Fraud and Compliance have begun replacing Cash Forecasting and Liquidity Management as the top priorities for Corporate Treasurers. While Risk Management has always been a priority for Treasurers, managing risk typically meant implementing a good hedging policy or ensuring sufficient liquidity to meet cash obligations.
The start of January is most definitely the time for bold (or not so bold) predictions for the upcoming year. In the past weeks we have seen predictions suggesting that advanced business intelligence will be the number one priority for CFOs in 2017, predictable analytics will effectively replace hedge fund managers, and that blockchain is ready to emerge as the next coming of the internet for finance – in 2017. None of these things are going to happen – in 2017, or maybe at all.
Cash management is a critically-important piece of the corporate puzzle. For the continued health of the average business, maximizing cash on hand has become a top priority, forcing organizations to seek new strategies and solutions that support this need. Our recent research report, Understanding the Real Value of Supply Chain Finance, details the opportunities inherent in supply chain finance programs and provides a framework for enterprises seeking to leverage this financial solution.