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Treasurers have long been accused of operating from an ivory tower, but when the financial crisis hit, all that changed. Today treasurers are more visible to the rest of the business than ever before, and they are expected to have a more strategic focus. But if the treasurer still has that ivory tower mentality—and if other departments still have no idea what the treasury actually does—this can be difficult to accomplish. Meanwhile, areas like working capital management, which treasurers are increasingly focusing on, cannot be tackled holistically without a good deal of interaction between treasury and the business.

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