ôFinancial professionals have been telling us for years that there are few benchmarks that truly measure the most critical aspects of effective treasury management,ö says AFP president and CEO, Jim Kaitz. ôWith the combined treasury management expertise of AFP and IBM, along with the financial support of Deutsche Bank, AFP members will soon have access to a valuable resource for optimising treasury operations.ö
All corporate financial professionals will be eligible to participate in the study at no cost. Once the study closes, study participants will receive a customised benchmark report that compares their operations with those of their relevant peer group, as well as with all other participants. This benchmark report will allow AFP members to identify ways of improving their treasury management strategies.
The aggregate results of the initial study will be released publicly and presented at the 2008 AFP Annual Conference in Los Angeles, with a new study launched at each of the next two AFP annual conferences.
ôOur consultants are actively engaged in projects to maximise the value derived from treasury for the worldÆs most sophisticated organisations,ö said Robert Eimers, the associate partner for IBMÆs treasury consulting practice. ôThrough this collaboration, treasury professionals will gain access to a deep library of benchmarking data from AFPÆs members, who lead the profession in developing and implementing best-in-class treasury solutions.ö
Marilyn Spearing, head of trade finance and cash management corporates, at Deutsche Bank, says: ôRecognising that there is intense interest across the industry for comprehensive benchmark data, Deutsche Bank is pleased to support this unparalleled peer group study that will lead to improved treasury operations for our clients and the corporate market in general. By combining AFPÆs extensive membership base and IBMÆs consulting expertise, we will be able to fill the information void. This programme will create a new and trusted source of quality research that the corporate marketplace can use to take action.ö