The start of the new year is an ideal time for Treasurers to reflect upon overall treasury strategies and goals.  Since TreaSolution's purpose is to help organizations in developing world-class treasury functions, we've compiled a list of sixteen treasury optimization projects that every Treasurer should consider for 2016. 

The list of treasury optimization projects range from basic treasury policy and procedures documentation to advance treasury and risk management analysis.  TreaSolution hopes that this list will assist Treasurers in creating a world-class treasury department by implementing treasury best practices and simultaneously documenting treasury optimization results.

1. Document and Benchmark Treasury Policies
2. Document and Benchmark Treasury Procedures
3. Document and Benchmark Treasury Internal Controls
4. Create and Monitor Strategic Treasury Management KPIs
5. Document and Benchmark Treasury Personnel Workload Allocation
6. Update Treasury Position Descriptions with the Human Resources Department
7. Create and Regularly Test a Comprehensive Treasury Disaster Recovery Plan
8. Benchmark Current Treasury Technology Against Options Available in Marketplace
9. Review Treasury Technology Access Permissions (Treasury Workstations, Bank Websites, Etc.)
10. Benchmark Bank Analysis Statements Against Contracted Fee Schedules
11. Review Current Bank Account Architecture and Corresponding Account Purposes
12. Document and Review Bank Relationship Management and Implementation Services
13. Confirm the Accuracy of All Bank Signers on Both Bank and Organization Records
14. Document and Review Current Foreign Exchange (FX) Risk Management Functions
15. Document and Review Current Insurance Risk Management Functions
16. Create a Detailed Cash Forecast and Regularly Discuss Results with Organization Leadership

What are your thoughts about this list of treasury optimization projects? Should any projects be added to this list?  What treasury optimization projects will your treasury department pursue this year?  Please feel free to add your comments below.

It's always interesting to discover which treasury management banking products treasury practitioners are interested in purchasing.    This graphic indicated that there is a lot of demand for Electronic Bank Account Maintenance (eBAM), Mobile Banking Services,  Bank Treasury Workstation, SWIFT for Corporates, and Electronic Billing and Payments.    The services that are not in demand are probably already implemented by most treasury departments (i.e. Federal Wire Payments, Prior Day Reporting, Current Day Reporting, Positive Pay).

Do you agree or disagree with this data?  Please feel free to use the comments to post your thoughts or questions.

Relevant TreaSolution Services:
Treasury Benchmarking Reports
Treasury Best Practice Review
Treasury Intelligence Reports (FI's)

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This is a story of the BIG 3...  The top three financial institutions listed in the above charge represent over 63% of the Treasury Survey's responses!  The second-tier of main cash management banks represent just under 18% of the responses.  Combined, nine financial institutions comprise approximately 81% of main cash management bank status.  

This does not mean that other financial institutions don't have excellent cash management services and products.   In fact, many organization have numerous bank relationships.

Do you agree or disagree with this data?  Please feel free to use the comments to post your thoughts or questions.

Relevant TreaSolution Services:
Treasury Benchmarking Reports
Treasury Best Practice Review
Treasury Intelligence Reports (FI's)

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Renegotiating credit facilities is an important responsibilities for corporate treasurers and CFO's.   TreaSolution wanted to document what the churn rate was for credit facilities on an annualized basis.   As illustrated from the above chart, in 2013 almost 42% of treasury survey respondents indicated that they were going to renegotiate their credit facility.   This is a rather large percentage which, if consistent in subsequent years, indicates that credit facilities will be renegotiated on average every 2.38 years (i.e. 100% / 41.98%).  TreaSolution feels that the low interest rate environment and greater availability to credit may had led to an increase in credit facility renegotiations.

Do you agree or disagree with this data?  Please feel free to use the comments to post your thoughts or questions.

Relevant TreaSolution Services:
Treasury Benchmarking Reports
Treasury Best Practice Review
Treasury Intelligence Reports (FI's)

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