A recent survey of corporate executives conducted by SAP and CFO Research provides some interesting insights into global businesses’ priorities for their treasury function. The survey included 661 executives, all at companies with more than $500 million in annual revenues. Eighteen percent of respondents said they are CFOs; 18 percent are directors of finance; 15 percent are treasurers; and 11 percent are CEOs or other business managers.
When the survey asked these participants to select their three most important priorities for improving treasury performance, their top two choices are not surprising: optimizing treasury processes (44 percent) and upgrading treasury information systems or technology (38 percent). Nearly a third also prioritize improving the treasury function's ability to work closely with line-of-business managers. However, fewer than a quarter of respondents are focused on improving treasury performance by expanding or adding treasury services, or by adjusting treasury staffing levels. (See Figure 1.)