This podcast hears how Merck has been preparing for migration, with Uwe Reinemer, Head of Treasury Technology & Digitalisaton, in conversation with Deutsche Bank’s Kerstin Schoenwitz. She is responsible for managing ISO 20022, Corporate-to-Bank Standardisation & Global Formats.

Key takeaways:

• ISO 20022 is the future of payments, and not just for banks. If corporates fail to implement this messaging standard into their systems, this could disrupt processing of their payments.
• Migration is not just another IT product – but a strategic development. The better data that comes with this delivers significant efficiencies in all aspects of payments and reconciliation.
• External migration and internal migration are very different.
• Proactive planning and enterprise collaboration are vital. If you have started migrating, keep testing and adjusting. And if you have not – get going now!
• Tune into this new episode of the flow InCorporateTreasury Podcast to learn more.

Specialist terms used

.camt. Cash management messages within the ISO 20022 standard. See definitions here

.pain. Payment initiation messages within the ISO 20022 standard

XML. Markup language that can be read by computers and machines

ERP. Enterprise resource planning (system)

TMS. Treasury management system

STP. Straight-through processing

UETR. Unique end-to-end transaction reference (used for payment tracking)

For an accessible transcript of the podcast click here.

Our latest episode of the flow InCorporateTreasury Podcast sees Nicolas Meyer and Marius Kämmerer, Group Treasury at RWE, discuss the key challenges they are facing when it comes to investing surplus cash in the current climate, as well as the instruments they are using. They are joined by Leon Kurz, Director of Investment Solutions EMEA at Deutsche Bank.

As they explain reverse repos, although complicated, have some specific benefits when compared to other instruments such as money market funds or commercial papers. They can be particularly helpful for corporate treasurers seeking to invest surplus cash amid fluctuating interest rates and bouts of market volatility.

Tune into this new episode of the flow InCorporateTreasury Podcast to learn more.

This is why “improving treasury reporting has been in the back of mind since I joined MANN+HUMMEL five years ago”, says Dominik Paschinger, Vice President Group Treasury & Risk Management. MANN+HUMMEL is a family-owned German filtration company which generated a turnover of €4.7bn across its 80 locations globally in 2023. According to Paschinger the current reporting structure based on excel sheets is not ideal: “The process is very manual, and we have access to a lot of data which we never use for reporting purposes.”

Last year, his team then finally had the capacities to put a revamp of the reporting structure on the agenda. “We set down with entire treasury team to develop a target structure for the treasury function in 2030 which we called ‘Shaping a future-proof treasury',” he explains. And one key element of this vision was to define how the treasury reporting should look like.

So how does this vision look like and how far has his team come since then? What kind of information will his team and MANN+HUMMEL’s top management be able to source from these newly built dashboards? And what role does artificial intelligence (AI) play?

Tune into the podcast and get Paschinger’s insights here:

One of the companies that aims to benefit from the country’s immense growth potential is Fuchs SE, an independent global supplier of lubrication solutions that has generated revenues of €3,.5bn in 2023.

“We were able to double our growth in India over the last two to three years by identifying the right market segments here in India,” says Parag Dongare, Managing Director of Fuchs Lubricants India – a 100% subsidiary of the Germany-based Fuchs SE.

Yet, growing the business in India comes with challenges from a treasury point of the view, adds Prathamesh Khedekar, the company’s Chief Financial Officer. “Managing the foreign exchange risks and ensuring compliance with cross-border trade regulations which are very time-demanding tasks.”

How did Fuchs tackle these challenges? Tune into this new episode of the flow InCorporate Treasury podcast and learn more about the story of Fuchs Lubricants India.

Yet, for companies doing business in Brazil there are several challenges when it comes to financing local operations. Jeremy Hamon, Head of Group Finance, CFO, Primetals Technologies Treasury explains, “Brazil is peculiar because of its cross-border currency regulation preventing cash concentration partially with stamp duty for offshore deposits and a high withholding tax on interest income when doing intercompany financing.”

Moreover, adds Hamon, the Brazilian real is a non-transferrable currency which makes hedging for long-term maintenance contracts an “expensive challenge”. Primetals Technologies designs and builds plants for the metals industry and its Brazilian affiliate is a specialist in steel castors maintenance – which means it has long-term contracts with its customers.

In the light of all these challenges, how has Primetals still managed to set up an automated intercompany cross-border loan for its Brazilian affiliate? This comes close to a cash pooling structure with an FX component and therefore fulfills the requirements from the central treasury organisation. Tune into the new flow InCorporate Treasury podcast and learn more.

expenditures are booming in South-East Asia. A company that sits at the sweet

spot of these two trends is Tiket.com, one of the fastest growing online travel

agencies (OTA) in the world with more than 15 million app installations.

Founded in 2011, the Indonesian new economy company now cooperates with 140

airlines and 2.6 million accommodation providers.

Yet, acting as an intermediary between different parties creates multiple challenges

for the treasury function, explains Eddy Putra, Head of Treasury at Tiket.com. Given

the nature of travel, where booking is usually done in advance and settlement

to hotels is done only upon completion of travel, the company is exposed to FX

risks. It also faces multiple recurring cross-border payments to overseas hotels

which led to high fund transfer fees as well as manual processing.

How did the company address these challenges in a workflow automation project with

Deutsche Bank? Tune into the new flow InCorporateTreasury podcast and learn

more about this award-winning solution!

This episode focusses on the Corporate’s perspective, with Maria de la Fuente, Iberdrola; Patrick Kunz, Pecunia Treasury & Finance, Treasury-as-a-service.com and Christof Hofmann, Global Head of Corporate Cash Management at Deutsche Bank

This episode focusses on the Consultant’s perspective, with Craig Jeffery, Strategic Treasurer and Christof Hofmann, Global Head of Corporate Cash Management at Deutsche Bank.

So, what can treasurers do to support direct-to-consumer-models? And how can they ensure that the payment set-up remains efficient and secure in a digital world? In this episode, Group Treasurer Britta Döttger and Head of Treasury Operations, Martin Schlageter, share insights into Roche’s digital payment strategy and how a new project with Deutsche Bank is helping them to stay ahead of the curve.

Tune into the new flow InCorporateTreasury Podcast and learn more!