by Neil Ainger, freelance journalist & treasury writer
Knowledge is power. But how can treasurers master the complexity of the global, diverse environments in which they operate? Changing regulations, new technology and a faster economic cycle mean treasurers need knowledge of IT, law, tax, FX and emerging markets, while assistance with change management is often necessary to implement new cash pools. Good advice is essential. Attendees at BNP Paribas’ 8th Cash Management University (CMU) on 29 May in Paris heard about how you can often get it via your bank’s advisory services’ department.
Operational experience, knowledge, being proactive and trustworthy were all cited by Matthias Koch, EMEA Head of Finance at Saint Jude Medical, as desirable qualities in a great advisor. He has found these qualities within BNP Paribas’ implementation service and its team members.
Maria Charskaya, Implementation Project Director at BNP Paribas, has provided technical help, staff communication advice and change management consultancy during the establishment of a new Austrian HQ and EMEA cash pool at St Jude Medical. Together with other team members she was supporting the corporate through its transformation path.