Mastering Treasury Technology

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Mastering Treasury Technology

Overview
Agenda

This course will deepen your knowledge of treasury technology and help you leverage it to drive operational success and strategic impact.

Through a mix of group exercises, case studies, and Q&A sessions, this course will provide insights directly applicable to your organisation, making it ideal for those seeking to optimise their treasury operations today while confidently planning for tomorrow.
Learning Objectives
Through a highly interactive virtual format, you will:
1. Explore existing treasury technologies: understand their benefits and limitations and how to address common challenges in your specific environment.
2. Avoid costly pitfalls: learn practical strategies to select, implement, and manage treasury technology for maximum benefit.
3. Stay ahead of innovation: uncover hidden capabilities in your existing spreadsheet and Treasury Management System technology and explore the latest trends in AI, digitalisation, and more to optimise efficiency and focus on value-adding activities.
4. Future-proof your treasury: learn how to design and implement systems that remain agile in the face of rapid technological change.
Who should attend?
- This course is designed for:
  - Treasury professionals at all levels who want to:
    
    Explore the opportunities and challenges of changing systems
    
    Access proven solutions to these challenges
    
    Stay informed about the current state and future direction of treasury-related technology.
  - Treasury leaders and managers who need to understand the implications of enterprise-wide technology rollouts on their function and leverage these for treasury’s benefit.
  - Executives involved in treasury technology and cybersecurity who want to ensure robust, secure systems in a practical, enforceable way.
  - IT, procurement, and other non-treasury colleagues supporting treasury with their IT infrastructure, who need a comprehensive overview of the current and emerging treasury technology landscape.
  - Suppliers and partners to the treasury industry looking to understand how treasury teams use their technology and address its challenges, to better support them with effective solutions and processes.
Why train with EuroFinance
- Real world treasury training
  Leave with skills and techniques that you can immediately apply when you get back to the office.
- Unrivalled knowledge of current best practice
  We talk to treasurers on a daily basis and know what matters most to the profession.
- Expert tutors
  We have secured the services of the leading tutors in the profession with both banking knowledge and corporate expertise to give you the best all-round training available.
- Truly global
  We run treasury events all around the world and attract a very international audience.
- Practical teaching method
  Our courses aren’t just theory, we use real-life case studies and group exercises to illustrate each learning point

Agenda

Day 1 Mastering operational technologies
- 9.00am
  Welcome & learning objectives
- 09.15am
  The treasury technology landscape
  - Core treasury technology: treasury management & payment systems
  - Credit cards, wallets & gsm payments
  - Cash forecasting technology
  - Dealing and confirmation applications
  - Risk management, investment, accounting, and other platforms
  - Bank connectivity tools (e.g., Swift, host-to-host integration)
  - Legacy reporting systems
  - Continued use of spreadsheets
  - On-premise vs. SaaS technology
  - One primary system vs multiple integrated smaller systems
- 10am
  Boosting efficiency: systems integration
  - Overview of systems integration in treasury
  - Typical internal and external integrations (ERP, Swift, and more)
  - Integration goals and efficiency drivers
  - Key challenges in integrations
  - Integration methods (MS sharepoint, APIs, FTP, and more)
  - General standards (ISO 20022, Swift MX, XML) and proprietary formats
- 11am
  Break
- 11am
  Anticipating and countering system issues
  - Common systems issues
  - Root causes
  - Proactive approaches to resolution
  - Incident management and resolution
  - Lessons learned for future improvements
- 11.15
  Understanding IT and cybersecurity concerns
  - IT-imposed system requirements
  - Cybersecurity threats in treasury and cash management
  - Cybersecurity best practices
  - Role of IT and enterprise risk management in systems security
  - Vendor security and risk management
- 12.00
  Data management in practice
  - Data integrity and accuracy
  - Managing data across systems
  - Examples of data-related problems
  - Data cleaning tools and techniques
  - Using AI for data cleaning
  - Data security considerations
  - Data compliance and regulatory requirements
- 12.30pm
  Lunch
- 1.30pm
  Group exercise: smoothing role transitions at Acme
  - Scenario overview
  - Role play: roles allocation
  - Identifying systems transfer requirements
  - Creating a systems transfer checklist
  - Identifying real-life challenges
  - Brainstorming solutions
  - Work to be done ahead of future transfers
- 2.45pm
  Break
- 3pm
  Group exercise: practical data cleaning in Acme
  - Introduction to Acme’s dirty data challenge
  - Review of Acme’s dirty data (spreadsheet format)
  - Team formation, role-setting & breakout room allocation
  - Team exercise: identification of issues & recommendations for fixing to acme
  - Group review
  Reflections on difficulties involved
  
  Creating a generic data cleaning action plan
- 5pm
  Q&A and wrap-up
- 5.30pm
  Close of Day 1
Day 2 Systems strategy: organising for long-term success
- 9am
  Recap & questions relating to Day 1
- 09.15
  Treasury systems for different levels of treasury sophistication
  - Understanding treasury maturity levels (capabilities, people, processes, infrastructure)
  - Examples of companies at different levels
  - Overview: basic vs. advanced treasury technology
  - Technology requirements or possibilities by maturity level (people, processes, infrastructure)
  - Planning for growth: scalability of different treasury systems
  - Outsourcing as an alternative
  - Case studies: frequently seen arrangements
- 10am
  Avoiding common structuring and implementation issues
  - Types of failure in treasury technology implementations
  - Root causes
  - Overview of key success factors
  - Needs definition & technology selection
  - Implementation – project management
  - Implementation – change management
  - Implementation – governance requirements
  - Checklist for successful technology purchasing & implementation
  - Practical examples
- 10.45
  Break
- 13.00
  Lunch break
- 11am
  Structuring and implementing a digital treasury
  
  Trainer-led case study:
  - Background: Globex company
  - Pain points
  - Technology challenges
  - Integration needs
  - Implementation roadmap
  - Change management
  - Interactive discussion and group insights
- 12.30pm
  Lunch
- 2pm
  Group exercise: rebuilding Acme’s treasury infrastructure
  - Scenario: Acme’s treasury needs
  - Issue: Acme’s outdated technology infrastructure
  - Acme’s current technology needs
  - Goal of the exercise: working on a complete technology infrastructure renewal
  - Attendee role-setting
  - Exercise:
    - Designing the system architecture
    - Developing an implementation roadmap
    - Identifying purchasing needs
    - Project, change, and governance considerations
    - Finalisation
  - Debrief:
    - Role-by-role review
    - Group learnings
- 3.30pm
  Break
- 3.45pm
  The future of AI and other emerging technology trends
  - Decentralised finance (DeFi)
  - Fintechs and regtechs
  - Blockchain applications in treasury, digital currencies, and the metaverse
  - AI in treasury – rules-based AI, LLMs, RAG, agents, and digital twins
  - Robotic process automation (RPA) and intelligent automation (IA)
  - Advanced Excel capabilities – power functions, dynamic tables and formulas, lambdas
  - Enhanced reporting and dashboards – Power BI and more
  - Citizen-developers: low-code/no-code and AI-assisted coding
  - Treasury web portals and chatbots for internal and external communications
  - Other technologies
  - Coping with accelerating technology change
- 5pm
  Summary, final Q&A and participant feedback
- 5.30pm
  End of course

Tutor

Nicholas Franck

EuroFinance Tutor EuroFinance

Nicholas (‘Nick’) Franck has worked 30+ years in corporate treasury, trading, transaction banking, and treasury consultancy: 19 years in multi-industry corporates (IBM, International SOS, Agility Logistics and Oriflame Cosmetics;) 7 years in banks (Merrill Lynch and Chase Manhattan;) 6 years in treasury consultancy (CFO Solutions.) In these companies, his work has been mainly on startups and change. He has worked in and advised on technology, processes, outsourcing, treasury functions & treasury centres, worldwide. His expertise covers cash, liquidity, working capital, risk management, TMS and other systems, policy and process change within a business’s broader finance and commercial context. His in-depth knowledge makes him a versatile, convincing and compelling trainer.

Pricing
€1,795 + VAT where applicable

Virtual training VAT rules:

UK 20% VAT is chargeable if the participants are based in the UK or EU-based but non-VAT registered.

Timings – 9am-5pm CET timezone (Paris, Madrid, Amsterdam)

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EuroFinance is a part of the Economist Group.

We would love to keep you informed about other Economist events, newly-released content, our best subscription offers and great new product offerings.

Something went wrong try again later