Preparing for the Future of Treasury
Tags: automation, Bank of America Merrill Lynch, Cash Flow Forecasting, cybersecurity, GCBG 2017 H2 Meeting, technology, treasury transformation
NeuGroup’s Global Cash and Banking Group looks at how technology is transforming treasury.
Members of the GCBG will meet September 27-28 at Microsoft in Redmond, Washington, to discuss a range of issues, including cybersecurity and treasury transformation.
Sponsored by Bank of America Merrill Lynch, the meeting kicks off with a panel discussion on how members across a variety of sectors are preparing for the future of treasury. How is technology playing a role, and what tools are viewed as critical? One member will showcase how his company has automated its intercompany settlements process, significantly improving the application and settlement of intercompany transactions.
Later, members will turn their attention to best practices in cash flow forecasting. Managing cash is a primary function for treasury, yet many members suffer from the same challenges. How much cash do they have, where does it reside, and how quickly can it be accessed? In this session, the group will share ideas for enhanced cash flow forecasting using enterprise system data, TMS and bank data.
To wrap up the meeting, members will consider the new cyber threats facing treasury. Today, it’s important for business units to understand that cyber threats are not just an IT issue but also a business issue. What resources and tools are being used to mitigate these risks?
In addition to these sessions, the meeting will feature an open forum and time to discuss members’ top projects and priorities.
For more than two decades, NeuGroup has lead the way in peer knowledge exchange for treasury and finance professionals. With an unrivaled network of 18 invitation-only peer groups, NeuGroup facilitates over 30 face-to-face meetings to inform actions, transform practices, and enhance careers for more than 400 members from across treasury and finance functions, covering multiple industries and global regions. Visit www.Neugroup.com for more information about peer groups and www.iTreasurer.com for content and news.