The Key to Smarter Liquidity Management: Breaking Down Silos
Treasurers must lead the charge to bring down organisational silos that stifle optimised liquidity management. To do this successfully, they have to recruit critical stakeholders from other departments to the cause through a mixture of education, communication, and technology. A treasury team’s understanding of the timing of a company’s cash flows is vital for both […]
5 Strategic Moves Treasurers Should Make in 2022
As 2022 shapes up to be a volatile year, evidenced by equity prices and surging interest rates, inflation and changing labour market dynamics have introduced unforeseen challenges. Amol Dhargalkar, Global Head of Corporates, Chatham Financial, outlines five strategic and operational moves treasury professionals should consider to take advantage of capital market opportunities and manage financial […]
The Financial Impact of the Circular Economy: What Treasurers Need to Know
COP26 has shone a spotlight on the concept of a circular economy. While the shift away from a linear model will have profound – and necessary – impacts on physical supply chains, there will also be inevitable consequences in terms of P&L and the balance sheet. After analysing the basic aspects of the circular economy […]
How Suitable are Crypto Assets as a Treasury Investment?
Corporates have started putting Bitcoin on the balance sheet. Central banks are pursuing their own digital currencies. The rise of cryptocurrencies is happening at a startling pace and will have a variety of impacts. Now is the time for treasurers to educate themselves and their businesses about the complex changes ahead, something explored in a […]
Recipe for Success: Building a New World-class Treasury during Lockdown
When Patrick Kunz, Interim Treasury & Finance Consultant, started at Takeaway.com, the treasury function did not exist. Building one from scratch is the dream scenario for many treasurers. But when – on only the third day of this endeavour – the world went into lockdown as a result of the Covid-19 pandemic, that dream could […]
Navigating the New Liquidity Landscape: Putting Cash in Its Place
From money market fund (MMF) reform to new technologies, the way in which treasurers manage liquidity is evolving – or rather, it should be. Here, TMI examines some of the key changes happening in the liquidity landscape across Europe, the US and Asia. Industry experts also outline how corporate treasurers can prepare for these developments, […]
Treasury Transformation: Achieving Operational and Financial Efficiency
Endemol Shine Group, a leading media company that produces and distributes multi-platform entertainment content, wanted to invest in new, longer-term projects to meet growing audience demand. But as a highly leveraged organisation, the company needed to self-fund these ventures. Treasury therefore embarked on a challenging but rewarding transformation journey to improve internal workflows and make […]
IFRS 9 Bridges the Gap Between Accounting and Risk Management
For years, accounting and risk management have not always been fully in sync. Limitations in the prevailing accounting standard meant that firms were not always able to accurately reflect their risk management activities in financial statements. While the emphasis of accounting was on the forensics of company finances, risk management was traditionally focused on the […]
Making the Decision to Hedge
FX hedging is a fundamental element of every treasurer’s role, with the potential for large swings in financial results if hedging is absent or insufficient. Defining the right hedging policy for the business is essential, taking into account stakeholders’ risk management appetite and objectives. Once the overall approach to FX risk has been established, treasurers […]