Setting up a treasury as your in-house bank
Article Abstract:
Some corporations are now weighing the advantages and disadvantages of centralizing their treasury operations, and using their treasury departments to perform the functions traditionally handled by outside banks. The problems and opportunities presented in setting up an in-house 'bank' are discussed. Before an organization embarks on creating its own bank, it should be determined whether or not the organization has the expertise needed to handle banking functions, the effect centralizing treasury operations will have on the business, and whether or not management understands the risks involved in treasury management.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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A corporate finance model for the decentralised company - 2
Article Abstract:
Changing the way a company is managed will probably cause initial resistance, rather than a positive response. Thus top management should introduce the idea only after careful planning. Obvious rewards are what will sell the new plan so these should be made clear and linked with performance measurements. Management training and the opportunity to give feedback are also essential steps. A case study of a manufacturer shows the long term value of such planning.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
User Contributions:
Comment about this article or add new information about this topic:
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