Just less than a third (31%) of treasury professionals polled by SunGard at the 2011 AFP Annual conference in Boston identified gaining a holistic view of risk as the top priority for corporate treasurers. Twenty-seven percent believed that streamlining bank communications was the highest priority, while 21% felt that consolidating payment flows was most significant.
SunGard has observed a transformation in treasury as the role of treasury professionals expand beyond cash management to these key areas. To help address these complex activities, SunGard provides technology that helps corporations manage risk, bank communications and payments for improved liquidity management.
Craig Martin, executive director of AFP’s Corporate Treasurers Council, said: “As was highlighted in our ‘Strategic Role of Treasury’ survey released at our annual conference, we have seen the role of the corporate treasurer transform over the past few years and become more strategic due to the global economy, the regulatory environment, and new innovations in technology. Corporate treasurers are responsible for protecting the liquidity and managing the risk across the organisation, putting them in a position to impact their company’s ability to remain competitive and grow. With the right tools in place, corporate treasurers are able to be strategic and accurately forecast their cash, understand their risk exposures, and help increase their company’s liquidity.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
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