The Treasury Update Podcast Leading Practices in Treasury: Process Mindset
Jun 9, 2025
Paul Galloway, Senior Director of Advisory Services at Strategic Treasurer, shares his insights on optimizing treasury operations. He emphasizes the importance of a process mindset for delivering strategic value and improving efficiency. The discussion covers mastering cash management and its role in supplier relationships, as well as the need for collaboration in enhancing working capital. Galloway also highlights how technology can align with treasury practices to boost organizational performance. This engaging conversation offers actionable strategies for modern treasury operations.
AI Snips
Chapters
Transcript
Episode notes
Holistic Treasury Process View
- Treasury processes must be viewed holistically, not in silos, to achieve organizational goals.
- Understanding impacts on working capital, compliance, and sales is essential for optimal performance.
Use Working Capital Councils
- Establish a Working Capital Council with cross-departmental members to address challenges collaboratively.
- Let the treasurer chair to break silos and create efficiencies beyond system automation.
Align Tech with Processes
- Align technology selection with detailed process understanding and organizational needs.
- Engage cross-functional teams early to boost automation, control, and decision-making success.