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Treasury outsourcing is growing world-wide

There seems to be growing demand for treasury outsourcing around the world. The traditional outsourcing company is alive and well:

  • FTI will manage and operate a global multi-lateral netting solution for AECOM, a US headquartered provider of professional technical and management support services with clients in more than 140 countries and revenue in excess of $8 billion.
  • FTI has also been engaged to provide a turnkey cash investment and liquidity management solution on an outsourced basis to Annington Limited, one of the largest private owners of residential property in the UK with over 40,000 properties leased.
  • a new treasury outsourcing operation - The Treasury Outsourcing Company - has been set up in the UK
  • treasury outsourcing companies in South Africa and in Australia are doing well.

Another form of outsourcing has emerged as TMS systems have developed and extended their services. Corporate treasury departments are now able to use the cloud based TMS services to outsource basic functions without actually employing an outsourcing company. Also banks are increasingly extending their payment and transaction services to relieve the corporate treasury department of basic transaction processing.

The basic drivers for outsourcing in the corporate treasury department - doing more with less, getting rid of repetitive non-value add tasks, etc. - are increasing, it is just that we don’t call it outsourcing anymore. The reality is that treasury outsourcing is growing rapidly as the corporate treasury department‘s responsibilities increase. Turkeys did vote for Christmas, but it didn’t matter because their remit increased.

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