Retail corporates face a unique level of challenges when it comes to cash management – from lockbox solutions to transporting cash deposits to their banks from multiple locations to minimizing bank accounts.
Sponsor JP Morgan will facilitate a discussion with Kim Clark (Senior Director Store Services) from Walgreens and Jason Stambaugh (Director of Partner Experience) from IFS Connex on re-engineering cash deposits solutions and other solutions, including the use of VAM to minimize bank accounts.
NeuGroup for Retail Treasury was formed in late 2019 based on requests from our Retail companies for a venue to discuss general treasury topics with peers, and items specific to the retail sector including optimizing the processing fee, real estate strategies, contactless payments, wire payments, ACH payments and other topics that quickly arise.
The group contains several subsectors, including food service companies, clothing companies, sporting goods companies, and large multiproduct retailers.
Interim meetings are meant for members of the specified peer group. These meetings originated in response to Covid-19 to keep members connected virtually in between semi-annual peer group meetings. They have a headline topic or topics presented for discussion, followed by an open forum for additional peer sharing and learning on other items.