Paul Stheeman at STS – Stheeman Treasury Solutions GmbH believes that all his 30+ years experience - Interim Treasurer since 2011, Director International Treasury for Suncor Energy, etc. - and knowledge of corporate treasury shows that the Top 10 things to do in corporate treasury are:

1. Know your actual cash position at all times
2. Become a trusted advisor to your CFO
3. Provide support to the business in all Treasury matters
4. Communicate professionally, honestly and fairly with your banks
5. Ensure you have the knowledge to perform your duties with excellence
6. Ensure you have the tools to perform your duties with excellence
7. Know your risks and exposures and why you have them
8. Ensure your controls are all in place and test them
9. Regularly test your financing covenants and communicate the results
10. Maintain good relationships with your rating agencies.

 

Then you will survive and prosper in corporate treasury.