Treasury Underutilizing Technology - New Survey

More than half of treasury departments do not utilize a treasury management system according to a study released recently by Treasury Strategies, Inc. Given the real benefits that can be achieved from effective treasury technology, there is significant opportunity for productivity improvements in the treasury arena, the consultancy said. The survey also revealed that cash flow forecasting optimization is a focus for two out of three treasury departments. Treasury Strategies said that, as a result of the current economic climate and liquidity constraints, many corporations have placed a much greater emphasis on improving their cash forecasting capabilities. More than half of the treasury departments surveyed find risk management (both operational and financial) to be a key issue, with many admitting that they are still working to address FAS133 requirements.

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