Treasurers talk about the virtues of benchmarking, yet not that many companies engage in it, as the numbers in the first annual benchmarking survey, sponsored by Treasury & Risk and Thomson Financial, reveal. "Companies don't get into benchmarking for a quick fix," says Jacqueline Corbett, Thomson's vice president of products. They are looking for results. And while only 16% reported seeing significant progress from benchmarking, Corbett is encouraged that 65% reported some degree of progress. "That should provide motivation to treasuries that don't benchmark," she says. The survey of 224 CFOs and senior treasury executives was circulated between March 1 and 12 2007.
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