Tomorrow's cash management conference in London may be just a taster for the Association of Corporate Treasurers (ACT) annual event, which takes place in Manchester, UK, on 21-22 May 2019, but it's also an opportunity to spend a whole day focusing on the core of corporate treasury. At the ACT Cash Management Conference, taking place tomorrow, 12 February, in London, cash management will be discussed and debated from all angles, with keynotes on the evolution of cash management and effective planning for uncertain times, as well as panels on best practices, regulatory challenges, cyber & payment fraud and tech innovation.
The corporate treasury speakers on the programme include treasurers from UPS, Body Shop, Unilever and Sky. Sky's assistant treasury, Austin Matthews, participates in the panel “What makes good cash management?” at 9:45, sharing his views on what makes cash management “best-in-class” as well as control over working capital and debt vs. cash.
At 11:50, delegates can choose between three talks – including a cash management case study with UPS global treasury manager Bradley Gains, who discusses the challenges of cash pooling and bank account structures for an international organisation.
The 14:15 session after lunch again provides a choice of three sessions, two of which are corporate case studies. In the session presented by CashAnalytics, managing director Conor Deegan looks at how Rubix, Europe’s largest provider of industrial maintenance products and services, was able to simplify, automate and improve its cash forecasting. At the same time, PageGroup's group treasurer, Joanna Bonnett, describes how her treasury team built a centralised cash management framework and simultaneously transitioned global banking, ERP systems and established cash pooling.
Payments factory journey
At 15:20, The Body Shop's global treasury manager, Philip Connell, presents his case study on setting up a payments factory. Philip will share the process his team undertook to select a single bank provider and improve cash forecasting, making better use of automation and lowering overall banking costs. The session also covers how The Body Shop is preparing for Brexit.
The next panel features another corporate case study, with Unilever's Silke Reimers, director of global treasury operations, sharing Unilever's approach to managing trapped cash. Silke explains the company's strategy for minimising cash across the business and ensuring that cash balances aren't left idle.
The day is also interspersed with panel session with ratings agencies, regulatory lawyers, cybercrime experts and fintechs, as well as speakers from conference sponsor Barclays. The day is rounded off with a corporate treasury panel involving some of the treasurers on the programme, to discuss some of the day's main topics and share opinions on the main challenges in the year ahead.
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