I have just read this article on DOFonline about outsourcing. It argues that outsourcing is a great way to save on IT costs, but that is not what outsourcing is really about.
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I believe most of the western governments have got it wrong with their big economic stimulus plans. They are trying to spend their way out of the crisis like shopaholics instead of acting like good stewards of the economy and spending and investing wisely.
We need to think in a radically new way when it comes to banking regulation in the future.
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Regularly I read press releases about companies winning an award for the best system or most innovative solution in their resepective industry - and here in the treasury world we also have our own bunch of awards.
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While reading about the Satyam fraud it still surprises me that it is so easy to cheat the auditors, even though they have a great tool right at hand for sniffing out problems: cash.
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The credit crisis has focused minds on cash and liquidity forecasting - and not just the minds of the cash manager and treasurer; but also those of the CFO and CEO, as I have previously mentioned.
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Treasuries are all too rarely measured on their ability to help the company succeed. However, any CFOs wishing to measure their treasury department’s performance in 2009 will find that the credit crisis has made it even more difficult to achieve an accurate indication of success.
The value of having good cash management and liquidity forecasting solutions in place has never been as important and appreciated as it is today. Never before have the eyes of the CFO and CEO been more focused on the cash flow and cash balance than they are now.
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Recently the European Central Bank came out with the 6th progress report on SEPA.
When we talk about SEPA most people think about the SEPA Credit Transfer, but SEPA is also about card payments and direct debits.
For a long time centralisation has been the holy grail when it comes to improvements in treasury and cash management.
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The Edge by Richard Northedge
Insider by Michael Pawley
Eco-Finance by Peter Wognum
