12 NOVEMBER 2014, Johannesburg, South Africa – Senior treasury and finance professionals in southern Africa expect compliance to be increasingly time consuming in 2015. Almost four out of five (78%) expect to dedicate more time to compliance matters next year compared to this year.
This was the key finding of the 'Treasury Verdict' live audience poll, taken at EuroFinance's 9th annual conference on Treasury, Risk & Cash Management in Southern Africa, held in Johannesburg. The session is sponsored by BNP Paribas.
"Transparency and control are key components for success and it's good to see it rising up the corporate agenda, but it does take time and resources, and it is certainly adding to the treasurers' workload," says Katharine Morton, editorial director at EuroFinance. "Treasurers, in many instances, can start to feel as if they are compliance officers."
Technology is also high on their agenda but the majority of treasury and finance professionals are still not using cloud technology in treasury, with only 30% saying that they are looking into this. However, 59% said that they now have the technological possibility of running their treasury from the beach (for example, remotely), suggesting that corporate treasury is becoming more automated and manageable from off-site locations.