AFP 2022 Executive Guide: A Treasurer’s Guide to Centralization
Underwritten by Standard Chartered
In the 2022 AFP Executive Guide: A Treasurer’s Guide to Centralization, find illustrative case studies to help understand cost control, operational efficiency and treasury digitalization leading to the main takeaways: a three-step route to optimization.
What have treasurers learned in the past two years as the global economy emerges from the pandemic? Understanding the changing business drivers, how to control costs in a changing environment, optimizing business processes, and treasury digitalization.
Circumstances matter – no company makes decisions in isolation; context is everything and it is no different when treasury practitioners seek to optimize their operations.
This guide deep dives into the three elements that affect an organization’s context:
- Their level of maturity
- Their geographic presence
- Their business environment
Understanding the Changing Business Drivers
Of all the impacts of the coronavirus pandemic, for treasury and finance, two in particular stand out:
Download the Guide to see what companies are planning to do moving forward.
Controlling Costs in a Changing Environment
Along with all business departments, treasury remains under pressure to control its costs. There are three different approaches treasury practitioners can use to identify ways to reduce and control operational costs.
- Review Existing processes
- Revise processes to reduce operational risk
- Take advantage of new innovation
Optimizing Operational Processes
To achieve wider efficiencies, treasury departments may need to review a wider set of processes with a view to achieving optimization. From a treasury perspective, any project should be designed to achieve one or more of the following objectives:
View the full Guide to learn more about optimizing your operational process.
Takeaways: A Three Step-Route to Optimization
The challenge for treasury is to prioritize the problems that need solving in a way that does not make solving future problems more difficult. The following framework should help:
- Tactical improvements: What opportunities are there to reduce and control operational costs?
- Strategic improvements: For wider improvements to processes and structures that will optimize operational efficiency.
- Select the best project: A list of key questions to ask when making strategic changes.