Client Success in Treasury

Business Problem

The Treasury function was challenged with a lack of resources for all the responsibilities it had to fulfill. The problem was exacerbated by a cash and credit crunched environment. Finance leadership was looking for ways to do more with less and do it better.

Resolution

In addition to breaking away from a functional silo mindset, a Treasury Management System (TMS) implementation was undertaken to improve the visibility and efficiency of the Treasury function. With enhanced visibility into costs related to banking transactions and the cash flow timeline, Treasury staff was significantly better able to manage cash, provide accurate cash position forecasts, reduce banking fees, and strengthen strategic banking relationships. Automation of routine tasks such as bank account reconciliation enabled the Treasury to focus on more value adding activities such as better use of surplus cash.

Benefit

First year hard cash benefit from the solution was over $250,000. It was selected, installed, and operational in 20 weeks.

 

Treasury manages the life blood of the business - cash! In good time & bad, it pays to invest in making the Treasury function as efficient as possible.