The milestone of November 2026 is now firmly on the horizon for corporates to adjust postal address information in their payment instructions and move their payments to ISO 20022.

This podcast hears how Merck has been preparing for migration, with Uwe Reinemer, Head of Treasury Technology & Digitalisaton, in conversation with Deutsche Bank’s Kerstin Schoenwitz. She is responsible for managing ISO 20022, Corporate-to-Bank Standardisation & Global Formats.

Key takeaways:

• ISO 20022 is the future of payments, and not just for banks. If corporates fail to implement this messaging standard into their systems, this could disrupt processing of their payments.
• Migration is not just another IT product – but a strategic development. The better data that comes with this delivers significant efficiencies in all aspects of payments and reconciliation.
• External migration and internal migration are very different.
• Proactive planning and enterprise collaboration are vital. If you have started migrating, keep testing and adjusting. And if you have not – get going now!
• Tune into this new episode of the flow InCorporateTreasury Podcast to learn more.

Specialist terms used

.camt. Cash management messages within the ISO 20022 standard. See definitions here

.pain. Payment initiation messages within the ISO 20022 standard

XML. Markup language that can be read by computers and machines

ERP. Enterprise resource planning (system)

TMS. Treasury management system

STP. Straight-through processing

UETR. Unique end-to-end transaction reference (used for payment tracking)

For an accessible transcript of the podcast click here.

RWE is an international energy provider headquartered in Essen, Germany that operates subsidiaries around the world – including in Australia, the UK and the US.

Our latest episode of the flow InCorporateTreasury Podcast sees Nicolas Meyer and Marius Kämmerer, Group Treasury at RWE, discuss the key challenges they are facing when it comes to investing surplus cash in the current climate, as well as the instruments they are using. They are joined by Leon Kurz, Director of Investment Solutions EMEA at Deutsche Bank.

As they explain reverse repos, although complicated, have some specific benefits when compared to other instruments such as money market funds or commercial papers. They can be particularly helpful for corporate treasurers seeking to invest surplus cash amid fluctuating interest rates and bouts of market volatility.

Tune into this new episode of the flow InCorporateTreasury Podcast to learn more.

Getting access to high-quality and consistent data is key for steering a treasury department. Only if you have a well-structured reporting landscape, you can achieve transparency on liquidity, cash and FX risks and make informed decisions on financing, investing, and hedging.

This is why “improving treasury reporting has been in the back of mind since I joined MANN+HUMMEL five years ago”, says Dominik Paschinger, Vice President Group Treasury & Risk Management. MANN+HUMMEL is a family-owned German filtration company which generated a turnover of €4.7bn across its 80 locations globally in 2023. According to Paschinger the current reporting structure based on excel sheets is not ideal: “The process is very manual, and we have access to a lot of data which we never use for reporting purposes.”

Last year, his team then finally had the capacities to put a revamp of the reporting structure on the agenda. “We set down with entire treasury team to develop a target structure for the treasury function in 2030 which we called ‘Shaping a future-proof treasury',” he explains. And one key element of this vision was to define how the treasury reporting should look like.

So how does this vision look like and how far has his team come since then? What kind of information will his team and MANN+HUMMEL’s top management be able to source from these newly built dashboards? And what role does artificial intelligence (AI) play?

Tune into the podcast and get Paschinger’s insights here: