Common ground: Why aligning procurement and treasury shrinks financial risk

Teamwork makes the dream work. At the end of the day, a thriving business is one that succeeds in collaboration. However, there are a myriad of challenges in achieving true collaboration.

Let’s take a closer look — in the case of most businesses, getting procurement, finance and treasury teams to work together like a well-oiled machine can reduce financial risk. The challenge is that each of these teams rely on their own set of financial tools and systems to manage risk, often leading to critical gaps in gaining a unified picture. When volatility rises, changes that need to be made snowballs. This creates situations that can negatively impact the bottom line. To attain a true, holistic picture of risk, one needs to account for volatility and information silos. Can a unified approach to managing commodity and treasury risk be the answer?

Leaders in finance, treasury and procurement can benefit from reading this primer. Read this e-book to know:

• The business case for a unified approach to risk
• The cost of a siloed approach to commodity procurement and treasury risk
• The challenges to working in sync
• Benefits of a unified approach to risk