'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

See all articles by Petr Polak

Petr Polak

University of Brunei Darussalam

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

Polak, Petr, 'The Centre Holds' - From the Decentralised Treasury Towards Fully Centralised Cash and Treasury Management (October 29, 2009). Journal of Corporate Treasury Management, Vol. 3, No. 2, pp. 109-112, 2009 , Available at SSRN: https://ssrn.com/abstract=1653318

Petr Polak (Contact Author)

University of Brunei Darussalam ( email )

Jalan Tungku Link
Gadong
Bandar Seri Begawan, BE1410
Brunei

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