Treasury and Cash Management Can Be a Strategic Goldmine for Cost Reductions and Profit Boosting, New Aberdeen Report Says.
PR Newswire Europe, May, 2006
BOSTON, May 9 /PRNewswire/ --
- Integrated technology solutions increase visibility and control over cash accounts for large companies. Smaller and mid-size companies successfully utilize other viable solutions.
External and internal pressures are driving change in treasury and cash management. Currently, almost 50% of key processes in this corporate function remain fully manual/traditional spreadsheet-based, according to the results of a new AberdeenGroup benchmark survey.
"Given the accelerated adoption of automation solutions in sales, customer and supply management, it is surprising to see the low levels of technology adoption in treasury and cash management. Despite the strong focus on treasury and cash management and the stated desire...
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