Almost 50% of key treasury and cash management processes remain fully manual/ traditional spreadsheet-based, according to the results of a new AberdeenGroup benchmark survey.

The report is based on the survey of 167 companies. Despite the strong regulatory and process improvement focus on treasury and cash management in recent years and the companies desire for more automation, 50% of all respondents have not yet implemented new technologies to optimize of their finance function.

Among top internal inefficiencies hindering optimization of treasury and cash management were the inability to forecast company cash, weak working capital/liquidity management decision making, inadequate financial reporting practices, and inefficient AR/AP processes.

Setting PACE in Treasury and Cash Management Benchmark Report
AberdeenGroup
Boston, MA