As corporate treasury departments continue to grow and become more complex, so too will their reliance on treasury services providers.

Boston, MA, February 2, 2009–A new report from Aite Group, LLC examines the evolution of corporate treasury departments in large U.S. companies. It discusses the staffing, banking needs, bank treasury services spending and product usage of 35 treasury departments at large U.S.-based companies surveyed by Aite Group. The report also explores the reasons behind which treasury groups select banking partners and what implications these factors hold for the treasury management industry at large.

The role of the corporate treasurer has been evolving for the better part of the last decade. What was once primarily a cash management function has slowly established itself at the heart of nearly every important financial decision companies make. Today, treasury is tasked with understanding financial systems and markets around the globe to support the local, regional and global strategy of their organization. This includes establishing banking relationships, setting up regional financial centers and being able to quickly identify and mobilize liquidity as needed.

As the role of treasury groups continues to grow, staffs are stretched increasingly thin. Products and services from banking and treasury technology providers are increasingly important, as they assist in automating manual processes and increase the visibility of global treasury information.

"Large corporate treasury groups face myriad challenges, including limited staffing, increasing responsibility, multiple banking relationships, and a greater strategic role in the success of their organization," says Judson Murchie, analyst with Aite Group and author of this report. "Opportunities abound for banks and technology solution providers to assist. Providers need to focus on solutions that empower treasury to spend more time on strategic elements of treasury management and reduce time spent on task-focused responsibilities and manual processes."

This 30-page Impact Report contains 15 figures and two tables. Clients of Aite Group's Wholesale Banking service can download the report by clicking on the icon to the right.

Related Aite Group Research:

• Business Dimensions of Top Global Banks' Trade Finance
• Integrating Trade Finance and Cash Management: A Middle-Market Winner
• Bank-Offered Treasury Workstations: The Time Is Now
• Traditional Trade Finance for U.S. and Canadian Middle-Market Companies

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Aite Group Sales
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