The EACT Summit, the first of its kind, was a great success with very positive and encouraging feedback from participants.

This short publication summarises some of the sessions that took place during the Summit. As you will see, each session was very distinctive in its tone, format and content, but all of the sessions were characterised by the breadth and depth of discussion and the openness with which people from across 21 countries shared ideas.

I would like to use this opportunity to thank everyone who participated for their enthusiasm, professionalism and engagement, which I hope that this short publication captures.

Jean-Marc Servat, Chair, EACT

EACT Chair Jean-Marc Servat defines the role of the EACT and summarises the inaugural EACT Summit.

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The EACT Summit featured an expert panel who discussed some of the changes in treasury over recent years, and how issues such as digitisation could impact on the role of treasury in the future.

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The World Café sessions at the EACT Summit were an excellent forum for discussion of key issues facing treasurers today, such as regulation and how best to encourage and retain treasury talent.

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The constant pressure on corporations to reduce costs often leads companies to re-assess their cash management and payments processes, and SEPA, the single euro payments area, has led to a particular focus on payment factories.

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Participants at the EACT Summit attended a number of in-depth workshops led by leading treasurers on subjects as diverse as the art of fx risk management, operating in challenging markets and how to create a cash culture. We summarise the findings.

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Following a successful pilot in 2016, SWIFT’s global payments innovation (gpi) initiative is now live with 12 banks already exchanging gpi payments in over 60 corridors - an important milestone in the transformation of cross-border payments.

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Many treasurers are involved in mergers and acquisitions (M&A) in some shape or form, and have experienced the challenges of either carving out or integrating treasuries. During a popular session at the EACT Summit, three senior treasury practitioners shared their contrasting M&A experiences.

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The final session of the EACT Summit featured younger treasury professionals who are already making a major impact on their respective organisations in senior roles, and are amongst those who will shape the treasury function of the future.

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