Corporate treasury functions operating in Asia face a number of challenges. The increasingly complex and demanding business environment is putting pressure on businesses in the region. However, this also presents significant opportunities for CFOs and Treasurers to collaborate in transforming their organisations and adding value to the business.
Our survey, covering 117 organisations in 7 countries in Asia, reveals that the challenges facing corporate treasuries in Asia arise in the following areas:
In order to fulfill its key role, the treasury function needs to incorporate appropriate technology with best practices for their core activities. The CFO or treasurer can start with quick wins by undertaking cash or risk netting and bank rationalisation, followed by long-term enhancements such as TMS implementation, in-house banking and payment and collection factory.