BNP Paribas, EACT, PWC AND SAP join forces to help corporate treasurers design their own journey to treasury - BNP Paribas United Kingdom
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October 13, 2016 - , ,

BNP Paribas, EACT, PWC AND SAP join forces to help corporate treasurers design their own journey to treasury

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London, 13 October 2016

BNP Paribas, EACT, PWC AND SAP join forces to help corporate treasurers design their own journey to treasury

BNP Paribas, the European Association of Corporate Treasurers (EACT), PwC and SAP are launching ‘Journeys to Treasury’ (JTT), a cutting-edge report also available on line that is designed to help professional treasurers build their own journey to the future of treasury.

The first edition of JTT addresses three key topics for corporate treasurers: continued innovation; ‘anytime, anywhere treasury’; and cybercrime and fraud. Diving deeper into the report, game changers like blockchain, fintechs, immediate payments and big data will bring together the joint insights of the bank, the industry association, the consultant and the software vendor.

Presented for the first time at EuroFinance Vienna 2016 on 13th October, JTT is a collaborative, multi-faceted initiative that will be conducted on a yearly basis. Building on the strength of the four-partner alliance, it is aimed at corporate treasurers and financial decision makers, and its objective is to provide expert insights into the world of corporate financial strategy and treasury.

Four senior executives are behind the initiative: Jean-François Denis, deputy head of cash management for BNP Paribas, Jean-Marc Servat, chairman of the EACT, Damien McMahon, senior partner at PwC and Christian Mnich, senior director treasury and risk management at SAP. “Virtually every article in the press says blockchain, fintech, big data. JTT aims to distinguish the myth from reality and provides a 360° view that is not the usual consensus, but something thought provoking,” explains Damien McMahon from PwC.

Journeys to Treasury bases itself upon the understanding and knowledge of today’s treasury challenges as well as the ability to anticipate the impact of transforming trends. What makes it truly different is first of all an unprecedented partnership based on trust, as EACT chairman Jean-Marc Servat comments: “The four partners have a long-standing relationship, there is a lot of mutual respect and we see Journeys to Treasury as a long-term collaborative initiative”.

Additionally, JTT’s content is everything but the usual mainstream messages around the fundamentals of treasury and the game changers of the moment. JTT content is based on ongoing conversations between experts from different horizons on topics that have been identified as priorities by corporate treasurers; some are current and ongoing challenges (like cyberthreat and fraud), while others are perceived as key disruptors (like artificial intelligence). In between, there are also industry initiatives that are reshaping the environment, like eBAM.

In the words of Jean-François Denis, deputy head of cash management for BNP Paribas: “Journeys to Treasury is not a traditional report, but more like the minutes of a dialogue between experts from different industries with complementary viewpoints on treasury”. Adds Christian Mnich, senior director treasury and risk management at SAP “JTT is a unique kind of whitepaper that aims to provide an end-to-end view of what is going on in treasury”.

While discussing how fintech players contribute to innovation and how a collaborative approach with banks and corporates is the key to success, the report imagines the potential of blockchain not only within the financial sphere, but also beyond, such as for smart contracts, for example. JTT also addresses the role of big data in forecasting and payments, and provides corporate examples of how it is currently used. Also focusing on 24/7 and mobile treasury, JTT sheds light on real-time payments and analyses the true benefits they bring to corporates, while addressing industry-driven initiatives such as SWIFT gpi within the ‘anytime, anywhere treasury’ section.

Finally, JTT discusses the present and future of a major and shared concern for corporates: cybercrime and fraud. In the face of ever more sophisticated cyberattacks, companies are becoming increasingly aware of the fact that it is not if they will be attacked, but when. As instant and mobile payments increase the risk, Journeys to Treasury wonders if technology alone has the power to curb future threats.

The full version of Journeys to Treasury 2016 can be downloaded from here.


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About BNP Paribas
BNP Paribas ( is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNP Paribas Corporate and Institutional Banking
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) ( is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.

About BNP Paribas Cash Management
BNP Paribas provides cash management services to more than 40,000 corporate clients around the world. Through its local presence on all continents, BNP Paribas is able to accompany corporates across the world. Our community of 2,500 experienced, committed Cash Management professionals operate across BNP Paribas’ international network, in 208 business centres in 55 countries, covering more than 130 currencies. BNP Paribas has been designated No. 1 Trade Finance Bank and No. 1 Cash Management Bank in the European large corporate sector, in the latest Greenwich Associates research.

About The EACT
The EACT (European Association of Corporate Treasurers) is a grouping of national associations representing treasury and finance professionals in 20 countries in Europe, bringing together around 13,000 members representing 6,500 groups/companies. The association submits comments to the European authorities, national governments, regulators and standard-setters on issues faced by treasury and finance professionals across Europe. EACT seeks to support the profession of treasury, corporate finance and risk management, promoting the value of treasury skills through best practice and education.

About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see our website for further details.

About SAP
As the market leader in enterprise application software, SAP is at the centre of today’s business and technology revolution. SAP has a comprehensive suite of solutions for treasury management which helps businesses gain greater insight and control over complex processes for managing cash, liquidity, and risk, while integrating financial reporting within SAP software. By simplifying working capital, risk management, and compliance, treasury managers can gain complete transparency into and control over interrelated activities, and automate critical processes. SAP innovations help 320,000 customers worldwide to work together more efficiently and use business insight more effectively. For more information, click here.

For further information, please contact:

BNP Paribas Cash Management
Carole Djen-Ullmo
Global Head of communication and marketing
Mob : +32 471 59 07 12

Richard Cordero
Chief operating officer
Mob: +33 6 72 49 23 20

Uwe Erdtmann
Director, Global Product Marketing Finance
Mob: +49 151 16809955
Damien McMahon
Partner, PwC Belgium
Mob: +32 473 910609