Treasury Is The Value Center Of The Enterprise
- With treasury serving as a knowledge center, all divisions turn to it for real-time information related to operational activities.
- The power of the treasury management system comes from its global perspective and predictive capabilities.
“It’s still cash management, but treasury has moved away from the traditional operational functions. It is no longer back office.”
Cash management in an airline business is challenging for many reasons, especially for an international company. Unpredictable weather events, volatile fuel prices, and the challenge of operating with many currencies can significantly impact revenue, cash, and profitability. Marina Chase, CFO (Ag.) of Caribbean Airlines, says that treasury has experienced big changes in recent years. “It’s still cash management,” she says, “but treasury has moved away from the traditional operational functions. It is no longer back office.”