International Treasury & Cash Management (Advanced)

The most advanced techniques used by the world's leading treasuries

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.

This is the most advanced international course EuroFinance offers.

Learning objectives

  • Understand how treasury can deliver improved bottom-line 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.
  • 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 processes.
  • Become compliant across the regulatory landscape; learn more about the AML and KYC procedures used by banks and treasurers.
  • Protect your organisation against fraud and cybercrime.
  • 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 facing the treasury managers and CFOs, including establishing the relationships that matter and defining the pathway to digitizing treasury.
  • Develop practical skills and knowledge that can be immediately applied upon your return to the office.
  • Explore the techniques being deployed by the leading global treasury organisations.

Why attend?

  • Practical, hands-on training featuring corporate case studies and group exercises
  • Delivered by EuroFinance the trusted, industry leading training provider
  • Proven track record – over 300 treasury professionals have attended this course
  • Experienced tutors that address your real-life challenges
  • Network with your industry peers – we attract professionals from over 60 countries
  • Learn instantly applicable knowledge and skills to take back to the office
  • Earn up to 21 NASBA CPE credits, CPD certified
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Agenda

  • Corporate Treasury and Risk Management
    Start time: 8:30 am End time: 5:30 pm

    Expectations of corporate treasurers

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

    Exercise:  Individual current state assessment

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

    Risk management framework

    • Current global trends impacting treasurers
    • Holistic approach to managing risks
    • Risk management policies
    • Key linkages to the corporate control environment
    • Treasury mindset

     Managing/mitigating financial risks

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

    Case studies:  Financial risk management

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

    Compliance and regulatory risks

    • Maintaining company reputation and its LTO
    • Tasks at hand:
      • Focus on KYC, AML, Basel III, BEPS
      • Coping with US Tax Reform, PSD2, GDPR
    • Focus on intercompany loans/transactions
    • Emphasis on documentation and reporting

    Enterprise-wide opportunities for treasurers

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

     Cyber threats

    • Focus on internal and external sources
    • Role of staff training
    • Importance of payment strategy; fraud solutions
    • Collaboration with IT, accounting, procurement, banks

    Conversation about and assessment of Day 1

    • Strengths/weaknesses with current strategies; opportunities for value add
    • Questions, feedback and recommendations
  • Liquidity Management and Treasury Technology
    Start time: 8:30 am End time: 5:30 pm

    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

    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
      • Other risks and challenges
    • Feedback session

     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
    • Talent/skill mix required

    Case studies:  Traditional pathways to centralization

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

     Liquidity management:  objectives and techniques

    • Framework for value creation
    • Commercial flows; tax and treasury objectives
    • Processes for liquidity management
      • Cash concentration; trapped cash
      • Physical and notional pooling; netting
      • Investing, including yield, fair value accounting
    • Best practices

    Exercise:  What liquidity issues matter most?

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

     Cash forecasting

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

    Treasury technology ecosystem

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

     Selecting and implementing treasury solutions

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

     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

     Conversation about and assessment of Day 2

    • Opportunities identified to add value
    • Questions, comments and recommendations
  • Working Capital, Relationships and Partnerships
    Start time: 8:30 am End time: 5:30 pm

    Pathways to digitization

    • Specifics about 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

     Digital treasury transformations

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

     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

    Working capital management

    • Potential for lack of organizational clarity
    • 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

     Exercise:  Opportunities in the trade space

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

    Bank relationship management

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

    Bank selection process

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

    Exercise:   Strategic bank partnerships

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

    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 skills, talent
    • Scope out potential implementation plan(s); resources required
    • Share results, ask questions

     Course wrap-up

    End of Course/Awarding of certificates

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