Treasury Management

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.

Speaker(s)

Jason Granet, Managing Director, Goldman Sachs

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

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. In this session, the panel will share their personal experiences with merging treasury teams, highlight the challenges they faced and how they overcame them. We will explore best practices for merging treasury organizations before, during, and after the deal closes.

Speaker(s)

Kristi Fenner, Treasurer, Ansys Inc.

Angela Huber, CTP, Assistant Treasurer, Cincinnati Bell Inc.

Tali Weisberg, CTP, Assistant Treasurer, Houghton International Inc.

Anthony Guide, Vice President/ International Advisor, PNC Bank

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

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.

Speaker(s)

Candace Wenzel, CTP, Director, Treasury and Trade Solutions Sales, Citibank

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

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, including, but not limited to, the secured overnight financing rate (SOFR) in the U.S. Additionally, mechanisms for establishing contractual fallbacks and adjustments to LIBOR-indexed financial instruments are being developed to minimize disruption upon a permanent discontinuation of LIBOR. These changes will have impacts on treasury systems and derivative instrument structures and valuation. During this session, speakers will provide an overview of the status of changes to global benchmark interest rates and potential implications for borrowers and financial risk managers.

Speaker(s)

Pamela Sullivan, CTP, Vice President, Treasurer, Virtusa Corporation

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

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 as those changes emerge. The onus of adaptation lies on the treasury to comply with global audits, despite potentially lacking the technological or procedural framework to facilitate it. As regulatory audits are sent down the pipeline, proper process controls need to be in place. Such embedded process controls allow 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 highlight how the utilization of process controls solidifies company-wide compliance.

Speaker(s)

Lena Pennington, Director, BELLIN

Royston Da Costa, Assistant Group Treasurer, Ferguson plc

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

Capitalizing on Rising Rates: Driving Strategic Value from an Early Pay Program

In this case study, follow the journey of this 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.

Speaker(s)

Jeff VanDyke, Director of Shared Services, Gordon Food Service

Thomas Glassanos, President, The Bavelos Group

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

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 can often fall into that category as it’s often an internal battle on what department will oversee this function. Learn how to navigate through the various complexities and regulations related to unclaimed property. Failure to properly comply with these statutes 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 to ensure that they are in compliance. Understand how the recent changes in legislation may affect your organization. Hear how mergers and acquisitions, internal accounting policies, system conversions, third party relationships, and misunderstandings often enhance escheatment liability. Learn what Benco Dental did after recognizing they had some gaps to streamlining the process today.

Speaker(s)

Heather Steffans, Partner Strategic Solutions, MarketSphere Unclaimed Property Specialists

Linda Tregea, Assistant Treasurer, Benco Dental Supply Co. Inc.

Jon D'Amato, Managing Partner, National Practice Leader, Marketsphere Unclaimed Property Specialists

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

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.

Speaker(s)

Beatriz Saldivar, Director, Treasury & Payments, Axletree Solutions

Larry Mills, Vice President & Assistant Treasurer, Travelers Insurance

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

Artificial Intelligence Within the Financial World: How Will it Help You?

Artificial Intelligence (AI) sounds like something from the future, however, it is used daily without knowing or recognizing it. When you utilize your smart phone for calls, AI applications engage to make the call crystal clear by filtering out background noise. Many new smartphones and applications leverage Facial Recognition for login access. We must ask ourselves, how will AI play a role within our financial operating structure and systems? Let’s explore the impact, risks and benefits of leveraging AI within the modern payments world. Panelists discuss this potential use case and how AI fits within your back-office structure.

Speaker(s)

Troy Hagey, Principal, KPMG LLP

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

Cash Forecasting: Roadmap to the Future

Economic uncertainty is ratcheting up demand for modeling tools. For treasurers, cash forecasting provides a window to the future – allowing them better anticipate challenges and recognize opportunities. Building an effective cash forecasting habit can be difficult, however, organizations can’t overlook this critical function of treasury management. By building the forecasting process into their daily tasks, treasurers can have a better understanding of their current capabilities and more importantly a view into the future — insight into surplus cash, guidance on managing debt obligations or knowing when to draw on a line of credit. In this session, we will examine what organizations should be evaluating when looking for a cash flow forecasting solution based on their needs and desired outcomes. Top Build will provide a unique corporate perspective on how cash forecasting has impacted their business, share best practices and highlight how the findings guide their business decisions.

Speaker(s)

Dan Betancourt, Assistant Treasurer, TOPBUILD CORP.

Jim Potsch, Senior Vice President, PNC

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

Point to CounterPoint: A Discussion and Debate of Treasury Management Issues of the Day

This session will be a classic discussion/debate about issues affecting treasury/finance practitioners and service providers. It will be a highly interactive session with attendees as we cover 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 US Postal Service get into branch banking? • Other topics to be developed/researched and debated!! Attendees will be able to “cast their vote” on the merits of the topics being discussed. You won’t want to miss this informative and lively debate by two seasoned professionals in the treasury management field with over 60 years combined experience (spanning two centuries!!) in the private sector, higher education, government sector, and consulting/advising/training from coast-to-coast.

Speaker(s)

Jim Washam, Interim Dean, Neil Griffin College of Business, Arkansas State University

Mark Krawczyk, Director of Finance, City of Hermiston, Oregon

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD