5 Areas of Your Treasury Operation That Might Benefit from Improvement

Fifth Third Bank

For many of us, resolutions are forgotten almost as soon as they are made. When it comes to treasury operations, resolving to achieve greater operational efficiency is a goal well worth keeping. Here are five ways to get your resolution started:

  • Assess how collections at the operational level impact your working capital
  • Review your "current state" - quantify how long it takes to collect your receivables, turn inventory and deposit cash and disperse payables appropriately
  • Evaluate staffing needs - realign personnel to improve treasury operations
  • Determine what roadblocks stand between you and your treasury goals - recruit and engage executive support to ensure success
  • Upgrade your cash conversion cycle - pinpoint what technologies can be deployed to enable you to process, collect and post receivables faster
The views expressed by the author are not necessarily those of Fifth Third Bank and are solely the opinions of the author. This article is for informational purposes only. It does not constitute the rendering of legal, accounting, or other professional services by Fifth Third Bank or any of their subsidiaries or affiliates, and are provided without any warranty whatsoever. Deposit and credit products provided by Fifth Third Bank.