Efficiency Key To Corporate Treasury

By Mark Brousseau

For those of you still wondering about the industry’s move from traditional remittance processing to receivables management (which integrates transaction processing more tightly with accounting functions), a recent survey by Business Finance and JPMorgan Chase should give you pause.

Internal efficiency initiatives were cited by three-quarters of respondents as the most important driver of the corporate treasury function – ahead of the economy, mergers and acquisitions, globalization, and financial industry consolidation. Maybe there’s something to the push for A/R matching, auto-posting and invoice scanning after all.

What do you think? E-mail me at m_brousseau@msn.com.