Sessions that Prepare You to Adapt and Evolve

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AFP 2020 sessions focus on issues that matter right now and give you ideas, strategies and a plan to help you and your organization be successful.

Treasury Management | Payments | Risk Management | Capital Markets & Investments | Financial Planning & Analysis

Treasury Management

Treasurers Harmonization Panel: A coordinated approach to working capital optimization

Treasury is increasingly becoming the financial nerve center of the organization, using its centralized vantage point to gain visibility over all cashflows to better manage liquidity and mitigate risk. In order to optimize working capital, treasury must take a coordinated approach, working closely with AR and AP to deploy and integrate technology, while establishing streamlined processes. In this session, a cross-functional panel of senior working capital examine a coordinated approach to working capital optimization and what they’ve learned implementing the latest technologies to create a stronger, more unified working capital operation.

How to Gauge the Health of Your Treasury

All corporate treasury teams are pressured to adapt to technology changes and volatile financial markets while managing financial risk, reducing borrowing costs, and ensuring proper controls are in place. A treasury Health Check is an opportunity to take a step back, gauge where your organization is, and consider revisions to your daily norm – giving you an idea of which areas to concentrate on improving. During this session, a panel of industry experts walk you through the real-life experiences and challenges they have encountered, and practical approaches to discovering best practices for your company.

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Payments

How We Tripled Our Electronic Cash Application Hit Rate and Decreased Costs

While the trend of converting paper to electronic is improving, electronic receipts present many challenges associated with applying cash efficiently. Electronic receipts can cost more to process and dramatically increase DSO. International Paper shares their tactics for transforming a 27% hit rate on electronic cash application to over 70%. This session explores the considerations and steps needed to achieve maximum results including vendor selection, scoping, data mining, IT involvement, project management and remitter outreach. Attendees walk away with practical steps to improve DSO and reduce costs.

Challenges Businesses Are Facing In Real Time Consumer Payments

From Venmo to Zelle, consumers are finding ways to send payments to one another with ease. Similarly, consumers now expect businesses to pay them with ease and convenience. Historically, businesses have relied on using paper checks to make payments to consumers. While some businesses progressed from this by adopting ACH and wire transfers, they continue to face various challenges. This session examines payment technologies that allow businesses to disburse payments directly to consumer bank accounts. Focusing on Push-to-Card and Real-time Payments technologies, panelists address the issue of consumer account lookup in a universal federated directory.

The Impact of Technology on the Receivables Journey

As treasury technologies emerge, corporates of all size and industries are under pressure to implement new innovations around receivables, while maximizing the efficiency of legacy processes. Treasury experts from Western Union, Alliance Data Systems, and Cintas discuss their unique receivables hurdles and their journey to overcome those challenges. Panelists share insights into leveraging technology innovations, such as artificial intelligence and machine learning, to auto match receivables data to payments in order to achieve greater receivables efficiency and apply cash faster. Discussion includes managing receivables around cross-border transactions and facilitating the transition away from manual lockbox services.

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Risk Management

The Technology Buffet: Have Your Cake and Integrate it Too

One of the key functions in treasury is managing foreign currency risk. Until recently, exposure gathering, trading, hedge accounting, and reporting have been cobbled together through either a manual process or through all-in-one solutions which tend to have limited flexibility and significant switching costs. Today’s technologies allow companies to easily integrate best-of-breed solutions into an overall digital ecosystem. In this session, find out how companies utilize API technology to manage their global hedge programs. Learn how to decrease low-value activities and boost analysis and business decision making for your team.

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Capital Markets & Investments

Achieving Real-Time Visibility of Global Cash and Investments Through Automation

On any given day, if someone asked you “how much money do we have a where is it?”, how long would it take to have a comprehensive and accurate answer? Corporations hold cash & investments in many entities and currencies around the world, and information about these positions is held in disparate systems, which can make answering this question difficult. This session explores Salesforce’s journey to achieving real-time visibility of global liquidity for key stakeholders by building automated connections between multiple systems, while utilizing robotic process automation.

BBB or Not BBB, That is the Question...and Other Investment Policy Predicaments

The definitive Shakespearean soliloquy on life and death is transmuted into a slightly less morbid yet deeply profound question for corporate cash investors: should BBB investments exist in a corporate cash portfolio? With more than 50% of S&P 500 companies rated BBB or lower, corporate investors need to understand the implications of excluding BBB-rated investments from their investment policies. Hear from three market participants: a strategist, a specialist, and a generalist, in a session designed to ensure attendees can navigate this critical investment decision.

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FP&A

Advanced Dynamic Financial Modeling

Despite increasing efforts to move planning and modeling efforts away from Microsoft Excel, more than 40% of companies admit that spreadsheet software remains one of their core tools for forecasting. In this session, an FP&A trainer covers methods of dynamic forecasting to save time, eliminate mistakes, and reduce rework. Facilitated in Excel, this interactive session takes attendees through an actual company model and transition into a dynamic format, allowing the model to self-update with minimal human involvement. Learn not only the mechanics of modeling, but also how to become an indispensable asset to your organization.

Data Driven Decision-Making: A Blueprint & Case Study

Data driven decision-making (DDDM) is a key differentiator of successful organizations that, when applied appropriately, improves end-to-end processes, reduces cost and waste and maximizes return on assets. ABM, a large services provider, successfully applied these principles with their finance and operations teams who partnered to deploy technology to provide real-time visibility into labor costs. Attendees learn principles and practices that support the collaborative design of a solution and address the issues encountered during implementation (technology integrations, data quality, change management).

Architecting the Digital Finance Future: Leveraging the Cloud to Drive Business Transformation

Finance leaders must deliver advanced analytics and unique insights, provide strategic leadership to optimize the allocation of scarce resources, and partner with the business to improve decision-making. Unfortunately, many organizations struggle as their legacy technology platforms are typically not well aligned to the business model, lack flexibility, and require involve manually intensive processes with long cycle times. In this panel discussion, FP&A leaders who have spearheaded enterprise initiatives to modernize and digitally enable their finance function through the implementation of cloud based EPM solutions discuss efforts to streamline business processes, enhance modeling and planning capabilities, and improve accuracy while minimizing risk.

Create Your Own Crystal Ball: Getting the Data Visibility You Need

Finance teams face greater demands to provide strategic support and analysis to the business, but are held back by data silos and manual processes. This session will present case studies of two companies, ominichannel marketer Vlocity and medical laboratory informatics Sunquest, that upgraded their technology to accelerate cycle times for planning, reporting and analytical processes. These companies will share how they got their diverse data sources under control, streamlined planning processes and changed their modes to provide more support and become a strategic organization.

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