The value created by a connected corporate treasury department became clear to financial leaders during the COVID-19 crisis, putting treasurers in a position to build on this goodwill and secure a more strategic role. Five trends rose to the top in our 2021 survey of treasury respondents from 340 companies across industries:
The pandemic made quiet heroes of millions of workers in 2020, with corporate treasury teams doing their part by protecting liquidity and cash flow, and managing risk throughout. Their impact has not gone unnoticed.
Sustaining treasury’s relationships with the broader business is one of the leading priorities for CFOs, according to respondents to our 2021 Global Treasury Survey (see chart at right). As we analyzed this and the other leadership priorities, alongside the broader responses from our survey, five key trends emerged for consideration.
Unpacking the implications behind each trend can help treasurers demonstrate the value of their function during a time of substantive organizational and business model change. In our view, treasurers have a significant opportunity to maintain and expand a new position of influence.
PwC’s 2021 Global Treasury Survey report reflects the views of 340 treasury department respondents contacted by the PwC global network from February through May 2021. The respondents are based in over 30 countries, across 22 industries and in companies with median annual revenue of $4 billion. The report also relies on insights from our global team of treasury function experts.
Principal, Financial & Treasury Management, PwC US
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