extracting value from your current tms: a treasury technology user panel may 14, 2015
TRANSCRIPT
Extracting Value from your Current TMS: A Treasury Technology User Panel
May 14, 2015
Today’s Facilitator
Ari Morris, MBA, CPA, CMAFounding PartnerGlobal Treasury Partners [email protected]
Discussion Topics
Managing Treasury in a Challenging Environment
Treasury Technology Projects Objectives
Maximize Value out of Current Infrastructure
Optimize Processes in Current System
Prepare for Future Major Technology Project
Panel IntroductionKaren Kawucha Director, Global Cash
ManagementAgrium WallStreet Treasura
Lyn Decker Corporate Treasury Manager
Nexen Inc. SAP
Marjorie Junio-Read Supervisor, Treasury Operations
CNRL Kyriba
Am Gill Manager, Corporate Cash Management
Husky Energy MS Excel
2014/2015
Questions
How many use Excel to run your treasury operations?
How many use a TMS or ERP cash management module?
Are you planning to adopt a TMS or change your TMS in the future?
Questions
Has your treasury department faced budget cuts recently?
Has there been any change to operational burdens on Treasury?
Do you believe budget levels will return to “normal” in 3 years or less?
Treasury Technology in a Challenging Environment
Maximize Value out of Current Infrastructure
Optimize Processes in Current State Prepare for Future Major Technology
Project
Maximize Value out of Current Infrastructure
• Review contract and SOW against what was delivered
• Complete the “loose ends” from original project
• Get the most out of the current system
Treasury Technology
• Optimize bank services and fees• Review FX spreads on international
payments• Reduce number of checks issued
Other Items
Optimize Processes in Current State
• Adopt multi-bank FX portal• Consolidate bank reporting
Low Intensity Implementation
• Payment centralization and inter-company netting
• Local and consolidated cash forecasting
• Intercompany loan management
Create blue-print to fill identified gaps
• Access to credit and cash management
Bank relationship improvements
Prepare for Future Major Technology Project
• Current state review• Process analysis• Future state vision
Preparation
• Current treasury technology trends• Bank Connectivity/SWIFT
Education
• Develop “campaign”• Prepare business case
Internal Support