Upward trend in the sentiment of global treasury community continues with latest survey results

Treasury And Cash Management


Germaine Lang

Apr 15, 2021

The latest Global Recovery Monitor survey results reflect a growing positivity trend among respondents, made up of finance and treasury professionals from around the world. The survey is sponsored by the Treasury Coalition, a collaborative group of industry leaders. Launched in early 2020, the recurring survey measures the pandemic’s impact on all aspects of treasury.

Now nearly a year in, this period marks the 15th straight that the liquidity outlook moved in a positive direction. But what sets this period apart from previous ones is the parallel positive movement in other key areas, indicating a broader spread of positive outlook. Highlights from 3 key areas:

  • Debit and liquidity: this is the first time we saw simultaneous positives in all 6 areas that add or detract to a company’s liquidity: AR, bank line of credit, central bank liquidity, covenant requirements, commercial paper, and fiscal policy.
  • GDP outlook: treasurers’ overall view of their country’s GDP improved for each quarter over a quarter timeframe, indicating a gradual return to normal. Previous results typically had an up and down aspect that reflected uncertainty of how long the pandemic would last.
  • Project status: perhaps the most notable indicator of upward movement is the project activity reported by respondents. 48% of technology organizations have started or plan to start projects in 2021, with 41% of payments organizations and 36% of banking services following suit.

Will this trend continue? We’ll know more when the next set of results are released in June.

To access the full Period 19 results, download the report here.

Read the first article in this series, featuring an interview with Craig Jeffery, Executive Director, Strategic Treasurer and check out the previous results articles here on SmartPayments.

How You Can Help

The Treasury Coalition will continue to offer insight into what’s top-of-mind in the treasury and financial industries during the pandemic, and how practitioners are viewing the recovery timeline.

To be a meaningful resource, the Global Recovery Monitor needs consistent participation from those in the treasury and finance trenches. To add your voice to the results, take the survey here.


For further insights into the payments industry and beyond, subscribe now to SmartPayments.com and stay up-to-date on the latest trends and topics. You can also check out The Payments Podcast, where experts weigh-in on real-time factors impacting the payments industry.


Posted by

Germaine Lang

Germaine Lang is the Managing Editor of SmartPayments with a strong creative and technical writing background across many industries. She also works to engage customers and relate their experiences with vendor products and services, positioning them as innovative thought leaders.
Browse all posts
footer curve