Cash management seems simple enough; money comes in, money goes out.
However, managing the flows and gathering the right information at the right time is complicated and tricky.
Understanding the pitfalls and anticipating Murphy's Law is both a science and an art.
Objectives of the Presentation:
- Treasurer's role and responsibilities
- Daily cash management activities
- Cash analysis methods
- Cash management products and services
- Payment types - volumes and transactions
- Banks' view of your cash management
- Compliance and risk issues
Why Should You Attend?
Cash is King! You've heard that I'm sure. But managing cash can be a pain in the butt. Establishing procedures, maintaining banking relationships and getting good, reliable information are some of the key elements of good cash management.
The larger the company, the more complex the issues and hence the solutions. No longer a pencil and paper enterprise; managing cash is the Rubik's Cube of finance. A bank that is not making its commercial and small business customers' lives easier cannot expect them to utilize its Cash Management products. Internet cash management is typically the anchor product and ancillary systems such as ACH, positive pay and bill pay are often bolted on as an afterthought.
Depending on the size of the company, there are issues ranging from basic cash management and cash flow with risk and relationship management to more sophisticated treasury management including foreign exchange and treasury management systems.
An essential part of cash management is budgeting and forecasting and managing actual against both expectations. Understanding the source of the data as well as the confidence you have in its reliability plays a large part in the management of your company's cash.
- Inflows, outflows, and information
- Bank products and services
- Where to get data
- Internal and external information
- Cash position
- Budgeting and forecasting
- Excel versus treasury workstations
- Departmental structure
Graber Associates LLC
Ray Graber has a deep and thorough understanding of banking, technology, and finance. His business experience includes banking technology research at TowerGroup; best practices internet security, policies, and procedures at FleetBoston Financial; wire transfer operations and product launches at Citibank and BankBoston; and treasury operations for a $325 million public company.
Mr. Graber was an adjunct professor at the Carroll School of Management at Boston College where he taught three graduate-level courses: E-Banking, the MBA Leadership Workshop, and Corporate Finance. Previously, he taught the Financial Management of Commercial Banks in the Boston College Carroll School of Management Masters of Finance Program and Working Capital Management and Cash Management at the Bentley College Graduate Business Program.
Ray holds a Bachelor of Arts degree in Mathematics and an MBA in Finance and MIS, both from Boston College.
- Accountants and CPAs
- Accounts Payables Managers
- Accounts Receivables Managers
- Assistant Treasurers
- Cash Managers
- Compliance Officers
- Operations Managers
- Payments Managers
- Procurement Managers