Integrated global treasury systems help maximize liquidity, increasing both revenue and control. Centralization and improved information systems are also helping treasurers reduce risk. This integrated supply chain management enables treasurers to focus on value-added questions, as opposed to simple cash management concerns. Still, achieving this vision of fully integrated, global treasury management is no easy task. Building a global treasury is a long process.
Companies have to break it down into small components and take it one step at a time.
It's a vision. Senior management support is critical. And everyone in the company needs to be on the team. While technology is allowing so much to happen in global treasury, the regulatory environment has yet to catch up. Tax and regulatory issues continue to impede the flow of liquidity across national borders.