Liquidity management: winners share their survival strategies for 2020

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Overview

Dated: Wednesday, June 2, 2021

Time: 4 p.m. ET | 1 p.m. PT

Cost: Free

Credits: Approved up to 1.2 FP&A and/or Association for Financial Professionals CTP recertification credits

Sponsored by:

Money may still be king, but in 2020 he was also emperor, tsar and dictator. For businesses of all sizes, in almost every industry, careful management of cash flow was the only way to stay afloat. Some companies have responded to declining revenues and tightening credit markets by simply cutting costs where possible. Others have improved the visibility and understanding of the company’s cash flow. The resulting information was critical to survival in 2020, but it has also positioned these companies for a competitive advantage as the economy recovers.

The three winners of Alexander Hamilton Award 2021 in liquidity management demonstrate the long-term benefits of significantly improving cash flow management and forecasting.

  • Australian property management company Charter room had over $ 5 billion in unused cash and credit facilities, but managing these funds required a lot of manual effort. The company implemented a scalable and highly automated transactional banking structure, augmented a cash pooling arrangement, and developed real-time cash flow analysis and forecasting processes.
  • When the resort industry shut down in March 2020, visibility into cash position and forecasting future cash needs were vital to the survival of this industry. Holiday Inn Club Vacations deployed a software solution that automates cash positioning, forecasting, and transaction reconciliations, and began using virtual accounts to streamline cash management.
  • Even if Microsoft deploys cutting-edge technologies in many areas of treasury, it used an inefficient, over 20-year-old tool to manage a portfolio of business-to-business loans valued at over $ 50 billion. The treasury management team worked with many other groups at Microsoft to develop a cloud-based tool that improves visibility, automates workflows, and strengthens user access controls to B2B loan information.

Join this Cash flow and risk webcast as the treasury leaders of each of these organizations discuss how they have developed their successful projects and describe the lessons learned.

REGISTER NOW! (Can’t attend? We ALWAYS recommend that you SUBSCRIBE – you will receive an email with how to access the event registration)

Featured Speakers:

Ian Ko | Cash Manager | Charter room

Ashley Pater | Product manager | Treasury

Sacha De Gracia | Director of Finance | Cash Services, Holiday Inn Club Vacations



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