Corporate Treasury
Summary of the Podcast
What is a Corporate Treasurer?
- Jen explains that a corporate treasurer is responsible for managing the financial risk of a business.
- The treasurer focuses on handling cash forecasting, debt, and foreign exchange.
- In a way, they act as an in-house bank.
- But she’s not a bank. She just tales on the tasks that would otherwise be outsourced to banks.
Challenges of Working with Banks
- Graham and Jen discuss the difficulties of working with banks.
- Banks can overcomplicate processes and make it hard for businesses to understand the full costs.
- Jen emphasises the importance of having trusted banking partners though.
- But above all, she forges relationships with people who can explain things clearly.
Jen’s Background
- Jen told us how she decided to leave her corporate job and start Treasury Edge.
- Her focus is to provide treasury services to startups and scale-ups.
- She discusses the challenges of going out on her own.
- One thing that is clear to her now, is she has had to develop new skills beyond just treasury expertise.
Advice for Early Stage Companies
- Graham and Jen discuss the critical importance of effective cash management, especially for early-stage companies.
- Jen sets up sustainable treasury processes to mitigate risks like bank failures or payment disruptions.
Clips from the Podcast
What is a Corporate Treasurer?
It’s Who You Know
An Example of Treasury with FX Hedging
Talking About Start-Up and Scale Ups
Treasurers of Tomorrow
Why Focus on Young Companies?
Testimonial from Jen Pearson
The Next 100 Days Podcast Co-Hosts
Graham Arrowsmith
Graham is “The High Net Worth Data Guy” who founded Finely Fettled to help business owners and marketers market to affluent and high-net-worth customers. Now get all-inclusive affluent direct mail campaigns combining A lister copy, design, print and postage for £599+vat, without the DIY hassle. Find Graham on LinkedIn.
Kevin Appleby
Kevin specialises in finance transformation and implementing business change. He’s the COO of GrowCFO, which provides both community and CPD-accredited training designed to grow the next generation of finance leaders. You can find Kevin on LinkedIn and at kevinappleby.com