Treasury best practices have been both forged and accelerated during the pandemic. A recent TMI webinar explored the key themes of the latest Journeys to Treasury report, reflecting on the changing nature of treasury, the digitisation of the function, and how the ecosystem of treasurers, banks and service providers can best work together.
The Journeys to Treasury initiative, powered by a collaboration between BNP Paribas, the European Association of Corporate Treasurers (EACT), PwC and SAP, recently published the sixth edition of its report into treasury practices. The four parties provide perspectives from various angles on the treasury space – bringing in insights from banks and corporates, as well as from the advisory and technology perspectives.
The report also offers practical case studies from corporate treasurers worldwide to demonstrate best-in-class innovation and treasury best practices.
Getting to grips with liquidity
One of the key themes addressed in the 2021-2022 Journeys to Treasury report is global liquidity, which was highlighted as a pressing issue this year by the EACT’s research. Treasurers struggle to keep tabs on their global liquidity and need real-time data to feed into their cash flow forecasting.