To manage a balance sheet is to protect the heart of any company. Doing so effectively is never more critical than when the economic environment is in flux. The essential strategic importance of a strong treasury operation stays the same, even throughout the tumult.
The best chief financial officers (CFOs) and treasurers pull the right levers for the organization to survive and succeed in a dynamic world. Understanding the rapidly changing environment and trends across treasury management and how technologies, regulations and the industry will likely evolve is now table stakes.
The first edition of The Treasury Management Playbook series, a collaboration with Citi, explores the ramifications of this new environment where liquidity is king. “Mitigating Risks and Maintaining Liquidity in Times of Change” details how treasury operations can build and keep organizations prepared for anything.
One of the most challenging aspects of supporting successful treasury operations is that the rules of the game are constantly changing. To understand the nuances of treasury operations as they stand today, PYMNTS spoke to Ron Chakravarti, global head of client advisory, treasury and trade solutions at Citi. Chakravarti discusses the importance of real-time visibility, the lessons top decision-makers should have learned from the pandemic and why it is critical to “adopt rather than adapt.”
Liquidity management is more important than ever before. Corporate treasury teams can now use powerful digital tools such as automation. Still, organizations must understand that they need a comprehensive approach and full integration into fiscal operations to fully reap the benefits. We explore the different layers of an enterprise liquidity management platform and detail the benefits of cash flow forecasting.
Performance metrics are a straightforward way to assess treasury operations’ effectiveness and fiscal solvency. The most adept treasurers can consider themselves successful if they use the metrics to look years ahead and have reason to believe that success will hold. We outline the key performance indicators (KPIs) that treasurers can implement for success in the current business environment.
“Mitigating Risks and Maintaining Liquidity in Times of Change” gives an overview of modern tools of the treasurer’s enhanced role in decision-making. Download the report to learn how organizations can improve metrics and become more efficient, effective and competitive.