Funding & Investing

treasurytoday Talking Treasury Forum, Global cash management

As globalisation continues, treasurers are thinking strategically about the way that they manage company cash. This has led them to demand more from their cash management banks as they look to drive efficiencies across their organisations and embrace innovative solutions. In this Talking Treasury Forum, seven leading bankers discuss the latest cash management trends, from virtual accounts to mobile technologies and SEPA.

As globalisation continues, treasurers are thinking strategically about the way that they manage company cash. This has led them to demand more from their cash management banks as they look to drive efficiencies across their organisations and embrace innovative solutions. In this Talking Treasury Forum, seven leading bankers discuss the latest cash management trends, from virtual accounts to mobile technologies and SEPA.

Innovation and collaboration

Participants

Jennifer Boussuge

EMEA Head of International Subsidiary Banking Sales

Tim Fitzpatrick

Head of Payments and Cash Management Europe

Vanessa Manning

EMEA Head, Global Payments Solutions, Global Transaction Solutions

Filipe Simao

Head of Client Advisory Cash Management

Michael Spiegel

Head of Trade Finance and Cash Management Corporates

Mark Tweedie

Managing Director, Global Telecom and EMEA Technology, Media and Telecommunications Head, GTS

Steven Victorin

Managing Director – TS EMEA Regional Sales Executive Treasury Services

Chair

Richard Parkinson

Managing Director
Richard Parkinson (TT): What are the major trends you are seeing in corporate cash management today? Which areas are clients engaging with you on most frequently and why?

Vanessa Manning (RBS): We have been involved in a number of treasury transformation projects this year. Corporates are evaluating the impact of a variety of risk issues, SEPA and XML on their treasury centre projects and have continued focus on operational and standardisation efficiencies which can contribute to the bottom line. As such, major themes have been visibility and efficiency, together with standardisation and simplification in the way that corporates work with their banks, suppliers and customers, as well as internal stakeholders.

In terms of heightened risk awareness, corporates are also focusing on integration and consolidation from a treasury, finance, and enterprise-wide perspective, leaving behind the ‘siloed’ approach to ensure that they are ‘future-proofed’ in as much as possible, against market and partner/supplier uncertainties.

Mark Tweedie (Citi): The two main themes that we are seeing are globalisation and digitisation. There’s a significant emphasis on network delivery for two reasons. Firstly, growth rates in the developed markets have been anaemic and are encouraging corporates to expand in high-growth economies such as China and India where Citi has a long-standing presence and local expertise. Additionally, banking institutions are focused on opportunities with emerging market champions.

Elsewhere, digitisation is playing an increasingly significant role in treasury, with simplification and automation on both the payment processing and receivables side. This means that formats and connectivity channels have come under the spotlight and for clients, technology and global network capabilities have come to the fore.

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