Treasury’s Top Roles in support of the Enterprise
December 12, 2022
The Association For Financial Professionals has released a study on the roles performed by the Treasury department. The study uncovered a large shift from 5 years ago to today in several areas where the treasurer is playing a supporting role in other key functions of organizations:
- Accounting and SEC Compliance support - In 2017 the Treasury supported this function in 50% of organizations surveyed. In 2022 this number increased to 80%
- Business continuity and planning - in 2017 the Treasury supported this function in 45% of organizations surveyed. In 2022 this number increased to 82%
- FP&A - In 2017 the Treasury supported this function in 53% of organizations surveyed. In 2022 this number increased to 76%
What system is your treasury team utilizing today to enhance collaboration with other teams? If you’re like most organizations, the treasurer’s office continues to depend heavily on disconnected spreadsheet files.
FinLogic.io is an excellent option for treasurers to evaluate. It allows for anything imagined on a spreadsheet to be converted into a corporate system with a centralized database, workflows, security, and other key features.