Treasury teams are becoming increasingly strategic, but most areill-prepared to leverage the technologies that can move themfurther down this path. That's the headline news from Deloitte's"2019 Global Treasury Survey," released latelast year.

Deloitte surveyed treasury professionals from an array ofdifferent industries, who are located primarily in Europe, theAsia-Pacific region, and the Americas. Nearly two-thirds ofrespondents (62 percent) reported that visibility into globaloperations, cash, and financial risk exposures is their biggeststrategic challenge, followed by liquidity (57 percent) andcurrency volatility (50 percent). These results make sense becausealmost every respondent (97 percent) said liquidity risk managementis a critical or very important mandate for their function, and 94percent placed high importance on serving as a steward forfinancial risk management for the company. (See Figure 1,below.)

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Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.