2017 AFP Strategic Role of Treasury Survey
Treasurers’ roles in most organizations are expanding, with their departments increasingly called on to support the execution of corporate strategy. Many now serve as strategic advisors across their organizations, taking on diverse responsibilities that may include payment strategies as well as such risk management duties as insurance purchasing, enterprise risk management, business continuity planning, and more.
Most treasurers — 80% — believe their role will become increasingly strategic over the next three years. Still, the key reason behind treasury’s strategic role is senior management’s focus on liquidity and risk exposures, along with the call to improve cash management and forecasting.
These are just some of the findings from the 2017 AFP Strategic Role of Treasury Survey, supported by Marsh & McLennan Companies’ Global Risk Center.
The effective execution of treasurers’ widening, more strategic role demands new skills and a commitment to work effectively across organizations. The 2017 AFP Strategic Role of Treasury Survey can help those inside of treasury departments develop their focus areas, and provide risk professionals and others in the organization a glimpse at treasurers’ viewpoints.