5 Steps for Improving Your Information and Reporting Capabilities

07/01/2013

Information is vital to any treasury organization. Gaining access to detailed data is the key to improving treasury processes and ultimately achieving working capital management goals. The following basic questions will help you determine if your organization might benefit from bringing additional reporting systems online:

• Have you conducted an analysis of your treasury function to determine what information you have access to?
• Have you examined your current information with an eye towards establishing what additional information you’d benefit from?
• What barriers exist in obtaining the visibility you need into your AP and AR processes?
• How can you partner with IT to put systems in place to gain access to vital information?
• Have you assessed your bank’s role in helping you achieve your information goals?

To achieve greater treasury visibility, you should begin by developing a plan. Engaging with your bank is key to achieving success.