Michael Dinkins, President & CEO, Dinkins LLC
Expand Your View Of Treasury To Drive Business Value
- CFOs should expand their view of how treasury can contribute to their organizations. Today, treasury can enhance the overall value of a business in new ways.
- To reduce operational costs, get treasury involved in negotiations from the beginning and ask the team to find process efficiencies for both your organization and your customers.
“The true value in treasury is around what it’s done to execute the business strategy of the company and how it’s leveraging the technology that it has to do that.”
Most CFOs have not worked as corporate treasurers, which can give them a limited view of what treasury can really contribute to an organization. Typically, CFOs consider treasury’s main functions to be collecting as early as possible, paying as late as possible, and hedging, according to Michael Dinkins, president and CEO of Dinkins LLC and a former CFO of five different companies. But thanks to new technology and evolving best practices, treasury has grown to be more strategic than ever before, encompassing payments, fraud prevention, compliance, and working capital optimization.
This is an excerpt from The CFO Perspective – The Strategic Value of Treasury. The eBook was generously sponsored by Kyriba.
