Session 11 | Texpo Conference
Do Androids Dream of Electric Spreadsheets? AI-powered Cash forecasting (I) (F)
- Nicolas Christiaen, CEO & Co-founder, CashForce
- James Kelly, Group Treasurer, Pearson
Friday, September 4th
8:30am - 9:30am
Plumbing the depths of the seemingly infinite sea of spreadsheets is still a known task in treasury, although the negative consequences are common knowledge among business departments. The processes involved are manual, time-consuming, and treasury & finance teams frequently struggle to obtain the information they need from other departments. Luckily, the AI revolution comes with a myriad of benefits. Technology doesn’t suffer from some of the dilemmas humans may face in finance which could affect people’s ability to make good decisions: computers do not need vacations or sleep, they are less biased and can do the job more precise. These are obstacles in which AI, in comparison to managing spreadsheets manually, can excel.
By implementing solutions that utilize big data and artificial intelligence technology, companies can effectively gain better insights into their Cash forecasting without having to go through this continuous labor-intensive process. Integrating business data on your cash flows can have the potential to unlock more cash than ever. Moreover, the AI-powered Cash forecasting accumulates its full power and reveals its grander purpose after a certain period of time. By collecting previous data and comparing numerous simulations it continuously improves, creating new simulations and revealing hidden patterns. By looking into more complex patterns, it allows for creating data analysis to a higher degree of quality than ever before. Eventually helping treasury and finance departments quickly obtain and present a single and accurate version of the truth.
Nicolas Christiaen is a Finance Analytics expert specialized in Cash Management and Cash Forecasting. He is CEO & Co-founder of Cashforce, a new and leading working capital management & forecasting platform. With Cashforce, he has been working on international projects in the distribution & retail, manufacturing, logistics and services industries. He also leads the R&D department within Cashforce, making him the go-to-man for cutting-edge Cash Management technologies and practices. As a technology and cash specialist he is a renowned guest speaker in the FinTech community as well as a frequent panelist at international Treasury Conferences.
James Kelly is Group Treasurer at Pearson, a FTSE 100 listed education company. James is responsible for Treasury, Insurance and Cash Management for the group. Since joining, James has done significant work to simplify its financial operations including streamlining its FX operation and has undertaken over $1.5bn of early public debt repayments through market tender and make whole exercises. James recently led Pearson's debut ESG offering, refinancing it's loan facility to put a $1.2bn, 5 year facility in place with a margin linked to the company's performance in advancing vocational education outside the UK.
Managing Operating Cash in a Dynamic Interest Rate Environment (I) (F)
- Steven Lamel, Principal Product Manager, Liquidity, BNY Mellon
- Larry Stephenson, Treasury Manager, PSEG
Friday, September 4th
8:30am - 9:30am
For Treasurers seeking to put organizational operating cash to optimal use, nothing is constant when it comes to reacting to interest rate activity – as it impacts those efforts – except change. And with the Federal Reserve’s 180-degree turn in interest rate policy throughout the past few years (three rate increases in 2018, followed by three rate decreases in 2019), the truth of that maxim continues.
Attendees this session will learn:
- Examples of monetary, geopolitical and regulatory factors that may influence interest rates and organizations’ appetite for certain balance types
- Current preferences for operating cash levels and requirements around transaction flows
- Optional market solutions, both active and passive, that aim to help manage balances
- Use cases that underscore potential deposit solutions, including alternate tiered structures.
Steven Lamel is a member of BNY Mellon’s Treasury Services Liquidity and Balances Service group and serves as a principal product manager. In this role, Steven supports a full offering of liquidity solutions to meet client needs for managing excess operating cash and to grow incremental and profitable fee income. Prior to joining the Liquidity and Balance Service group, Steven served as a senior product manager within Global Payments managing several Multicurrency product lines. Before joining BNY Mellon, Steven held several positions with Morgan Stanley and Goldman Sachs, concentrating on cash management and bank liquidity for both the Asset Servicing and Broker-Dealer aspects of the business. Steven holds a BA in economics from Stony Brook University and an MBA in finance from New York University.
Larry Stephenson is the Manager of Cash Management at Public Service Enterprise Group (PSEG), where he oversees the short term borrowing, short term investing and cash forecasting activities for PSEG and its subsidiaries. PSEG is a holding company with a diversified business mix within the energy industry. Its operations are primarily in the Northeastern and Mid-Atlantic United States and in other select markets. Larry also manages the banking relationships for PSEG, which includes $4.2 Billion of credit facilities and two Commercial Paper programs totaling $1.6 Billion. He has been with PSEG for over 20 years in various capacities within the organization, including Accounting, Corporate Properties, Corporate Finance and Cash Management. Larry received an MBA from Baruch College (Zicklin School of Business), and is a member of the AFP, and American Association of Blacks in Energy (AABE). He is a Certified Treasury Professional (CTP), with over 30 years of Accounting/Finance experience.
CTP – Chapter 14, 16 & 17 – Cash Forecasting, Op. & Fin. Risk Mgmt (B)
- Dubos Masson, Ph.D, CTP, CertICM, President, The Treasury Academy
- Tyrone Gant, CTP, SVP, Director of Treasury Management, Vector Bank
Friday, September 4th
8:30am - 9:30am
- ETM5-Ch 14: Cash Forecasting
- ETM5-Ch 16: Operational Risk Management
- ETM5-Ch 17: Financial Risk Management
This session begins with a detailed discussion of cash forecasting, focusing on the calculations involved in this area. The session continues with a general overview of risk management in treasury, including concepts such as financial risk, operational risk and enterprise risk management. The session concludes with coverage of the use of financial derivatives such as forwards, futures, options and swaps in the area of financial risk management. The focus is on how companies use these instruments to hedge their exposures in various areas and markets.
D.J. Masson, Ph.D., is President of The Treasury Academy, a training and consulting firm specializing in treasury management, international finance, business forecasting, and risk management. Over the past 25 years, D.J. has provided business and financial consulting and training services to a wide variety of corporations, financial institutions, and not-for-profit organizations in the U.S., Canada, and abroad. He is currently an Associate Clinical Professor of Finance at Indiana University’s Kelly School of Business and is a trainer and curriculum developer for programs with Association for Financial Professionals (AFP), GT News and Association of Corporate Treasurers (ACT) in the U.K, and Citibank’s Global Transactions Services unit. D.J. has extensive experience in developing curriculum for a wide range of teaching and training environments, both residential and on-line. He has developed classes and taught at all levels of higher education: undergraduate, MBA, Executive MBA, and in-house, custom-designed courses. D.J. has worked with professional associations to develop workshop, training materials, and certification programs in the areas of Treasury Management, Credit Management, Global Cash Management, Financial Forecasting, Commercial Banking, and Risk Management. D. J.’s educational background includes a B.A. in Business from the University of New Orleans and an MBA and Ph.D. in Finance from Indiana University. D.J. earned his Certified Cash Manager (CCM/CTP) credential in 1988. D.J. also earned the Cert ICM, an international cash management certification, from the Association of Corporate Treasurers (ACT) in the UK in 1999.
Tyrone Gant, CTP, is the Director of Treasury Management for Vectra Bank Colorado, a division of Zions Bancorporation. Tyrone is a results oriented financial professional with 25 plus years’ experience in the banking industry including leading and executing growth and sales strategies, new business development and treasury management consulting.
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