AFP, IBM and Deutsche Bank introduce treasury benchmarking programme

Source: Association for Financial Professionals

Today, the Association for Financial Professionals (AFP) announced a partnership with IBM to develop a comprehensive treasury benchmarking program.

The multi-year project is being underwritten by Deutsche Bank Global Transaction Banking, which will also promote the program through its global network. The first study in the program covering treasury operations will be launched in March 2008.

"Financial professionals have been telling us for years that there are few benchmarks that truly measure the most critical aspects of effective treasury management," said AFP President and CEO Jim Kaitz. "With the combined treasury management expertise of AFP and IBM, along with the financial support of Deutsche Bank, AFP members will soon have access to a valuable resource for optimizing treasury operations."

All corporate financial professionals will be eligible to participate in the study at no cost. Once the study closes, study participants will receive a customized benchmark report that compares their operations with those of their relevant peer group, as well as with all other participants. This benchmark report will allow AFP members to identify opportunities to immediately improve their treasury management. The aggregate results of the initial study will be released publicly and presented at the 2008 AFP Annual Conference in Los Angeles, with a new study launched at each of the next two AFP Annual Conferences.

AFP has partnered with IBM to leverage IBM's extensive experience in both treasury management and financial benchmarking. "Our consultants are actively engaged in projects to maximize the value derived from treasury for the world's most sophisticated organizations," said Robert Eimers, the associate partner for IBM's treasury consulting practice. "Through this collaboration, treasury professionals will gain access to a deep library of benchmarking data from AFP's members, who lead the profession in developing and implementing best-in-class treasury solutions."

Marilyn Spearing, Head of Trade Finance and Cash Management Corporates, Global Transaction Banking, Deutsche Bank, said, "Recognizing that there is intense interest across the industry for comprehensive benchmark data, Deutsche Bank is pleased to support this unparalleled peer group study that will lead to improved treasury operations for our clients and the corporate market in general. By combining the AFP's extensive membership base and IBM's consulting expertise, we will be able to fill the information void. This program will create a new and trusted source of quality research that the corporate marketplace can leverage to take action."

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