Treasury Management for CFOs

In the radically changing economic environment, treasury is both central and critical to many of the key tasks facing a CFO – managing FX risks, ensuring availability of credit, driving working capital efficiency and restructuring banking relations to work in a shared services environment. This workshop provides practical examples of the best practice used by multinationals to meet these challenges.

Topics include:

• Best practice in international treasury and current trends
• Treasury organisation and treasury techniques
• Liquidity management and investment
• Supply chain management and working capital
• Shared service centres and payment factories
• Global payment infrastructure and technology
• What to expect in the future

Programme

Best practice in international treasury and current trends

• Treasury as a strategic tool and performance driver for the CFO
• Maximising liquidity and availability of credit facilities
• Managing for economic value rather than accounting value
• Importance of: cash; liquidity; working capital management
• Role of ERP systems to create supply chain efficiency
• New products and responses of the banking players
• Impact of the credit crunch on bank relationships
• Coping with FX: interest rate; commodity; counterparty risk

Treasury organisation and treasury techniques

• Organisation of treasury and the role of the CFO
• Setting treasury policy and governance
• Treasury as a tool to actively manage risks
• Levels of treasury responsibility: centralised; distributed; decentralised
• Inter-company lending: re-invoicing; factoring
• Centralising exposure management: inter-company FX
• Tax neutral or tax advantaged treasury vehicles
• Matching duration of credit facilities to cash flows

Liquidity management and investment

• Accessing balances and capital locked in the organisation
• Types of notional pooling, zero balancing and concentration
• The tax, legal, documentation and regulatory issues
• Mobilising core balances and money market investment
• Impact of IAS 39 and Basel II/III on the corporate balance sheet

Supply chain management and working capital

• Principles of supplier and receivables financing
• Creating win, win, win in the chain
• Financing: POs; invoices; acceptances; promissory notes
• Off-balance treatment: SEC issues; without recourse
• Leveraging credit differentials
• Distributor and inventory financing

Shared service centres and payment factories

• Critical role of treasury to deliver banking interfaces to SSCs
• Integration of ERP accounting with payments systems
• Examples from Oracle and SAP
• Achieving economies of scale: benchmarking the processes
• Challenges to eliminate domestic instruments and paper
• New business models for commercial flows: commissionaire; limited buy/sell

Global payment infrastructure and technology

• Multi banking and corporate access to: Swift; FileAct; MA-CUGs; SCORE
• What is happening in SEPA?
• Applying the right security and controls
• Automated bank reconciliation and receivables matching
• Cash forecasting process
• The great formats debate: ISO20022; EDIFACT; ANSI; BANSTA; BAI; MT940
• Creating a treasury dashboard

What to expect in the future

• Treasury policy agenda issues for CFOs