Treasury is a function in transition. Not too long ago, the corporate treasurer was usually seen as the bill payer of the company, the manager of cash flows but little else. It was a transactional role that sat squarely in the middle of the finance cost center. But today, the corporate treasurer is often seen as a strategic partner to the business units, and many companies consider their treasurer an executive-level decision-maker.
A recent survey by the Association for Financial Professionals (AFP) found that more than four out of every five finance professionals think their company’s treasury function has become more strategic over the past five years. That survey also found that a significant proportion of treasury teams have taken the lead role in their company’s investor relations, in mergers and acquisitions (M&A), and in business continuity planning—all activities that reflect an expanding scope of responsibility.
Despite the intangible in its name, the levy applies broadly to income.
A recent survey suggests treasury and finance executives are not prepared for new technologies that could transform the way they do business.
Progress on diversity is slowed by the lack of turnover on corporate boards.
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Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
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