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Communications: Essential to Centralize Treasury Activity

  • By Staff Writers
  • Published: 2/23/2016
forecastscreenEnsuring clear and effective communications is a critical determinant of success in any decision to centralize treasury activity. Broadly speaking, treasurers must manage communications in three key areas: with other group entities and departments; with supply chain partners, both customers and suppliers; and with other third parties, including banks, investors, rating agencies, auditors, regulators and software vendors.

Communications in a Global Treasury, the latest in the CTC series on Global Interconnectivity, focuses on the communications needed to make key structures treasurers use to manage a global treasury work as efficiently as possible. It explains that, without an efficient flow of data and information, centralized treasury structures can never deliver the expected gains. It also discusses why it is important for treasurers to spend time discussing treasury objectives with a full range of partners. Doing so helps to identify solutions to problems and to make existing solutions more effective. Whether as the flow of data or as a discussion with core partners, effective communications require interaction.

As with the other guides, this guide prescribes no specific method for achieving improved communications. Instead, the aim is to prompt thought and discussion, as a first step in reviewing existing communications.

Download Communications in a Global Treasury here.

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