7:30 – 9:00 – Registration & Welcome Coffee
9:00-10:00 – Concurrent Sessions
After several years of growing economic growth, the red sky at morning is causing investors to take warning that the long anticipated recession may be finally washing up on the global shores. Negative rates and inverted yield curves are signals of the global slowdown that has been exasperated by trade disputes, Brexit, demographics and political instability.
Although the Federal Reserve and most other central banks are attempting to quell fears of uncertainty by lowering rates and adding liquidity to the system, their collective efforts to date have had little impact on bolstering sentiment and may even be contributing to the heightened anxiety. As a result, investors have been finding protection from increased volatility in money market funds and other near cash equivalents.
During this presentation, the dramatic shift in market conditions and investors reactions to the heightened uncertainty will be reviewed. We will additionally delve into the nuances within the liquidity markets to enable cash managers to assess prudent investment process disciplines and potential risk dynamics to create a safe port during the looming storm.
speaker TBA, Fidelity Investments
This session will present Stifel Financial Corp’s Roadmap and Implementation of Oracle ERP Cloud. Join the Stifel and Elire teams to learn how the client journey to ERP Cloud optimized business processes to support their digital transformation and their journey to ERP Cloud. Attendees will learn how the successful Global deployment of ERP Cloud helped automate Bank Connectivity, Stifel’s Cash Control, Broker/Dealer Funding Processes, Financial Reporting and Disclosures, increased Cash Visibility, and eliminated manual reconciliation processing.
You will receive insights directly from one of Oracle’s first Financial Services ERP Cloud success stories on their journey to the cloud. Stifel was an early adopter of ERP Cloud, and other functionality like Cash Management and advanced payment processing in cloud. You will hear Stifel’s lessons learned and be able apply them to your own implementations to help refine your strategies and ensure you deliver a successful implementation to your key stakeholders.
Jim Barry, Stifel
Logan Wacker, Elire
The London Interbank Offered Rate (Libor) is scheduled to be replaced in 2021. Libor’s replacement effects globally over US $350 Trillion in open contracts involving derivatives, capital markets, loans, leases and other financial instruments. For years, Libor has been a benchmark rates used in valuing financial instruments and its replacement will impact everyone from financial institutions, to corporations to system vendors.
In 2017, the Alternative Reference Rate Committer (ARRC) selected the Secure Overnight Finance Rate (SOFR) as it’s replacement. Corporate treasuries need to be prepared for the numerous challenges it will have on their reported financial instruments for transitioning and going forward.
Listen to why the change from Libor to SOFR, the differences between the two rates and what is occurring in the UK and in Europe. Understand the latest in current activities and the steps required for transitioning. Gain insight into the effects on Treasury Management Systems (TMS) with new yield curve constructions and the amendments on existing transactions.
Keith Bergman, Zanders Treasury & Finance Solutions
In this session, treasury and finance professionals will learn how to develop an efficient and effective FX risk management program employing leading practices and technology. They will walk through each stage of the program: outlining objectives, determining risk thresholds, capturing exposures, managing constraints, creating and executing an effective strategy, managing costs, measuring program effectiveness, and establishing accounting treatment. Participants will leave with an action plan for creating an efficient hedging strategy that achieves organizational risk management objectives.
Greg Deveney CTP, Chatham Financial
The payment system in the US is rapidly evolving. NACHA has proposed new windows to enhance ACH processing and The Clearing House has developed the first true Real Time Payment network (RTP) in the US. The Federal Reserve Bank has also announced the development of a real time settlement system as well. Each Payment channel, be it Wire Transfer, Cards, Check, ACH and now Instant Payments/RTP has unique characteristics and can appeal to different use cases. Join industry professionals Alex Romeo of The Clearing House ( largest Private Sector Payment Operator ) and Tom Lopes of Citibank (one of the world’s leading financial institutions) as they explain recent changes to the ACH as well as new Same Day ACH processing enhancements and the new Real Time Network and how these options will help you, your business and your clients transact faster and smarter.
Tom Lopes, Citibank NA
Alex Romeo, The Clearing House
Increasing interest rate differentials between the U.S. and the Eurozone have provided an incentive for multinational corporations to finance European operations with Euro-denominated debt. There are various ways of creating local debt, with different accounting implications associated with each. In addition, new accounting standards related to derivatives provide an opportunity to take advantage of the interest rate differential, with minimal accounting complications. During this session, the speakers will provide an overview of their strategies related to these transactions, and describe real scenarios to demonstrate these principles.
Ruth Hardie, Hedge Trackers
This session will feature a panel discussion on Disruptive Technologies. What is the disruption and why now? You’ll learn what’s next in the world of disruption and hear from a corporate practitioner who has disrupted relating their story and product offering.
Aimee Goodwin, Flywire
Charu Manglani, Global Product Consultant
Lynne Marlor, Transformational Strategies
10:00 – 10:15 – Refreshment Break sponsored by
10:15 – 11:15 – Concurrent Sessions
After years of negative ramifications from the liquidity crisis, the economy and yield environment have enjoyed a solid recovery. That said, in 2019 we witnessed an evolving Fed policy with easing occurring on several occasions in the interest of prolonging economic expansion. In addition, we observed an inverted yield curve, creating confusion in the fixed-income markets. This session will analyze those subjects and offer practical strategies for investors to consider in the current market.
Kirk Black CTP CPA, BNY Mellon
Many surveys by the AFP and others have shown that TMS are pervasive within most large companies. These same surveys have also shown a dissatisfaction with the “product”; for example, companies with TMS continue to use and depend on 1980s technology (i.e. spreadsheets) to execute many treasury functions.
During this presentation the speakers will explore possible reasons why a TMS is not delivering as promised. While it is often convenient to blame shortcomings within a vendor’s service, the presenters will discuss how their experiences have revealed that Treasury, and even other financial functions within a company, must assume some responsibility for a TMS’s inability to produce the desired outcomes.
Bruce Lynn CTP, THE FECG LLC
Daniel Melski, CFA, Church & Dwight Co., Inc.
Now that instant payments are becoming a global reality, 2020 will continue to be a hugely significant year for RTP around the world, including: a view on what FedNow means for TheClearingHouse’s RTP initiative; insight into the continued adoption of SEPA Instant Transfers in Europe and the impact of PSD2, and; a view on varying instant payment schemes being driven out of Asia – including UPI in India and the Australia release of its New Payments Platform (NPP).
This session will take a broad look at the growing adoption of real-time payments, the broad global market trends, the new opportunities RTP presents for banks, along with the significant challenges that banks must overcome when transitioning from legacy batch processes to 24/7 x 365 API connectivity. We will discuss the impact that consumer behavior and regulation have on real time payments globally, and how these varying trends drive market adoption and will close with a discussion on the challenges that corporate treasury departments will face in managing real-time data and liquidity.
Amy Beninato, Deutsche Bank
New technology capabilities, payment vehicles and delivery models have created new risks; securing your treasury technology is key to maintaining treasury’s position as the financial nerve center of the company. What actions should treasury departments take to protect data and cash and which should be addressed first?
Treasury Strategies and Kroll are respective leaders in Treasury best-practices and cyber fraud/cyber risk protective strategies. They will share the latest technological exploits and strategies you can take to help avoid financial impacts as well as reputation and operational risks.
We’ll update treasury professionals and discuss: risks treasury departments face today, specifically around the use of STP technology; The most prevalent areas of exposure, focusing on fraud prevention and electronic security; Best practices to combat cyber exploitation, and New technologies organizations are leveraging to validate payees, delivery instructions and identify fraudulent transactions.
Jeff Diorio, Treasury Strategies, a division of Novantas
Michael Quinn, Kroll
How can a legacy payment system like ACH that is over 40 years old still meet the needs of today’s businesses and organizations? This session will explore the opportunities and challenges of using emerging API technology with a long-standing domestic payment system and share observations and ideas on what opportunities this new channel could bring to the ACH network, and the companies and organizations that leverage it for payments. As the payments space undergoes transformative changes, attendees will find this session important as the new API channel for ACH becomes available and will offer their companies and organizations unprecedented new opportunities for integration and innovation.
Mike Draxton and Gregory Rettinger, U.S. Bank
Payment netting adds real economic value, yet there are many organizations which have not adopted a solution to manage intercompany invoices and payments. Treasury and Accounting teams face more FX challenges today than ever before due to multiple global entities and business in various functional currencies. Simply put, a netting program allows companies to efficiently and effectively settle payables and receivables so each entity only pays or receives one settlement per period in its local currency.
Tyler Thurgood, GPS Capital Markets, Inc.
In this session, our panel will discuss highly actionable ways to address financial automation that can create momentum to tackle the strategic initiatives of your CFO and Treasurer. By starting with low cost, low resource technologies such as RPA and APIs, your organization can gain some quick hits, both freeing up time and starting to cultivate a data-centric mindset. These experiences and project successes are the foundation for adding on strategic projects using emerging tech like Big Data and AI.
Craig Jeffery, Strategic Treasurer
Seth Marlowe, CTP, CPCP, AAP, Wells Fargo Bank, N.A.
Steven Peterson, Chick Fil A
11:15 – 11:30 – Refreshment Break
11:30 – 12:30 – Concurrent Sessions
The role of the corporation is rapidly evolving as investors and institutions increasingly demand long-term strategic commitments that incorporate ESG issues—issues that can be linked to long-term financial performance and value creation. However, assessing the impacts of various ESG factors remains a matter of much debate.
Hear from a panel of experts and practitioners as they consider specific ESG factors and express differing views on how they may be shaping corporate cash management, debt issuance and equity shareholder trends.
Discussion will include:
-Which ESG considerations are relevant to corporate treasurers and why (covers liquidity and short duration fixed income strategies)
-Two client views– from skeptical to supportive–on specific ESG factors
-Insights from HSBC on why ESG factors are important for treasury teams from an investment perspective and from an issuance/equity ownership standpoint
-Implementing an ESG cash management strategy
Donald E. Norris, HSBC Global Asset Management
Treasurers are increasingly seeking strategies to become data-driven in their analysis and decision making from basic treasury tasks such as cash forecasting to more complex projects including fraud prevention, currency impact analysis and working capital optimization. In this session, Kyriba will discuss how data visualization can be used to manage treasury data; Why treasury should learn about data warehouses and data lakes; Ways treasury can utilize artificial intelligence; New practices to improve treasury basics, including cash forecasting, and Tips for talking to IT about becoming data-driven.
Claudia Gonzalez, Kyriba
In this session, Mr. Glassman will dissect the latest trends in the economy that businesses should know about, from trade dynamics to labor market fluctuations, inflationary pressures to the future of the economic expansion. He will provide relevant, timely insights on the world around you—all with a focus on breaking through the noise to help you navigate today’s business environment in the economy’s new normal.
James Glassman, J.P. Morgan
Many corporations hedge remeasurement exposures, even when those hedges are busy hedging accounting but NOT economic exposures. This session reminds treasurers and treasury professionals about the importance of preserving USD cash, and their hedge programs; especially those at treasury centers who frequently and unnecessarily convert USD cash to foreign holding with their remeasurement forward contract.
PTC’s Treasury was charged with 2 contradictory objectives: protect the company from remeasurement gains/losses impacting the P&L and reduce the forward point expense. Where some companies have started betting which exposures can remain unhedged to reduce forward point expense, PTC went to the next step. Identifying what remeasurement exposures were accounting risks but not economic risks, and un-hedged remeasurement exposures with net investment hedges. In this session, Doug Doo, PTC’s Treasury Director will describe their exposures, their unique motives and the saving solutions they implemented.
Douglas Doo, PTC
Helen Kane, Hedge Trackers
Same Day ACH is on track to deliver 250 million faster payments in 2019, and will have delivered over 445 million faster payments since September of 2016. At the request of corporate treasury and payment practitioners, Same Day ACH continues to be enhanced as the payments landscape evolves. Now, Nacha and the ACH Network are delivering on faster funds availability, higher dollar limits and later processing deadlines. Speakers from Nacha and JPMorgan Chase (representing Nacha’s Rules and Operations Committee) will tell the story of how corporate input made these change a reality, and how the ACH Network will bring these and enhancements to market.
You will learn about the scope of the changes to Same Day ACH; the most common, and the most surprising, use cases for Same Day ACH payments; best practices for implementation and pitfalls to avoid; as well as insights into the future of Same Day ACH as Nacha continues to work on additional enhancements.
Amy Leslie, JPMorgan Chase
Peter C. Hohenstein, NACHA
Despite being the most important function for treasurers, traditional Cash Forecasting delivers
inaccurate and unreliable results even in the short term, rendering them unsuitable for decision
making at an executive level. In addition to unreliability, the process is highly inefficient with
treasury teams spending the majority of their time compiling the forecast, leaving little to no
time for variance analysis and accuracy improvement.
However, by leveraging Artificial Intelligence algorithms exclusively built to forecast
cash across all cash flow categories, the cash forecasting process has been fundamentally
redefined, including the way Treasury professionals process and use the forecast. With AI,
treasurers are able to increase the types of data sources leveraged and variables analyzed,
replace Excel-based models, increase the frequency of forecasting and ensure that every
forecast is subject to variance analysis to help improve accuracy over time.
Join this session to deep-dive into how Artificial Intelligence improves Cash Forecasting by:
● Delivering highly accurate forecasts across all operating & non-operating cash flow
categories including A/R and A/P
● Automating the generation of forecasts at individual department, unit and regional level
as well as rolling up these forecasts into the central level
● Automatically improving the accuracy of the forecast through continuous variance
analysis and optimization at all levels
● Taking treasurers into the digital age where they spend time only on analyzing the
output instead of manual tasks
Tracey Ferguson Knight, HighRadius Corporation
Hear from successful women who have built long-lasting successful careers in Banking and Treasury. The panel will examine the profound and prosaic changes happening in the world of Banking, Payments and Treasury, and how they impact customers, women and all Treasury professionals. Hear their perspectives on what it’s been like for them, what they are hoping for from future employers and their take on the challenges and the successes from their careers.
Moderator: Rick Moskowitz, KeyBank
12:30 – 2:15 – Luncheon sponsored by
Keynote Speaker: Seth Magaziner, General Treasurer, State of Rhode Island
2:15 – 3:15 – Concurrent Sessions
This panel discussion (comprised of two custodians and a member from International Swaps and Derivatives Assoc. (ISDA)) will address some of the key factors that the target audience needs to know regarding the upcoming roll out of Phases 5 and 6 for the new US and EU Margin Rules effecting cash collateral for Uncleared Swaps. We will examine and discuss in detail the proposed rule changes and how they may impact anyone who is trading Bi-lateral / Uncleared Swaps. The panel will also introduce guidance on the role of the custodian and how they plan to establish the required “segregated custody” accounts to hold the required collateral.
Mark E. Kelly, State Street – Fund Connect
Many organizations are trying to keep up with every regulation possible, but some can be easily overlooked. Unclaimed Property reporting can often fall into that category as it’s often an internal battle on what department will oversee this function. Learn how to navigate through the various complexities and regulations related to unclaimed property. Failure to properly comply with these statutes may subject the company to penalty and interest assessments. As such, all “holders” of unclaimed property need to understand the requirements and establish effective processes to ensure that they are in compliance as its more than just uncashed checks…unidentified remittances.
Understand how proactive measures early on can reduce and mitigate efforts if in the crosshairs of an unclaimed property audit. Hear how mergers and acquisitions, internal accounting policies, system conversions, third party relationships, and misunderstandings often enhance escheatment liability.
Clive Cohen, MarketSphere Unclaimed Property Specialists
For too long intercompany lending has been ignored by treasury teams and technology providers. It is deemed ‘internal housekeeping’.
This session will demonstrate that the time for manual input and excel spreadsheets to manage intercompany loans and payments are over.
Learn how APIs, combined with smart contracts and distributed ledgers can create a flexible, fast and much less error-prone process for internal lending.
Havell Rodrigues, Adjoint, Inc.
Many consumer disbursement processes are paper-driven, manual and time consuming. As a result, they are not time or cost efficient and often leave customers and companies unsatisfied. This breakout will discuss these challenges in-depth. Each participant will understand the current challenges that exist with disbursing infrequent payments to individuals, especially with consumer customers. They will understand the market dynamics that have, to date, made disbursing these funds via paper necessary to achieve the highest level of efficiency possible. Additionally, participants will brainstorm options to create more efficiencies with these payments utilizing new payment technologies and vendor options available today.
Adam Kruis, U.S. Bank
Currency fluctuations are a natural outcome of the floating exchange rate system, and when currencies fluctuate, they can create uncertainty and instability, affecting capital flows and international trade. In this session, we’ll discuss how to make good currency decisions to protect your business margins and provide you time to react to unfavorable currency developments. We’ll focus on self-correcting exchange rates; the currency cycle; driving factors in the current environment; and how the Asia, Europe and U.S. markets could impact exchange rates. In our dynamic and interconnected global economy, understanding the relationships of global variables remains vital. In order to effectively manage risk, it is crucial to understand how your side of the ‘teeter totter’ reacts to the other.
Rick Moskowitz, KeyBank
Exponential Technology continues to accelerate at an exponential rate. Robotic Process Automation (RPA), Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) are beginning to become embedded within Treasury organizations. Treasury roadmaps are being developed with exponential technology to help mitigate risk, improve efficiencies and increase Treasury’s overall value.
Listen to how smart treasuries have become in applying exponential technology. Understand the difference between RPA and a macro as well as the difference between attended versus unattended robots. Listen to how RPA in eliminating manual work, AI in mitigating risk and DLT is enabling smart contracts to increase transparency and speed up payments. Learn that automation alone does not add value and what is needed to take advantage of the latest technology. Gain insight into understanding the practical Treasury use cases and how they may apply to your own organization.
Keith Bergman, Zanders Treasury & Finance Solutions
AFP’s Certified Treasury Professional certification signifies your mastery of a rigorous body of treasury, cash and risk management knowledge and is viewed by employers and managers as a best practice for finance departments. Hear practitioners discuss why they chose to earn the CTP, how they prepared for the exam and some benefits of holding the credential, as well as why employers encourage their staffs to pursue the designation.
Sean Locke, CTP, BrightSphere Investment Group
Laurance Selnick, CTP, Webster Bank
3:15 – 6:00 – Business Connection Zone
This innovative networking reception will provide a socially-engaging atmosphere to discuss business. Play a round of mini-golf, interact with an illusionist, or win the hole-in-one competition, all while connecting with other attendees and vendors and enjoying local food and beverages.
8:00 – 9:15 – Breakfast sponsored by
Breakfast speaker: Peter Gordon, Head of Emerging Payments Product and Strategy, U.S. Bank
Once these technologies are understood, identifying proper application within the organization can require a measured approach. Peter will discuss the five step process companies can adopt to position themselves to best serve their stakeholders and themselves through enhanced electronic payment types and channels.
Understand – initial assessment of current payment products and data integration
Gather – understand stakeholders (customers, vendors, employees) payment needs and desires
Analyze – identify any gaps in current payment product mix
Optimize – alter the structure to meet the needs of stakeholders, while also standardizing internal processes
Evolve – Identify what you need to adjust to align with industry trends.
Peter Gordon, U.S. Bank
9:15 – 10:15 – Concurrent Sessions
This presentation is designed to help corporate treasury professionals form opinions around ESG investing, integrate ESG into their investment strategy and understand how ESG screening can be applied to money market fund securities. The panel presentation will be led by market experts from SSGA and RBC GAM and will also include one corporate practitioner who will share their team’s views on ESG and socially responsible investing, and the incorporation into cash management.
Will Goldthwait, State Street Global Advisors
With increased tax regulations / frameworks that impact business models, Treasurers need to play an active role in managing the associated impact to financial flows and risk and utilize this as an opportunity to maximize returns and shareholder value. An In-House Bank is a powerful tool to achieve this, and so it is important for treasury professionals to understand the concept, strategies, tools and techniques and common pitfalls for successful operationalization of an IHB.
In this session, we will provide an overview of IHB, with a deep dive on individual building blocks, including entity, people, services, banking and technology. Then, we will focus on tools and techniques to successfully design and implement an IHB and role of Treasury. Further, we will discuss typical challenges in IHB implementations and ways to address them. We will then present a recent case study.
Davide I. di Gennaro, Pricewaterhouse Coopers LLP
This panel of corporate practitioners and industry experts discuss the realities and challenges involved in managing bank relationships in 2020. The panel will speak to the complexity of banking relationships today, what drives the decision to work with one or more banks, current regulatory impact on banks and corporates alike, how to engage your bankers in your company’s regular banking reviews, and will recommend tools to help grade your banks’ performance and to divide up your share of wallet.
Michael Lenihan, TMXpert Group
Marci Lerner, Hologic
Gina Powers, Dunkin Brands
Mandatory reporting of LIBOR will continue through the end of 2021; but will LIBOR continue to be considered a representative rate through 2021? What happens if my derivative switches to a new index before my term loan switches? Will LIBOR really end in 2021? What can I do know to start preparing for the transition? These are some of the questions that we are being asked. During this session, speakers will provide a brief overview of the status of changes to global benchmark interest rates. The bulk of the discussion will center around what Treasury can do now to prepare themselves for the switch to and the mechanics of the US replacement rate SOFR that will require changes to asset classes throughout the organization.
Ruth Hardie, Hedge Trackers
Pamela Sullivan, Virtusa
For any business, commodity price risk can be elusive. At last year’s NE AFP, we spoke about recognizing risk and how to manage price risk within multi-layered supply chains. This year, we’re taking it one step further – a step-by-step guide to successfully implement a price risk strategy based on your business goals. We will walk through the four recommended steps to get started: 1) Diversification: choosing the right mix of tools; 2) Discipline: protect margins and eliminate bias; 3) Control: test and measure results; and 4) Account: accounting for your hedge portfolio.
Craig Haymaker CPA, HedgeStar
Timothy Johanson, Cargill
Business Email Compromise. Account Take-over. Social Engineering. Payroll Diversion. Card compromise and the Dark Web. Internal fraud.
Organizations continue to confront increasing rate and sophistication of attacks. Emerging faster payment channels introduce 24/7 origination, settlement in seconds and irrevocability. Expanding API connectivity is driving a migration from batch processing to real time execution. Mobile web-based activity has introduced new threat vectors. The immediacy and finality of an increasing number of transaction sets amplifies potential risk.
While there is no single silver bullet solution, building and maintaining a strong system of internal controls continues to represent the best line of defense. This session will review current fraud metrics, profile primary threats and provide other relevant insights. Most importantly, it will look to share a template of best practice control elements for activities with vendors, employees, customers and other stakeholders.
David Temme, PNC Bank
Dennis Corbett CTP, Silicon Valley Bank
10:15-10:30 – Refreshment Break
10:30 – 11:30 – Concurrent Sessions
This session will examine the current fixed income landscape.
Alec Rapaport, Mercer
Forecasting remains a top priority for Treasuries in 2020. With a focus on evolving a more accurate forecast approach, Treasury and finance departments are utilizing new technologies and processes to automate and simplify the forecasting process.
In this presentation Jeff Diorio and Paul LaRock of TSI will focus on the new technologies and best practice approaches for automating the forecast process and enhancing the effectiveness of your forecast. These include new vendor solutions and products like robotics processing (RPA) and artificial intelligence (AI). Marci Lerner, Treasurer of Hologic, will describe how they automated their forecast.
In addition we will explore some the new forecasting technology solutions and review real world examples of how organizations have optimized their existing capabilities to enhance your forecasting. Finally, we will lead an interactive discussion on employing these technologies and ways to improving your forecast process.
Jeff Diorio and Paul LaRock, Treasury Strategies, a division of Novantas
Marci Lerner, Hologic
This session will explore lessons learned by a treasury management team during a recent treasury integration project that was a result of multiple acquisitions. Themes will highlight best practices for managing a successful acquisition from a treasury perspective as well as how to approach integration after the acquisition closes.
Linda Birta-Mammet, CertITM, J.P. Morgan
Bank of America
Over the next 3 years, the global finance infrastructure will change firmly to the use of ISO20022 payments. Virtually all major central banks will be implementing—US Federal Reserve, Bank of England, European Central Bank, Bank of Japan, and many more. Will your organization be ready? Do you know what this means for your own company’s payments? This session will provide strategic advice on how to navigate these changes but control your risk and your own costs. Real-world advice from 3 actual transformation projects will be covered in detail. You will learn the following:
1) What is the true impact to your firm in risk, cost, and timelines
2) How can you manage the labrynth of payment interfaces/systems you already own within this new environment
3) A strategic roadmap to moving your firm forward by 2021
Cory Bratts, Elire Inc.
More and more U.S. companies are selling globally. These exporters’ lenders and investors face some big challenges: Are we prepared to support payment terms as long as 90 days? 180 days? Let alone for sales to other countries? What happens if the exporter doesn’t get paid? How would they (or we) navigate another country’s legal system to collect payment? What if the other country’s legal system or government is the problem?
Tools exist to manage these risks while enabling exporters to extend competitive international payment terms. The most prolific of these is export credit insurance. Used extensively by exporters in other countries, the coverage is now catching on among U.S. companies . . . and financial institutions.
Key topics to be covered: Growing global demand for credit; International nonpayment risks; Tools for managing export credit; Export credit insurance policies; Customer creditworthiness analysis; and, Credit conditions in key markets.
Jenny Norris, Meridian Finance
Global treasury has progressed significantly in the past decade through changing landscapes in politics, regulatory environment, central bank policy and economic expansion. A lot of this change has been driven by and made possible by technology. From RMB internationalization in China and the introduction of faster payments to increased cyber fraud and the need for real-time data, Treasurers are constantly faced with new and evolving challenges in today’s environment. We will analyze new and emerging technologies that are redefining and automating business processes and the efficiencies that can be gained across the treasury function.
Sarah Hopkins, JPMorgan Chase
11:30 – 1:15 – Luncheon sponsored by
Keynote Speaker: Tim White, Author, WPRI Investigative Reporter
1:15 – 2:15 – Concurrent Sessions
There has been an avalanche of new technologies available to Treasury and Finance teams coupled with significant change in the Treasury Management System vendor solution marketplace. What should you be looking for and how do you get value from it?
This presentation will discuss the impact of new technologies and TMS offerings for Treasury and finance groups. We will review the new systems and technologies that Treasury and Finance are using to optimize their operations, as well as what’s the latest trends in the Treasury Management Systems marketplace. It will include the uses of dashboarding, robotics processing and AI; an update on many of the existing offerings and changes to Treasury management technology marketplace and what to think about as you are selecting and implementing new technologies. This session will conclude with an interactive discussion of ways to utilize these technologies in participants treasury operations.
Jeff Diorio, Treasury Strategies, a division of Novantas
Timothy McNamara, Dell
This session will provide an overview of tax issues occurring in domestic and cross-border treasury management, focusing on impacts of the 2017 Tax Cut and Jobs Act and OECD’S Base Erosion and Profits Shifting project.
Charles R. Hills CPA, L&V Partners
Mary Rosendahl, Bank of America
After brief context on the RTP® network and Citizens Bank’s implementation and status, the session will provide a firsthand account of lessons learned during the implementation process and a look ahead for real-time payments at the bank. This includes: feedback from clients on what they expect, how the bank responded, and insights about the path to client adoption.
Jim Maimone, Citizens Bank
Mark Majeske, The Clearing House
Digital Commerce has clients selling and sourcing globally much earlier in their development. Understanding the risks and opportunities is critical to succeeding as you expand beyond the U.S. This practical guide will benefit small, first time exporters/importers as well as larger firms seeking to establish global shared service centers to drive efficiencies for their foreign subsidiaries. Topics covered include understanding the risk and mitigants in cross-border transacting, leading-edge solutions that streamline global processing while generating free cash flow, and a practical guide to resources available to succeed.
Christopher Bozek, Santander Bank, NA
Process automation at financial services providers is poised to dramatically shift as access to heavy-duty tech infrastructure, large data repositories and new AI-based technologies diminish. To stay competitive and grow, FSPs will need to undertake significant investments without the luxury of proven roadmaps and returns. They also need to ensure steady business-as-usual operations through the change. This session will provide a set of guiding principles to balance the complexity of digital transformation through riskier (but smart) strategies, partnerships, cogent build vs. buy decisions and staying aligned with evolving regulations.
Pradeep Aradhya, Novus Laurus
2:15 – 2:30 – Refreshment Break
2:30 – 3:30 – Concurrent Sessions
A private liquidity fund provides an investment option that retains the benefits of liquidity funds prior to the reforms. With a 3c-7 designation, a private liquidity fund is permitted to offer a stable NAV without fees and gates. Most importantly, it has the ability to purchase prime instruments—such as commercial paper and variable-rate instruments—that historically have provided a higher yield than the investments options available for bank deposits and government funds. Join our session to learn how a private liquidity fund can fit in your investment framework.
Jeff Pauly, Bank of America
The ACH Network is an efficient , low cost payment system that delivers value to its participants. Corporations are asked to comply with a set of minimum requirements to ensure that all parties are protected and are receiving value from the use of the Network. There are times when the minimum standards are changed to reflect innovation for things like Same Day ACH or new SEC Codes, like WEB in the early 2000’s. Also, standards are changed to reflect perceived or actual gaps in the operating rules that expose one or more participants. This session we will take a look at the rule changes for 2020 and 2021 that are innovative, like the enhancements to same day transactions, but also changes that are intended to close gaps. Examples are the requirement to validate the account number for WEB transactions and the new data security standards. This session will not only discuss the rule requirement, but will also provide some tips and ideas on how your corporations can look at these rule changes as an opportunity as opposed to just a compliance obligation.
Sean Carter, AAP, NEACH
The electrification of the FX market has been widely adopted as standard practice but there are still many participants who spend too much time on workflow through the execution lifecycle. Some potential key takeaways for participants…
-Increase treasury department productivity: Reducing the amount of time spent on managing the FX process will allow the treasury team to focus on other areas where more value can be added.
-Decrease risk: FX exposure is a byproduct of doing business and represents an operational risk and cost. Cumbersome workflows increase the exposure to the natural volatility in the FX market. An automated process can help reduce the noise.
-Reap the benefits of increased transparency: Automation isn’t solely about execution. Normalizing the process allows you to compare “like-for-like” executions to find operational gaps, inefficiencies or underperforming counterparties.
James Norcott and Michael O’Malley, State Street Global Markets
The last decades of the 20th century brought considerable progress in women’s professional advancement in the world. Yet, the progress has been uneven and is slowing especially in the finance and technology space. Only 4% of the 150 global financial institutions (surveyed by Oliver Wyman in 2013) had women CEOs. Research repeatedly show positive correlation between gender diversity and other business metrics, including innovation, consumer satisfaction and operating profit.
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.
Jennifer Libby, CTP, CIEE
Jeanne Keane, CTP, Staples, Inc.
Ann Klein, AscendantFX
Patricia Mullin, Cambridge Trust Company
3:45- 4:45 – General Session
Neha Wattas, J.P. Morgan