9:00-10:00 – Concurrent Sessions
As we shifted from the Covid cash boom of 2020 to an unprecedented monetary policy hiking cycle in 2022 and into the recession watch of 2023, the themes of corporate treasury have focused onto incorporating ESG, adjusting to reform, and ultimately capturing yields. Throughout the volatility of the decade thus far, treasurers have navigated their ship in the challenging market by remaining proactive and adapting to the choppy waters. Please join Goldman Sachs and Textron as we explore our cash investing outlook for the 2nd half of 2023 and the innovative ways that we have partnered on unique Money Market opportunities.
David Azzolina, Textron Inc.
Patrick O’Callaghan, Goldman Sachs
As check and traditional payment methods continue to decline in the United States and overseas, and opportunities to make faster payments both domestically and globally increase, it is not just banks that are available to help corporates make payments cheaper and more efficient.
•Learn about Real-Time Payments and how organizations are adopting them
•Learn about Open Banking and how FinTechs are providing banking products outside of traditional banks
•Discuss how Fintechs are providing tools and best practices for adopting and using Open Banking and Real-Time Payments
Carlos Conde, Elire, Inc.
Future-proofing the vendor payables ecosystem by creating financial health in the supply chain while protecting it from bad actors, is top of mind for many forward thinking organizations. Digitization creates opportunities to become more efficient with processes and cashflow, and it presents opportunities to strengthen controls and mitigate vendor identity fraud. This discussion will explore how macro-economic influences and post-pandemic challenges, like rising interest rates and resource and staffing constraints, are challenging organizations to adapt and evolve at lightning speed.
Chris Ramsay, J.P. Morgan
Payment fraud has become more prevalent in the time of COVID crisis and beyond. Fraudsters are using new technologies called Deepfakes to impersonate CEOs, CFOs, and Treasurers to release payments.
Up to 90% of CFOs and CIOs report payments and financial fraud attempts, and cyber threats are growing more complex with intelligent technology – making proactive fraud detection and response programs a top priority for CEOs and their boards.
In this session, we will outline strategies to actively defend financial workflows and data from fraud and cybercrime to maximize protection end-to-end.
Key discussion points and takeaways:
-What sophisticated technologies are being used in cyberwarfare and fraud incidents
-The need for real-time fraud detection to protect liquidity
-Building connective tissue between your fraud and threat hunting programs
-Building the business case to invest in detection and response programs
-Opportunities for CFOs, CIOs and CISOs to heighten internal and external security.
Tom Gavaghan, Kyriba
10:00-10:15 – Refreshment Break sponsored by
10:15-11:15 – Concurrent Sessions
Coming into 2023, Treasurers/CFOs are facing a variety of challenging obstacles that can have significant impact on their working capital. Inflation is eating into available liquidity, COVID-19 pandemic caused supply chain disruptions have companies re-evaluating their trading partners and procurement/sales requirements, and companies looking to use their leverage on their counterparties in trade relationships that can often be described as a zero-sum game. During this session we will go into detail on these critical challenges and what tools companies may be unaware they have at their disposal to combat potential negative impact on their working capital, and in some cases to the benefit of both sides of the trade.
Michael McDonough, Santander Bank, N.A.
When IFAW’s treasury group began exploring a new framework for their treasury technology stack in 2017, there was substantial complexity that needed to be solved. Not only was their team using a legacy TMS supplemented by a variety of individual spreadsheets and bank portals, but the organization’s locally hosted ERP was also heavily embedded into their operations in a manner that created excessive manual strain. As a result, IFAW’s back-office payments, treasury, and cash operations were siloed and had become overly complicated.
This discussion will focus on how John Kluza – Group Treasurer at IFAW — was able to implement a unified bank connectivity and payments architecture to streamline operations across more than 40 countries, 20 banks, and 100 accounts. This connectivity structure included the adoption of a new TMS, ERP, and payments hub, and was supplemented with an enhanced FX payment workflow to manage cross-border transactions at the local level. The results of this project ultimately enabled IFAW to save hundreds of thousands of dollars per year in technology, transaction, and banking fees. The project increased daily visibility of bank accounts and balances to 90% and will automate over 85% of their global payment processes once the new ERP goes live in 2023.
This session will focus on reviewing IFAW’s treasury technology transformation and analyze the core challenges faced, review the solutions implemented to address these challenges, and highlight the ensuing benefits achieved at the project’s culmination.
John Kluza, IFAW
Jonathan Paquette, Treasury Intelligence Solutions, Inc.
With ever changing turmoil in world economies, looming depression or recessions, inflation, and rate volatility, it has become even more important to have the techniques, tools, and processes available to be able to forecast short- and long-term cash and liquidity needs. Cash Forecasting as a tool is critical to financial liquidity management and analysis for the best use of an organization’s resources.
Rapidly rising interest rates, market and world volatility, the need to manage exposure and cashflow have been thrust to the forefront of many companies. With a prolonged period of record low interest and borrowing rates, there has been less focus on liquidity and cash forecasting. This session will discuss best practices, tools, and techniques to maximize an organization’s ability to leverage and improve their Cash Forecasting techniques.
Carlos Conde, Elire, Inc.
This session will present the results of the PMC Treasury 2023 Treasury Initiatives study. PMC Treasury interviewed Treasurers, banks and vendors to the Treasury community to compile their needs and predictions for 2023.
Key themes of the study are:
1. Treasuries response to inflation, higher rates, and potential recession.
2. Focus of Treasury for 2023
3. Banking relationships and services that Treasurer’s find provide enhanced value
4. New technology and automation capabilities that impact efficiency and control.
This session will be interactive and informative giving you a read on what your peers are focusing on and what new banking services and Fintech capabilities are high value.
Jeff Diorio, PMC Treasury
11:15-11:30 – Refreshment Break sponsored by
11:30-12:30 – Concurrent Sessions
Caury Bailey, Liberty Mutual Investments
Elena LaFrance, Alkermes
Greg Parsons, CAVU Securities
Sharron Todd, CAVU Securities
This session will summarize the current landscape of Increasing stakeholder interest, regulation and investor attention focused on sustainability and ESG considerations associated with the built environment. BXP’s Ben Myers will share the perspective of an active owner and developer of premier workplaces, including how the company is adapting practices, implementing initiatives and organizing around ESG to continue to lead in 2023.
Ben Myers, BPX
With an emphasis on collaboration across the buyer-supplier relationship, we’ll take a comprehensive look at how to meet the supplier where they want to be met – all while identifying opportunities to further expand your relationships.
Amy Gindel, Boston Properties
Noel Pearlman, Mastercard
Holly Tennent, Bank of America
This session will be designed to provide an overview of current landscape and share the speakers and use cases. The landscape is changing and there are many reasons to stay risk averse, but we’re here to explain why it makes sense for all finance professionals, including the typically risk averse Treasurer to stay aware of this new technology and the benefits it may offer someday.
Jason Blumstein, Actualize Consulting
Neil Chopra, Fireblocks
12:30 – 2:00 -Luncheon sponsored by
Keynote: Tim White, Author, Investigative Reporter and Managing Editor, WPRI
Come hear Providence’s resident ‘mobologist’s’ compelling account of the biggest single payday in the criminal history of the New England mob. In 1975, eight daring thieves ransacked 148 massive safe-deposit boxes at a secret bank used by organized crime. None of the estimated $30 million in cash, gold, silver and jewelry was ever recovered.
2:15-3:15 Concurrent Sessions
Jake Privette, Reverse ATM
Today’s treasurers are transitioning to a digitally enhanced, interconnected ecosystem driven by data. On-time treasury is the technology driven acceleration of operational workflows that support a continuous, on-demand, always on process under near constant monitoring. It involves the combination of the evolution of technology, data analytics and practical application to accelerate automation thereby enabling on-time to take hold.
Kevin Vieira, AAA New England
Anisha Gulati, Bank of America
Thomas Zerbo, Bank of America
DEI, ESG, SRI? It’s a veritable Alphabet soup of acronyms that investors have to wade through in the investment landscape. Are investors jumping on the bandwagon in this space, bailing out, or something in between? Please join Us and State Street as we make sense of this investment landscape and whether it’s appropriate for your organization to consider some of these offerings in the short-term investment space. We’ll also discuss risk considerations, various ways investors can gain exposure to these types of investments, and the best practices for implementing them.
You will come away with a better understanding of the ESG and DEI investment space, risks, and best practices for incorporating them into your investments. In addition, you will hear of the direct impact your underlying investments can have. Lastly, you will hear from an underlying investor in this space and gain insight into implementation approaches.
Robert Aguilar, Cabrera Capital Markets
Will Goldthwait, State Street Global Advisors
Jeffrey Scribner, State Street Global Advisors
Keeping your ERP as a central source of truth. Basis Technologies, a marketing technology provider, presents financial professionals with a valuable case study for not only international expansion, but also how A/R automation drives efficiencies internally. Attend this session to hear how Basis uses technology to enhance customer service and reduce the burden on finance teams to free them for more strategic tasks.
Eugene Ivankovic & Chris McCracken, Flywire
3:15- 6:00 – Business Connection Zone Networking Reception
Join us for food, cocktails. networking and entertainment in a socially engaging atmosphere to discuss business.
Understanding the unconscious bias that all people carry can be the first step of making basic changes. Multiple steps can be taken at a very basic level by both men and women to help balance out this inequity.
This interactive presentation will discuss the obstacles and barriers, how companies can address the women leadership gap and advise on the practical actions that both men and women can to take to ensure more diversity in the financial services industry.
Shemina Jiwana, Ascendant FX
9:15-10:15 – Concurrent Sessions
Craig Ferrero, J.P. Morgan
Tammi LoGrasso, J.P. Morgan
Changes in the ways that businesses send and receive payments have accelerated during and since the pandemic era. Using Nacha data, national AFP studies and Federal Reserve research, the presenters will cover the changes taking place and why they are happening. The session also will highlight new standards and processes enabling completely electronic payment processes, such as supplier onboarding and payee verification. You’ll come away with an understanding of the major changes taking place in the payments industry and how they impact corporate payments practitioners.
Michael Herd, NACHA
Amy Leslie AAP, Wells Fargo
Treasury professionals continually strive to maintain balance of safety/liquidity/yield in their operating, core, and strategic cash portfolios. CFO’s are tasked with preserving and safely growing larger pools of cash, which inherently demands increased diversification at a time when investment options are seemingly limited or in many cases, are too similar in underlying securities to affect true diversification. Treasury professionals need options beyond The Big Three of money market funds, ECR/bank deposits, and U.S. Treasury obligations. Whether it is need to insure a portion of capital, diversify counterparty risk, or to address mission-based initiatives, looking beyond The Big Three expands choice and balances risk/reward while remaining aligned with investment policy mandates.
Brandon Semilof, StoneCastle
Finance departments, CEOs, and Board of Directors are taking a bigger role in managing cybersecurity. Dave will share best practices on preparing for a cyber-attack and talk about the actions to take before, during, and after a cyber-attack from a financial audience perspective. He will share potential technology services to support this effort and practical information. You can learn to document your preventive plan to sleep better at night.
Dave Sackett, AIOne
10:30-11:30 – Concurrent Sessions
This session will provide a vendor agnostic overview of the ERP journey for those considering purchasing, implementing, or upgrading their current financial system of record. Walk away with a high-level overview of best practices on how to navigate through the readiness, selection, and implementation phases of the ERP lifecycle.
Gabriel Guerrero , Wells Fargo
The finance landscape is evolving rapidly.
This session will explore technological advancements such as application programming interfaces (APIs), artificial intelligence (AI), and robotic process automation (RPA), and how they’re changing the way business is conducted. We will describe specific ways practitioners and financial institutions alike are leveraging new tools to build efficiencies, reduce costs, and increase the speed of payables evolution.
Joseph Flaherty, U.S. Bank
Andy Hurt, U.S. Bank
Today, with payment apps, real-time peer-to-peer transactions are commonplace. When customers are engaging with businesses, there is increased demand for real-time transaction capabilities. Businesses are expected to provide immediate services such as refunds and claim payments. During this session, we’ll explore business-to-consumer payment options that put companies in a better position to compete in the market and meet evolving demands. Learn about the options you have to expedite transactions, create efficiencies and increase customer satisfaction.
Glenn Davis, PNC Bank
Tyler Thurgood, Josh Trawick, Rob Richards, GPS Capital Markets
11:30-1:00 – Luncheon
Keynote Speaker: Elizabeth Tanner, Esq., Rhode Island Secretary of Commerce
1:15-2:15 – Concurrent Sessions
Maksim Sheyn, Citizens Bank
Sean Carter AAP, NEACH
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 the complexities of the Latin American region from a treasury management perspective and how US multinationals address them, including improving visibility and control, liquidity, and optimal capital structures for their local subsidiaries in the region.
Eduard Casajuana, Santander Bank
We’ll delve into the classifications of Digital Assets, the nuances of each and why the are being touted as the next new thing. We’ll talk about payment tokens, utility tokens, governance tokens and non-fungible tokens. You’ll learn the use cases for each and delve into the importance of these tokens in the future of finance.
Lynne Marlor, Boston Blockchain Association
2:15-2:30 – Refreshment Break
2:30-3:30 Concurrent Sessions
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. We will look back at the unprecedented Fed hiking cycle and give an update on the latest regulatory framework for on and offshore money market funds.
Following the session you will have a better understanding of how your short-term cash is being managed by your investment partners and will be more prepared for any upcoming regulatory changes.
Matthew Jones, Western Asset Management
Revisiting the technology that makes up today’s fintech ecosystem and how it relates to recent upheavals in the banking sector. This session will discuss the growing expansion of fintech at the corporate and consumer level, the importance of regtech in managing it all, and how we move forward in the face of growing turmoil across the banking industry.
Kim DiNicola, Fintech Women USA
David Dwumah, OurBanc Corporation
Kimberly Monty-Holzel, Goodwin Proctor
Dianne Phalon, FLOWX.AI
Yuhong Yin, IBM Data and AI
The value of accepting virtual card for payables is clear for buyers – efficiency gains, working capital, risk mitigation, and an additional revenue stream. While suppliers can reap many of the same benefits by accepting card payments, it can often take a little more education, negotiation, and/or process modification to help them realize that value. Learn how to position your payment strategy in a way that is enticing to your suppliers.
Kat Battle, Bank of America
Wes Campbell, Bank of America
New technology is continually being promoted to CFOs and Treasurers as the path to digital transformation, hyper automation, and real-time business intelligence. Artificial intelligence, BI and APIs are potentially groundbreaking but without a data-driven strategy these are apps in search of a problem.
In this session, we are going to think differently – about data, technology, and treasury transformation – and discuss how the next generation of technology such as AI and APIs will meaningfully improve treasury automation, intelligence, and real-time decisions for treasury teams who are injecting data science into their treasury strategy.
If you’re curious about what AI and machine learning should accomplish, if your treasury needs RPA bots, or how technology is going to protect your team against payments fraud – this is the session for you.
Tom Gavaghan, Kyriba
3:30-3:45 – Refreshment Break
3:45-4:45- Concurrent Sessions
The Federal Reserve raised interest rates by 425 bps in 2022, to a range of 4.25% to 4.50%. This was one of the most aggressive starts to a tightening cycle in the last 40 years and the Fed Funds Rate is now at its highest level since 2007. While this is a good time to be a cash investor, it’s also a challenging time given the shape of curve and the specter of persistent inflation. Where on the yield curve does it make sense to position your portfolio? Do you maximize yields today or extend duration to potentially lock in better levels of income over the long term?
Hear from Merganser Capital Management’s Chief Investment Officer, Andy Smock, and Boston College Director of Investments, David Martens, to discuss different cash investment portfolio strategies across the yield curve.
David Martens, Boston College
Andrew M. Smock CFA, Merganser Capital Managememt
A before-and-after look at innovation and investment in fintech through the lens of the recent challenges in the banking industry. A panel of industry experts and practitioners will discuss where the fintech industry was headed prior to the crisis, and how businesses, borrowers, and investors are adapting to changes in the industry.
Kim DiNicola, Fintech Women USA
Jagathi Gururajan, Fintech Women USA
Rulanna Neilson, Community Capital Technology
Barbara Russell, Cap W Global
Melissa Schwab-Wright, Goodwin Proctor
The session will cover the basics of identifying what unclaimed property is, who is responsible for reporting, why compliance is important, where you file your reports, and how to streamline the process. Discuss a proactive approach to unclaimed property to reduce liability, control costs, retain more customers, and have a positive overall impact on your company. This session will provide an update an on the unclaimed property landscape and best practices for establishing policies and procedures.
Tracy Olsen, MarketSphere Unclaimed Property Specialists