Is your treasury fit for purpose?
This issue of Treasury Today coincides with our attendance at EuroFinance’s International Cash and Treasury Management Conference 2015 in Copenhagen, Denmark. Indeed, we expect many of you may be attending the conference too. The theme this year is ‘keeping treasury fit for purpose, fit for growth and fit for the future’ – something that many treasurers will be thinking about as they take the time to step away from their desks and look towards 2016.
As we have reported frequently throughout 2015, companies continue to face major challenges with regard to new regulations, compliance and threats to security on a number of levels. Currency, stock market and commodity price volatility only compound these issues. Add to the mix economic and political uncertainty and the role of the treasury function gets harder still.
Despite all the barriers that exist though, we still see remarkable companies doing remarkable things, especially where corporate treasury is concerned. We view the majority of treasury departments we see as striving for continuous improvement and doing the right thing to ensure they remain fit for purpose. Nonetheless, we can all learn from best in class solutions and the best practices being deployed by our peers; corporate treasury is no exception as you will see from many of the articles in this edition.
Our 2015 Adam Smith Awards, now in their eighth year, are always a good barometer of best practice and innovation and this year’s submissions were no exception. A record 210 submissions from 23 different countries were received. Some of the winning entries are being showcased, commencing 30th September, as part of our educational Adam Smith webinar series. For more information please visit treasurytoday.com/webinars. The benchmarking studies we have conducted in recent years also help to inform us, and therefore you, about what is happening in the treasury space, what is being measured and the actual metrics being achieved.
If you are attending the Copenhagen event, please do visit the Treasury Today stand and talk to us about the steps you are taking to get your treasury fit for purpose. Also, pick up your copy of our new Digitisation Handbook and take the opportunity to tell us what else we can do to make your professional life easier. Our MD, Richard Parkinson; Group Publisher, Angela Berry; and Research Director, John Nicholas will be pleased to discuss your needs and bring you up-to-date on what we already have planned for 2016. Why not have your say and influence what we will be doing? If you are not planning to be in Copenhagen we would still like to hear from you, so please email firstname.lastname@example.org.