Global Treasury Advisory Services
Effective strategies for today’s economic environment
Treasurers must be strategic. Volatile foreign exchange (FX) and commodity markets have caused the profitability of global trade to change. Treasury teams have a CFO mandate to bring its businesses’ FX risk mitigation techniques to win in the market. Whether you’re hedging, navigating global trade and liquidity, or operating in high growth restricted markets, Deloitte Advisory’s Global Treasury Advisory Services can assist you to transform treasury to thrive.
- Strategic business advisor
- OECD—BEPS Action plan
- How we help
- 2016 Global foreign exchange survey
- 2015 Global corporate treasury survey
Treasury as a strategic business advisor
Treasury teams have the opportunity to work closely with their partners in the business to help manage FX risks which are impacting sales, costs, and operating performance globally. Treasury teams are also integral to managing global liquidity and cash repatriation strategies both in good times and financial distress.
To be an effective partner within the business, treasury teams need the right operating models, strategies, approaches, tools, and techniques. And all of these should be tailor-made for their business model and global footprint.
Is your organization ready to respond to Base Erosion and Profit Shifting (BEPS)?
While the Organization for Economic Co-operation and Development’s (OECD) BEPS initiative heralds tectonic changes to the international tax framework, a number of these changes concern treasurers directly. Deloitte can help you navigate this new environment, delivering strategic insight and planning ideas. Melissa Cameron, Deloitte Advisory leader of Deloitte & Touche LLP’s Global Treasury practice, weighs in on what treasurers need to know during a EuroFinance 2015 Treasury Talk.
How Deloitte Advisory’s Global Treasury Advisory Services helps
We work with treasurers, treasury teams, CFOs, and CIOs to help them address key challenges facing treasury organizations by offering deep treasury experience across the entire spectrum of services that a treasury team needs, including:
- Treasury opportunities in global finance transformation
- Operating model
- Global liquidity and cash repatriation
- Cash forecasting
- In-house banking and cash management
- Bank rationalization
- Intercompany netting and settlement
- FX exposure identification and hedge strategies
- Expansion into new markets
- Accounting impacts of treasury transactions
- Treasury fraud and controls
Mergers and acquisitions (M&A)
- Due diligence
- Treasury carve-outs and standing up new treasury departments
- Treasury merger integration
- Treasury technology build and clone
- Treasury systems architecture and strategies
- Treasury systems selection
- Systems integration and configuration
- Project management
2016 Global foreign exchange survey
2016 is expected to exhibit similar levels of foreign exchange uncertainties as 2015, with different expectations around interest rate policies, quantitative easing removals, potential depegging of some currencies and other actions by global economies all driving foreign exchange volatility.
- Treasury challenges—Lack of visibility into FX exposures and reliable forecasts, as well as the manual nature of exposure quantification, is a challenge for nearly 60 percent of respondents. Without accurate measurement, risks cannot be managed effectively.
- The board agenda—According to 37 percent of respondents, boards do not always receive sufficient information in relation to FX risk, which limits the board’s ability to challenge and guide. Treasurers should consider opportunities to communicate key FX risk metrics aligned to wider financial and strategic measures.
- Hedging strategies—Primary hedging strategies (rolling, layering, and flat hedge ratio) vary by industry, but overall hedging strategy objectives are focused on protecting cash and minimizing volatility in income statements.
- Treasury structures—Organizations with centralized models report a higher number of benefits and fewer challenges than those with decentralized models.
- Use of technology—Technology and innovation are recognized as important enablers to achieve efficient and effective FX processes, yet 59 percent of corporations surveyed use two or more information sources to identify exposures and 62 percent rely on manual forecasting processes.
Read the global foreign exchange survey results.
2015 Global corporate treasury survey
More than 100 top corporations from around the globe (representing a wide array of global scales, industrial footprints, and geographic headquarters) participated in this biennial survey.
Key insights from the survey:
- The modern treasury group is strategic, collaborates with the businesses it serves, and is using automation, offshoring, and treasury centers of excellence to consolidate and standardize tactical areas.
- Treasurers clearly have strong mandates from their CFOs to be strategic.
- Fifty percent of treasurers noted their biggest challenges are the ability to repatriate cash and to manage foreign exchange volatility.
- Forty percent of companies remain challenged by visibility into global operations, including cash and financial exposures. Forty percent also cited insufficient technology infrastructure to support their department.
- Treasury departments are growing more comfortable with the use of centers of excellence to support global operations, including the use of in-house banks and shared services centers.
- Emerging trends such as restricted economies, the increased need for foreign jurisdictions and cyber threats are real.
Read the global corporate treasury survey results.
Read a few articles featuring insights from our treasury team:
- Dollar defying forecasts stumps hundreds of companies that hedge
- Treasurers reassess internal structures under BEPS
- How BEPS will affect treasury
- OECD BEPS heralds big changes for tax pros and corporate treasurers
- Tax men cometh: New global corporate tax regime on its way
- BEPS MNC impacts could prove large
- Are you ready for BEPS?
- As foreign currency risk intensifies in Asia, CFOs scramble for solutions
- International Cash & Treasury Management–Watch a replay of this 2015 EuroFinance event
- Dollar’s volatility stumps companies trying to hedge
- Corporate must bridge internal gap to manage FX risks
- Data overload stifling treasurers’ FX visibility
- How is BEPS changing business? Melissa Cameron, Global Treasury leader & Deloitte Advisory principal, weighs in on what treasurers need to know
- Transformation in treasury technology projects
- Treasury leads efforts behind debt Offerings, roadshows–Originally appeared on gtnews.com; requires a free registration to view
- CFOs are tasking treasurers with a new mandate: think strategy
- Treasury's pivot toward the strategic
- Efficiency through treasury automation
- Tearing down cash silos
- The role of treasury in corporate compliance
- Treasury SSCs: More than purely a cost play
- The state of the currency markets: Sharing observations and impacts of recent foreign exchange (FX) volatility–Watch a replay of this February 2015 webinar and download the slides
- Advances & Opportunities in Cash Management–Watch a replay of this April 2015 webinar held with SAP
Our Global Treasury Advisory Services professionals are located around the globe. Please reach out to one of our leaders using the links at the bottom of the page and they will be able to connect you to contacts across these locations. Alternately, you search our US office locations or Global office directory.
- Los Angeles
- New York
- San Francisco
- San Jose
Outside of the US
- Hong Kong
As used in this document, “Deloitte Advisory” means Deloitte & Touche LLP, which provides audit and enterprise risk services; Deloitte Financial Advisory Services LLP, which provides forensic, dispute, and other consulting services; and its affiliate, Deloitte Transactions and Business Analytics LLP, which provides a wide range of advisory and analytics services. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. These entities are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.