Agenda
March 22, 2005
7:15am – 8:25am
Registration and Continental Breakfast
-------------------------------------------------------------------------------------------------------------------------------
8:30am – 9:40am
Keynote Speech: Is This Job Fun Anymore? Irina Simmons, Senior Vice President and Treasurer, EMC Corp. and Chairman, National Association of Corporate Treasurers
THE STRATEGIC TREASURER: Creating the Value Proposition
• Do you have all the tools required to maximize operational performance and financial returns outside of treasury?
• Building the optimal control framework
• How creative can you afford to be, given the current emphasis on corporate governance?
• When’s the last time you talked to sales and when’s the last time sales came to you?
Session Chairperson: Susan Skerritt, CTP, Partner and Director, Treasury Strategies Inc.
Panelists:
Ira Birns,Vice President and Treasurer, Arrow Electronics Inc.
Mark Rogus, Vice President and Treasurer, Corning Inc.
Irina Simmons, Senior Vice President and Treasurer, EMC Corp.
John Weisenseel, Senior Vice President and Corporate Treasurer, The McGraw-Hill Cos.
-------------------------------------------------------------------------------------------------------------------------------
9:45am – 10:40am
ELECTRONIFICATION OF PAYMENTS: Injecting Predictability into Your Cash Flow
• What is driving your payment electronification strategy for your company?
• How has payment electronification changed your company’s accounts receivable and accounts payable processes?
• The impact of Check 21
• Is the risk of fraud in an electronic era greater or just different?
Session Chairperson: Andrew Sandiford, Head of U.S. Dollar Check Services, Global Cash Management, Deutsche Bank
Panelists:
Michele Braun, Financial Specialist, Research/Payments Studies, New York Federal Reserve Board
Damian Glendinning, Director of Treasury Operations and Pension Strategy, IBM Corp.
Brigitta Kocherhans, President, Siemens Capital Co. LLC
-------------------------------------------------------------------------------------------------------------------------------
10:40am – 10:55am
Networking Break
-------------------------------------------------------------------------------------------------------------------------------
10:55am – 11:50am
GLOBAL LIQUIDITY MANAGEMENT: Bringing Back the Bucks
• To repatriate or not? Arguments for and against repatriating foreign earnings
• Appropriate uses of cash and their potential tax/legal hurdles
• Further opportunities within the American Jobs Creation Act
Session Chairperson: Niko Havoutis, Senior Vice President, Head of Global Liquidity and Investment Management, JPMorgan Chase
Panelists:
Martha Beard, Segment Strategy Executive, JPMorgan Chase
Brian Byala, Assistant Treasurer, Pfizer Inc.
Mark McDonough, Assistant Treasurer, Global Capital Markets, Merck & Co.
Craig Mondschein, Director of Cash Management and Banking, Honeywell International Inc.
-------------------------------------------------------------------------------------------------------------------------------
12:00pm – 1:30pm
Luncheon Program ENTERPRISE RISK MANAGEMENT: Transitioning from Myth to Reality
• Why are more companies pursuing ERM?
• How are the leading companies successfully implementing ERM?
• How does it become the fabric of doing business rather than a separate activity?
• Why is it so important to incorporate ERM principles into strategic planning, capital allocation and budgeting, performance measurement and reporting?
Session Chairperson: Robert Vettoretti, Director, PricewaterhouseCoopers LLP
Panelists:
Laurie Champion, Director, Corporate Insurance and Risk Governance, Ford Motor Co.
Thomas Hofmann, Senior Vice President and CFO, Sunoco Inc.
-------------------------------------------------------------------------------------------------------------------------------
1:40pm – 2:35pm
CORPORATE GOVERNANCE: Round 2 with Sarbanes-Oxley
• Assessing the damage from Round 1
• What kind of plan should you have in place for 2005?
• How will the uncertainties of compliance affect the credit markets?
• Emerging best practices for business process improvement
Session Chairperson: Jay Cohen, Global Compliance Leader, D&B Corp.
Panelists:
Margaret Foran, Vice President, Corporate Governance, and Corporate Secretary, Pfizer Inc.
Steven Krippner, Director, Treasury and Risk Advisory Practice, PricewaterhouseCoopers
-------------------------------------------------------------------------------------------------------------------------------
2:35pm – 3:20pm
KEYNOTE SPEECH: The Treasurer’s Role in Working Capital Management
Jesse Greene, Vice President and Treasurer, IBM Corp.
-------------------------------------------------------------------------------------------------------------------------------
3:20pm – 3:35pm
Networking Break
-------------------------------------------------------------------------------------------------------------------------------
3:35pm – 4:30pm
WORKING CAPITAL MANAGEMENT: The Need for 360-Degree Visibility
• If you don’t have accurate and up-to-date global information driving your working capital management, maybe you should call it something else
• Optimizing your deployment of internal free capital
• Checklist for a strong working capital management strategy
Session Chairperson: Diane R. Quinn, Managing Director, Working Capital Solutions, Citigroup
Panelists:
Damian Glendinning, Director of Treasury Operations and Pension Strategy, IBM Corp.
David O’Brien, CCM, Assistant Treasurer, EDS Corp.
-------------------------------------------------------------------------------------------------------------------------------
4:30pm – 5:25pm
RETIREMENT/EMPLOYEE BENEFIT ISSUES: We See the Tunnel, but Where’s the Light?
• If Social Security goes private, what does it mean for DB and DC plans?
• Can you create benefit plans that meet company and employee needs?
• Is there a future for DB plans?
Session Chairperson: Ari Jacobs, Practice Leader East Region Retirement and Actuarial Practice, Hewitt Associates Inc.
Panelists:
Diann Howland, Vice President, Retirement Policy, American Benefits Council
Marilyn Martin, Vice President – Benefits Planning & Design, The McGraw-Hill Cos.
Ted J. Schwartzman, Manager of Northeast Practice, Hewitt Investment Group
Karen Treadwell, Treasurer, Rockefeller Group International Inc.
-------------------------------------------------------------------------------------------------------------------------------
March 23, 2005
7:30am – 8:15am
Breakfast Workshop FIXED INCOME INVESTMENT: What Drives Investor Decisions?
• How much sway does the ratings agencies hold?
• Which securities structures are most appealing in today’s market?
• The importance of “face time” with senior management
Session Chairperson: Jonathan W. Levin, Principal, The Williams Capital Group LP
-------------------------------------------------------------------------------------------------------------------------------
8:30am – 9:15am
KEYNOTE SPEECH: Treasury’s Evolving Role in Strategic Decision Making Gary Crittenden, Executive Vice President and CFO, American Express Co.
-------------------------------------------------------------------------------------------------------------------------------
9:20am – 10:15am
FINANCIAL RISK MANAGEMENT: Damned If You Hedge and Damned If You Don’t
• The increasingly tricky game of hedging the dollar and euro
• The big imponderables for your hedging strategy this year
• A look at the best practices of the best and brightest on both sides of the Pond
• Post Fannie Mae, are you sure you are on solid ground with FAS 133?
Session Chairperson: Jiro Okochi, CEO and Co-Founder, Reval.com Inc.
Panelists: Wolfgang J. Koester, CEO, RimTec Inc.
Michael Lukas, Assistant Treasurer, General Motors Corp.
Denise McGlone, Assistant Treasurer, Lucent Technologies Inc.
Lee Perkin, Director – Head of Accounting Solutions, ABN AMRO BANK N.V.
-------------------------------------------------------------------------------------------------------------------------------
10:15am – 10:30am Networking Break
-------------------------------------------------------------------------------------------------------------------------------
10:30am – 11:25am FINANCIAL SUPPLY CHAIN MANAGEMENT: Herding Cats, but Much More Rewarding
• How do you achieve tighter integration between the physical supply chain and finance?
• Do you have the right sales pitch to sell it to your vendors?
• How transparent is your accounts payable?
Session Chairperson: Henry Waszkowski, Managing Director, Treasury Performance Group Inc.
Panelists: James Monyak, Asst. Vice President – Accounting, The Pep Boys
Don Morrison, Managing Director, GMAC Commercial Finance
Jim O’Rourke, Director, Business Development, ICG Consulting
William Zadrozny, President and CEO, Siemens Financial Services Inc.
-------------------------------------------------------------------------------------------------------------------------------
11:25am – 12:20pm FINANCIAL LEADERSHIP: To Lead You Have to Be Willing to Take the First Step
• Profiling the effective leader in finance
• Improving the quality of your staff
• Educating your non-finance business partners not to forget the finance and risk implications of strategies and action plans
• Ideas to make you better able to do your current job and the next one
Session Chairperson: Pat Wechsler, Editorial Director, Treasury & Risk Management
Panelists:
Amy Butte, Executive Vice President and CFO, New York Stock Exchange Inc.
Elizabeth Higgins, CFO, Oglethorpe Power Corp.
Tim McDannold, Vice President and Assistant Treasurer, Diebold Inc.
Amit Shroff, Treasury Director, Market Risk ALM and International, Toyota Financial Services
-------------------------------------------------------------------------------------------------------------------------------
12:30pm – 2:30pm
Luncheon Program KEYNOTE SPEECH: Trends in Corporate Governance Donald T. Nicolaisen, Chief Accountant, U.S. Securities and Exchange Commission
Speakers
Keynote Speakers: Kathy Cassidy, Treasurer, General Electric Co.; Honorable Harvey J. Goldschmid, Commissioner, U.S. Securities and Exchange Commission and Peter R. Fisher, Managing Director, BlackRock and former Under Secretary of Treasury
• Michael J. Allan, Vice President and Treasurer, Praxair Inc.
• Michele Braun, Financial Specialist, Payments Studies Function, Federal Reserve Bank of New York
• Bart Cocales, Director, Treasury Controller, Microsoft Treasury Function, Microsoft Corp.
• Fred Cohen, Lead Partner, PricewaterhouseCoopers LLP
• Cathy Engelbert, Partner, Deloitte & Touche LLP
• Rebecca Flick, Vice President and Treasurer, The Home Depot Inc.
• Harvey J. Goldschmid, Commissioner, U.S. Securities and Exchange Commission
• Pamela M. Hess, CFA, Defined Contribution Consultant, Hewitt Associates
• Sanjiv Khattri, Executive Vice President and CFO, General Motors Acceptance Corp. (GMAC)
• Ken Koreyva, Corporate Treasurer, ACE Limited
• Steven Krippner, Senior Manager, Treasury and Risk Advisory Practice, PricewaterhouseCoopers LLP (PwC)
• Mike Martino, CCM, Director, Cash and Banking, CSX Corp.
• Denise McGlone, Assistant Treasurer, Lucent Technologies Inc.
• James A. Newfrock, Senior Director, Booz Allen Hamilton Inc.
• Jiro Okochi, Chief Executive Officer and Co-founder, Reval Inc.
• E. Scott Peterson, Retirement Outsourcing Global Business Leader, Hewitt Associates LLC
• Andrea Robertson, MasterCard International, Senior Vice President and Treasurer
• Jeremy Roche, Chief Executive Officer, CODA Group
• Andrew Sandiford, Director, Head of US Dollar Check Services, Global Cash Management, Deutsche Bank
• Cary G. Schmiedel, Vice President and Treasurer Symbol Technologies Inc.
• Mark D. Settles, Vice President, International and US Fixed Income Group, JPMorgan, Fleming Asset Management
• Susan Skerritt, Partner, Treasury Strategies Inc.
• Laurie K. Stewart, Vice President and Corporate Treasurer, Air Products and Chemicals Inc.
• Dennis Sweeney, Deputy Treasurer, General Electric Co.
• Con Tiernan, Head of Sales, ABN AMRO Treasury Solutions
• J. H. Chris. van Dijl, Global Cash Manager, Rohm and Haas Co. Inc.
• Henry L. Waszkowski, CCM, Senior Vice President, Wachovia Treasury Consulting Practice
• Elyse A. Weiner, Vice President, Global Liquidity & Investments, JPMorgan Treasury Services
• Steve Wolgamott, International Treasury Manager, Diebold Inc.
• Christopher J. Wrenn, Managing Director, Chief Operating Officer, HVB Americas
Sponsors
PricewaterhouseCoopers
Diamond Level Sponsor
PricewaterhouseCoopers provides industry-focused assurance, tax and advisory services for public and private clients. More than 120,000 people in 139 countries connect their thinking, experience and solutions to build public trust and enhance value for clients and their stakeholders. “PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
-------------------------------------------------------------------------------------------------------------------------------
ABN AMRO
Gold Level Sponsor
In the drive for continuing competitive advantage, unlocking working capital trapped in traditional supply chains is a corporate priority. CFOs and treasurers must focus on maximizing resources, improving margins and recouping capital investment as well as managing the risks inherent in dealing with new markets and suppliers. In essence, finance professionals must constantly find the optimal balance of risk and efficiency.
ABN AMRO welcomes the challenge that this presents. We understand that effective working capital management demands an integrated and diagnostic approach that looks across business functions and geographies to deliver individual, flexible working capital solutions.
ABN AMRO’s Working Capital harnesses the bank’s leading positions in global cash flow, trade and liquidity management with financial markets and asset management expertise to deliver a fully integrated, advisory approach to the needs of corporations and financial institutions. Using this approach, ABN AMRO has created winning solutions for many prestigious clients.
ABN AMRO is recognized for the quality and innovation of its Working Capital solutions. Recent awards include No.1 cash management in Western Europe’ (Euromoney Cash Management Poll, November 2003), ‘Best Bank in Third Party CLS’ (FX Week, 2003 Annual Survey) ‘Best Bank in FX in the Eurozone’ (FX Week, November 2003) ‘Best Electronic Services in Trade Finance, www.maxtrad.com (Euromoney, November 2003) and Best Provider of Outsourced Treasury Solutions for Europe (Global Finance, April 2004).
With total assets of more than US $620 billion and a presence in over 60 countries, ABN AMRO is one of the world's largest banks.
www.workingcapital.abnamro.com
-------------------------------------------------------------------------------------------------------------------------------
Ace Group
Gold Level Sponsor
The ACE Group of Companies is one of the world's largest providers of insurance and reinsurance. ACE leverages its unique strengths and broad expertise to deliver specialty insurance and tailored products for clients worldwide. Headquartered in Bermuda since its inception in 1985, ACE was created to provide hard-to-find excess liability coverage. Today, ACE operates in 50 countries around the world with an exceptional underwriting team committed to discipline, excellence and integrity. As true innovators in the insurance industry, ACE prides itself on developing the appropriate response to every challenge. ACE uses its strong analytical skills, breadth of resources and deep industry experience to address complex insurance and financial issues. Because each client's needs are specific and unique, ACE continually explores new and creative ways to manage these risks. ACE's global reach and knowledge enable it to deliver the kind of quality and service that builds lasting relationships. Around the world, ACE's clients and brokers can expect the highest level of commitment to service.
-------------------------------------------------------------------------------------------------------------------------------
Citigroup® Global Transaction Services
Gold Level Sponsor
Citigroup Global Transaction Services is a leading provider of cash management, trade, securities and fund services to financial institutions, corporate clients and public sector entities around the world. With a global network spanning 90 countries, we are uniquely qualified to service clients with local and cross-border interests and provide integrated reporting and management. Global Transaction Services helps clients address strategic issues such as working capital and liquidity management, treasury integration, trade finance and other trade services, custody, clearing, fund administration, securities financing, depositary receipt, and agency and fiduciary programs. Our global platform is unique in the industry for its reach, interoperability and flexibility. It provides clients with timely, accurate information and dynamic, Web-based tools to effectively manage their securities portfolios, financial positions, working capital and supply chains around the world. Combined with a worldwide network of dedicated and experienced transaction services professionals, Citigroup is well suited to serve clients anywhere they do business.
Cash Management
Our cash management team provides capabilities and solutions to help clients streamline their business processes, realizing greater operational efficiencies and managing working capital more effectively. With more than $115 billion in liability balances, Citigroup is one of the largest processors of cash flows globally. Our capabilities and solutions can accelerate cash collection, provide transparency of cash movement, reduce exposure to risk, and trim operating costs.
Trade Services
Citigroup trade services provide clients with capabilities that help them manage their trade business and expand to new markets. Our trade team provides a wide range of solutions for all global trade needs, including trade portfolio risk mitigation and innovative trade finance and information capabilities. With a proprietary network spanning 90 countries and a correspondent bank network of over 3,000, Citigroup has the global reach and local intelligence needed to help clients trade safely and efficiently across borders.
Securities Services
Citigroup is a leader in domestic and cross-border transaction services for the world’s investors, intermediaries and issuers with more than $6.4 trillion in assets under custody and trust. Citigroup consistently ranks as the premier choice for custody, clearing, securities finance, global agency and trust and depositary receipt services in more markets than any other bank, according to industry surveys. Investment managers, broker-dealers and global custodians rely on Citigroup for authoritative market intelligence, state-of-the-art processing capabilities and responsive client service.
Fund Services
Our fund services group is a leading service provider to the global mutual fund, hedge fund and offshore fund industries. By managing all operational, administrative and regulatory activities in a single coordinated package, Citigroup provides solutions that allow clients to remain focused on their core business. Services include administration, accounting, trustee, transfer agency, shareholder services, compliance and regulatory support provided from multiple international fund centers including the U.S., Luxembourg, Dublin, Poland, Bermuda, Channel Islands, Cayman Islands and Singapore. This global reach assures efficiency, accuracy and consistency in service delivery and execution.
www.citigroup.com/transactionservices
-------------------------------------------------------------------------------------------------------------------------------
Coda
Gold Level Sponsor
The CODA Group is a leading global provider of corporate performance management and financial accounting solutions. It has a 25-year track record of applying innovative technology and financial expertise to help enterprises from all sectors address their compliance, financial control and business analytic requirements.
Its best-of-breed solutions provide organizations with complete financial transparency, process control and the ability to monitor and manage performance at every level. More than 2,500 organizations worldwide use CODA solutions; in the US, CODA Financials, Inc. - part of the CODA Group - supports hundreds of clients including IKEA, Pan-American Life, Texas Pacific Group and Bain and Co.
CODA’s solutions include a unique process control tool that allows companies to model, and control processes such as period close, group consolidation or reporting that are essential for compliance and audit as well as delivering fast, efficient operations. CODA Collaborative Control adds a sophisticated task processing engine to the Microsoft Office infrastructure already widely deployed in many enterprises.
Other CODA solutions include CODA-Financials, its core international accounting solution. Able to handle multiple currencies, languages and companies in a single application, it is ideally suited to enterprises which have complex financial requirements or simply require a sophisticated, flexible solution that can drive down the cost of finance and cope with market and corporate changes.
Added to this are CODA-Intelligence, a datamart solution that forms the platform for corporate performance management, and a range of analytic solutions including CODA-Planning and Scorecarding. These can help organizations monitor and analyze performance and drive strategy across the enterprise.
CODA Financials Inc. is headquartered in Bedford, NH, and has sales, service and support operations around the world. The CODA Group is part of an IT services company, CODASciSys Plc, which is listed on the Alternative Investment Market of the London Stock Exchange (stock symbol: CSY).
-------------------------------------------------------------------------------------------------------------------------------
Deutsche Bank
Gold Level Sponsor
Deutsche Bank is a recognized leader in cash management and caters to the needs of a diverse client base. With its comprehensive range of innovative and reliable solutions, the Bank handles the complexities of global and regional treasury including:
• Customer Access
• Payment and Collection Services
• Liquidity Management
• Information and Account Services
• Electronic Bill Presentment and Payment Solutions
We are committed to service excellence and take the time to fully understand our clients’ unique challenges. Furthermore, Deutsche Bank is one of the truly global banks with local on-the-ground expertise in terms of sales, implementation and customer service. Leveraging a cohesive network, investment in technology, robust cash management solutions and a dedicated team, we fulfill clients’ requests for increased efficiency and state-of-the-art services.
Voted ‘Best at Cash Management’ in The Banker Investment Banking Awards 2002, Deutsche Bank provides customers with a clear competitive advantage in an ever-changing business environment.
-------------------------------------------------------------------------------------------------------------------------------
Hewitt
Gold Level Sponsor
Hewitt Associates is a global outsourcing and consulting firm delivering a complete range of human capital management services to companies including: HR, Benefits, and Payroll Outsourcing; HR Strategy and Technology; Health Care; Organizational Change; Retirement and Financial Management; and Talent and Reward Strategies.
-------------------------------------------------------------------------------------------------------------------------------
JPMorgan
Gold Level Sponsor
JPMorgan Treasury Services is a full-service provider of innovative treasury, cash management, liquidity, trade finance, information and e-commerce solutions to corporations, financial services companies and government entities worldwide. As a leader in U.S. dollar and cross-border payments, JPMorgan Treasury Services processes as much as $1.9 trillion in U.S. dollar wire payments on any given day and has been the number-one ACH originator since its inception some 27 years ago. JPMorgan Treasury Services delivers the strength of a global investment banking powerhouse, along with the personal touch and best in-country expertise of the finest regional banks worldwide.
-------------------------------------------------------------------------------------------------------------------------------
Reval
Gold Level Sponsor
Reval® is a financial technology company headquartered in New York City. Founded to provide innovative and affordable solutions to increasingly complex financial management requirements, Reval® provides web-based treasury and risk management solutions and services to corporations and financial institutions.
Reval blends finance, technology, software, and operations expertise to deliver effective and rapidly deployable solutions that bring immediate return on investment to clients.
Products/Services
Reval's flagship product, HedgeRx™, provides front-to-back office processing of foreign exchange, interest rate, energy, metal, and agricultural derivatives and underlying exposures as well as the most comprehensive tool to comply with FAS 133 and IAS 39. HedgeRx helps clients reduce earnings volatility and the risk of restatement, enhance the flexibility of hedging programs, and reduce operating costs.
Delivered over the Internet or on a corporate intranet, HedgeRx exemplifies the mix of cutting edge technology and financial experience that is making Reval the choice for a growing number of clients ranging from small corporations to the Fortune 50.
Technology
Reval’s web-based technology platform, RxCORE™, provides the accessibility, efficiency and immediate deployment of a hosted solution with the speed and security of an in-house system. And its extensible component architecture allows for rapid and painless customization and integration.
-------------------------------------------------------------------------------------------------------------------------------
Wachovia
Gold Level Sponsor
Wachovia Treasury & Financial Consulting provides strategic direction, process re-engineering and implementation assistance to financial executives within treasury, finance and related areas. Our independent consultants specialize in creating practical solutions with measurable results to corporations, non-profit organizations and governmental agencies. Wachovia Treasury & Financial Consulting's core practice areas include treasury operations, working capital management, financial transparency and automation.
Receive Practical Solutions
Our consultants work closely with you to understand your company’s objectives and challenges, helping you meet your business goals and implement strategic financial initiatives. We advise clients on a wide range of topics, such as:
Corporate Treasury Management
• Mergers, Acquisitions, Spinoffs
• Treasury Organization
• Bank Account Structure
• Cash Flow Management
• Risk Management
• International Treasury
Working Capital Management
• Working Capital and Cash Forecasting
• Collections Effectiveness
• Credit Policy Review
• Strategic Sourcing
• Re-Engineering Accounts Payable and Accounts Receivable
Treasury Automation, eFinance and Technology
• Treasury Automation: Workstations, ASPs and Outsourcing
• EDI/EFT and the Automated Clearing House (ACH)
• Reconcilement Automation
• Financial eCommerce
• Electronic Check Conversion
Achieve Measurable Results
Wachovia Treasury & Financial Consulting practice leaders have significant, relevant experience and can provide customized solutions to match your company’s unique business needs. You can rely on our expertise to deliver practical recommendations to optimize your company’s cash flow and maximize treasury management effectiveness.
-------------------------------------------------------------------------------------------------------------------------------
BlackRock
Silver Level Sponsor
Recognized as one of the world’s leading asset managers, BlackRock has grown from a boutique investment management firm founded in 1988 to an established investment advisor and a premier provider of risk management services. BlackRock offers fixed income, liquidity, equity, alternative investment and risk management products to corporate and public pension plans, insurance companies, banks, mutual funds, endowments, foundations, nuclear decommissioning trusts, corporations and individuals worldwide.
• Eighth-largest institutional asset manager worldwide
• Nine of 10 largest US companies are BlackRock clients
• Oversee $2.3 trillion in risk assets under management
• Named Fixed Income Manager of the Year in 2002 by Global Pensions Magazine
• Awarded Global Investor magazine’s Award for Investment Excellence for US Bonds in 2002
• Named Asset Management Risk Manager of the Year in 2000 by Risk magazine
Approximately 800 professionals worldwide with offices in Boston, Edinburgh, Hong Kong, New York, San Francisco, Tokyo and Wilmington
Contact: John Moran, Managing Director 800-768-2836
-------------------------------------------------------------------------------------------------------------------------------
Deloitte
Silver Level Sponsor
Deloitte, one of the nation’s leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel.
Our Treasury Services practice is a global resource of treasury and risk management services for corporate, financial, and government entities. Our professionals are experts in their respective fields and partner with you to navigate the ever-changing economical, environmental, and technological landscapes you contend with daily.
At Deloitte, our approach is straightforward: optimize the efficiency, consistency, effectiveness, and accuracy of your treasury operations in a secure, comprehensive environment. To that end, we have conceptualized our scalable Treasury Services in three key focus areas: Organization, Process, and Technology: Organization: Is your treasury operation best served in a centralized or decentralized configuration? How efficiently does treasury communicate with its internal partners, if at all? Are the appropriate controls in place?
Process: How does your treasury function measure up to industry standards? Are you operating in compliance with all current regulatory requirements across all regions? Are you optimizing your investments and minimizing funding costs? Technology: Have you incorporated the latest technologies to enable the most efficient and accurate practice? Are many manual processes utilized throughout your treasury operation and what are the inherent risks associated with these processes? Are you operating in a consistent, stable, and secure environment?
Our comprehensive solution sets effectively provide value around: vendor/systems selections (treasury, risk, financial, etc.), operations design, bank relationship management, best practice reviews, financial/operational risk and control assessments, global cash management, asset/liability management, regulatory compliance, and all associated facets of treasury
Now more than ever, financial professionals within treasury are consulted for and participate in enterprise-wide strategic decision making processes. Deloitte presents the resources with the extensive breadth of expertise across all treasury-related disciplines to help you achieve your company’s goals and strategies.
"Deloitte" refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu.
-------------------------------------------------------------------------------------------------------------------------------
GE Fleet Services
Silver Level Sponsor
Headquartered in Eden Prairie, Minnesota, GE Fleet Service, is one of the largest corporate fleet management companies in the world with more than 1.4 million cars and trucks under lease and service management globally. GE Fleet Services has operations in the United States, Canada, Mexico, Europe, Japan, Australia, and New Zealand. Customers represent Fortune 500 companies, as well as small and regional businesses around the world.
GE Fleet Services provides products and services that focus on the entire lifecycle of a vehicle: financing; selection and acquisition; tax, title and licensing; and operating expense management. In addition, the company offers integrated strategic fleet management programs, such as maintenance management, accident and prevention services, electronic fuel card, registration renewal, expense and management reporting, discount purchasing, fleet management outsourcing and web-based fleet management tools.
-------------------------------------------------------------------------------------------------------------------------------
MasterCard Corporate Payment Solutions®
Silver Level Sponsor
MasterCard provides a suite of solutions which enable corporations to re-engineer inefficient payment processes. MasterCard solutions have all of the following common elements:
• Best-in-class data content and retrieval capabilities
• Superior controls
• Enablement of reduced cycle times
• Features which foster employee empowerment and satisfaction
• Integration capabilities with e-procurement and electronic expense report applications
MasterCard recognizes that corporations are under increasing pressure to cut costs and improve their bottom line:
The MasterCard Corporate Card® enables travelers to seamlessly pay for transportation, lodging, meals, and other services they need anywhere around the globe. In addition, MasterCard enables convenient cash access at more than 900,000 locations worldwide.
The MasterCard Corporate Purchasing Card® is designed to reduce the costs of the traditional paperwork intensive accounts payable and purchasing process.
The MasterCard Corporate Fleet Card® allows organizations to effectively monitor and control both fuel and routine vehicle maintenance spending. MasterCard’s Fleet Card provides enhanced fleet data and authorization controls at nearly every gas and service station; additionally the MasterCard Fleet card provides enhanced purchasing data at major vehicle repair and parts suppliers.
The MasterCard Corporate Multi Card®. Commitment to innovation has led to the development of a card program which enables multiple program functionality on a single card. The MasterCard Corporate Multi Card provides a consolidation of Purchasing, Travel, or Fleet without the loss of controls or data provided in the individual programs. This practice is growing in use and acceptance among large corporations because it provides flexibility while helping to further reduce costs related to managing multiple card programs.
-------------------------------------------------------------------------------------------------------------------------------
Siemens Financial Services
Silver Level Sponsor
We at Siemens Financial Services, Inc. are leaders in providing innovative financial solutions to businesses throughout the United States. We offer a broad spectrum of products and services, which can be customized to meet our clients’ needs.
Siemens Financial Services is one of the 20 Siemens Operating Companies. Siemens AG, headquartered in Munich, is a leading global electronics and engineering company. Siemens and its subsidiaries employ 417,000 people in 192 countries and reported worldwide sales of $80.3 billion in fiscal 2003. The United States is Siemens’ largest single market in the world, with 11 of Siemens’ worldwide businesses headquartered here and annual sales of $16.6 billion in fiscal 2003.
The Siemens Financial Services team is comprised of highly seasoned financial services professionals. Being a part of Siemens gives us the extensive diversity and experience that enables us to offer our clients the highest level of creativity, flexibility, and responsiveness. We offer a comprehensive suite of solutions designed to help companies meet their financial challenges and objectives. Our services include:
• Trade Payable Financing
• Asset Based Lending
• Capital Markets
• Equipment Financing
• Receivables Acquisition
• Vendor Financing
-------------------------------------------------------------------------------------------------------------------------------
The Reserve Funds
Silver Level Sponsor
The Reserve Funds, innovators in cash management for over 30 years, provides a complete line of products, services and solutions designed to meet the liquidity and diversification needs of the CFOs and corporate treasurers of America’s leading corporations. Reserve Management Co., Inc., the adviser to Reserve, oversees approximately $25 billion, serving roughly 25% of Fortune 500 ™ companies and Global 100 ™ companies, as well as nearly 2 million individual investors.
The Reserve Primary Fund – Class 8 again achieved iMoneyNet’s #1 ranking, maintaining its position as the Top Performing Triple “A” Rated Prime Money Fund for the second consecutive year*. The Primary Fund – Class 8 delivered the highest 12-month net total return (1.15%) in a universe of 151 triple “A” rated prime money funds for 2003, based on compound total return**.
Reserve identifies effective strategies that make sense for the growth of our clients’ businesses because, regardless of the interest rate environment, corporations need effective, timely solutions for cash management.
Reserve offers 17 money funds with multiple share classes structured to serve all clients, from the multi-million dollar institution to the individual investor. At the close of 2003, Reserve ranked 15th among the 25 largest rated money fund complexes, based on assets under management, according to iMoneyNet’s Rated Money Fund Report™†.
Reserve supplements its service to clients with a variety of top-tier solutions and resources. The added value that we deliver has solidified the firm’s standing as a premier financial services firm. Reserve will continue to identify new opportunities to help our corporate CFO and treasurer clients. Our objective is to provide meaningful solutions that will help clients achieve their financial goals.
*Money Fund Report, January 30, 2004.
**Money Fund Report™, January 30, 2004. iMoneyNet’s universe includes unrestricted funds with monthly net assets of at least $100 million from January 1, 2003 to December 31, 2003. Criteria based on compound total return among 151 triple ?A? rated prime (taxable, non-government) money-market funds and 180 triple "A" rated prime money-market funds from January 1, 2002 to December 31, 2002. "iMoneyNet’s Rated Money Fund Report, Vol. 10, No. 2, February 2004. Rankings are based on the asset growth of a universe of 73 money-market fund complexes with money funds publicly rated by S&P, Moody’s and/or Fitch.
