On the seventh day of Christmas my adviser gave me tips on how to:
by Jack Large
Improve the overall EFFICIENCY of my Corporate Treasury Department by getting the balance between insourcing and outsourcing right:
- Best source your operations through the optimal balance of insourcing and outsourcing, see: Best Sourcing Cash | Treasury Management | C&TM File
- Read CTMfile post on “How to make sense of corporate treasury outsourcing”, see: https://ctmfile.com/story/how-to-make-sense-of-corporate-treasury-outsourcing
- Don’t use outsourcing just to cut costs and headcount, see: Outsourcing should be about process improvement, not cost cutting and headcount | C&TM File
- Be aware that outsourcing can be good or very ugly - you have to make key choices, see: Treasury Outsourcing: how to manage the good, the bad and the ugly | C&TM File
- Take advantage of how corporate treasury outsourcing suppliers have expanded their range of services, see:
- Use the new bank outsourcing services, e.g. Goldman Sachs new transaction banking services, see: https://ctmfile.com/story/goldman-transaction-banking-what-an-advantage-starting-from-scratch-is
- Minimize bank fees & maximize operational efficiency, see: https://ctmfile.com/story/how-to-minimize-bank-fees-maximize-operational-efficiency
- Go strategic and use outsourcing effectively, see: https://ctmfile.com/story/what-does-it-mean-to-gostrategic
AND:
- Be conscious of what automation is doing to corporate treasury and manage the impact, see: Is automation friend or foe for corporate treasury? | C&TM File
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