Corporate Boardroom Series: Strategies for Treasury Solutions
The monthly Corporate Boardroom Series explores the current business challenges, helping C-level executives prepare for the next “hard question” their boards of directors are likely to ask. Each brief focuses on a single question, provides Celent's view of the issues behind the question, and defines specific action steps that will position the company to deliver an effective response.
The first installment of this series focuses on providing practical guidance to business executive decision makers, who are faced with the dilemma of maintaining a long-lasting and trustworthy relationship with their local bank when the bank shows insufficient financial pockets to invest in the technology that can handle the increasing volume of trade and cash required by their client.
"Local banks will lose ground to international banks unless they offer fully-integrated treasury services," says Enrico Camerinelli, senior analyst in Celent's Corporate research group and author of the report. "Corporate executives must recognize the importance of providing increased added value by strategically selecting the right technology partner, be it another larger bank, or a service provider."
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].
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