Journeys to Treasury 2018: The Digital Treasury Becomes a Reality

Now in its third year, the partnership of BNP Paribas, PwC, SAP and the European Association of Corporate Treasurers (EACT) goes from strength to strength with the publication of the latest Journeys to Treasury report. This uniquely collaborative report once again provides expert insights and practical experiences on the key topics that are dominating the treasury agenda today and shaping the treasury of the future.

With so many demands and priorities on treasurers’ agendas, the choice of topics was determined by a careful survey of senior corporate treasurers in connection with the EACT Summit 2018. This survey revealed that optimising liquidity management remains a priority for many treasurers. In particular, new and emerging solutions presenting fresh opportunities to create operational and strategic advantage. Digital technologies remain an enabler of change and competitive advantage. Treasurers are embracing digitalisation to manage liquidity and risk more effectively. They are also facilitating wider digital strategies across the business through innovative payment and collection models.

Amidst the opportunities to enhance treasury processes and decision-making, and forge stronger business partnerships, treasurers face a range of issues. Although addressing regulatory challenges remains an issue, treasurers are also tasked with understanding, anticipating and responding to global tax reforms that are influencing corporate organisational structures. Every organisation, in every industry and country, also faces the growing scale and prevalence of cyberattacks, with the risk of financial and reputational damage and loss of business continuity. Treasurers’ role in protecting the company’s financial assets places them at the forefront of efforts to tackle and mitigate rapidly mutating cybersecurity risks.

This year’s report shares the findings of in-depth workshops attended by experts from the four Journeys to Treasury partners, complemented by practical insights, case studies and interviews from eleven leading corporate treasurers. The partners comment on the new edition of the report as follows:

“The scale of the challenge – but also opportunity – for corporate treasurers to add value to their organisations in new ways is unprecedented, but it can be difficult to know where to start. The Journeys to Treasury report offers a valuable guide to help treasurers navigate through uncertainty to create clarity and drive transformation.”
[BNP Paribas]

“Much of the educational and thought leadership material available to treasurers presents a single point of view. The value of the Journeys to Treasury collaboration is that it provides multi-faceted perspectives that add richness of insight and acknowledge complexity.”
[EACT]

“Corporate treasury continues to evolve to meet the challenges of international growth, emerging digital innovations and a complex, fast-changing market, regulatory and tax environment. The Journeys to Treasury partnership, and this most recent report, helps treasurers to drive and influence change with confidence, enabling them to ask the right questions, and putting the right tools at their disposal.”
[PwC]

“Opportunities for digitalisation to transform treasury processes and decision-making have never been greater, but the focus needs to be on using new capabilities to deliver value to the enterprise. The Journeys to Treasury report helps treasurers to shape priorities and business cases to leverage new and established technologies to deliver operational and strategic benefit.”
[SAP]

To download a copy of the report, please go to the Journeys to Treasury website.