Mercury Rising: Taking the Temperature of European Corporate Treasurers

According to this year’s responses to the EACT’s annual pan-European survey, the pandemic has not changed the top priorities of corporate treasurers. Instead, it has crystallised the need for increased digitisation.

The European Association of Corporate Treasurers’ (EACT’s) annual survey reveals the top priorities for treasurers during the year ahead, identifies critical challenges facing the function, and unveils the favoured technological innovations corporates intend to implement.

The EACT Annual Survey 2022 is the Association’s first in a post-Covid-19 world and, as such, reveals whether or not the pandemic has permanently changed treasury priorities. This year’s study was completed by 302 group treasurers from multinational companies across Europe.

Identifying top priorities

The survey began by collating the most significant priorities for treasurers over the next 12 to 24 months. The familiar issue of cash flow forecasting was the critical priority for more than half of the respondents (56%), followed by the digitisation of the treasury function (43%), with both bank relationships (37%) and risk management (37%) emerging as the joint-third most essential priorities. Fraud and cyber risks (34%), working capital management optimisation (29%), treasury organisation and structure (26%), and funding (22%) are also on the radar of many treasurers.

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