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Highlights from the Deloitte Treasury Strategy and Operations Survey, Conducted Jointly with gtnews

In response to recent economic uncertainty and the uptick in foreign currency volatility, corporate treasury organizations have been striving to transform their focus from a traditional cash and transaction processing role to a strategic role in global liquidity and financial risk management. Deloitte, in cooperation with gtnews, conducted a survey in July 2012 to gain insight into top treasury goals, mandates, pain points, strategies, and technology solutions. The survey1 targeted corporate treasury professionals of companies of all revenue sizes and industry sectors except for financial services. Outlined below are some of the highlights from the survey analysis.

Key treasury pain points highlights

Historically, visibility over cash was closely related to bank balance reporting. The definition has widened to include visibility over projected cash inflows and outflows globally and associated foreign exchange risk exposures. Hence, it does not come as a surprise that visibility over cash and financial risk exposures is ranked as the biggest pain point by 36% of the respondents.

 

In-house bank highlights

In-house bank (IHB) structures can help organizations alleviate key pain points related to optimizing internal cash and managing foreign currency exposures. Centralization through IHB typically allows organizations to focus on the strategic treasury activities while the transaction processing activities are either automated through the treasury technology or performed by the shared service centers.

 

Treasury technology highlights

According to the survey, between 62% and 71% of the organizations with annual revenues under $5 billion have implemented treasury management systems (TMS). The level of usage of TMS increases to 74% for the organizations with annual revenues between $5 and $20 billion. The respondents indicated that SAP Treasury, WallStreet Suite and SunGuard (excluding Quantum) are the most popular treasury management systems.

If you have questions about the results, or wish to obtain a copy of the full survey report, please contact one of Deloitte’s Treasury and Commodity Risk Advisory practice professionals below:

Contacts

Scott Gauch
Principal
Deloitte & Touche LLP
Tel: +1 213 996 5792
sgauch@deloitte.com

Carina Ruiz
Partner
Deloitte & Touche LLP
Tel: +1 408 704 2158
caruiz@deloitte.com

Prashant Tekriwal
Senior Manager
Deloitte & Touche LLP
Tel: +1 312 486 4276
ptekriwal@deloitte.com

Lyudmyla Kozak
Manager
Deloitte & Touche LLP
Mobile: + 1 646 462 5594
lykozak@deloitte.com

1 Over 310 companies responded to the survey; however the number of responses to specific questions included in the survey varied between 52 and 319 responses.

As used in this document, “Deloitte” means Deloitte & Touche LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

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