The treasury function has a well-deserved reputation for running lean. There are certainly notable exceptions, but among most companies—even multi-billion–dollar enterprises—treasury usually has few dedicated team members. Five, three, one, or perhaps even zero individuals have a full-time focus on the complexities of managing cash flows, working capital and payments, financial risk, and all the other myriad areas of financial management that require a treasury professional’s input.

“Do more with less” is the mantra across most treasury teams—and that challenge is magnified in small to midsize businesses. Even though an organization might not have the staff resources of a major multinational, it certainly has the same need for effective treasury operations.

For Lithko Contracting, a midsize concrete contractor based in West Chester, Ohio, the key to optimizing the effectiveness of a lean treasury organization is to push decision-making to the people on the company’s front lines. “Treasury and finance managers should trust the people who are closest to the action and give them the tools that they need to be successful,” says Ben Cutting, Lithko’s CFO.


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 and

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2022 ALM Global, LLC. All Rights Reserved.