Innovative Strategies to Improve Treasury Operations through Technology
Date: Wednesday, September 14, 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 9/15/2022]
As corporate treasury teams continuously face pressure to do more with less, technology has become key to success. This year’s Alexander Hamilton Awards in the category Technology Excellence recognize three organizations that faced very different challenges in their treasury technology environments. What they have in common is that they tackled their unique challenges head-on, introducing technology solutions that streamlined treasury operations and improved visibility into organizational cash flows.
Join this webcast to explore how all three organizations built or found the right solution(s), then deployed those systems and integrated them with internal and external technologies to provide the functionality the organizations required. Discover each company’s initiative, what made the project innovative, and any lessons the presenters learned over the course of the initiative. You will:
- Celebrate Toyota Financial Services, SANDAG, and Kinross Gold as winners of the 2022 Alexander Hamilton Awards in the Technology Excellence category.
- Understand how these companies leveraged diverse technologies to solve their unique and specific treasury challenges.
- Learn innovative strategies for improving treasury operations utilizing available technologies.
When Covid-19 hit, Toyota Financial Services discovered that processes which were highly efficient and effective in an in-person work environment required a revamp for the new work-from-home reality. The treasury function led a company wide effort to digitize and automate manual processes. Among other improvements, they developed API-based bank connectivity, built an in-house solution to automate daily collateral servicing processes, and deployed a treasury data platform to support self-service analytics and reporting.
San Diego Association of Governments (SANDAG) is an intergovernmental agency that serves as the forum for regional decision-making in the San Diego area. SANDAG does not have any dedicated treasury staff, but the 19 local governments that are members needed better visibility into the agency’s cash position. Following an internal audit of financial processes, SANDAG deployed an AI-driven investment portal and built out an investment reporting system that helps future-proof its treasury needs.
When Kinross Gold Corporation needed a new treasury management system, cash management was crucial—but so were commodity risk management and hedge accounting capabilities. To achieve the best results in all three areas, the company deployed both a treasury management system and a hedge accounting solution, then tightly integrated the two to achieve automation throughout its treasury processes.
Irvin Lee | National Manager, Treasury Data and Automation | Toyota Financial Services
Sylvia Baharet | National Manager, Balance Sheet Strategy | Toyota Financial Services
Andre Douzdjian | CFO | San Diego Association of Governments (SANDAG)
Pending Approval for up to 1.2 CTP and/or FP&A recertification credits by the Association for Financial Professionals at the rate of one credit for each 50 minutes of attendance.