Treasury departments have boosted their standing in the corporate world during the Covid-19 pandemic by stepping up to provide liquidity, manage risk and help stabilize supply chains since the first quarter of 2020.
This is one conclusion from the latest Journeys to Treasury partnership report, the result of collaboration between BNP Paribas, PwC, SAP and the European Association of Corporate Treasurers (EACT).
Naresh Aggarwal, associate director policy and technical at EACT, notes that treasurers have been involved in high-level strategy conversations around whether or not businesses may be sold or closed down, as well as possible acquisitions.
[Treasurers] have become payment gatekeepers
Naresh Aggarwal, EACT
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