Treasurers’ roles in most organizations are expanding, with their departments increasingly called on to support the execution of corporate strategy. Many now serve as strategic advisors across their organizations, taking on diverse responsibilities such as long-term borrowing, investing, payments strategy and execution, and counterparty risk analysis and enterprise risk management. Most treasurers — 80% — believe their role will become increasingly strategic over the next three years. Still, the key reason behind treasury’s strategic role is senior management’s focus on liquidity and risk exposures, along with the call to improve cash management and forecasting.
Key Highlights from Survey
These are some of the findings of the 2017 AFP Strategic Role of Treasury Survey supported by Marsh & McLennan Companies’ Global Risk Center. The findings have important implications for corporate treasurers and those that provide services to the treasury.