Download Report The Technology Impact of Misunderstood Treasurers
Treasurers in the technology industry face different challenges than those in other sectors. For example, only 50% report having strong influence over decision-making, far below other sectors such as consumer goods. Their limited involvement impacts key financial outcomes, such as cash flow predictability and earnings optimism.
Technology finance leaders are 73% more likely to say they need more collaboration than heads of other departments. For example, four out of five people believe that finance departments would benefit from closer collaboration. In contrast, 62% of other department heads believe their current level of collaboration is sufficient, making department heads even more isolated. Greater involvement of treasurers could close the influence gap, reduce debt, and speed up cash conversion cycles.
These are some of the findings from PYMNTS Intelligence and Citi’s joint study, “The Impact of Misunderstood Treasurers in Technology.” It examines the challenges faced by treasurers in the technology industry, including poor coordination between departments and low predictability of cash flows across sectors. The survey surveyed 500 finance executives and other department heads (representing business strategy, marketing, payments, and product development) from a variety of industries and was conducted from April 9 to May 28. It is based on insights from research that provides a comprehensive look at the barriers that limit the influence of treasurers. Limited impact on financial results.
Inside “The Misunderstood Treasurer’s Technology Impact”
Insights into how treasurer engagement impacts cash flow predictability compared to other finance functions Why technology companies are increasing their alignment of treasurers with finance or business strategy teams Can you benefit? Insights into why treasurers think they can improve cash conversion cycles and reduce debt Insights into how technology companies can achieve growth Treasurers in strategic decision-making Gain opportunities by increasing your influence
This report examines how technology finance personnel’s involvement, or lack thereof, impacts specific metrics and overall financial performance. This report includes 10 charts detailing influence across departments. Examine the disconnect between treasurers and other teams and the economic benefits of bridging it. This provides important insights into how technology companies can strengthen their financial stability by increasing collaboration. Download the report to learn more.
See more: Citi, Featured News, Finance, News, PYMNTS Intelligence, PYMNTS News, PYMNTS Research, Technology, Technology, Treasurer, Treasurer
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