Corporate finance executives are feeling upbeat about their companies' prospects and say they plan to start deploying some of the cash they've stockpiled over the next 12 months, according to an annual survey by American Express. Of the 541 senior finance executives surveyed worldwide, 45% say they are likely to spend some part of their cash reserves in the coming year. Just 34% say they plan to continue to preserve their cash hoard, down from 62% in 2011.

Spending plans are stronger among U.S. finance executives, with 52% saying they plan to put some of their cash reserves to work in the coming year. Just 31% of U.S. executives say they're not planning to spend any of their cash, down from 48% in 2011.

Asia-Pacific was the only region where finance executives intent on preserving their cash reserves exceed those who plan to start spending, notes Robert Clarkson, vice president and general manager of global corporate payments at American Express. Just 33% of Asia-Pacific finance executives say they are likely to tap their cash hoard, while 41% say they don't plan to.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.