Taming Treasury Technology

June 7th-8th 2022 | London, UK

SaaS, APIs, RPA,  AI/ML and many more. New technology is enabling Treasury staff to minimise time on processing and concentrate on adding value instead. However, poorly understood, bought or implemented technology and misaligned providers waste time and don’t deliver the results wanted. It is, therefore, vital to understand the environment, the solutions available, and plan ahead to identify and solve company needs correctly.

This course provides a holistic picture of Treasury technology from a practitioner’s point of view, allowing attendees to design a technology strategy for the treasury function or be prepared to optimise the introduction of already chosen technologies.

Learning objectives

By the end of the course, the attendee will:

  • Have a framework for identifying technology needs and constraints
  • Be able to structure a holistic approach from technology selection to implementation and beyond
  • Know who needs to be involved and what roles these should have
  • Have an overview of existing and new technologies relevant to the Treasury department, including: Treasury management systems (TMSs), market information providers, dealing platforms, bank connectivity for straight-through-processing, wallets, advanced cash forecasting, analytics packages and management dashboards, use of fintechs for new payment methods, dynamic supply chain financing and investing, KYC and regulatory reporting, ESG and more, crypto- and other digital currencies, decentralised Finance (DeFi)
  • Some of the underlying enabling infrastructure and technologies: ERP, TMS & other systems integration; APIs; Software-as-a-Service (SaaS) & On-Premise; Blockchain; Robotic process automation (RPA);Artificial intelligence & machine learning (AI/ML); Data cleansing/wrangling; ‘Citizen developer’ Low code/No code applications; (Anything)-as-a-Service (XaaS); Web 3.0

Key benefits

Attendees will:

  • Become aware that there are solutions, or can be solutions to any of their and their companies’ pain points
  • Be able to establish a strategy for their functions and companies on what to do, when and how
  • Be more likely to implement effectively
  • Through the display of technology knowledge and fact-based proposals, gain credibility with their non-treasury management and peers

Who should attend?

  • Mid- to senior-level executives who want/need to know about, at a high level, the different treasury technologies available, the benefits they bring, how they relate and what challenges need to be overcome in order to implement and maintain them successfully.
  • Executives who want to understand the consequences to their units of new technologies already being rolled out enterprise-wide.
  • Executives at all levels who want to understand the current status and future directions in treasury technology
  • Executives at all levels working on a treasury technology policy
  • Professionals from IT and other non-treasury functions whose remit includes supporting treasury and who need an overview of the treasury technology space and the changes happening in it

 

Agenda

  • Start time: 9:00 am End time: 5:30 pm

    08:30 Registration

    09:00   Introduction and collection of the participants’ learning wishes

    09:15   A general introduction to Treasury Technology

    • Treasury activities and where different technologies fit in

    09:45  Vapourware and beneficial technology – The clients’ role

    • Recognising the risks of data and cognitive overload and issues with current purchasing methodologies
    • The importance of identifying pain points precisely
    • Having a clear strategy
    • Practical implementation methods and stakeholder buy-in

    10:15  The pace of change in today’s technology landscape and how to handle it

    • Applying 80:20 and ‘No blame’ project shifts in all aspects of project planning

    10:45 Morning break

    11:00 Review of established treasury technologies and infrastructure requirements

    • On-premise TMSs
    • Market information providers
    • Dealing platforms
    • Cards and payments
    • Systems integration
    • Legacy reporting capabilities
    • Excel

    11:45 Historical issues with the above

    • No ‘perfect fit vs requirements
    • The issues of manual work
    • Difficulty of managing change
    • Silo-based technology
    • Extensive use of IT needed both upfront and over time
    • Accelerating consolidation of suppliers

    12:15 New technologies and how they address the issues

    • SaaS
    • Diversification of information providers
    • APIs in systems integration
    • Wallets
    • Enterprise-wide provision of and access to data (data lakes and data warehouses)
    • Analytics platforms and dashboards (‘Super’ Excel, Power BI, Tableau and more)
    • Robotic Process Automation (RPA)

    13:00 Lunch

    14:00  A framework for planning new technology introduction

      • Avoiding the Tower of Babel – Importance of effective communication Bottom-Up and Diagonally [e.g., with other functions] as well as Top-Down to identify issues correctly and who needs to be involved, how, and during what steps
      • Understanding XaaS and the acceleration of software development – Importance of keeping in touch with IT infrastructure and software-writing environmental changes
      • Finalising issues and their prioritisation
      • Creating a business case
      • Shortlisting providers – Established providers and / versus  new challengers – Strengths and weaknesses of each
      • Understanding resource availability for new project implementation and tailoring a change approach aligned with these and the expected useful life of the technology
        • Early-adopter versus laggard preferences
        • Enterprise-wide vs silo only change
        • Small-step / partial solution versus big step / complete solution change
        • Data cleansing/ wrangling requirements – upfront and ongoing; order of implementation – front office or back office first; implementation methods – agile vs waterfall; 80:20 and ‘No blame’ project shift planning; Planning for the discovery of  new, better technologies and budget constraints –Flexible 60:40 mix-and-match vs 80:20 planning)
        • Stakeholder buy-in, in writing
        • Provider selection
        • Stakeholder buy-in, in writing (Again!)
        • Implementation
        • Continuous review (Bottom Up, Diagonally, Top-Down)

    15:30 Afternoon Break

    15:45  Group exercise – Adapting the technology introduction framework to specific business types

    17:30 Close of Day 1

  • Start time: 9:00 am End time: 5:30 pm

    08:30 – Welcome break

    09:00 Recap & questions relating to Day 1

    09:15 Fintechs and the explosion of niche applications

    • New payment methods
    • Dynamic supply chain financing and investing
    • KYC
    • RegTech
    • Cybersecurity
    • ESG and more
    • Stages of an entrepreneurial startup and increasing ease of application creation and funding – Relevance of this to Treasurers
    • Artificial Intelligence/Machine Learning and its immediate applications
    • Distributed Ledger Technology/Blockchain and immediate applications
    • Bitcoin, Digital currencies and Central Bank Digital Currencies
    • Decentralised Finance (DeFi))

    10:45 Morning break

    11:00  Near-term trends

    • More of all of the previous applications, improved
    • The changing role of IT & support
    • Natural Language Processing (NLP)
    • Integrated multi-functional AI/ML
    • Citizen developers and low code/no code; New skills needed in Treasury; Lack of availability of ‘true’ data scientists – ‘Call to Arms’ – Train Your Own!

    13:00 Lunch break

    14:00 Group exercise – Designing the new treasury 

    • People
    • Processes
    • Infrastructure

    15:30 Afternoon break

    15:45 Discussion –  Changing to the new treasury – Change management considerations

    • Attendees will design a standardised future treasury that they can take home with them, compare against their existing operations and have the trainers’ and attendees’ thoughts on how to achieve the change

    17:00 Summary, participants’ questions and comments

    17:30 End of the day and distribution of certificates