Stream 5 - Spaghetti junction: How to streamline treasury and reduce complexity
Chaired by Jack Large, Partner, J&W Associates, UK
There is so much information flowing through your treasury, how can you best simplify what you need and what you are going to do with it? Perhaps it is a good time to think about the resources that companies will require in the future and who will deliver them. We know what you want: total cash visibility, as much STP as possible and standardisation and automation that frees up your time. You’ve hopefully sat through sessions earlier about the future, but what does this mean in practice? This stream features trends in technology and case studies about companies rethinking and reinvigorating their approach to information.
12:00
Switching on the tech when you need it (Case study)
It’s easy to get starry eyed about technology and the shiny new toys on offer. Many actually fall short of promise. So if you are in the process of requesting proposals for your treasury solutions then this case study will provide lessons learned on how to judge what you really need. One avenue is a turnkey solution. This defies the conventional wisdom of defining process first, but it delivers fast. Or, if you have built a road map for five years and beyond, and already know your needs, you may want technology to reflect that future point now. But remember, most decisions on technology need to be based on how much work on the process side you need to do first. This case study will look at how one company put its RFP together based on its available resources for the project and how they built a business case for a solution which may not have in the first instance been the obvious one.
Julia Pollard: Head of Funding and Risk, Old Mutual Group, UK
Michael Jones: Head of Treasury Operations, Old Mutual Group, UK
12:40
Lunch
Sponsored by Lloyds Bank Corporate Markets
Richard Dallas: Transactional Banking Director, Lloyds Bank Corporate Markets
14:00
What does streamlined cash management really mean? (Case study)
Whether building out a new cash management function, integrating acquisitions into an existing structure, or seeking to realize the cost advantages of a centralised treasury, streaming cash management is the foundation for an effective treasury organisation. This session will look at a variety of approaches to streamline your cash management model and discuss approaches to addressing common challenges faced when in pursuit of simplicity while balancing risk. Learn how this company deals with both restricted and open economies, its use of payment and collection factories, invoicing centres and purchasing organisations to bundle cash flow and liquidity, and risk efficiently.
Marco Schuchmann: Head of Treasury Operations & Payment Factory, AkzoNobel, The Netherlands
14:40
Too much information: What to do with cash visibility once you’ve got it (Case study)
So now you’ve got the visibility with the right technology. But what do you do with it? Eyes on the big and little picture, you can use critical forecasts to let you plan your debt capacity, your CP issuance, your CAPEX and let you know your up-to-the minute liquidity so that in the current rate environment, you can push out tenor for better yield if possible. Visibility of cash lets you be far more efficient in decision-making whether its counterparty risk issues or crucial working capital and funding choices.
Zsuzsanna Szabo: EMEA Cash Manager, Du Pont de Nemours International S.A., Switzerland
Jennifer Boussuge: Head of ISB Treasury Sales, Global Treasury Solutions, Bank of America Merrill Lynch, UK
15:20
Refreshment break
16:00
New delivery channels: Watch this space (Panel)
Payments and collections are in total transition in terms of tools. There are game-changing developments in methods of payment and collection, the biggest of which are mobile. But not a lot of companies seem bothered by this, assuming there aren’t relevant applications and uses for their industry or company. Treasury has also often dismissed this as an emerging markets tool, but now mobile payments and collections are mainstream with big name corporates innovating in a number of ways. There are five billion handsets out there and 500 million smart phones. That number is climbing so mobile payments and collections are only going to get bigger. Learn how your business can profit from these delivery channels.
Chris Skinner: Chairman, Financial Services Club, UK
Robert van der Zee: Treasurer, UN World Food Programme, Italy
Bart Jansen: Director of Treasury & Risk Management, Coca-Cola Hellenic, Greece
Geoff Iddison: Group Executive e-commerce and Mobile, MasterCard, USA
