Treasury Strategy
Build, Buy or Partner?
A practical framework for deciding where Treasury should develop proprietary capability and where it should use the market.
Build where learning and differentiation compound. Buy where capability is becoming commoditised. Partner where ecosystem integration or specialised capability matters.
The mistake is to treat this as a one-off procurement decision. Capabilities move from differentiating to commodity quickly; the portfolio needs to be revisited.
Continue the thinking
Personal views of the author; not the views of ING Bank or any other institution.