More than half of treasury departments do not utilize a treasury management system according to a study released recently by Treasury Strategies, Inc. Given the real benefits that can be achieved from effective treasury technology, there is significant opportunity for productivity improvements in the treasury arena, the consultancy said. The survey also revealed that cash flow forecasting optimization is a focus for two out of three treasury departments. Treasury Strategies said that, as a result of the current economic climate and liquidity constraints, many corporations have placed a much greater emphasis on improving their cash forecasting capabilities. More than half of the treasury departments surveyed find risk management (both operational and financial) to be a key issue, with many admitting that they are still working to address FAS133 requirements.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.