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#DTRS – Successful start to the KPMG Treasury Summit

#DTRS – Successful start to the KPMG Treasury Summit

KPMG discussed current topics and future developments in the digitalisation of corporate treasury at the Digital Treasury Summit.

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FTM Bildwelt: DTRS October 2018

First #DTRS in Frankfurt – A successful kickoff

Together with leading figures from the field of treasury, KPMG discussed current topics and future developments in the digitalisation of corporate treasury at the Digital Treasury Summit. The first event, welcoming more than sixty participants, was held in Frankfurt am Main on 9 October.

With this new conference, which will now be held semi-annually, KPMG has created a format where workshops, speeches, panels and info booths are used to present and demonstrate state-of-the-art technology and how it can be applied in treasury. For managers from corporate treasury and finance, banks and providers of software solutions and tools as well as services relating to treasury, #DTRS offers a forum where they can get information on the latest trends and assess their importance for daily business. The focus of #DTRS is on practical application, the maturity and relevance of the technologies as well as the requirements and challenges of creating the necessary prerequisites.

Exciting and varied agenda – heated discussions

Political uncertainty, high volatility on the financial markets, technological advancements and changing business models require finance and treasury management to be further developed in a logical manner. A significant aspect in this regard is the increasing use of collaboration platforms and the automation of treasury processes – the key topics of the first #DTRS, chaired by Professor Christian Debus, KPMG.

A plenary session was first held to highlight the necessity of innovation in treasury and thereby outline the framework for an exciting conference and intriguing discussions (Martin Bellin, BELLIN Treasury GmbH). This was rounded out by a presentation on the impact of digitalisation on the working world – from a trade union perspective (Thomas Fischer Deutscher Gewerkschaftsbund DGB [German Trade Union Federation]).

New technologies must prove their worth in this highly charged environment of innovation and an ever-changing working world. Platforms for promoting collaboration between treasury departments, banks and other market players through cloud technology, open interfaces and process standardisation currently represent key innovation drivers. This was illustrated by a presentation on a platform-based solution for cash flow optimisation (Frank Wendt, C2FO Deutschland GmbH).

The breakout sessions focused on automation in treasury. This included presentation and discussion of approaches in the area of financial risk management for automating hedging decisions in currency management using dynamic hedging strategies (Michael Schimmel, Kantox Ltd.). The application of analytics methods was demonstrated with an example of system-based liquidity planning and analysis (predictive forecasting). This also highlighted the importance of reporting and analysis tools for decision-making (Börries Többens, KPMG). For the topic of cash management, practical and exciting insights into the application of software robots were provided and the challenges and benefits were discussed (Rainer Hofmann, Heraeus Holding GmbH). Digitalisation and platform approaches will lead to more transparency in supply chain financing, which will lower the barriers to entry for market players (Jochen Siegert, Traxpay AG).

In the concluding panel discussion, lively and sometimes heated debates were held regarding which measures are imperative to bring employees on board with the digital change process, how trade unions can support the inevitable transformation and how established companies will collaborate with startups in the future (chaired by Professor Christian Debus with participants Thomas Fischer, DGB; Professor Matthias Schumann, Georg August University in Göttingen; and Jan Wichmann, BANKSapi GmbH)

Conclusion and outlook

It was evident that there is no lack of interest in the topic of digitalisation among treasurers. This was underscored by the lively and heated discussions on the topics presented. As shown by current surveys, however, it is also clear that some treasurers are already focusing on the game and tackling the details of implementing robotics and analytics technologies, while others are still waiting and watching from the sidelines. 

When and how will these treasurers board the moving train? What are the benefits, what concerns need to be addressed and what obstacles need to be overcome? Find out together with us – the next Digital Treasury Summit #DTRS will be held in the Hilton Frankfurt Airport on 28 March 2019

We promise you an exciting conference with new insights and subject matter. Mark your calendar! 

We look forward to welcoming you personally.

Source: KPMG Corporate Treasury News, Edition 85, October 2018

© 2018 KPMG AG Wirtschaftsprüfungsgesellschaft, ein Mitglied des KPMG-Netzwerks unabhängiger Mitgliedsfirmen, die KPMG International Cooperative (“KPMG International”), einer juristischen Person schweizerischen Rechts, angeschlossen sind. Alle Rechte vorbehalten.

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