The rapid pace of growth across industries, including aviation, and related regulation have left too many companies lagging behind on carrying out even the most fundamental treasury functions, such as cash management, banking, debt and funding, investments, and risk management for currencies and interest rates. Such shortcomings are only amplified as companies expand into new markets, often lacking an operating model and infrastructure to support their activities, portfolios and risks. "Be it an operational task or strategic, treasury is a vital function not only of the finance department, but also of the company as a whole," explains Joey Johnsen, Zeevo chief executive officer. "And, while some companies carry out treasury tasks within their accounting or financial planning and analysis teams, other companies have a fully implemented treasury team operation, with an established treasurer role."
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