Latest Cash Management Articles
The global financial crisis of 2007-08 firmly placed contingency planning on the treasury agenda. This article considers the rapidly changing business environment and highlights three areas where treasurers can effectively work in partnership with their banks to effectively respond to risk.
Greece’s ongoing negotiations with the Troika of the European Union (EU) have renewed political and economic uncertainty across Europe. Corporate treasurers must ask the question – are the PIIGS (Portugal, Ireland, Italy, Greece and Spain) economies simply too risky?
Economies currently suffer from the paradox of having too much liquidity in certain areas, while having too little in others. Banks, awash with cash, are reluctant to accept deposits; larger corporations are stockpiling cash but running out of options of where to place it; while small and medium-sized enterprises (SMEs) are often unable to access funding due to its cost and scarcity.
Financial professionals can take certain common sense steps to make sure that their cash flow forecast not only has the necessary quality, but also can be completed and validated in an acceptable timespan.