Following a period of acquisitions, DPDHL Group embarked on a process to centralise, standardise and automate treasury activities, including establishing an in-house bank. As part of its Strategy 2020, group treasury’s aim was to become the preferred banking partner for all its entities.
One of the biggest challenges facing treasurers is that managing FX risk is only one element of their role and as such, they need to balance the time and resource required to manage FX alongside other key responsibilities such as cash management and funding.
UK corporates are looking beyond Western Europe for growth, with the CEE region attracting particular attention. Moving from traditional trade finance instruments to digital tools such as the Bank Payment Obligation (BPO) can help mitigate the risks in these markets.