Get Up to Speed on Real-Time Payments

Transcription

1 OCTOBER 21-24, 2018 CHAPEL HILL, NC An exceptional on-campus professional development opportunity Get Up to Speed on Real-Time Payments

2 WHAT OUR ATTENDEES HAVE TO SAY... I found the UNC Treasury Management Program to be very valuable. The program was very well run from registration to the closing session. The instructors were knowledgeable, their information was timely and they each did a very good job of engaging with the program attendees. I really enjoyed the conference it was just the right level of detail, no session was too generic nor did the sessions go into minute detail. I also enjoyed that each presenter provided a list of action items that might pertain to us and our jobs back home. I look forward to next year's program. Scott Schwartz, Director of Treasury and Risk AMERICAN Cast Iron Pipe Company Ericka Larson, Treasury Analyst Graco Inc.

3 WHO SHOULD ATTEND? FOUNDATIONS IN TREASURY MANAGEMENT TRACK Individuals who may be new to the treasury management field Practitioners whose responsibilities include treasury or cash management Those who have a general knowledge of financial principles A background in treasury management is not necessary STRATEGIC ISSUES FOR TREASURY TRACK Practitioners that have significant experience in treasury or cash management practices and who are familiar with the field s practices and tools AGENDA AT A GLANCE OCTOBER Sunday Evening Cocktail Reception Monday Working Breakfast Monday Classes Monday Evening Group Dinner with Instructors Tuesday Working Breakfast Tuesday Classes Tuesday Evening Town Hall Meeting Wednesday Working Breakfast Wednesday Classes Wednesday Morning Joint Session 5:30 pm 6:30 pm 8:30 am 5:00 pm 6:30 pm 8:00 pm 8:30 am 5:00 pm 5:00 pm 5:30 pm 8:30 am 9:45 am 10:00 am 11:30 am

4 UNC TREASURY MANAGEMENT CURRICULUM Choose from sessions in either track to customize your agenda! Sunday, October 21 5:30 pm 6:30 pm Registration & Cocktail Reception at The Carolina Inn Foundations in Treasury Management Strategic Issues for Treasury Joint Sessions for Both Tracks Monday, October 22 8:30 am 10:00 am 10:15 am 11:45 am 12:45pm 2:00 pm 2:15 pm 3:30 pm 3:45 pm 5:00 pm 6:30 pm 8:00 pm FOUNDATIONS IN TREASURY MANAGEMENT Cryptocurrencies to Checks: How Money Moves Cryptocurrencies to Checks: How Money Moves examines each of the payment vehicles available for today's treasury manager. Highlighted are the new real-time payment systems (RTP), Zelle, Same Day ACH, and the applications for Distributed Ledger (Blockchain technology) and cryptocurrencies. These are contrasted to the unique features of check, ACH, credit and debit cards, including capabilities, cost, speed, convenience, and finality. Improving Cash Application Improving Cash Application focuses on the many ways companies gather corporate receipts and maintain an efficient receivables cycle. Among the topics covered are the operation of a collection system and the suitability of various options, including remote deposit capture, e-lockbox systems and direct debit, as well as dealing with customers using cards to pay invoices. The session also includes a discussion of monitoring techniques for enhancing performance and reducing DSO. 11:45 am 12:45 pm Networking Lunch at the Friday Center Digital Transaction Experience Digital Transaction Experience focuses on the issues and risks affecting your B2B, B2C and C2B ecosystems. Learn how customer preferences for various accelerated payment channels with their speed, transparency, and collaboration are transforming interactions with customers, suppliers, and employees. With API connectivity providing for migration from legacy batch to continuous, end-to-end processing costs are lower. This session provides a framework for evaluating alternatives and actionable strategies for participants. Payment Methods and Your Liabilities Payment Methods and Your Liabilities addresses risk management in the context of maximizing cash management and operational efficiencies in the world of faster payments. The session examines the federal governance and the bank rules for stop payment orders, positive pay, and signatures which are based in the Federal Reserve Regulations, Uniform Commercial Code (UCC), ACH operational rules and Card Association requirements. Cash Forecasting Techniques Cash Forecasting Techniques reviews direct forecasting of cashflows (receipts and disbursements) without the necessity of specialized tools or software. We ll consider the overall forecast strategy, types and sources of cashflows, techniques for forecasting and opportunities to streamline and improve your forecast. 5:15 pm Networking Dinner for Program Participants and Instructors STRATEGIC ISSUES FOR TREASURY Introductions & Program Overview Breakfast Unlocking Working Capital Unlocking Working Capital focuses on how to comprehensively manage operational liquidity and improve efficiencies in the complete working capital cycle. The session explores the treasury manager s role in the process and examines traditional and alternative metrics to evaluate and enhance utilization of working capital. Risk Management Framework in Treasury Risk Management Framework in Treasury examines the benefits of integrating treasury operations with the larger financial and logistical functions of the company. The discussion reviews contemporary systems, along with new technologies and concepts to obtain an overall picture of liquidity and risk. Advanced Accounts Receivable Technologies: Lower Expenses and Improve Working Capital Advanced Account Receivable Technologies examines practical receivables solutions that can make accounts receivables processing more efficient, speed-up payment posting, reduce exception handling while improving credit activities and customer relations. This includes processing checks, ACH, card payments and updating A/R as a single stream of information, as well as incorporating Artificial Intelligence (AI) to create significant value for the company. Financial Risk Financial Risk builds on the prior session, Risk Management Framework in Treasury, and covers key elements of interest rate, foreign exchange and counterparty risk management from identification and pre-trade analytics through settlement and hedge accounting basics. Nearly all firms have exposure to these three these types of risk. The treasury professional must understand how to practically move from the framework of risk management into the effective execution of policy and how to communicate financial risk management to non-financially oriented senior management in a compelling manner. Smarter Payments in Real-Time Smarter Payments in Real-Time addresses the issues, policies, procedures, risk, and structural changes to your business model when you take advantage of the enriched data, speed and payment finality associated with the Real-Time Payment (RTP) infrastructure offered by banks. Using instant messaging capabilities and deployed as a customer engagement tool with Amazon-like tracking, RTP provides transparency necessary to assist in just-in-time supply and demand payment obligations while reducing risks and internal processing costs. The discussion for evaluating RTP goes beyond payment processing activities to include billing, collection, inventory management and other digital and user experiences. Tuesday, October 23 8:30 am 10:00 am 10:15 am 11:45 am 12:45pm 2:00 pm 2:15 pm 3:30 pm Managing Plastic and Maximizing Rebates Managing Plastic and Maximizing Rebates covers the mechanics and costs of establishing and managing various card programs, including virtual cards used for paying invoices. Interchange, rebates, chargebacks and compliance issues for each type of card program for both the user of the card and the online or point-of-sale merchant are reviewed. Basic Corporate Approaches to Investing Basic Corporate Approaches to Investing is a primer on policy guidelines and objectives for investing short-term cash. It covers investment concepts such as principal, liquidity, term, diversification, taxes, interest rates, investing costs and the various factors affecting investment yield. Options to increase yield at minimum added risk are reviewed. 11:45 am 12:45 pm Networking Lunch at the Friday Center Global Business for Domestic Companies Global Business for Domestic Companies focuses on making and receiving international payments using foreign exchange and letters of credit. The session also explores how new Distributed Ledger (Blockchain) systems being implemented benefit cross-border payments. Cyber and Payment Fraud: Who Pays? Cyber and Payment Fraud examines the factors that are driving the cyber fraud explosion and presents strategies and techniques to deter the trend. The session explores specific risk control measures for electronic, check, and currency transactions, as well as for overall company policies and procedures for internet use. It also answers the question: Who bears the loss when fraud occurs me or my bank? Interactive Working Breakfast Strategies and Approaches to Financial Hedging Developing a hedging strategy is a key component of risk management. Understanding your alternatives for hedging interest rates and FX are key components in developing your strategy, which is not solely about derivatives. Evaluating your risks and alternatives for implementing your approach are covered in this session. Accounts Payable It s More Than Just Processing Invoices Accounts Payable discusses how to innovate payment processes that allow companies to reduce their disbursement costs in the Order-to-Payment cycle with Robotic Process Automation (RPA) while improving control and reducing fraud. The presentation includes recommendations on how to structure AP to achieve maximum convenience while minimizing liability and fraud potential. Demystifying Supply Chain Finance Often viewed as a limited procurement tool in reducing the cost of goods sold, supply chain finance is no longer just for large companies. The program provides strategic value with control over your sourcing activities and sound financing terms to maximize opportunities domestically and worldwide for both buyers and sellers. Tools of a Top Investment Manager Tools of a Top Investment Manager explains how to develop an investment policy and how to assign investment responsibilities. This session focuses on investment risk in its many different forms. Among these are credit, liquidity, interest rate, reinvestment, pre-payment and inflation risk. The discussion also examines the tax ramifications of various investment vehicles. 3:45 pm 5:00 pm 5:00 pm 5:30 pm Wednesday, October 24 8:30 am 9:45 am 10:00 am 11:30 am Understanding Service Agreements Understanding Service Agreements presents all the issues, responsibilities and compliance involved in bank and third-party vendor agreements, including the operating conditions, SLAs, and fraud prevention requirements. Understand your legal department s concerns with standard bank agreements. When You Need More Than a Spreadsheet to Run Your Business When You Need More Than a Spreadsheet to Run Your Business examines practical solutions for when spreadsheets and accounting systems are inadequate for treasury decision making. Many potential technology solutions overlap, conflict, and are expensive whether your need is for a cash system or an enterprise cash and risk system. Learn to prioritize functional needs such as cash visibility, risk management, debt management, and accounting integration. Town Hall Meeting Town Hall Meeting is an opportunity to get answers to your company s concerns and to pursue broader banking and financial issues. A panel composed of the program s instructors will field your questions on a broad range of treasury issues. 5:45 pm Interactive Working Breakfast Negotiate Better by Thinking Like a Banker Arranging Credit: The Process and the Pitfalls Negotiate Better by Thinking Like a Banker examines how banks price services, the shifting bank Arranging Credit: The Process and the Pitfalls is a hands-on workshop covering everything treasury documentation demands for AML and KYC, and negotiating positions you can take. This session managers must consider in evaluating and negotiating a credit facility. Changes to typical Purposes Interactive Working Breakfast also reviews the credit and operating risk of treasury management services and the warning signs & Terms, Needs & Lines, and Covenants & Conditions are reviewed. Case examples provide a that you, the customer, represent as an unmanageable risk to the bank when you use controlled real-world perspective on how to sort through the various credit vehicles available in today's disbursement, ACH, remote deposit, wire transfer or other treasury management services. market. Current credit market conditions are also reviewed, as well as the impact of regulations on future credit availability and pricing. Refreshment Break Protect Your Cash Position: Managing Liquidity and Treasury Functions in a World of Faster Payments The joint session of the program focuses on the Key Performance Indicators (KPIs) and practical steps you can take to maximize your firm s liquidity, minimize financial and operational risks, and control costs all to ensure that you have enough cash on hand to meet expected and unexpected payment needs. Understanding how to appropriately tie together all of the critical treasury functions and improve efficiencies in treasury operations aggregated by remittances, disbursements, funding and bank relationship management is key. Do you have all the pieces in place to ensure the integrity of your cash position, even with a grey swan event? 11:30 am 11:45 am Final Remarks and Q & A 12:00 pm FOR MORE INFORMATION AND TO REGISTER, VISIT

5 HOTEL INFORMATION: The Carolina Inn 211 Pittsboro Street Chapel Hill, NC Room Rate: $189 Single/Double To receive the discounted rate, identify yourself as a participant in the UNC Treasury Management Program. Room rate is valid until September 28, 2018 or only as long as rooms remain in the block. GREAT NETWORKING OPPORTUNITIES AND NO VENDOR SALES PITCHES! High caliber classroom instruction is important, but so are the conversations you have with peers. From beginning to end, this program encourages interaction and engagement with instructors and treasury colleagues. Take advantage of these built-in opportunities to ask questions, pursue specific issues, network within the treasury field and benefit from the expertise of instructors and the real-world experience of your peers in an environment with no vendor sales pitches. REGISTRATION FEES: REGISTER EARLY AND SAVE! By September 28, 2018 After September 28, 2018 An Iconic Destination Hotel in Chapel Hill Since 1924 ABOUT THE PROGRAM: The UNC Treasury Management Program is a 2 ½ day educational event presented by a world leader in executive development, the UNC Kenan-Flagler Business School, and Phoenix-Hecht, the industry leader in treasury management research. 2 WAYS TO REGISTER: 1. Online: 2. Call Us: % of past attendees recommend this program to a colleague $1,795 $1,895 All-inclusive registration fee includes round-trip transportation from the Carolina Inn to class and all meals and refreshments outlined in the agenda.