Treasury management systems boost productivity

May 10, 2013


A recent survey by Kyriba of members of the Association of Corporate Treasurers (ACT) provides statistical confirmation of something finance executives have known for years: Spreadsheets are not the most efficient tool for managing the treasury function.

The vast majority of the survey’s 269 respondents, mostly from the U.K. and Ireland, engage in operational cash management (78 percent) and in cash position reporting and forecasting (75 percent) on a daily basis. Many also engage in risk management (66 percent); providing data for corporate decisions (58 percent); and high-level, strategic financial analysis (43 percent) from day to day.