In general, a compliance culture will help you avoid costly pitfalls like having to rebuild a product or service offering due to legal issues or negative publicity; it will also lower the risk of lost trust and lawsuits, which can be game-ending.
As interest rates rise, treasury teams should re-evaluate cash forecasting models to be sure they fully understand the risk associated with a pursuit of higher returns.
"If it's an 8-to-5 job, what are they supposed to do if someone's at the door, or there's a delivery person, or a kid, or some other issue that they need to deal with?" said David Barron, a Cozen O'Connor member.