bar1 bar2 bar3
Menu

34th EuroFinance International Treasury Management

October 15th-17th 2025 | Budapest

Pre-conference training courses

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

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.

Learning objectives

  • How to manage cash as a corporate asset in a connected organisation
  • Expectations from CFO / management for treasury related to cash and liquidity
  • Technologies to support including IHC, POBO, payment factory and cash pooling
  • Design of connected cash processes including setup and impacts of in-house bank
  • Design of an AI enabled treasury organization including set-up of center of expertise
  • Use of next-gen technologies (AI, Machine learning, predictive analytics, APIs)
  • Design of banking infrastructure and optimized bank account structure to support connected cash
  • Market offerings (virtual accounts, connectivity solutions, sanction party screening and compliance solutions) driving strategic Treasury transformation
  • Quantitative benefits and develop a business case for transformation
  • Realised value of connected cash solutions through real-world case studies
Course tutor
  • Christopher Lee

    Director

    PwC

    X

With the rise of new technologies, especially in AI, treasury is exposed to many options to achieve excellence in managing treasury processes. This course will focus on:

  • Current challenges faced by treasury in terms of integration, process automation, dependency on ERP data and up-skilling people
  • What are the pre-requisites for enabling AI in treasury?
  • How does AI drive benefits in treasury?
  • Learn about AI tools/systems in the market and support from TMS / ERPs
  • Case studies and use cases

At the end of the course, you will be able to build a business case for enabling AI in your treasury

Who should attend?

  • Treasury and finance professionals thinking of treasury transformation using AI technologies
  • Treasury and finance technology professionals planning to deploy AI based solutions
  • Treasury and finance project managers looking to optimise processes and infrastructure
  • Treasury technology champions / treasury IT managers
  • Finance executives responsible for transformation projects
  • Finance shared services / center of expertise (COE)
Course tutor
  • Aniket Kulkarni

    Partner, treasury and commodity trading technology leader,

    PwC

    X
  • Danielle Keller

    Manager – treasury and trading technology
    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
8.30am -9.00am

Registration and refreshments

8.30am -9.00am

Registration and refreshments

8.30am -8.45am

Registration and refreshments

8.30am -9.00am

Registration and refreshments

8.45am -9.00am

Introduction

9.00am -9.15am

Introduction

9.00am -10.45am

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
9.00am -9.45am

Introduction

  • Evolving role of treasury and the impacts of market situation and management expectations
  • What is connected cash?
9.15am -9.45am

Best in class treasury – how to achieve it

  • Treasury as a process
  • Treasury organisation
  • Treasury’s role as business enabler
  • Efficient treasury
9.45am -10.15am

Challenges faced by treasuries in building best in class treasury

  • End-End processes with global process owner
  • Integration with commercial processes – workstation vs integrated treasury
  • Treasury data foundation
9.45am -10.45am

Connected cash strategy

  • Vision and objectives
  • Design principles
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
10.15am -10.30am

Break

10.30am -11.30am

Introduction to AI technologies

  • Machine learning (ML)
  • Large language models (LLM) – GPT
  • Quantum AI – future state of AI
10.45am -11.00am

Networking break

10.45am -11.00am

Refreshment break

11.00am -11.15am

Refreshment break

11.00am -12.00pm

Banking landscape

  • Banking landscape overview
  • Banking partner and account rationalisation
  • Banking connectivity
11.15am -1.00pm

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
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
11.30am -12.30pm

How does AI technologies help treasury?

  • AI applications in finance
  • AI in cash management
  • AI in risk management
  • AI in payments monitoring
  • AI in corporate finance
12.00pm -1.00pm

Lunch

12.30pm -1.30pm

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 -1.45pm

Lunch

1.00pm -2.00pm

Lunch

1.00pm -2.00pm

Digital and technology foundation

  • Treasury management systems and beyond
  • FinTech
  • Reporting and analytics
  • AI use cases
1.30pm -2.15pm

AI in achieving process automation

  • Deep learning in risk management – exposure identification
  • Predictive analytics in cashflow forecasting
  • Tools / solutions
1.45pm -2.45pm

Group exercise

Best of breed FX policies and operating manuals

 

2.00pm -2.45pm

Corporate strategy

  • Engaging with other operational finance functions
  • Cash as a corporate asset
  • Business partnering
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
2.15pm -3.00pm

AI enabled treasury workforce – How AI helps upskilling and knowledge sharing?

  • Treasury policy and SOP automation with large Language Models (GPT)
  • Treasury academy – upskilling treasury with the use of language models
  • Tools / solutions
2.45pm -3.00pm

Networking break

2.45pm -3.00pm

Refreshment break

3.00pm -3.15pm

Break

3.00pm -4.30pm

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

3.00pm -4.00pm

Treasury transformation

  • Payment factory
  • In-house banking (OBO models, intercompany netting, cash pools, etc.)
  • Technology’s role
  • Regulation (e.g. sanction party screening) and security
3.15pm -4.00pm

AI enabled treasury system architecture – how to integrate AI with treasury systems?

  • Integration of AI tools in TMS / ERP
  • Data model
  • AI agents
  • Overall treasury system architecture
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
4.00pm -4.30pm

Case studies - how treasuries have deployed AI to achieve best in class treasury?

  • Automated treasury policy and SOP assistant
  • Predictive models for FX exposures
  • AI treasury cash management agent
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 -4.45pm

Business case for deploying AI in treasury

4.30pm -5.30pm

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

Deep dive into the full E2E transformation journey process and benefits.

4.45pm -5.00pm

Conclusion

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
5.00pm

End of course and distribution of certificates

5.30pm

End of course and presentation of certificates

5.30pm

End of course and presentation of certificates

5.30pm

End of course and presentation of certificates