X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Several years ago, at the ServiceMaster Co., a stressed-out treasury operations staff finally had had enough of putting out fires, running from one ASAP project to the next–only to find at times that what seemed so desperately mission critical to one division might not really have been needed at all. It was time to develop defensible, consistent priorities when it came to projects. Treasury ops was “working a ton of hours trying to complete projects helter-skelter for whichever business unit screamed the loudest,” recalls Brian J. Qualizza Jr., director of treasury operations. “We were reactive. We were frustrated.We decided we had to make a change.”

To Qualizza, the answer was simple to say, hard to accomplish: Develop a more orderly process and maintain control over it. The four-person treasury operations team was undaunted. After fewer than a dozen meetings, it issued an ambitious annual agenda for project selection and prioritization, putting itself at the center as each project’s manager. “We wanted to take the stress off the business units,” Qualizza observes. “And we have a better completion rate when we are in charge.” Another key advantage of having treasury call the shots, Qualizza points out: Treasury can look beyond the needs of one division and select projects that can be replicated across multiple business units.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.