Summary of The Well-Connected Treasurer

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Gone are the days when people viewed corporate treasurers as behind-the-scenes functionaries who simply controlled bank accounts and wrote checks. Today, with more companies maintaining a global presence and upping their M&A activity, treasurers shoulder a variety of responsibilities that put them front and center in a firm’s tactical and strategic picture. The Economist Intelligence Unit’s up-to-the-minute survey of corporate treasury staff across a broad industry spectrum shines a light on how the treasurer’s role has changed and how savvy professionals can prepare for their future. getAbstract recommends this article to treasurers, their staff and nonfinancial executives.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

The role of the corporate treasurer is changing, and treasurers are adapting in a variety of ways. While forecasting and controlling cash flow is still a central part of the job, doing so often involves centralizing data from a variety of sources, both domestic and foreign. For many treasurers, the most difficult aspect of obtaining relevant financial information is communicating effectively with diverse and often far-flung departments and sources. Fostering relationships and understanding the different parts of a business’s operations are critical in securing cooperation. For example...


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