Budapest, October 15, 2014 – Challenged by increasing regulatory requirements and their company´s ambitious growth strategies, 40 percent of European finance professionals are turning towards technology as they don´t see their teams growing over the next three years, according to the “European Association of Corporate Treasurers (EACT) Treasury Benchmarking Survey,” conducted by its technology sponsor Reval, a leading global Software-as-a-Service (SaaS) provider of comprehensive and integrated Treasury and Risk Management (TRM) solutions. More than 300 finance professionals answered the survey this summer.
“The survey Reval conducted among our members provides valuable insights into how European treasurers are stacking up against their peers when it comes to organising their teams and using technology to navigate successfully through today´s disruptive business environment,” says EACT Chairman Richard Raeburn.
The survey shows that 94 percent of treasurers place a high/medium value on treasury technology to help master today´s challenges. “It looks like there is still a gap between what treasurers are expected to do and what executive managers are willing to sponsor, as budget is considered the main roadblock to successfully changing treasury,” says Nigel Sirett, Managing Director EMEA at Reval. “That´s why it is important to choose a technology partner that helps deliver a strong ROI.”
For more details about the “EACT Treasury Benchmarking Survey,” visit Reval at stand L26 at EuroFinance Budapest, 15-17 October.
About the EACT
The EACT is a grouping of 21 national associations representing treasury and finance professionals in 18 countries of the European Union, Switzerland and Russia. Bringing together over 13,000 members employed in more than 6,500 companies, the EACT comments to the European authorities, national governments, regulators and standard-setters on issues faced by treasury and finance professionals across Europe. In addition, the association seeks to encourage the profession of treasury, corporate finance and risk management, promoting the value of treasury skills through best practice and education. For more information, visit www.eact.eu.
For more information, visit www.reval.com or email email@example.com.
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