In today’s fast-paced business environment, transparency isn't just a buzzword—it's a necessity, especially when it comes to cash management and treasury operations. The consequences of opaque processes in these areas can be catastrophic, leading to significant financial losses and undermining stakeholder confidence.
Inaccurate Cash Forecasting
A study by PwC found that companies with fragmented cash management systems often overestimate their liquidity by as much as 20%. This inaccuracy leads to cash shortages, impacting the ability to meet financial obligations and causing missed opportunities for investment.
Fraud and Mismanagement
According to the Association of Certified Fraud Examiners (ACFE), organizations with weak transparency controls are twice as likely to experience fraud. The 2022 ACFE report noted that the average loss due to occupational fraud was $1.7 million per case, with financial statement fraud being the costliest.
Inefficient Operations
Research by McKinsey & Company shows that companies with transparent cash management processes are 35% more efficient in managing working capital. This efficiency translates into better cash flow management, reduced borrowing costs, and increased profitability.
Brisken provides the tools and expertise to ensure your organization achieves full transparency in cash management and treasury operations, safeguarding your financial future.
Contact us today to ensure transparency in your Cash Management and Treasury processes!
