A recent analysis by the American Productivity and Quality Center (APQC) and treasury expert Ernie Humphrey found the following practices to be statistically correlated with the frequency with which a treasury organization is consulted by corporate executives for strategic decision support:

• Focus on risk management. Including financial and operational risk management in the scope of corporate treasury.
• Strong internal partnerships and collaboration. Partnership with the CFO and board to engage in forecasting, reporting, and risk management.
• Strong external partnerships and collaboration. Systemic, regular reviews of banking relationships.
• Focus on data management.  Influence, or some degree of control, over data integrity and management.

See also:

• Key Success Factors for Treasury in the 'Next Normal'
• Think Beyond Traditional Treasury Success Measures
• Top Treasury Skills and Aptitudes for the 'Next Normal'