Companies are calling on treasury departments to do more than
analyze cash and manage risk. In a survey conducted by the Association
for Financial Professionals, 91 percent of respondents said the role of the
treasury department is expanding. Some of the tasks treasury is assuming
include assisting in mergers and acquisitions, SEC compliance, business continuity
planning, and management
of employee benefits
other than pension plans. More
than a third (37 percent) of the
companies surveyed say they
have expanded treasury staffing
to take on the additional workload,
and another 27 percent
have increased the use of
outsourcing. The expansion has
changed the view of treasury as a
cost center at some organizations:
45 percent of the finance
executives polled say the treasury
department is expected to earn
revenues for the company.
An article from
Beyond Cash Management
Filed Under:
Technology