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
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.