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Post Covid-19: What executives are thinking and doing

Marion Laboure

Luke Templeman

In this episode
Covid-19 disruption to business has reshuffled priorities for CFOs and treasurers. They must address how to: maintain access to liquidity/credit; implement back-up procedures; create visibility to total cash in global locations; determine cash requirements in the short and medium term; and assess current exposures. Astrid Poussel, Global Corporate Coverage, Corporate Bank, joins the conversation.

Post Covid-19: What executives are thinking and doing
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What we discuss
  • Traditional B2B businesses entering B2C and a growing interest in e-commerce. E-commerce has risen by 50% in Europe since March and we expect sustained online volume growth of more than 50% globally in 2021 and 2022. This will trigger the need for innovative collections solutions.
  • A move toward real-time treasuries. CFOs are willing to monitor and be notified about real-time account balances. They believe that instant payments, application programming interfaces (APIs), and open banking will be the technologies/services with the biggest impact on B2B payments over the next two or three years.
  • Usage of cash applications. Automated accounting and reconciliations systems, and e-invoicing technologies are expected to increase.
  • Centralisation of cash management. Treasurers are willing to rationalise bank accounts; between 20% and 50% of treasurers intend to implement virtual accounts this year.

 

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22.1.10