June 16, 2012
Cautious Optimism
With Eyes on Europe, Treasurers Talk Tech, M&A and Banking
The sixteenth meeting of the Global Cash and Banking Group dove into trends in technology, standardization, M&A and banking that are affecting treasury everywhere, and updated members on developments in Europe and Asia.
1) Keep up with Technology. Use of technology is increasing globally and can do a lot for treasury. Members shared lessons from SWIFT adoption projects, discussed next-generation treasury solutions and examined Asia as a regional case study.
Key Takeaway: Technology use is increasing globally and can do a lot for treasury. Members shared lessons from SWIFT adoption projects, and discussed next-generation treasury solutions.
2) Covering euro risk. Members heard how SEPA can mitigate risk in a volatile Europe.
Key Takeaway: Europe has a complex political landscape and trouble with sovereign ratings. SEPA can help reduce risk; the migration deadline will also influence corporates’ priorities.
3) Manage your treasury wallet. A look at one how member manages its treasury wallet and global banking relationships.
Key Takeaway: Scorecards are important for making decisions on bank fee efficiency and allocation. However, their laboriousness limits the frequency of reporting.
4) Have an M&A playbook. Two members shared their M&A integration playbooks.
Key Takeaway: Rigorous communication and effective cooperation with key internal groups should be part of treasury’s integration checklist.
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