Exidio has announced the launch of a business-to-treasury (B2T) website. B2T refers to the processes and transmission of data between business units and treasury. B2T is where treasury provides tools and guidelines for business units, in order for them to report on cash forecasts and exposures in a timely and accurate manner. The B2T site provides free information and material to support corporations in their effort to improve internal treasury workflows and reporting. The focus is on accurate, reliable and timely cash forecasts to support working capital management, and efficient management of currency exposures on the corporate level. The benefits of a well-managed B2T process are wide, spanning from better compliance with regulatory and audit requirements to motivated subsidiary staff. It is also worth noting that a vast improvement can be made through simple steps, without making considerable investments into new systems.
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