Advanced International Treasury and Cash Management – Virtual training

February 23, March 2 & 9 2022 - 9.00-16.30 EST

Virtual event | 9am-4.30pm Americas time zone (EST)

EuroFinance is bringing its most Advanced course online to enable continuing education during the pandemic and beyond.

The format, each Wednesday over the course of three weeks, will allow participants to apply the newly learnt concepts to their day to day activity between each weekly session.

This course is designed for finance, treasury and banking professionals who have at least five years’ practical experience in various roles in treasury management and who need to gain a deeper practical knowledge of advanced treasury management techniques.

Learning Objectives

  • Understand how treasury can deliver improved bottomline performance for your business
  • Study how the implementation of tax-efficient account structures, effective hedging strategies, accurate cash flow forecasting processes and fully optimized working capital approaches may add value to your business
  • Discuss alternative account structures for optimizing liquidity and payment processes
  • Assess ways in which treasury can effectively contribute to enterprise-wide risk management initiatives, including ESG
  •  Assess ways in which treasury can effectively contribute to enterprise-wide
    risk management initiatives
  • Get up to date with emerging payment methods and the impacts that faster payments, Blockchain, Open Banking, APIs and PSD2 are having on today’s
  • Become compliant across the regulatory landscape; learn more about the AML and KYC procedures used by banks and treasurers
  • Protect your organisation against complex fraud and cybercrime schemes
  • Examine the emerging treasury technology ecosystem and identify opportunities to use the many new technologies, apps and tools available to treasurers today to deliver value
  • Gain a comprehensive insight into the current and future challenges and risks facing the treasury managers and CFOs, including establishing the relationships that matter and defining the pathway to digitizing treasury and fashioning effective hybrid work environments
  • Develop practical skills and knowledge that can be immediately applied upon your return to the office
  • Explore the techniques being successfully deployed by the leading global treasury organisations

Course agenda

  • Corporate Treasury and Risk Management
    Start time: 9:00 am End time: 4:30 pm

    08:45 – Zoom opens

    09:00 Introductions, course expectations and administration

    09:30 Expectations of corporate treasurers

    • Level setting: context, functions and responsibilities
    • At the core: risk management, liquidity, relationships, capability
    • Emerging: embrace the digital challenge

    10:15 Exercise: Individual current state assessment

    • Delineate current objectives, metrics and projects
    • Capture highlights of strengths, gaps, pain points
    • Open feedback session

    10:45 – 11:15 :  30 Min Break

    11.15 Risk management framework

    • Global trends impacting treasurers
    • Holistic approach to managing risks
    • Risk management policies
    • Treasury mindset; linkage to control environment

    11:45 Managing/mitigating financial risks

    • FX and interest rates: hedging
    • Counterparties: credit/payment risks
    • Debt covenants; contract obligations; LIBOR transition

    12:30 Case studies: Financial risk management

    • Evaluate circumstances; identify key take-aways
    • Feedback session

    12:45– 13:30: 45 minute break
    13:30 Compliance and regulatory risks

    • Maintaining company reputation and its LTO
    • Tasks at hand:
      • KYC, AML, GDPR
      • Coping with mandates and emerging legislation
    • Focus on intercompany loans/transactions, documentation and reporting

    14:15 Enterprise-wide opportunities for treasurers

    • Obvious seats at the table : ERM, ESG, working capital, project economics, etc.
    • M&A; crisis management; business continuity plans

    14:45 – 15:15 : 30 minute break

    15:15 Cyber threats

    • Expanded risk profile
    • Impact of hybrid work environments, importance of staff training
    • Payment strategy; fraud solutions
    • Collaboration with IT, accounting, procurement, banks

    16:00 Conversation about and assessment of Day 1

    • Questions, feedback and recommendations

    16:15 Preparation for Day 2
    16:30 End of Day 1

  • Liquidity Management and Treasury Technology
    Start time: 9:00 am End time: 4:45 pm

    Day 2: Liquidity Management and Treasury Technology

    08:45 Zoom session opens

    09:00 Connection to Day 1

    09:15 Overview of global banking infrastructure and processes

    • Money movement : Clearing and settlement, central banks, SWIFT
    • Payments and collections:
      • Domestic vs international payments
      • Payment methods, SWIFT gpi
    • Domestic and foreign bank accounts : Withholding tax and non-resident issues
    • Structural approaches for meeting country, region and global needs
    • Bank account management

    09:45 Poll: Interests/concerns relating to global infrastructure

    • What are you monitoring?
      • Cross-border payments
      • Cyber crime
      • Expectations relating to emerging developments
      • Lessons from complex countries and regions
      • Conflicting priorities between treasury and accounting
      • Inflation and other risks and challenges
    • Feedback session

    10:00 Business models, structures & organizations

    • Business climate leads to changing business models
    • Tax and legal considerations
    • Common responses: centralize, leverage treasury structures, augment expertise
      • Typical stages of development; focus on strategic drivers
      • Considerations for SSC, ITC, RTC, IHB, POBO/COBO, payment factories
    • Organization structure and talent/skill mix required

    10:45 – 11:15: 30 minute break

    11:15 Case studies: Traditional pathways to centralization

    • Use and applicability of traditional approaches
    • Emerging options at internet businesses, solutions offered by the fintechs

    11:45 Liquidity management: objectives and techniques

    • Traditional framework for value creation
    • Commercial flows; tax and treasury objectives
    • Overview of common liquidity management processes
      • Cash concentration; trapped cash
      • Physical and notional pooling; netting
      • Investing, including yield, fair value accounting
    • Best practices

    12:45 – 13.30 : 45 min break

    13:30 Exercise: What liquidity issues matter most?

    • Approaches in place to address issues
    • Assess reliance on structural approaches to deliver efficiencies
    • Feedback to pinpoint commonalities and differences

    14:00 Cash forecasting

    • Insights into the process
    • Objectives; elements of the forecasting challenge
    • Critical link to cash management routines and culture
    • More about selected process specifics
    • Summary of best practices

    14:45 – 15:15:  30 min break

    15:15 Treasury technology ecosystem

    • Definition and players: banks, fintechs, others
    • Overlap and competition among tools: ERP, TMS and more
    • Integration, role of international standards
    • Technology risks and challenges; trends and options

    15:45 Selecting and implementing treasury solutions

    • Requirement scorecards; due diligence
    • Embracing project and change management

    16:00 Exercise: Technology diagnostic

    • Assess the strategy driving your current technology landscape
    • Set vision and roadmap for the future
    • Pinpoint adjustments to strategy, opportunities for technology enhancements

    16:15 Conversation about and assessment of Day 2

    • Questions, comments and recommendations

    16:30 Preparation for Day 3

    16:45 End of Day 2

  • Working Capital, Relationships and Partnerships
    Start time: 9:00 am End time: 4:30 pm

    08:45 Zoom session opens

    09:00 Connection to Day 2

    09:15 Pathways to digitization

    • Role for connectivity, formats, integration, aggregation
    • Insights into APIs, AI, RPA, and fintech solutions
    • Real-time reporting, dashboards
    • Targeting intercompany loans/transactions
    • Survey feedback on progress being made

    09:45 Digital treasury transformations

    • Review of selected case studies to identify relevance for your company

    10:15 Case study: Pathway to enhanced cash forecasts

    • Assess strengths & weaknesses
    • Identify opportunities to enhance accuracy through use of AI, other tools
    • Discuss potential enterprise-wide value derived from reliable cash forecasts

    10:45 – 11:15 : 30 minute break

    11:15 Working capital management

    • Impacts from lack of organizational clarity
    • Linkages to order to cash, purchase to pay cycles
    • Cash conversion cycle, focus on cash flow generation
    • Optimization approaches; process opportunities
    • Maintain viability of supply chains:
      • Platforms address working capital opportunities:
        • Efficient win-win SCF; real time profit opportunities
        • Transparency through process monitoring
        • Leveraging the community effect
      • Landscape expanded to include non-bank players

    12:15 Exercise: Opportunities in the trade space

    • Activities delivering value today, projects underway:
      • Project ownership/management in company
      • Key changes noted in the landscape; supply chain inefficiencies
    • Feedback session; questions

    12:45 – 13:30 :  45 minute break

    13:30 Bank relationship management

    • Role of banks in evolving treasury ecosystem
    • Relationship considerations and challenges
    • Relationship management tools
    • Strategic partnerships

    14:00 Bank selection process

    • Selection criteria; evaluation categories
    • Key elements of the RFI and RFP processes

    14:30 Exercise: Strategic bank partnerships

    • Establishing and maintaining bank partnerships
      • Priorities
      • Processes to monitor and maintain strategic effectiveness
    • Feedback session

    15:00 – 15:30: 30 minute break

    15:30 Exercise: Vision for your treasury

    • Identify potential adjustments to your treasury strategies
    • Recap opportunities for improvements & digital enhancements
      • Traditional approaches that will add value
      • Roles for APIs, AI, RPA, blockchain; uses cases with promise
      • Openness to “ready to go” tools vs POC opportunities
      • Impact on organization, skills, talent
    • Scope out potential implementation plan(s); resources required
    • Share results, ask questions

    16:15 Course wrap-up

    16:30 End of Course