This 4 day interactive workshop is designed to provide current, practical strategies, tools and techniques for best in breed treasury management, including: alternative treasury organization models, treasury benchmarking and metrics, cash optimization tools and techniques, integrated cash forecasting models, working capital management, best practice use of treasury technology, interest rate and foreign exchange risk management.

Attend this Intensive and Highly Practical 4–Day Training Course and Learn Strategies, Tools and Techniques to:

• Improve visibility, control and optimization of global cash
• Optimize working capital and improve the accuracy of cash forecasts
• Enhance visibility, control and hedge effectiveness over foreign exchange and interest rate exposures
• Better understand treasury accounting for risk, cash and working capital
• Widen the utilization of treasury technology and reduce the cost of global treasury operations
• Develop and utilize treasury value-add metrics for improved control and results
• Increase treasury's business partnership and strategic value to the firm

Who Should Attend?

This course has been specifically designed for the benefit of:

• Chief Financial Officers, Treasurers, Assistant Treasurers and Directors Treasury desiring to improve treasury performance
• Finance and Accounting staff seeking a detailed, current understanding of treasury management
• Bank Vice Presidents and Directors in marketing product development and sales with a critical need to understand their customer’s world

 

DAY 1

Treasury Organization

• Treasury objectives
  -The critical factors
• Change in the paradigm
  -How the financial meltdown of 2006-2009 changed treasury
• Treasury’s evolving role
  -How treasury becomes more strategic
• MNC organization structure
  -How to improve control and effectiveness with less staff
• Vision for Integrated treasury
  -How to integrate all elements for improved results
• Treasury benchmarking and metrics
  -Shift from P&L to value-add metrics
  -Worked examples

Capital Structure

• Governance
• How to manage a global capital structure
  -Funding and investment strategy
  -Effective tools and techniques
  -Worked examples
• Investment policy
  -Key points to effective global governance
• Long and short term debt and credit ratings
  -Debt policy and governance
  -How to develop an effective strategy
  -Worked examples
• Investment lessons learned 2006-2008
  -What to do and what not to do
• Investment products
  -Comparison of current alternatives
  -Worked examples

DAY 2

Treasury Technology

• Best Practice use of treasury technology
  -How treasuries use technology
  -Map the process to success
• Layer the applications
  -More effective than a hope for full integration
• Treasury workstations
  -From business justification to RFP to implementation
• ERP systems
  -What they can and cannot do
• SWIFT Net
  -How to best use the technology
• Integration of bank technology

Treasury Tools

• Ownership of treasury tools
  -How to put an ownership program in place
• Treasury products
  -How to integrate the best solutions
• The regulatory environment
• Shared service centers
  -How to view the alternatives and opportunities
• Managing bank relationships
  -How to make it win-win
  -How to reduce costs
• Attendee exercise
  -Attendees will utilize a case study to design a bank RFP, step by step

Cash Flow Forecasting

• Forecasting objectives
  -How success is defined
• Forecast models
  -Worked examples of direct vs. indirect models
• Forecast line items
  -Map key cash flow drivers
• Reconciling the cash to the target and back
  -How to become more strategic in forecasting
• Build the forecast
  -Step by step for success

DAY 3

Global Liquidity Management

• Liquidity management objectives
  -How to find the optimal solution
• Liquidity management structures and techniques
  -Physical concentration compared to notional pooling
• In-house bank
  -Organizational structures
  -Selection of country of residence
• Foreign exchange
  -How to structure an effective program that controls risk
• Multi-lateral netting
  -How to establish a program that reduces costs and improves efficiency
• Multi-bank liquidity management
  -Follow-the-sun and reverse the sun techniques

Optimizing Global Liquidity

• Bank account structure
• Automation techniques
• Reduce float
  -Lockboxes, ARC, controlled disbursement
• Continuous linked settlement
• Controlling cash in restricted cash countries
• Cross border rules and tools
  -SWIFT messages
  -BIC’s and IBAN’s
• Daily global liquidity management cycle
  -Step by step

Working Capital Management

• What is working capital
• Treasury’s role in working capital management
  -Balance sheet management
• Working capital best practices
  -Rules, tools and techniques to drive improvements
• Worked examples
• Working capital metrics
  -Improve control with effective metrics
• Integrated with cash management and cash forecast
  -Walk cash to the balance sheet and back

DAY 4

Enterprise Risk Management

• Objectives
• Categories of risk
  -Core vs. non-core risks
• Putting a holistic process in place
  -Step by step key elements
  -COSO framework

Derivative Instruments

• Defined and objectives in use
• Commodities
  -Markets and hedging tools
• Interest rate risk
  -Nomenclature and pricing
  -Interest rate management strategy
  -Interest rate swaps, futures and CFD’s
  -Worked examples
• Foreign exchange risk
  -Nomenclature and pricing
  -Foreign exchange risk management strategy and operations
  -Spot, swaps, forwards, NDF’s, options
  -Foreign exchange policy key points
  -Worked examples
• Accounting for foreign exchange
  -FAS 133 hedge accounting requirements
  -Schedule of compliant and non-compliant transactions
  -Comparison to IFRS accounting treatment
  -Worked examples

• The course director (CTP) is a consultant in Treasury with expertise in global cash management, cash forecasting, treasury technology, investments, debt, foreign exchange and working capital management. Among many client projects, he has coordinated the reengineering of a $2 bn US cash management system for a healthcare company to improve cash control and reduce bank fees by an estimated 28%. He also engaged in a $17 bn MNC with operations in 123 countries to coordinate a banking rationalization; implement SAP Treasury and install SWIFT Net. Improved efficiency; reduced bank accounts; reduced bank fees; and improved cash control. Prior to establishing his consultancy he was Assistant Treasurer at EDS Corp $22bn High Tech company with operations in 83 Countries and had direct responsibility for the In-House Bank; global cash management; working capital; foreign exchange risk; $3 bn investment portfolio; and Treasury technology including SAP Treasury, SWIFT Net and a TWS. He developed a FAS 133 friendly foreign exchange management program though the In-House Bank that consistently resulted in monthly coverage of 97.5% of exposures on $40 bn in annual trading. He also designed and implemented a cash concentration structure for 83 countries that has resulted in a $715 mm (44%) reduction in surplus cash, daily visibility of 94% of cash balances and 95% forecasting accuracy over 90 day horizons.

  He was also Director of Treasury at Fidelity Investments a $14 bn revenue Mutual Fund company where he was responsible for global cash management, foreign exchange and working capital.

  He spent several years as Assistant Treasurer at Holiday Inns, a $2bn hotel chain with operations in 103 countries where he was responsible for global cash management, foreign exchange, bank debt and credit card processing.

  He is a frequent speaker at events sponsored by Regional Treasury Associations, AFP, Association of Corporate Treasurers and EuroFinance. Since establishing his consultancy he has led Treasury workshops of 3-20 days sponsored by various institutions in: the U.S., Canada, South Africa, Dubai, the U.K., Hong Kong, Zambia, Trinidad, and Barbados.

  The course director is a past Chairman of the AFP and has served on several of the associations’ committees. He holds a BA from University of Richmond, an MBA from Virginia Commonwealth University and the CTP certification from the AFP.

Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.

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