This week’s International Treasurer editorial meeting brought forth a number of issues, including:
WCC Committees
Strong discipline in working capital management leads to strong discipline in operations, and by linking working capital objectives into an overall corporate strategy or ERM program, treasurers can ensure ongoing senior executive review and support.
Fraud
While common sense may be the best defense, putting structure around your security plan will leave you less vulnerable to attack. News of Target’s security breach shook up the holiday season last December which was soon followed by two other popular retailers announcing similar breaches. The fraud landscape has changed in recent years and continues to evolve due to advances in technology and a more mobile world. Adopting a good model of prevention will ensure sound control and provide the infrastructure needed to combat fraud today and in the future.
Nimble Treasury
Treasurers will need to navigate the bumpy terrain as corporate banking continues taking a new turn (or twists). While the world economies continue to emerge from the financial crisis and Basel III and Dodd-Frank become more of a reality, we find that corporate treasurers are primarily focusing in on liquidity management this year. What challenges can treasurers expect as they encounter a new corporate banking landscape?