According to research published by Citi last month, corporates with high-performing treasury departments benefit from efficient funding of working capital, proactive identification and mitigation of financial risks, as well as intelligent deployment of liquidity to fund company growth.
The result is a return on invested capital almost twice as high as those whose treasury teams are classified as ‘laggards’.
Nevertheless, a separate report from Northern Trust identifies a trend towards corporate treasurers feeling overstretched and operating with limited human and technology resources.
The authors of the Citi report also note that many companies are hampered by disconnected processes, systems and data because of inadequate investment in resources and technology.
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