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Corporate treasury is now more strategic for the enterprise, meaning chief financial officers and treasurers must be close-knit with their organizations’ boards of directors. More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short.
A new report from treasurymanagement technology firm Kyriba and CFO Research Services offered CFOs a chance to lay out their wish lists for their treasurer peers, with chief financial officers pushing the treasury function to embrace a more prominent role.
New research from the Association for Financial Professionals (AFP) released Monday (May 22) found 80 percent of corporate treasurers agree the role has become more strategic in the last three years. The same amount of survey respondents also said the role of the treasury department will continue to devolve and become even more strategic.
The world of corporate treasurymanagement has of late had to focus especially hard on the management portion of the job description. The average number of investment vehicles held by corporate treasury departments grew from 2.8 Regulatory frameworks for the above mandates are never one-size-fits-all. two years ago to 3.2
In their Strategic Role of Treasury Survey , the AFP and Marsh & McLennan identified the forces pressing companies to shift the treasury department into a more strategic position. Capital allocation, financial riskmanagement, and treasury and payment technologies are also key areas of focus, researchers found.
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