The ‘Journeys to Treasury’ report has become a landmark piece of research among the corporate treasury community – and the 2019/2020 edition is no different. According to the latest study, the treasury of the future will be almost unrecognisable: core treasury skills and requirements will evolve dramatically, driven by the combination of data and technology that is already transforming the profession in ways we never thought possible.
Cast your mind back to 2015 – the year that ushered in the Paris Climate Change Agreement and saw the Chinese stock market crash for the first time since 2007. Back then, treasurers were starting to get to grips with cloud computing and hearing more and more about real-time treasury, blockchain and artificial intelligence.
Just a few years later, the hype around these treasury trends and technologies is turning into reality, as outlined in the fourth edition of the Journeys to Treasury report – authored by BNP Paribas, PwC, the European Association of Corporate Treasurers (EACT), and SAP, featuring input from leading corporate treasurers (see box).