According to "The centre takes the lead," an article by J.P. Morgan's Andy Ponsford, which appeared in Euromoney's 2010 Guide to Technology in Treasury Management, with the financial and economic crisis easing, corporates are, once again, focused on streamlining treasury operations. Simultaneously, the banking industry, led by SWIFT and other industry groups, has undertaken several initiatives, such as SWIFT's Standardized Corporate Environment (Score), electronic bank account management (eBAM), and SEPA Direct Debit, that are also expected to increase treasury efficiency over the next few years. The net result will be leaner and more competitive companies operating in the European Union.
