A recent analysis by the American Productivity and Quality Center (APQC) and treasury expert Ernie Humphrey found the following practices to be statistically correlated with the frequency with which a treasury organization is consulted by corporate executives for strategic decision support:

  • Focus on risk management. Including financial and operational risk management in the scope of corporate treasury.
  • Strong internal partnerships and collaboration. Partnership with the CFO and board to engage in forecasting, reporting, and risk management.
  • Strong external partnerships and collaboration. Systemic, regular reviews of banking relationships.
  • Focus on data management.  Influence, or some degree of control, over data integrity and management.

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Analysis