With the aim of being as efficient as possible in its reconciliations, Panini was looking to achieve the same level of detailed information on cross-border collections as it was able to achieve on domestic collections. To help deliver this, Fabrizio Masinelli, Group Treasurer, Panini S.p.A and President of the Italian Association of Corporate Treasurers, turned to long-term banking partner BNP Paribas for a solution – one that would require minimal disruption yet deliver maximum results.
Remember trading World Cup player cards with your friends at school? Or perhaps you were more into Disney movies and collected every single Aladdin sticker for your book? Either way, your pocket money was going to the Panini Group (Panini).
Headquartered in Modena, Italy, Panini is the world leader in the published collectable sector and one of the leading publishers of children’s magazines and books, comics, manga and graphic novels, in both Europe and Latin America. In 2017, the group’s sales exceeded €536m – across more than 120 countries, supported by 12 subsidiaries and with over 1,000 employees worldwide.