Journeys to Treasury partnership announces publication of new report

Journeys to Treasury 2018 explores the digital treasury in practice, and how leading treasurers are protecting, empowering and adding value to the business using innovative technologies and banking services.

Now in its third year, the partnership of BNP Paribas, PwC, SAP and the European Association of Corporate Treasurers (EACT) goes from strength to strength with the publication of the latest Journeys to Treasury report. This uniquely collaborative report once again provides expert insights and practical experiences on the key topics that are dominating the treasury agenda today and shaping the treasury of the future.

With so many demands and priorities on treasurers’ agendas, the choice of topics was determined by a careful survey of senior corporate treasurers in connection with the EACT Summit 2018. This survey revealed that optimising liquidity management remains a priority for many treasurers. In particular, new and emerging solutions presenting fresh opportunities to create operational and strategic advantage. Digital technologies remain an enabler of change and competitive advantage. Treasurers are embracing digitalisation in treasury to manage liquidity and risk more effectively. They are also facilitating wider digital strategies across the business through innovative payment and collection models..

Amidst the opportunities to enhance treasury processes and decision-making, and forge stronger business partnerships, treasurers face a range of issues. Although addressing regulatory challenges remains an issue, treasurers are also tasked with understanding, anticipating and responding to global tax reforms that are influencing corporate organisational structures. Every organisation, in every industry and country, also faces the growing scale and prevalence of cyberattacks, with the risk of financial and reputational damage and loss of business continuity. Treasurers’ role in protecting the company’s financial assets places them at the forefront of efforts to tackle and mitigate rapidly mutating cybersecurity risks.

This year’s report shares the findings of in-depth workshops attended by experts from the four Journeys to Treasury partners, complemented by practical insights, case studies and interviews from eleven leading corporate treasurers. The partners comment on the new edition of the report as follows:

“The scale of the challenge – but also opportunity – for corporate treasurers to add value to their organisations in new ways is unprecedented, but it can be difficult to know where to start. The Journeys to Treasury report offers a valuable guide to help treasurers navigate through uncertainty to create clarity and drive transformation.”

[BNP Paribas]

“Much of the educational and thought leadership material available to treasurers presents a single point of view. The value of the Journeys to Treasury collaboration is that it provides multi-faceted perspectives that add richness of insight and acknowledge complexity.”

[EACT]

“Corporate treasury continues to evolve to meet the challenges of international growth, emerging digital innovations and a complex, fast-changing market, regulatory and tax environment. The Journeys to Treasury partnership, and this most recent report, helps treasurers to drive and influence change with confidence, enabling them to ask the right questions, and putting the right tools at their disposal.”

[PwC]

“Opportunities for digitalisation to transform treasury processes and decision-making have never been greater, but the focus needs to be on using new capabilities to deliver value to the enterprise. The Journeys to Treasury report helps treasurers to shape priorities and business cases to leverage new and established technologies to deliver operational and strategic benefit.”

[SAP]

To download a copy of the report, please go to www.journeystotreasury.com. For further information or to arrange interviews with the Journeys to Treasury partners, please contact Apoorva DWIVEDI at apoorva.dwivedi@bnpparibas.com.

Notes for Editors

BNP Paribas

BNP Paribas is a leading global financial services provider and the market leader in Europe. We aim to finance the economy in an ethical manner, to develop and engage our staff responsibly, to be a positive agent for change and to combat climate change.

Present in more than 70 countries, we have more than 190,000 employees and an unrivalled network of over 220 business centres globally. With over 1,700 dedicated transaction banking relationship managers, we accompany our clients in their international growth strategies through a deep understanding of local market and regulatory practices and our rich solutions and services. www.cashmanagement.bnpparibas.com

EACT

The EACT brings together 13,000 treasury professionals through 23 national treasury associations active in 21 countries and 6,500 companies.

Our mission is to be the voice of the corporate treasury community in Europe. We do this by representing the financial professionals of the real economy with European authorities and institutions; by actively promoting dialogue at every level; by encouraging members to develop their competences; by sharing best practices and facilitating high level networking.

www.eact.eu 

PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with more than 236,000 people who are committed to delivering quality in assurance, advisory and tax services.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. SAP applications and services enable more than 388,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably.

SAP offers a comprehensive suite of solutions for treasury management based on SAP S/4HANA which helps businesses gain greater insight and control over processes for managing cash, liquidity, and risk, while integrating financial reporting within one single system. With SAP, you can either go on premise or in the cloud, taking advantage of a scalable cloud platform and ecosystem that easily and quickly integrates SAP applications and 3rd party solutions while supporting new business models and agile growth. For more information, visit www.sap.com/treasury.