Treasury Management


Educational Sessions

Managing Newly-Acquired Companies: Best Practices

Whether you are a financial sponsor acquiring a portfolio company or a corporate growing through acquisition, every CFO and treasurer will be faced with a myriad of challenges and uncertainties. PMC Treasury along with their panel of experts have years of hands-on experience managing acquisitions and will attest that no two are the same. This expert panel shares lessons on how they managed and overcame key challenges. Topics in this session include: Liquidity Management – ensuring the financial needs of the new company are met, utilizing existing cash or managing new debt; Risk Management – identifying and mitigating exposures (i.e., currency or commodity) of the acquired company; and Operational Cash Management – ensuring controls are in place on all bank accounts, including signing authority and access to banking systems.

Fintech and Millennials: The Perfect Storm

The pace of innovation in financial technology will advance exponentially as millennials continue rising to leadership positions. Progress has been most evident in the consumer market, but what will be the impact to financial professionals in the corporate market? What would a PayPal for business change? What about a for Trade Finance? Or a robo-advisor for treasury management? The confluence of fintech and millennials will result in a new layer of technology. The millennial push for improved user experience and fintech‘s incorporation of machine learning capabilities will be the main forces. The result will be tools that sit above various data silos and enable capabilities to orchestrate different systems as if there are master dials. The mid-market VP of Finance will have recommendations at their fingertips that allow the decision making of a fully stacked finance department. In this scenario, the size of the pie is expanded and everyone involved wins: the professionals, the corporations and the banks. Follow this exploration of the true purpose of fintech and its ability to grow through collaboration to help make the next generation of financial professionals most successful.

Fallen Angels: How to Manage a Decline in Credit Quality and its Related Implications

Cyclical business conditions can lead to a dramatic decline in credit/balance sheet strength. After terminating a proposed inversion merger in mid-2016, CF Industries went through several rounds of negotiations with lenders and fixed-income investors to amend and restructure its liquidity facilities and $1 billion of private placement notes in response to deteriorating conditions in the agricultural commodity market. Discover how disclosure requirements and audit-opinion considerations impact timing decisions for communicating with rating agencies and lender negotiations, and acquire a framework for coordinating board and senior executive input on covenant structures in this strategic session.

Asset-Based Credit Agreements: Common Provisions and Compliance Challenges

When negotiating a credit agreement, several factors, including the borrower's risk profile or credit ratings, impact the breadth of the affirmative, negative and financial covenants imposed on the borrower. But some of the most burdensome credit agreements are asset-based lending (ABL) credit agreements. Attendees gain a better understanding of the basics of ABL credit agreements, including common provisions and pitfalls, and to discover best practices for borrowers to comply with the complex provisions of ABL credit facilities.

Perspectives on Liquidity Investing

Post-SEC money market fund reform, institutional cash investors have encountered challenges in investing and diversifying their cash holdings in the short-term space. Join this expert panel as they provide a background on market dynamics and share their perspectives on liquidity investing and provide best practices to support your investment practices, manage changes in market liquidity, select the right investment products and cope with a volatile regulatory environment.

The Customer Centric Treasury

The role of treasurer and corporate treasury continues its expansion from transaction processing center to strategic leader. To meet this challenge, treasurers have to become effective at working with their counterparts in corporate and business units to provide strategic advice on M&A deals, improve supplier finance, lead tax operations and perform other functions that require a more holistic view of the organization. This session explores how a variety of treasury organizations have navigated this strategic shift, and reviews case studies to find out how they managed the mix of organizational structure, technology and skill sets that make such a broad strategic mandate work.

Million Dollar Savings: Partnering with your Banks

When Exelon recognized the need to fully understand the services being provided by their cash management banking partners, they turned their focus on their analysis statements and billing relationships. In this session, attendees gain best practices by examining Exelon’s journey through the challenges they experienced in partnering with their banks to execute a project for creating process efficiencies, enhancing risk mitigation, reducing cash management fees, and identifying product areas offered by multiple providers to align services and further reduce fees.

Best Bet for Treasury Management Success: How Las Vegas Sands Selected a Global Workstation

For corporations based in the U.S. that do substantial business around the world, having a highly effective global treasury management system is imperative. In this highly tactical session, Las Vegas Sands Corporation shares best practices in selecting a global treasury management system provider, evaluating the needs of the business to develop an effective RFP, and Treasury’s collaboration with a banking treasury advisor to refine the search process. Attendees gain an understanding of the key components of the RFP, as it relates to how the new workstation supports the business today and three to five years down the road.

A Global Treasury Transformation Story: How Boyd Developed a Center of Excellence

For treasury professionals, robust global growth can be a blessing and a curse. Decentralized operations can lead to trapped cash, redundant processes resulting in inefficiencies, fragmented handling of payables and receivables, and a lack of controls, which creates risk. To address these challenges, Boyd Corporation shares its best practices in executing a highly successful treasury centralization initiative and examines how treasury developed a holistic and forward-thinking operational and technological vision to enable it to effectively meet the greater needs of the organization.

Loan Agreement Fundamentals and Best Practices

Loan agreements and related security documents can be hundreds of pages long, with lots of fish hooks buried in them, making it hard for a borrower’s treasury team to know where to focus its review. Walk through a typical loan agreement, and gain an overview of customary representations and warranties, affirmative and negative covenants and events of default in this informative session. Attendees gain best practices for negotiating credit facilities and a checklist designed to assist with achieving ongoing compliance with often complex loan documentation.

Using Metrics That Matter to Justify Investments in Treasury Technology

Selecting and defining KPIs for treasury is essential to proving its value. Without the right metrics in place, it is difficult for corporates to determine the efficacy of their treasury operations or to identify the return on their technology investments. Learn about treasury KPIs that are common across all industries and why benchmarking KPIs against your peers matters in this informative session.

How a Healthcare Service Corporation Transformed Treasury into a Best Practices Treasury

What does a best practices treasury team look like in 2017? At Health Care Service Corporation (HCSC), best practices are not just an objective but a business culture driven from the top down. HCSC’s treasury teammates are expected to be subject-matter experts in cash management, capital efficiency, and bank relationship management. A panel of treasury executives discusses the importance of striving for best practices and shares examples of their resulting treasury successes utilizing change management.

Secrets to Reconciling Bank Statements Globally

Many corporations struggle with reconciling bank statements globally, but it doesn’t have to be that way. Learn from Marsh & McLennan Companies (MMC) and Elire on how they were able to successfully establish a solution to this common treasury pain point using their existing global treasury system. This case study showcases the details of this complex integration of multiple-source systems used to centralize a single reconciliation point, which includes the global rollout of Book-to-Bank reconciliation for the U.S., Europe, Latin America, and Asia Pacific.