4:00 – 8:00 – Business Connection Zone at Fenway Park
Spend some time after work networking with your peers and re-connecting with our Sponsors. The Business Connection Zone will be held in person on the scenic Sam Deck at the iconic Fenway Park.
Enjoy food, drinks, music, fun, camaraderie and a tour of Fenway Park in an open-air, safe environment.
You must select the Fenway Business Connection Zone during CONFERENCE REGISTRATION to attend.
9:15-10:15 – Concurrent Sessions
Experiencing significant growth by acquisitions worldwide over several years, Hologic, Inc., without a formal treasury group, had varying policies and practices, numerous cash “blind spots,” and as a result, an unacceptable degree of risk. Now they enjoy the benefits of a centralized global Treasury built from scratch: virtually 100% visibility to global cash, enhanced controls, and more consistent global policies and procedures through the adoption of leading practices and well-integrated technology and processes.
This session will discuss how Hologic enhanced their treasury through the process of assessing the current state of their operations, setting a vision for where they want to be, and establishing a roadmap that describes the necessary steps needed to become a state-of-the art treasury. Participants will learn:
• How to define a vision for a future-state Treasury best practices blueprint
• identify the steps needed to achieve the ideal Treasury
• Implementation lessons learned and hurdles to overcome
• How technology is playing an important role in achieving the ideal Treasury
Marci Lerner, Hologic and Jeff Diorio, PMC Treasury
It’s time for investors to evaluate their fixed income portfolios for a new rate cycle. Learn how to prepare for what’s next. This session will address the potential path for Fed policy and how the Fed’s decisions can affect your investment decisions. Mr. Roman will discuss the implications of rising rates across fixed income sectors and the maturity curve in addition to highlighting signals to watch and considerations in portfolio positioning.
Seth Roman, Longfellow Investment Management Co., LLC
API offerings from financial institutions are powering new and unique experiences for their clients by aggregating data from multiple systems, companies and processes. This session will discuss how API integrations with financial products are creating powerful solutions — and a competitive advantage — to businesses looking to differentiate the client experience. Real-life use cases and examples of how banks are stepping up to the plate by reimagining product delivery and access to their products through APIs will be shared.
Glenn Davis, PNC Bank
10:30-11:30 – Concurrent Sessions
As organizations embrace the latest technology to remain competitive and drive efficiency gains, digital risk accelerates. Where do you start in building a business operational foundation that considers: cybersecurity, workforce, compliance, third-party, automation, resiliency and data privacy risk.
Heather Bearfield, CliftonLarsonAllen LLP
speaker tba- Bank of America
With all the buzz that embedded finance will be a $7tr industry by 2030, what is it, and why should you care? Embedded finance is about how banks who produce financial services enable brands, merchants, technology companies and platforms to integrate financial services in to their offerings to remove friction and create new business models. Imagine a world where you get your banking services from your favorite brand and without ever having to interact with a traditional bank. It makes for a simpler life.
Paul Staples, HSBC
Janet Frick, Assistant Treasurer – International, Boston Consulting Group will provide her perspective as an experienced AT for BCG and being with a number of different large Global companies.
• Strategic and operational objectives
Financing – Traditional Trade – Supply Chain
• Foreign exchange/cross-currency payment
Payments/collections-Cash-Checks-High Value-Low Value-Alternatives
• Ongoing success with partners and thought leadership
Janet Frick, Boston Consulting Group
Tammi Lo Grasso and David Guzman, J.P. Morgan
11:45-12:45 – Concurrent Sessions
Join us to explore how digitized payment flows lead to improved working capital and operational efficiencies. A treasury practitioner will discuss and field questions regarding their experience in implementing meaningful changes to their organization’s payables approach, as well as the value these changes had for their vendor relations and for internal/external partners. We’ll focus on steps organizations may take to enhance payment efficiency, and strategies to bridge the gap between current and intended future state.
Matthew McCallister, Brookfield Properties
Nina Hanselmann and Joseph Flaherty, U.S. Bank
Central Banks are moving towards higher interest rates around the world. At the same time, the SEC and EU have released reform proposals for US and EU-based MMFs. In this session Western Asset will provide an overview of the changing landscape for short term investors, reviewing investment strategies and product options that may be helpful in managing through a period of evolution for liquidity markets.
Matthew Jones, Western Asset Management
Asia offers US corporations opportunities to acquire new customers and to expand new markets; however, multiple payment schemes across various Asian countries can puzzle treasury groups. A heterogeneous landscape of regulations, business models, and technology adoption result in a unique Asian payment ecosystem. This session will focus on the trends and innovations shaping the Asia payment landscape, and learn how technology and partnerships will require treasury professionals to be agile in their approach to Asia.
Kevin McKeever CTP, HSBC BANK USA
1:00 – 2:00 -Lunch Break/ Keynote Speaker sponsored byKeynote: Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team, J.P. Morgan Asset Management
“A Guide to the Markets”
This session will shed light on our current investment outlook and opportunities we are seeing across the global markets. Dr David Kelly, Global Market Strategist, will share J.P. Morgan’s perspectives on timely topics such as inflation, economic growth, employment, central bank policy and more.
2:15-3:15 Concurrent Sessions
Are you looking to add value to your business processes, customer/supplier relations and bottom line? This session will focus on developing and executing on strategies to successfully implement new payment channels. We’ll focus on factors to consider, stakeholders to involve and specific objectives to ensure your payments optimization plan positively impacts your customers, vendors and stakeholders within your organization. Come and discuss with the presenters how you’re currently navigating your payments journey and the challenges preventing you from achieving payments optimization.
Denise Deross, Lifestyle Equity Properties
Nina Hanselmann, U.S. Bank
Many Treasury and finance professionals remember coming out of the financial crisis of 2008-2015. While there are similarities in actual short-term rates, money fund failures prompting additional reform discussion, and likely Fed moves, the reasons for the upcoming rising rate cycle and investor sentiment is certainly different. Inflation is the tail wagging the dog, pandemic uncertainty is waning but very much still there, and treasury professionals need options beyond money market funds and T-bills for their operating, core, and newly energized social impact cash strategies.
This session will explore and discuss the similarities/differences in this rising rate cycle compared to 2015, point to meaningful leading indicators of opportunity, and compare solutions that help treasury professionals best insulate their cash portfolios while increasing the impact and value of their cash.
Henley Smith, StoneCastle Cash Management
Vendor Email Compromise scams (VEC) target an organization’s vendors, not the organization itself. They are a relatively new twist in the universe of cybercrime that has exploded during the pandemic. VEC scams are “kissing cousins” to BEC scams (Business Email Compromise) which have been sky-rocketing for years. Both employ elements of social engineering and psychological manipulations to defraud victim organizations of their hard-earned capital. BEC scams are often paired with payment diversion, wire fraud, and account takeovers, and now also integrate and intertwine with old-school check fraud. Fraud attempts will shift from one payment method to another, but they aren’t going away!
Corporate treasury and finance practitioners are charged with safeguarding not only the financial assets and interests of their companies, but also – if only indirectly – safeguarding the overall organizational well-being. Besides being financially damaging, successful fraud attempts are demoralizing and can be a catalyst for blame and accusations, riddling an organization with distrust. The presenters will discuss specific fraud attempts, some that were successful and some that were thwarted, and will give the attendees numerous proven strategies for defending against a variety of VEC, BEC, Check, and other fraud scams.
Greg Litster, SafeChecks
3:30-4:30 – Concurrent Sessions
We all know that checks are declining, yet they still represent a sizeable percentage of any business’ receivables. Traditional lockbox solutions offer many benefits to the collections process, but still require the manual handling of paper transactions. As organizations continue to seek ways to further improve collections they are learning of the benefits of electronic lockboxes. These solutions allow businesses to consolidate online payments, gain faster access to funds, and streamline the posting and reconciliation processes. Learn how you can improve the efficiency and effectiveness of your receivables processing, while digitizing paper collections and contributing to your organizational ESG goals.
Bob Johnston and Ashley Hastings, Santander Bank, N.A.
What is more important Yield, Liquidity, or Capital Preservation? Why not all three? We will explore and explain portfolio construction and along the way give best practice tips on creating and enhancing your investment policy for today’s fast-paced environment. You will gain an understanding of current trends in short-term investments and how to design an investment policy to meet your business standards and investment goals. Experienced Citibank CTP-accredited professionals will explore the many asset classes and short-term investment products available to Treasury investment professionals with the goal of helping you better align your investment goals and objectives.
Steve Kraus and Kevin Yimoyines, Citibank TTS
The course will cover blockchain characteristics, benefits, drawbacks and where and why it is suitable for business. We’ll review Fiat Currencies, Central Bank Digital Currencies, Stablecoins and talk about the use cases and regulatory environment that is being shaped around these digital assets. Lastly we’ll delve into NFT’s and the hype centered around the metaverse.
Lynne Marlor, Boston Blockchain Association
4:45 – 6:00 – Virtual Brewery Tour and Tasting sponsored by
Join us for a Virtual Tour of Allagash Brewing Company’s world-class brewery! Allagash is an independent craft brewery located in Portland, ME. Beyond beer, they’re always working on becoming more sustainable in their brewing and supporting their Portland community. Enjoy a peek behind the scenes, including areas they can’t usually bring guests on their in person tours.
**Be among the first 150 to register for the Virtual Brewery Tour and Tasting during CONFERENCE REGISTRATION to receive the beer package shipped to your home. Everyone else will receive a list of brews to be tasted.
9:15-10:15 – Concurrent Sessions
This discussion will be about how the integration of ERP and AP automation solutions can streamline processes. This session will explore the different types of integration as well as payment types, vendor management, and security considerations.
Robert Graham, Ascendant
This presentation will focus on how to use technology to better manage and monitor your foreign exchange risk. This comprises risk identification, quantification, and risk program implementation.
Tyler Thurgood, GPS Capital Markets, Inc.
Cybersecurity is no longer a nice-to-have component of IT. It’s a must-have business decision with impact permeating all roles and functions. Conscience effort and proactive measures are paramount in foiling the rise in cybersecurity threats–internally, across the business community and within supply chains. We’ll share insights on how to assess the risk landscape, learn from recent cybersecurity incidents and adopt mitigation strategies that comprehensively help protect your business’ assets, customers and employees.
Matanda Doss, J.P. Morgan
10:30-11:30 – Concurrent Sessions
As the pandemic swept through the US and the world in 2020 and beyond, a dramatic shift in workers’ thinking about working at home has occurred. In a survey by statista of 1,200 (charts will be included in presentation) full-time employees, 43% said they’d like to work more remotely, in addition to the 8% that already work at home vs 35% returning to their former schedule. This distributed work environment can present many challenges to an Accounts Payable operation. AP needs to collect & process invoices, make updates to general ledgers, and initiate payments both electronic and paper.
This session will look at the obstacles caused by a the “New Normal” and get industry perspectives from a practitioner, a fintech, and a banker on ways to automate previous manual processes of invoice capture, coding, and check distribution. We will discuss how businesses can partner with banks and fintechs to create efficiencies, overcome COVID fears, avoid costly fraud, improve the approval processes, GL coding, data analytics, and improve automation through AI, etc.
Erika Bauman, Aite-Novartica
Jim Maimone CTP, Citizens Bank, N.A.
Michelle Pasquerillo, Bottomline
With rates on the rise and pending money market fund regulations from the SEC on the horizon, 2022 is likely to be a year of significant change for cash investors. We will cover how to address these concerns from a product and technology standpoint, as well as discuss overall cash investment strategy during times of rising interest rates. We will be joined by panelists from major local treasury teams who will speak to their companies’ experience in this rapidly changing short-term investing landscape.
Jamie Cortas, Dell
Matthew Terhune & Brian Buck, Morgan Stanley Investment Management
In this challenging and volatile financial climate, it is vital for any global multinational corporation to properly optimize liquidity and resources. During this session we will review current International treasury environment paying special attention to Europe and LatAm regions. In addition, attendants will have the opportunity to review some of the most recurrent liquidity management practices that multinationals are putting on place together with some working capital optimization strategies that international subsidiaries could put in place in the current financial/economic environment.
Vicente Ferrer, Santander Bank
11:45-12:45 – Concurrent Sessions
The session will touch on some real world examples and close calls as they relate to Corporate Payment Fraud attempts. The speakers believe that fraud mitigation is best handled as a result of an open dialogue internally and amongst peers. Additionally, it shouldn’t be reserved for discussion after a negative event but rather part of an ongoing culture to fight fraud by using tools such as technology, networking and training programs. The goal of this session is to engage the audience and challenge them to take a fresh and preventative approach to managing vulnerabilities.
Jason Blumstein, Actualize Consulting
Dave will be sharing AI content with you from KPMG and Tadaa.ai on why using AI for financial forecasting with help finance professionals. You will learn how internal and external data drivers (signals) will allow AI to supplement a financial forecast. You will learn how Machine Learning and Deep Learning will drive the increased accuracy in forecasts with supporting reasons. AI can calculate “what if” scenarios given dynamic changes of various inputs to a forecast. It sounds like science fiction, but AI to help financial forecasting could be deployed today in your organization.
Dave Sackett, Visibility Corporation
Eliminating inefficient payment processes and improving the business-to-consumer (B2C) payment experience is critical to achieving customer satisfaction and deepening loyalty. However, targeting the right payment channel to for the client base can be a significant hurdle for treasury. This session will focus on best practices for identifying the value of implementing and adopting new payments technology along with generating stakeholder support for digital B2C payment initiatives.
Barbara Landolt, CSAA Insurance Group
Scott McGrath, Bank of America
1:00 – 2:00 Lunch Break/Keynote Speaker sponsored by
Keynote: Gerald Chertavian, Founder and CEO, Year Up
First 150 registrants will receive lunch via Uber Eats!
2:15-3:15 Concurrent Sessions
Due to COVID and the transient world we live in, the amount of unclaimed property is increasing daily. Ever changing legislation makes it difficult to get your arms around the process. The session will cover the basics of identifying what unclaimed property is, who is responsible for reporting, why it’s important to comply, where you file your reports, and how to streamline the process. Understand how mergers and acquisitions, internal accounting policies, system conversions, third party relationships, and misunderstandings often enhance escheatment liability. The session will share ways to become compliant and provide best practice strategies.
Heather Steffans, MarketSphere Unclaimed Property Specialists
This discussion will key in on three key areas affecting treasury practitioners:
1. Managing your liquidity through an unprecedented economic reopening
2. Integrating diversity, equity and inclusion within your cash strategies
3. Regulatory developments affecting treasury,
and will help address the following questions: How do I evaluate the current economic environment in light of the treasury function? Why is there such a divergence in data and opinion around the future path of interest rates? What are some of the various Diversity, Equity and Inclusion cash products and the benefits of each approach? What have been some of the unattended effects of regulation? Do I need to worry about further regulation in the money markets and specifically, prime funds?
Will Goldthwait and Jeff Scribner, State Street Global Advisors
The global pandemic has created both unforeseen challenges and opportunities, causing us to reevaluate and restructure the way global business is conducted. Businesses were met with unprecedented global gridlock, and now they must adapt and implement new processes to ensure that their business can operate despite disruption. Businesses of all sizes are now leaning more heavily on traditional trade finance instruments like letters of credit to reduce risks. This session features a mix of global treasury management best practices and leading-edge letter of credit approaches to help mitigate international trade risk.
Anthony Guide CTP, PNC Bank
3:30-4:30 – Concurrent Sessions
The pandemic has changed many people’s thought processes about accepting payments. Attend this session and learn the basics of merchant services, the practical application through a client case study, and take away actionable and fresh ideas about:
-Insights & innovation the pandemic has propelled-
-How to use data to gain efficiencies
Jordan Bentley, Worldpay
Bob Brutti and Nancy Duarte, FIS Global
This session will provide a vendor agnostic overview of the ERP Implementation process highlighting best practices for various phases of the readiness, selection, and implementation lifecycle. Join us for a fun and collaborative discussions as we share tips/tricks and lessons learned with your fellow attendees on their ERP journey.
Darren Ricci, Wells Fargo,
The risk of occupational fraud continues to be on the rise. In this session, we will discuss some of the most effective, most used but least appreciated, fraud-oriented internal controls executed during month-end close. We will deconstruct the nature of their potency and how their effectiveness can be increased even more, as accounting professionals rely on them more than ever before.
Nancy Wu, SkyStem