Is your treasury on top of basics? Many are not
Jack Large, editor of treasury news site CTM File, was not expecting much surprise when going to a leading cash management event in London last week. Sadly, he was wrong.
”The problem for organisers of cash management conferences is that cash management doesn’t really change much, so they are always finding it a struggle to find something new.”
Thus reads the sand-bagging first sentence of the round-up article by news site CTM File on the 2019 Cash Management Conference, arranged by Britain’s Association of Corporate Treasurers (ACT) and Barclays. It is written by treasury professional-turned-editor Jack Large.
Yet, for good or bad, he could go home with new insight.
Be careful what you wish for
”One panellist said that the most surprising thing for her was that a lot of corporate treasury departments are still working on ‘getting the basics right’,” he noted – adding several pieces of evidence that the focus this year was on bread and butter, rather than on hot stuff.
Cash pooling session ”suberb”
That said, Jack Large writes a list of sessions which he found ”superb”, among them one on cybersecurity and payment fraud, one on cash pooling and bank account structures, and one featuring four ten-minute ”tech talks”.