Best Practices in Restricted & Emerging Markets
Date: Wednesday, June 8, 2022
Time: 2:00 p.m. ET | 11:00 a.m. PT
Credits: Pending Approval for up to 1.2 CTP/FP&A recertification credits by the Association for Financial Professionals.
[Also available for free, on-demand viewing for all registrants starting on 6/9/2022]
Managing a global business is always complex, but operating in restricted or emerging markets ups the ante — and the level of challenge. Successful multinationals are those that cultivate streamlined processes, particularly around cash management, foreign exchange (FX), and payments. The winners of this year’s Alexander Hamilton Awards in the Best Practices in Restricted/Emerging Markets category all undertook major projects that transformed how they do business in certain restricted economies.
Join this webcast to explore the process and technology improvements these three organizations implemented, and the benefits they achieved by doing so. Each winning company will present its winning initiative, with a focus on what made the project innovative, as well as any lessons the presenters learned over the course of the initiative. You will:
- Celebrate Coupang and IFAW as winners of the 2022 Alexander Hamilton Awards in the Best Practices in Restricted/Emerging Markets category.
- Understand how these three companies navigated regulatory, legal, and market complexities to build efficient and effective global treasury management processes.
- Learn strategies for successfully expanding your business into restricted or emerging markets.
The International Fund for Animal Welfare (IFAW) operates across approximately 20 countries, including areas of Africa, Asia, and South America. Due to national differences in payment standards, settlement systems, and compliance requirements, the company’s collections, disbursements, and liquidity needs are complex. When IFAW replaced a legacy treasury management system, it deployed a technology solution and customized communications so that its three-person treasury staff could continue supporting the dispersed and growing organization, while providing much better visibility into cash flows and liquidity for stakeholders throughout the company.
The mix of banking and payment technologies at South Korea-based digital marketplace Coupang created unnecessary complexity around both domestic and cross-border payments. The company rolled out a global transaction banking platform that streamlined processes, and it customized the platform to meet its unique needs around payments into markets with tight FX restrictions. As a result, Coupang has accelerated the payment cycle, reduced staff time spent managing payments and FX, and increased visibility into corporate cash flows.
REGISTER NOW! (Not able to attend? We recommend you STILL REGISTER – you will receive an email with how to access the recording of the event)
John Kluza | Group Treasurer | International Fund for Animal Welfare (IFAW)
Eddie Hong | Group Treasurer | Coupang
Jon Paquette | VP client solutions | TIS