European Treasurers Challenged to Do More with Less
Budapest – Challenged by increasing regulatory requirements and their company´s ambitious growth strategies, 40 percent of European finance professionals are turning towards technology as they don´t see their teams growing over the next three years, according to the “European Association of Corporate Treasurers (EACT) Treasury Benchmarking Survey,” conducted by its technology sponsor Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions. More than 300 finance professionals answered the survey this summer.
“The survey Reval conducted among our members provides valuable insights into how European treasurers are stacking up against their peers when it comes to organising their teams and using technology to navigate successfully through today´s disruptive business environment,” says EACT Chairman Richard Raeburn.
The survey shows that 94 percent of treasurers place a high/medium value on treasury technology to help master today´s challenges. “It looks like there is still a gap between what treasurers are expected to do and what executive managers are willing to sponsor, as budget is considered the main roadblock to successfully changing treasury,” says Nigel Sirett, Managing Director EMEA at Reval. “That´s why it is important to choose a technology partner that helps deliver a strong ROI.”
For more details about the “EACT Treasury Benchmarking Survey,” visit Reval at stand L26 at EuroFinance Budapest, 15-17 October.