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33rd EuroFinance International Treasury Management

October 2nd-4th 2024 | Copenhagen

Pre-conference training courses

Develop key skills and techniques in the specialist pre-conference training course of your choice.

SOLD OUT IN 2023

Cash plays a central part in treasury and this has a direct impact on systems, and processes, complemented by the use of technologies from banking and fintech providers. This course will help treasury departments design a “connected cash” strategy. Using real-world case studies to illustrate the theory, participants will be able to define a business case for connected cash in their organisation.

Key topics

  • How to manage cash as a corporate asset in a connected organisation
  • Expectations from treasury related to cash management
  • Design of connected cash processes including setup of in-house bank
  • Treasury’s role in new business models like “Direct to consumer”
  • Design of treasury organization including set-up of center of expertise
  • Use of technologies (for e.g. AI, Machine learning, predictive analytics, APIs)
  • Design of banking infrastructure and optimized bank account structure to support connected cash
  • Learn about the market offerings (virtual accounts, connectivity solutions, sanction party screening and compliance solutions)
  • How to identify quantitative benefits and develop a business case for transformation

Who should attend

  • Treasurers thinking of treasury transformation or in the process of transformation
  • Cash managers planning to improve or optimize cash management processes and infrastructure
  • Treasury technology champions / treasury IT managers
  • Finance / treasury transformation project managers
  • Finance shared services / center of expertise (COE) responsible
Course tutor
  • Aniket Kulkarni

    Partner, treasury and commodity trading technology leader, PwC

    X

This workshop provides practical examples of the practices used by multinationals to meet challenges. There is a particular focus on treasury’s activities impact on the wider finance and other business functions.

In a rapidly changing economic environment, treasury is both central and critical to many of the key tasks facing a CFO. These include, but are not limited to, ensuring the solvency of the company, safeguarding assets and controlling and managing risk. Risks today come in many forms, driven by the volatility of exchange rates, fluctuating bank appetite for credit risk and more recently interest rate volatility. Political and country risk is also firmly back on the agenda. Coupled with significant internal changes around shared service adoption, working capital management and automation possibilities there is an important challenge in deciding where to focus and invest for the optimum return.

Key topics

  • The evolving role of treasury and whether there is an absolute “best practice” in treasury?
  • What are the proven and available treasury organisation structures and treasury techniques
  • How to manage corporate liquidity; solvency and controlling investment risk
  • The role of supply chain financing and working capital management
  • The various treasury approaches for shared service centres and payment factories
  • Global payment infrastructure and treasury technology
  • How cyber-risk and cyber-security are crucial to treasury and the wider business
  • What to expect in the future

Who should attend

This course is ideal for CFOs and/or Financial Controllers new to treasury management or as a refresher to update your current knowledge and set the agenda for the coming year and beyond.

Course tutor
  • Adrian Rodgers

    Senior EuroFinance tutor and director, Arc Solutions

    X

FX risk management is growing in importance as well as complexity. Deepen your understanding of the main types of FX risk and learn how to design a policy and operating environment suitable to your company’s specific needs. The contextual aspects of FX risk such as risk appetite, tax, accounting, reporting and more are covered as well as the use of advanced treasury centre vehicles, treasury management systems and other forms of automation. A group discussion and a first-of-its-kind peer-group session are used to illustrate how to put theory into practice.

Learning objectives

  • Understand the dynamics and drivers of different categories of FX risk in different industries, including economic and accounting risk, and how this shapes the ways companies improve their hedging and risk management.
  • Gain knowledge of the different approaches to managing FX risk and their pros and cons
  • Learn about best-of-breed FX risk management for different categories and industries and understand the associated requirements
  • Learn how to optimise workflows by utilising technology and streamlining processes
  • Developed the ability to critically assess and propose changes to a corporate’s FX risk management policy
  • Have collaborated with peers to investigate and solve real-world FX risk management challenges

Who should attend

  • Treasury professionals who manage FX risk in a managerial role, as a dealer or in a control function
  • Finance directors and controllers with significant FX exposure who wish to better understand the context and background of foreign exchange
  • Financial institutions, treasury system and other solution providers who want to understand their clients’ perspective
Course tutor
  • Nicholas Franck

    EuroFinance Tutor

    X
8.30am -8.45am

Registration and refreshments

8.30am -9.00am

Registration and refreshments

8.30am -9.00am

Registration and refreshments

8.45am -9.00am

Introduction

9.00am -10.00am

Introduction

  • Evolving role of treasury and the impact of market situation
  • What is connected cash?
9.00am

Core concepts in FX

  • FX markets & instruments
  • FX in pricing, budgeting and accounting
  • Day-to-day foreign transaction bookings
  • Overview of regulatory and tax aspects 
  • FX in cash versus risk management
  • Cash and balance sheet forecasting
  • Common challenges overview 
9.00am -10.00am

The evolving role of treasury, is there a “best” treasury practice?

  • Role of treasury in the 21st century: defensive, proactive, strategic approaches
  • Maximising liquidity and availability of credit facilities
  • Importance of cash, liquidity and working capital management
  • Coping with risk: FX, interest rate, commodity, counterparty risk
  • Treasurer as polymath
10.00am -11.00am

Treasury organisation and treasury techniques

  • Organisation of treasury and the role of the CFO
  • Setting treasury policy and governance
  • Treasury as a tool to actively manage risks
  • Levels of treasury responsibility: centralised, distributed, decentralised
  • Inter-company lending
  • Centralising exposure management: inter-company FX
  • Treasury dashboards for CFOs
10.00am -11.00am

Business processes around cash

  • Role of cash in enterprise processes (for e.g. O2C, P2P)
  • Direct to consumer and B2B payments

 

10.45am

Networking break

11.00am -11.15am

Refreshment break

11.00am -11.15am

Refreshment break

11.15am -12.15pm

Connected cash strategy

  • Vision and Objectives
  • Design principles
11.15am -12.30pm

Management of liquidity: maintaining solvency and controlling investment risk

  • Accessing balances and capital locked in the organisation
  • Types of notional pooling, zero balancing and concentration
  • The tax, legal, documentation and regulatory issues
  • Mobilising core balances and money market investment
  • Tax neutral or tax advantaged treasury vehicles
  • Impact of BEPS
  • The changing role of cash flow forecasting
11.15am

Intercompany FX management

  • Intercompany FX and intercompany loans
  • Intercompany sales
  • Corporate transactions
  • Royalties
  • Management and other recharges
  • Dividends
  • Restructuring and M&A
  • Group multi-currency cash management
  • Offsetting risk
12.15pm -1.15pm

Lunch

12.30pm -1.00pm

Supply chain financing and working capital

  • Principles of supplier and receivables financing
  • Creating win, win, win in the chain
  • Financing: POs, invoices, acceptances, promissory notes
  • Leveraging credit differentials
  • Distributor and inventory financing
1.00pm

Lunch

1.00pm -2.00pm

Lunch

1.15pm -2.45pm

Key building blocks

  • In-house banking
  • Virtual accounts and On-behalf of models (OBO)
  • Technology
  • Regulation (e.g. sanction party screening) and security
1.45pm

Group exercise

Best of breed FX policies and operating manuals

 

2.00pm -3.00pm

Treasury approaches for shared service centres and payment factories

  • Critical role of treasury – deliver banking interfaces to SSCs
  • Integration of ERP accounting with payments systems
  • Examples from ERP vendors
  • In-house cash driven solutions for cashless funding, POBO, netting
  • Achieving economies of scale: benchmarking the processes
  • Challenges to eliminate domestic instruments and paper
2.45pm

Networking break

2.45pm -3.00pm

Refreshment break

3.00pm

Group FX optimisation structures

  • ‘Simple’ In-company re-engineering
  • Netting
  • Virtual accounts
  • Payments-on-behalf-of (POBO) and collections-on-behalf-of (COBO)
  • Treasury centres / In-house banks (TCs & IHB)
  • Accounting & tax considerations overview 
3.00pm -3.30pm

Connected cash processes with case study

  • Cash position and cashflow forecasting
  • Global payment and collection factory
  • Electronic payments and collections (for e.g. D2C, B2B)
3.00pm -3.15pm

Refreshment break

3.15pm -4.15pm

Global payment infrastructure and treasury technology

  • The systems architecture of typical multinational
  • Who needs a TMS? Who doesn’t?
  • Connecting you company to its banks: multibanking and Swift
  • Automated bank reconciliation and receivables matching
  • Role of a treasury dashboard
3.30pm -4.00pm

Connected cash organisation with case study

  • Treasury organization and roles
  • Role of shared services (SSC) and Center of expertise (CoE)
4.00pm -4.30pm

Business case and roadmap with case study

  • Business case elements and key quantitative and qualitative benefits
  • Roadmap
4.15pm -5.00pm

Cyber-risk and cyber-security

  • Definitions
  • Threat vectors
  • Major risk areas; why AP? Why not treasury?
  • Lowering your risk profile
4.30pm -5.00pm

Transformation roadmap – case study

4.30pm

Peer group discussion

  • Addressing attendees’ real-life challenges
  • Contributions by fellow attendees
  • Moderation by the trainer
  • Within a safe space – Chatham house rules 
5.00pm -5.30pm

GenAI – use-cases in cash management

5.00pm -5.30pm

What to expect in the future

  • Treasury policy agenda issues for CFOs
  • Expectations; what to expect in 2O23 and beyond
  • Policy agenda issues for treasurers
  • New banking products
5.30pm

End of course and presentation of certificates

5.30pm

End of course and presentation of certificates

5.30pm

End of course and distribution of certificates