Eleanor Hill
Editor, Treasury Management International (TMI)
Articles
Cutting-Edge Cash Management
Philip Panaino (Standard Chartered Bank) shares his insights on contemporary cash management innovations – and how to deploy them to greatest effect.
Inside Save the Children International’s Rapid Response Treasury
Visibility and efficiency improvements around several treasury processes has ratcheted up Save the Children’s global crisis response several notches.
Building an In-House Bank
With robust planning, a clear phased approach, and some suitable technology, creating an In-house Bank can be easier than you may think.
Goodbye Goldilocks: Navigating through the Recession to Happily Ever After
While 2022 opened up a new period of economic uncertainty and instability, there is still light at the end of the tunnel.
Saving the Planet and Boosting Profits
How Treasury can Support ESG in the Supply Chain An organisation’s commitment to ESG – environmental, social, and governance – must go beyond lip service, extending into real behavioural and cultural changes...
Key Takeaways: A Treasurer’s Checklist
These checklists distil short-term investment insights into critical action points and key learnings for every treasury team.
The Art of Co-creating and Co-ideating
Highlights from BNP Paribas’ European Treasury Board The key to success in the delivery of both strategic and operational treasury systems is having access to the open and honest views of stakeholders. BNP...
PepsiCo’s $1.25bn Green Bond Adds Extra Fizz to the ESG Market
In mid-July 2022, worldwide food and beverage giant PepsiCo announced the closing of a new $1.25bn 10-year green bond – its second such venture in the past three years. TMI caught up with Anna Palazij, Vice...
Checking Out the Future of Shopping
Treasurers can lay the groundwork for the future of shopping – by building agile and modern payments infrastructure – and help their business to gain a competitive edge.
Diversity and Teamwork
Building Treasury Relationships The merger in 2016 that formed leading global advisory, broking, and solutions company WTW cultivated an environment of constant change for the firm’s treasury. In a recent TMI...
New Heights for Bank and Technology Innovation
Showcasing the 2021 Award Winners The nominations for TMI’s 2021 Awards for Innovation and Excellence were not only more numerous than ever, but also pushed the boundaries of corporate treasury development...
Trade Winds: Six Ways Treasurers Can Harness Supply Chain Disruptors
Since the start of the Covid-19 pandemic, there has been huge disruption to established supply chains. Treasurers must now consider everything from increased commodity risk to new FX requirements and growing ESG...
Evolving Treasury
Expectations of the treasurer have never been higher. We share insights around transforming the treasury department into a future-fit centre of value creation.
Special FX: Taming Foreign Currency Risks Through Automation and Innovation
Two experts from NatWest share the inside track on how treasurers can better manage FX risks by shaking up legacy processes and old-fashioned thinking.
How Etihad Covered all Three ESG Elements in One Sustainability-Linked Financing
Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.
Bats at the Ready! - Navigating Treasury Curve Balls in 2022
Expecting the unexpected is de rigueur these days. So, we asked Peter Cunningham, Managing Director, Head of Corporate and Public Sector Sales, EMEA, Citi, to stand in left field, gaze into his crystal ball, and give us his predictions for the challenges and opportunities...
Predicting the Future - 5 Treasury Megatrends for 2022
The past 24 months have been anything but predictable. Yet, beneath the Covid umbrella, the world continues to turn, and progress marches on – especially in the area of transaction banking. But how can treasurers assess the latest industry innovations and sort genuine...
My Life in Treasury: Diane S. Reyes
The Long Goodbye On the cusp of retirement, Diane S. Reyes, Group General Manager and Head of Global Liquidity and Cash Management, HSBC, reflects fondl...
Electrifying Your Treasury Team: Autos Embrace the Power of Digital
Supply chain disruptions. Electric vehicle demand. Computer chip shortages. Infrastructure deficits. The auto sector is facing a host of challenges right now, but it is also the poster child for digital transformation, especially in treasury. Here, two experts from...
A New Treasury Ecosystem: Leveraging the Evolution of Transaction Banking
Treasury is not an island; it is influenced and supported by the ecosystem that surrounds it. Transaction banks play a pivotal role within this network – and they are continually innovating to enable treasurers to leverage industry developments such as...
An Open Invitation to Treasury Efficiency
Practical Use Cases for Open Banking While it remains something of a mystery to many corporate treasurers, open banking is much more than a collection of acronyms and regulatory endeavours. In fact, it is the basis of an evolving financial ecos...
Roadmap to ESG in 2025
A Turning Point for Treasury For environmental, social and governance (ESG) initiatives to become part of the day-to-day activities of the business community, it will take continued strong leadership and guidance. In the final instalment of this three-part series, Bank...
Transactional FX: Maximising Efficiencies and Unlocking Cash Management Opportunities
As the speed of global commerce increases, and the desire for transparency across all areas of business intensifies, more treasury teams are discovering the benefits of automating their transactional foreign exchange (FX) workflows. In this article, two senior leaders...
Big Game Hunting
Highlighting the latest cyber traps to avoid and outlining how treasury departments can shore up their digital defences in the face of increasing cyber-attacks.
Adding Corporate Value through ESG
Practical Treasury Applications Environmental, social, and corporate governance (ESG) is rapidly becoming a cornerstone of modern business – and a driver of value creation. In the second of this three-part series, experts drawn from Bank of America’s trade,...
It’s Now or Never: Keeping Pace with Real-Time Payments
Treasurers in business-to-business (B2B) sectors can no longer write off real-time payments as ‘only fit for consumer industries’. Value limits are increasing and usage is trending upwards [1] [2]. What’s more, innovation is bringing added value – ranging from...
Treasury in 2030
5 Practical Steps for Preparing Ahead No-one knows precisely what the future holds, but a successful digital treasury team must be able to adjust quickly to the evolving ecosystem – and be able to scale at speed. In this article, four industry experts outline their...
Treasury KPIs for ESG and D&I: Time to Get Serious
Environmental, social and governance (ESG) initiatives are now a boardroom priority – and an increasingly important part of the treasurer’s strategic remit. Nevertheless, only a quarter of treasury departments currently have key performance indicators relating to ESG. Helen Kelly, Head of Europe, Barcla...
Smashing Banking Boundaries and Building Tech Bridges in Europe
From answering a Barclays recruitment advert in a music magazine some 30 years ago, Helen Kelly’s successful career with the bank has now seen her appointed as Managing Director, Head of Europe for Barclays Corporate Banking. Here she reflects on her professional...
How to Ace Digital Treasury
Lessons from Consumer Goods and Retail Leaders Digitisation is prompting major changes across industries and companies, economies, and societies. Businesses must respond to new business models, disruption by new entrants, and the emergence of virtual infrastructures...
Adding Value with Veterans
From enlisting in the Australian Army straight out of high school, to now being Vice President in the Wholesale Payments group at J.P. Morgan, via offshore oil and gas drilling, Andrew Smith’s career trajectory has given him diverse and valuable insights to deploy in...
Taking Digital Treasury to the Next Level: A No-Nonsense Guide
Introduction Conor MaherHead of Transaction Banking Products, NatWest Moving beyond the Covid catalyst For many corporate treasurers, 2020 was a crash course in digital transformation. As companies adjusted to global lockdown and remote working as a result of the...
Why ESG is the Future of Business - and Treasury
With ‘sustainability’ being today’s buzzword, there has never been a better time to clear up the misconceptions about environmental, social and governance (ESG) measures, not least among the treasury community. In the first of a three-part series on this...
Instant Reactions: the Value of Currency Management Automation
With risk, cost and process inefficiencies multiplied by complexity, spreadsheet-based currency management has surely had its day. But what added value does currency management automation software bring to the table? In this roundtable discussion, three industry...
Open Your Eyes to the Benefits of Open Banking
An untapped opportunity is a rare prize in the corporate treasury community, but open banking offers this potential. By leveraging the digital infrastructure that open banking creates, corporates can harness real-time data, benefit from new ways to pay and collect...
How Etihad Enhanced its Financial Controls using Microsoft AI
Etihad Airways has successfully deployed Artificial Intelligence (AI) to identify erroneous payments to suppliers. In turn, this has saved the finance team precious time by reducing false positives, while correctly identifying payment anomalies that could have been...
Bridgestone Deploys Sustainable Supply Chain Finance with External Ratings
By linking pricing to independently verified sustainability criteria, treasurers can use supply chain finance (SCF) as a way to promote environmental, social and governance goals both internally and throughout their supplier networks. Here, Julle Pedersen, Treasury...
Pandemic Powerhouses
TMI Corporate Recognition Award Winners 2020 In one of the toughest years for treasury in the past decade, treasury teams stepped up their innovation projects and rolled out digital best practices at speed. Here, we celebrate their successes. What a year 2020 was. As...
Introducing the Winners
Banks and Vendors Take Treasury to New Heights Bank Awards Where better to start this celebration of innovation and excellence than with the Global Bank of the Year for Cash And Liquidity Manageme...
Celebrating a Sustainable Future
Treasury4Good Awards 2020 Despite the global pandemic, sustainability and diversity and inclusion (D&I) have remained key areas of engagement for corporate treasurers and their relationship banks. Here, we celebrate those organisations putting environmental, social...
Running an Award-Winning Treasury… From Home
When Hitachi Capital UK’s treasury team planned the implementation of a host of new business continuity processes and digital treasury tools, Covid-19 was unheard of. Fast forward to March 2020 when lockdown began in the UK, and the five-strong team was well-prepared...
Leveraging Agile Treasury Technology to Deliver on Galls’ International Ambition
Rapid growth is a nice challenge to have. Nevertheless, Kendall Weissmueller, Corporate Controller, Galls, knew that the company’s finance team needed to upgrade its treasury technology to better support the organisation’s billion-dollar growth plans. Bottomline...
Increasing Treasury’s Strategic Bandwidth: An Integrated Workflow for Forecasting and Investing
An innovative integration between its cash automation platform and money market investment portal has given Bandwidth Inc. the benefits of a truly straight-through data workflow. Scott Taylor, Treasurer at the enterprise cloud communications company, explains how this...
E-Commerce and Strong Customer Authentication: Is Your Treasury Ready?
As corporations pivot towards digital business models to help weather the Covid-19 pandemic, regulation continues to shape the European payments industry. Treasurers must prepare for the changes that Strong Customer...
Innovation: Delivering Real Value in New Ways
J.P. Morgan, through its partnership with TMI’s Innovation Lab, is demonstrating that it both understands the importance of embracing innovation in the treasury space and of maximising its real value. Tammy Petro, the bank’s Global Lead for Wholesale Payments...
Finding a Cure for Cash
By adopting an innovative physical cash pooling solution Aspen Pharmacare, in partnership with BNP Paribas, has unleashed a host of improvements – from interest cost savings to simplifying the reconciliations process. Here’s how the teams achieved this joint...
TMS vs TMS: Let Battle Commence
In many ways, Covid-19 has been the ultimate test for treasury teams and their technology. With the spotlight firmly on treasury management systems (TMSs), treasurers are asking whether they have the best tech for the job – in a remote-working environment where...
My Life in Treasury: Richard Cordero
From a planned career in accountancy to committed treasury professional, via wine tasting and art appreciation, Richard Cordero’s life has been full of rich experiences. As he steps into retirement, will he stand still? Absolutely not, there’s far too much to see...
Innovation as Usual: A New Era in Payments
The world of payments has never been so exciting. Digital payments are gaining significant traction and smart innovation is gathering pace. In the 24/7/365 world of commerce, treasurers have an opportunity to leverage these developments to help their organisation gain...
Dynamic Customer Finance: Supply Chain Support for the Covid-19 Age
Amid the pressures of a global pandemic – and the rise of sustainable finance – Jan-Martin Nufer, Vice President Treasury & Funding, Borealis, has collaborated with working capital giant C2FO to create a dynamic customer financing solution to supplement their...
Running a Virtual Treasury: Get Yourself Connected
Remote working has quickly become the norm for many treasurers across the globe. But are treasury departments operating optimally in a virtual world? BELLIN’s Michael Juen, Chief Customer Officer, and Michael Bach, Head of Consulting & Implementation, explain how...
Speed and Agility: A New Forecasting Regime in Days
Joyson Safety Systems switched from an existing Excel-based forecasting tool to a much more efficient web-based solution, but the project was set against a very tight deadline. Here’s how Britta Baier, Director EMEA Corporate Finance & Treasury, and her team,...
Lowering the Barrier for Effective Cash Forecasting: A Next Generation Solution
Pushing the boundaries of treasury technology, Cashforce is launching a brand-new cash flow forecasting platform, set to be released by end of Q1 2021. Nicolas Christiaen, the company’s CEO and Co-Founder, explains how this next generation solution will enable...
In-House Banks: The Secret to a Speedy Corporate Recovery?
As treasurers look to improve their departments’ resilience to help withstand future crises, in-house banks (IHBs) are back in the spotlight. TMI speaks to four industry experts to understand how IHBs can help restore profitability and reduce risks. We also examine...
Instant Gratification: The Rise of the On-Demand TMS
As digitisation accelerates and organisations rethink their technology requirements as a result of Covid-19, treasurers are questioning whether their treasury management systems (TMSs) are still fit for purpose. Anis Rahal, Founder and CEO, TreasuryXpress, explains how...
Central & Eastern Europe’s Digital Treasury Revolution
Treasury organisations and finance shared service centres in Central & Eastern Europe are changing – robots are taking over many of the manual tasks once performed by humans. At the same time, Big Data and predictive analytics are becoming more commonplace....
Reaching the Next Level of Treasury Digitisation
Corporates all over the world have had to react quickly to the challenges posed by the Covid-19 pandemic. In a practical sense, this has meant seamlessly switching to remote working and virtual treasury operations. The digitisation journey that treasurers have been on...
Data-Driven Treasury: Future-Proofing Your European Flows
As businesses across Europe accelerate their digital transformations, savvy corporate treasurers have a unique opportunity to secure enriched data insights, says Daniela Eder, Head of Payments & Cash Management Europe, Barclays. In turn, this could enable treasury...
Supply Chains of the Future: Recovery-Proof Solutions
The Covid-19 pandemic has highlighted the fragility of supply chains across the globe. TMI speaks to five industry experts to understand how treasurers can help shore up supply chains right now – with quick-to-implement solutions, ranging from dynamic discounting to...
FX Hedging: Is Your Strategy Still Fit For Purpose?
Managing currency-related risks is a growing concern for many corporates, given significant foreign exchange (FX) volatility. Nevertheless, an optimal hedging strategy should always be tailored around the business, rather than the market, says Toni Rami, Co-founder and...
A Treasurer’s Survival Guide: Moving Past Covid-19
With the coronavirus pandemic impacting economies, businesses and individuals, TMI asks what treasurers can do to help their organisation weather the storm. In this no-nonsense guide, we take a pragmatic look at best practice during times of crisis, ranging from...
The Ultimate Short-Term Investment Stress Test: Lessons From Covid-19
Treasurers were finding it hard enough to know where to invest their short-term cash before the pandemic hit. Now, the pressure is even greater. TMI speaks to five industry experts to discover how treasury professionals are responding to the financial impacts of...
Planning for Treasury Tomorrow
In such a rapidly evolving business environment, treasurers must ensure that they are not only meeting the needs of their organisations today but also preparing for the future. This involves questioning the status quo and upgrading everything from systems to treasury...
Spot the Difference: Isn’t Every TMS the Same?
The financial turbulence resulting from the Covid-19 pandemic has emphasised the importance of a good treasury management system (TMS). And achieving data visibility at the touch of a button has helped treasurers to act strategically throughout these challenging times....
Treasury APIs: Banking on a New Connectivity Ecosystem
Claiming the ‘Best Bank Connectivity’ accolade in TMI’s 2019 Awards for Innovation and Excellence, John Laurens, Group Head of Global Transaction Services at DBS, discusses the forces reshaping corporate to bank connectivity. He also explains how to achieve...
The Future of Cash Management
These are interesting times for cash management. Traditional business models, for clients and their partner banks, are evolving, with digitalisation a core driver. This is occurring at a time when macroeconomic factors, including the effects of the continuously...
Step Away from the Edge: Facing the KYC Cliff
With the average global treasury team reportedly spending more than one day each week dealing with know your customer (KYC) requirements, compliance remains a significant pain point for treasurers worldwide. What progress is being made to help treasurers – and their...
From 2020 to 2030: Future-Proofing Treasury for the Decade Ahead
Companies worldwide face an environment of change – ranging from new trade dynamics to evolving business models on the back of digitisation. Ron Chakravarti, Global Head of the Treasury Advisory Group, Citi, explains how corporate treasurers can stay ahead of the...
The Truth About Treasury and Artificial Intelligence
It’s been a hot topic for almost every treasurer over the past year, but – hype aside – what is the true value of artificial intelligence (AI) within treasury? Nikolai Diekert, Director Product Management at leading TMS provider BELLIN, explores the concrete use...
Putting Innovation into Practice: Trade Finance for the 2020s
While many aspects of trade finance have remained unchanged for centuries, at the start of a new decade a variety of drivers are offering the tantalising possibility of redefining the sector. Eleanor Hill, Editor, recently caught up with Jean-François Denis, Global...
Co-Creating a Digital Treasury: Myth vs Reality
Many discussions around treasury technology focus on the leading-edge developments made by a handful of highly sophisticated treasury functions. Meanwhile, the majority of treasury departments are struggling just to achieve the basics. Could co-creation between banks...
Through the Portal: Opening the Door to Process Efficiencies at Drax
Drax’s Treasury and Corporate Finance team needed a new money market fund (MMF) portal solution to improve their control environment, streamline their workflow and automate their manual processes. Here, Lisa Dukes, Deputy Group Treasurer, Drax, outlines the benefits...
Changing the Rules of the Game: A New Dawn for FX Risk Management
From micro-hedging to leveraging data analytics, technology is radically changing the way treasurers manage foreign exchange (FX) risk. Philippe Gelis, CEO and Co-Founder, Kantox, discusses the true value of automating FX hedging, explains the role of analytics in...
People in Focus: Guillermo De La Fuente
Guillermo De La Fuente, Senior Treasury and Risk Manager, SITA, and EACT Representative for the Swiss Treasury Association, ACTSR Guillermo De La FuenteSenior Treasury and Risk Manager, SITA, and EACT Representative for the Swiss Treasury Association, ACTSR Guillermo...
Here Come the Winners... 2019 Awards for Innovation & Excellence
Digital disruption was one of the key drivers of treasury innovation in 2019. As this year’s Award winners demonstrate, banks, technology vendors and fintechs have leveraged digital innovation to move the corporate treasury profession forward – delivering...
Rewriting the Treasury Rulebook in Europe
Deutsche Bank has consistently differentiated itself from other transaction banks by driving industry initiatives and new client solutions. In 2019, the bank helped corporate treasurers to embrace real-time treasury operations and worked with industry bodies towards...
The Power of ONE: Building Treasury's Digital North Star
Created from a triple merger, Ocean Network Express (ONE) had just nine months to digitise, streamline and automate treasury processes. Here, Toshiaki Ichida, General Manager, Treasury, ONE, is joined by Ziad Kabbara, Global Sector Head, Transportation, Aviation and...
Empowering Treasurers to Navigate a Changing World
Empowering Treasurers to Navigate a Changing World By Eleanor Hill, Editor The pace and scale of change in cash management is unprecedented. As such, treasurers need a banking partner who can deliver on the fundamentals while developing innovative solutions to keep...
MMFs are Turning Green: ESG Innovation at DWS
DWS is already known as a world-class asset manager of money market funds (MMFs). Now, the firm is leading the way in bringing environmental, social and governance (ESG) criteria into money market strategies – making it a worthy winner of TMI’s 2019 Award for Best...
A Dynamic Partnership: Bank-Fintech Collaboration Improves FX Risk Management
For the treasury community, one of the hallmarks of 2019 was the growing collaboration between fintechs and banks. Nowhere is this more evident than in the partnership that Kantox and BNP Paribas have forged, helping treasurers to improve their foreign exchange (FX)...
Know Your Vendor: Fighting Fraud the Smart Way
Detecting and preventing fraud is a growing concern for treasurers, especially as operations become increasingly digital and payments are being made in real time. BELLIN has launched a new Vendor Verification tool to help treasurers to stay one step ahead of the...
Going Above and Beyond: Treasury Technology Pioneers
By Eleanor Hill, Editor There is a big difference between simply using technology and leveraging it to the fullest extent. FIS, a global leader in financial services technology, with a focus on treasury and risk management, payments and credit and collections, has been...
Changing the Rules: Redefining MMF Workflows at Drax
Turn the clock back to 2018 and manually transferring money market fund trade data between systems was taking up too much of Drax’s treasury team’s valuable time. Fast forward to today and straight-through processing of data has been achieved thanks to an exemplary...
Leveraging Technology to Climb Treasury Mountains
Gaining global insight into and control over treasury operations is a pipe dream for many treasurers. But two of Kyriba’s clients – Royal FrieslandCampina and Ingersoll Rand – have leveraged the vendor’s cloud offering to transform their workflows to overcome...
Taking Care of Business with an On-Demand TMS
Embarking on a treasury transformation project to improve payments and reconciliation while providing greater cash visibility, Avalon Health Care Group chose TreasuryXpress as its new TMS partner for this journey. The implementation has yielded huge efficiency benefits...
Petrofac: From PDFs and Excel to Treasury Disruptor
Thanks to a long-term partnership with with ION’s Treasury Reval, the treasury function at energy services company Petrofac has undergone a radical pivot – from PDFs and Excel to embracing artificial intelligence and robotic process automation. Now, the company’s...
Raising the Bar: Corporate Recognition Awards
By Eleanor Hill, Editor Year-on-year, the standard of entries to TMI’s Corporate Recognition Awards increases, taking the corporate treasury profession to new heights. The following overview of projects undertaken by corporates over the last 12 months provides a mere...
Sharing Trade Secrets: Effective FX Risk Management in 2020
As the C-suite continues to seek to understand the potential impact of foreign exchange (FX) volatility on earnings, executives are increasingly looking to the treasurer to limit the negative effects of FX risk on the business. How, then, can treasurers revamp their...
China’s Onshore Bond Market: Managing Credit Risk
China is now home to the world’s second largest bond market – an interesting potential source of yield and diversification for both global and local investors. With growing opportunities in Chinese fixed income markets, however, comes greater risk. Proper due...
A Man with a Mission: Putting $43tr. in Trapped Cash to Work
Perched on the edge of a conference table, wearing anything but a suit, Sandy Kemper, founder of C2FO, is unlike any C-suite executive I’ve interviewed before. But then again, you have to be an ‘out of the box’ thinker to create the world’s first working...
Diversity and Inclusion: the Need for Courageous Integrity
Companies across the globe are striving for a more caring and responsible relationship with employees and the communities in which they operate. But are they doing enough to make sure that diverse hires thrive within the organisation? And that employees from...
Robotic Treasury: Seizing Digital Transformation in ASEAN
HSBC’s recent Global Liquidity and Cash Management Forum held in Singapore captured the spirit of digital change that is sweeping through businesses, governments, and treasury in the ASEAN region. Panellists: Mukesh...
EuroFinance 2019: De-Stressing Treasury
Back in Copenhagen again, this year’s EuroFinance International saw a record 2,200 delegates come together to discuss some of the hottest treasury themes of the moment – from digital treasury transformation to real-time payments and sustainability. Industry experts...
Driving Success: Taking the Lead in Real-Time Payments and Collections
In the real-time era, treasury is well positioned to influence a company’s payment and collection strategies, including evaluating the costs, risks and opportunities of accepting different payment methods, potentially helping to drive new, competitive business...
Thriving in the 2020 Treasury Ecosystem
As we enter a new decade, treasurers must learn how to juggle their traditional responsibilities alongside the new reality of disrupted business models and game-changing technologies, says Steve Elms, EMEA Region Sales Head, Corporate and Public Sector, Treasury and...
Turning up the Heat: Treasury Transformation in Mexico
Mexico is now seen as a regional and global fintech hub with high growth potential. As the country embraces digital innovation, especially in the financial sector, treasury management is also poised to make a leap forward. Mexico now boasts one of the strongest fintech...
Who Cares Wins: Leading the Sustainable Charge
Who Cares Wins: Leading the Sustainable Charge By Eleanor Hill, Editor, TMI Lance Kawaguchi Managing Director, Global Head – Corporates, Global Liquidity and Cash Management, HSBC You could be forgiven for thinking that Lance T. Kawaguchi, Managing Director,...
Treasury in 2025: Will You Be at the Cutting Edge?
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...
Solving Treasury Pain Points Through Co-creation
Despite huge advances in technology, treasurers are still grappling with fundamental issues in their everyday workflows. Buzzwords alone are not enough to solve challenges such as painful account opening processes or the growing risk of payments fraud. This is why BNP...
Robo Treasury: Positives and Pitfalls
Robotic process automation has the potential to be a powerful tool for treasurers – especially those looking for new ways to garner efficiency gains. What’s more, as a relatively easy-to-deploy technology, RPA can deliver significant value in a short timeframe. But...
Hitting the Sweet Spot: Macro Uncertainty and the Ultra-Short Solution
In the current uncertain macro environment, it is tempting for treasurers to hunker down in their short-term investment comfort zone, namely money market funds (MMFs). Nevertheless, if they are prepared to step out into an ultra-short-duration strategy, investors can...
People in Focus: Nicolas Moreau
Nicolas Moreau has been appointed CEO of HSBC Global Asset Management, succeeding Sri Chandrasekharan who is moving to another senior role within the HSBC Group after seven years in the post. Nicolas was most recently CEO of DWS, a leading European Asset Management...
Data Driven Treasury: Time to Take the Quantum Leap
There’s something delicious about an exclusive interview – especially when it involves Ole Matthiessen, Global Head of Cash Management, Deutsche Bank, candidly discussing the eyebrow-raising results of the bank’s latest corporate treasury survey. This year’s...
Getting Real about Diversity & Inclusion in Treasury
A recent roundtable discussion hosted by TMI saw five industry experts debate the best way to move the needle on diversity and inclusion in treasury. The freewheeling conversation looked at everything from new tactics for ensuring suppliers – including banks – meet...
Breaking Boundaries: Smart and Sustainable Supply Chain Finance
In an increasingly accountable business environment, corporates are looking for new ways to support their suppliers to adhere to sustainable and ethical standards. Alongside creative supply chain finance (SCF) solutions, treasurers are analysing how emerging...
Electrifying Cash Management: Africa’s Digital Journey
Sparks are flying across the treasury landscape in Africa as digital cash management and e-payments become the order of the day. Dushen Thathiah, Head, Cash Management for Transactional Products & Services, Standard Bank, explains why API-driven ‘integrated’...
People in Focus: Javier Pérez-Tasso
Javier Pérez-Tasso has been appointed Chief Executive Officer of SWIFT. A member of the SWIFT Executive team for the past seven years, he served as Chief Executive Americas & UK region before taking up his appointment on 1 July 2019 to succeed Gottfried...
Houston, We Have a Solution: Cheniere Flips the Treasury Script
Over the last 18 months, Cheniere’s treasury landscape has changed beyond recognition. As Brook Ballard, Treasury Manager, Cheniere Energy, Inc., David Andrada, Global Sector Head and Steven Smith, Regional Sector Head for Natural Resources & Utilities (NRU),...
Taking the SWIFT Route to Treasury Automation
One of Australia’s largest listed companies, Wesfarmers was looking for a way to automate its confirmations and payments, notably those relating to foreign exchange (FX) deals. Seeking a solution that would integrate seamlessly with its treasury management system...
Leading by Example: Almoayyed International’s Digitisation and Automation of Treasury Department
A diverse conglomerate, with more than 30 operating business units across the GCC, Almoayyed International Group (AIG) is constantly exploring avenues to improve finance and treasury processes through digitisation and automation. Here, Ajay Jain, CFO, AIG, outlines the...
Leapfrogging into the Digital Age: Smarter Treasury in MENA
Looking from the outside in, the Middle East and North Africa (MENA) region still conjures up numerous business stereotypes – from entirely paper-based payment workflows to over-dependence on oil as a driver of economic growth. On the ground, however, these...
Fighting Cybercrime in the UAE: Building a Treasury Game Plan
Do you know who to call if your ERP is hacked? How will you make payments if treasury systems are disabled? Is cyber insurance the best form of risk mitigation? These questions and more were answered during a recent roundtable discussion hosted by Abu Dhabi Commercial...
Money Market Fund Makeover Innovation in Short-Term Investments
The doom-mongering around money market fund regulation has now stopped. Instead, talk has moved on to low interest rates, credit quality, digital investment channels, and the rise of environmental, social and governance investment criteria. Treasurers are also...
Trading Up: Ringing the Changes in Trade Finance
These are heady days for the trade finance industry. An area of business that has gone largely unchanged for centuries, new technologies and market participants are now altering the face of trade finance – posing fresh challenges but also opening up a range of...
People in Focus: José-Carlos Cuevas
José-Carlos is Vice President of the Asociación Española de Financieros y Tesoreros de Empresa (ASSET) and Member of the Board of the European Association of Corporate Treasurers (EACT) and of IGTA, the International Group of Treasury Associations. Together these...
Treasury as a Force for Good
Corporate social responsibility and diversity and inclusion are growing parts of the treasurer’s remit. TMI’s recent Treasury4Good Awards highlighted some of the innovative projects taking place in this space, stimulated debate on building a sustainable and...
Unlocking Africa: Treasury Holds the Key
Africa is a continent of vast opportunity. But leveraging the African success story requires genuine insight into the disruptive trends that are helping to shape Africa’s transformation. A recent Citi roundtable highlighted how treasury is evolving on both sides of...
People in Focus: John Gilsenan, Irish Association of Corporate Treasurers
John Gilsenan is the new Irish Association of Corporate Treasurers (IACT) representative in the European Association of Corporate Treasurers (EACT), succeeding Lorcan Travers. IACT, established in 1987, is a not-for-profit organisation with a current...
Shoring up Treasury’s Cyber Defences: 9 Smart Steps
Did you know that paying a ransom to a cybercriminal, even if you do so in Bitcoin, could lead to a sanctions’ violation? That’s right, treasurers now have even more to think about – and get involved in – when...
Mining for Data Gold: Enhancing Reconciliations at Panini
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...
SWIFT gpi: Life in the Fast Lane
By now, most treasurers will have heard of SWIFT gpi – the solution that is speeding up cross-border payments and delivering track and trace capabilities. But not all treasurers have grasped the game-changing potential of gpi, or that it isn’t just for treasury...
Building Bridges to the Data Prize
The world over, treasurers are seeking improved visibility and control over their data. After all, data is the lifeblood that drives corporate treasury success. Martin Bellin, Founder and CEO, BELLIN, believes that having a tool capable of aggregating that data “has...
A Silver Lining for RFPs
After scooping the “Best Portal Technology Solution” accolade in TMI’s 2018 Awards for Innovation and Excellence, John Laurens, Group Head of Global Transaction Services at DBS, explains how the bank’s cutting-edge cash management simulation platform, DBS...
Making Sustainability the New Normal: TMI’s Treasury4Good Awards
TMI’s Treasury4Good Awards We are delighted to introduce the winners of our inaugural Treasury4Good Awards, which recognise the growing importance of Corporate Social Responsibility (CSR), Environmental, Social & Governance (ESG) and Diversity & Inclusion...
People in Focus: Andrej Revay
President, The Slovak Association of Finance and Treasury (Slovenská asociácia podnikových finančníkov – SAF) The Slovak Association of Finance and Treasury (SAF) was established in 1996 as the first CEE treasury association. The initial driver for...
The Return of Returns: Cash is Back
Central banks across the globe have varying approaches to monetary policy, but the general direction of travel, until recently, had been the same: one of tightening. When the shape of the yield curve changes, treasurers must be prepared to respond. Jim Fuell, Head of...
Taking Treasury to the Next Level - Corporate Recognition Awards 2018
It genuinely gets tougher every year to judge TMI’s Corporate Recognition Awards. Not only did we receive a record number of entries in 2018, but the standard was higher than ever. For the first time, the judges have chosen highly commended projects in certain...
Treasury in CEE - Exploring the Digital Frontier
The European Association of Corporate Treasurers (EACT) recently teamed up with TMI for the 2018 CEE Conference in Budapest – covering a whole spectrum of treasury topics for the region, from FX to geopolitical risk. One of the key plenary sessions explored...
Hitting the Bullseye - Centralising Global Liquidity at FAAC Group
Specialising in providing pedestrian and vehicle access automation systems, FAAC Group has operations and customers all over the world. As a result of this global footprint and legacy banking arrangements, the group’s cash management landscape was fragmented. Here,...
Payments Painkiller - Tackling Compliance Headaches
Now more than ever, treasurers need to take action to reduce the risks around payments – especially when it comes to sanctions compliance. Here, Joerg Wiemer, CEO, Treasury Intelligence Solutions (TIS) GmbH explains how centralising sanctions screening, and...
Introducing the Winners - 2018 Awards for Innovation and Excellence
Against a backdrop of continual change – from disruptive technologies to new regulations and geopolitical challenges – transaction banks and treasury vendors continue to innovate on behalf of their clients. As this year’s high-quality submissions demonstrate,...
Thinking Outside the Box - Building a Global Multi-Currency Liquidity Management Backbone
Thinking Outside the Box – Building a Global Multi-Currency Liquidity Management Backbone By Eleanor Hill, Editor With over $150m flowing into Ingram Micro subsidiaries across the world on a daily basis, having centralised visibility and control...
Treasury Mantra 2019 – Flexibility Conquers Instability
Treasury Mantra 2019 – Flexibility Conquers Instability By Eleanor Hill, Editor Treasurers face exciting new challenges as we head into 2019, says Steve Elms, EMEA Region Sales Head, Corporate and Public Sector, Treasury and Trade Solutions, Citi. As...
Demystifying Digital Treasury - Lessons from the UAE
Knowing which technology innovations to invest in now, and which to put on the back burner, is a challenge for any treasurer. But it is particularly difficult for those operating in the United Arab Emirates (UAE), where the real-time digital infrastructure is still...
Preparing Treasury for the Future: Key Takeaways from EuroFinance Geneva
No-one wants to re-live every moment of a conference (especially not the after party). So, here is TMI’s take on the top themes coming out of this year’s EuroFinance International Cash Management conference, held in Geneva from 26-28 September, without the...
Africa: A Continent of Opportunities
In this interview, CJ Giddy, International CEO, Absa Securities UK Limited, a part of the Absa Group, one of Africa’s largest financial services groups, talks to Eleanor Hill, Editor, TMI, about the growth of the African economy, its position in the global...
Multilateral Netting Reloaded
Multilateral netting is one of the most underestimated ways to optimise intercompany payments and group performance. In this Executive Interview, Eleanor Hill, Editor, asks Martin Bellin, Founder and CEO of the BELLIN Group, to explain why multilateral netting deserves...
Navigating the New Liquidity Landscape: Putting Cash in Its Place
From money market fund (MMF) reform to new technologies, the way in which treasurers manage liquidity is evolving – or rather, it should be. Here, TMI examines some of the key changes happening in the liquidity landscape across Europe, the US and Asia. Industry...
Vive la Révolution: Shaking Up Payments and Cash Management
Driven by technological and regulatory change, the payments landscape is currently a hotbed of innovation. Deborah Mur, Head of Global Liquidity and Cash Management, HSBC France, highlights some of the latest developments – including a recent collaboration between...
Integrating Cash and Risk: A Next Generation TMS
In April 2018, TMS vendor GTreasury acquired Visual Risk, a leading risk management and treasury software company based in Australia. The goal of the acquisition is nothing less than to create the most comprehensive TMS in the market. Eleanor Hill, Editor, TMI, catches...
The Future of Treasury Is Now – Are You Ready?
Everyone loves a sneak preview, and here Michael Spiegel, Head of Cash Management, Deutsche Bank, gives Eleanor Hill, Editor, TMI, an exclusive peek at the results of one of the hottest treasury surveys going. Read on to discover what your peers really think about the...
Short-term Investments: Making Sense of the Shake-up
As the implementation date for the new European Money Market Fund (MMF) rules approaches, it is time to cut through the noise around the new regulation, says Kerrie Mitchener-Nissen, Head of Product Development, International, Global Liquidity, J.P. Morgan Asset...
Levelling Up: The Digital Future of Transaction Banking
Treasurers the world over rely on their transaction banks to provide robust services that cater to their daily financial needs – but the space has long been seen as somewhat ‘vanilla’. Now, however, technological developments and solution-driven innovations are...
Time to Get Up to Speed with Instant Payments
Believe it or not, real-time payments are already changing the face of treasury. They offer an opportunity to rethink legacy payments, collections and liquidity management processes, glean valuable data, and add strategic value to the business. Instant payments are...
Controlling the Spin: Honeywell Creates New Treasury Set-Ups for Standalone Businesses
In October 2017, Honeywell International announced its intention to spin off its Homes product portfolio and ADI global distribution business, as well as its Transportation Systems business, Turbo, into two standalone, publicly-traded companies. Here, members of...
When Will CSR Become BAU for Treasurers?
More and more treasurers are getting involved in CSR (corporate social responsibility) initiatives. Not only financing them but also embedding them into treasury processes and spearheading departmental sustainability projects. Nevertheless, CSR is not yet considered...
Goodbye Hanse Orga, Hello Serrala
As of today, 5 June 2018, Hanse Orga Group has become ‘Serrala’ – a new brand for a technology-driven world, but one that still embodies the core values that clients know and expect, says Sven Lindemann, CEO, Hanse Orga Group. As well as rebranding, the company...
A No-Nonsense Guide to Treasury APIs
Almost every industry conference now carries a mention of application programming interfaces (APIs), but they are far from just another fad. In this era of open banking, APIs are offering treasurers new ways of working, moving away from batch processing into a...
Fighting Cybercrime and Fraud: A Treasury Imperative
As instant payments grow, digital commerce spreads, and artificial intelligence rises, staying a step ahead of the cybercriminals is increasingly tough. But with access to highly sensitive data, and as guardians of the company’s cash, treasurers can no longer hide...
Is Dynamic Discounting Worth a Second Look?
Whenever a vendor labels a solution as a ‘win-win’, treasurers naturally become suspicious. The hackles go up and the brain shuts down. In some cases, though, this well-worn phrase is entirely applicable. Eleanor Hill, Editor, TMI, investigates whether dynamic...
How Are Technology Trends Affecting Corporate Treasury in 2018?
As the possibilities of real-time treasury become clear and the era of open banking begins, TMI’s Editor, Eleanor Hill, interviews Lothar Meenen, Global Head of Corporate Cash Management Sales at Deutsche Bank, to discuss how treasury departments will need to...
Agenda 2018: What’s Keeping Treasurers Awake at Night?
It’s that time of year when a crystal ball would be incredibly useful. As we navigate through the first quarter of 2018, Eleanor Hill, Editor, asks five leading treasurers what is top of their ‘to do’ lists for the year ahead – and discovers what pitfalls they...
