By Jorg Konrath, Head of Sales, Cash Management, Germany, BNP Paribas
With growth rates in Germany continuing to strengthen, corporations headquartered or operating in Germany are optimistic about the prospects ahead. At the same time, global economic and political volatility and, closer to home, the UK’s intention to exit the European Union creates challenges and uncertainties. In an environment in which confidence is balanced with caution, what are corporate treasurers’ priorities, and how are they equipping their organisation for the challenges and opportunities ahead?
Centralisation: a compelling proposition
Centralisation has been a priority for large corporations for a number of years, particularly in areas such as liquidity management, risk management and bank relationships. This continues to be the case, but the opportunities and benefits for a broader range of organisations are becoming more compelling, particularly in areas such as regulation, fraud and cybersecurity, and managing bank risk and relationships. While these issues are significant for large corporations, they are equally important for mid-cap (Mittelstand) corporations.