Tomorrow's factory requires a new kind of treasurer

Article Abstract:

The wide range of domestic and international competitors and the rapid rate of change in manufacturing technology today are two issues manufacturing companies need to address in order to retain their competitive edge. Treasury managers who take an integrated financial view and who seek new roles within the corporation are needed in order to face these competitive and technological challenges. New roles for the treasury manager include: an understanding of how new technology can improve investments and decision making, the spear heading of a top-down viewpoint in decision making, finding financing for modernization, becoming responsible for scheduling strategic projects and working in close conjunction with top management, and evaluating results.

Management, Manufacturing industry, Manufacturing industries, Innovations, Economic aspects, Manufacturing processes, Manufacturing, Executives, Finance departments

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Micros Gain Foothold in Treasurer's Office

Article Abstract:

Results of surveys by Synergistics Research Corp. and Automated Data Processing (ADP) reveal the extent of microcomputer use by treasury managers. Statistics are given. The surveys show which financial activities tend to be computerized. Other uses are mentioned. The IBM PC dominates the treasury office market. Medium-sized companies use micros more innovatively than larger companies. Charts show computer applications by treasury management and factors considered when deciding to buy a microcomputer.

Computers, Digital computers, Financial management, Microcomputer, Survey, Treasurer

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James Beasley Discusses the Treasurer's Role in a Product Liability Bankruptcy

Article Abstract:

An interview with James Beasley, treasurer of Johns Manville Corporation, reveals the reasons for filing bankruptcy and how the process is conducted. The company's decision to file bankruptcy is a result of toxic torts - the asbestosis claims. Dealing with the banks requires the most time and effort. Profits made after the bankruptcy filing are attributed to the economic recovery. The team approach is used within the treasury organization to make the necessary legal and financial contacts.

Case studies, Product liability, Interview, Products liability, Bankruptcy

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