Striving for the summits of treasury with BNP Paribas – EACT – PwC – SAP
Following the success of the 2016 report, Journeys To Treasury 2017 continues its thought leadership initiative with authoritative coverage of three hot issues at the top of treasury agendas.
Journeys To Treasury (JTT) is a thought initiative which aims to help finance professionals resolve some of the intricate puzzles that constitute the world of treasury, today and tomorrow.
The report builds on the continuing conversation and long-standing relationship between four major players in the industry: BNP Paribas, EACT (European Association of Corporate Treasurers), PwC and SAP. It offers a pragmatic vision of treasury, present and future, seen through the prism of evolving issues.
This second JTT report presents insights from a survey taken by 100 treasurers during the first 2017 EACT Summit, expert panel discussions and one-to-one interviews.
Big Data is about exploiting the large amount of data generated by a company to help it take better decisions and develop more effective business strategies.
Often associated with artificial intelligence (AI) and machine learning, it’s often considered complex and expensive to set up. But tools already exist: FX and daily investment decision tools are good examples. A change of mind-set seems to be the current main blocking factor.
When new rules, such as the EU’s GDPR (General Data Protection Regulation), come into force, you either comply or you pay the price. Treasurers need to work more and more closely with colleagues, whether tax or data protection experts, to limit exposure to risks.
Focus on substance and transparency is key.
Cybercrime and fraud were already top of treasurers’ mind in our previous edition of JTT as a company-wide concern. The weakest link in an organisation is often the staff.
What does it take to decrease the risk of cyber threats? What are the immediate actions required in case of fraud? While communication and training are key, other initiatives should be foreseen.
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