This lesson covers the tools and techniques for analysing and improving treasury performance . The ACT Diploma syllabus requires candidates to “assess a range of tools and techniques to analyse and improve treasury performance in support of organisational objectives” .

4.1. Tools and Techniques for Performance Analysis

Treasury managers must apply various tools and techniques to analyse treasury performance:

  • Treasury Management Systems (TMS): Leveraging technology to automate and optimise treasury processes .

  • Benchmarking: Comparing treasury performance against industry standards .

  • Key Performance Indicators (KPIs): Setting and monitoring SMART objectives and KPIs .

  • Data Management: Using knowledge and data management to improve decision-making .

4.2. Performance Improvement Strategies

Treasury managers must identify opportunities for improvement:

  • Process Automation: Automating manual processes to improve efficiency and accuracy .

  • Technology Application: Evaluating and implementing new technologies to enhance treasury performance .

  • Continuous Improvement: Applying stretch and a commitment to continuous improvement .

  • Innovation: Identifying opportunities for the application of innovation within treasury .

4.3. Quality, Cost, and Time Management

The syllabus includes “organisation and attention to detail” and “effective time management” as core personal attributes . Treasury managers must manage quality, cost, and time in treasury operations to support organisational objectives.

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