You may also be interested in:

Articles

Is In-House Banking Right for Your Treasury Function?

  • By Andrew Deichler
  • Published: 9/27/2016

tipg-16-inhousebnkg-pghdr
In the past decade, many multinational corporations have turned to in-house banking solutions for global cash management, and it’s easy to see why. Treasury departments understand that their subsidiaries need funding, and they are looking for a more cost effective way of doing that than having each unit borrow from a bank locally. In-house banking provides a way around that, as well as a good solution for cash visibility and managing FX.

AFP’s latest Treasury in Practice guide, underwritten by Thomson Reuters, is intended to be a back office look at in-house banking, providing a glimpse into what multinational corporate treasury teams do on a daily basis to manage their cash and FX needs around the globe. In-house banking clearly offers a variety of benefits for multinational corporate treasury departments, however, implementation is an expensive and lengthy process that will require buy-in from senior management. Furthermore, with regulations looming that could force companies to eschew cash pooling and by extension in-house banking, building a business case for implementation may prove even more difficult for many treasury departments.

So if your treasury department is considering adopting an in-house bank, it’s a good idea to download the new guide. Perhaps after hearing from some of your peers on their in-house banking procedures, you’ll have a better idea of whether this solution is right for your treasury team.

Download In-House Banking: Is it Right for Your Treasury Function here. Also, don’t miss the session, Is an In-House Bank Right for Your Organization, at the AFP Annual Conference in Orlando.

 

The Call for Speakers is OPEN
Think you have what it takes to lead an educational session at FinNext 2019? We KNOW you do. Just pick a topic you're passionate about and share it with your FP&A peers. This is your time to shine. 
Submit your Proposal

Copyright © 2018 Association for Financial Professionals, Inc.
All rights reserved.