Treasury 3.0 Framework: Deploying A Model Of Best Practice
The Treasury 3.0 Framework:Deploying a Model of Best Practices 2013 Treasury Strategies, Inc. All rights reserved.
Agenda Treasury: The Future State Successful Treasury Traits Moving to the Ideal State: Strategic Initiatives Building the Treasury Roadmap2!
Treasury: The Future State
Corporate Treasury TimelineTreasury Management TimelineDataInformationPre 19701970 - 2010IntelligenceTreasury Influence & Value AddHIGHLOWNow - Future4!
Operational to Strategic TransitionTypical TreasuryDepartmentBest Practice TreasuryDepartmentStrategic (50%)Strategic(5%)Analytical (30%)Analytical (15%)Operational(20%)Operational (80%)5!
Treasury as theFinancial Nerve Center6!
The GoalOrganization& StructureLiquidity TreasuryMetricsRiskManagementWorld Class Treasury7!
Success Treasury Traits
Treasury Best PracticesEnvironmentTreasury OrganizationTreasuryTechnologyTreasuryCulture9!
Best Practices TraitsStrategic FocusOrganizationEnterprise SupportTreasury Success TraitsPeopleProactive PlanningCultureCommunication with Business UnitsContinuous Improvement CultureIntegrated DataStraight Through ProcessingTechnologySystematic ControlsEmphasize Electronic Payments10!
Successful Traits:OrganizationalStrategic FocusEnterprise Support11!
Successful Traits:CulturalProactive PlanningContinuousImprovement CultureCommunication withBusiness Units12!
Successful Traits:TechnologyIntegrated DataStraight Through ProcessingSystematic ControlsEmphasize ElectronicPayments13!
Moving to the Ideal State:Treasury Initiatives
Moving To The Ideal Future dityManagementOrganization& tate15!
Treasury Organization & StructureInitiativesStrategic InitiativesStaffing Staff level Staff skillsetsTreasury Structure Centralized vs. decentralized Regional vs. non-regionalalignmentInvestigate additional treasurystructures Regional treasury center In-house banking FX center16!
Liquidity Management InitiativesStrategic Initiatives Cash Forecasting Netting Pooling Working capital management andoversight Reporting and metrics Banking structure17!
Technology InitiativesStrategic InitiativesTreasury technology needs assessment Treasury Management System(TMS) selection Online trading platforms FX software Debt & Investment SystemsStraight through processing18!
Data vs. IntelligenceScope of influence Expanded RiskResponsibility NarrowExecutionalFocus StrategicAdvisory FullAutomation &IntegrationTechnology / Data Architecture19!
Policy Framework InitiativesStrategic InitiativesCreate a formal andcomprehensive set oftreasury policies. Banking, cashmanagement, debt,investment, etc.Develop local procedurestying operations to thosepolicies.20!
Treasury Metrics InitiativesStrategic Initiatives Develop key metrics to gauge andanalyze Treasury performance. Create a dashboard to provide amacro view of key Treasury metrics.21!
Sample Treasury Metrics DashboardThis MonthLast Month2 MonthsAgoDays Initial DenialRatesXXXXXXXXXXXXBad Debts22!
Establishing MetricsSet overallobjectives for thefinancial functionDetermine whatshould be measuredEstablish processesand technology toexecute and trackobjectives23!
Risk ManagementThere are several financial risks that Treasury may encounter:CurrencyInterest RateMarketCommodityEquityRate MovementsPrice MovementsVolatilityCurve ShiftsBasisSpreadCredit SpreadDirectCreditCredit lSystemsLiquidityExecution ErrorBooking ErrorExceeding LimitsFraudProgramming ErrorMTM ErrorMarket LiquidityFunding24!
Risk Management InitiativesStrategic initiativesCounterparty Risk Implement financial risk management policyEstablish limits for counterpartiesEvaluate risk for counterparty banksReport frequentlyInvestment Risk Implement notional limits by instrument and fundImplement concentration limits by fundMonitor performanceFX Risk Ensure FX policy up-to-dateStandardize formats and submission channels for FX exposureSign ISDA agreements with trading partnersRisk Management keys to success: Identify risks Measure risks Manage risks25!
Building the Treasury Roadmap
Establish a Roadmap to EvolvePrioritizationè ResourcesDependenciesè RisksTimelinesè Milestones27!
Roadmap BenefitsFocus andDirectionIdentify Issues ntCommunicationLink Tasks toNeeds andMilestonesVisuallyRepresent Goalsto Employees28!
Treasury Roadmap p &ImplementationRoadmapUpdate29!
Roadmap ResultsOrganization& StructureLiquidity TreasuryMetricsRiskManagementWorld Class Treasury30!
Questions31!
Discussion LeadersMike Gallanis, CPA, CTPPartnerTreasury Strategies, Inc.312.628.6935 direct312.443.0840 mainMike Gallanis@TreasuryStrategies.comPaul LaRock, CCMPrincipalTreasury Strategies, Inc.312.628.6955 direct312.443.0840 mainPaul LaRock@TreasuryStrategies.com32!
Treasury StrategiesCorporate PracticeClients benefit from our extensive subject matterexpertise, real-world experience and provenmethodologies. These factors enable us to quicklydeliver actionable results, which empower our clientsto maintain best-in-class processes, practices andstrategies for managing their cash, liquidity and risks.Clients Corporations Not-for-Profit Organizations Public Sector OrganizationsSolutions Global Cash and Liquidity Management Working Capital Management Best Practices Review and Benchmarking Risk Management Treasury Organization33!
About Treasury Strategies, Inc.Who We AreTreasury Strategies, Inc. is the leading treasury consulting firm working with corporations and financialservices providers. Our experience and thought leadership in treasury management, working capitalmanagement, liquidity and payments, combined with our comprehensive view of the market, rewardsyou with a unique perspective, unparalleled insights and actionable solutions.What We DoLocationsCorporationsWe help you maximize worldwide treasury performance andnavigate regulatory and payment system changes through afocus on best practices, technology, liquidity and controls.Chicago London New YorkTreasury TechnologyWe provide guidance through every step of the technologyprocess. Our expert approach will uncover opportunities tooptimize the value of your treasury through fully integratedtechnology solutions.Financial ServicesOur experience, analytic approach and benchmarks provideunique consulting solutions to help you strengthen and growyour business.AccreditationsConnect with mmunities@TreasuryStrat34!
Treasury Strategies, Inc. is the leading treasury consulting firm working with corporations and financial services providers. Our experience and thought leadership in treasury management, working capital management, liquidity and payments, co
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