A Focus on Best Practices in Cash Management

With SEPA compliance projects now largely underway or nearing completion, what priorities are you seeing emerging amongst your corporate customers?

After a busy couple of months over both year-end reporting and SEPA migration projects, corporate treasurers are now able to take stock and review their strategic and operational priorities for the year ahead. In some cases, treasurers are now able to progress projects that had to be deferred as a result of the global financial crisis and more recently, the need for SEPA migration. In others, they are using the opportunity of relative calm to reflect on, and consolidate their activities to identify opportunities for future improvement.

Whether they see the next few months as a time for action or reflection, companies of all sizes are recognising that implementing best practices in cash management offers operational efficiency, cost savings, improved returns and greater shareholder value. Consequently, treasurers are coming to us to talk about opportunities to enhance cash management efficiency, discuss best practices and understand how these can be adopted in their business.

On which elements of cash management are customers focusing?

The components of an efficient cash management strategy are well understood: working capital management; bank relationships and accounts; liquidity structures and efficient channels. However, as the business environment evolves and companies’ strategies progress, these often need to be reviewed and adapted to meet changing needs, both individually and in combination.

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