What are the best practices for integrating treasury analytics and reporting across different business units?

1 Align objectives and metrics

One of the first steps to integrate treasury analytics and reporting is to align the objectives and metrics of the different business units. This means defining a common vision, strategy, and framework for treasury management, and ensuring that all units follow the same standards, policies, and procedures. It also means establishing consistent and relevant key performance indicators (KPIs) and key risk indicators (KRI) that reflect the organization's goals and priorities. By aligning objectives and metrics, you can create a shared understanding and accountability for treasury performance and risk management across the business.

2 Consolidate data and systems

Another key step to integrate treasury analytics and reporting is to consolidate the data and systems that support them. This means centralizing and standardizing the data sources, formats, and quality that feed into the treasury analysis and reporting processes. It also means integrating and streamlining the systems, platforms, and tools that enable the treasury functions, such as enterprise resource planning (ERP), treasury management system (TMS), or business intelligence (BI) software. By consolidating data and systems, you can improve the accuracy, timeliness, and completeness of treasury information and reduce the complexity and cost of treasury operations.

3 Automate and optimize processes

A third important step to integrate treasury analytics and reporting is to automate and optimize the processes that generate them. This means leveraging technology, such as artificial intelligence (AI), machine learning (ML), or robotic process automation (RPA), to automate repetitive, manual, or complex tasks, such as data collection, validation, reconciliation, or calculation. It also means optimizing the workflows, controls, and governance that govern the treasury analysis and reporting processes, such as defining roles, responsibilities, approvals, and audits. By automating and optimizing processes, you can enhance the efficiency, reliability, and scalability of treasury functions and free up time and resources for value-added activities.

4 Customize and communicate outputs

A final critical step to integrate treasury analytics and reporting is to customize and communicate the outputs that result from them. This means tailoring the content, format, and frequency of the treasury reports and dashboards to suit the needs and preferences of the different stakeholders, such as senior management, board members, regulators, or investors. It also means communicating the insights, recommendations, and actions that emerge from the treasury analysis and reporting processes, such as highlighting trends, risks, opportunities, or best practices. By customizing and communicating outputs, you can increase the relevance, clarity, and impact of treasury information and foster collaboration and decision-making across the business.

5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?