We hope you enjoy the June edition of the EACT Newsletter.
As well as articles from member associations, you will find 3 articles from a special edition of Journeys to Treasury. 2020 is the fifth year of the Journeys to Treasury partnership, comprising BNP Paribas, European Association of Corporate Treasurers (EACT), SAP and PwC. We are marking this special alliance with a ‘Journeys to Treasury Bitesize’ series, providing topical insights and support for treasurers as they navigate this challenging period.
Please be sure to follow the EACT LinkedIn page for the very latest member association news and treasury insight.
Jean-Marc Servat
Chair, EACT
in this issue
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200 treasury professionals from across Europe shared their thoughts on treasury’s role and priorities as part of the EACT survey. Although some survey participants responded to the survey before the official lockdown in their respective countries, many companies had already implemented measures such as stopping business travel and moving to home working.
In the fifth article in this special COVID-19 series, Journeys to Treasury partners consider the impact that the combination of constrained liquidity and FX volatility are having on the way that treasurers manage their FX risk.
In the sixth article in the COVID-19 series, we consider how managing working capital is essential to every business under normal conditions, but even more so during a crisis.
The EACT survey conducted in March 2020 illustrated that for over half - 55% - of treasurers, cash flow forecasting will be their top priority over the next 12-24 months, with the same finding surfacing in the two most recent PwC global treasury surveys in 2017 and 2019. At a time of crisis, senior management focus on cash flow forecasts has never been more acute.
Risk management in corporate treasury is more important than ever! It was and is essential to define risk areas and use scenarios to check what effects the current situation could have on the company to be prepared for appropriate measures. Prepared by Verband Deutscher Treasurer e.V. Risk Management-group
For several years, treasury operations have often been framed in the transfer pricing policy. However, during these survival operations, cash requirements increase and exceptional intragroup cash transactions may take place. Here are some tips we give to treasurers to help them avoid falling into funding transfer pricing traps.
This article deals with short-term measures to optimize working capital and liquidity management. The strengthening of the supply chain, a currently important measure for many companies, is illustrated by an example from the retail sector.
As a new chapter is opening for the European Union, with a new European Commission soon in place and a new European Parliament now elected, it is time for some fresh thinking to set up the EU economy for success and competitiveness.
View MoreAs adoption of real-time and other payment types increases across the globe, fraud detection strategies must also evolve. In parallel, the regulatory bodies overseeing payments are adapting their requirements.
View MoreEACT Board Member, Guillermo De La Fuente has been selected as member of the European Banking Authority (EBA)'s Stakeholder Group.
View MoreThis year, we received circa 250 answers from Group Treasurers of the largest international companies across Europe. We are delighted to share the results with you.
View MoreThe Italian association (AITI) are pleased to share a survey on sustainable supply chain finance. All EACT members are invited to take part.
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