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Over the past decade, many companies’ treasury teams have evolved from serving primarily as a transactional function to being much more of a strategic partner to the business. This evolution is possible largely because advancements in technology are reducing the amount of manual busy work that treasury staff must complete each day—but technology alone cannot raise the profile of the function.

“Sometimes treasury teams have to go out of our way, and shout from the mountaintops, to be heard and seen as a strategic partner,” says Frank Boroch, director of treasury for Hyundai Capital America. “It can be hard to change internal perceptions, and a shift in those mind-sets has to be earned.”

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