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
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Aniket Kulkarni
Partner, treasury and commodity trading technology leader,
PwC
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Aniket Kulkarni
Partner, treasury and commodity trading technology leader,
PwC
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
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Adrian Rodgers
Senior EuroFinance tutor and director,
Arc Solutions
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Adrian Rodgers
Senior EuroFinance tutor and director,
Arc Solutions
After qualifying as a Chartered Accountant, Adrian spent a number of years with IBM, in a variety of treasury and sales roles. Adrian was also part of the implementation team which created IBM International Financial Services, the European centralised treasury operation based in Dublin. Adrian then joined the newly created cash management consultancy team of Chase Manhattan Bank, with a brief to help create cash management solutions which matched the needs of customers’ underlying businesses and technology infrastructures. As a Director at PricewaterhouseCoopers, he specialised in managing change in the finance function, including re-engineering of corporate treasury. His current company is an independent consultancy providing advisory, design and implementation services to corporates and banks, on a variety of change-related issues within the finance function. Services include strategy development, process design, bank and vendor selection and project management. Clients include major corporations with a strong international focus.
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
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Nicholas Franck
EuroFinance Tutor
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Nicholas Franck
EuroFinance Tutor
Nick is a treasury professional with over 30 years’ global experience in Treasury, Banking and Consulting. He studied Engineering at university and specialised in computing during his final year. His earliest jobs were hands-on with technology, building a dealing desk information management system and implementing a treasury management system. His responsibilities have grown since then to include technology strategy and implementation management whilst still remaining hands-on. He has been responsible for buying and implementing treasury technology, designing processes and controls, and maintaining and upgrading all of these over time. Examples include straight-through-processing integration with banks and advanced reporting tools. In addition, Nick has worked on non-treasury projects. These have given him practical knowledge of technology integration across business silos, which is now particularly relevant for cash forecasting, real-time reporting and dashboards. Nick’s combination of Treasury and business expertise, knowledge of technology, and deep interest in the subject make him an ideal tutor for this treasury technology course.
Many corporate treasuries are seeking to centralize and automate their cash management processes, through in-house banks, payment hubs and even collection factories, in order to achieve a greater degree of efficiency, as well as visibility and control.
This training will start with an overview of in-house banking, the business case drivers and technology options. It will also dive deeper into the more technical aspects of in-house banking, payment hubs and connectivity such as design and implementation considerations and current trends in the payment and connectivity landscape. Finally it will explore how leading in-house banks may develop over the next decade.
Key topics
In this one day course attendees will:
- Learn about the concept of and the services offered by an in-house bank
- Understand the financial and non-financial benefits an in-house bank can bring
- Learn about the key considerations that are important when designing and implementing an in-house bank, such as the technology choice, transfer pricing, accounting considerations, impact on FX risk management, organizational impact
- Learn how to deal with legal, fiscal and monetary restrictions while maximizing the benefit of the in-house bank
- Learn about transaction hub concepts
- Go through tangible case studies of leading in-house bank implementations
- Explore how in-house banking may further develop towards 2030
Course tutor
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Mark van Ommen
Partner
ZandersX
Mark van Ommen
Partner
ZandersMark van Ommen is a Partner at Zanders. He joined Zanders in 2005 and is based in London. Mark co-leads Zanders’ global corporate client’s practice and has a focus on treasury transformation projects, specialising in the definition of strategic roadmaps, defining business cases, helping clients run bank and technology selections and large-scale implementation projects. He holds an MSc in Business Administration from the University of Groningen and obtained the CFA designation in 2009. Mark is a regular chair and speaker at treasury conferences and regular guest lecturer at UK universities.
Registration and refreshments
Registration and refreshments
Registration and refreshments
Introduction
In-house banking – the basics
- In-House Bank definitions
- Establishing the business case
- In-House Bank scope of services
- Organizational positioning
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
Introduction
- Evolving role of treasury and the impact of market situation
- What is connected cash?
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
In-house bank technology
- In-House Bank technology capabilities
- ERP vs TMS vs Best of Breed
Business processes around cash
- Role of cash in enterprise processes (for e.g. O2C, P2P)
- Direct to consumer and B2B payments
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
Networking break
Refreshment break
Refreshment break
Refreshment break
Key design considerations
- Account structures and liquidity management
- Transfer pricing
- FX risk management
- Organizational set-up
Connected cash strategy
- Vision and Objectives
- Design principles
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
Lunch
Lunch
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
Lunch
Lunch
Key building blocks
- In-house banking
- Virtual accounts and On-behalf of models (OBO)
- Technology
- Regulation (e.g. sanction party screening) and security
Deploying a global in-house bank
- Dealing with legal, fiscal, monetary restrictions through participation models
- Global roll-out approaches
Group exercise
Best of breed FX policies and operating manuals
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
Refreshment break
Refreshment break
Networking break
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)
Refreshment break
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
From in-house bank to transaction hub
- Latest trends in payment/connectivity hubs
- Transaction Hub concept
- In-House Bank data analytics
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
Connected cash organisation with case study
- Treasury organization and roles
- Role of shared services (SSC) and Center of expertise (CoE)
In-house bank case studies
Business case and roadmap with case study
- Business case elements and key quantitative and qualitative benefits
- Roadmap
Cyber-risk and cyber-security
- Definitions
- Threat vectors
- Major risk areas; why AP? Why not treasury?
- Lowering your risk profile
Transformation roadmap – case study
Peer group discussion
- Addressing attendees’ real-life challenges
- Contributions by fellow attendees
- Moderation by the trainer
- Within a safe space – Chatham house rules
In-house banking 2030 – A strategic capital allocation vehicle?
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