Sessions to Understand the Treasury Professional


AFP 2020 sessions that flesh out the role and responsibilities of treasury professionals so those working parallel to the profession are better equipped in their day-to-day.

Get Real (Time): Liquidity in the 21st Century

More than 50 countries have now implemented faster-payment schemes, but the benefits are still being debated as many companies continue to enjoy delayed payments. However, the debate has overshadowed one of the greatest opportunities to ever be presented to multinational corporates, real-time liquidity. What defines real-time liquidity and what measures do corporates need to implement to ensure they can reap the rewards of instant payments? This innovative discussion examines the benefits, challenges, and uncharted areas of real-time liquidity while making educated predictions about the future of cash and liquidity management.

Drowning in Statement Data

Treasury departments are asked to make strategic recommendations based on data that is confusing and overwhelming. Two of the largest sources of this data that reflect cost and opportunity are merchant card and bank fee statements. With limited resources and confusing, non-standard statements, this can be an extremely challenging task. In this session, attendees learn how to efficiently review and classify data from these statements from both domestic and international providers. Attendees also walk away with tactics for turning this data into meaningful reports that aid organizational decision-making.

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.

Virtual Accounts and In House Banking: Coming of Age in the US?

Virtual accounts are gaining traction in Europe as a powerful solution for rationalizing bank accounts, driving straight through reconciliation, and enabling on-behalf of structures including in-house banks. Both virtual accounts and in-house banks are far less common in the USA, but are starting to emerge, as are the associated success stories. A panel of early adopters share their experiences and lessons learned with virtual accounts and in-house banks in the US. The discussion includes practical and regulatory considerations and understanding the associated risk, cost and reward factors, key benefits and common myths associated with setting up these programs.

Real-Time Treasury: Preparing to Make Smarter, Faster Decisions

With the rise of emerging technologies such as APIs and machine learning, Treasurers are recognizing the need to become more real-time to manage the expectations of their digitally transforming organizations. Key treasury functions such as cash positioning, forecasting, payments, and investing are evolving as bank and ERP APIs integrate treasury platforms into a real-time network of systems. In this session, a panel of industry experts discuss what real-time treasury really means, the stages we can expect to see over the next 5 to 10 years, and how emerging technologies are influencing are influencing how treasury is performed.

Treasury 4.0: Implementing Smart Contracts & Real Time Messaging

Technology advancements continues to accelerate at an exponential rate. Treasury 4.0 is the next revolution that is occurring and utilizing exponential technology. Distributed Ledger Technology (DLT) and the Application Program Interface (API) are beginning to be used within Treasury organizations to increase efficiencies. These technologies are eliminating operational risk, reducing payment fraud and providing the transparency to key stakeholders. Industry experts review  the fundamentals of DLT and API’s and how one organization has successfully applied DLT and API’s to cut processing times, while reducing the margin for error.

You Too Can Build A Treasury Robot

There are numerous technology buzzwords in treasury like blockchain, RPA, and AI; however, to date, only a few corporations have been successful in developing practical applications with big impact. In this session, speakers examine how Honeywell succeeded in developing and implementing a Robotics Process Automation (RPA) initiative in-house that radically improved their cash forecasting process. The initiative delivered increased operational efficiency and generated enough additional liquidity to fund the entire project. Additionally, discussion includes how Honeywell identified and utilized tools from both internal and external partners to meet the various milestones in the project.

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.

Harnessing the Power of Virtual Account Management to Streamline Cash Management

As corporates around the world think about connectivity, structures, and the treasury of the future it is vitally important to build something that not only meets current demands, but also positions the company and its stakeholders for growth in this rapidly evolving cash management landscape. This session shares best practices in reducing banks, accounts, and eliminating all balances on hand to revolutionize cash management practices utilizing virtual account management. Attendees walk away with invaluable insights into leveraging internal and external resources to implement a best-in-class cash management structure that optimizes cash receipts, cash concentrations, and payment execution in the U.S.

Overcoming Information Exchange Overload: Is Distributed Ledger Technology A Game-Changer?

Corporate treasury departments know well the challenges and frustrations of exchanging critical information with a multitude of banking partners, all of whom have different information requirements and procedures. The result is cumbersome bespoke processes that are a time-consuming administrative burden on treasury. This talk examines how DLT, APIs and information exchange networks enable highly efficient and consistent exchange of information to open bank accounts, meet KYC requirements and pre-validate payment instructions. Attendees gain insights into how DLT can reduce payment exceptions, increase straight-through processing and reduce bank return payment fees.

SOFR So Good: An Update On LIBOR Replacement

Following up on their insightful discussion at AFP 2019, this panel of industry experts has reassembled to continue the discussion from a year ago. Hear about what each is now doing with their legacy IBOR contracts and their new interest rate contracts, including the impacts on borrowers and financial risk managers as fallback provisions between derivatives and borrowings start diverging. In addition, the panel discusses the changing market for the secured overnight financing rate (SOFR), adjustments from LIBOR to SOFR and other IBOR replacements globally.

Cash Forecasting Solved? Optimizing Working Capital Through AI Forecasting and Inventory Principles

Cash forecasting is a classic struggle for corporations and with the global nature of business, the challenge only grows. The maturation of working capital solutions is driving treasury organizations to find better ways of optimizing their liquidity, which increases the focus on cash forecasting. With new vendor offerings, third party software, and newer technologies such as artificial intelligence; corporates are looking at different ways to approach the problem. In this session, attendees learn from Accenture’s journey to overcome data quality hurdles and develop a solution that leveraged planning tools and AI to produce a more efficient and accurate global forecast.

Navigating Post-Brexit Europe with the Best Liquidity Structure

With the state of today’s fluid geo-political environment, ever evolving regulatory landscape, and market uncertainties, Treasurers must maintain visibility and control of global funds to optimize usage for better deployment. In this session a panel shares their journey towards centralization, along with the key impacts their efforts had on their organizations. Learn how the flexibility of choosing either a single entity with inter-company cash management, or a multi-entity notional pool, facilitates both centralization and optimum funding. Participants also gain insight into the ever-shifting trends in the European payments landscape.

Executive Institute

Treasury's Integrated and Strategic Approach for Managing Governance and the Financial Position of an Organization

Learn how the Office of the Treasurer at Concordia University oversees and financially manages the University’s assets and liabilities though its four integrated portfolios of Benefits, Investments, Corporate Risks and Capital and Financing. Also learn how it designed itself to be the supporting governing structure for all portfolios and how it positioned itself to be of influence for the evolution of the University’s strategic orientations.

Taking the Wheel: How Treasury is Delivering Value and Leadership

With the increase in global competition among organizations, the role of Treasury has grown more important in support of critical enterprise-wide strategic objectives. While Treasury teams currently play a pivotal role in most organizations, many are now stepping into greater leadership positions, helping to guide the business forward. In this session a panel shares how their Treasury teams have used cross-functional team leadership to drive innovation, and how Treasury “took the wheel” to create value for their firms. Gain vital insight into how Treasury can raise its profile and deliver greater value for the organization.