Financial policies are an essential tool for any treasury, but many organisations struggle to get the most out of them.
Erik Seifert — Head of Cash Management Sales, Sweden, at Nordea — spent a dozen years in senior treasury roles and has since worked in banking for almost a decade, giving him a unique perspective on treasury issues. We spoke to Erik about his experiences of how to make policies deliver value.
According to Seifert, establishing clear guidelines and standard operating procedures for financial and treasury processes can be rewarding. Doing so serves to clarify the treasury’s mandate and makes it clear who is responsible for what in the organisation, as well as setting a benchmark for best practice within the organisation and driving cost savings and synergies in end-to-end processes.