Kyriba, a company that offers a SaaS-based treasury management system, is offering a webinar on May 20th on “The Value of a Treasurer of Today’s Finance Organization.” I plan to attend and will be sharing my thoughts, what I learned, and critique afterward.
I know the treasury function can add tremendous value to its organization. Unfortunately, relatively few businesses see treasury as a true “value add” for three basic reasons:
- Most treasury groups don’t have enough contact with the people within the company. They spend most of their time communicating with people such as bankers and other financial intermediaries who are outside the company.
- Treasury needs to have contact with – and knowledge of – their own company, so they can provide services that will help spur growth.
- Treasury fails to communicate with management about the value they contribute.
Feel free reach out to me to discuss how treasury can be a ‘value-added” partner to the CFO and the senior management team.
