Journeys To Treasury: a collaboration between BNP Paribas, EACT, PwC and SAP

Journeys To Treasury: a collaboration between BNP Paribas, EACT, PwC and SAP

  • Trends & Vision

BNP Paribas, in collaboration with the European Association of Corporate Treasurers (EACT), PwC and SAP has released the Journeys To Treasury report at EuroFinance Vienna on 13th October 2016.

Journeys To Treasury is a thought leadership initiative whose aim is to help finance professionals resolve some of the intricate puzzles that constitute the treasury of today and tomorrow. It is the result of a conversation between the financial services industry, the systems provider, the consultant and the association of professionals. Keeping in mind the speed of innovations and the effects of the ever-stricter regulatory landscape leading to rapid changes in the world of businesses, the report is a joint analysis of the topics that are most relevant in the world of treasury:

continued innovation;

anytime, anywhere treasury; and

cybercrime and fraud.

Journeys To Treasury offers a pragmatic vision of the present and future of treasury, as seen through the prism of these evolving issues. It is a reference, a roadmap, for corporate treasurers wanting to make their own journey to treasury in this rapidly-changing landscape. Some of the findings of the report are:

  • Fintechs – Before moving into the Fintech space, corporates should consider which treasury processes could be made more efficient.
  • Blockchain - Despite not being likely to achieve critical mass within the next three to five years, corporates are advised to keep a close eye on market initiatives.
  • Big Data - Currently being taken advantage of by a few treasurers who use it from cash flow forecasting to FX, liquidity planning to fraud prevention. Early adopters have experienced tangible improvements in their treasury decision-making processes.
  • 24/7 banking - Treasurers are probably more interested in automated processing than 24/7 access. They are still requesting access to real-time liquidity globally, but this remains elusive due to a number of factors.
  • Real-time payments - Schemes like SWIFTgpi will be significant steps forward for the real-time payment needs of treasurers.
  • Cybercrime and Fraud - The weakest link in fraud prevention is human interaction, and therefore continuing training is key. Treasurers need a bullet-proof security policy and procedures while banks and system vendors can use  Big Data, to detect abnormal behaviour.

For a detailed analysis of these topics ,download your copy of the Journeys To Treasury report: