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."