Becoming your own technical expert

Article Abstract:

Treasury professionals must evaluate their technical abilities to effectively manage a firm's assets and liabilities. Several treasury professionals lack an understanding of the core technology to make use of treasury management systems. To address this problem, they must first assess their technical abilities and try to enhance them through hands-on experience, reading articles related to the technology and attending treasury product demonstrations. Treasury professionals must also have an understanding of some platforms, the internet and applications.

Information Systems, Usage, Column, Study and teaching, Technology

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In denial over the Year 2000: treasurers who think they are millenium-ready should remember that they are not - unless they know if their banks and other suppliers are

Article Abstract:

Corporate treasurers should be wary of announcing their readiness for the Year 2000 (Y2K) problem in computer systems since the Y2K problem is more of a systemic problem that affects both a corporation and its suppliers. Many corporations are taking the problem into their own hands, dedicating computer systems to simulate transactions to identify and rectify any problems that might arise between transactions. Many computer experts believe that the Y2K problem could only be addressed by exhaustive testing of computer systems.

Management, Testing, Year 2000 transition (Computers), Corporations, Corporate finance

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Reviewing banking relationships

Article Abstract:

Businesses can save on costs during times of financial crisis by conducting reviews of its internal and external organization such as banking relationships. The Cookson Group, which has about $3 billion in international sales, is a case in point. Review of its US operations resulted in the streamlining of its banks to two, Fleet Bank and Mellon Bank. The action was estimated to have saved $2 million dollar in banking costs.

Diversified Companies, Banking industry, Evaluation, Conglomerate corporations, Risk management, Cookson Group PLC

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