We recently surveyed over 250 treasurers and CFOs globally in order to discover their key priorities during the pandemic.
Although there were no surprises around liquidity issues and FX volatility concerns, it was interesting to note that 11% of treasury teams are struggling with the transition to digital treasury. This is an area where they will be looking for additional support from their banks and vendors. While only 6% are struggling to make payments, for those few, this is a critical issue – not least where payroll is concerned.
This is a time for treasurers to work in close collaboration with their internal and external partners, drawing on collective knowledge and resources to weather the storm.