4 Methods for Treasurers to Support CFOs through Better Reporting
Financial reporting is a complicated process, and becomes cumbersome when an organization relies primarily on spreadsheets for reporting. A recent survey shows that 97% of CFOs are worried about financial reporting-related issues and they often have to deal with “unanswerable
Mitigating the COVID-19 Catastrophe From a Treasurer’s Perspective
In addition to the red alert being issued world-wide by the governments on the epidemic of the new coronavirus 2019 (COVID-19), global financial markets have witnessed massive turbulence and uncertainty. The Dow Jones Industrial Average has hit rock-bottom for the
5 Crucial Steps in Selecting & Implementing a Treasury Management System (TMS)
In an era of evolving technology, the right Treasury Management System (TMS) can automate functions and streamline operations, enhancing the performance of your organization. But how do you select the best Treasury Management System from the solutions that are available? Here
7 Aspects of Corporate Treasury That You Must Consider
Apart from administering traditional functions of cash flow forecasting and financial reporting, the treasury department of an organization has a broader role to play in bolstering the company’s growth and long-term success. In light of rapidly changing market conditions and
Secrets of Cash Management Excellence – Part 2/2: Cash Forecasting
Cash forecasting is essential for discerning future cash flows and cash position for an organization. Accurate cash forecasting is crucial for any treasurer to ensure their organization’s liquidity come what may. In Part 1 of this blog series we covered
Secrets of Cash Management Excellence – Part 1/2: Cash Visibility
Ascertaining current cash position is essential for treasurers to manage organizational cash effectively, making more informed treasury decisions with better utilization of cash. Cash management is all about knowing the cash reserves in the various pockets of the organization. Corporate Treasurers
Improve Liquidity and Fuel Growth with Cash Mobilization
According to a leading publication, companies worldwide have a whopping $1.5 trillion trapped on their balance sheets. That’s a huge amount of cash that is immobilized and rendered effectively useless. It generates barely any interest income, if any, let alone
Achieving Accurate Cash Flow Forecast for Better Financial Control
Accurate, detailed and diligently prepared cash flow forecasting is one of the most important responsibilities for CFOs. Poor cash flow forecasting can have severe consequences to the ROI and financial health of an organization. It can lead to poor investment
What Does it Take for Effective Cash Management?
Well-managed money goes further and achieves more than spending money without a plan. However good cash management requires a clear view of the current cash and liquidity position. In addition, accurate forecasting of cashflows requires a solid foundation that is