Sessions are organized into tracks so you can create an experience to meet your business needs.
Mix and match your tracks and sessions to focus on your topic of choice.
Two moves from the Federal Reserve are affecting cash yields: Policy rate at 0.00-0.25% and an adjustment to their monetary policy frame work, keeping rates low for the next decade. These low and negative rates mean investors are working harder to earn yield. Coupled with possible future regulation, yields could be further challenged in the years ahead. We discuss which strategies can be deployed for greater return, liquidity and safety while considering reform affects.
Will Goldthwait, State Street Global Advisors
With rates now at or near zero, liquidity investing decisions are challenging. With long rates rising, many investors are repositioning their fixed income exposure. What steps should you consider when investing your short-term cash? What are the risks/rewards for investing further out the curve? This can’t miss session will showcase various liquidity solutions utilizing money market, microshort and ultrashort portfolio management strategies.
Paul Magan, Nick Tripodes CFA, Mark Weiss CFA, Federated Hermes Liquidity Management
Robotic Process Automation (RPA) is the one of the latest buzzword technologies to cross business and IT landscapes. It’s taken particular hold in helping to streamline core financial and operational process. Is RPA ready to add value to the Treasury and FP&A functions?
Learn how Treasury and FP&A departments can leverage RPA to increase productivity, reliability, consistency, compliance, and accuracy.
At the close of the session, you will be able to
-Understand the basics of RPA and where in the Treasury and FP&A roadmaps it makes sense to apply
-Know the skills and technologies you will have to acquire to make RPA work in your organization
-Prepare for the potential impact RPA can have on your existing workforce enabling them to focus on more strategic tasks
Brian Kalish, Kalish Consulting, Inc.
A panel discussion focused on why companies are prioritizing ESG as a business imperative. We’ll cover considerations of how a company determines the best way to start their ESG focus and the ways they evaluate success through ROI, Clients and Employee factors along with a broader environmental perspective. A TBL seeks to measure a corporation’s level of commitment to corporate social responsibility over time.
Emma Best, Wake Forest University
Senofer Mendoza, Mendoza Ventures
Abbey Novack, Bank of America
An overview of Tax issues arising in domestic and cross-border treasury management, focusing on developments from the US 2017 Tax Cut and Jobs Act , OECD’S Base Erosion and Profits Shifting project, and relevant European Union initiatives.
This presentation should provide
– Current tax law developments impacting treasury management.
-Relevant tax terminology and concepts.
-Examples of common scenarios and their outcomes.
The session agenda will survey –
-Effective tax rate calculation and considerations
-Restrictions on intercompany payments
-Targeted tax measures
Charles R. Hills CPA, L&V Partners
Latin America presents a wide range of opportunities to US companies; however differences in culture, legal framework, and language should be considered by investors. Many countries are experiencing political changes derived from economic problems triggering diverse economic and regulatory restrictions and complexities related in some cases to a extensive and cumbersome bureaucracy.
Whether you are already operating in the region, thinking about expanding your footprint, considering selling goods or services or investing in the region it is key to receive the right advice on local market conditions and receive appropriate guidance on local banking practices that will indeed affect the local / regional treasury structure of your company.
Some of the benefits of the session will include current macroeconomic indicators, trade flow and FDI analysis/prospects in the region and good practices when expanding in the region.
Vicente Ferrer, Santander Bank
Managing cash globally comes with a unique set of challenges for corporate treasury staff, such as limited ACH addenda in Canada, CLABE numbers in Mexico, bank drafts in China, payment purpose codes in India, or something as simple as adding or removing signatories in the Middle East. Each country and region is unique, and HQ treasury teams have a daunting task to manage and centralize one of the most important assets to an organization: cash!
During this session, in addition to exploring ways to address the above challenges, attendees will also gain an understanding of how to structure letters of credit to maximize risk mitigation; learn to identify risk areas that should be considered with letters of credit; and get a country-by-country review of common letter of credit practices.
Anthony Guide CTP, PNC Bank
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 CTP, Citizens Bank, N.A.
Lana Skryabina, The Clearing House
Rapid expansion in payment types for B2C leverage emerging technology that can enhance consumer satisfaction while mitigating risk, reducing costs and driving efficiency for payment originator – what should you consider in prioritizing those payment alternatives.
Sean Carter AAP, NEACH
Money moves and managers are hearing quite a lot about APIs lately, but do the explanations lack tangible evidence to back claims like “faster, connectivity, and integration?” Or are the stakes for the promise to optimize unclear, too technical, or even risky?
This session will tackle common challenges to communicating with clarity about Application Programming Interfaces (APIs) and explore some very simple solutions toward better understanding and awareness of the incredible amount of applications and benefits.
Citing real-world examples (in plain language) of the agility value in API-enabled businesses, this session encourages diverse new ways of socializing technology from the client’s perspective, and why speaking the “what” in terms of the “how” is just as important as “why?”
Michael Draxton, U.S. Bank
Nina Hanselmann, U.S. Bank
Daniel Keleher, U.S. Bank
Get an industry update about how expedited payments have evolved, the impact of recent changes and what’s on the horizon. Explore how treasury organizations are grappling with transitioning from a batch world to a real-time world to meet ever-changing customer expectations — while remaining true to their business strategy.
Glenn A. Davis, PNC Bank
The London Interbank Offered Rate (LIBOR) is the most widely used global benchmark or interest reference rate for short term interest rates. LIBOR is the globally recognized base rate for pricing loans, debt, intercompany agreements, and derivatives. The LIBOR rate is expected to cease after 2021, and LIBOR-linked loans may not be offered after Q3-2020. LIBOR rate will be replaced with several global benchmarks (US: SOFR EU: ESTR, Britain: SONIA, Swiss: SARON and Japan: TONAR.) Other, comparable to IBOR rates e.g., Canadian Dollar Offered Rate (CDOR), SGD SIBOR or Yen TIBOR will also transition to overnight rates, but timelines are not fully aligned with 5 LIBOR rates transitions.
Financial instruments such as FX (Internal and External), Bonds, IRS, CCS, Bank Guarantees, Letters of Credit, REPO Investments, Loans, and intercompany Loans by using of Derivative, FX, and Money Market would be expected to be tracked and valued within the various Treasury Management System modules. Tasks such as replacing the reference rate, updating the existing financial instruments and the calculation methodology in the financial instruments cash flows, valuations and month end interest accruals will need to occur within the Treasury management systems to ensure business continuity.
Treasurers can no longer procrastinate, It is important for them to listen, plan for and act immediately on their Libor transition plan. Monumental tasks such as identifying one’s exposure to Libor base agreements, reviewing for fallback language and potentially unwinding all the outstanding contracts are just some of the tasks that are required.
Listen to the challenges, gain insight into the transitioning process that Corporates need to be ready for the financial market change in the discontinuation of LIBOR reference rate after 2021.
Constantine Tyraskis, Zanders Treasury & Finance Solutions
Every day is a new day for the criminals busy with new tactics, techniques, and procedures in payments fraud. For businesses, the consequences of being victimized can mean financial losses, brand damage, and even business discontinuity. It is critical for the business leaders to keep themselves updated with the latest concerning payment fraud in order to prepare your organization against it. In this presentation, Jonathan Paquette, Head of Customer Success, US at TIS will share his experience from 10 years of being a treasurer, building security into corporate payment processes in order to minimize fraud risks and how he applies such experience to help TIS clients tackle fraud and protect themselves from threats to its financial and reputational health. Jonathan will discuss the rising need for robust fraud prevention and detection practices and how to take action against the growing threats of external and internal fraud before it is too late.
Jonathan Paquette, TIS (Treasury Intelligence Solutions)
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.
spkr tbd, Bank of America
You determined your capital needs and debt issuance. The immediate next step is to identify the optimal hedge protocol. This requires optimizing across both quantitative and qualitative risk metrics and balancing the costs of hedging with the benefits of protection. Once appropriate hedge instruments and structures have been identified, it is important to negotiate the most favorable terms and pricing. Here from interest rate hedging experts on how interest rate derivatives can help mitigate your company’s risk.
Juan Enrique Arreola CFA, Hedge Trackers
Learn about current trends, best practices and important actions you can take to help safeguard your organization against cyber threats such as Ransomware, Business Email Compromise and Payment Fraud.
Carolyn DeVar, J.P. Morgan
FP&A “Speed to Insight at the Speed of Thought”: Brian Kalish, Moderator
Bank Relationship Management: Michael Lenihan, Moderator
Corporate Treasury/Cash Management: Coleman Nee, Jr., CTP, Moderator
Payments: Sean Carter, AAP, NEACH, Moderator
Retail: Jeanne Keane, CTP, Staples, Moderator
Money Markets: Peter Crane, Crane Data, Moderator
Community Banks: Edie Joyce, CTP, Enterprise Bank, Moderator
Merger & Acquisition activity across all sectors creates challenges for corporate treasurers who must provide strategic support before, during and after a transition. After the merger of Gannett and GateHouse in late 2019, integration of the two companies kicked into high gear in early 2020. Within just weeks the team found themselves with an unexpected, unprecedented challenge; the world was in the midst of a global pandemic.
In this session we will learn what it was like to transition a major project into a remote environment. We will discuss the considerations and consolidation involved with various Treasury platforms including Accounts Receivables, Accounts Payable and Treasury Systems and will review lessons learned and offer advice for doing business in, a now common place, remote working environment.
Carolyn Markowski, HSBC Bank USA, N.A.
Betty Tudisco CTP, Gannett Media Co.
The changing environment has driven corporates to explore innovative liquidity solution such as Virtual Accounts to increase treasury efficiency and simplify cash management. In this session, we will discuss the key features of Virtual Accounts, the role of Virtual Accounts to support corporates move to a centralized treasury operating model and the potential benefits associated with the adoption of Virtual Accounts.
Leticia Lim, J.P. Morgan
Multiple treasury surveys concluded that cash forecasting remains the primary challenge of treasurers. However, despite all efforts, many treasurers are still struggling with the accuracy and frequency of the forecasts they receive.
Why is it so difficult for treasury departments to generate accurate cash forecasts? Can the new technologies available today (AI, RPA, APIs, etc.) solve this challenge? With lots of buzz around these technologies, how do treasuries understand what’s available and what makes sense for them?
Join Tracey Ferguson Knight, Director-Solution Engineering at HighRadius to discover the hype vs reality of various technologies and how they can help you achieve an automated and accurate cash forecast.
Tracey Ferguson Knight, HighRadius Corporation
What happens when your business model is completely disrupted? To keep afloat you have to find new ways to collect cash receipts from your customers while keeping your workplace secure. Hear about multi-channel use cases to help you define a strategy to support cash payments. In this session, you will learn about the obstacles to cash collection processes in a new environment and hear how you can navigate the options and transform operations.
Stacy Diamond,Raymond Gatland, Heather Magaha, Andrew Yeates, Wells Fargo
In recent years, a West Monroe research series has found that among corporate treasury practitioners, an “easy” experience is cited as the number one factor in retaining a relationship with a bank. Our initial report detailed the difficulties corporate clients face in day-to-day interactions with their banks. As one respondent stated: “Easy means flexible. Hard means unwavering. Our ‘easy’ banks get all of our new business.” To be sure, improving the experience for corporate clients is a multifaceted challenge that impacts nearly every touchpoint between treasury practitioners and their bank. What is more, despite the agreement around the need to improve client experience, commonly held benchmarks have remained elusive for banks.
A 2019 follow-up to the original report detailed how corporates are measuring and evaluating bank performance in meeting treasury needs. During this interactive session using live-polling, we’ll reveal new benchmarks for how corporates measure and evaluate their banks. Practitioners will learn how peer organizations evaluate their banks, and bankers will learn how they stack up against these benchmarks.
Sid Pattanam, West Monroe
David Wexler, West Monroe
Join Arca CEO, Rayne Steinberg, Arca Labs president, Jerald David, and Fidelity Digital Assets’ Director of Business Development, Josh Deems, for an informational session on why corporate treasurers need to start thinking about digital assets.
Beyond the potential return profile, treasurers must consider the operations, custody, accounting, reporting, tax, and risk controls when adding a digital asset to their portfolio. These are big decisions with real consequences. Low to high volatility, unregistered to registered, our presenters will unpack the benefits and risks of different assets in this ecosystem and how they fit into treasury management.
As pioneers in the digital asset space, Arca and Fidelity Digital Assets are two institutional-focused companies with strong ties to traditional finance.
Arca’s product set includes actively-managed hedge funds, passive vehicles, and first-to-market blockchain transferred funds (“BTFs”). The first BTF is the Arca US Treasury Fund, the first registered fund to issue shares via the blockchain, which integrates blockchain’s peer-to-peer technology and instant settlement features with traditional investment vehicles.
Jerald David, Arca Labs
Josh Deems, Fidelity Digital Assets
Rayne Steinberg, Arca Labs
Checks are one of the oldest methods of payment in the modern era, and although their use among consumers has declined significantly, businesses are another story. While they are less common in other parts of the world, North Americans often use checks for businesses expenses regularly. This is particularly true when payments must be made cross-border.
Checks present a variety of issues, and those issues are not always as obvious as people think. Certainly, checks can seem like a valuable alternative when other payment methods are too complex or require the payment to be sent to another country. This is particularly true when we look at Canadian businesses operating across the border in the United States, but the problem is not exclusive to Canada-US payments.
Although countries may share a close relationship, banking networks often remain largely separate and utilize different payment networks. These networks often do not speak to each other, meaning a business cannot send an electronic payment cross-border in many cases.
What solutions are available to help businesses move away from making payments via checks, or to make checks more efficient/secure? Various solutions exist, but primarily consist of:
– Positive Pay check verification network
– Interac e-transfers (although many barriers exist)
– Enabling digital payments or holding foreign currencies via Virtual Accounts
Dan Caputo, Ascendant