'The Centre Holds' - From the Decentralised Treasury Towards Fully Centralised Cash and Treasury Management
Journal of Corporate Treasury Management, Vol. 3, No. 2, pp. 109-112, 2009
4 Pages Posted: 4 Aug 2010
Date Written: October 29, 2009
Abstract
In many multinational corporations, treasury managers are facing huge challenges in managing transactions across multiple locations and time-zones while working with many outside banks. The greater the geographic reach of a company, the more difficult it is to access and track accurate and timely cash-flow information. At the same time, medium-sized companies that are growing in market value and size must decide how to implement the right solution for managing an increasing volume of transactions. Centralisation of treasury activities offers corporations the ability to achieve higher efficiency, greater transparency and access to real-time information across a broad geographical area and many entities.
Keywords: Treasury Management, Cash Management, Liquidity Management, Globalization, Centralization
JEL Classification: G30
Suggested Citation: Suggested Citation