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Staying Upright on a Sea of Change

Three ways to leverage the tumultuous external environment to enhance the position of corporate treasury in the organization.

By Diane S. Reyes, Michael Cummins | Updated on April 22, 2014
When the external environment is roiling, the key to successfully navigating the tumult is to not just accept, but in fact leverage, the forces of change. That often holds true for professionals in any career path, but it’s certainly the case for treasury professionals today.

Since last decade’s liquidity crisis, the role of the corporate treasurer has been wholly transformed. In this era of heightened counterparty risk, low interest rates, and tight liquidity and credit, effective management of the treasury function has become a determining factor in businesses’ success. As a result, the role of corporate treasurer has become both more visible and more strategic than ever before.

These days, CFOs and boards of directors are increasingly relying on the treasurer’s insights to help them make the right decisions at the right time. From ensuring that global capital levels are adequate to support growth and minimize liquidity risk, to engaging in corporate initiatives that require proficiency with increasingly complex accounting, tax, legal, and regulatory rules, the treasurer’s insights have been in high demand over the past decade. Likewise, the value of a strategic treasurer has become more pronounced. Effective treasurers today are measured on their ability to manage initiatives beyond the traditional role. And their ability to successfully support the varied needs of their company may well define the strategic direction of the organization.

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