by Markus Straussfeld, Head of Cash Management International Sales and Alfredo Bresciani, Head of Trade Finance International Sales, UniCredit
Treasury departments stand on the brink of a transformative year. Markus Straussfeld, Head of Cash Management International Sales, and Alfredo Bresciani, Head of Trade Finance International Sales, at UniCredit, discuss how new digital processes are the key to achieving the scalability and risk management required to meet the near-future’s challenges and opportunities.
Western economies finally look set to enjoy a period of sustained growth, and access to emerging markets such as those in Central and Eastern Europe (CEE) will soon be markedly improved as they integrate into the Single Euro Payments Area (SEPA). Slovenia and Slovakia, for example, are already SEPA-compliant, and Croatia is soon to follow. Meanwhile, liberalisation in Asia is turning cash pool structures that optimise liquidity positions across continents – once considered a pipe dream – into reality.
According to Markus Straussfeld, expanding into new markets is the key for companies looking to exploit these opportunities while remaining competitive.