In today’s highly volatile and complex business environment, treasury teams are increasingly being asked to be strategic partners to the business. Global economic and political uncertainty, increasing regulatory changes, unexpected currency movements and technology innovations are accelerating financial transformation within organizations globally.

In response, the role of treasury has been dramatically evolving and the function is increasingly playing a more strategic role in critical decision-making. Priorities such as strategic liquidity management and utilization and short- and long-term cash forecasting continue to take center stage. Treasurers globally are looking for ways to leverage the treasury function to not only protect the business from volatility but to creatively and intelligently manage treasury in a way that adds financial value and contributions to growth. As expected, both the COVID 19 impact and the resulting economic environment led treasury’s role assume a renewed focus and pushed treasury function to the forefront.

To keep pace with the changing climate, it has become vital for organizations to follow a road map, laid out in these five keys to create an efficient and effective strategic treasury function.

"The increasing role and contribution of treasury is driven by a prioritized focus on cash and liquidity management and utilization. These two factors are also the reasons noted for driving treasury’s greater strategic role in the next three years."

Source: 2020 AFP Strategic Role of Treasury


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