Treasury 3.0 The Time Is Now To Make It A Reality

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Treasury 3.0 The Time Is Now To Make It A Reality"

Transcription

1 Treasury 3.0 The Time Is Now To Make It A Reality April 2011 Presented by: Dave Robertson 2011 Treasury Strategies, Inc. All rights reserved.

2 Contents Growth Limits Of A Payments Only Strategy Where Are The Opportunities Treasury 3.0 Success Stories w w w. T r e a s u r y S t r a t e g i e s. c o m 2

3 Growth Limits Of A Payments Only Strategy

4 Stability of Transaction Banking Revenues Transaction Banking Index Global Market Cap Global GDP (Const.) Global Trade The TSI Transaction Banking Index Global GDP (Current) Global Production Q Q Q Q Q Q Q Q Q Q Q *The Transaction Banking Index (TBI) is designed to track the size and stability of the Transaction Banking market, driven by Treasury Management, Global Trade Services, and Securities Processing Revenues. Information is collected from the world s leading banks that identify TM revenue in their annual, and quarterly financial releases. w w w. T r e a s u r y S t r a t e g i e s. c o m 4

5 Modest Expectations for Revenue Growth Expectations Among Banks For Growth In TM Revenues in % 60% Percent of Respondents 50% 40% 30% 20% 10% Projected Growth 0% 0-5% 5%-10% 10%-15% Estimated Growth in Revenues w w w. T r e a s u r y S t r a t e g i e s. c o m 5

6 Forecasted Growth in Payment Volumes Region/Payment Type Volume of Payments 2010 (Billions) 2020 (Billions) CAGR (%) North America (Total) % Latin America % EMEA % Asia-Pacific % Rest of World % World (Total) % * Source: BCG s Winning After The Storm 2010 Report Predicted Annual Growth In North America % 2 8% Retail Domestic Retail-Cross Border 20 4% Wholesale Domestic 1 7% Wholesale Cross- Border 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% 2010 Volume (BB) CAGR (%) w w w. T r e a s u r y S t r a t e g i e s. c o m 6

7 Continuous Transition to Electronic Payments Total Transactions (Billions) CAGR % Checks (Paid) % ACH % Credit Card % Debit Card % Prepaid Card % * 2010 Federal Reserve Payments Study Total Transactions (Billions) Checks (Paid) ACH Annual Change In Payment Types 2006 to 2009 Credit Card Debit Card Prepaid Card -10% -5% 0% 5% 10% 15% 20% 25% w w w. T r e a s u r y S t r a t e g i e s. c o m 7

8 Where Are The Opportunities?

9 Treasury Corporate Perspective HIGH Treasury 1.0 Treasury 2.0 Treasury 3.0 Treasury Influence & Value Add Treasury Operations is an immature, fragmented or informal function, characterized by manual processes Treasury centralizes key roles, improving transparency and controls Greater access to data and computing power and consolidation of competency Treasury is a strategic advisor, more closely integrated with business units, supporting globalization, efficiency, trading partner/supply chain integration and greater sophistication in risk/return optimization Data Information Intelligence LOW Time Pre Now - Future w w w. T r e a s u r y S t r a t e g i e s. c o m 9

10 Treasury Bank Perspective HIGH Treasury Influence & Value Add Treasury 1.0 Commercial banks provided business services to their corporate clients at no cost. Treasury 2.0 Treasury 3.0 Treasury management business began to take shape, growing to $100 billion in Innovators are introducing more comprehensive payment and liquidity solutions expanding across the financial supply chain. Data Information Intelligence LOW Pre Future w w w. T r e a s u r y S t r a t e g i e s. c o m 10

11 Cornerstones of Treasury 3.0 Managed Accounts Short Term Investing Sweep Billing Receivables Management Collections Cash Concentration DDA Account A/P Disbursements Reconciliation Cash Inflows Short Term Borrowing Capital Structure Cash Outflows Corporate Liquidity Financial Supply Chain w w w. T r e a s u r y S t r a t e g i e s. c o m 11

12 Opportunities Available to Those Banks Willing to Cross Established Boundaries Other Financial Services ($1 Trillion Market) Investments & Funds A/R A/P Procurement Accounting Current Banking Activities $175 Billion w w w. T r e a s u r y S t r a t e g i e s. c o m 12

13 Working Capital Focus of Corporate Financial Managers Top concerns of CFOs in 2010 Ability to forecast results Working capital management Maintaining morale/productivity during economic downturn Balance sheet weakness Cost of health care Attracting and retaining qualified employees Supply chain risk Managing IT systems Pension obligations Protection of intellectual property Source: The Hackett Group Working capital opportunity Fortune % +43% DSO DPO Laggards Median Leaders Source: APQC, A.T. Kearney; Fortune Global 500 w w w. T r e a s u r y S t r a t e g i e s. c o m 13

14 Treasury 3.0 Success Stories

15 Learning From Liquidity and Supply Chain Solutions Working Capital Component Solution Value Proposition Reconciliation Disbursements A/P Positive Pay SWIFT & Payment Outsourcing Banks reduced fraud risk if business clients shared their payables files Inexpensive and easy multi-bank reporting and payment initiation DDA Account Cash Concentration Billing Receivables Management Collections Sweep Accounts RDC LBX Data Transmission Purchasing Card Automated transfers from non-interest bearing accounts Economical alternative to physical deposits Deposit data repackaged for corporate A/R Replacement of purchase orders for lowvalue transactions w w w. T r e a s u r y S t r a t e g i e s. c o m 15

16 B2B Payments -- A Process in Limbo B2B remittances paid via checks have increased 7% since 2006! Distribution of B2B Checks Remittances POS Remittance/POS Key Reasons Ability to tie invoice information to payments is often easier with checks. Need assistance to obtain bank account information for all payees if paying electronically. Continuing Challenges with Checks Many checks are applied manually to A/R. Unwarranted discounts & deductions are difficult to detect. * Fed Payments Study 2010 w w w. T r e a s u r y S t r a t e g i e s. c o m 16

17 Banks Are Offering B2B Answers that Bridge Paper and Electronic Payments Partnering With Vendors Citi recently announced a new partnership with Syncada that allows Citi s customers to execute the payables cycle automatically Process invoices Make payments Finance payables In House Solution Chase acquired Xign and introduced its own Order To Pay product with new working capital solutions to Place orders Issue and receive invoices Initiate payments Automate discount decisions End Result: Through partnering with vendors, Citi has created a comprehensive solution that spans across the financial supply chain. End Result: In-house solutions differentiate the bank from competition. w w w. T r e a s u r y S t r a t e g i e s. c o m 17

18 Multiple Entry Points for New Financial Services Invoices Payments Cash Discount Cash App Deposits Recon Payment Financing JP Morgan Citi & Syncada Cash 360 * This high level comparison does not take into account other factors that are important such as the client experience, unique functionality, or special services offered in conjunction to the basic functions of each category. w w w. T r e a s u r y S t r a t e g i e s. c o m 18

19 Banks Have a Lock on Financial Data Banks Supply Chain Vendors Payor Amount Date Originating Account Bank Payment Finality Account Balances Authorized Payee Receiving Account? Invoicing System Credit Terms w w w. T r e a s u r y S t r a t e g i e s. c o m 19

20 Unfulfilled Needs That Bankers Might Satisfy Client Activity Third Party Exposures OFAC Expense Management Benchmarking Cash Forecasting Issue Managing risks with non-financial trading partners Identifying payments to illegal payees before issuance Managing expenses incurred with banks such as interest paid, non-interest fees, uncompensated balances Measuring payments performance against peers (checks vs. ACH, size) Investments (term, return, and risk) Derivatives exposures and transactions for currencies, commodities, and interest Developing reliable trends in cash flows. Bank-Provided Service Search all payment and investment transactions to measure counterparty risk. Perform OFAC filtering before payments are issued by clients. Provide each client with summary of its total banking expenses (fees, interest paid and uncompensated balances). Provide each client with summary of its activity relative to other clients. Capture cash flow patterns by bank account and payer. Credit Management Verifying a payment from a customer in final. Tag each payment when settlement finality is achieved. w w w. T r e a s u r y S t r a t e g i e s. c o m 20

21 Opportunities For Healthcare Related Services Provide card (merchant) services to hospital admission offices Estimate consumer s expense (the hospital exposure) prior to a surgical procedure Issue and distribute billing statements Provide financing to patients Collect past-due accounts Process lockbox receipts and 835 remittance advices Apply payments to receivables w w w. T r e a s u r y S t r a t e g i e s. c o m 21

22 Delivering Treasury 3.0 Services Sales Job requirements include technology and supply chain experience Credibility with corporate controllers, A/R and A/P managers Sales incentives to support dedicated sales reps during early, low-yielding periods of product introduction Implementation Project management skills for lengthy complex installations Standards for set up cycle times Positioning the implementation unit with matrix structure reporting to TM and technology Customer Service Process that insulates users from the bank s third-party vendors Vendor management programs that track performance of vendors Staff knowledgeable of relevant regulations beyond payments only w w w. T r e a s u r y S t r a t e g i e s. c o m 22

23 Strategic Decisions in a Treasury 3.0 World Reinvest Life Cycle Harvest Scale Business Drivers Scope Commercial Payments Customer Value Financial Settlements Liquidity w w w. T r e a s u r y S t r a t e g i e s. c o m 23

24 Treasury Strategies Financial Services Practice Our strategic advice and pragmatic solutions improve bottom line performance. Clients benefit from our 360 o view of the treasury market, deep relationships, and proprietary analytic frameworks that transform data into strategic insights. Clients Global Banks Regional Banks Solution Providers Associations Regulators Solutions areas Business Strategy Revenue Enhancement Deposit & Sweep Pricing Sales Training & Effectiveness Product Opportunity & Gap Analysis Operational Efficiency Risk Management & Compliance Competitive Assessment & Positioning Vendor Selection & RFP Management Market Analysis w w w. T r e a s u r y S t r a t e g i e s. c o m 24

25 About Treasury Strategies, Inc. Who We Are 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, combined with our comprehensive view of the market, rewards you with a unique perspective, unparalleled insights and actionable solutions. What We Do Corporations We help you maximize worldwide treasury performance and navigate regulatory and payment system changes through a focus on best practices, technology, liquidity and controls. Treasury Technology We provide guidance through every step of the technology process. Our expert approach will uncover opportunities to optimize the value of your treasury through fully integrated technology solutions. Financial Services Our experience, analytic approach and benchmarks provide unique consulting solutions to help you strengthen and grow your business. w w w. T r e a s u r y S t r a t e g i e s. c o m 25

Treasury Technology: First Steps

Treasury Technology: First Steps Treasury Technology: First Steps May 19, 2011 PRESENTED BY: Steve Wiley, Manager Phil Capodice, Consultant 2011 Treasury Strategies, Inc. All rights reserved. Agenda Treasury Technology: Current Environment

More information

The Treasury 3.0 Framework: Deploying a Model of Best Practices. 2013 Treasury Strategies, Inc. All rights reserved.

The Treasury 3.0 Framework: Deploying a Model of Best Practices. 2013 Treasury Strategies, Inc. All rights reserved. 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:

More information

Optimizing the Value of the Commercial Web Channel

Optimizing the Value of the Commercial Web Channel Optimizing the Value of the Commercial Web Channel April 13, 2011 PRESENTED BY: Jacob Nygren, CTP 2011 Treasury Strategies, Inc. All rights reserved. Agenda 1. Assessing the Landscape 2. Three Key Ideas

More information

The Bank of New York Mellon is Open For Business.

The Bank of New York Mellon is Open For Business. TREASURY SERVICES The Bank of New York Mellon is Open For Business. Merger Spawns New Platform for Enhanced Treasury Services. Sponsored supplement to Treasury & Risk magazine The Bank of New York Mellon

More information

New Challenges in Card Optimization: Security, Payments, Receivables

New Challenges in Card Optimization: Security, Payments, Receivables New Challenges in Card Optimization: Security, Payments, Receivables Presented By Paul LaRock, Principal paul_larock@treasurystrategies.com 312-628-6955 Steve Wiley, Principal steve_wiley@treasurystrategies.com

More information

Automating the Settlement Process

Automating the Settlement Process Automating the Settlement Process Agenda Discussion Outline Why automate payments Options to achieve automation Selecting a service provider Transforming your payment process Future of electronic payments

More information

Integrating Payables and Receivables to Unlock Working Capital

Integrating Payables and Receivables to Unlock Working Capital Integrating Payables and Receivables to Unlock Working Capital Approved for 1 CTP / CCM recertification credit by the Association of Financial Professionals May 2009 Introductions David Kunz Treasury Management

More information

Options Are Good. A Treasury Perspective on Driving Value from Payments. Jody L. Lutz Senior Vice President PNC Treasury Consulting Group

Options Are Good. A Treasury Perspective on Driving Value from Payments. Jody L. Lutz Senior Vice President PNC Treasury Consulting Group Options Are Good A Treasury Perspective on Driving Value from Payments Presented to: April 20, 2015 Jody L. Lutz Senior Vice President PNC Treasury Consulting Group (412) 768-2364 Jody.Lutz@pnc.com Traditional

More information

Southern California AFP Luncheon

Southern California AFP Luncheon Working Capital Unharness your Cash Flow Southern California AFP Luncheon Michael Diekmann Director, Bank of America Merrill Lynch October 10, 2014 Understanding Working Capital Working Capital... = Current

More information

Multifactor Authentication A Clear Identity = TM Success

Multifactor Authentication A Clear Identity = TM Success Multifactor Authentication A Clear Identity = TM Success April 28, 2011 PRESENTED BY: Cathy Gregg 2011 Treasury Strategies, Inc. All rights reserved. Agenda Your Identity Importance Defining Building Closing

More information

Optimizing Your Cash Forecast: Improving the Crystal Ball

Optimizing Your Cash Forecast: Improving the Crystal Ball Optimizing Your Cash Forecast: Improving the Crystal Ball December 9, 2015 Presented By Jeff Diorio Treasury Strategies Managing Director Bob Stark Kyriba Vice President, Strategy Elaine Filus Treasury

More information

The Receivables Race to Maximize Control and Automation Nina Hanselmann Cheryl Lehotyak. MN AFP April 28, 2015

The Receivables Race to Maximize Control and Automation Nina Hanselmann Cheryl Lehotyak. MN AFP April 28, 2015 The Receivables Race to Maximize Control and Automation Nina Hanselmann Cheryl Lehotyak MN AFP April 28, 2015 Every race consists of key milestones 6. Finish 1. Prepare 5. Pit Stops 2. Know the Course

More information

Shift from Letters of Credit to Open Account using Electronic Supply Chain Management Tools

Shift from Letters of Credit to Open Account using Electronic Supply Chain Management Tools Shift from Letters of Credit to Open Account using Electronic Supply Chain Management Tools Christopher A. Conn Senior Business Manager Trade & Supply Chain Management Americas Banking Initiatives SWIFT

More information

Purchasing Card as a Payment Tool

Purchasing Card as a Payment Tool Purchasing Card as a Payment Tool Presented to: May 14, 2015 Jody L. Lutz Senior Vice President PNC Treasury Consulting Group (412) 768-2364 Jody.Lutz@pnc.com Card Deployment A Continuum of Options Distributed

More information

9/19/2016. Receivables Management. Elizabeth Miller, CTP AASBO 9/27/16. Number of days to collect from revenue sources. to pay inventory purchased

9/19/2016. Receivables Management. Elizabeth Miller, CTP AASBO 9/27/16. Number of days to collect from revenue sources. to pay inventory purchased Elizabeth Miller, CTP 1 AASBO Sweep Services ZBA ACH Lockbox Service Regions Quick Deposit Vault Services Imaging Services RegionsOne Wire Transfer (Incoming) Merchant Services itreasury ACH Commercial

More information

About the Speakers Henry Ijams, CAPP/CPM

About the Speakers Henry Ijams, CAPP/CPM Electronic Payments: Six Supplier Savvy Steps Toward epayment Success About the Speakers Henry Ijams, CAPP/CPM Managing Director PayStream Advisors, Inc. Mr. Ijams' 25 years of experience focuses on trends

More information

Advanced Working Capital Management

Advanced Working Capital Management Advanced Working Capital Management 2005 Ken Parkinson Treasury Info. Services tisconsulting.com Session #507 1 What is Working Capital Management? Focus on the short term in real time Primary and secondary

More information

Lean Mean Receivables Machine

Lean Mean Receivables Machine Lean Mean Receivables Machine Jesse Sandoval, AAP VP, Senior Product Manager Union Bank Nancy Atkinson, CCM Senior Analyst Aite Group Carolyn Swafford, CTP, AAP VP, Treasury Management Solutions Advisor

More information

SUNGARD B2B PAYMENTS AND BANK CONNECTIVITY STUDY INNOVATIONS TO OVERCOME COMPLEXITY-DRIVEN FRAUD EXPOSURE AND COST INCREASES

SUNGARD B2B PAYMENTS AND BANK CONNECTIVITY STUDY INNOVATIONS TO OVERCOME COMPLEXITY-DRIVEN FRAUD EXPOSURE AND COST INCREASES SUNGARD B2B PAYMENTS AND BANK CONNECTIVITY STUDY INNOVATIONS TO OVERCOME COMPLEXITY-DRIVEN FRAUD EXPOSURE AND COST INCREASES CONTENTS 3 Study Scope 3 Respondent profile 4 Key Findings 5 Structure 5 A global

More information

Amegy618. 2015 Amegy Bank N.A. Member FDIC

Amegy618. 2015 Amegy Bank N.A. Member FDIC 22333 Amegy618 We noticed it s your first time participating! FYI: Your phone number is completely private, and we ll never spam you. -- Powered by Polleverywhere.com You ve joined Karen Sasser s session

More information

Automating payment processes to deliver bottom line cost savings in a weak economy.

Automating payment processes to deliver bottom line cost savings in a weak economy. VISA COMMERCIAL SOLUTIONS payables automation white paper Automating payment processes to deliver bottom line cost savings in a weak economy. Author: Nicholas Marchetti, Senior Business Leader Commercial

More information

Healthcare Banking 101. Donald Kohlhafer Senior Client Manager Bank of America Merrill Lynch December 4, 2014

Healthcare Banking 101. Donald Kohlhafer Senior Client Manager Bank of America Merrill Lynch December 4, 2014 Healthcare Banking 101 Donald Kohlhafer Senior Client Manager Bank of America Merrill Lynch December 4, 2014 Treasury Management Revenue Cycle Management Liquidity Management and Funds Investment Disbursement

More information

Driving Savings to Your Bottom Line

Driving Savings to Your Bottom Line Driving Savings to Your Bottom Line Commercial Cards Best Practices November 14, 2012 1 Speakers Mark Sievert, Senior Global Treasury Advisor, Silicon Valley Bank Moderator Robert O Connor, Senior Global

More information

B2B Payments New World

B2B Payments New World The Essentials of Procure-to-Pay Pay Patrick S. Lyons Vice President, Spend & Payment Solutions BMO Financial Group B2B Payments New World Trend: Payment Strategies now include all three Payments (ACH,

More information

Complex Payments. By Bob Murphy

Complex Payments. By Bob Murphy Complex Payments Financial institutions and businesses are faced with a complex world when it comes to managing payments. To thrive, each entity must manage a multitude of variables, as we will operate

More information

A smart bridge to cross

A smart bridge to cross A smart bridge to cross T R EA S URY MANAGEMENT Our approach to Treasury Management Consulting for Solutions With multiple options available for making payments and expediting collections, Bridge Bank

More information

Accounting Solutions that Work.

Accounting Solutions that Work. Accounting Solutions that Work. Your accounting department is the core of your business. It s how you measure your success, it affects your relationship with your vendors, customers, and employees, and

More information

Treasury Management. WellsOne Commercial Card

Treasury Management. WellsOne Commercial Card Treasury Management WellsOne Commercial Card $182,000 Average value a company can generate for every $1 million in spending converted to commercial cards, through reduced processing costs, increased discounts,

More information

THE VALUE PROPOSITION FOR BANK OWNED DIRECTORIES. GACHA Solutions Conference September 20, 2013

THE VALUE PROPOSITION FOR BANK OWNED DIRECTORIES. GACHA Solutions Conference September 20, 2013 THE VALUE PROPOSITION FOR BANK OWNED DIRECTORIES GACHA Solutions Conference September 20, 2013 TOPICS The Clearing House UPIC Electronic Bill Presentment (EBIDS) Healthcare Payments P2P Emerging Payments

More information

Trends and Best Practices in Electronic Payments

Trends and Best Practices in Electronic Payments Trends and Best Practices in Electronic Payments Trends and Best Practices in Electronic Payments Over the last year, we have seen a fundamental paradigm shift in the strategies and priorities of our

More information

OBIEE 11g Pre-Built Dashboards from Oracle Courtesy: Oracle OBIEE 11g Deployment on Vision Demo Data FINANCIALS

OBIEE 11g Pre-Built Dashboards from Oracle Courtesy: Oracle OBIEE 11g Deployment on Vision Demo Data FINANCIALS FINANCIALS General Ledger The General Ledger module provides insight into key financial areas of performance, including balance sheet, cash flow, budget vs. actual, working capital, liquidity. Dashboard

More information

E-Commerce, Merchant Processing, EMV and General Best Practices for Municipalities

E-Commerce, Merchant Processing, EMV and General Best Practices for Municipalities E-Commerce, Merchant Processing, EMV and General Best Practices for Municipalities T.C. Kennedy. CTP Senior Vice President Treasury & Payment Solutions SunTrust Bank Electronic Commerce Defined Segment

More information

Best practices for migrating healthcare payments to ACH

Best practices for migrating healthcare payments to ACH Best practices for migrating healthcare payments to ACH Member FDIC Member FDIC Matt Brodis, MBA, MHA Adventist Health System, Inc. June St. John, SVP, CTP Wells Fargo Treasury Management Member FDIC Healthcare

More information

A CFO s Perspective on How Supply Chain and Finance can Collaborate to Deliver Value Joselito Diga CFO, Unilab

A CFO s Perspective on How Supply Chain and Finance can Collaborate to Deliver Value Joselito Diga CFO, Unilab A CFO s Perspective on How Supply Chain and Finance can Collaborate to Deliver Value by Joselito Diga CFO, Unilab SUPPLYLINK 2012 CONFERENCE Philippines Institute of Supply Management 19-20 April 2012

More information

Payments Fraud Best Practices

Payments Fraud Best Practices Stephen W. Markwell Disbursements Product Executive J.P. Morgan Pamela R. Malmos Director Finance, Treasury Operations ConAgra Foods, Inc. Fraud Prevention Laura Howley, CTP Director, Global Treasury Operations

More information

Freight Payment: The Final Link in End-to-End Supply Chain Visibility

Freight Payment: The Final Link in End-to-End Supply Chain Visibility Freight Payment: The Final Link in End-to-End Supply Chain Visibility By: Rick Erickson, Global Director of Freight Payment Solutions, U.S. Bank, in collaboration with Jane Malin, Owner and Executive Consultant,

More information

American Express Study of Health Systems Payments. An Analysis of Healthcare Expense Management

American Express Study of Health Systems Payments. An Analysis of Healthcare Expense Management American Express Study of Health Systems Payments An Analysis of Healthcare Expense Management 2 Introduction from American Express Healthcare companies are rapidly transforming in order to maintain profitability,

More information

Auditing Treasury Activities. Devina Rankin Assistant Treasurer

Auditing Treasury Activities. Devina Rankin Assistant Treasurer Auditing Treasury Activities Devina Rankin Assistant Treasurer Overview of the Treasury Function Making sure the right amount of cash is in the right accounts on a daily basis Day-to-day cash management

More information

Working Capital Metrics: What Gets Measured Gets Managed

Working Capital Metrics: What Gets Measured Gets Managed Working Capital Metrics: What Gets Measured Gets Managed Janine Durbin Director; Working Capital Advisor Phone: 312.992.5185 E-Mail: janine.m.durbin@baml.com Understanding Working Capital Working Capital

More information

How 21 st century Purchasing- and Finance organizations leverage Business Networks for automation and business collaboration

How 21 st century Purchasing- and Finance organizations leverage Business Networks for automation and business collaboration How 21 st century Purchasing- and Finance organizations leverage Business Networks for automation and business collaboration Frank Bade, SAP SE September 10 th, 2015 2020 2.5 Billion connected people on

More information

Corporate Payables via Virtual Credit Card

Corporate Payables via Virtual Credit Card TREASURY MANAGEMENT Corporate Payables via Virtual Credit Card Presenter: Dan Trbovic Index 1 Industry Evolution 2 Virtual Card Technology 3 Supplier Enrollment 2 Industry Evolution 3 Card Payments: The

More information

Improving Accounts Payable Processes to Deliver Bottom-Line Cost Savings

Improving Accounts Payable Processes to Deliver Bottom-Line Cost Savings VISA COMMERCIAL SOLUTIONS visa accounts payable automation white paper Improving Accounts Payable Processes to Deliver Bottom-Line Cost Savings Author: Nick Marchetti, Senior Business Leader, Visa Inc.

More information

Improving Small Business Payments Processing

Improving Small Business Payments Processing Improving Small Business Payments Processing ASBDC State Directors Conference March 19, 2012 Claudia Swendseid Senior Vice President Federal Reserve Bank of Minneapolis 2012 Federal Reserve Bank of Minneapolis.

More information

14% Best Practices for Accurate and Timely Forecasting. Automate, Standardize, Control. white paper OCTOBER 2010. Introduction

14% Best Practices for Accurate and Timely Forecasting. Automate, Standardize, Control. white paper OCTOBER 2010. Introduction OCTOBER 2010 white paper Best Practices for Accurate and Timely Forecasting Automate, Standardize, Control Introduction The impact of the macro-economic slowdown continues to be felt by enterprises of

More information

Your trusted online source for Treasury Management news. Global Finance top pick: U.S. Bank. Working Capital DNA

Your trusted online source for Treasury Management news. Global Finance top pick: U.S. Bank. Working Capital DNA Summer 2015 TM Forum Your trusted online source for Treasury Management news Global Finance top pick: U.S. Bank Working Capital DNA In this issue Global Finance top pick: U.S. Bank Working Capital DNA

More information

Foreign Exchange and Global Payments Core Application Suite

Foreign Exchange and Global Payments Core Application Suite DATASOFT Foreign Exchange and Global Payments Core Application Suite FxOffice is a fully integrated end-to-end software platform Datasoft is an international software engineering firm delivering innovative

More information

Achieving World-Class Performance

Achieving World-Class Performance World-Class Defined Achieving World-Class Performance Finance Benchmark Results Executive Briefing Presented to: Sheresa Norton Troy Ward The Hackett Group September 29, 2008 Revised: January 12, 2009

More information

Driving AP Automation Efficiencies Through Payments Transformation. Minnesota AFP April 19, 2011

Driving AP Automation Efficiencies Through Payments Transformation. Minnesota AFP April 19, 2011 Driving AP Automation Efficiencies Through Payments Transformation Minnesota AFP April 19, 2011 Zorica Stojanovic Vice President Lawrence Heavey Senior Vice President Agenda Payments Transformation Challenges

More information

Best E-Commerce Practices

Best E-Commerce Practices Best E-Commerce Practices Electronic Commerce Defined Segment of a larger business model that allows companies to transact over the internet Can be seen as a mode to collect tax payments, licenses, permit

More information

Cash Management and Short-Term Investing Washington State Treasurer s Office

Cash Management and Short-Term Investing Washington State Treasurer s Office Cash Management and Short-Term Investing Washington State Treasurer s Office Doug Extine, Deputy Treasurer Investments Shad Pruitt, Deputy Treasurer Operations In Washington, the Treasurer s office: Is

More information

The Unified Commercial Card Portfolio: A New Revenue Opportunity for Banks

The Unified Commercial Card Portfolio: A New Revenue Opportunity for Banks JJ With over 20 billion credit card purchase transactions in the US in 2009 and a highly complex system for processing those transactions, it s not surprising that credit card information is a key target

More information

Improving Treasury Onboarding: The Power of Paperless. July 16, 2015

Improving Treasury Onboarding: The Power of Paperless. July 16, 2015 Improving Treasury Onboarding: The Power of Paperless July 16, 2015 Presenters & Panelists PRESENTERS Dave Robertson Partner, Financial Services Treasury Strategies, Inc. Joe Pitzo Vice President, Paperless

More information

What s new in epayment. Payable Solution for University of Virginia

What s new in epayment. Payable Solution for University of Virginia What s new in epayment Solutions: A Comprehensive Payable Solution for University of Virginia What s new in epayment Solutions: A Comprehensive Payable Solution Terry Butler University of Virginia Assistant

More information

PEOPLESOFT ENTERPRISE PAYABLES

PEOPLESOFT ENTERPRISE PAYABLES PEOPLESOFT ENTERPRISE PAYABLES Oracle s PeopleSoft Enterprise Payables provides automated invoice and payment processing to ensure timely and accurate payment for KEY FEATURES Support shared service centers

More information

Electronic Funds Transfer Policy

Electronic Funds Transfer Policy Electronic Funds Transfer Policy APPROVED BY: Ronald J. Paprocki DATE: February 2, 2010 PAGE: 5 I. Date of Initiation/Revision February 2, 2010 II. Policy Classification Treasury Department III. Policy

More information

NEW MODELS FOR SCF THOMAS FAKHOURI BASWARE FINANCING SERVICES

NEW MODELS FOR SCF THOMAS FAKHOURI BASWARE FINANCING SERVICES NEW MODELS FOR SCF THOMAS FAKHOURI BASWARE FINANCING SERVICES SUPPLY CHAIN FINANCE THE WORKING CAPITAL OPPORTUNITY Today s supply chain finance solutions typically: Offer access to advantageous financing

More information

The Impact of Payment Automation on Bottom-line Savings

The Impact of Payment Automation on Bottom-line Savings The Impact of Payment Automation on Bottom-line Savings In the current recessionary environment, finance professionals have intensified their focus on working capital as well as improving the bottomline

More information

Performance Measures that Matter. The benefits of Payables Automation. Laura I. Maydón Visa Latin Trade CFO Events Mexico City, June 16 th 2011

Performance Measures that Matter. The benefits of Payables Automation. Laura I. Maydón Visa Latin Trade CFO Events Mexico City, June 16 th 2011 Performance Measures that Matter The benefits of Payables Automation Laura I. Maydón Visa Latin Trade CFO Events Mexico City, June 16 th 2011 Note: Survey results, research and recommended practice recommendations

More information

Profit from the experience of best-in-class companies.

Profit from the experience of best-in-class companies. VISA COMMERCIAL SOLUTIONS Global Procure-to-Pay and Commercial Card Best Practices Executive Summary Profit from the experience of best-in-class companies. Today s most successful companies have shifted

More information

Auditing for Value in the Procure to Pay Cycle Dallas IIA Chapter. October 1, 2009

Auditing for Value in the Procure to Pay Cycle Dallas IIA Chapter. October 1, 2009 Auditing for Value in the Procure to Pay Cycle Dallas IIA Chapter October 1, 2009 Supply Chain Risk Overview * Today s Focus * Includes Working Capital benefits 1 2009 Protiviti Inc. An Equal Opportunity

More information

What Small Business Wants from Banking & Payments. Paul McAdam, SVP, Research & Thought Leadership Gail Angel, SVP, Commercial Treasury Services

What Small Business Wants from Banking & Payments. Paul McAdam, SVP, Research & Thought Leadership Gail Angel, SVP, Commercial Treasury Services What Small Business Wants from Banking & Payments Paul McAdam, SVP, Research & Thought Leadership Gail Angel, SVP, Commercial Treasury Services What Small Business Wants from Banking & Payments Research

More information

Payment on Time Case Study

Payment on Time Case Study Our Payment on Time initiative has created a number of tangible business benefits for our client including a better credit position and enhanced business relationships, enabling more effective collaboration

More information

CHAPTER 16 Current Asset Management and Financing

CHAPTER 16 Current Asset Management and Financing Copyright 2008 by the Foundation of the American College of Healthcare Executives 6/13/07 Version 16-1 CHAPTER 16 Current Asset Management and Financing Investment and financing policies Cash and marketable

More information

PEOPLESOFT CASH MANAGEMENT

PEOPLESOFT CASH MANAGEMENT PEOPLESOFT CASH MANAGEMENT Oracle s PeopleSoft Cash Management is a cash management solution that optimizes enterprise-wide liquidity and cash control. KEY FEATURES Increase efficiency by performing cash

More information

Working Capital Review: Best Practices in Order-to-Cash and Procure-to-Pay

Working Capital Review: Best Practices in Order-to-Cash and Procure-to-Pay Working Capital Review: Best Practices in Order-to-Cash and Procure-to-Pay Janine Durbin Director; Working Capital Advisor Phone: 312.992.5185 E-Mail: janine.m.durbin@baml.com External Internal Working

More information

MORE GAIN/LESS PAIN Maximize your cash flow/minimize your effort

MORE GAIN/LESS PAIN Maximize your cash flow/minimize your effort MORE GAIN/LESS PAIN Maximize your cash flow/minimize your effort Approved for 1 CTP/CCM Recertification Credit by the Association of Financial Professionals November 18, 2009 1 Presenters Mary Church,

More information

Cash Management. Solutions That Fit

Cash Management. Solutions That Fit TREASURY SERVICES Cash Management Solutions That Fit TABLE OF CONTENTS The Role of Cash Management Business Cash Cycle...3 Progressive Plan Phase I Information Management & Transaction Control...4 Zero

More information

Agenda Optimizing Working Capital September 24, 2014

Agenda Optimizing Working Capital September 24, 2014 Agenda Optimizing Working Capital September 24, 2014 Speakers Cassio Calil International Corporate Client Banking, J.P. Morgan Setting the Scene Calil manages the International Corporate Client Banking

More information

Accounts Payable Trends & Best Practices May 19, 2011 Agenda Typical AP Challenges AP Automation Invoice Management B2B Payments Financial Supply Chain Q&A 2 Top Priorities CFO View Mitigate Risk 43% Forecast

More information

Commercial Banking and Lending for Morgan Stanley Smith Barney Business Clients. Knowing me. Knowing my business.

Commercial Banking and Lending for Morgan Stanley Smith Barney Business Clients. Knowing me. Knowing my business. Commercial Banking and Lending for Morgan Stanley Smith Barney Business Clients Knowing me. Knowing my business. Commercial Banking Your Morgan Stanley Smith Barney Financial Advisor considers all aspects

More information

HOW AN INTEGRATED RECEIVABLES SOLUTION

HOW AN INTEGRATED RECEIVABLES SOLUTION WHITE PAPER HOW AN INTEGRATED RECEIVABLES SOLUTION ELIMINATES THE BARRIERS TO ELECTRONIC PAYMENTS 2013 WAUSAU FINANCIAL SYSTEMS, INC. All Rights Reserved. All other copyrights cited herein are the property

More information

Your Guide to Going Global with AP Automation. Donna Sawyer Paymode-X Product Manager, Bottomline Technologies

Your Guide to Going Global with AP Automation. Donna Sawyer Paymode-X Product Manager, Bottomline Technologies Your Guide to Going Global with AP Automation Donna Sawyer Paymode-X Product Manager, Bottomline Technologies Agenda Automating Global AP A Case Study for Global EFT Key Considerations When Automating

More information

Industrial Sector: Chemicals and Petroleum (C&P) Point of View

Industrial Sector: Chemicals and Petroleum (C&P) Point of View IBM Institute for Business Value Industrial Sector: Chemicals and Petroleum (C&P) Point of View Discussion Topics 2010 IBM CFO Study Introduction Key Findings & Conclusions; Global vs C&P Results Becoming

More information

Treasury Advisory Services Stability through effective financial risk and liquidity management. Audit. Tax. Consulting. Financial Advisory.

Treasury Advisory Services Stability through effective financial risk and liquidity management. Audit. Tax. Consulting. Financial Advisory. Treasury Advisory Services Stability through effective financial risk and liquidity management Audit. Tax. Consulting. Financial Advisory. Treasury Health Check Identify gaps and benchmark to make informed

More information

Report to: General Committee Date: March 23, 2015

Report to: General Committee Date: March 23, 2015 SUBJECT: PREPARED BY: Banking and Merchant Services Contract Extension Shane Manson - Senior Manager, Revenue & Property Tax RECOMMENDATION: 1) THAT the report Banking and Merchant Services Contract Extension

More information

Healthcare Revenue Cycle and Collection Considerations

Healthcare Revenue Cycle and Collection Considerations Healthcare Revenue Cycle and Collection Considerations Vince Marzula, BNY Mellon Paul Ishizuka, University of Washington January 30, 2012 UW Medicine School of Medicine, 4 hospitals, 30 primary care clinics,

More information

Content and Convergence The future of B2B payments

Content and Convergence The future of B2B payments Content and Convergence The future of B2B payments Content and Convergence: The Future of B2B Payments Business-to-business payment-related services have been and continue to be a key revenue generator

More information

Oracle Financial Analytics Accounts Payable Demo Script

Oracle Financial Analytics Accounts Payable Demo Script Oracle Financial Analytics Accounts Payable Demo Script Last Updated: October 2006 Oracle Systems, Inc. 1 Overview This demo illustrates how Oracle Accounts Payable (A/P) as part of Financial Analytics,

More information

A/P and A/R: Unrelenting Adversaries or Synergetic Partners?

A/P and A/R: Unrelenting Adversaries or Synergetic Partners? A/P and A/R: Unrelenting Adversaries or Synergetic Partners? New York Cash Exchange Adam Kruis Vice President, Working Capital Consultant June 1 st, 2016 Historical adversaries 2 Historical adversaries

More information

Private Companies Banking in a Sarbanes-Oxley World

Private Companies Banking in a Sarbanes-Oxley World Private Companies Banking in a Sarbanes-Oxley World While SOX was largely intended to apply to public companies only, the pain has extended to private companies. INTRODUCTION The Sarbanes-Oxley Act of

More information

How to Talk to Vendors about Accepting Card Payments

How to Talk to Vendors about Accepting Card Payments How to Talk to Vendors about Accepting Card Payments Presented by: David Nakagawa Maureen Sudbay Kristen Bolden Visa Overview 14,600 Financial institution clients 1 2.2 billion Visa cards (as of June 30,

More information

Products. Small Business Banking Banking Solutions That Meet the Needs of Your Small Business Customers

Products. Small Business Banking Banking Solutions That Meet the Needs of Your Small Business Customers Products Small Business Banking Banking Solutions That Meet the Needs of Your Small Business Customers Products Small businesses make up 10 percent of a bank s accounts on average, but typically generate

More information

SunTrust Corporate Payment Solutions. David Fuller Senior Vice President Treasury Management Services Division Manager

SunTrust Corporate Payment Solutions. David Fuller Senior Vice President Treasury Management Services Division Manager SunTrust Corporate Payment Solutions David Fuller Senior Vice President Treasury Management Services Division Manager The following should be read in conjunction with the financial statements, notes and

More information

Unleashing New Working Capital Potential with Order-to-Pay Automation

Unleashing New Working Capital Potential with Order-to-Pay Automation NOVEMBER 2008 Unleashing New Working Capital Potential with Order-to-Pay Automation Executive Summary As organizations automate their order-to-pay process, many discover an unexpected and often unplanned

More information

Case Study: Automating Healthcare Supplier Payments

Case Study: Automating Healthcare Supplier Payments Case Study: Automating Healthcare Supplier Payments Robert Raucci, Director-Treasury Operations Thomas Jefferson University June St. John, SVP, CTP Wells Fargo Treasury Management 2 Overview Today s healthcare

More information

Impact of Basel III Liquidity Requirements on the Payments Industry

Impact of Basel III Liquidity Requirements on the Payments Industry Cards & Payments the way we see it Impact of Basel III Liquidity Requirements on the Payments Industry Liquidity management strategy for banks providing payment services Table of Contents 1. Summary 3

More information

Products Currency Supply Chain Management

Products Currency Supply Chain Management Products Currency Supply Chain Management Today s Enterprises Need Intelligent and Integrated Solutions to Optimize Currency Levels, Reduce Expenses and Improve Control Products The financial services

More information

Financial Management: Virtual Consortium Study. Improving Working Capital Management and Cash Flow Intelligence

Financial Management: Virtual Consortium Study. Improving Working Capital Management and Cash Flow Intelligence Financial Management: Virtual Consortium Study Improving Working Capital Management and Cash Flow Intelligence Recovery: Macro Matters Double dip recession unlikely But U.S. GDP growth stays weak Unemployment

More information

Solutions Remittance Solutions

Solutions Remittance Solutions Solutions Remittance Solutions Third-Party, Private-Label Remittance Processing That Helps You Grow Revenue, Increase Deposits and Serve Valued Customers Without the Capital Investment Solutions Offering

More information

Moving to E-payments, Part Two: Are Electronic Collections Right for Your Business?

Moving to E-payments, Part Two: Are Electronic Collections Right for Your Business? Moving to E-payments, Part Two: Are Electronic Collections Right for Your Business? Written by: Linda Coven Head of Online Banking and Channel Management 408.654.7308 lcoven@svb.com Susan Merrill Sr. Product

More information

Save Money, Save Trees: How Payment Automation Can Sustain Your Agency While Sustaining the Planet

Save Money, Save Trees: How Payment Automation Can Sustain Your Agency While Sustaining the Planet Save Money, Save Trees: How Payment Automation Can Sustain Your Agency While Sustaining the Planet 2010 Presented by: Elavon Financial Services Yves Delisle Assistant Vice President Public Sector Sales

More information

Strategic Outlook. RDC: The Next Generation An integrated receivables platform. Takeaway. What s in this Paper?

Strategic Outlook. RDC: The Next Generation An integrated receivables platform. Takeaway. What s in this Paper? Strategic Outlook RDC: The Next Generation Takeaway Corporate treasury and receivables managers are demanding solutions that integrate seamlessly with banking and internal applications To improve efficiencies

More information

SWIFT for Corporates: Making the Business Case

SWIFT for Corporates: Making the Business Case SWIFT for Corporates: Making the Business Case Vince Bahl, Vice President of Systems Engineering Bottomline Technologies David Levine, Director of Product Marketing Bottomline Technologies 2 Access to

More information

Treasure Trove The Rising Role of Treasury in Accounts Payable

Treasure Trove The Rising Role of Treasury in Accounts Payable Treasury and Trade Solutions North America July 30, 2015 Treasure Trove The Rising Role of Treasury in Accounts Payable 2015 Citibank, N.A. All rights reserved Today s Speakers Andrew Bartolini Chief Research

More information

ORDER-TO-CASH OUTSOURCING

ORDER-TO-CASH OUTSOURCING ORDER-TO-CASH OUTSOURCING Finance and Accounting BPO Buyers Moving Toward Process-Based OTC Outsourcing Kerrie Freeman, Director, ISG www.isg-one.com INTRODUCTION To date, the majority of order-to-cash

More information

Kofax White Paper. Overcoming Challenges in Accounts Payable Automation. Executive Summary. Benefits of Accounts Payable Automation

Kofax White Paper. Overcoming Challenges in Accounts Payable Automation. Executive Summary. Benefits of Accounts Payable Automation Kofax White Paper Overcoming Challenges in Accounts Payable Automation Executive Summary Accounts payable automation presents unique challenges. It is characterized by large volumes of data, arriving in

More information

Or What makes Canadian Banking different?

Or What makes Canadian Banking different? CANADIAN BANKING Sharing a Border Or What makes Canadian Banking different? Ray Kohler Senior Relationship Manager, US Markets RBC Royal Bank 1 Agenda Understand the basic differences between Canadian

More information

Cure P2P Blind Spots with Expense Reporting Management Solutions

Cure P2P Blind Spots with Expense Reporting Management Solutions Cure P2P Blind Spots with Expense Reporting Management Solutions Capturing Competitive Advantage Featuring insights on...»» Current Market Trends in P-Card Usage»» Common Problems of P-Card Management»»

More information

Unlocking the Value through Supply Chain Finance Erste Group Banca Comerciala Romana Mannheim, 3rd of May 2012

Unlocking the Value through Supply Chain Finance Erste Group Banca Comerciala Romana Mannheim, 3rd of May 2012 Unlocking the Value through Supply Chain Finance Erste Group Banca Comerciala Romana Mannheim, 3rd of May 2012 Valentin Galatanu Executive Director Transaction Banking Unlocking the Value through Supply

More information

CHAPTER 9: BANKING DOING BUSINESS IN GREATER PHOENIX, U.S.A. 9.1: THE U.S. BANKING SYSTEM 9.2: ESTABLISHING A U.S. BANK ACCOUNT

CHAPTER 9: BANKING DOING BUSINESS IN GREATER PHOENIX, U.S.A. 9.1: THE U.S. BANKING SYSTEM 9.2: ESTABLISHING A U.S. BANK ACCOUNT CHAPTER 9: BANKING 9.1: THE U.S. BANKING SYSTEM Unlike banks in many countries, U.S. banks are not government-owned and managed. They provide deposit facilities for the general public, provide loans for

More information