While the largest US based multi-nationals have trillions of dollars showing as cash on their balance sheets, not all of it can be considered available for corporate use. Even Apple with over 200 billion of cash on its balance sheet finds it necessary to borrow to meet the needs of its stakeholders. Current proposals by the OECD’s Base Erosion and Profit Shifting Group and the IRS which is promulgating new rules to prevent “earnings stripping” together with the impact of Basel III’s liquidity rules on banks will make cash utilization even more complicated. As a result, the ability to execute tax efficient global liquidity strategies in 2017 will take center-stage across North American multi-national business operations.
Join our panelists who will discuss how now, more than ever, it is important for both treasury and tax to play well together if a corporation is to manage its liquidity in a tax effective manner.
Panel Moderator: Bruce Lynn, Chairman and Chief Operations Officer, Financial Executives Networking Group (FENG)
For the next 90 minutes delegates have an opportunity to take part in a series of interactive roundtable discussions. With 6-8 participants on each table, this format enables questions to be raised, debated and answered. Delegates will take part in two discussions from the list below:
Stream A – Bank Agnostic Payments
1. Payment Identity Management and Fraud Prevention
Leader: Michael Schreiber, Chief Treasury Officer, Yeshiva University
This roundtable will discuss the ever-evolving world of credit card compliance, fraud prevention and streamlining the payment process. With cyber security on the rise, both PCI and EMV compliance standards are becoming increasingly important. Michael will be able to share his experiences and the steps he has taken to improve the overall credit card environment at his University.
2. From Cheques to ACH
Leader: John Engeman, Director – Treasury, David Yurman
This roundtable will discuss how to begin the journey to outsourcing payments and eliminating paper cheques as a routine portion of your corporate payment process. The discussion will help you to benchmark your corporate payment programme alongside that of selected treasurers and understand the steps you need to take to get started on a journey to electronic B2B payments. John will act as a panel moderator for the session and provide examples on David Yurman’s transition from cheques to majority ACH and electronic payments.
3. In-House Bank and Workstation Implementation
Leader: Forrest Vollrath, Executive Director of Treasury Operations, Health Care Service Corporation (HCSC)
4. Utilizing straight-through-processing to heighten speed in transaction processing
Leader: Kevin Webster, Vice President - Sales, Accuity
5. How to get the most out of your Treasury Management System
Leader: Warren Davey, Executive Vice President, GTreasury
Stream B – Bank Enabled Payments
6. Supply Chain Finance and Procure-to-Pay
Leader: Robert Belshaw, Director – Global Trade Solutions, BNP Paribas
Join this session to discuss the short and long term impacts of the convergence of Fintech with traditional supply chain finance with a focus on procure to pay. Explore with your peers the multitude of new players in the market, the value they provide and the challenges faced by bank and third-party platform providers with these new entrants. Participants will be asked to provide options for relevance in both short and long term scenarios and offer opinions on the new landscape, predict the winners and help design.
Testing across blockchain is underway for many of the nation’s leading banking institutions as first-mover tech gains from Silicon Valley intensify. Distributed ledgers are set to disrupt corporate banking but the question remains how impactful the software behind bitcoin will prove to be for corporate clientele and a treasurer expecting to take advantage of the electronic ledger’s ability to seal trade finance and cross-border settlement data.
The panelists will provide an overview of blockchain and help you to understand whether your corporation could gain first-mover advantage, what role will FinTech corporations play within the blockchain ecosystem and when to expect your banking partner’s blockchain strategy to move from proof of concept to realization whilst avoiding regulatory, identity and security headwinds ahead.
Panel Moderator: Joseph Neu, Founder and CEO, The NeuGroup
If stagnation is the ‘new normal’ for the world economy, corporates treasurers may be confronted with paying for deposits, gaining invisible yield on ‘vanilla instruments’ and low-level growth awhile longer. Panelists will discuss how their approach to surplus cash segmentation is changing to reflect the reality of longer-term low rate conditions. Expect a series of informed opinions on macroeconomic predictions and its relevance to future-proofing corporate investment policy.
Panel Moderator: James Santoro, Managing Director – Head of Liquidity & Investment Advisory - Americas, BNP Paribas
Panel Moderator: Ryan Kipp, Global Head – Sales and Product, Cachematrix
The practice of ‘stress-testing’ is typically associated with strategic liquidity planning and an effective risk management tool used to gauge to bank stability. However, with persistence of fragile global growth and re-emergence of FX and commodity volatility, treasurers should begin re-focusing efforts on internal stress-testing and contingency planning in order to accurately forecast, analyze and manage the impact of market movements on the performance of company cash, assets and the strength of the balance sheet. The treasurer will expand on a corporate approach to multi-variable scenario stress testing as a vital exercise in testing liquidity risk tolerance and optimizing governance.