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Treasury Outsourcing: how to manage the good, the bad and the ugly

Key timing points
20.33 The dangers of cost saving based outsourcing

CTMfile take: This is essential viewing if you really want to understand how to manage the good, the bad and the ugly in corporate treasury outsourcing.

Two experienced corporate treasury consultants/interim treasurers - Colin Evans, Founder, EliteTreasury and Andrew Marshall, Director, SLG Treasury - review how to manage the good, the bad and the ugly in corporate treasury outsourcing. They give their take on how achieve the best combination of insourcing and outsourcing, covering:

  • how to identify what it is vital to keep in-house
  • only outsourcing non-core processses that been perfected 
  • ensure that detailed, practical SLAs (Service Level Agreement) are set up and agreed
  • the need to develop an exist strategy in any agreement with an outsourcing provider
  • how it is essential to review outsourcing arrangements to ensure they are still worth continuing
  • horror stories if outsourcing  programme is cost driven and not reviewed as to its full impact, e.g. cost can be 10 times the so-called £2 million headcount savings.

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