Today, treasury is no longer perceived as the back office function because it not only manages cash, working capital, risk management, and overall treasury efficiency, it also serves as internal strategic advisors to their C-suite and external stakeholders.
KPIs and metrics help demonstrate to the management the work which treasury is doing, and how the department is contributing towards the company’s margins.
Here’s an Excel Template highlighting 20 must-have KPIs the Treasury Department needs to track specially during economic distress when speed and efficiency are key. The KPIs provide:
1. Cash Insights
2. Investments / Debt Insights
3. Risk Management Insights
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Understanding which KPIs hold the most strategic value for your current boardroom decisions and establishing a seamless process to track those KPIs in real-time, could feel like an impossible feat.
The Technology Experts at HighRadius have experience in helping companies to accurately predict their cash flows to save more than $300K and reduce their interest expense. We could get you started in the same direction.
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The HighRadius™ Treasury Management Applications consist of AI-powered Cash Forecasting Cloud and Cash Management Cloud designed to support treasury teams from companies of all sizes and industries. Delivered as SaaS, our solutions seamlessly integrate with multiple systems including ERPs, TMS, accounting systems, and banks using sFTP or API. They help treasuries around the world achieve end-to-end automation in their forecasting and cash management processes to deliver accurate and insightful results with lesser manual effort.