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Moving Into a Strategic Role

How the corporate treasury team at DFC Global simultaneously improved efficiency and became a more strategic partner to other areas of the business.

By Treasury & Risk Staff | Updated on January 22, 2014

In many corporate finance departments, siloed data, systems, and processes hamper communication and hamstring efficiency. Treasury groups that can tear down those silos not only provide better support to the company, but also position themselves to play a more strategic role in the organization.

At DFC Global, an international, nonbank financial services business, the treasury team played a leading role in an initiative to streamline processes from cash forecasting and financial risk management to reconciliations and accounting. The team also became a strategic partner for business units looking to grow through mergers and acquisitions (M&A) or even develop new product offerings.

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