AFP Expands Treasury Benchmarking Program to Europe

The Association for Financial Professionals (AFP), in conjunction with IBM and Deutsche Bank, this week launched the 2009 AFP Treasury Benchmarking Survey to identify best practices in treasury in corporations across the US and Europe.

AFP released its first in a series of annual benchmarking surveys last year, assessing the performance of treasury operations of corporations in North America against those of their peers. This year, data is being collected in Europe as well as the US, and the results will be distributed in both regions. IBM will lead the data collection and analysis, while Deutsche Bank is providing financial support and guidance for the project.

According to Jim Kaitz, president and CEO of AFP, “The AFP Benchmarking Survey examines the most critical aspects of effective treasury management and gives treasurers a valuable analytical tool for improving operations. The survey results provide treasury professionals key measures for comparing business entities’ performance, pinpointing performance gaps, and evaluating improvement opportunities at a strategic level. With the expansion to European treasury operations, the benchmarking survey will now be a global tool.”

Corporate financial professionals from AFP’s membership and AFP’s London-based gtnews’ readers may participate in the study at no cost. Over the summer, each of the participants will receive benchmarking reports comparing their companies’ treasury operations with those of their relevant peer group, as well as with all other study participants. The benchmark reports will allow participants to identify opportunities to immediately improve the efficiency of their treasury operations. The reports will also analyze treasury service delivery trends, technology utilization, automation benefits and gaps, cycle times, centralized versus decentralized treasury operations, outsourcing, and other treasury operational issues.

Aggregate results of the study will be presented at the 2009 AFP Annual Conference in San Francisco from 4-7 October 2009.

“The 2009 study will continue to build upon last year’s survey which showed that treasury professionals need effective tools to develop operational efficiencies,” said William Fuessler, global leader, financial management, IBM Global Business Services. “In this new economic environment, successful businesses will capture value by acting quickly and decisively. Combining predictive analytics and services, IBM is helping finance professionals better understand and manage their cash flow.”

Marilyn Spearing, head of trade finance and cash management corporates, Global Transaction Banking, Deutsche Bank, said, “Last year’s benchmarking survey in the US received such a positive response from those corporates who participated that we, as a leading global player, now require this data on a cross-regional level. This expanded benchmarking survey will lead to improved treasury operations for our clients. Additionally, these results will help us with our ongoing efforts to offer ‘best in class’ services on a worldwide level.”


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