Cash Management Survey 2010: Treasurers Failing to Achieve Centralisation

[JoyM]

The fifth gtnews cash management survey, in association with SEB, shows a worrying consistency with previous ones. Treasury organisations are still seeking to abolish decentralised and manual processing. This year's survey, to be published on 7 September, shows some positive signs of a move towards a centralised structure, with an increase in companies with a global cash concentration structure – 34.9% this year, compared with 25.5% of companies in 2009. But why is the move to centralisation so slow? What is stopping companies from centralising their cash management processes? Is it that centralisation is a costly, disruptive and lengthy process? Or is it that treasury can't get senior management buy-in? Comments please.

[mamoonkay]

Wow nice post this is very helpful. Thanks a lot.