Survey Research & Economic Data
2022 AFP Strategic Role of Treasury Survey
The 2022 AFP® Strategic Role of Treasury Survey, supported by Marsh McLennan, examines the strategic role of treasurers at organizations. This year’s report studies the responsibilities treasury is assuming in both a lead and support role at their organizations. It also includes findings on the critical gaps in skills/competencies for treasury leaders and their teams and how treasury is managing talent during the “great resignation” era.
The two most challenging tasks facing treasury are improving payment processes and working capital Improvements.
In addition to taking a lead in certain areas, treasury increasingly supports other functions. At 82 percent of organizations, treasury supports business/continuity planning, 80 percent support accounting/SEC compliance), while 76 percent of respondents confirm that their organizations’ treasury function is doing the same for Financial Planning & Analysis.
Sixty-eight percent of treasury practitioners report that cash management and forecasting is currently a priority for treasury at their organizations.
Of the top five skills treasury professionals increasingly applied in order to help support their organizations, four were soft/people skills—i.e., forecasting, critical thinking, leadership, communication and being a change agent in their companies. This suggests that soft/people skills remain most in demand.
Communication continues to be the most important skill for both senior treasury practitioners and treasury teams.
In response to “the great resignation,” 56 percent of respondents indicate their organizations are attempting to curb staff attrition.
Treasury as a Business Enabler - Highlights From the 2022 AFP Strategic Role of Treasury Survey
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If you are interested in referencing data from this report in marketing materials, etc. please contact Mariam Lamech, Director Survey Research at [email protected].
Contact [email protected] or call 301.907.2862 for more in-depth information, to read the full report or to arrange an interview with the AFP Research team.
Questions about this subject?
Contact Tom Hunt, AFP's Director of Treasury Services.