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Analysis

The Rise of Treasury

The challenges of the pandemic increased the visibility of corporate treasury professionals—and the importance of leadership, communication, strategic thinking, and other soft skills.

By Tom Hunt & Mariam Lamech | October 20, 2022 at 01:44 PM
Stock image: Businessman climbing toward the light. Credit: Photocreo Bednarek/Adobe Stock

The current business environment is marked by uncertainty, and the demands on all corporate teams, including treasury, continue to grow. As a result, treasury’s contribution to the organization has become more holistic than ever before. And as the “2022 AFP Strategic Role of Treasury Survey,” supported by Marsh McLennan, reveals, maintaining a high-functioning treasury team that can leverage processes and technologies to effectively execute core areas of responsibility is critical.

“Against a landscape of global supply-chain challenges and record-high inflation, treasury has an opportunity to rise to the occasion and provide sought-after guidance and expertise,” says Jim Kaitz, president and CEO of the Association for Financial Professionals (AFP).

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