NeuGroup Research Debriefing: Treasury’s 2023 Agenda
NeuGroup’s 2023 Finance & Treasury Agenda Survey on top objectives
According to NeuGroup’s 2023 Finance & Treasury Agenda Survey, treasury’s top objective is managing liquidity to ensure the company has the funds to operate in an uncertain economic environment. Here are the four main takeaways:
A recession is treasury’s #1 risk. 40% of respondents expect a recession to last through the end of 2023, and 20% predict it will continue into 2024.
A bearish view. The Fed’s aggressive rate hikes in 2022 heightened concerns about negative growth this year. Most treasurers expected a prolonged recession – 20% predicted it will last into 2024.
Decision support. Treasuries have struggled to produce accurate cash forecasts. This year, they are determined to improve their analytics and modeling IQ so they can produce valuable insight to support management decisions.
Making difficult tradeoffs. Talent development fell to the #8 spot from #5 last year, and business partnering fell to #4 from #1 in 2022.
