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Pre-conference training courses | Tuesday September 26th

Develop key skills and techniques to propel treasury into a successful future in the pre-conference training course of your choice.

PLEASE NOTE: The pre-conference training course venue is different to where the main 3 day conference will be held. The courses will take place at the Hotel SB Diagonal Zero Barcelona, Pl. de Llevant, s/n, 08019 Barcelona, which is located opposite the CCIB.


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.

Throughout this course, attendees will learn:

  • 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,


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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.

By the end of the course, participants will be able to understand:

  • 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

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This course will look at the main types of FX risk and how to design a FX risk management 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 FX risk management can be improved in practice.

Learning objectives

By the end of the course, participants will:

  • 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.
  • Have knowledge of different levels of sophistication in managing FX risk and the pros and cons of each option
  • Learn about best-of-breed FX risk management for different categories and industries and understand the associated requirements
  • Learn how to make the most of a Treasury Management System and other systems, processes in managing FX risk and streamline workflows
  • Be able to critically assess, review and propose changes to a corporate’s FX risk management policy
  • Have worked with the other attendees to investigate and solve real-world challenges

    Key benefits
  • Deepen your understanding of FX risk management which is growing in importance as well as complexity.
  • Learn about the considerations to be addressed to put theory into practice and to manage it on an on-going basis.
  • Come back to your company with ideas on how to improve its FX risk managementWho should attend?
  • Treasury professionals who work on managing FX risk in an international corporate in a managerial role, as a dealer or in a control function.
  • Finance directors and financial controllers in an international corporate organisation with significant FX exposure who wish to better understand the context and background of foreign exchange
  • Financial institutions, treasury management system providers and other suppliers who want to understand their clients’ perspective.
Course tutor
  • Nicholas Franck

    EuroFinance Tutor

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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


          9:00am -10:00am


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

            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



                    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

                              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


                                  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 -2:00pm


                                        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

                                          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

                                              Networking break

                                                2:45pm -3:00pm

                                                Refreshment break

                                                  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)

                                                    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 -3:15pm

                                                      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

                                                                Peer group discussion

                                                                • Addressing attendees’ real-life challenges
                                                                • Contributions by fellow attendees
                                                                • Moderation by the trainer
                                                                • Within a safe space – Chatham house rules 
                                                                  4:30pm -5:00pm

                                                                  Transformation roadmap – case study


                                                                    End of course and distribution of certificates

                                                                      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

                                                                        End of course and presentation of certificates


                                                                          End of course and presentation of certificates