2010 AFP Treasury Benchmarking Survey Results
When it comes to managing corporate cash, people matter most, according to a recent survey by the Association for Financial Professionals (AFP). Results of the third annual AFP Treasury Benchmarking Survey showed that human capital factors such as education and training of key finance personnel have a significant impact on the efficiency of treasury operations.
In partnership with IBM and underwritten by Deutsche Bank, this multi-year project provides financial professionals with the data needed to identify best practices and to improve treasury processes within their organizations.
AFP Treasury Benchmarking Program's mission is to provide benchmarking data for financial professionals so they can compare the performance of their organizations' treasury operations against those of comparable organizations.
As with the 2009 survey, the 2010 AFP Benchmarking Survey was supplemented with the participation of subscribers to gtnews, an AFP company and the world's largest network of corporate treasury professionals.
The objectives of this year's survey were to:
- Determine performance levels achieved by participants
- Define world-class (80th percentile) benchmark targets
- Analyze performance levels by peer group
- Provide a basis of comparison to help companies identify performance gaps and evaluate opportunities for improvement.
Whereas last year's survey emphasized technological differentiators, this year's survey emphasizes human capital, especially the training, professional development, advanced degrees and credentials that are linked to the best treasury departments.