X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Companies have spent a lot of money over the years to automate their treasury operations. But a new benchmarking survey by the Association for Financial Professionals suggests that a bigger factor in improving treasury efficiency is having well-educated, regularly trained and seasoned employees in treasury departments.

AFP’s third annual benchmark survey found that the educational level of treasury staff was a leading indicator of efficiency, says Tom Hunt, AFP’s treasury services director. For example, when treasury functions such as bank account reconciliation or forecasting were done by employees with M.B.A.s, it took half as many people to handle the job as when M.B.A.s weren’t involved. When certified employees did the same work, it took one-third fewer staff, the study found.

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.