13 NOVEMBER 2014, São Paulo, Brazil – Almost two-thirds of senior treasury and finance professionals in Brazil said they expect their cash visibility to improve in 2015. Sixty-three per cent of the treasury professionals answered 'yes' to the question 'Will your cash visibility improve in 2015?'
These were the key findings of the 'Treasury Verdict' live audience poll, taken at EuroFinance's 8th annual conference on International Treasury, Cash and Risk Management in Brazil, held in São Paulo, Brazil. The session is sponsored by BNP Paribas.
Also, 65% of the treasury voters expect to spend more time on compliance in 2015, even though only one-quarter (26%) said their treasury department’s resources will be measurably bigger in 2015 than 2014.
"It’s interesting to see companies in Brazil are expecting to have better sight of their cash, even though treasury resources aren’t likely to improve next year ," says Katharine Morton, Editorial Director at EuroFinance. "Companies are really mining down into improving their technology and forecasting skills in what they believe could be challenging economic times”.