The session was sponsored by BNP Paribas.
It was an awkward setup – not to mention risky. With 69 banks and 500 external bank accounts in 2019, Statkraft knew things needed to be coordinated. An implementation project later, the treasury has near-100 percent cash visibility, in just one system. FX has gone from local handling to a coordinated front-office task, and cash is pooled better.
All-in-all referred to as an in-house bank, the new setup applies “pobo” (payments-on-behalf-of) in Europe, and “pino” (payments-in-the-name-of) elsewhere.
“This enables us to have efficient and centralised control”
On Thursday, Stian shared the stage with Jan Dirk van Beusekom, Head of Strategic Marketing for Cash Management, Trade Solutions & Factoring, BNP Paribas.
Treasury 360° Nordic 2022, on 9 June, gathered nearly 300 delegates at Clarion Hotel Copenhagen Airport, and 100 online.
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