Search
 
Best Practices

Establishing Good Habits for a More Agile Treasury Function

After a chaotic 2020, corporate treasurers and cash managers should prioritize shoring up key processes that will promote greater agility and responsiveness.

By Filipe Mossmann & Tarek El-Yafi | March 22, 2021 at 08:54 AM

Stock illustration: Peering through the clouds

Things are starting to look up. The fight against Covid-19 has made progress; rollout of vaccines has begun. But corporate leaders have learned lessons the hard way over the past 12 months—and some continue to face significant challenges.

The effects of the pandemic have been far-reaching, causing disruption to supply chains and a slowdown in consumer demand. For example, in the retail sector, 2020’s Black Friday weekend saw 4 million fewer Americans make a purchase, with average spending per shopper down 14 percent, according to the National Retail Federation. Although online giants like Amazon reported stellar performance over the 2020 holiday season, the picture was significantly less rosy for smaller retailers, independent shops, and those without the reserves to adapt quickly to a rapidly changing external environment.

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?

NOT FOR REPRINT

© 2023 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.

 

Recommended Stories

Investments Shift away from Bank Deposits

Investments Shift away from Bank Deposits

Tom Hunt |

The 2023 AFP Liquidity Survey found that treasurers are reducing bank deposits and moving investments toward more secure vehicles, reflecting the U.S. economic climate of 2022 and the bank failures of 2023.

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 © 2023 ALM Global, LLC. All Rights Reserved.