Session 1

Monday, April 3rd
Room 201
9:45am – 10:45am
Executive

Mark O’Toole, Vice President Commodities & Treasury, OpenLink Financial

Session Description

Commodities procurement and treasury have traditionally been siloed. What challenges has this posed to the treasurer and what benefits have resulted from bridging the gap between the two? With the role of treasurer continually expanding beyond traditional cash management, how has this approach reduced costs and improved margins and what do treasurers need to overcome in this new role.

In a sense it is surprising that procurement and treasury have traditionally been siloed. After all, while procurement professionals concentrate on optimizing the physical supply chain, they also negotiate payment terms and discounts, and their purchase of goods and services represents very significant financial flows at most companies. These flows entail FX and commodity exposures and create increased risks and inefficiencies as they become more fragmented. Since procurement has a direct impact on treasury’s working capital and liquidity management objectives, what does treasury need to do to better manage this complexity?

Monday, April 3rd
Room 203
9:45am – 10:45am
Advanced

Chris Patterson, Vice President & Treasury Solution Specialist, PNC

Session Description

Invoice receipt and approvals can be a difficult process. Invoices being sent to multiple locations, manual approvals, document retention policies and missing out on payment term discounts can be a mess. Not to mention the lack of transparency as to where invoices are and how they are being reviewed. This session will discuss trends in invoice processing, tools used by companies to automate the process, and how banks, business consulting and software companies are getting involved to help sort through the mess.

Monday, April 3rd
Brazos
9:45am – 10:45am
Advanced – FP&A Renewal Credit

Ron Waliczek, Managing Director, OTC FX & Interest Rates OTC, FX & Rates, INTL FCStone

Session Description

U.S. companies continue to explore the options of selling, sourcing, or building resources from around the globe. While these initiatives are well planned, exciting, and potentially profitable, the one variable often overlooked is the volatility of a foreign currency. In just two weeks after the 2016 Presidential election, the USD index rallied nearly 5%, and since May of 2016, it has appreciated nearly 10%!

Foreign Exchange Risk management can be a simple process to eliminate volatility and protect both margins and cash or it can be a complicated incorporating various models, hedging products, and large teams of treasury professionals. We are going to begin the “Hedge School” by identifying the most common FX exposures, how they impact the company, and solutions to manage those risks.

Monday, April 3rd
Lone Star A
9:45am – 10:45am
Intermediate

Will Goldthwait, VP, Portfolio Strategist, State Street Global Advisors

Session Description

This session will highlight some of the key innovations that have been introduced to the cash management ecosystem over the last year. These innovations, spanning product, technology, and treasurers’ management actions have been driven mainly by reform and the low interest rate environment. But not all innovation is created equal. We will examine and debate a variety of these innovations and their relative benefit, or lack thereof, as corporate treasurers and cash managers continue to sort through the post reform world.

Attendees will learn about “the good, the bad and the ugly” innovations in:

  • Investment products — such as low volatility, ultra-ultra short-term conservative bond funds and private funds, and hear debate on the relative value of each
  • Technology — such as multiple intra-day NAVs/pricing, portal enhancements, website disclosures such as liquidity, shareholder activity and duration, and treasury workstation enhancements
  • Actions taken by practitioners — to reposition their cash strategies and portfolios in light of new and changing dynamics in the marketplace such as changes to forecasting models and IPSs

Attendees will also have the opportunity to interact with the panel and other attendees via the conference mobile app to weigh-in on what they think the most innovative developments in the cash market have been and vote for their own “Good, Bad and Ugly” candidates.

Monday, April 3rd
Lone Star B
9:45am – 10:45am
Intermediate

Paul Bramwell, EY

Session Description

This session will discuss the continuing contraction of the Treasury Management System vendor landscape and the seemingly ubiquitous cloud.  Should companies be worried about vendor risk, how painful is it to make a change to your TMS, does anybody enjoy changing their TMS?

Coupled with the shrinking TMS landscape, the term ‘cloud’ seems to be used by everyone – what does it mean and is it all just hot air? Attend this session if you’d like to get a better understanding of the technology landscape.

Monday, April 3rd
Lone Star C
9:45am – 10:45am
Intermediate

Matt Davies, AAP, CTP, CPP, Payments Outreach Officer, Federal Reserve Bank of Dallas

Session Description

This session will explore the evolving landscape of payments security and fraud. It will provide an update on the ongoing work of the Federal Reserve’s Secure Payments Task Force, the most recent trends in cyberthreats against the payments system, the progress of the move to the Europay-Mastercard-Visa (EMV) standard for chip cards in the U.S., and the late-2016 release of 3D Secure Version 2.0 to help combat the rise in card-not-present online fraud.

Monday, April 3rd
Room 301
9:45am – 10:45am
Basic

Tyrone Gant, CTP, 1st Vice President, Sales Manager, Colorado Business Bank
Dubos Masson, PhD, CTP, CertICM, President, The Treasury Academy

Session Description

  • ETM5-Ch 10: Introduction to Working Capital Management
  • ETM5-Ch 11: Working Capital Metrics

This session covers both the basics and the metrics (calculations) used in the area of working capital management. These topics include: cash conversion cycle, management of key working capital accounts (accounts receivable, inventory, accounts payable), and the investment and financing of working capital. The section on working capital metrics covers many of the important calculations used in the area, including days sales outstanding, aging schedules and payment pattern analysis.

Note: For maximum benefit of material, the presenters of the CTP session request doors to close 10 minutes after the session begins.

Monday, April 3rd
Room 303
9:45am – 10:45am
Intermediate

Dr. Matthew Hill, CMA, CTP, FP&A, Director, Arkansas State University Center for Treasury and Financial Analytics

Session Description

This session provides a review of time value of money and capital budgeting tools as a means for improving valuation estimates and in investment decision making. Specific topics discussed include:

  • A review of the assumptions that underlie the time value of money models
  • Calculations of present values and future values via Excel
  • Calculation and interpretation of the net present value and profitability index capital budgeting metrics

NOTE: Session Handouts available where indicated

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