Gothenburg, 11 December 2008 – European Treasurers’ Peer Group, an initiative which brings together Corporate Treasurers to discuss key industry issues, has today launched treasurybenchmark.com, a benchmark targeted at corporate treasurers and sponsored by NFS Group, a treasury management consultancy.
Treasurybenchmark.com is a single location allowing treasuries to complete a treasury benchmark survey and compare their capabilities with their peers. Peers will be encouraged to invite other treasury professionals to take the survey and results will provide treasurers with a mapping of themselves against Best-in-Class. Unlike normal one-off surveys, Treasury Benchmark enables corporate treasury departments to measure themselves anonymously against other relevant treasury departments globally overtime.
Magnus Lind, Chair European Treasurers’ Peer Group (ETPG) and Managing Partner NFS Group, comments: “treasurybenchmark.com has been a natural progression from the work that we have been doing with the ETPG. The peer groups allow treasurers to discuss issues affecting their business in a confidential environment. Reports are delivered following the meetings which are held twice a year and now we add benchmarking as a tool to structure our combined knowledge and from our experience this is what treasury departments want – they want to be able to compare themselves against the treasuries of the other companies. This process will enable us to more precisely identify areas where we can add most value.”