Cash management: Europe’s uncertain future

“You have 25 different systems in Europe at least and they don’t speak to each other, which is completely nuts” Olivier Brissaud, European Associations of Corporate Treasurers

THE PLANNED landscape for corporate treasurers in Europe, certainly for the bigger international players, looks good on paper. The introduction of the Payment Services Directive, due later this year, is a step towards the establishment of the Single European Payments Area. The proponents stress the potential benefits for corporations in such areas as electronic invoicing across borders.