Treasury Best Practices: Improving Global Cash Visibility
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Transcript of Treasury Best Practices: Improving Global Cash Visibility
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Jacob Nygren - Principal, Treasury Strategies
Greg Person - Vice President, Global Presales, Kyriba
Improving Global Cash Visibility – March 10th, 2016
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© 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. 2
Today’s Presenters
Jacob Nygren CTPPrincipal, Treasury [email protected]
Greg Person CTPVice President, Global Presales, [email protected]
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© 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. 3
Importance of global cash visibility
Global considerations
Strategic approach to achieving cash visibility
Benefits
Q&A
Agenda - Improving Global Cash Visibility
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Importance of Visibility
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‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.
Importance of Visibility
Visibility is an enabler
Opportunity to make informed, effective decisions Borrowing and re-financing
Investing/cash optimization
Cash flow forecasting/variance analysis
Risk management/hedging
Visibility is more than just bank account balances
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Global Considerations for Visibility
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Do I understand my current liquidity structure… globally?
Global bank balance visibility
Corporate and local debt obligations (including i/c)
Available local credit lines
Local business and cash flows
Insight to future liquidity demands
– Forecasting objectives and process
– Seat during the planning process
– Internal alignment and buy-in
Comprehensive Global Visibility
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‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.
What’s my liquidity position today?
1) Connect to all of my banks via:– Banking partner
– SWIFT (MT concentrator or service bureau)
–Direct connections to banks
– Country protocols (e.g. EBICS, Zengin)
– Treasury Management System
Tip: usually a combination is best
Global Visibility Considerations – Bank Connectivity
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‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.
What’s my liquidity forecast tomorrow, next week / month?
2) Develop liquidity forecast:
– Identify the right people (e.g. regional controllers)
–Determine the right sources (e.g. ERP, credit lines, working capital analysis)
–Understand your company’s business objectives
– Implement the right technology to consolidate & provide feedback (e.g. TMS)
Global Visibility Considerations – Liquidity Forecast
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‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.
How efficient is my liquidity structure?
3) Analyze effectiveness
–Do I have too few or too many banks?
–Do I have too few or too many bank accounts?
– Am I able to mobilize cash efficiently?
– Am I educated on regional tax implications and local regulations?
– Is my forecast accurate? If not, why?
Global Visibility Considerations – Process Efficiency
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Strategic implications of Cash Visibility
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‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.
Cash visibility is a top strategic challenge
Global Visibility
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‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.
Challenges in getting global visibility
– Inefficient bank account structure
– Lack of streamlined technology
– Limited support from banking partners
Global Visibility
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‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.
Overcoming Challenges
– Review and streamline your bank account structure
– Deploy an efficient technology infrastructure
– Leverage partners and relationships
Global Visibility
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‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.
More effective cash management
Better forecasting
Greater control
More intelligent decision making
Elevation of Treasury
Benefits of Global Visibility
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‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.
Establish a vision
Review existing practices / structures
Explore technology
Build a business case
Getting Started
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© 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. 17
Additional Resources
Best Practice Guide on Achieving Maximum Cash VisibilityGet Guide: http://kyri.ba/MaxCashVisibility
Further Reading:“Why cash visibility is critical – and not just if you’re cash-strapped”
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Thanks for attending
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