Cash forecasting accuracy is central to treasurer’s capacity to optimise liquidity in a highly volatile macroeconomic environment. Ed Barrie (Treasury4) and Dr Hui Gong (Westminster Business School) examine the most effective approaches to forecasting.
Latest Podcasts from the series
Your Flexible Friend: Developing a Fit-for-Purpose Treasury Policy
The existence of a treasury policy is not a given in every organisation, and neither is a regular update where one is in place. David Mathewson, Regional Director & Treasury Advisor, VUCA Treasury, makes the case for designing and optimising treasury policy in today’s challenging environment.
A Treasurer’s Privilege: My Life in Treasury
In September 2025, John Gilsenan retired from his full-time role as Head of Compliance at investment firm Quilter Cheviot Europe, having forged a great depth of experience in the international financial services industry over his long career. A qualified Chartered Certified Accountant, Chartered Tax Accountant, and Licentiate of the Compliance Officers of Ireland, he spoke […]
Making Tokenised Payments a Treasury Reality
The opportunities and potential for tokenisation to support global liquidity management alongside traditional payments are there for the taking. Lewis Sun, Global Head of Domestic and Emerging Payments, Global Payments Solutions, HSBC, talks to TMI about the options for treasurers.
Essity’s One Treasury Ethos Powers Progress
Through deep integration, automation, and a culture of collaboration, global hygiene and health company Essity has achieved 99% STP and reshaped how it manages risk, payments, and intercompany flows. The outcome is a treasury model ‘that reaches for the stars’ and one that others can learn from.
A Decade in Dialogue: Celebrating 10 Years of Journeys to Treasury
As the Journeys to Treasury (JTT) collaboration marks its 10th anniversary, the project stands not only as a record of evolving treasury priorities but as a reflection of the profession’s ability to learn and adapt – under pressure and often without fanfare. Here, we examine how the JTT report (and now event and podcast series) […]
The Making of Treasury’s Chief Education Officer
Jason Murphy is Co-Founder and Executive Director of Corporate Finance Advisory Group, Centrus. He is also currently the President of the IACT. A Fellow of the Association of Chartered Certified Accountants (ACCA) and a past Chair of ACCA Ireland, with more than 25 years’ investment banking and financial advisory experience. Murphy also lectures on Treasury […]
JTT 2025 – Conclusion – THE PILLARS OF JOURNEYS TO TREASURY
Please see all 12 episodes of JTT 2025 below, in this final chapter we say thanks to the contributors. The strength of Journeys to Treasury (JTT) has always extended beyond the report itself. Its unparalleled value lies in harnessing the collective expertise of four leading institutions—BNP Paribas, PwC, SAP, and EACT—and their global networks of specialists. For […]
JTT – Chapter Twelve – REWIRING TREASURY AT ZOETIS
Twelve years after spinning out from Pfizer, Zoetis has built a lean, centralised treasury that is digitally enabled and strategically engaged. Assistant Treasurer Michel Verholen reflects on the tools and tactics behind the transformation and how visibility, automation, and AI are setting the stage for what is ahead.
JTT – Chapter Ten – RACING THE CLOCK AND WINNING!
Faced with a product recall and €1bn in excess inventory in quick succession, Accell Group’s treasury team found themselves facing a steep uphill climb. Their response: a full pivot from traditional cash pooling to an integrated in-house bank, all of which was designed, constructed, and implemented in record time.
JTT – Chapter Nine – VIRTUAL ACCOUNTS AND THE RACE FOR REAL-TIME LIQUIDITY
Treasurers are intensifying their efforts to achieve instant cash visibility and control. Virtual accounts, APIs, and real-time data offer the potential for faster decision-making and more streamlined operations, as long as integration, regulation, and cultural change are managed carefully.
JTT – Chapter Eight – VERIFICATION OF PAYEE
As the EU prepares to mandate Verification of Payee across the SEPA region, its implications are already under scrutiny. For corporates, the road may be bumpy, but with stronger identifiers, clearer implementation rules, and deeper collaboration, the destination is still within reach.
JTT – Chapter Seven – TACKLING PRACTICAL QUESTIONS IN VERIFICATION OF PAYEE’S ROLLOUT
Corporates are preparing for the EU’s instant payments regulation, but the path to adopting Verification of Payee is proving complex. Treasury teams are exploring practical ways forward while calling for closer collaboration between banks, regulators and technology providers.
JTT – Chapter Six – BANKING ON CHANGE
At Comcast, what began as an ambitious clean-up of legacy accounts has evolved into a multi-year transformation that continues to reshape how treasury operates and how it’s perceived. The treasury team hasn’t just streamlined systems. It has rebuilt trust, unlocked cash, and earned a seat at the strategic table.
JTT – Chapter Five – THE FUTURE OF PAYMENTS
Incoming and outgoing payments are central to a corporate treasurer’s responsibilities because they directly impact liquidity, risk management, and operational efficiency. Today, treasurers face a wave of changes, from instant payments and ISO 20022 to digital currencies and e-invoicing, each of which hasimplications beyond simple regulatory tick-box exercises.
JTT – Chapter Four – TREASURY AUTOMATION IN ACTION AT EVONIK
Evonik’s treasury team has embedded automation at the core of its operations, from near-total payment straight-through processing to real-time liquidity dashboards. With integration, visibility, and control as guiding principles, the team is redefining how digital tools support risk management, compliance, andstrategic decision-making.
JTT – Chapter One – ASSEMBLING THE BUILDING BLOCKS FOR CHANGE
Treasurers are going back to fundamentals, according to the Treasury Survey 2025 from the European Association of Corporate Treasurers. Cash flow forecasting has returned to the top of the agenda, and while digital transformation is a focus, the work begins with systems, data, and skills rather than quick fixes.
Journeys to Treasury 2025 – Introduction
This year marks the tenth edition of Journeys to Treasury, representing a full decade of collaboration, reflection, andforward-looking insights. Since its launch in 2016, the project has charted treasury’s evolution inaspects such as cash pooling and centralisation, as well as the latest trends in automation, ESG, and AI. Over the years, much has changed. But one constant remains: the need for treasurers to master the […]