Cashflow Forecasting: Overcoming Technology and Organizational Challenges
Treasurers know cashflow forecasting is beneficial to management - better liquidity outcomes, lower interest expense, predictable credit use, among others. In practice, however, it’s often difficult to convey the benefit to the organization. When it comes to investment in new technology or process change, challenges multiply as it touches multiple levels of the organization. In this session, panelists take you through their experiences in championing, developing and using practical cash forecast, share their best practices for identifying the right technology, cost-effective options, and outline the through the process as well as the challenges each presents.
Stuart Jones, CTP, Senior Director, Treasury, McAfee, Inc.
Lynne Maxeiner, Vice President, Global Treasury and Investor Relations, Vertiv
Steven Polak, CTP, Senior Treasury Consultant, PMC TREASURY LLC
Future of Treasury: The Uncut Version
The fast-developing world of artificial intelligence (AI), robotic process automation (RPA), machine learning (ML) and blockchain has certainly captured the attention of finance and treasury leaders. Imagine the future of treasury involves robots taking our place in the office, or has it become a reality? Will cash management, cash forecasting, and risk management processes change from the way they are being done today? Learn from senior treasury leaders with cutting-edge views as they lead their treasury teams to prepare for the future.
Kelvin Ang, Director, Treasury Advisory Group, Americas Head, Citi
Rob DeCamp, Director of Corporate Finance, Assistant Treasurer, Caterpillar
Lisa Wagner, CCM, Group Manager - Cash Operations, Microsoft Corporation
Elevating the Role of Treasury Within Your Organization
The treasurer’s role is critical from a day-to-day strategic and tactical level, but how does the rest of the organization perceive the value that treasury brings to the table? How can you elevate the role that treasury plays within your organization? Using real-world examples, Amazon highlights the role their treasury team plays to support the organization’s global business operations, the actions taken to ensure treasury has a consultative role during the company’s planning stages and how they work to include core banking partners as an extension of the treasury team.
Tony Masone, Assistant Treasurer, Amazon
Candace Wenzel, CTP, Director, Treasury and Trade Solutions Sales, Citibank
Dismantling Corporate Silos Through Embedded Process Controls
The rapid growth of globalization brings equally rapid regulatory changes that compel international organizations to keep their ears to the ground and adapt. The onus of adaptation lies on treasury to comply with global audits. As regulatory audits are sent down the pipeline, proper process controls need to be in place, allowing treasurers to ensure all subsidiaries abide by regulatory statute while simultaneously providing the central treasury with valuable systemic visibility. This session examines the intricacies of financial audits and highlights how the utilization of process controls solidifies company-wide compliance.
Brenda Crowder, CTP, Treasurer, Ferguson Enterprises, Inc.
Royston Da Costa, Assistant Group Treasurer, Ferguson plc
Lena Pennington, Director, BELLIN
How to Successfully Implement an In-House Bank
In light of OECD’s base erosion and profit shifting (BEPS) project and other similar frameworks, companies are moving from sales agency or commissionaire models to buy/sell, distributor/reseller models. This results in significant changes in the cash profiles of entities, FX exposures and intercompany flows, driving the need for an in-house bank (IHB) to optimize cash and liquidity, risk and intercompany management. Attend this session for a detailed overview of IHB, focusing on tools and techniques to successfully design and implement an IHB and discuss typical challenges in IHB implementation.
Catherine Hill, CTP, Director, Global Treasury, Salesforce
Naman Kuwadia, Director, PwC
Samuel Vallotton, Senior Director,Treasury, Salesforce
Getting More From Your Technology to Master Cash Forecasting
Forecasting remains one of the key areas treasuries continue to evolve and refine. In 2019 Treasurers rated forecasting as a top 3 item for optimization due to their focus on maximizing liquidity and working capital while enhancing investment returns and minimizing cash balances. Leveraging technology to add efficiency and precision is a challenge most organizations are looking to master. This session explores real-world examples of common forecasting challenges, and offers best practices, technology strategies and solutions you can employ to enhance your forecasting.
Ed Barrie, Senior Director, Treasury, Tableau Software, Inc.
Jeff Diorio, Director, Treasury Strategies Inc.
Marci Lerner, CTP, Treasurer, Hologic, Inc.
Leveraging Technology to Achieve Optimal Results
Enhancing technology to optimize treasury processes, controls and reporting is now an essential treasury requirement rather than an optional commodity. TMS selection and implementation is a risky undertaking, but corporates demand—and in some cases, are required to have—current, global financial information with sophisticated analytics and intuitive reporting. The common stumbling blocks for a technology initiative are discussed in this session, and attendees are provided with strategies to successfully mitigate the traps that can cause delays, overruns or both.
Kjell Aansloekken, Director of International Treasury, MTD Products Inc.
Kevin Huxoll, CTP, Manager – Global Treasury Operations, Levi Strauss
Colin McAlpine, Principal, Treasury Strategies Inc.
Sink or Swim: LIBOR’s Transition to a New Reference Rate Leaves Investors Less Than Buoyant
As investors grapple with the transition away from LIBOR, $370 trillion worth of contracts hang in the balance. The former standard global reference rate is transitioning to one option of many, leaving global investors with the need to consider using more than one rate, and to learn how those reference rates move during periods of financial distress. This session provides a foundational history of LIBOR, reviews the implications of transitioning from LIBOR to SOFR and how corporations and investors can prepare for transition.
Jason Granet, Managing Director, Goldman Sachs
Michael Taets, Deputy Treasurer – Global Funding & Exposure Management, General Electric
Food for Thought: The Secret to Successful Post-Acquisition Treasury Integration
When acquisition is the growth strategy of the day, treasury teams are not only tasked with integrating the new business into the treasury management fold, they also must manage change that comes to their own department with the arrival of new processes, new team members and potentially, new job responsibilities. In this session, hear how a restaurant company managed change in the midst of an aggressive acquisition drive, integrating new businesses into their processes, using change management strategies to streamline integration activities, and more.
DeLise Cuadra, CTP, Treasury Manager, Inspire Brands
Laura Null, SVP, Treasury Sales Consultant, BB&T
China: Opening Doors Creating Opportunities for U.S. Corporates
China is the fastest growing market in the world, and U.S. and China are the largest trading partners globally. Slowly the doors to China’s market are opening, and through those doors tremendous new opportunities are coming. This session provides the keys to navigating successfully the challenges of this new territory and unlocks the black box by providing the roadmap and tools necessary for U.S. corporations to develop and implement new strategies and processes to drive better financial results in China.
Frank Sansone, Treasurer- Senior Vice President, China Construction Bank
Anton Chan, RMB Specialist, Financial Markets, Americas, Standard Chartered Bank
Audits, VDAs, Reports, Sounds Like Unclaimed Property
Many organizations are trying to keep up with every regulation possible, but some can be easily overlooked. Unclaimed property reporting often falls into that category, but noncompliance may subject the company to penalty and interest assessments. As such, all "holders" of unclaimed property need to understand the requirements and establish effective processes. Attend this session to understand how the recent changes in legislation may affect your organization, and learn how mergers and acquisitions, internal accounting policies, system conversions, third-party relationships, and misunderstandings often enhance escheatment liability.
Jon D'Amato, Managing Partner, National Practice Leader, Marketsphere Unclaimed Property Specialists
Heather Steffans, Partner Strategic Solutions, MarketSphere Unclaimed Property Specialists
Linda Tregea, CTP, Assistant Treasurer, Benco Dental Supply Co. Inc.
Point to CounterPoint: A Discussion and Debate of Treasury Management Issues of the Day
A highly interactive session, this classic debate covers topics such as: the pros and cons of legally banking the growing cannabis industry, should the provisions of the Glass-Steagall Act be resurrected and re-instated, is it appropriate for the Fed to enter the market for real-time interbank payments and compete with private sector, should the U.S. Postal Service get into branch banking—and more! You won’t want to miss this informative and lively debate between two seasoned professionals in the treasury management field with over 60 years combined experience.
Mark Krawczyk, CTP, Director of Finance, City of Hermiston, Oregon
Jim Washam, CTP, FP&A, Interim Dean, Neil Griffin College of Business, Arkansas State University
Treasurers Innovation Panel
Transforming your treasury technology can be a complex, sometimes messy endeavor that can put your leadership skills to the test. A panel of senior treasury practitioners who have recently undergone, or are in the process of undergoing, innovative technology projects, discuss their unique challenges. Attendees walk away with strategies that address these challenges in a range of topics that include global liquidity management; risk management; payments processing; and the practical implications of the most recent technological disruptors such as blockchain, robotic process automation, cyber-risk management and artificial intelligence.
Catherine Grant-Alston, Director, Global Cash Operations, Stanley Black and Decker
Marguerite Versacci, CTP, Assistant Treasurer, Tronox
Steven Wiley, CTP, FIS Vice President Treasury Solutions, FIS
Artificial Intelligence Within the Financial World: How Will it Help You?
Artificial intelligence (AI) is changing today’s landscape for financial professionals. Whether it’s retail inventory control or back-office data integration, previously accepted manual practices are rapidly being streamlined. By eliminating the need for manual input, AI can reduce manual input errors, mitigate operational risk and enable greater visibility into transactions. Many vendors and customers are already embracing AI, is your organization ready for the next step? How will AI play a role within your financial operating structure and systems? Explore the impact, risks and benefits of leveraging AI within the modern payments world.
Cathy Burnett, Director of Accounts Receivable, MSC Industrial Supply Co.
Troy Hagey, Principal, KPMG LLP
John Melvin, CTP, Vice President, Working Capital Consultant, U.S. Bank
Christopher Stang, Sr. Director, Business Process Optimization, The Howard Hughes Corporation
Capitalizing on Rising Rates: Driving Strategic Value from an Early Pay Program
Follow the journey of a leading food service company that successfully implemented an early pay strategy to transform financial risk and liquidity in their supply chain. Attendees gain insight into key optimization strategies like supply chain finance and dynamic discounting, and the logistics of establishing a successful supplier financing strategy. In an era of rising interest rates, where optimization of working capital becomes increasingly important, all companies can benefit from these valuable lessons.
Thomas Glassanos, President, The Bavelos Group
Jeff VanDyke, Director of Shared Services, Gordon Food Service
Collision Course: Navigating Merging Treasury Teams
M&A deals are a normal course of business — and M&A activity shows no signs of slowing down — but what role does treasury play? According to Deloitte’s “The State of the Deal” report, of the 1,000 executives surveyed, almost 90% anticipate the current level of M&A activity to continue, or even grow. Today treasurers have an increasingly important role in the process – for many, closing the deal is just the beginning of the story. Explore a roadmap for building an M&A treasury plan of action, strategies for standardizing processes and acquiring the right tools to be better equipped for handling future M&A activity.
Angela Huber, CTP, Assistant Treasurer, Cincinnati Bell Inc.
Kristi Fenner, CTP, Treasurer, Ansys Inc.
Anthony Guide, CTP, Vice President/ International Advisor, PNC Bank
Tali Weisberg, CTP, Assistant Treasurer, Houghton International Inc.
Emerging Benchmark Interest Rates: Accounting and Valuation Observations on Libor Replacement
LIBOR is expected to be phased out of major financial markets by the end of 2021. Alternatives to LIBOR rates are emerging across the globe and mechanisms for establishing contractual fallbacks and adjustments to LIBOR-indexed financial instruments are being developed to minimize disruption upon its permanent discontinuation. These changes will have impacts on treasury systems and derivative instrument structures and valuation. Session speakers provide an overview of the status of changes to global benchmark interest rates and the potential implications for borrowers and financial risk managers.
Jon Tkach, Director, Barclays
Robert Owens, Director, Fixed Income Strategy, Farmer Mac
Ruth Hardie, Sr. Director of Client Services, Hedge Trackers
Pamela Sullivan, CTP, Vice President, Treasurer, Virtusa Corporation
Virtual Account Management: The Next Big Thing in Treasury, Now Live Globally
Spurred on by today’s ongoing digital transformation, the treasury function within most organizations is undergoing an evolution. With tremendous pressure to improve treasury efficiency and centralize financial control, more and more corporates are assessing the value of virtual account management (VAM). In this session, practitioners discuss how innovative VAM tools can benefit treasury in simplifying account structures, supporting moves to an in-house bank or on-behalf-of payments and receipts, and automating reconciliations.
Cathy Fields, CTP, Assistant Treasurer, Director Global Risk Management, Hitachi Vantara Corporation
James McKenzie, Executive Director, Treasury Advisory, J.P. Morgan Chase
Vijayan Rajasekar, Associate Director-Treasury, Cognizant Technology Solutions
Cash Forecasting: Roadmap to the Future
For Businesses, cash forecasting provides a window into the future, allowing the ability to better anticipate challenges and recognize opportunities, such as managing cash & liquidity, managing debt and interest expense and allocating capital. This session covers Treasury cash flow forecasting at a fundamental level; from where you start in building a cash flow forecasting process, to the different roles that Treasury and FP&A play in the process, and how automation and technology can assist with building a sustainable cash flow forecasting framework.
Dan Betancourt, Assistant Treasurer, TOPBUILD CORP.
Jim Potsch, Senior Vice President, PNC
Treasury's Big Data: How to Transform Analysis Statements Into Analytics
Treasurers are sitting on a wealth of data that reveals the habits of their global operation and can be used as an internal report card of treasury functions. Learn how to read and understand cash management billing information from across the globe and use this information in combination with the AFP Service Codes to impress your manager with analytics on your organization, bank fee spend, cross-bank comparisons and more.
Bridget Meyer, CTP, Senior Director, Redbridge Analytics
Denise Snedden, VP- Assistant Treasurer, American National Insurance Company
The Impact of Real-Time Payments on Treasury Operations
Real-time payments (RTP) have been evolving in pursuit of a better payments system that is safe, ubiquitous, efficient and broadly accessible by 2020. RTP will provide benefits such as transparency and predictability within countries and across borders, while also impacting liquidity management, foreign exchange management and overall treasury processes and treasury controls. Explore how Treasury organizations are grappling with transitioning from a batch world to a real-time world to manage changing customer expectations and remaining true to their business model.
Larry Mills, Vice President & Assistant Treasurer, Travelers Insurance
Beatriz Saldivar, CTP, Director, Treasury & Payments, Axletree Solutions