Redefining Treasury – ACT Annual Conference 2017
As usual, the ACT Annual Conference this year was a huge success and it was great to catch up with past and present (and hopefully future) clients at this informative and fun event. We earnestly hope that we gained more clients than kilos!
The emphasis this year seems to confirm, once again, how Treasurers and the Treasury function are becoming central to corporates’ strategic decision making. With the right tools and information, the Treasury function can play a key part in delivering cost benefits to the whole organisation, via tight controls over financial transaction processing, financial efficiency and risk management.
Corporates will increasingly rely on technology to ensure the smooth operation of their businesses and Treasury Management Systems are seen as a strategic tool to enable them to do this. An essential risk management tool, a TMS can help to reduce exposure to fraud and identify and manage the dramatic fluctuations in FX that we now see regularly. Frequently considered to be the nerve centre of financial information, they can provide true global visibility of all exposures and meet regulations relating to proper accounting procedures.
The conference also gave good coverage to Brexit, global events/markets and cross border law/tax harmonisation, matters which are at the forefront of all Treasurers minds and which no organisation can remain untouched by.
The Treasury department is certainly an interesting place to be at the moment!