Corporate treasurers forced to get to grips with e-business
Corporate treasurers are spending up to 10% more of their time considering e-business than a year ago, a poll by Arthur Andersen has revealed.
Corporate treasurers are spending up to 10% more of their time considering e-business than a year ago, a poll by Arthur Andersen has revealed.
This was just one of a series of telling indicators that corporate treasurers are addressing the implications the internet has on treasury functions.
The poll, conducted at the Treasurers’ Forum in Paris, explored business issues affecting the treasury functions of companies. And 43% of the delegates indicated that the cash management activities of the treasurer were most affected by e-business, while 21% of respondents claimed e-procurement was the most important issue.
Debbie Anthony, Arthur Andersen’s head of treasury tax solutions group, said: ‘The exponential growth of web-based transactions is creating new challenges for corporate treasurers. Treasury activities are required to be more flexible and are increasingly becoming more involved with procurement, as well as sales issues.
‘E-business is creating opportunities for treasury centres to add value to companies’ internal processes. The internet and e-commerce undoubtedly provide a tremendous opportunity for business but they should not be viewed as a panacea for all companies.’
Tony Blair rubbishes PwC’s estimates of increase in tax on business
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article