Systems and Procedures

Embedding appropriate corporate treasury policies and procedures is vital to ensure best practice and to provide an appropriate foundation as the business grows. This includes:

• establishing basic reporting to provide appropriate levels of visibility for, say, cash and foreign exchange,
• if appropriate, selecting and implementing a treasury management system,
• defining roles, responsibilities and authority levels,
• documenting treasury policies.

Treasury management systems have become core to the financial management and reporting needs of many companies. They bring greater efficiency to treasury processes, enable tighter management of cash and treasury risk and provide increased security and control and improved system communication through advanced connectivity and straight-through processing capabilities.

Example –

In a recent case a client had already decided that there was a need to acquire a treasury management system but was uncertain how best to handle the process of selection. PMC worked with the company to draft a “Request for Proposal”, identified those system providers to be approached, reviewed the proposals submitted from each provider and then, through using appropriate selection criteria, identified the system the company needed.

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