As trailblazers of growth, many Asian Tigers’s corporate treasuries have had to grow and learn to react to business complexities and changes in their environments very quickly. Over the past decades, many of these treasuries have been able to rapidly develop their levels of maturity and integration in a relatively short time during recent periods of economic growth and prosperity. In recent years, however, a number of drivers have caused treasurers in the region to adopt a more strategic role – such as the increased volatility in both the financial and commodity markets, the legacy of the global financial crisis, regulatory changes and new innovative business models. Even within Asia, priorities may differ according to the level of treasury maturity of a particular country. For example, treasuries in Singapore or Hong Kong tend to be mature and highly integrated with their business, because they have experienced international growth for a longer period.
Expanding role of treasury
On the 20th of June 2017, the Zanders Belgium Annual Treasury and Risk Seminar was held in Antwerp where more than 40 invited experts gathered under a beautiful blue sky and an exotic temperature to discuss the latest developments and innovations in Corporate Treasury.
Many corporate treasurers are considering ways to optimize their treasury function to meet ever-changing internal and external requirements and respond to market developments. However, defining the next steps for your treasury’s strategic development might not be a straightforward task. Zanders’ strategic benchmarking services and its proprietary Treasury and Risk Maturity Model helps organizations to identify how to develop their treasury department into a more enhanced and value-creating treasury function.
Treasury scan identifies risks and improvement potential
One thing to come out of the economic crisis is a renewed focus on treasury. Treasury can help save costs and – even more importantly – make risks transparent and controllable.
Down to business, northern style
As an IT service provider operating across the Netherlands, SG|automatisering (SG) has been working for nearly 30 years for property managers, local authorities and healthcare institutions.
The paths of Zanders and SG cross regularly. They are a well-matched couple. “Like Zanders, we prefer to let our results speak for themselves,” explains Alexander Zaal, a manager at SG.