AFP, Deutsche Bank and IBM to Develop Treasury Benchmarking Programme
The Association for Financial Professionals (AFP) has announced a partnership with IBM to develop a treasury benchmarking programme. The multi-year project is being underwritten by Deutsche Bank Global Transaction Banking, which will also promote the programme through its global network. The first study in the programme covering treasury operations will be launched in March 2008. All corporate financial professionals will be eligible to participate in the study at no cost. Once the study closes, study participants will receive a customised benchmark report that compares their operations with those of their relevant peer group, as well as with all other participants. This benchmark report will allow AFP members to identify opportunities to improve their treasury management. The aggregate results of the initial study will be released publicly and presented at the 2008 AFP Annual Conference in Los Angeles, with a new study launched at each of the next two AFP Annual Conferences.