final program - Windy City Summit

Transcription

29th
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ual
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29TH ANNUAL
WINDY CITY SUMMIT
®
NAVY PIER CONVENTION CENTER · CHICAGO, ILLINOIS
EXPAND YOUR KNOWLEDGE. BUILD RELATIONSHIPS. GROW YOUR BUSINESS
FINAL
PROGRAM
MAY 20-22, 2015
Presented by the Treasury
Management Association of Chicago®
*”Windy City Summit”, “TMAC”, “Treasury Management Association
of Chicago”, and the TMAC Logo are all registered trade or service
marks of the Treasury Management Association of Chicago.
Expand your connections on these social media sites!
Facebook - TMAC Windy City Summit
Twitter - @WindyCitySummit
LinkedIn - Windy City Summit
For more information and to register visit
www.windycitysummit.org
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Put Cyberfraud on Lockdown
In 2014 alone, 62 percent of companies were impacted
by payment fraud. But that doesn’t have to happen
to your company. Get proactive about cybersecurity,
and visit our Fraud Resource Center to find out
how to identify fraud and protect your business.
jpmorgan.com/cb/fraud-prevention
Commercial Banking Treasury Services
for accessing ideas
that help drive
better business
performance.
Proactive Ideas
for the achiever in you®
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optimize your company’s performance in today’s dynamic business climate. For those ready to build a relationship
m_j^WXWdaj^WjfheWYj_l[bofhel_Z[i_Z[Wi"_jÂij_c[jej^_daFD9$ For more information, visit pnc.com/ideas
or email [email protected]
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PNC and “for the achiever in you” are registered marks of The PNC Financial Services Group, Inc. (“PNC”). Banking products and services offered by PNC Bank, National Association,
a wholly owned subsidiary of PNC and Member FDIC. Products and services may also be offered by or conducted through other subsidiaries of PNC.
©2015 The PNC Financial Services Group, Inc. All rights reserved. Investment banking and capital markets activities are conducted by PNC through its subsidiaries PNC Bank, National
Association, PNC Capital Markets LLC, and Harris Williams LLC. Merger and acquisition advisory and related services are provided by Harris Williams LLC. PNC Capital Markets LLC
and Harris Williams LLC are registered broker-dealers and members of FINRA and SIPC.
CIB CM PDF 0315-075-189881
message received
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Deliver fast mobile payments
that make your customers happy
and your A/P team ecstatic.
baml.com/digitaldisbursement
“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are
performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed
globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch
Professional Clearing Corp., both of which are registered broker-dealers and members of SIPC, and, in other jurisdictions, by locally registered entities. Merrill Lynch, Pierce, Fenner & Smith Incorporated and
Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are
Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed. THE POWER OF GLOBAL CONNECTIONS is a trademark of Bank of America Corporation, registered in the U.S. Patent and Trademark Office.
©2015 Bank of America Corporation
01-15-8128.A
29th
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Table of Contents
Welcome Letter
5
TMAC Board of Directors/2015 Windy City Summit Committee
5
General Information
7
Social Networking Activity & Tours
9
Educational Session Information
11
Conference Agenda
13
Conference Schedule at a Glance
14-16
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Session Descriptions
Tuesday
17
Wednesday
17-29
Thursday
29-45
Friday
45-51
Mobile App
52
Exhibit Hall Floor Plan
54
Premier Sponsor Information
56-58
Exhibitor Information
59-62
Notes
63-64
2015 WINDY CITY SUMMIT PREMIER SPONSORS
We would like to thank our premier sponsors for their support.
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*“WINDY CITY SUMMIT”, “TMAC”, “TREASURY MANAGEMENT ASSOCIATION OF CHICAGO”, AND THE TMAC LOGO ARE ALL REGISTERED TRADE OR SERVICE MARKS OF THE TREASURY MANAGEMENT ASSOCIATION OF CHICAGO.
3
30th
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Mark Your Calendar for the
30TH ANNUAL WINDY CITY SUMMIT at the
NAVY PIER CONVENTION CENTER
May 25–27, 2016
Host Hotel: Sheraton Hotel & Towers Chicago
Venue Location: Navy Pier Convention Center
For the latest information, please visit
www.windycitysummit.org
The Call for Presentations will open on Monday, August 10, 2015
and close on December 11, 2015.
Registration will open on Monday, December 14, 2015.
For information on exhibiting or sponsoring please call 262-835-6756.
29th
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Welcome to the 29th Annual Windy City Summit
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nn
On behalf of the Treasury Management Association of Chicago and Windy City Summit organizers, we would like
to welcome you to the 29th Annual Windy City Summit. We are thrilled to be returning to the Navy Pier Convention
Center this year and hope you enjoy the venue and the outstanding meeting we have planned. Our theme this year
is Expand Your Knowledge, Build Relationships, Grow Your Business.
To Expand Your Knowledge, you will learn from our 132 educational opportunities, more than any other treasury conference, while earning credits to renew your CTP/CCM, AAP and CPE credentials.
To aid you to Build Relationships, this year’s Windy City Summit offers you the opportunity to network with more than
1,300 treasury, cash management and financial professionals from across the country. You can make new
connections with your colleagues and convey your needs to our more than 80 exhibitors.
At this year’s conference you will be given the tools, technologies, ideas and strategies you need to improve and Grow
Your Business and to ensure your personal success.
This year, the Windy City Summit is pleased to welcome three distinguished speakers to our program. Keynote
Speaker, Mellody Hobson, President of Ariel Investments will certainly expand your knowledge! Additionally,
we welcome Dan Harris, best-selling author and anchor of Nightline and GMA Weekend Edition, and Pat McGann,
Comedian and Chicago radio personality
This meeting would not be possible without our dedicated sponsors and exhibitors who support the Windy City
Summit each year. I encourage you to make time to network and connect with these industry leading companies
on the exhibit floor. Additionally, I would like to thank our TMAC Windy City Summit Co-Chairs, Kim Drennan
and Angelyn Pennington, for their time and efforts to make this the outstanding conference it is.
I look forward to seeing you all throughout the conference and hope you will make the most of this opportunity
to expand your knowledge, build relationships and grow your business! Please mark your calendars to join us
for the 30th Annual Windy City Summit May 25-27, 2016.
Julie Qualiato,
President
Treasury Management Association of Chicago (TMAC)
2014 – 2015 TMAC BOARD OF DIRECTORS
President:
Vice-President:
Treasurer:
Secretary:
President Emeritus:
Academic Relations Chair:
Meeting Site Co- Chairs:
Membership Chair:
Policy Chair:
Program Co-Chairs:
Website Chair:
Julie Qualiato, Health Care Service Corporation
Tricia Kelly, McDonald’s Corporation
Nitixa Patel, Tenneco Inc.
Cathy McGarry, Cadence Health
Gary Silha, Tenneco Inc.
Susan Donatello, Donlen Corporation
Sunil Patel, CareerBuilder, LLC
Mandy Campbell, Mead Johnson Nutrition
Kevin Sheehan, CareerBuilder, LLC
Robert D. Gosma, RR Donnelley and Sons
Mike Quoss, Profile Products
Kris Tobin, Magnaflux
Joe Locatelli, Walgreens
2015 WINDY CITY SUMMIT COMMITTEE
Windy City Summit Co-Chairs:
Program Chair:
Program Committee:
Social Media Chair:
Marketing Chair/Facilitator Coordinator:
Kim Drennan, BP GBS Americas
Angelyn Pennington, Guggenheim Partners, LLC
Gary Haman, Easter Seals
Mike Quoss, Profile Products
Kris Tobin, Magnaflux
Tom Digan, Bowsprit Financial Corp.
Kas Henry, Chicago Teachers Pension Fund
Maria Preston, BP – Global Business Services
Jeremy Simon, Hyatt Corporation
Michael Thorsen, Reliance Steel & Aluminum
Dan Carmody, TreaSolution, Inc.
Norman Goldstein, Gold International, Inc.
5
GLOBAL PAYMENTS AND FOREIGN
EXCHANGE SERVICES IN MORE
THAN 175 COUNTRIES
Mention this ad at Booth #317 for your chance to win
$100 trillion Zimbabwean Dollars!
NAKED GLOBAL PAYMENTS
May 21st 9:30am-10:20am (INTL)
à Direct Access to Local Currency
à No Transaction or Wire Fees
CONTACT US
Greg Leven - INTL FCStone Inc.
Vice President Global Payments
+1 (816) 410-3286 | [email protected]
à Cost-efúcient and ComSetitive rates
à 24-hour Client Service and SuSSort
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29th
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General Information
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Registration
Meeting Rooms
SPONSORED BY HSBC
All educational sessions are held at the Navy Pier Convention Center in the
200 and 300 series meeting rooms. Please be sure to bring a light sweater
or jacket as meeting room temperature may fluctuate.
Participation in the 29th Annual Windy City Summit is limited to registered
attendees. An official name badge is required for admittance to all sessions,
social activities and the Exhibit Hall. Registration will take place inTerrace B at
the Navy Pier Convention Center. Times are as follows:
Tuesday, May 19, 2015
Wednesday, May 20, 2015
Thursday, May 21, 2015
Friday, May 22, 2015
Exhibitor Registration 8:00 A.M. – 6:00 P.M.
Attendee and Speaker Registration 1:00 P.M. – 6:00 P.M.
7:00 A.M. – 6:00 P.M.
7:00 A.M. – 5:00 P.M.
7:00 A.M. – 12:00 P.M.
Smoking Areas
Smoking is not permitted inside the Navy Pier Convention Center. Smoking is
permitted outside in designated smoking areas. Your cooperation is appreciated.
Speaker Ready Room
The Speaker Ready Room is located in Room 207 at the Navy Pier
Convention Center.
Name Badge
Cameras
Registered attendees and exhibitors are required to pick-up their name
badge on-site at the Registration Area located in Terrace B at the Navy Pier
Convention Center. A name badge must be worn at all times. This is how event
management, other attendees and exhibitors are able to identify your affiliation
with the Windy City Summit.
Cameras are not permitted in the Exhibit Hall unless approval has been
granted by the Windy City Summit Committee.
Badge Sharing
The practice of “badge sharing” is prohibited at all conference events.
If representatives of the conference suspect that badge sharing is taking
place, you will be asked to present a picture ID to match your name badge.
If you are caught badge sharing, you will lose your badge and your ability
to participate in the conference.
Dress Code
Dress for the entire conference, including all activities at the Windy City
Summit, is business casual. Chicago temperatures in May are typically in the
high 60’s during the day and the low 50’s in the evening.
Trolley Service
Trolley Service is available from the Sheraton Chicago Hotel & Towers with
continuous loop service to the Navy Pier Convention Center, Entrance 2.
Please allow time for transferring between locations. Trolley service hours are:
8:00 A.M. – 6:20 P.M. (last trolley leaves at 6:20 P.M.)
Cell Phone Charging Station
SPONSORED BY PNC BANK
PNC will provide cell phone charging stations compatible with 95% of cell
phones, PDAs and mp3s. The charging kiosk is located on the Exhibit Floor
in the PNC exhibit booth #300.
Relaxation Station
SPONSORED BY FIRST NATIONAL BANK
Relax and unwind at the relaxation station located on the Exhibit Floor in the
First National Bank exhibit at Booth # 413.
NEW! Mobile App
SPONSORED BY FIFTH THIRD BANK
Stay connected during the conference with the all new Windy City Summit
Mobile App. The app is available on iPhones, iPads or Android devices and can
be dowloaded on iTunes or the Google Play Store by searching “Windy City
Summit”. This mobile app is password protected and available to registered
attendees of the Windy City Summit only. Please use the Username: WCS
and the Password: 2015WCS to access updated schedules, handouts and
network with colleagues.
Solicitations
Sales and promotional activities are restricted to exhibitors and must take
place in their own exhibit booth.
Evaluation Forms
Session evaluation forms will be distributed at the end of each breakout
session. Please complete these forms and turn them in to the session
facilitator at the end of each session. You will receive an electronic overall
evaluation survey after the conference. Please take a few moments to fill out
the form. The Windy City Summit Committees need your input to make
next year’s conference even better.
Parking
If you choose to self-park/valet your vehicle at the Sheraton Chicago Hotel
& Towers, rates are as follows:
12-24 Hours (Self Park) - $51
12- 24 Hours (Valet) - $61
0-1 Hour - $25
1-2 Hours - $27
2-6 Hours - $34
6-12 Hours - $37
Parking is also available near the Sheraton Hotel & Towers at the Ogden
Plaza Self Park and the City Front Garage. Visit the registration desk for
information on additional parking options.
If you choose to park your vehicle at Navy Pier Convention Center use the
access road on the north side of the building and proceed to the East Parking
Garage. There will be Windy City Summit specific signage to get you there.
The daily parking fee is $22 Monday – Thursday and $25 Friday – Sunday.
Prices are subject to change.
Exhibits
The 29th Annual Windy City Summit is highlighted by an exposition that
features displays by leading suppliers and vendors. Exhibit booths are staffed
by experienced industry professionals with the latest financial products and
services. A complete directory of exhibiting and sponsoring companies appears
in the back of this program. We encourage attendees to take advantage of
opportunities to speak with and learn from all the conference exhibitors.
Exhibit Hours
Festival Hall B at Navy Pier Convention Center
8:00 A.M. – 6:00 P.M. Exhibitor Registration and Set-Up
Wednesday, May 20, 2015 9:30 A.M. – 12:00 P.M.
1:45 P.M. – 5:45 P.M.
7:30 A.M. – 12:10 P.M.
2:00 P.M. – 4:50 P.M.
7:30 A.M. – 12:00 P.M.
7
EXPERIENCE
the transformation
Take advantage of our customized
Working Capital DNA® Analysis
At U.S. Bank, our unique Working Capital DNA engagement
provides a platform to quickly identify hidden opportunities in
your payables and receivables for increased process automation,
efficiency and productivity benefits.
/ "&,%.!)
/ &&"+ &%$%
/ "$!(%!$%& !)%&&&!*"$ &&$ %!$&! Visit us at Booth #315 to learn more.
usbank.com
Working Capital DNA is a registered trademark of U.S. Bank National Association. Products and services offered
may be subject to credit approval. Eligibility requirements, other conditions and fees may apply. Deposit product
offers by U.S. Bank National Association. Member FDIC. ©2015 U.S. Bank. MMWR 63437. 7589 (3/15)
29th
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Social Networking Activity & Tours
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Social Media Networking Event
6:00 P.M. – 7:00 P.M.
Sheraton Chicago Hotel & Towers, ChiBar (lobby level)
Do you use “TTYL” when texting, Facebooking and Tweeting? Well now you don’t have to tell your friends “talk to you later,” you
can connect with them onsite and in-person at this Social Media Networking Event. Stop by and meet new treasury and finance
professionals from across the country and start networking through Facebook, LinkedIn and Twitter. No need to register for this
event, just stop by the Sheraton Chicago Hotel & Towers Lobby Bar, ChiBar, and connect instantly for a little social networking!
Tours
Join us on a tour of the Chicago Federal Reserve Money Museum. During the tour you will enjoy a presentation about the functions
and responsibilities of the Federal Reserve’s System, learn about the Money Museum’s historical currency collection and even take
home a souvenir! No additional fee will be charged for the tours and transportation is provided. Registration is required and will be
assigned on a first-come, first served basis via the online registration process. Space is limited.
Money Museum Tour #1
9:00 A.M. – 10:00 A.M.
Bus departs at 8:00 A.M. from Navy Pier Convention Center,
Entrance 2
9:00 A.M. – 10:00 A.M.
Bus departs at 8:30 A.M. from Navy Pier Convention Center,
Entrance 2
CHICAGO’S BANK
PROVIDES SOLUTIONS
For more than twenty years, Wintrust Community Banks have
focused on providing the best service to our customers, as well
as the communities we serve throughout the Chicago area,
Northwest Indiana, and Southern Wisconsin.
It is with this focus that Wintrust Commercial Banking
provides robust treasury management solutions and
commercial lending options. Stop by booth 207 to learn more
about your local banking options.
Navigate to wintrust.com/findus to find the closest Wintrust Commercial or Community
Bank. For any inquiries, please contact Linda Bishop, CTP at [email protected].
Banking products provided by Wintrust Financial Corp. banks.
9
HOW CAN SOMEONE HAVE
ALL YOUR ANSWERS BEFORE
THEY ASK ANY QUESTIONS?
Clairvoyance isn’t one of our skills.
But curiosity is.
It’s what leads us to listen to you.
To think about what you’re telling us.
And then ask thoughtful questions.
It’s the only way to crack the puzzle.
Because the answers don’t just jump out.
You have to dig. Subordinated debentures,
equity infusions and other solutions are
all well and good, but when is the right
time to use them?
And why?
Shouldn’t your bank want to find out?
We do.
Learn more at 53.com/Commercial
We’re Fifth Third Bank.
The curious bank.®
Deposit and credit products provided through Fifth Third Bank. Member FDIC.
Lending is subject to credit review and approval.
Equal Housing Lender.
29th
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Educational Session Information
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Recertification Credits
Fraud and Compliance (FC) Presents current threats within treasury
systems while addressing compliance with regulatory requirements.
CTP/CCM/FP&A Validation – 14.7 Credits Approved
The Windy City Summit is approved for up to 14.7 CTP/CCM
and FP&A recertification credits by the Association for Financial
Professionals. Registrants interested in obtaining these credits
should complete the Confirmation of Attendance, which was
distributed via e-mail, and follow the submission requirements
found on the AFP’s website.
SPONSORED BY MB FINANCIAL BANK
CPE Validation
Registrants interested in obtaining CPE credits should complete the
Confirmation of Attendance, which was distributed via e-mail and
mail it to:
Windy City Summit
P.O. Box 65
Caledonia, WI 53108
EMAIL: [email protected]
Be sure to keep a copy of the form for your records.
The Treasury Management Association of Chicago is a CPE sponsor
under the State of Illinois Department of Professional Regulation. The
State of Illinois Board of Public Accountancy has final authority on the
acceptance of individual sessions.
Educational Session Tracks
The following session track descriptions and abbreviations serve as a
reference within the conference sessions grid.
Insurance & Risk Management (IRM) Provides the latest review
of business risk, insurance, foreign currency and interest rate
risk management.
International Treasury Management (INTL) Provides an understanding
of international operation realities. Tackles risk solutions, price
changes, payments, cash management, and trade in global financial
management.
SPONSORED BY WELLS FARGO
Investments (INV) Provides the latest information for maximizing
yields and portfolio returns, and setting short-term and long-term
investment goals.
Liquidity Management (LM) Encompasses tips and techniques for
budgeting, cash forecasting and maintaining adequate funding for
your operations.
SPONSORED BY U.S. BANK
Professional Development (PD) Strategies to keep your career
on track and continue to enhance your marketability.
Relationship Management (RM) Explore the relationships between
financial institutions, vendors and within corporate organizations,
including the evaluation, selection, negotiation and ongoing review
process.
SPONSORED BY CHASE
Advanced (ADV) Detailed sessions on topics of significant interest to
senior level treasury management and finance executives.
SPONSORED BY
BMO HARRIS BANK
Banking (BANK) Addresses the corporate banking issues and
opportunities faced by treasury managers.
Banker Topics (BT) Designed for bankers and financial service providers.
Card Payments (CP) Learn cost-effective and efficient ways to
disburse funds, improve money management, flexibility and control
funds usage and tracking through pay card programs.
SPONSORED BY BANK OF AMERICA
MERRILL LYNCH
Transaction Processing (TP) Reviews the latest trends, best practices,
and integration options to achieve seamless transaction processing.
SPONSORED BY
CITIZENS COMMERCIAL BANKING
Treasury Management Essentials (TME) Explores a wide variety of
global treasury situations and solutions.
SPONSORED BY WINTRUST
COMMERCIAL BANKING
Working Capital Management (WCM) Encompasses the latest trends
and best practices to drive efficiency and maximize your working
capital.
Corporate Finance (CF) Discusses short-term and long-term financial
management issues including borrowing strategies and vehicles,
financial planning and analysis, and capital structure.
SPONSORED BY
FIRST NATIONAL BANK
CTP Preparation (CTP) Preparation for the upcoming CTP exam.
11
See us at booth 419.
MB Financial Bank
Commercial and Business Banking
Member FDIC
. Capital Markets . Wealth Management . Personal Banking
29th
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Conference Agenda
8:00 A.M. - 6:00 P.M.
8:00 A.M. - 6:00 P.M.
1:00 P.M. - 6:00 P.M.
5:00 P.M. - 6:30 P.M.
Exhibitor Registration
(Terrace B, Navy Pier Convention Center)
Sponsored by HSBC
Exhibitor Set Up
Sponsored by HSBC
Attendee and Speaker Registration
Sponsored by HSBC
First-Timers Welcome Reception,
(Presidential Suite #3201, Sheraton Chicago
Hotel & Towers), Sponsored by Capital One Bank
7:00 A.M. - 5:00 P.M.
7:30 A.M. - 12:10 P.M. &
2:00 P.M. - 4:50 P.M.
8:30 A.M. - 4:50 P.M.
7:30 A.M. - 8:30 A.M.
8:30 A.M. - 9:20 A.M.
9:00 A.M. – 10:00 A.M.
9:00 A.M. – 10:00 A.M.
7:00 A.M. - 6:00 P.M.
9:30 A.M. - 12:00 P.M. &
1:45 P.M. - 5:45 P.M.
10:10 A.M. - 4:40 P.M.
7:30 A.M. – 8:30 A.M.
8:30 A.M. - 9:30 A.M.
9:30 A.M. - 10:05 A.M.
10:10 A.M. - 11:00 A.M.
11:10 A.M. - 12:00 P.M.
12:00 P.M. - 1:45 P.M.
2:00 P.M. - 2:50 P.M .
Registration
(Terrace B, Navy Pier Convention Center),
Sponsored by HSBC
Exhibits
(Festival Hall B, Navy Pier Convention Center)
Concurrent Sessions
Continental Breakfast in Lakeview Terrace
(near Navy Pier Grand Ballroom),
Sponsored by MB Financial Bank
Opening Keynote Speaker Mellody Hobson
in Navy Pier Grand Ballroom, Sponsored by
Bank of America Merrill Lynch
Refreshment Break in Festival Hall B
(Exhibit Floor), Sponsored by BMO Harris Bank
Session 1
Session 2
Luncheon with Featured Speaker
Dan Harris in Navy Pier Grand Ballroom,
Sponsored by PNC Bank
Session 3
9:30 A.M. – 10:20 A.M.
10:20 A.M. – 11:10 A.M.
11:10 A.M. - 12:00 P.M.
12:10 P.M. - 2:00 P.M.
2:10 P.M. - 3:00 P.M.
3:00 P.M. - 4:00 P.M.
4:00 P.M. - 4:50 P.M.
3:50 P.M. - 4:40 P.M.
4:45 P.M. - 5:45 P.M.
6:00 P.M. - 7:00 P.M.
(Exhibit Floor), Sponsored by Chase
Session 4
Opening Reception in Festival Hall B
(Exhibit Floor), Sponsored by Ariba,
an SAP Company and DBS Bank Ltd.
Social Media Networking Event,
Sheraton Chicago Hotel & Towers ChiBar (lobby level)
Registration (Terrace B, Navy Pier
Convention Center), Sponsored by HSBC
Exhibits
Concurrent Sessions
Continental Breakfast in Festival Hall B
(Exhibit Floor), Sponsored by BNY Mellon
Session 5
Money Museum Tour #1, Chicago Federal
Reserve Bus departs at 8:00 a.m. from
Entrance 2 of Navy Pier ADVANCE
REGISTRATION REQUIRED
Money Museum Tour #2, Chicago Federal
Reserve Bus departs at 8:30 a.m. from
Entrance 2 of Navy Pier ADVANCE
REGISTRATION REQUIRED
Session 6
(Exhibit Floor), Sponsored by
Associated Bank
Session 7
Luncheon Speaker Pat McGann and
TMAC Academic Relations Program in
Navy Pier Grand Ballroom
Sponsored by BMO Harris Bank
Session 8
(Exhibit Floor), Sponsored by
Wintrust Commercial Banking
Session 9
7:00 A.M. - 12:00 P.M.
7:30 A.M. - 12:00 P.M.
3:00 P.M. - 3:50 P.M.
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8:30 A.M. - 12:00 P.M.
7:30 A.M. - 8:30 A.M.
8:30 A.M. – 9:20 A.M.
9:30 A.M. - 10:20 A.M.
10:20 A.M. – 11:10 A.M.
11:10 A.M. - 12:00 P.M.
12:00 P.M.
Registration (Terrace B, Navy Pier
Convention Center), Sponsored by HSBC
Exhibits
Concurrent Sessions
Continental Breakfast in Festival Hall B
(Exhibit Floor), Sponsored by Treasury
Management Association of Chicago
Session 10
Session 11
(Exhibit Floor), Sponsored by BB&T
Session 12
2015 Windy City Summit Adjourns
13
ADV
Advanced
BT
CF
Card Payments
CTP Preparation
FC
INTL
Fraud and Compliance
Int’l Treasury Management
INV
IRM
Investments
Insurance & Risk Mgmt.
PD
LM
Liquidity Management
Professional Development
RM
TME
Relationship Management
Treasury Management Essentials
CP
FC
Durbin/Bank of
Hill & Davidson/
America Merrill Lynch & MB Financial Bank
McClendon/
United Stationers
Walker & Sheehan/
Chase Paymentech
FC
CTP
Masson/
The Treasury Academy
This is not an AFP
credit approved session
CTP Review: Banks,
Payment Systems
and Relationship
Management
Connelly/
The RWC Group
Non-Bank Payment
Systems Revolution
LM
Masson/
This is not an AFP
INV
Grooms & Briles/
Wintrust Commercial Banking/
Eagan /Hinsdale Township
High School District 86 &
Lauber/LauberCFOs, Inc.
TP
WCM
Transaction Processing
Working Capital Management
CF
INTL
CF
Sanders/
SunGard Capital Markets
Finance as a
Strategic Enabler;
Turning Data into
Insight – SunGard
Survey Results
Dupree/Federal Reserve
Bank of Atlanta & Thorness/
Forte Payment Systems
TME
Sheraton Chicago Hotel & Towers - Lobby Bar - ChiBar
IRM
TME
Blacher/Wells Fargo &
Christiansen/NES Rentals
Koch/Hedge Trackers
Trudell/UMB Bank
Newman/
DeMarche Associates
Raissi & Kapur/
Moody’s Analytics
INV
Manley/Citizens
Commercial Banking
Forman/
Ernst & Young LLP
INTL
Ai/PNC Bank & Straw/
Regal Beloit
INTL
Convenience vs Risk: Revolutionize Your
What Technology
B2B Receivables
Allows Us To Do
and the Information
We Give Up To Use It
TP
Melzark/Wells Fargo
& Pilgrim/Liberty
Diversified International
Impostor Fraud: Do
You Know Whom
You're Paying?
INTL
Anthony/Wells Fargo,
Tavares/Blistex &
Christiansen/NES Rentals
A Holistic Approach
to Counterparty
Credit Risk
Management
IRM
Mrotek/Actuarial
Advantage Inc. &
Tortorich/Katten Muchin
Rosenman LLP
WCM
Transforming Your
Business: Achieving
A/R Automation
Folker/Citizens
Commercial Banking,
Lonie/Mizuhous &
Pierce/PrimeRevenue
TP
Graves/Citizens
Commercial Banking
Advanced Strategies
for Automating
Invoices and
Payments
INTL
329
FX Hedge Programs, Financial Services
Understanding and
The Complete Picture: Roadmap for
Managing Costs
Understanding
International Business Within Your 401 (K)
This is not an AFP
Economic and
Plan
credit approved session Accounting Risk
Trends in Treasury
Management
BT
Marcus/Robertson
Worldwide, Polales/
Ungaretti & Harris LLP &
Ansari/Wolf & Company &
Keller/Wintrust
I Think My Employee New Uses and
is Stealing from Me. Benefits of Captive
What Should I
Insurance
Do Now?
TP
Liquidity and
Basel III - A Brave
New World
328
Managing Resources Supply Chain
Effectively: A
Finance
Perspective on
Automation
WCM
Houlihan & Grazier/
PNC Bank
Changes in Industry
Standards: Are
you Prepared for
the Impacts?
WCM
327
Black/BNY Mellon &
Patterson/PNC Bank
Hocker/Telephone and & Wallace/American
Data Systems, Inc.
Hotel Register
Navigating the
New Treasury
Investing
Environment
TME
This is not an AFP
Suarez/ACI
Worldwide & Vitale/
MB Financial Bank
Sponsored by PNC
Dragiff/SunGard
BT
The Value of User
Experience Design
in Online Banking –
It’s More Than Just
Looking Good
326
Ormseth/Wintrust
Commercial Banking
& Hergenroeder/IBM
Is Your Banking
Is Outsourcing
Payments Processing Relationship in
Jeopardy?
For You?
CF
Ray/Open Scan
& Tonniges/
First National Bank
TME
Welcome to the
Future: Banking in
the Digital Age
325
Sponsored by Ariba, an SAP Company and DBS Bank Ltd.
Metzler & Sabones/
J.P. Morgan
CTP
CF
CTP Review: Financial Supercharge Your
Statements, Analysis Electronic Payments
and Decisions
Sponsored by Chase
Big Changes Coming:
The Impact of
Basel III on Your
Short-term Investments
Social Media Networking Event
Ruiz/Treasury
Strategies, Inc.
Treasury’s Leading
Role in Enterprise
Risk Management
CP
6:00 P.M. – 7:00 P.M.
Carlini/
Carlini & Associates
This is not an AFP
Aiming for Quality
in Technology
Investments
WCM
Opening Reception in Festival Hall B (Exhibit Floor)
Stark/Kyriba Corp.
Treasury as a
Strategic Partner:
Creating New
Value in the
Organization
BT
4:45 P.M. – 5:45 P.M.
3:50 P.M.
to
4:40 P.M.
Session 4
ADV
This is not an AFP
Rettinger/U.S. Bank &
Masson/
Jablon/The Clearing House The Treasury Academy
CTP
CTP Review:
Working Capital
Management
Forrest/BMO Financial
Group & Rossman/
Wolters Kluwer
LM
Escape Velocity –
How to Accelerate
Adoption of Electronic
B2B Payments By
Addressing Critical
Remittance Challenges
ADV
Managing Treasury
& Payment Operations
Across the
U.S.-Canadian Border
Refreshment Break in Festival Hall B (Exhibit Hall)
DeCoste/Bank of America Raczek/
Merrill Lynch & Fahey/
MB Financial Bank
Edward Don & Company
FC
Glassman/Chase
Commercial Banking
CP
Payments Strategy – Preventing
Taking Your Business Cybercrime
to the Next Level
The State of the
Economy
3:00 P.M. – 3:50 P.M.
2:00 P.M.
to
2:50 P.M.
Session 3
RM
324
Linking the Billing
Process with
Customer
Satisfaction and
Retention
Exhibit Hall Open, Festival Hall B
Shah/BlackRock
Insights to Act On:
Today's Cash
Markets
LM
Masson/
Kruis & Lehotyak/
U.S. Bank
CTP
CTP Review:
Essential Learning
for CTP Candidates
323
This is not an AFP
LM
Receivables:
Navigating The
Receivables Race
To Achieve
Maximum Control
And Automation
206
1:45 P.M. – 5:45 P.M.
Pederson/BMO
Financial Group
EMV Acceleration:
Building a
Comprehensive
Payments Security
Strategy
ADV
Rosenberg/BMO
Financial Group
The Next Generation
of Security Risks
and Your Checklist
for Better Fraud
Protection
ADV
205
Luncheon with Featured Speaker in Navy Pier Grand Ballroom: Dan Harris, ABC News
How Safe Are Your
Payments….
Are You in
Compliance?
CP
Value Creation
Through Optimal
Working Capital
Management
Throughout the
M&A Process
RM
Mochnal/ Bank of
Warfield & Margiori/
America Merrill Lynch MB Financial Bank
& Lowry/clearXchange
Red Flags in
International Trade
and Payments
204
Is Your Business
Ready for EMV and
Mobile Payments?
Reategui/J.P. Morgan
Commercial Banking
What is the Optimal Fast Mobile
International Banking Payments That
Structure?
Make Your
Customers Happy
203
12:00 P.M. – 1:45 P.M.
11:10 A.M.
to
12:00 P.M.
Session 2
10:10 A.M.
to
11:00 A.M.
Session 1
RM
202
9:30 A.M. – 12:00 P.M.
ROOM
Refreshment Break in Festival Hall B (Exhibit Floor)
9:30 A.M. - 10:05 A.M.
Sponsored by BMO Harris Bank
Opening Keynote in Navy Pier Grand Ballroom: Mellody Hobson, President, Ariel Investments Sponsored by Bank of America Merrill Lynch
8:30 A.M. – 9:30 A.M.
Sponsored by MB Financial Bank
Continental Breakfast in Lakeview Terrace (located near Navy Pier Grand Ballroom)
7:30 A.M. - 8:25 A.M.
Sponsored by HSBC
Sponsored by Capital One Bank
7:00 A.M. - 6:00 P.M. REGISTRATION OPEN (Terrace B, Navy Pier Convention Center)
First-Timers Reception - Presidential Suite # 3201, Sheraton Chicago Hotel & Towers
5:00 P.M. – 6:30 P.M.
CP
CTP
8:00 A.M. - 6:00 P.M. EXHIBITOR REGISTRATION AND SET-UP/ATTENDEE AND SPEAKER REGISTRATION 1:00 P.M. - 6:00 P.M. (Terrace B, Navy Pier Convention Center) Sponsored by HSBC
Banker Topics
Corporate Finance
BANK Banking
ADV
Advanced
BT
CF
CP
CTP
Card Payments
CTP Preparation
FC
INTL
INV
IRM
Investments
Making the
Connection with
One Card Solution
CP
Avau/IntellectEU/
Rytych/ RR Donnelley
CP
4:00 P.M.
to
4:50 P.M.
Session 9
LM
INV
Smock/Merganser
Capital Management
Treasury Strategies:
Turning Rate Hikes
to Your Advantage
CF
FC
Diorio/
Treasury Strategies, Inc.
Johnson/Northern
Illinois University
LM
CTP
LM
PD
The 'Better Mouse
Trap' Approach for
Treasury Fails
325
Treasury Performance
Management Waste of Time or a
Necessity?
INTL
CF
Van Lent/
First National Bank
The Impact and Risks
to Your Bottom Line
Associated with the
Proliferation of
Internet and
Electronic Fraud
CF
TME
INTL
Naked Global
Payments
BT
ACH Rule Changes
for 2015 and Beyond
328
TME
FC
WCM
Forman/PNC Bank &
Tomczyk/U.S. Venture
Cyber Crime Evolving:
Understanding
Cybercrime and Online
Banking Security Best
Practices
TP
Lutz/PNC Bank
CTP
INTL
CF
Mills/The Clearing House Valtchev/Bloomberg LP Morin/
Fidelity Investments
IRM
CTP
INTL
CF
Masson/
This is not an AFP
Estep/NACHA - The
Electronic Payments
Association, Lowe/Fiserv,
Orcutt/Wells Fargo &
Manavian/ADP
CTP Review:
Faster Payments
Advanced CTP Math via ACH
Anderson/PNC &
Bérubé/SWIFT
Leveraging SWIFT –
Beyond Information
Reporting
INTL
Fletcher/Bloomberg
LaRock/
Treasury Strategies, Inc.
Masson/
This is not an AFP
CTP Review:
Preparing Your
New Opportunities
Cash Forecasting
Treasury For
for FX Risk
and Risk Management Basel III’s Long Reach Management
INTL
CP
Getting a Handle on
Card Payments
Alfonsi/ Financial
Transactions Portfolio
Preparing Financial
Presentations for
Board Meetings,
Shareholder Meetings
and Stakeholder Situations
PD
Shafer/The
Montauk Group, LLC
Fundamentals of
Bank Relationships
and Selection
RM
Magyer/Allied Irish Bank Goel/Optimized
& Evans/Canyon CTS
Payments Consulting
U.S. Outbound
Investment into
Ireland: New
Guidelines, Better
Results
IRM
INTL
Koch/HedgeTrackers
I Thought We
Were Hedged:
Understanding FX
Gains and Losses
on the Income
Statement
329
TP
Zeena & Morrell,/
Citizens Commercial
Banking & Katsaros/
Worldpay
FC
Brunnquell/
Phoenix-Hecht
2015: The Big
Squeeze in Treasury
TME
Gandolfo/PNC Bank
This is not an AFP
An Affordable Care Act
Update: Navigating the
Changes and Challenges
WCM
Lasinsky/ Frost, Ruttenberg Humphrey/Function
& Rothblatt, P.C.
Form Staging and Design
Company’s Culture:
Raising Your Cash
IQ to Optimize
A Window of
Opportunity for Fraud Working Capital
WCM
Ramachandran/Citizens Lien/Wells Fargo
Commercial Banking
Don't Be Tomorrow's
Headline: Protect and
Secure Customer Data
INTL
Hyson/Wells Fargo
Commercial Card Improving Your
Fraud, Innovations,
Internal Processes:
Accounts Payable vs. Aim for Best in Class
Travel and Expense,
Supplier Engagement
Public Sector Treasury Options are Good:
Integrated Payables
Integrated Automation- A Strategic Perspective
Case Study
on Driving Value from
Payments
Driscoll/ Roman Catholic Diocese Henry/ Chicago Teachers
of Madison, Johnson/Paddock
Pension Fund & Bangert/
Publications, Inc. & Schade/
Bradley Consulting Group
This Ain’t Your Grandma’s
Lockbox: A Receivables
and Remittance Solution
in the 21st Century
Shifting T&E Card
Success into High
Gear Utilizing Travel
Data Analytics
CP
Reynaert/Meritor
Cross/Blue Sky
Kohlmann/PAR/
Capital Strategies, LLC Corporation & Susalla/ WACHA
Fifth Third Bank
Leasing - Reducing
Risk, Reducing Cost
and Increasing
Financial Flexibility
327
Advance Registration Required
WCM
326
TP
WCM
Advance Registration Required
Furlong/First National Bank Leven & Vieira/
of Omaha & Murray/
INTL FCStone, Inc.
FIS Global Merchant Services
Don't Be a 'Target'
for Merchant Fraud:
Card and Merchant
Panel Discussion
TME
Marks/
Soukal/Hanse
Marks & Associates
Orga International &
Parsons/Federal-Mogul
Masson/
Perkins/Accenture
CF
Automation of Cash
Application at
Federal-Mogul
Holdings Corp.
324
(Tour from 9:00 A.M. - 10:00 A.M.)
Sponsored by Wintrust Commercial Banking
Davey/GTreasury &
Anwar/Bloomberg LP
STP – Streamlining
Treasury Cash and
Risk Processes
Corporate Treasury - Managing Liquidity:
Efficient Management Be Prepared for the
of Market Risk –
New Reality
Minimizing Costs and
Optimizing Results
IRM
Masson/
This is not an AFP
RM
TME
Pat McGann, Comedian and TMAC Academic Relations Program Sponsored by BMO Harris Bank
Avers/SunTrust Bank
Shield Your Treasury Make Financing the
Overcoming the
Against Fraud and
Lease of Your Worries: Challenges of
Cyber Exploitation
Overcoming Key
Account Validation
Contract Obstacles
FC
DeLisle/
Forward Progress Inc.
Lopez/
Allstate Insurance Co.
Blair/GTreasury & Toy/
CUNA Mutual Group
FC
Social Media - How
to be Compliant and
Competitive Online
PD
Metrics Management: What is Going on
Measuring Success
with 'Quality' - Lean,
of a TMS
Six Sigma, BPM, CI
What's Going On?
3:00 P.M. – 4:00 P.M.
2:10 P.M.
to
3:00 P.M.
Session 8
TME
CTP
CTP Review:
Money Markets
Liquidity Management CTP Review:
in the New Era:
Capital Markets
Regulatory Update
This is not an AFP
Flores & Lipinski/BMO Financial
Group & Garcia/LaSalle Investment
Management
Liquidity Coverage
Ratio: Another
Paradigm Shift Thrust
Upon a Treasurer’s
Cash View
ADV
2:00 P.M. – 4:50 P.M.
Lin/Bank of America
Vitale/
Merrill Lynch, Ahmed/
MB Financial Bank
Littlefuse & Beutow/Aon
Data Breaches:
The Gunfight at the
OK Corral
FC
This is not an AFP
Sponsored by HSBC
(Tour from 9:00 A.M. – 10:00 A.M.)
Sponsored by Associated Bank
Kruis/U.S. Bank
Gregory/
BMO Financial Group
Richards/
MR Recruitment LLC
LM
Payables: Navigating
the Payables Race
to Achieve Maximum
Control, Speed, and
Efficiency
ADV
& Carfang/Treasury
Strategies, Inc.
Luncheon with Featured Speaker in Navy Pier Grand Ballroom
Bernstein/
J.P. Morgan
Payment Globalization: Asia in the Global
What You Need to
Context: What Does
Know So It Doesn't
It Mean For Your
Hurt You
Company?
RM
CTP
CTP Review:
Review of Basic CTP
Calculations
323
Baker/Fifth Third Bank Cunningham & Ronayne/ Masson/
Federated Investors, Inc, The Treasury Academy
Social Media Has
Economic Outlook:
Changed the Treasury Still Hazy After All
Recruitment World
These Years?
Forever
PD
Davey/GTreasury &
Rosenthal/SWIFT
Americas
LM
Strategies for
Staying Afloat in a
Financing Receivables Sea of Rising Rates,
Money Fund
Regulation and
New Investment
Policies
WCM
Hern/Bank of America
Deschamps/
Chase Commercial Banking Merrill Lynch & Heintz/
Hollister Incorporated
Implementation Best
Practices Every
Treasurer Should
Know
RM
Jeffery/
Strategic Treasurer
eBAM and FBAR 101
TME
206
12:10 P.M. – 2:00 P.M.
11:10 A.M.
to
12:00 P.M.
Session 7
TME
Architecting Treasury Best Practices to
Technology to
Optimize Cash
Your Business
Visibility
Requirements
10:20 A.M. – 11:10 A.M.
9:30 A.M.
to
10:20 A.M.
Session 6
8:30 A.M.
to
9:20 A.M.
Session 5
TME
205
Bus departs at 8:30 A.M. from Entrance 2 of Navy Pier
204
8:30 A.M. – 10:15 A.M.
203
8:00 A.M. – 10:15 A.M.
202
Exhibit Hall Open, Festival Hall B (closing for lunch by 12:10 P.M.)
8:00 A.M. – 12:10 P.M.
Sponsored by BNY Mellon
Continental Breakfast in Festival Hall B (Exhibit Floor)
7:30 A.M. – 8:30 A.M.
ROOM
PD
LM
7:00 A.M. – 5:00 P.M. REGISTRATION OPEN (Terrace B, Navy Pier Convention Center)
Banker Topics
Corporate Finance
BANK Banking
ADV
Advanced
BT
CF
CP
CTP
Card Payments
CTP Preparation
FC
INTL
12:00 P.M.
11:10
11:10 A.M.
a.m.
to
12:00 P.M.
p.m.
Session 12
INTL
IRM
BT
Seamless BAU:
Attaining Post
Implementation
Nirvana
Filus/
Raghunathan & Iyer/
Dasari/Dow Corning
Treasury Strategies, Inc. & Coporation & Griffiths/ Zentest Software LLC
Berkow/CME Group, Inc. FiREapps & Hendrick/
Dow Corning Corporation
Treasury as Strategic
Consultants: How
To Build & Leverage
Your Systems To Get
The Most From your
Data and your
Treasury Team
323
No CTP Course
Murali/Axeltree Solutions, Inc.,
Anderson/PNC Financial Services
& Christaldi/ Chicago Bridge
and Iron Company
Expanding Globally:
No CTP Course
Treasury Optimization
Through New
Technologies/
Advanced
TME
Sponsored by BB&T
Carlini/
Carlini & Associates
Kailunas II/Regal
Financial Group
Goodale/State Street
Global Advisors
BT
Smartphones:
Mobile Wallets vs.
Credit Cards
PD
Choices and
Chances
TME
LM
Full Throttle – Getting No CTP Course
YOUR Electronic
Payments Program
Flying High
206
Trilogy of
Challenges
2015 Windy City Summit Adjourns
Warner & Sullivan/
Northern Trust
The Future of Cash:
TMS Implementation:
Navigating Balance
Integration to Amplify
Sheet Solutions in an Success
Evolving Regulatory
& Investment
Environment
INV
Investments
PD
LM
CF
Cash Portals and
their Response to the
Regulatory Changes
of Money Funds
INV
Becker/FGMK, LLC &
Jacklin/Wintrust
Commercial Banking
Information Technology
Controls – Best Practices
to Mitigate IT and
Payment Risk Including
COSO Internal Control
Framework: Principle 11
TME
Brown/American
Deposit Management
Company
Conquering Conflict
in Treasury
TME
RM
Heinrich/Reinhart
Boerner Van Deuren s.c.
INTL
Sattarian/KeyBank Enterprise
Commercial Payments, Miazga/
Parker Hannifin Corporation &
Loewer/National Railway
Equipment Co.
No Session
McDonagh/
J.P. Morgan Chase
Safeguarding Your
Business
FC
Brandenburg/PNC &
Ma/Paulson Institute
China As Number
One: So What?
WCM
327
TP
328
WCM
BT
No Session
No Session
No Session
No Session
Corrigan/Wells Fargo
Davies/Federal
Reserve Bank of Dallas
Supplier Finance It's Not Just For
Large Corporates
Anymore
INTL
329
Payment Trends:
2015 & Beyond
Risk and Liquidity
Management Best
Practices When
Selling Globally
No Session
326
TME
Borrower Boot Camp: No Session
Loan Document
Fundamentals
CF
Mowery/First National Bird & Fortuna/
Bank & Dougherty/
State Street
Tenaska Inc.
To Infinity and Beyond!
A Case Study on
Tenaska Inc.'s Journey
from Woody's Pull
Strings to Buzz's
Battery Pack
No Session
324
325
Sponsored by HSBC
Treasury Management Association of Chicago
Pedersen & Weissglas / Rettinger & Anderson/
BMO Financial Group
U.S. Bank & Casalino/ARC
Eliminating the
Sticker Shock of
Card Payment
Acceptance
ADV
205
Refreshment Break in Festival Hall B (Exhibit Hall)
O’Malley/PNC Bank
Ellis/Reval
& Weisberg/Hay Group
TME
Investing in Growth:
Funding a Treasury
Transformation
Initiative
WCM
Cross Border
Relations: The
Benefits of Doing
Business in Canada
Sherrod/Bank of America Vitale/
Merrill Lynch & Pilipovic/ MB Financial Bank
Plexus
Phelps/J.P. Morgan
Big Data: Are Treasury
Management Banks
Ready for True
Business Intelligence?
Staying Connected
when Things go
Wrong
BT
Around the World
in 50 Minutes
10:20 P.M. – 11:10 P.M.
9:30 A.M.
to
10:20 A.M.
Session 11
8:30 A.M.
to
9:20 A.M.
Session 10
204
CP
RM
203
8:00 A.M. – 12:10 P.M.
202
Continental Breakfast in Festival Hall B (Exhibit Hall)
7:30 A.M. – 8:30 A.M.
ROOM
INV
IRM
7:00 A.M. – 12:00 P.M. REGISTRATION OPEN (Terrace B, Navy Pier Convention Center)
Banker Topics
Corporate Finance
BANK Banking
29th
A
Tuesday, May 19, 2015 & Wednesday, May 20, 2015
TUESDAY, MAY 19, 2015
9:30 A.M. – 10:05 A.M.
Exhibitor Registration & Set-Up 8:00 A.M. – 6:00 P.M.
Terrace B, Navy Pier Convention Center
Exhibit Floor
SPONSORED BY HSBC
SPONSORED BY BMO HARRIS BANK
Attendee & Speaker Registration 1:00 P.M. – 6:00 P.M.
9:30 A.M. – 12:00 P.M.
ual
nn
Terrace B, Navy Pier Convention Center
Exhibit Floor Open
SPONSORED BY HSBC
Festival Hall B (Closing for lunch by 12:00 P.M.)
First-Timers Welcome Reception 5:00 P.M. – 6:30 P.M.
Sheraton Chicago Hotel & Towers, Presidential Suite #3201
SPONSORED BY CAPITAL ONE
SESSION ONE
10:10 A.M. – 11:00 A.M.
What is the Optimal International Banking Structure?
202
WEDNESDAY, MAY 20, 2015
RELATIONSHIP MANAGEMENT
Opening Keynote Speaker
8:30 A.M. – 9:30 A.M.
Navy Pier Convention Center, Grand Ballroom
SPONSORED BY
BANK OF AMERICA MERRILL LYNCH
Mellody Hobson
President, Ariel Investments
Mellody Hobson is president of Ariel Investments.
Headquartered in Chicago, the firm offers six
no-load mutual funds for individual investors and
defined contribution plans as well as separately
managed accounts for institutions and high net
worth individuals. As president, Mellody is responsible for firm-wide
management and strategic planning, overseeing all operations outside of
research and portfolio management. Additionally, she serves as chairman
of the board of trustees for Ariel Investment Trust.
Beyond her work at Ariel, Mellody has become a nationally recognized
voice on financial literacy and investor education. She is a regular contributor
and analyst on finance, the markets and economic trends for CBS News.
She also contributes weekly money tips on the Tom Joyner Morning Show
and pens a regular column for Black Enterprise magazine. As a passionate
advocate for investor education, she is a spokesperson for the Ariel/
Hewitt Study: 401(k) Plans in Living Color and the Ariel Black Investor
Survey, both of which examine investing patterns among minorities.
Mellody is Chairman of the Board for DreamWorks Animation SKG, Inc.;
as well as, a Director of The Estée Lauder Companies Inc. and Starbucks
Corporation. Her community outreach includes serving as chairman
of After School Matters, a non-profit that provides Chicago teens with
high quality, out-of-school time programs. She is a board member of the
Lucas Museum of Narrative Art, The Chicago Public Education Fund, and
Sundance Institute, where she has been appointed emeritus trustee. She
is also on the executive committee of the Investment Company Institute’s
board of governors. Mellody earned her AB degree from Princeton’s
Woodrow Wilson School of International Relations and Public Policy.
She also received honorary doctorate degrees in humanities from both
Howard University and St. Mary’s College.
Lorraine Reategui, MD/J.P. Morgan Commercial Banking
In this dynamic session, we will discuss the key steps treasurers will
want to take for creating an optimal international banking structure.
Session participants will learn the answers to these questions and more:
how realistic is it to streamline your banking to a single global or regional
banking provider?; what international payment and collection initiatives
can I leverage to optimize cash management overseas?; what regional or
country nuances do I need to work around?; and how do I get buy in from
my overseas affiliates regarding centralized banking arrangements?
Lorraine Reategui is responsible for International Treasury sales for
the commercial banking line of business. Her organization delivers
cash management solutions to U.S. multinational companies operating
in Europe, Asia Pacific, Latin American and Canada. Previously, she
managed a team of regional cash management consultants in EMEA.
Prior to J.P. Morgan, Ms. Reategui was a Sales and Relationship
Manager at Deutsche Bank in London.
Fast Mobile Payments That Make Your Customers Happy
203
CARD PAYMENTS
Tracey Mochnal/Bank of America Merrill Lynch
Melissa Lowry/clearXchange
A new dynamic in payments is changing the way consumers pay and
get paid. In 2012 several banks launched electronic consumer P2P
payments in the U.S., which allowed one consumer to pay another
electronically with just an email address or mobile phone number in lieu
of personal bank account information. This session will outline the global
payment trends that led to the ultimate development of registry systems
of information and how they work. Learn how these alias-based
payments help to address personal bank account security concerns
inherent in some of our existing payment methods.
Tracey Mochnal is director and a team manager of the Disbursements
Product Management team in the Global Transaction Services
organization. Ms. Mochnal has worked in the financial services industry
for 25 years. She holds a BS in Finance from Rutgers College,
School of Business and an MBA in Finance and International Business
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from New York University Stern School of Business.
Melissa Lowry leads product, marketing and communications for
clearXchange, a digital payments company focused on transforming
the way money moves. Prior to joining clearXchange, she was Senior
Vice President in Wells Fargo’s Innovation & Payments Strategy team
focused on strategy and product development for online and mobile
payments. Ms. Lowry holds a BBA in Finance from Idaho State
University and an MBA from the Stanford Graduate School
of Business.
Red Flags in International Trade and Payments
204
FRAUD AND COMPLIANCE
Paul Warfield/MB Financial Bank
Despina Margiori/MB Financial Bank
When doing business internationally there are red flags that serve as
a warning to bankers, importers and exporters. These red flags indentify
transactions that may require enhanced due diligence. The overall
risk of sending and receiving payments requires you to know your
customer. In this session, we will cover more common red flags along
with the underlying risks.
Paul Warfield is currently the manager of International Banking
Operations at MB Financial Bank, N.A. in Chicago. He has more than
20 years of experience in international banking and prior to MB Financial
Bank, Mr. Warfield served as the International Banking Manager at the
National Bank of Commerce in Lincoln, NE.
Despina Margiori is Vice President and Foreign Exchange Sales Manager
of International Banking at MB Financial Bank. She has more than 15
years of experience in FX international payments and holds a Master’s
degree in Economics from UCL - Université Catholique de Louvain, from
Louvain-La-Neuve, in Belgium.
The Next Generation of Security Risks and Your
Checklist for Better Fraud Protection
205
ADVANCED
Edward Rosenberg/BMO Financial Group
Another day, another breach – that’s the reality that companies and
consumers are facing today. Cyber criminals and hackers have become
more nimble and tenacious. But there are ways to strengthen employee,
accounting and payment controls to prevent fraud. The key is understanding how sensitive data moves throughout the organization. This
session will identify pervasive risks that organizations are facing both
inside and outside their own walls and new strategies for fraud monitoring, protection and investigation.
Edward Rosenberg has more than 25 years of experience in helping public and private companies, government and law enforcement agencies
shape their security strategies. As BMO’s Chief Security Officer, he is
responsible for the management of criminal risk and corporate security
operations, ensuring the protection of BMO’s customers, information
and property.
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Receivables: Navigating the Receivables Race To
Achieve Maximum Control and Automation
206
LIQUIDITY MANAGEMENT
Adam Kruis/U.S. Bank
Cheryl Lehotyak/U.S. Bank
The A/R landscape is changing, and so are the strategies and options
for creating a fine-tuned payments processing engine. Successful
companies are learning how to drive enhanced automation and control
into their receivables process. This presentation reviews the trends
and best practices that are helping companies move ahead of the pack.
Join us and learn how to develop a strategy that drives efficiency and
optimizes working capital.
As a Working Capital Solutions Consultant, Adam Kruis helps
companies optimize their cash conversion cycle by providing tailored
consultations on their payables and receivables processes. As a
financial optimization agent and process improvement specialist,
Mr. Kruis works with all levels of clients to streamline their processes,
increase controls and reduce costs through industry expertise and
emerging technologies.
Cheryl Lehotyak is a Technical Solutions Specialist focused on accounts
receivable processing. She specializes in analyzing an organization’s
unique A/R process and working with the organization to institute
solutions that drive efficiencies and meet business needs. Previously,
she was a Treasury Management Consultant at the bank for 10 years.
Essentials of Treasury Management, 4th Edition
Review: Essential Learning for CTP Candidates
323
CTP
Dubos Masson, CTP/The Treasury Academy
This session will cover common misconceptions about the CTP exam
that can lead candidates to make assumptions that are incorrect. This
can set candidates up for failure before they begin exam preparation.
Learning how the Essentials of Treasury Management (ETM4) is
created and how the CTP exam is developed helps candidates have a
factual understanding of what they need to learn in order to earn the
credential. Proven tips and techniques for preparation of the CTP exam
will also be discussed.
D.J. Masson is an Associate Clinical Professor of Finance at Indiana
University’s Kelly School of Business. His areas of specialty include
treasury management, working capital management, global cash
management, risk management, asset management and corporate
valuation. Dr. Masson holds a BS in business from the University of
New Orleans and an MBA and PhD in Finance from Indiana University.
He holds the CTP credential from AFP and the Cert ICM from the
Association of Corporate Treasurers in the UK.
This is not an AFP credit approved session.
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Linking the Billing Process with Customer Satisfaction
and Retention
The Value of User Experience Design in Online
Banking – It’s More Than Just Looking Good
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CORPORATE FINANCE
BANKER TOPICS
Timothy Ray/Open Scan
Chris Tonniges/First National Bank
Lucy Suarez, CTP/ACI Worldwide
Joe Vitale, CTP/MB Financial Bank
This session will cover current trends in the invoice-to-cash process.
What are challenges that must be overcome to achieve high levels
of automation and adoption? The hypothesis of a strong correlation
between invoicing and customer satisfaction will be explored.
More and more emphasis is being placed on user experience design
when it comes to online banking. Online banking is being compared
with every other website in terms of usability. Workflow, screen
placement, number of clicks, etc. become important and expected
considerations by the users of banking products. Please join this
interactive session and see how the use of personas, user navigation
testing and more can improve the user experience for online banking.
Timothy Ray joined Open Scan in 2007 as a major account executive.
Following a string of successes, he was promoted to Chief Operating
Officer. Mr. Ray is responsible for operations, sales and implementations. He has a Bachelor of Arts Degree in Business Administration,
also completing the Entrepreneurial Studies Program at Washington
& Jefferson College in Washington, PA.
Chris Tonniges is Director, Corporate Treasury Services for First
National Bank and manages a team of highly effective national sales
officers focused on solution selling and effective problem solving. He
received his BS from Augustana College in Rock Island, Illinois and an
MBA from the University of Nebraska, Omaha.
Lucy Suarez is a Senior Solutions Consultant for ACI Worldwide.
She is engaged in sales support and in a consulting role to a portfolio
of existing FI clients. She supports corporate and consumer online
banking services as well as mobile. Ms. Suarez has been in the
industry for more than 20 years. She has a BA in Marketing and is
a Certified Treasury Professional.
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Joe Vitale is Vice President and Senior Product Manager at MB Financial
Bank. He has more than 20 years’ experience with a primary focus on
Treasury Management product development and marketing. He also
has managed several eCommerce solutions in his career including
ACH, Wire Transfer, EDI, F/X, and Information Reporting.
TREASURY MANAGEMENT ESSENTIALS
Welcome to the Future: Banking in the Digital Age
Tom Ormseth/Wintrust Commercial Banking
Gerard Hergenroeder/IBM
Mobile is already the easiest way to access banking information online.
From viewing transactions to moving money from account to account,
to making deposits, accessing cash without a card, POS purchases
and more, mobile is much more convenient than a computer. What’s
happening today, tomorrow and in the future? How do we overcome
the obstacles along the way and who is benefiting: consumers,
merchants or app providers? A review of mobile banking security and
current digital strategies is also included.
Thomas P. Ormseth is a SVP of Wintrust Financial. He leads Treasury
Management Sales and Implementation Groups, the commercial and
retail product teams, international department, and derivatives at
Wintrust. Mr. Ormseth has been in banking for 29 years and was
recently featured in American Banker Magazine for his work in the
cardless cash space.
Gerard Hergenroeder is a Global Payments Executive at IBM. He is
a known banking and payments expert with many years of hands-on
industry and consulting experience. He has worked in North America
and globally with an emphasis in Asia and Brazil. Mr. Hergenroeder
is a leader in both retail and corporate payments, and the technology
that enables it, especially in such areas as mobile, social media and
advanced analytics. He is a graduate of The Johns Hopkins University
with M.S. in Operation Research.
Changes in Industry Standards: Are you Prepared for
the Impacts?
327
WORKING CAPITAL MANAGEMENT
Michael Houlihan/PNC Bank
Rebecca Grazier/PNC Bank
Join us for an in depth discussion on how the new money fund reform
and U.S. liquidity coverage ratio will impact corporates. Dig deeper into
the rules governing money market funds and the impacts to your clients
and systems. Discuss the reactions that corporates are having to the
amendments and how to incorporate future use of money funds as a
part of a short term cash strategy.
Michael Houlihan is a Senior Product Manager for the Liquidity Team
and is responsible for short-term cash investment products, including
PNC Bank liabilities and various third-party money market funds, used
by treasury management clients. This responsibility includes the strategy, product development, marketing, vendor relations, and financial
results of these services.
Rebecca Grazier is a Senior Product Manager for the Liquidity Management Team and is responsible for the liquidity management portal and
the escrow services and sub-accounting system, two niche products
designed to assist the active cash manager in the investment and management of short term cash.
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Liquidity and Basel III - A Brave New World
SESSION TWO
11:10 A.M. – 12:00 P.M.
328
TRANSACTION PROCESSING
Is Your Business Ready for EMV and Mobile Payments?
Jeff Graves/Citizens Commercial Banking
202
The liquidity landscape will undergo a number of major changes in
2015 that will affect where deposits will be directed, how excess cash is
evaluated and the number of investment options available to treasurers
in the market. The big drivers include the Basel III regulations, LCR and
money market fund reform, not to mention the low rate environment.
This session will cover safety concerns and how these sweeping
changes could affect liquidity, deposits and behavior.
Jeff Graves is a senior product manager in the Treasury Solutions organization, in charge of the liquidity sweep platform. Previously, he was
the treasury sales manager, focused on increasing deposits, and spent
15 years selling fixed income investments at Bank of America.
Advanced Strategies for Automating Invoices
and Payments
329
INTERNATIONAL TREASURY MANAGEMENT
Malinda Anthony/Wells Fargo
Yvette Tavares/Blistex
John Christiansen/NES Rentals
Electronic invoicing and payment optimization are turning many
accounts payable (AP) departments into profit centers. Hear a panel
of practitioners discuss how streamlining the process of capturing
invoices can increase approval speeds and reduce costs. Learn how
they’ve optimized the mix of payments to their suppliers. And look at
payment options such as dynamic discounting and supply chain
finance that can add dollars to your company’s bottom line.
Malinda Anthony manages the sales efforts for the Upper Midwest
Division of Wells Fargo comprised of seven Midwestern states. She has
more than 20 years of treasury management experience in operations,
product management, and sales. Based in Indianapolis, she is a graduate of
Valparaiso University and serves on the Board of Directors of AFP-Indiana.
Yvette Tavares has been with Blistex for 15 years and is responsible for
oversight of overall accounting operations, including financial reporting
and budgeting, maintenance of internal controls, treasury services, and
order-to-cash and procure-to-pay processes. She received her B.S. from
Illinois State University and MBA from Keller Graduate School
of Management.
At NES Rentals, John Christiansen helped drive the formation of a
centralized Shared Services Center to support the company’s branch
network. Mr. Christiansen joined NES Rentals as an Accounts Payable
Manager in 2004. He accepted the position of Shared Services
Manager in 2009 and was promoted to his current role of Director
of Shared Services in 2011.
Teresa Walker/Chase Paymentech
Conrad Sheehan/Chase Paymentech
The payments industry is going through period of fundamental change.
Innovators are creating new models to address consumer and business
enterprise needs while regulatory and legal challenges are pressuring
existing models. In this session, we will discuss the innovation that is
happening between the consumer and businesses and also the EMV
mandate that is happening in October 2015.
Teresa Walker is Group Manager for Chase Paymentech’s Commercial
Banking West team and the Product Partner Lead for Commercial Banking.
She has 23 years experience in the payment processing industry and has
served in various roles within Chase Paymentech including account
management, marketing, and employee communications. Ms. Walker
holds a Bachelor of Science degree in Journalism from Texas A&M University.
Conrad Sheehan began his career at Accenture as partner in the
Financial Services practice. He joined JPMorgan Chase in 2001, leading
the Consumer Payment Solutions group. He left J.P. Morgan to become
Founder and CEO of mPayy, Inc., and then joined C-SAM, Inc, as the
Global Head of Product and Business Development for Mobile and
Digital Solutions. He recently joined Chase Paymentech’s Global
Enterprise Solutions Team covering the Reoccurring Billers segment.
Value Creation Through Optimal Working Capital
Management Throughout the M&A Process
203
CARD PAYMENTS
Janine Durbin/Bank of America Merrill Lynch
Tony McClendon/United Stationers
Many companies realize or plan to realize growth through acquisition;
both domestic and international. While this can positively affect the
bottom line, managing treasury functions from distinct, separate legal
entities, subsidiaries or business units can lead to inefficiencies when
managing working capital. To ensure value is created by the acquisition, attention should be focused on capturing cost synergies that
were modeled into the transaction. A strategic treasury advisor with a
vision and plan to centralize and optimize treasury functions can ensure
acquisitions are accretive and add value to owners.
Janine Durbin is a Working Capital Advisor who takes a holistic
approach to helping clients improve efficiencies and manage working
capital to meet or exceed company goals. While at Motorola Inc and
Motorola Mobility, she successfully led multiple treasury/credit
process re-designs and created complex cash flow forecasting models
to improve working capital metrics and global cash management.
Ms. Durbin holds a Bachelors in Economics from Tufts University, a
Masters in International Relations from University of Southern California,
and an MBA from University of Chicago- Booth School of Business.
Tony McClendon has responsibility for cash management, cash
application (AR), foreign exchange and debt management. He also
manages various operational aspects of treasury including merchant
credit card processing, PCI compliance and travel & expense platform.
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He has a Bachelor of Arts in Political Science from the University of
Chicago and an MBA in Finance from the University of Notre Dame.
How Safe Are Your Payments…. Are You in Compliance?
204
Judy Hill, CTP/MB Financial Bank
Michael Davidson/MB Financial Bank
Payment rules are complex and governed by a variety rules and
regulations. This session will review the compliance requirements of
various payments and provide the audience with access to the tools
and best practices to ensure they are meeting the compliance
requirements of the payments they are generating.
Judy Hill has more than 30 years experience in Banking and Treasury
Management. She currently manages the MB Financial Treasury
Management sales organization. Ms. Hill has an undergraduate degree
from DePaul University and a Graduate School Banking Certificate from
the IBA. She has been certified as a Treasury Professional (CTP) by AFP.
With 15 years of experience in the financial services industry, Michael
Davidson has consistently provided sound consultative advice, superior
client service and support. His responsibilities include sales of treasury
management services and managing a portfolio of middle-market
companies and governmental entities. Additional responsibilities
include client presentations, and proposal generation.
EMV Acceleration: Building a Comprehensive Payments
Security Strategy
205
ADVANCED
Steve Pedersen/BMO Financial Group, Treasury &
Payment Solutions
In the aftermath of the Target breach, urgency surrounding chip and
PIN cards (EMV) in the U.S. is at an all-time high. However, questions
remain about how the technology will impact fraud prevention. EMV
is one tool in a comprehensive payments security strategy – with steps
to ensure businesses protect sensitive information. This presentation
will showcase how to combat fraud through chip and PIN adoption,
and developing internal controls, such as improved detection,
authentication and tokenization.
Steve Pedersen is a long-time payments expert, with more than two
decades of leadership experience in the financial industry. At BMO,
his responsibilities include Commercial Deposits and Global Treasury
Management products for Canada. Prior to BMO, Mr. Pedersen held
several senior leadership roles at Citibank.
Insights to Act On: Today’s Cash Markets
206
Lisa Shah/BlackRock
As the U.S. money market fund industry digests new rules issued by the
SEC, as global central banks alter monetary policy and banking regulations are implemented, knowing and understanding the impact of these
changes will be critical for cash investors in the months and years ahead.
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With a diverse range of solutions available, now is the time to consider
smart strategies to find the opportunities resulting from these changes.
Through real-world examples, we will provide insights into the short term
markets and advice to make informed decisions about cash investments.
Lisa Shah, Vice President and Product Strategist, is a member of the Cash
Management Product Strategy team with BlackRock. In this role, she
develops short-term investment solutions for clients and provides a link
between the portfolio management group and account managers. Ms.
Shah has been with BlackRock for 10 years. She earned a B.S. degree in
Finance from Virginia Polytechnic Institute and State University in 1999.
Review: Banks, Payment Systems and Relationship
Management
323
CTP
ETM4 – Ch 03: Banks and Financial Institutions
ETM4 – Ch 04: Payment Systems
ETM4 – Ch 07: Relationship Management and Vendor Selection
This session begins the coverage of the specific materials from ETM4.
Banks and financial institutions will be discussed as well as how
various payment systems (both U.S. and global) operate. The session
ends with a discussion of relationship management, vendor selection
and the calculations involved in bank account analysis statements.
Is Outsourcing Payments Processing For You?
324
CORPORATE FINANCE
Matthew Dragiff/SunGard
Over 50% of B2B payments in the U.S. are still made via paper check,
according to the Association of Financial Professionals. Many companies
don’t have the resources required to campaign and migrate suppliers to
electronic payments. By outsourcing payments processes, companies
can have an integrated approach to their payments execution process
that includes check printing, ACH and even virtual cards.
Matthew Dragiff is the Vice President of Product Management for
AvantGard Payment Services. In this role, his responsibilities include
setting the strategic product vision, mapping out the product delivery
roadmap, and the development of strategic partnerships. Mr. Dragiff
has been with SunGard for 8 years. Prior to joining SunGard, he spent
more than 25 years working in the technology, banking, telecom and
transportation industries in various R&D roles.
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Is Your Banking Relationship in Jeopardy?
325
Sarah Grooms, CTP/Wintrust Commercial Banking
Aimee Briles/Wintrust Commercial Banking
Bill Eagan, CPA/Hinsdale Township High School District 86
John Lauber, CPA/LauberCFOs, Inc.
Explore the characteristics of both optimal and dysfunctional bank
relationships, and the potential obstacles to achieving an ideal relationship. We will provide best practices for evaluating your current banking
relationship, including the steps involved in preparing and evaluating
a formal request for proposal as a part of the process. Finally, we will
discuss evaluating low cost vs. best value when paying for banking
services and exploring the possibility of using a multiple bank relationship.
Sarah Grooms is a Vice President at Town Bank and Regional Sales
Team Leader for Treasury Management. She is currently a Graduate
Student at Marquette University studying Applied Economics.
Ms. Grooms is a frequent speaker, having appeared at TMANE
(Boston), Windy City Summit (Chicago), WI AFP (Milwaukee) and
the InBusiness Speaker Series (Madison), among others.
Aimee Briles joined Wintrust in 2007, and works with the family of
Wintrust Community Banks to specifically meet the needs of local
governmental entities. She has been an active member of the Illinois
Government Finance Officers, Illinois School Business Officials
Associations, and the Illinois Park and Recreation Association since 2003.
at The University of Pittsburgh. Mr. Black is a CTP and CPA as well as a
Registered Representative with FINRA.
Patti Hocker has been with TDS for more than 20 years in various
treasury related positions. She received her undergraduate degree in
Business Administration from Cardinal Stritch University in Milwaukee
and an MBA with a concentration in Finance from Edgewood College
in Madison. Mrs. Hocker is also a Certified Treasury Professional and
Accredited ACH Professional.
Managing Resources Effectively: A Perspective on
Automation
327
Chris Patterson/PNC Bank
Mary Wallace/American Hotel Register
Join Mary and Chris as they explore various options on how to
effectively manage multi-channel invoice presentment and payment
capabilities. Discuss methods of communicating to the customer
via paper-based documents, e-mails, web presentment and other
communication channels. We will also discuss incorporating lockbox processing and e-payment channels to reduce errors, increase
productivity and better manage cash flow. Automated systems allow
companies to control costs, gain better granularity on transactions
and provide an audit trail to ensure legitimate expenses.
Bill Eagan is a CPA and CMA with twenty years of corporate experience
with the last two years spent as the Plant Controller for the Kraft Foods
Plant in Naperville, IL. He left the plant to bring his experience to run a
$100MM business in the public sector.
Chris Patterson is here to support PNC’s treasury management team
in delivering the capabilities that help businesses thrive. He has
serviced large corporate, middle market and healthcare treasury
management clients. His strong background with PNC’s implementation, operations, MIS, and customer service groups ensure client
satisfaction and timely product implementations.
John Lauber is Founder, President and CEO of LauberCFOs, Inc. Over
the past 25 years, the company has helped over 500 small to midsized,
privately held firms in Wisconsin, Upper Michigan, and Northern Illinois
with financial management and direction and to gain the “The CFO
Advantage®” that larger companies typically enjoy.
Mary Wallace is the Accounts Payable and Cash Application
Manager for American Hotel Register. Her Black Belt in Six Sigma is
used on her numerous process improvement projects for the finance
department. She is responsible for managing a 50K procurement card
program as well as the billing initiative for the company.
Navigating the New Treasury Investing Environment
Supply Chain Finance
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328
INVESTMENTS
Kirk Black, CTP, CPA/BNY Mellon
Patti Hocker, CTP/Telephone and Data Systems, Inc
Bill Folker/Citizens Commercial Banking
Michael Lonie/Mizuhous
Terry D. Pierce/PrimeRevenue
Ramifications from the liquidity crisis have taken their toll on most
aspects of the global economy. Treasury investing is no exception. In
the wake of the liquidity crisis and slow economic recovery, treasury
investors are left with historically low yields, new money fund regulations and the implementation of Basel III in 2015. This session will offer
practical strategies for investors to consider in this market and a case
study highlighting the evolution of one company’s investment practices
through and in the wake of the liquidity crisis.
Kirk Black is a Vice President of BNY Mellon and the Treasury Investments Senior Relationship Manager. He is responsible for BNY Mellon’s
treasury investment products. Mr. Black has been with Mellon now
BNY Mellon since 2000. He holds a BS from The Pennsylvania State
University Smeal College of Business and a MBA from the Katz School
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A panel discussion regarding supply chain finance working with
technology, banks and suppliers on supply chain payables programs to
help companies create working capital in today’s ever increasing global
competitive environment. The panel will consist of senior representatives
from major regional and global banks, as well as PrimeRevenue, with
discussion to focus on emerging supply chain finance trends,
developments and use of technology.
Bill Folker’s career spans 35 years in the structured trade finance business
arranging, advising and distributing various types of supply chain and
trade finance transactions. His experience includes The United States
Export-Import Bank (US EX-IM), as well as other official Export Credit
Agencies (ECAs) and private sector credit insurance groups, globally.
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Mike Lonie is responsible for marketing/strategic support of a suite of
domestic supply chain finance products, while supporting the development and delivery of global trade finance offerings. A veteran trade
financier, he has authored numerous articles and is a board member of
The Association of Trade and Forfeiting in the Americas.
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He is also the author of 10% Happier, a #1 New York Times bestselling book about a fidgety, skeptical news anchor who stumbles upon
meditation. In 10% Happier, Harris tells his story as only a reporter can:
through deep research, tough questions, and a healthy dose of irony.
The book is part investigation and part immersive journalism: one
man’s accidental quest to boost his happiness quotient without losing
his professional drive. After learning about research that suggests
meditation can do everything from lower your blood pressure to
essentially rewire your brain, Harris took a deep dive into the
under-reported world of CEOs, scientists, and even marines, who are
now using it to be calmer, happier, and less yanked around by their
emotions. The book takes readers on a ride from the outer reaches
of neuroscience to the inner sanctum of network news to the bizarre
fringes of America’s spiritual scene, and leaves them with a takeaway
that could actually change their lives.
Angela Melzark/Wells Fargo
Ryan Pilgrim/Liberty Diversified International
SESSION THREE
Terry Pierce is responsible for marketing/strategic support of
PrimeRevenue’s OpenSCi product suite, including supply chain finance,
A/R and dynamic discounting. Retired from the NFL (Denver Broncos),
he has series 7 and 66 licenses and is a member of the International
Factoring Association, AFP, International Trade/Finance Association
and NFL Retired Players Association.
Impostor Fraud: Do You Know Whom You’re Paying?
One day, you may get an email or phone call from your company’s CEO
asking you to make a large payment – and keep it confidential. Or your
accounts payable department may receive a letter or phone call from a
valued vendor requesting changes to the remittance account information on file. The requests seem legitimate, but the requestors aren’t
who they claim to be. They’re impostors. In this session, you’ll hear
from a practitioner whose company experienced impostor fraud and
learn how to identify variations of impostor fraud by hearing and seeing
simulated attempts.
In her role with the the Wells Fargo Treasury Management Information
Security, Risk and Compliance Group, Angela Melzark’s areas of focus
include liaison work with the regulatory exam and audit teams, cyber and
operational risk, and third party vendor management. She has been with
Wells Fargo for 25 years, including 19 years in Treasury Management.
Ryan Pilgrim’s responsibilities include cash and liquidity management,
funding and capital structure, interest rate and currency risk management, treasury operations and controls, and financial modeling. He has
been with LDI for eight years and holds a B.S in Accounting and Finance
from University of Minnesota’s Carlson School of Management.
2:00 P.M. – 2:50 P.M.
The State of the Economy
202
James Glassman/Chase Commercial Banking
James Glassman provides market insights to help business executives
and treasury managers better understand the changing economy and
its impact on their businesses.
As managing director and head economist of Chase Commercial
Banking, James Glassman provides market insights to help clients
better understand the changing economy and its impact on their
business. He earned a Bachelor’s degree from the University of Illinois,
a Master’s degree in Economics from the University of Illinois, and was
awarded a Ph.D. in Economics from Northwestern University.
Payments Strategy – Taking Your Business to the Next
Level
203
Luncheon with Featured Speaker 12:00 P.M. – 1:45 P.M.
CARD PAYMENTS
Sara DeCoste/Bank of America Merrill Lynch
John Fahey/Edward Don & Company
Dan Harris
Dan Harris is co-anchor of both Nightline and
the weekend edition of Good Morning America
on ABC News. He also regularly contributes
stories on ABC for such shows as 20/20 and
World News Tonight with David Muir. Harris has
reported from all over the world, covering wars
in Afghanistan, Israel/Palestine, and Iraq, and
producing investigative reports in Haiti, Cambodia
and the Congo. He has also spent many years
covering America’s faith scene, with a focus on evangelicals — who
have treated him kindly despite the fact that he is openly agnostic.
Harris has been at ABC News for 14 years, receiving Murrow and Emmy
awards for his reporting.
A key component to taking your business to the next level includes
the development and execution of an effective payments strategy.
It involves taking a holistic approach and analysis of the entire
procure-to-pay process, including vendor management/segmentation,
understanding systems capabilities, identifying internal stakeholders &
cultural challenges, defining measurable, track-able metrics aligned to
overall goals of the company. An effective payments strategy can generate incremental cash flow, lower operating expenses, provide better
cash forecasting and mitigate the risk of fraud.
Sara DeCoste is a Senior Vice President, Senior Treasury Solutions
Officer responsible for delivering global treasury solutions to middle
market companies. She has 14 years of banking experience in the areas
of cost accounting, acquisitions, corporate capital, funds management,
corporate development, corporate controller’s group, treasury risk and
asset management and treasury management sales. Ms. DeCoste holds
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a Bachelor of Science from Michigan State University and an MBA from
Northwestern University Kellogg School of Management.
Since 2004, John Fahey has been responsible for credit risk management, collection, cash application, returns processes and credit card
programs. He has thirty years’ experience optimizing cash flow and
additional background in treasury management, establishing a credit
shared service center, dispute resolution, construction credit and
international credit. Previously Mr. Fahey held similar management
positions in the foodservice industry with Alliant Foodservice and
Rykoff-Sexton for fifteen years.
Escape Velocity – How to Accelerate Adoption of
Electronic B2B Payments By Addressing Critical
Remittance Challenges
206
Gregory Rettinger, AAP/U.S. Bank
Sharon Jablon, AAP/The Clearing House
Gary Raczek, CTP/MB Financial Bank
Many organizations are in the process of converting paper based B2B
payments from check to ACH or card. While the needle is moving for
payables, the receivers of these transactions are experiencing significant
challenges. We will outline remittance format options and solutions
available currently, as well leveraging new opportunities such as XML
and ISO20022. Receivers of ACH transactions can also employ methods
to help ensure their trading partners provide payment details needed to
achieve straight through processing.
Cyber criminals continue to target commercial banks and their
customers significantly increasing the risk of fraud and financial loss.
Most of the responsibility for defending against wire transfer and ACH
fraud and protecting account credentials and other sensitive data, rests
with businesses and their vendors. Attendees will learn about the threats
across the financial services industry and the safeguards to protect
businesses from cyber attacks.
Gregory Rettinger is a Vice President and Product Manager for U.S.
Bank’s ACH Services. He is responsible for product strategy and development for ACH Direct File Transmission, ACH Block and Filter, UPIC, ACH
Reporting, ACH Data Capture, and Cash Concentration. Mr. Rettinger
has extensive previous experience in technical support and customer
service for a wide variety of Treasury Management applications, specializing in ACH origination software support.
Gary Raczek is a vice president of Treasury Management Services. With
his MBA in finance, and 18 years of experience in treasury management,
he works closely with Chicago area companies, professional firms and
municipalities to streamline their treasury management systems.
Sharon Jablon is a Product Specialist at The Clearing House. She expands
capabilities and penetration in B2B and consumer payments segments
and spearheaded initiatives including UPIC and driving ongoing adoption
of STP820 remittance standards in ACH and Wires. Ms. Jablon serves
on numerous standards bodies including X12 Finance, X9 and ISO 20022
Payment Standards Evaluation Group.
Preventing Cybercrime
204
Managing Treasury & Payment Operations Across the
U.S-Canadian Border
Review: Working Capital Management
205
ADVANCED
Hamish Forrest/BMO Financial Group
Jim Rossman/Wolters Kluwer
Few trading relationships are more significant than the U.S. and Canada;
more than a trillion dollars’ worth of goods cross the border annually.
As businesses expand into both countries, they must understand the
differences of each country’s complex financial environment. Including
financial services and processes, legislation, governing bodies, fraud
protection, and customer preferences. This session will guide attendees
through cross-border banking challenges, and will offer best practices for
managing cash flow and optimizing information reporting.
Hamish Forrest has more than 30 years’ experience in the treasury
management and payments space. He is the Director and Sales Team
Leader within Treasury and Payments Solutions at BMO Harris Bank,
where he is responsible for the strategic marketing of banking solutions
to corporate clients across the U.S. and Canada.
Jim Rossman is Treasurer, North America for Wolters Kluwer, a
market-leading global information services company. With more than
30 years of treasury experience, he has served as former President of the
Chicago Treasury Management Association and held previous treasury
roles at Sun Electric, Helene Curtis, CoreSource, and CST Star Products.
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CTP
ETM4 – Ch 08: Introduction to Working Capital Management
ETM4 – Ch 09: Working Capital Metrics
This session covers both the basics and the metrics (calculations) used
in the area of working capital management. These topics include: cash
conversion cycle, the management of key working capital accounts and
the investment and financing of working capital. The section on working
capital metrics covers many of the important calculations used in the
area including days sales outstanding, aging schedules and payment
pattern analysis.
D.J. Masson is an Associate Clinical Professor of Finance at Indiana University’s Kelly School of Business. His areas of specialty include treasury
management, working capital management, global cash management,
risk management, asset management and corporate valuation. Dr.
Masson holds a BS in business from the University of New Orleans and
an MBA and PhD in Finance from Indiana University. He holds the CTP
credential from AFP and the Cert ICM from the Association of Corporate
Treasurers in the UK.
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Finance as a Strategic Enabler; Turning Data into
Insight – SunGard Survey Results
of contract disputes, risks and risk management, internal controls,
internal audit, financial investigations, and much more.
324
Erin Keller has 12 years of sales executive experience, eight in
treasury sales, and currently works at Wintrust Financial.
Previously from JPMorgan, she developed her skills in treasury
sales by supporting lenders in the commercial and industrial space
with two years focused in not-for-profit and government.
CORPORATE FINANCE
Alfred Sanders, CPA/SunGard Capital Markets
Companies have high expectation from their finance organizations.
According to senior financial officers, the role of finance has never been
more complex. This presentation will provide the results of customer
surveys and cover the areas of key business metrics, challenges currently faced and projected by finance organizations, cost optimization
strategies, and critical success factors where value in adding analytical
thinking and strategic financial will support decision making.
Alfred Sanders is SunGard Consulting’s CFO Services practice leader.
Previously, he was the CFO for The Benefit Companies, and a Director
with BearingPoint and KPMG where he was responsible for their
Latin American finance and their Treasury consulting practices. Mr.
Sanders is a CPA, has a DBA in Finance, an MIM, an MBA, an MS Tax,
and a BSBA.
I Think My Employee is Stealing from Me.
What Should I Do Now?
325
Dale Marcus/Robertson Worldwide
Dean Polales/Ungaretti & Harris LLP
Ali Ansari/Wolf & Company
Erin Keller/Wintrust
Hear from a customer on how they were able to determine an
employee was stealing. The law firm will go over how they were
advising the client as the fraud was happening. A forensic accountant
will speak to things to look for and how the evidence was gathered.
Finally, the FBI will discuss how they apprehended the employee and
the consequences. It’s all very Mission Impossible.
Dale Marcus has more than 37 years of experience in addressing
a wide range of business management issues, either in his current
capacity of Chief Financial Officer or in as an advisory role specializing in business management and corporate finance. As CFO, he is
responsible for financial reporting, supply chain management, pricing
structures and key customer relations. Mr. Marcus has an MBA
from the University of California-Berkeley with a concentration in
Finance and Econometrics and a BS in Finance from the University of
Illinois-Champaign.
Dean Polales is a partner at Ungaretti and Harris, LLP. He has spent
his career investigating, coordinating and trying criminal cases in the
State of Illinois. He now focuses his work in the area of white-collar
criminal defense, corporate compliance and internal investigations.
Mr. Polales has been an Adjunct Professor at the Northwestern
University School of Law, The John Marshall Law School and DePaul
University School of Law.
Mr. Ali Ansari is a Director of Forensic Accounting at Wolf & Co., LLP,
in Oakbrook Terrace, IL. With more than 22 years of experience in
forensic accounting, he has worked extensively in litigation consulting
and advisory services for clients with revenues in the thousands to
multi-millions. He has directed multiple engagements in all facets
New Uses and Benefits of Captive Insurance
326
INSURANCE AND RISK MANAGEMENT
Kyle Mrotek, FCAS, MAAA/Actuarial Advantage, Inc.
Philip Tortorich, JD/Katten Muchin Rosenman LLP
Captive insurance arrangements are no longer the domain of strictly
larger entities. Now middle market and even smallish businesses can
realize the powerful risk management, financial, and tax benefits of
captive insurance.
Kyle Mrotek is an actuarial consultant specializing in property/
casualty exposures. For 15 years Mr. Mrotek has provided actuarial
services to a variety of self-insured entities in various industries. He is
a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries.
Phillip J. Tortorich is head of Katten’s Captive Insurance practice.
He advises wealthy individuals and closely held companies on the
creation and management of captive insurance programs, as well as
tax and estate planning matters.
Transforming Your Business: Achieving A/R
Automation
327
Andy Ai/PNC Bank
Betsy Straw/Regal Beloit
A major corporate strategy in recent years has surrounded process
improvement initiatives to achieve a best in class receivables and
cash application system. Regal Beloit engaged in a business transformation project in 2011 and since, has created a simplified approach to
this often challenging task. Join us for a discussion of the receivables
industry and how your organization can utilize available resources and
benefit from an automated collections process.
Andy Ai consults with corporate clients to develop innovative solutions to meet their complex needs. He is also responsible for interfacing with sales and product development groups to leverage business
intelligence and develop innovative products and solutions that meet
client and industry needs.
Betsy Straw is the Treasury Manager at Regal Beloit Corporation.
She has 20 years of experience in liquidity management, tax, system
administration and operations from several Rockford area companies.
Ms. Straw manages all International and U.S. cash, debt, A/R, credit
card programs, and assists with hedging.
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Convenience vs Risk: What Technology Allows Us To
Do and the Information We Give Up To Use It
SESSION FOUR
328
Treasury as a Strategic Partner: Creating New Value
in the Organization
Scott Manley/Citizens Commercial Banking
202
Hear about the latest trends in technology, such as mobile apps,
social media, the Internet of Things (IoT) and the cloud, and how
they are being used by people and organizations to make our lives
more convenient. However, use of these solutions comes with a
price—your information is easily obtainable by fraudsters. In addition
to technology, we will cover trends in fraud and what you and your
company can do to mitigate your risk.
ADVANCED
As head of online and mobile products, Scott Manley is involved
in the conceptualization and implementation of emerging technologies and solutions for commercial clients. He has more than 15 years
of experience in multiple industries and has created numerous
e-commerce platforms and electronic banking products, one of
which has a patent.
Revolutionize Your B2B Receivables
329
Seth Blacher/Wells Fargo
John Christiansen/NES Rentals
With 50% percent of business-to-business payments now electronic,
payees receiving ACH and wire payments are struggling with how
to apply them. In the paper environment, you could lean on lockbox
processing or remittance information included with the payment.
Now remittance information is delivered separately, if at all. Hear how
NES Rentals Holdings tackled this problem and revolutionized their
receivables. Information about available e-receivables solutions will
help you determine which might be right for your organization.
Seth Blacher manages the Electronic Commerce Services product
team whose goal is improving efficiency in business payables and
receivables processes. A 13-year veteran of Wells Fargo, he earned an
MBA in Finance and Accounting from University of California, Davis
and a BA in Comparative Literature from University of California,
Santa Cruz.
At NES Rentals, John Christiansen helped drive the formation of a
centralized Shared Services Center to support the company’s branch
network. Mr. Christiansen joined NES Rentals in 2004 as Accounts
Payable Manager, was named Shared Services Manager in 2009, and
assumed his current role of Director of Shared Services in 2011.
3:00 P.M – 3:50 P.M.
3:50 P.M. – 4:40 P.M.
Bob Stark/Kyriba Corp
Organizations now look to treasury to provide financial and
economic analysis, and offer strategic insight. Treasury can no
longer be a functional role, and now needs to be a strategic partner,
supporting multiple business units throughout the organization.
Participants will learn how to make their treasury department a true
partner to the organization. The presentation will highlight the key
steps towards reaching strategic treasury, including productivity,
financial controls, global visibility, effective financial decisions and
finally treasury as a strategic partner.
Bob Stark is responsible for global product strategy and market
development at Kyriba. He is a primary interface with Kyriba’s
executive team, driving corporate strategy and product development,
and identifying opportunities to deepen client success. Mr. Stark is a
17 year veteran in the treasury technology industry having served in
multiple roles at Wall Street Systems, Thomson Reuters, and Selkirk
Financial Technologies.
Aiming for Quality in Technology Investments
203
BANKER TOPICS
James Carlini, MBA/Carlini & Associates
Executives need to understand how to strategically apply technology
to the enterprise. In today’s environment, traditional banks need to
understand the new applications of smartphone technology from
digital wallets to other consumer apps as well as the mission critical
networks that support them. This presentation will focus on quality
issues that sometimes are overlooked by those too focused on price
and not focused on quality investments.
James Carlini is author of LOCATION LOCATION CONNECTIVITY:
Next-Generation Real Estate, Intelligent Infrastructure, and the Platform
for Global Commerce. He taught for two decades as an award-winning
adjunct professor at Northwestern University in both the Executive
Masters and undergrad programs. Mr. Carlini is a consultant on
mission critical networks, trading floor and wireless technologies.
Treasury’s Leading Role in Enterprise Risk Management
204
Exhibit Hall
Kevin Ruiz/Treasury Strategies, Inc.
SPONSORED BY CHASE
Corporate Treasury increasingly assumes added roles and
responsibilities, driving organizational performance and success
with robust risk management capabilities. As a result, treasury is
often tasked with leading Enterprise Risk Management (ERM) efforts.
Treasury Strategies, Inc. discusses what companies can do to identify,
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assess and address risk, including adding new duties. We consider
leveraging required tools, skills and capabilities within treasury to
enable enterprise risk management initiatives and to effectively
manage and prepare for changes regarding commodity risk, currency
risk, political change and regulatory uncertainty.
Kevin Ruiz, Principal at Treasury Strategies, Inc., has more than 15
years of experience consulting on treasury and risk management in
public/private sectors. Formerly at a “Big Four,” he was responsible
for finance/enterprise risk management, and served as a Senior
Analyst at the Illinois State Office of Management and Budget
Mr. Ruiz has an MA in International Policy from Monterey Institute
of International Studies, an MBA in International Economics/Finance
from Loyola Chicago and a BA from University of Kansas.
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and delivering investment solutions to multinational corporations and
public entities for their operating assets. An employee since 1995,
Mr. Metzler has experience working with institutions and individuals
within JPMorgan’s Debt Capital Markets and Private Bank businesses.
He holds a B.S. in finance from Rutgers University and an M.B.A from
Fordham University.
Rick Sabones, Executive Director, is head of the Liquidity Solutions
team within J P Morgan’s Treasury Services Group. He is responsible
for a team of Product Sales Specialists delivering global investment
and liquidity solutions to Commercial Bank clients in the Western
Hemisphere. He previously spent 22 years at Citigroup, serving as
Director of Liquidity and Investment Product Sales for North America.
Mr. Sabones holds a B.S from Purdue University and an MBA from
Case Western Reserve University.
Non-Bank Payment Systems Revolution
205
CARD PAYMENTS
Kevin Connelly/The RWC Group
This session will explore how the evolution of PayPay, BitCoin
and other non-bank based payments such as Four Square, Google
(Wallet) and others, are revolutionizing the payments systems. We
will also review the current status of the ever growing and evolving
mobile wallet offerings and how new innovative technologies such
as NFC embedded smart phones and low energy Bluetooth devices
such as iBeacon are driving the relentless march toward a checkless,
cashless society. Impacts to the payments system stakeholders
including consumers, corporations, banks and FinTech companies
will be discussed.
Kevin Connelly is EVP at The RWC Group and President and Founder
of Treasury Technologies, LLC. He earned his B.B.A. in Finance at the
University of New Mexico. Mr. Connelly has spent the last 23 years
working in the financial institution and payment system industries.
He worked for Trintech, KC Consulting, Commerce Bank, Carreker
Corporation, Bank of California, First Interstate Bank, Coast Savings
and Loan and Glendale Federal Bank.
Review: Financial Statements, Analysis and Decisions
323
CTP
ETM4 – Ch 18: Financial Accounting and Reporting
ETM4 – Ch 19: Financial Planning and Analysis
ETM4 – Ch 20: Financial Decisions and Management
This session will cover the basics of financial planning and analysis,
as well as other key financial and acounting concepts. The standard
financial statements are outlined as well as the use of ratio analysis to
determine the financial health of the company. In addition to financial
analysis, this session will discuss performance measures such as
return on investment, residual income and Economic Value Added
(EVA). The session ends with a discussion of financial decisions and
management in the treasury area.
206
Thomas Metzler/J.P. Morgan Asset Management
Rick Sabones/J.P. Morgan Treasury Services
Supercharge Your Electronic Payments
Big Changes Coming: The Impact of Basel III on Your
Short-term Investments
Basel III regulations will redefine global standards for bank capital,
liquidity and leverage, which will have a profound impact on how
corporate liquidity managers execute their short-term investment
strategies. Experts from J.P. Morgan will provide a 360-degree
perspective on the coming changes, including how banks will treat
deposits under the new rules and how markets will be impacted. They
will also share insight into how organizations can effectively structure
their portfolios and develop new strategies to take advantage of future
investment opportunities that will emerge as a result of Basel III.
Thomas Metzler, Managing Director, is head of the America’s
Corporate Sales Team for J.P. Morgan Asset Management’s Global
Liquidity business. He and his team are responsible for advising on
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CORPORATE FINANCE
Alan Dupree, AAP/Federal Reserve Bank of Atlanta
Jeff Thorness/Forte Payment Systems
Are you ready to take your Business-to-Business (B2B) payments
to the next level? Companies and government entities of all sizes
continue to convert to electronic payments. The trend is accelerating
as new options continue enter the market. Come to this session
and gain valuable new insight from the Federal Reserve and AFP
payment surveys. Speakers will share a case study and lessons
learned of how one company successfully converted their payments
to electronic options.
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Wednesday, May20, 2014
Alan Dupree has nearly 30 years of information technology, payments, and financial services experience. He currently serves the
banking industry as a product director at the Federal Reserve Banks’
Retail Payments Office. Mr. Dupree is responsible for identifying the
needs of the industry and delivering innovative solutions to meet
these needs and possesses a unique blend of knowledge in the technology, payments, and business arenas. He has a degree computer
science and an AAP certification.
Jeff Thorness, founder and CEO of Forte Payment Systems, is a developer by trade. He has crafted Forte as a technology company focused
on providing payment solutions to merchants, developers, and integrated partners. The omni-channel payment provider now serves over
27,000 merchants and processed over $19 billion in 2014.
Trends in Treasury Management
325
BANKER TOPICS
Larry Forman, CCM/Ernst & Young LLP
After providing a brief background on the CMS Survey, we will
discuss overall revenue growth rates by bank segment. This will be
followed by data on the growth rates and revenue contributions of
each major product line. This will include a near-term forecast, as
well as discussion of various factors that are impacting the cash
management business such as the economy, interest rates,
technology and customer preferences.
Larry Forman is an Associate Director with EY’s Financial Services
Office in New York. He has directed the annual EY Cash Management
Services Survey for over a decade and communicates with many cash
management executives on a regular basis.
FX Hedge Programs, The Complete Picture:
Understanding Economic and Accounting Risk
326
Sandra Koch/Hedge Trackers
For U.S. companies with international activity there is economic
risk associated with non-USD transactions. Companies are under
pressure to develop hedge programs to protect both revenue and/or
costs from currency rate movements. Unfortunately, accounting rules
can turn an economically effective hedge program into an income
statement disaster. Using a case-study approach this session will help
attendees understand the interrelationship between FAS 52/ASC 830
and FAS 133/ASC 815 and the limitations of hedge accounting.
We will also explore alternative approaches used by multinational
companies to address these limitations.
Sandra Koch has wide-ranging experience in both foreign currency
and commodity risk management, helping clients implement and
organize cash flow and balance sheet hedging programs and
strategies. She works regularly with clients on derivative
accounting setup and support. Prior to Hedge Trackers, Ms. Koch
spent seven years with Tellabs, Inc. as Senior Finance Manager
and Business Unit Controller. She graduated from Indiana University
with a B.S. in Business Finance.
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Financial Services Roadmap for International Business
327
Andre Trudell/UMB Bank
As your organization moves through the business lifecycle, international expansion often becomes a strategic consideration. In this
session, your speakers will begin with an overview of events, trends,
and challenges in doing business abroad. Next, while walking you
through the stages of corporate existance, the speakers will provide
insight into key decision points for managing interest rate and
currency risk, and what to look for in financial services.
Andre Trudell is the Director of Capital Markets, where he is responsible
for executing the strategic vision of syndicated loans, derivatives and
alternative financing to commercial customers. He earned a Bachelor
of Science in Business Administration degree from the University of
Kansas. Mr. Trudell also holds Series 7, 52 & 53 licenses.
Understanding and Managing Costs Within Your
401 (K) Plan
328
INVESTMENTS
Travis Newman/DeMarche Associates
As Defined Contribution (DC) Plans continue to become a larger
portion of most organizations’ retirement platforms, it is incumbent
that Plan Sponsors understand the direct and indirect costs associated with these programs--especially with the numbers and complexity
of new investment products available.
Travis Newman is a DeMarche consultant specializing in custom
research, performance reporting and attribution. He is co-leader
of DeMarche’s Mutual Fund Committee that reviews and analyzes
investment products to assure they meet the risk/return criteria for
client consideration. Mr. Newman holds a BSBA degree from the
University of Kansas and is pursuing the Chartered Financial Analyst
(CFA) designation.
A Holistic Approach to Counterparty Credit Risk
Management
329
Mehna Raissi/Moody’s Analytics
Prarthna Kapur/Moody’s Analytics
In recent years, global corporations have increasingly focused on
credit and counterparty risk management. The implications of poor
credit risk management can be substantial, resulting in supply chain
disruptions, bad debt exposure, lack of liquidity, pricing discrepancies,
loss reserve challenges, or transfer pricing issues. This session will
review best practices in identifying credit risk challenges and
the importance of data quality, determining credit worthiness and
implementing limits management, applying early warning techniques
and setting monitoring triggers, and managing credit risk for both
public and private firms.
Mehna Raissi is a Director in Product Management in the Enterprise
Risk Solutions group with Moody’s Analytics and has been with
the firm for over six years. She manages the RiskCalc™, CMM™
(Commercial Mortgage Metrics) and LossCalc™ solutions and is
responsible for the management and product innovation of these
premier credit risk management tools. Ms. Raissi completed her
Bachelors in Managerial Economics from UC Davis, and her MBA
from University of San Francisco.
Prarthna Kapur is a Product Strategist in the Content group at
Moody’s Analytics based in New York. She is responsible for the
business development and marketing for the CreditEdge® product.
Prior to joining Moody’s Analytics, Ms. Kapur spent over five years in
consultant relations at an asset management firm. She holds a BA in
English Literature from Bowdoin College.
OPENING RECEPTION
4:45 P.M. – 5:45 P.M.
Exhibit Hall, Festival Hall B
SPONSORED BY
ARIBA, AN SAP COMPANY
8:30 A.M. – 9:20 A.M.
Architecting Treasury Technology to Your
Business Requirements
202
Craig Jeffery, CCM, ACH Professional/Strategic Treasurer
The role of the treasurer has changed dramatically in the last five
years as the financial crisis has driven enterprises to demand both
greater efficiency and transparency to their global financial positions.
In response, many organizations are considering investments in
treasury technology. The choice of which product or service,
however, requires an understanding of the changing role of treasury
and the myriad of potential solutions. What’s more, it’s critically
important that treasury and finance professionals understand that
not all technology offerings have the same capabilities and that the
‘obvious choice’ may not be their best choice.
Craig Jeffery formed Strategic Treasurer, LLC in 2004 to provide
corporate, educational, and government entities access to comprehensive assistance with their treasury and financial process needs.
His 25 years of financial and treasury experience as a practitioner
and as a consultant with various financial institutions have qualified
him to help organizations craft realistic goals and achieve significant
benefits quickly.
AND
BEVERAGE SERVICE SPONSORED BY
DBS BANK LTD.
SOCIAL MEDIA
NETWORKING EVENT
SESSION FIVE
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Wednesday, May 20, 2015 & Thursday, May 21, 2015
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6:00 P.M. – 7:00 P.M.
Sheraton Chicago Hotel & Tower - ChiBar
Best Practices to Optimize Cash Visibility
203
THURSDAY, MAY 21, 2015
Continental Breakfast
Dirk Avau/IntellectEU
Elizabeth Rytych/RR Donnelley
7:30 A.M. – 8:30 A.M.
SPONSORED BY BNY MELLON
7:30 A.M. – 12:10 P.M.
Exhibit Hall Open
Festival Hall B (Closing for lunch by 12:10 P.M.)
8:00 A.M. – 10:15 A.M.
Money Museum Tour 1 – Chicago Federal Reserve
ADVANCE REGISTRATION REQUIRED
8:30 A.M. – 10:15 A.M.
Money Museum Tour 2 – Chicago Federal Reserve
SWIFT Corporate Connectivity within Standardized Corporate
Environment (SCORE) is popular among corporations willing to
implement a bank agnostic solution to manage all bank relationships
simultaneously. For those banks not delivering the bank statements
through any SWIFT channel (be it messaging or FileAct) there is still
the option to have peer-to-peer connectivity with the necessary
format conversions to get the full visibility on cash globally.
Dirk Avau is CEO of IntellectEU, SWIFT business partner for the
USA. With many years of experience in the IT and finance industry,
he co-created IntellectEU to serve major financial institutions and
corporates around the globe in terms of financial messaging software
and integration Mr. Avau has a Master of Science and Engineering
and also has an MBA in International Business Management.
Throughout his career he has closely been involved with numerous
financial organizations in different functions.
Elizabeth Rytych is a Treasury Analyst with RR Donnelley. Her
responsibilities consist of liquidity management, mitigation of operational risk, and the initiation of payments. Prior to her experience with
RR Donnelley, Ms. Rytych worked with IntellectEU where she learned
the aspirations of many Corporate Practitioners in the Treasury
department and assisted them in reaching those goals as the economic
environment continues to advance. She holds a graduate degree in the
School of Business, Finance from Northern Illinois University.
ADVANCE REGISTRATION REQUIRED
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eBAM and FBAR 101
204
Staying Afloat in a Sea of Rising Rates, Money Fund
Regulation and New Investment Policies
206
Warren Davey/GTreasury
Stacy Rosenthal/SWIFT Americas
Every treasury department is faced with the issues of how to actively manage and maintain the accuracy of their banking data. With
industry trends such as signatory management, BAM & eBAM and the
added complexities of FBAR reporting, it is important to have a sound
understanding of these issues and what is happening as it pertains to
each. We will discuss what banks are currently available for eBAM as
of today and what types of messages are being sent/received; how
and what banks are able to onboard into your systems; and some best
practices for BAM and FBAR.
Warren Davey currently oversees GTreasury’s strategy, marketing,
and business development operations. He has more than 15 years’
experience in the technology and treasury markets. Previously, he
had a variety of roles with Selkirk Financial and Thomson Reuters,
including consulting, account management, and a variety of executive
roles. Mr. Davey’s breadth and depth of experiences within treasury
and technology have propelled him to become one of the main
subject matter experts in this industry.
Stacy Rosenthal is focused on payments strategy and solutions for
the corporate, correspondent banking and market infrastructure
landscape. Ms. Rosenthal joined SWIFT in early 2008 from Bank of
America; while at SWIFT she has been working on key initiatives in
payments, compliance, reference data and business intelligence.
Strategies for Financing Receivables
205
Buddy Baker/Fifth Third Bank
Learn how to better negotiate and structure commercial sales into
domestic and foreign markets in order to simultaneously increase
sales, limit risks, and improve cash flow and balance sheet ratios.
Examine tools that enable otherwise intolerable transactions by
limiting payment and performance risks and tapping funding sources
that are specifically designed for receivables financing and export
sales. This session explains the motives of the seller, the buyer, and
the seller’s bank and then compares structures in order that attendees
can craft an appropriate structure for each transaction they encounter.
Buddy Baker is a recognized expert in trade finance and a long-time
member of the national Letter of Credit Committee. He serves as a
Director of the Association of International Credit and Trade Finance
Professionals (ICTF) and as an Advisor to the Institute for International Banking Law & Practice. Mr. Baker designed the certification
programs for the Registered Global Credit Professional and Certified
Global Credit Executive designations. He earned his BA at Yale and
his MBA at Northwestern.
Deborah A. Cunningham, CFA/Federated Investors, Inc.
Anthony Carfang/Treasury Strategies, Inc.
Brian Ronayne/Federated Investors, Inc.
What is the current state of the money-market industry from a
regulatory and a rate perspective? Ms. Cunningham will talk about
how today’s cash-management landscape compares to conditions
before the Great Recession and how it might look in the future as
rates rise and new rules are applied. Mr. Ronayne will speak about
emerging investment products that could serve as alternative
options to institutional prime and tax-free money-market funds.
Mr. Carfang will offer guidance and recommendations for how
treasurers might modernize their investment policies.
Deborah Cunningham is chief investment officer for global money
markets and a respected authority on cash management. After joining
Federated in 1981, she became a portfolio manager of both prime and
government funds. Ms. Cunningham has guided the efforts of the
taxable money market team and, more recently, the municipal team.
A CFA charterholder, she earned her MBA from Robert Morris
University and Bachelor’s from Duquesne University.
As a Partner of Treasury Strategies, Inc., Tony Carfang sets the strategic
direction of the firm and works with our consulting practice areas to
help our clients achieve their business objectives. He helped guide
many of the world’s largest banks and securities firms to position their
services effectively in the marketplace. Mr. Carfang received his MBA
from Northwestern University and BS from Duquesne University.
Brian Ronayne is Senior Vice President and Head of Capital Markets,
Institutional and Retail Cash Management for Federated Securities
Corp. The Loyola University graduate joined Federated in 1991 heading Mid-Atlantic Broker/Dealer sales.
Review: Review of Basic CTP Calculations
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CTP
Overview of CTP Math
Tips and Techniques for Approaching CTP Math
Taking the Fear out of CTP Math for “Mathaphobes”
This session provides an overview of CTP math. It will not be the first
time formulas and calculations are introduced. Any math associated with the relevant topics covered in the earlier sessions will have
already been discussed in context. The difference is that this session
will focus on the more challenging formulas and calculations found
throughout ETM4. We will also address overcoming the “fear factor”
for those CTP candidates who have had little exposure to financial
mathematics or for whom it has been decades since they last took a
college course involving financial formulas and calculations.
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Leasing - Reducing Risk, Reducing Cost and Increasing
Financial Flexibility
There are more than 1 Trillion dollars in equipment leasing volume
with 16 million equipment lease contracts on an annual basis in the
U.S. If you read any of the leasing industry magazines the lessors
are making double digit returns – at your expense. This session is
designed to educate and provide specific details for anyone involved
with managing a lease portfolio. This course covers every phase of
managing a lease from contract negotiations, pricing, flexible
optionality, and end of term management.
Automation of Cash Application at Federal-Mogul
Holdings Corp.
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CORPORATE FINANCE
Moussa Soukal/Hanse Orga International Corp.
Fran Parsons/Federal-Mogul
Leading global manufacturer Federal-Mogul Corporation has greatly
automated its cash application processes through the incorporation of
specialized technology. Learn in their practitioner’s session how
to complete an ambitious financial software project in only 9 months
and realize 40 % productivity gains. Discover how Federal-Mogul
Corporation has achieved straight-through processing by utilizing
technology that automates processes and thus giving them the
capability to efficiently handle large volumes of diverse payment
information. In-turn resulting in maximum efficiencies and cost savings.
Moussa Soukal is Managing Director of Hanse Orga International Corp.
Most recently, he was Head of Presales for the European business of
Hanse Orga AG. He received his Master of Economics, Finance and
Capital Markets from INSEEC Paris Business School and a B.S.E. in
Finance and Economy from the University of Lyon.
Fran Parsons has 10 years of experience within accounts receivable
at Federal-Mogul. Her specialty is accounts receivable process improvement, she is experienced in cash application, dispute
management, collection activity and credit management.
The ‘Better Mouse Trap’ Approach for Treasury Fails
325
PROFESSIONAL DEVELOPMENT
Larry Marks/Marks & Associates
The session will teach why most great ideas fail because of their
presentation. Most treasury staff have no idea how to successfully
explain their ideas in a way that is compelling, easy to understand and
beneficial. The session will teach how to create great ideas and get
them approved.
Larry A. Marks is President of Marks & Associates, Inc. With more
than 30 years of training and consulting experience in financial
services, marketing management, strategic and tactical planning, and
product development, Mr. Marks is considered one of the leading
experts in the country on cash management as well as being a highly
regarded trainer.
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Jim Cross/Blue Sky Capital Strategies, LLC
Over the past 15 years Jim Cross has been instrumental in developing
Managed Lease Advisory programs with nearly one billion dollars of
leases under management. He has developed processes, procedures
and best in class contract terms and conditions for every facet of
leasing to help clients save money, mitigate risk and realize the
benefits of equipment leasing vs ownership. Mr. Cross has extensive
experience in negotiating contracts and lease structures that deliver
best in class terms, conditions and savings.
Shifting T&E Card Success into High Gear Utilizing
Travel Data Analytics
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CARD PAYMENTS
Jack Reynaert/Meritor Corporation
Rosemary Susalla/Fifth Third Bank
This presentation will offer best-in-class recommendations for managing successful T&E program: utilizing tracking and reporting metrics
to drive performance benchmarking; determining key performance
indicators; maximizing card adoption; and identifying opportunities
for cost savings.
Jack Reynaert joined Meritor Corporation in February 2011, as
the Manager of Global Travel. In his tenure with Meritor he has
implemented changes to Global Travel agencies and data reporting
methodology and his responsibilities have expanded to encompass
credit card, meeting management and aircraft charter. Mr. Reynaert
has served as President of the Michigan Business Travel Association
multiple times.
Rosemary Susalla is Vice President and Team Lead of the
Supplier Optimization team at Fifth Third Bank. Ms. Susalla’s team
is responsible for the bank’s new card growth and expansion of
existing card programs. She has significant Treasury Management
experience and her key strengths include looking at the needs and
developing solutions from the client’s perspective and designing
payment strategies to increase efficiencies and cost savings.
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ACH Rule Changes for 2015 and Beyond
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and concerns, product verification and moving to post-implementation
BAU environment. The session will also include a case
study review.
BANKER TOPICS
Luann Kohlmann, AAP, NCP/PAR/WACHA
2015 will be a year unlike any other in the ACH Network. Nine recently passed ballots will change the way return rates are measured
and implement fees for those returns. Third Party issues are also
a hot topic in the rule changes for 2015. This session is a must in
order to avoid unnecessary rules violations, customer dissatisfaction
and financial losses due to non-compliance with the ACH rules.
We will take a look at all the NACHA Operating Rules changes and
updates.
Luann Kohlmann serves as the Vice President at PAR/WACHA.
She joined the PAR/WACHA team in 2003 and is responsible
for development and execution of association member programs,
including education, conferences and publications. Ms. Kohlmann
also conducts ACH Audits and Risk Assessments. She has been an
Accredited ACH Professional since 2002 and became a National
Check Professional in 2011.
I Thought We Were Hedged: Understanding FX Gains
and Losses on the Income Statement
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Sandra Koch, CCM/Hedge Trackers
Balance sheet hedge programs can be deceptively easy to implement
but when the net results are not zero it can be challenging to explain
what went right and what went wrong. Treasury’s ability to effectively
explain gains and losses in the income statement is critical to the
overall success of a hedge program. This session will provide a
comprehensive overview of the eight sources of FX gains/losses, and
how to identify activities that should not be in there to begin with.
Sandra Koch has wide-ranging experience in both foreign currency
and commodity risk management, helping clients implement and
organize cash flow and balance sheet hedging programs and strategies.
She works regularly with clients on derivative accounting setup and
support. Ms. Koch graduated from Indiana University with a B.S. in
Business Finance.
SESSION SIX
9:30 A.M. – 10:20 A.M.
John Deschamps is the National Implementation Executive for Chase
Commercial Banking. He leads a team of implementation professionals who are accountable for the installation of comprehensive cash
management solutions across the globe. Mr. Deschamps has held a
number of roles at Chase including Global Contract Management,
Implementations, as well as executive positions in both Chase Auto
Finance and Chase Home Lending.
Making the Connection with One Card Solution
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CARD PAYMENTS
Robert (Bob) Hern/Bank of America Merrill Lynch
Kyle Heintz, CPA/Hollister Incorporated
Whether your company is multinational or venturing abroad for the
first time, you need useful ideas on how to reduce the costs of global
payments, increase visibility and control of global cash. Improve your
purchasing power with one global card. Learn how to best prepare for
the decisions, steps and groundwork that will help you be successful in
rolling out a global travel card program.
Bob Hern is the Product Sales and Account Management Executive for
Commercial and Public Sector Commercial Card and Comprehensive
Payables for Bank of America Merrill Lynch, responsible for leading
business development and relationship management activities. He
has more than 20 years of experience providing treasury/commercial
card solutions to corporate, public sector, and financial services
industries. He holds an MBA in Finance from Loyola University of
Chicago and a Bachelor of Science in Business Administration from
Valparaiso University.
Kyle Heintz has worked in treasury and accounting departments
throughout his career with responsibilities spanning risk management,
banking, and the accounting consolidation. As part of his current role,
he leads Hollister Incorporated’s global credit card program.
Mr. Heintz graduated from the University of Illinois with Bachelor
of Science degrees in both Accounting and Finance and is a
registered CPA.
Social Media Has Changed the Treasury Recruitment
World Forever
204
Implementation Best Practices Every Treasurer
Should Know
202
John Deschamps/Chase Commercial Banking
This session will cover how treasurers can best prepare for a
successful implementation, including business and technical resources;
expectations of your partners; scope of work; timing of deliverables;
technical requirements and documentation. The audience will also
learn best practices for a successful implementation experience,
including understanding roles and responsibilities, the project
life-cycle, intra-project communication, effectively managing issues
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Mike Richards/MR Recruitment LLC
Finding your next treasury position or next recruit seems more
complicated than ever. Don’t worry! This session will guide you
through the world of treasury recruitment. In an intensely competitive
market for both employers and job seekers Mr. Richards explains
what you need to do to stand out, and offers advice about LinkedIn.
He explains how clients need to move away from the “ME – MindSet” to make themselves attract the best talent and offers invaluable
treasury recruitment market advice along the way.
Mike Richards is the President of MR Recruitment, the specialist
treasury recruitment company. Based in Chicago, MR Recruitment
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LLC recruit treasury professionals from Treasury Analyst to Global
Treasurer globally. Mr. Richards has more than 20 years’ treasury
recruitment experience and prior to establishing MR Recruitment in
2002 he worked for executive search firm Heidrick and Struggles.
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Review: Money Markets
323
CTP
Economic Outlook: Still Hazy After All These Years?
205
ETM4 – Ch 05: Money Markets
ETM4 – Ch 11: Short-Term Investing and Borrowing
ADVANCED
Michael Gregory/BMO Financial Group
For years, the North American economy has been on the cusp of
strong, steady growth – yet outcomes have remained historically underwhelming. As a result, the economic performance and associated
uncertainty have kept organizations and financial executives on edge.
But new data shows that the factors that have restrained growth –
household deleveraging, government restraint, and low business and
consumer confidence – are shifting. This presentation will explore
how these changes – as well as other emerging economic trends – will
impact interest rates in the coming months and years, and provide
food for thought on how organizations can plan today.
Michael Gregory is Deputy Chief Economist and Head of U.S. Economics for BMO Capital Markets. He manages BMO’s forecasts on
global interest and exchange rates, along with the North American
economies. Mr. Gregory also works very closely with the U.S. and
Canadian fixed income sales and trading desks, with responsibility for
macro-strategic research on central bank policies and credit research
on the Canadian government sector.
Payables: Navigating the Payables Race to Achieve
Maximum Control, Speed, and Efficiency
This session opens with a discussion on the basics of money markets
and how they function. The session continues with coverage of the
different money market instruments and techniques used for the
short-term working capital needs of the company. Also included is
coverage of short-term financing from the borrower’s perspective,
including calculation of the costs on bank lines of credit and
commercial paper.
The Impact and Risks to Your Bottom Line Associated
with the Proliferation of Internet and Electronic Fraud
324
CORPORATE FINANCE
206
Adam Kruis/U.S. Bank
The A/P landscape is changing, and so are the strategies and options
for creating a fine-tuned payments engine. Successful companies are
learning how to drive enhanced control, speed, and efficiency into
their payables process. This presentation explores the best practices
and trends that will help companies jump ahead of the pack. Join us
and learn how to develop your payment strategy to drive efficiency,
optimize working capital, and turn your AP into a profit center.
As a Working Capital Solutions Consultant, Adam Kruis helps
companies optimize their cash conversion cycle by providing tailored
consultations on their payables and receivables processes. As a financial optimization agent and process improvement specialist, Mr. Kruis
works with all levels of clients to streamline their processes, increase
controls and reduce costs through industry expertise and emerging
technologies.
Jim Van Lent, CAMS/First National Bank
Your company’s assets are under attack everyday. Jim will speak to
the impact and risks to your bottom line associated with the proliferation of internet and electronic fraud and the impact to American
businesses and individuals. He will also talk about ways to protect
your organization and your employees and ways the financial services
industry is helping you combat this ever-increasing issue.
Jim Van Lent is Director of Financial Crimes Investigation for
First National Bank. He is responsible for directing the Financial
Intelligence and Fraud Investigation Units, and oversees Compliance
with the BSA/OFAC regulations. Mr. Van Lent is a Certified AML
Specialist and former Certified Fraud Examiner. He has investigated
thousands of cases including major embezzlements, money
laundering, check, credit card, and insurance fraud.
Don’t Be a ‘Target’ for Merchant Fraud: Card and
Merchant Panel Discussion
325
Steve Furlong/First National Bank
Dawn Murray/FIS Global Merchant Services
Don’t be a ‘target’ for merchant fraud: Are you looking for defenses in
the battle with data thieves? Please join us for a panel discussion with
industry experts discussing the future of business credit cards and
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credit payment processing. We will focus on emerging technologies like
EMV Chips and how these changes will affect your business, such as
terminal upgrades or modernizing business credit card programs
Steve Furlong is the Senior Manager of Fraud Management for
First National Bank, working in the Consumer Bank Division.
He is responsible for Fraud Operations including Fraud Detection
and Prevention for the debit and credit card portfolios. Steve has
more than 20 years of financial services and banking experience,
focused on operations, fraud, and consulting.
Dawn Murray is a dynamic leader with more than 15 years’ experience
in Merchant Acquiring. She has extensive experience with building and
leading teams in all aspects of the Acquiring industry including relationship management, pricing, risk, onboarding, underwriting, conversions,
product, training, sales and strategic projects.
Naked Global Payments
Howard N. Forman, AAP is a Senior Vice President and is responsible
for the product management, product development, security, and
sales support functions for PINACLE® — PNC’s corporate online and
mobile banking portal. He has held leadership positions with national
industry associations and is the current chair of the NACHA Blue
Ribbon Panel.
Martin Tomczyk is the Treasurer for U.S. Venture, Inc. Prior to his
current position, he was the Senior Controller for the Energy Group of
U.S. Oil Co, Inc. and held an Audit Manager Position for Deloitte and
Touche. Mr. Tomczyk has a diverse background of accounting and
treasury experience related to internal controls, financial analysis and
process improvement initiatives as a leader for the finance department.
He received his degree in accounting from Marquette University.
Commercial Card - Fraud, Innovations, Accounts
Payable vs. Travel and Expense, Supplier Engagement
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Greg Leven/INTL FCStone Inc
Thiago Vieira/INTL FCStone Inc
Making global payments doesn’t have to be a headache. This session will
pull back the curtain and provide transparency on what truly happens
behind the scenes after you click “send.” Case studies will provide an
in depth knowledge about contracting for local currency, competitive
bidding, changing local currency regulations, just in time funding, reducing
correspondents, and trade execution systems. After this session, you’ll be
able to better evaluate how you send funds globally.
Greg Leven brings a unique perspective to the global payments space. His
work in the exotic currency markets puts a valuable spin on payments to
countries with less developed financial systems. Working with International Banks, Corporations, Micro Finance, and Aid and Development Organizations enables him to see the business from all angles. Often clients
come to him with unique situations regarding getting funds in and out of
difficult countries. Mr. Leven and his team resolve these issues.
With more than 10 years of FX experience, Thiago Vieira entered the
market at Merrill Lynch and managed Hedge Fund clients of the Prime
Brokerage trading desk. Prior to business development at INTL,
Mr. Vieira led the EM trading desk in NY and managed the group’s international banking infrastructure in LatAm and the Caribbean.
Cyber Crime Evolving: Understanding Cybercrime and
Online Banking Security Best Practices
327
Bob Zeena/Citizens Commercial Banking
Detrick Morrell/Citizens Commercial Banking
David Katsaros/Worldpay
A panel discussion regarding vendor enrollment and card acceptance
challenges, which hinder a programs growth. Understanding the vendor
point of view will help in formulating strategies that create a win/win
environment for both parties.
As head of commercial card product, Bob Zeena brings 20 years of
experience in the commercial and consumer marketplaces. His
prior experience includes American Express, Citi and MasterCard
Worldwide. Considered to be a subject matter expert in commercial
cards, ePayables and EMV, Mr. Zeena provides insight into the
success of card programs.
Detrick Morrell is Senior Vice President, Treasury Solutions with
Citizens Commercial Banking. He is a seasoned professional with
more than 20 years of experience in the financial industry, focusing on
relationship management and strategic sales within the business to
business segment.
David Katsaros is a VP of Commercial Accounts at Worldpay the exclusive merchant acquiring partner for Citizens Bank. He is responsible for
supporting Citizens’ Bank Mid-Market Commercial teams in the IL, OH,
Washington DC and out of footprint regions. Working with B2B, B2C
and B2Gov entities Mr. Katsaros has a strong knowledge base utilizing
level II & III data and how this technology can streamline a business’s
acceptance ecosystem. With over a decade of tenure he has encompassed what Worldpay’s tag line states…“Leaders in Modern Money.”
Howard Forman/PNC Bank
Martin Tomczyk/U.S. Venture
Improving Your Internal Processes: Aim for Best in Class
A Payment Optimization strategy may achieve significant cost
savings as organizations migrate from paper to electronic forms of
payments such as ACH and Virtual AP Cards Risk mitigation, operational efficiency, and working capital management are all aspects that
should be considered when looking at payment options. This session
will compare and contrast traditional business-to-business payment
methods (check, ACH, and purchasing card) to the relatively new
option of Virtual AP Cards.
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Paul Hyson/Wells Fargo
Do you suspect that the processes in your accounts receivable,
accounts payable, or treasury departments may not be optimal,
but you don’t know where to start to improve them? Are you
concerned that you’re at a competitive disadvantage because you’re
spending too much to operate your financial back office? Come see
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industry-wide and company-specific examples of the significant
payoff your company can realize from an internal review and investment in process improvement.
With more than 30 years of banking experience, Paul Hyson manages
Wells Fargo Treasury Management’s Technical Product Consulting
and Ethnography teams. He holds a B.A. in business from University of
Florida, an M.B.A. from University of North Florida, and a Certificate in
Banking from the Graduate Banking School of the South.
10:20 A.M – 11:10 A.M.
Exhibit Hall
SPONSORED BY ASSOCIATED BANK
SESSION SEVEN
11:10 A.M. – 12:00 P.M.
Payment Globalization: What You Need to Know So It
Doesn’t Hurt You
202
Steven Bernstein/J.P. Morgan
Recent innovations in payments have extended globally: from
Apple Pay to bitcoin and from mPesa to e-mail payments. This is a
comprehensive view of the factors that influence the growth of certain
payment types as well as an assessment of the risk and compliance
factors that ensure that payments adhere to globally responsible
models. Views of countries around the world, their dominant or
emerging payment types and the future growth will be assessed
and compared to the growth in the U.S.
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rate. With 20 years of corporate/transaction banking experience, she
has held leadership roles in client coverage as well as treasury product
for large corporate and middle market segments. She holds a Bachelor
of Arts from National University of Singapore and a Master Degree in
Banking & Finance from Nanyang Technological University, Singapore.
Arif Ahmed joined Littelfuse in March 2012. He is responsible for
acquisitions, treasury, investor relations and enterprise risk management. Mr. Ahmed has a B.A. in Economics and Political Science from
Northwestern University, a M.S. in Accountancy from DePaul
University and an MBA with honors in Finance and Accounting from
the University of Chicago.
Ron Beutow joined Aon in September of 1999 and oversees all phases
of Aon’s Global Treasury Operations and manages global liquidity in
100 plus countries. He and his team are responsible for liquidity
management initiatives that include obtaining and managing global
credit, analyzing and implementing tax-efficient capital structure and
dividend solutions as well as operational projects including implementation of a global treasury workstation. Mr. Beutow holds MBA and BS
degrees from DePaul University in Chicago.
Data Breaches: The Gunfight at the OK Corral
204
Data breaches are becoming an everyday occurrence in corporate
America and it doesn’t appear they’re going away anytime soon. It
seems like we live in the old west when towns were attacked and held
hostage by bandits. Is there any hope that the sheriff will impose the
law and save us? This session will review significant data breaches
in the last year, how they occurred, and what businesses can and are
doing to protect themselves.
Steven Bernstein serves as U.S. and Global ACH business development
manager for J.P. Morgan. He works extensively with clients across the
bank, providing solutions for ACH and electronic payments. Previously,
Mr. Bernstein worked within EDI, Check Processing and Institutional
teams. He is a frequent speaker at key financial services conferences
including AFP and NACHA. Mr. Bernstein is a graduate of Cornell
University.
Joe Vitale is Vice President and Senior Product Manager at MB
Financial Bank. He has more than 20 years’ experience with a primary
focus on Treasury Management product development and marketing. He also has managed several eCommerce solutions in his career
including ACH, Wire Transfer, EDI, F/X, and Information Reporting.
Asia in the Global Context: What Does It Mean For
Your Company?
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CARD PAYMENTS
Poh Bee Lin/Bank of America Merrill Lynch
Arif Ahmed/Littelfuse, Inc.
Ron Beutow/Aon
Asia will become increasingly important/relevant to your company’s
success in the future than it was in the previous 20 years. It is the fastest
growing region in terms of population and purchasing power. The ups and
downs of China and India may pose challenges, and investments in Malaysia, Thailand or Indonesia will need re-evaluation as the regulations and
geopolitical factors change over time. We will discuss ways of navigating
through Asia and engagement with local regulators where appropriate.
Bee Lin is a senior corporate banker covering large multinational corpo-
Liquidity Coverage Ratio: Another Paradigm Shift
Thrust upon a Treasurer’s Cash View
ADVANCED
Philip Flores/BMO Financial Group
Michael D. Lipinski/BMO Financial Group
Michael Garcia/LaSalle Investment Management
Liquidity Coverage Ratio (LCR) requires banks and their customers to
think of deposits as operating or non-operating. Treasurers will derive
more economic benefit if they have the ability to forecast their liquidity
needs. Predicting not only the total amount of cash they need to hold,
but how much to hold in each bank and type of bank account. This
session will give attendees a roadmap for keeping net cost/earnings
structure neutral given this major change.
As Senior Vice President and Head of Global Treasury Management
Business Banking Sales, Philip Flores is responsible for managing and
growing the business banking treasury management line of business.
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He also develops and implements the line of business strategy, building
new customer relationships and the overall financial performance of
the business.
Michael Lipinski is the Vice President within BMO Harris Bank,
Treasury & Payment Solutions, Product Management. He is responsible
for development and execution of strategies related to short-term
investment products. Over the past 21 years, Mr. Lipinski has held
several treasury positions within BMO Harris Bank.
Michael Garcia is the Vice President and Cash Manager at LaSalle
Investment Management. He develops bank relationships, establishes
accounts, implements treasury management solutions and processes
electronic transactions for LaSalle’s North American clients.
Mr. Garcia has also developed analysis schedules and fee analysis
models for LaSalle’s U.S. and Canadian banking relationship.
Liquidity Management in the New Era: Regulatory
Update
206
Jeff Avers, NASD Series 6,7,24,63,65/SunTrust Bank
Over the last eight years we have experienced unprecedented
turmoil in the financial markets. Many of the conventional liquidity
management techniques are no longer applicable… Dodd-Frank,
Money Fund Reform, the repeal of Reg Q and Basel III are upon us…
and bank deposits are king. This session will review insights from the
AFP Liquidity Survey, and the impact to banks and corporate treasuries
from Basel III, money fund reform, and Reg Q repeal.
Jeff Avers is a Liquidity Specialist delivering investment solutions to
corporate treasuries. In 2010 he led a steering committee tasked with
determining the implications of financial reform to SunTrust and has
been engaged as a conference speaker on this topic. His clients have
included dozens of fortune 1000 companies, major broker-dealers,
money fund families, and half of the top 20 US banks. Mr. Avers
received a Bachelor’s degree in Engineering Economic Systems and
an MBA from Georgia Tech.
Review: Capital Markets
323
CTP
ETM4 – Ch 06: Capital Markets
ETM4 – Ch 12: Long-Term and Capital Instruments
This session opens with a discussion on the basics of the long-term
side of financial and treasury management. The different types of
securities discussed include coupon bonds, convertible bonds,
preferred stock and different forms of common stock. The procedures
involved in the actual issuance of these securities are covered as
well as the role of investment bankers in the process. The session
continues with a discussion of the calculations involved in the pricing,
valuation and yields of long-term securities.
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Treasury Performance Management - Waste of Time
or a Necessity?
324
CORPORATE FINANCE
Daniel Perkins, CTP/Accenture
This sesion will discuss whether it is worth it to measure performance
for treasury and what key performance indicators should be considered. We will discuss Accentures’s survey of treasury KPIs. Case
studies of specific Treasury KPIs will be reviewed and how they can
be valuable to the treasury function and the overall management of
the clients’ organization will be discussed. We will share the details of
latest results of the survey in 2015.
Dan Perkins is a Certified Treasury Professional (CTP) with more than
25 years’ experience in both U.S. and global treasury management. He
is a Senior Principal and lead of Accenture‘s Treasury and Liquidity
Management Practice with deep skills in treasury business process,
systems selection and implementation.
This Ain’t Your Grandma’s Lockbox: A Receivables and
Remittance Solution in the 21st Century
325
Jill Driscoll/Roman Catholic Diocese of Madison
Kent Johnson, CPA/Paddock Publications, Inc.
David Schade/Wintrust Commercial Banking
Lockbox service started more than 60 years ago as a cost effective
receivables solution and to accelerate cash. Plagued by the payments
industry for years, the need for a more streamlined remittance process
seems overdue. Advances in technology have allowed lockbox
providers the ability to offer corporates robust capabilities with quality
remittance information, superior electronic payment acceptance,
and customized reporting. This session reviews how lockbox service
has evolved and explores ways corporates can take advantage of this
service to improve their process in the future.
Jill Driscoll has worked in a variety of capacities over her career but
mostly in the non-profit sector. She joined the Diocese of Madison,
Wisconsin in June of 2007, where she worked in the administrative
field prior to her promotion to associate director in 2009. Ms. Driscoll
accepted the challenge of director of the Office of Stewardship and
Development this past July.
Kent Johnson graduated from the University of Iowa in 1983 with
a Bachelor’s degree in business administration (Accounting) and
from Loyola University of Chicago with a MBA in Finance in 1989.
He is also a registered CPA. Mr. Johnson is currently SVP/
Treasurer for Paddock Publications, Inc., the publisher of the Daily
Herald newspaper and subsidiary publications and operations.
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David Schade is an Assistant Vice President at Wintrust Commercial
Banking and has been with the company for more than 14 years. He
starting working with treasury management in 2009 and is currently
working on his Certified Treasury Professional designation in order to
better assist clients with their needs.
Integrated Payables
Public Sector Treasury Integrated AutomationCase Study
Optimizing the mix of vendor payments can result in significant cost
savings; increased revenue; better terms; and reduced accounts payable administration and processing errors. In this session, attendees
will learn emerging approaches to analyze the relative benefits of
various payments mechanisms for improved cash management.
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Kas Henry, PhD, CTP/Chicago Teachers Pension Fund
Jim Bangert/Bradley Consulting Group
Today, the public sector financial viability calls for technology
integrated treasury and operational solutions to provide quality public
service given the ever shrinking resource availability. This case study
approach provides a blue print for how such integration could be
achieved by leading the audience through the process.
Dr. Kas Henry is a financial and performance management leader with
over 20 years of corporate experience and international exposure.
An educator, practitioner and award winning author, she is currently
focused on Public Sector operational efficiencies to drive financial
stability through her role as the CFO at a $10 Billion dollar Public
Pension Fund.
Jim Bangert is a client focused, solution oriented, consultative project
management professional with extensive expertise in systems design
and project management. He has 30 years of project management
expertise with over 18 years of experience in the Public Pension
Sector with special focus on business analytics for technology
solution optimization and collaborative project management for
timely operational execution.
Options are Good: A Strategic Perspective on
Driving Value from Payments
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Rita Ramachandran/Citizens Commercial Banking
Rita Ramachandran is a technical sales officer responsible for
comprehensive payables across the footprint. Previous roles include
more than 15 years at Bank of America Merrill Lynch in their Global
Commercial Bank and Financial Institutions Group, and 10 years at
The Chase Manhattan Bank.
Don’t Be Tomorrow’s Headline: Protect and Secure
Customer Data
329
Eric Lien/Wells Fargo
Target, Home Depot, Neiman-Marcus have all made headlines as
victims of data breaches. In this session, you’ll learn how to effectively
protect and secure receivables data and dollars throughout the cash
conversion cycle. We’ll discuss Payment Card Industry Data Security
Standards and what they mean to you. You’ll learn common causes
of data breaches and tactics to help mitigate these risks. You’ll take
away best practices to help protect your company and your customers.
Eric Lien’s focus with the Wholesale eReceivables Group is on helping
companies reengineer and optimize their payments infrastructures. In
ten years with Wells Fargo, he also has worked in Treasury Management Client Services and Corporate Banking. Mr. Lien holds a Bachelor of Arts degree from University of Wisconsin at Madison.
Jody Lutz/PNC Bank
A Payment Optimization strategy may achieve significant cost
savings as organizations migrate from paper to electronic forms of
payments such as ACH and Virtual AP Cards, Risk mitigation, operational efficiency, and working capital management are all aspects that
should be considered when looking at payment options. This session
will compare and contrast traditional business-to-business payment
methods (check, ACH, and purchasing card) to the relatively new
option of Virtual AP Cards.
Jody Lutz is a Senior Vice President in PNC’s Treasury Consulting
Group and primarily works with corporate clients in the evaluation of
comprehensive receivables and payables solutions. He has fourteen
years of experience with PNC, serving additional roles in product
management, sales management, and internal consulting.
Luncheon Speaker and
TMAC Academic Relations Program 12:10 P.M. – 2:00 P.M.
SPONSORED BY BMO HARRIS BANK
Pat McGann, Comedian
In 2007, Pat transitioned from packaging
salesmen to standup comedian. Soon after taking
the stage, he was booked to be House MC at the
historic Zanies Comedy Club. Hosting shows
helped Pat develop the ability and desire to work
any crowd. In 2010, Pat created and hosted the
Emmy nominated television show “The Chicago
Stand Up Project”. Pat has been invited to The
Great American Comedy Festival and Laugh Fest.
In 2013, Pat performed and presented at the Chicago/Midwest Emmy
Awards. He was also asked by The Chicago White Sox to write and
direct a comedy show with their players. Pat developed a special
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segment for the highly rated “Chicago Countdown New Year’s Eve
Special 2013” on ABC. He assisted Giordano’s Pizza with their
response to Jon Stewart and The Daily Show’s assault on Chicago
pizza, which resulted in Pat’s appearance on the late night program.
coaching, manages process excellence initiatives and projects. He has
several professional designations and currently is an American Society
of Quality Six Sigma Certified Black Belt. Mr. Lopez received his BA from
Augustana College and his MBA from University of Illinois at Chicago.
When he isn’t traveling the country working comedy clubs, Pat
appears regularly on Sports Talk Live (Comcast), Windy City Live
(ABC), Mancow & Good Day Chicago (Fox), WGN Morning News,
WGN-Radio & ESPN Radio.
Social Media - How to be Compliant and
Competitive Online
204
Dean DeLisle/Forward Progress Inc.
SESSION EIGHT
2:10 P.M. – 3:00 P.M.
Metrics Management: Measuring Success of a TMS
202
Andrew Blair/GTreasury
Kelly Toy/CUNA Mutual Group
The adoption rates of TMS have been growing over the years as more
and more practitioners refuse to operate in an Excel based world.
Despite the occasional horror stories, there is great value and efficiencies
to be gained from adopting or switching treasury technology tools.
You will learn of quantifiable measurable metrics that can help steer a
business case and illustrate the net results and benefits to a treasury
workstation.
Andrew Blair is currently an Account Manager at GTreasury. He is
responsible for creation and maintenance of client demographics,
overall client satisfaction, client ROI, and product feedback. Previously
Mr. Blair was a Solutions Analyst, where he worked closely with
clients to satisfy their treasury automation needs and ensure a
seamless transition into GTreasury.
Kelly Toy is currently a Treasury Consultant at CUNA Mutual Group.
She is responsible for implementing treasury initiatives to support the
banking services, payment and collection needs of the organization.
Previously Ms. Toy was an IT Business Analyst, where she worked on
requirements, testing and issue management for technology implementations including the implementation of GTreasury.
This session will address the rapidly changing online environment of
social networks and the constant challenge of keeping people within the
bounds of compliance while working to be competitive.
For more than 30 years, Dean DeLisle has demonstrated his ability to
accelerate companies, stimulate business development and make operations more efficient. Utilizing relationship marketing and social selling, he
harnesses the ever-evolving power of technology, paired with consulting,
coaching and training skills to implement sound business practices.
Treasury Strategies: Turning Rate Hikes to Your
Advantage
205
INVESTMENTS
Andrew Smock, CFA/Merganser Capital Management
Treasury professionals must consider available strategies to navigate
the impending rise in rates. This session will provide an interactive
look at how investment strategies have performed in previous rising
rate environments and will include: how to benefit from higher yields
in a rising rate environment, how to utilize different options for tier
two and tier three operating funds and scenario analysis for different
investment strategies during a rising rate environment.
Andy Smock joined Merganser in 2003 and serves as the President
and Co-Chief Investment Officer. Prior to joining Merganser, he was
a management consultant with the boutique consulting firm Sibson
Consulting Group. Mr. Smock holds the CFA designation and graduated with a B.A. from Northwestern University and an M.B.A. from
Massachusetts Institute of Technology.
What is Going on with ‘Quality’ - Lean, Six Sigma, BPM,
CI. What’s Going On?
STP – Streamlining Treasury Cash and Risk Processes
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206
Robert Lopez, CPA, ASQCSSBB, ChFc, CLU/
Allstate Insurance Co.
Warren Davey/GTreasury
Shan Anwar/Bloomberg LP
The goal of the session is to provide attendees an understanding of the
various quality methodologies (Lean, Six Sigma, BPM, CI, etc.) being
used by various industries today and which methodology is best for
their treasury and non-treasury challenges. Attendees will also leave the
session with ideas on how to identify situations to apply the appropriate
quality methodology, as well as easy to use tools and techniques that can
improve their operations today.
Every treasury department faces the same question: “How do I
minimize risk and maximize liquidity within my organization?”
=Treasurers work with organizational silos, remote subsidiaries,
unfriendly ERP systems, multiple bank portals and Excel spreadsheets.
All of this can lead to common errors, long work days and a constant
disconnect between funding, investment, and risk management decisions. There is a way to streamline your treasury processes and improve
operational effectiveness. We will discuss challenges of integrating cash
and risk management; solutions available today; and a case study.
Robert Lopez is a former CTP, with 7 years of corporate treasury experience. He is currently a process excellence expert in the financial services
industry. Mr. Lopez provides leadership process excellence guidance and
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Warren Davey currently oversees GTreasury’s strategy, marketing,
and business development operations. He has more than 15 years’
experience in the technology and treasury markets. Previously, he had
a variety of roles with Selkirk Financial and Thomson Reuters, including
consulting, account management, and a variety of executive roles.
Shan Anwar helps oversee Bloomberg’s corporate treasury practice.
Previously, he was with the General Electric Company, where he
managed derivative operations and accounting for GE’s $330 billion
derivative notional. Mr. Anwar was Deputy Controller of Derivative
Accounting for American International Group, Inc. and is a graduate
of GE’s Experienced Financial Leadership Program.
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Paul LaRock, CCM, has more than 20 years in corporate treasury
management/operations, with policy-making roles in collections,
disbursements and liquidity. He currently works with corporations/
financial institutions to develop strategic solutions in liquidity
management, merchant card processing and treasury technology
to increase operational efficiency. Mr. LaRock earned a BS in
Accounting/Finance from Eastern Illinois University and an MBA
from Northern Illinois University.
New Opportunities for FX Risk Management
325
Review: Cash Forecasting and Risk Management
323
CTP
ETM4 – Ch 13: Cash Forecasting
ETM4 – Ch 15: Operational Risk Management
ETM4 – Ch 16: Financial Risk Management
This session begins with a detailed discussion of cash forecasting,
focusing on the calculations involved in this area. The session continues with a general overview of risk management in treasury, including
concepts such as financial risk, operational risk and enterprise risk
management. The session concludes with coverage of the use of
financial derivatives such as forwards, futures, options and swaps in
the area of financial risk management. The focus is on how companies
use these instruments to hedge their exposures in various areas and
markets.
New Orleans and an MBA and PhD in Finance from Indiana University. He holds the CTP credential from AFP and the Cert ICM from the
Preparing Your Treasury For Basel III’s Long Reach
324
CORPORATE FINANCE
Paul LaRock, CCM/Treasury Strategies, Inc.
The LCR (liquidity coverage ratio) rule requires segregated demand
deposits, mandating their consequent treatment. Banking relationships will change. Operational deposits will be treated as they are today. Non-operational excess fund/rate-sensitive deposits not subject
to withdrawal limits will be discouraged by banks that must maintain
high-quality liquid asset backing (US government securities), causing
a drag on rates of return. This session provides insights based on
corporate, bank, institutional fund and technology vendor work into
how regulation impacts your treasury and what steps are needed to
redefine banking relationships.
Alison Fletcher/Bloomberg
One key trend amongst U.S. corporate treasuries of late has been to
consider the use of FX options in their hedging program. This session
will examine the essential analysis every corporate treasurer should
undertake prior to making this important decision taking into account
currency, mark-to-market versus hedging with forwards and your
own treasury policy. Further, we will examine hedge accounting
considerations. Lastly, this session we will look at using alternatives
for forecasting such as market sentiment when your currency is no
longer tracking economic fundamentals.
Alison Fletcher is a FX and Economics Market Specialist at
Bloomberg, New York. Prior to Bloomberg, she worked for 15 years
as a Corporate FX Risk Management Advisor in Sydney and London.
Ms. Fletcher has published articles in Global Treasurer News and
Bloomberg Markets Magazine and has been a speaker at the ACT
Singapore, ASEAN Risk, The Corporate Treasurer, ACI Philippines,
FinanceAsia, CTCFO Indonesia and the Canadian, Ottawa and
Minnesota AFP’s.
U.S. Outbound Investment into Ireland: New
Guidelines, Better Results
326
INTERNATIONAL TREASURY MANAGEMENT.
Denise Magyer, CTP/Allied Irish Bank
David Evans/Canyon CTS
This session will focus on U.S. outbound foreign direct investment
into Ireland. We will discuss recent changes in Irish law and their
impact on global corporate tax structures. Key drivers continue to be
the combination of attributes including track record, technology, talent pool and favorable tax regime. We will discuss the Irish economy
and banking sector and highlight how companies, from start-ups to
multinationals, can use Ireland as a strategic European hub.
Denise Magyer is a Senior Vice President at Allied Irish Bank and has
worked with AIB for 15 years. She currently focuses on new business development within the corporate banking sector with product
expertise in AIB’s treasury products, corporate deposits and foreign
direct investment program. Her experience as a relationship manager
and lender to a broad client base has given her the tools to identify
solutions for her clients.
David Evans has more than 14 years’ experience working with U.S.
based companies in connection with the structuring of their European
operations. Previously, he held the position of European Tax Director
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with a US based public company and also worked in a professional
advisory capacity with KPMG LLP in both Ireland and the U.S.
and business development strategies. Formerly, Mr. Humphrey served
as the Director of Treasury Services for the Association for Financial
Professionals. He has a BS and MS in Economics from Purdue.
Getting a Handle on Card Payments
3:00 P.M. – 4:00 P.M.
327
CARD PAYMENTS
Anand Goel/Optimized Payments Consulting
Pricing in the credit card processing industry is very complex and
most merchant statements do not make it any easier to understand.
There are various players in the payments space and so much industry
jargon that getting a handle on your payments can be difficult and time
consuming. This session not only provides an overview of the payments
landscape and the major players, but it also delves deeper to explore
the different components that make up the cost of processing credit
card transactions.
Anand Goel is the CEO and Founder of Optimized Payments
Consulting. Prior to OPC, he was a payments leader at Elavon, where
he managed the pricing and profitability of the organization for four
years. Mr. Goel has 18 years of management and consulting experience
in the financial services and telecommunication industries.
Company’s Culture: A Window of Opportunity for Fraud
328
Arlen Lasinsky, CPA, CFE, CFF, CTP/Frost, Ruttenberg &
Rothblatt, P.C.
Fraud is as common as texting a message. Companies continually
focus on preventing fraud or they are recovering from being the victim
of a fraud they thought could never happen to them. In fact, some of
the largest companies that spend millions of dollars each year have
been hacked into during 2014. Every day a company is at risk of being
a victim of fraud. This session will spotlight how the environment in a
company can have an effect on the opportunity of fraud occurring.
Arlen Lasinsky is a CPA, CFE, CFF and CTP with more than thirty-seven
years of experience. He is a consultant and forensic accountant and
is engaged with investigations, assessment of internal controls and
implementing procedure manuals. Mr. Lasinsky computes damages
for litigation matters and valuates businesses for tax, business and legal
proceedings.
Exhibit Floor
SPONSORED BY
WINTRUST COMMERCIAL BANKING
SESSION NINE
4:00 P.M. – 4:50 P.M.
Shield Your Treasury Against Fraud and Cyber
Exploitation
202
Jeff Diorio, CCM/Treasury Strategies, Inc.
New technology capabilities and delivery models have created new
risks; securing your treasury technology is key to maintaining treasury’s position as the financial nerve center of the company. What
actions should treasury departments take to protect data and cash,
and which should be addressed first? This session will update treasury professionals and discuss risks treasury departments face today,
specifically around the use of STP technology; the most prevalent areas of exposure, focusing on fraud prevention and electronic security;
and best practices to combat cyber exploitation.
Jeff Diorio, CCM, brings strategic focus/leadership to Treasury Strategies’ Technology Practice, and value to global corporates/financial
institutions, specializing in system selection/implementation, project
management, and hosting solutions. He earned a BS in Mathematics
at Northwestern University, and has written/lectured on derivatives
valuation and regulatory reporting requirements.
Make Financing the Lease of Your Worries:
Overcoming Key Contract Obstacles
203
CORPORATE FINANCE
James Johnson/Northern Illinois University
Raising Your Cash IQ to Optimize Working Capital
329
Ernest Humphrey, CTP/Function Form Staging and Design
Cash is king in managing working capital. Using spreadsheets to track
balances and transactions across multiple accounts won’t give you
the real-time cash visibility you need. Advances in cloud based ERP
and CPM solutions are offering companies of all sizes 20/20 vision in
terms of cash visibility including cash balances, cash inflows, and cash
outflows. Discover how to raise your company’s cash IQ and unlock
the benefits of optimizing working capital at your company.
Specifically identify contract provisions, what is typical language, and
how to change them to the lessee’s advantage. The attendee will walk
away with a powerful toolkit.
James Johnson is a Presidential Teaching Professor in the
Department of Finance at Northern Illinois University. He has been
a consultant, writer, and expert witness in equipment leasing for the
past thirty years.
Ernie Humphrey currently serves as the CFO of Function Form Staging
and Design. In this role, he develops and executes financial, marketing
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Overcoming the Challenges of Account Validation
204
Tim Mills, AAP/The Clearing House
Originators, ODFIs and RDFIs have a staked interest in insuring that
accurate DDA information is used for ACH payments. However,
Originators and ODFIs rely heavily on data provided by consumers
while RDFIs are limited in their ability to determine valid requests.
In some cases the account information provided is inaccurate,
incomplete or at times fraudulent. This results negatively on network
quality and risk management. Attend this session to gain an
understanding of the benefits and challenges associated with current
account validation methodology and suggestions for a way forward.
Timothy Mills is the Director of Association Services for the
Electronics Payments Network, an Automated Clearing House
Operator and Regional Payments Association. Mr. Mills is the holder
of the Accredited Automated Clearing House Professional credential
and is a member. He has served as a member of the AAP Blue Ribbon
Committee and Rules Enforcement Panel and is a frequent speaker
at regional conferences and payments related functions.
Corporate Treasury - Efficient Management of Market
Risk – Minimizing Costs and Optimizing Results
205
Yon Valtchev/Bloomberg LP
In the post Lehman financial landscape and in the advent of market
adoption of new practices as a result of sweeping regulatory changes (Basel III, Dodd Frank and EMIR), we offer insights on advanced
market risk management practices using the latest available risk and
valuation tools which will help Treasury professionals in obtaining
pricing and valuation transparency in the derivative market, driving
down transaction costs and mitigating operational risks.
Yon Valtchev joined Bloomberg’s Fixed Income Specialist group
in early 2014. With more than 18 years of experience in credit and
market risk analysis, portfolio management, derivatives structuring,
securities trading, and hedge accounting; he assists senior corporate
finance executives with debt issuance strategies and related hedging
analytics, market surveillance and transaction execution tools available through the Bloomberg Professional® service.
Managing Liquidity: Be Prepared for the New Reality
206
Michael Morin, CFA/Fidelity Investments
Money market investors have endured regulatory uncertainty and
near zero interest rates for almost six years. In light of the SEC’s
decision to implement further reforms, and with a rising rate environment on the horizon, investors must prepare for the reality that not
all money funds are created equal. Join us to examine how treasury
professionals can adapt to this changing landscape and be successful
in a new era of cash management.
Michael Morin is the Director of Institutional Portfolio Management
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for money market funds within the Fixed Income Division of Fidelity
Management & Research Company (FMRCo), the investment advisor
to Fidelity’s family of mutual funds. Mr. Morin is responsible for the
delivery, implementation and oversight of institutional cash management investment strategies.
Review: Advanced CTP Math
323
CTP
Methods the Test-Makers Use to Reverse Equations
Math Shortcuts
When Panic Sets In: Better to Calculate Than Never
Overview of Material NOT Covered in this Training
Review of Test Taking Tips and Techniques
This session will demonstrate methods used by test-makers to
reverse equations. This does not apply to all formulas, however, it
does apply to fomulas that can be expressed algebraically. In addition,
the instructor will demonstrate math shortcuts that will enable candidates to logically eliminate some of the answers on a math problem
or to derive the answer without having to go through all the steps.
We will briefly discuss the materials from ETM4 not covered in these
sessions but which are covered in the supplemental handouts.
valuation. Dr. Masson holds a BS in business from the University
of New Orleans and an MBA and PhD in Finance from Indiana
University. He holds the CTP credential from AFP and the Cert ICM
from the Association of Corporate Treasurers in the UK.
Faster Payments via ACH
324
CORPORATE FINANCE
Janet Estep/NACHA - The Electronic Payments Association
Courtney Lowe, AAP, CTP/Fiserv
Laura Lee Orcutt, AAP/Wells Fargo
Yervant Manavian, CPA/ADP
The ACH Network was initially established to solve a critical business
problem: employee payroll. Since its inception, the ACH Network has
continued to evolve to support new business needs and innovation,
enabling companies of all sizes to make and receive payments via ACH
with robust information for a wide array of business purposes. Same
Day ACH expands the functionality of the Network even further,
providing companies an option to disburse funds to or collect funds
from virtually any bank account in the U.S. more quickly and directly.
Discover the value that Same Day ACH offers and learn how your
business will benefit from this new capability.
Jan Estep is president and chief executive officer of NACHA — The
Electronic Payments Association. As president and CEO, Ms. Estep
guides NACHA’s daily operations and rulemaking processes, and
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encourages the development, promotion, and use of electronic payment
solutions such as Direct Deposit via ACH and Direct Payment via ACH.
Courtney Lowe serves as Vice President of Treasury for Fiserv, a global
leader in financial services technology and services innovation, including award-winning solutions for mobile and online banking, payments,
risk management, data analytics and core account processing.
Laura Lee Orcutt is a Senior Vice President and Group Product Manager
for electronic payments, check, lockbox, healthcare and cash services
in the Treasury Management group at Wells Fargo Bank. She currently
manages a wide range of product teams covering ACH, pre-paid, check
services, returned items, account analysis and BBG liaison, lockbox,
healthcare, cash services, cash vault, and industry verticals.
Yervant Manavian, CPA is Vice President, Global Money Movement
& Compliance for Automatic Data Processing (ADP) in San Dimas,
California. He has been with ADP 30 years and has held various
financial and payment services positions of increasing responsibilities.
Mr. Manavian is a member of various professional associations and an
occasional speaker/panelist at financial conferences.
Leveraging SWIFT – Beyond Information Reporting
325
Cari Anderson, CCM/PNC
Louis-Etienne Bérubé/SWIFT
Corporates and banks are familiar with the baseline value proposition
of SWIFT, such as increased global funds visibility for corporates and
improved interoperability for banks. But beyond cash reporting, SWIFT
can drive efficiencies for corporate treasuries as well as enhance bank
to corporate communication and bank regulatory compliance. Learn
how SWIFT can be leveraged from both the bank and the corporate
perspective to manage risk, streamline processes and improve communication between corporates and banks.
Cari Anderson is the SWIFT Product Manager for PNC. She has been
with PNC since 2012 and is responsible for all SWIFT services provided
to corporates, as well as those used by the bank. Prior to PNC, Ms. Anderson managed a range of treasury management products at multiple
banks including Bank of America and LaSalle Bank. She holds a BS in
Finance from Southern Illinois University and attained her CCM in 1992.
Louis-Etienne Bérubé is the Regional Sales Manager for Corporates
in Canada and the Upper Mid-West. He joined SWIFT in 2011 as a
business developer, where he commercialized their first Exceptions and
Investigations software. Prior to SWIFT Mr. Louis-Etienne headed sales
for Expertus Technologies. He was a partner-manager with numerous
large corporations.
Preparing Financial Presentations for Board Meetings,
Shareholder Meetings and Stakeholder Situations
frustration. If you are tasked with leading the financial discussion of a
board or shareholders meeting, this presentation is packed with tools,
tips, examples and recommendations that will increase its efficacy,
from a presenter who has led over 150 executive and board level
financial discussions.
Michael Alfonsi’s 28 years’ experience in finance, treasury and
payments has been as a corporate treasury and finance practitioner,
a banker, and a consultant, as well as a business strategist who has
been involved in engagements with over half of The Fortune 1,000.
At BancTec, he is responsible for the payments and transactions set
of services and the portfolio of payments business process
outsourcing market offerings.
Fundamentals of Bank Relationships and Selection
327
Tamir Shafer/The Montauk Group, LLC
Learn why understanding your account analysis is fundamental to the
bank selection process and to unlocking value in your current bank
relationships.
Tamir Shafer has extensive experience in treasury operations, bank
relationship management, process re-engineering, and project
management. In 2010, he co-founded The Montauk Group which
provides bank relationship management services to corporations
world-wide. Previously, Mr. Shafer managed Treasury and Cash
Management teams at NOI Strategies, Goldman Sachs, Morgan Stanley, and Lehman Brothers over a 17 year span.
2015: The Big Squeeze in Treasury
328
James Brunnquell, CTP/Phoenix-Hecht
Treasury remains understaffed; the USPS is eliminating delivery of
overnight first class mail, which could cause your DSO to rise; banks
are under pressure to cut costs in light of increased regulatory and
compliance issues and a lack of revenue growth, which could impact
your level of service; and annual price increases are the new norm.
Can your company strike the right balance between price, efficiency
in bank services, and service quality?
Jim Brunnquell is a senior relationship manager handling the firm’s
relationships with U.S. banks. Prior to Phoenix-Hecht, he held lending,
management, and sales positions with Girard Bank, Mellon Bank, and
Citizens Bank, in Commercial Banking, Credit Policy, and Treasury
Management. A CTP since 1997, Mr. Brunnquell has a B.A. in Economics from Gettysburg College.
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Michael Alfonsi/Financial Transactions Portfolio
Board meeting presentations can cause headaches, both in the
preparation and in the actual presentation. For the financial portion
of the presentation, knowing what to include can be a big source of
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Thursday, May 21, 2015 & Friday, May 22, 2015
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An Affordable Care Act Update: Navigating the
Changes and Challenges
Staying Connected when Things go Wrong
329
CARD PAYMENTS
Dick Sherrod/Bank of America Merrill Lynch
Amanda Pilipovic/Plexus
Jim Gandolfo/PNC Bank
The Affordable Care Act has been a hot topic for corporates for quite
some time. Join Jim Gandolfo as he reviews industry trends from
both a global and national perspective. Learn about consumer driven
healthcare and the effects it is having on corporations today. Analyze
some of the challenges that corporates are dealing with and discuss
changing policies and predictions for the future.
Jim Gandolfo is a Senior Vice President, Senior Consulting Manager
for PNC’s treasury management healthcare division. Mr. Gandolfo is
responsible for health savings account development and distribution.
He holds a Bachelor of Science degree from Radford University and
Series 6,7,24 and 63 FINRA licenses. Mr. Gandolfo is also the chairman of the American Bankers Association’s HSA Council.
FRIDAY, MAY 22, 2013
Continental Breakfast
7:30 A.M. – 8:30 A.M.
SPONSORED BY
TREASURY MANAGEMENT
ASSOCIATION OF CHICAGO
Exhibit Hall Open
203 -
Surviving – and thriving – when things go south. How to ‘make
things right when things go wrong’ and how businesses can never be
over-prepared. Take steps now to get your house in order for driving
innovation. There are risks you are not anticipating.
Dick Sherrod is a Global Business Solutions Treasury Practitioner
executive responsible for advising multinational and mid-sized corporations and financial institutions on building best practice operations to
improve working capital effectiveness through process improvement.
His expertise includes bank relationship management, Sarbanes-Oxley
compliance, documentation, treasury/liquidity structures, security
controls, financial software, cash forecasting methodologies, shared
service centers and ERPs.
Amanda Pilipovic is the Vice President and Treasurer with primary
responsibility for managing company-wide liquidity and managing
and controlling cash, debt, foreign exchange, insurance and credit
risk. Her specialties and experience include: global treasury strategies,
global bank rationalization, card product solutions, treasury policies
and governance, global treasury workstations, swift bank connectivity
solutions, debt covenant compliance, treasury risks and controls, M&A
treasury integrations and divestitures.
Big Data: Are Treasury Management Banks Ready for
True Business Intelligence?
8:00 A.M. – 12:00 P.M.
204
BANKER TOPICS
Festival Hall B
Steven Phelps/J.P. Morgan
Treasury Management has shifted from basic operations and
payments to intelligence. Knowing what data exists is only half the
battle. Understanding what that data means is the key to success.
Participants will learn how financial institutions are beginning to
harness data and turn it into usable intelligence. The presenter
will focus on how banks are learning from other industries that
are proficient in big data and the risks of keeping data secure
and protected.
Mr. Phelps will discuss the challenges treasurers face when managing a
global account structure due to decentralized operations with multiple
bank accounts, locations, and trapped cash. He will also discuss other
hot topics facing international treasury managers in today’s changing
financial regulatory environment.
Joe Vitale is Vice President and Senior Product Manager at MB Financial
Bank. Mr. Vitale has more than 20 years’ experience with a primary
focus on treasury management product development and marketing. He
also has managed several eCommerce solutions in his career including
ACH, Wire Transfer, EDI, F/X, and Information Reporting.
SESSION TEN
8:30 A.M. – 9:20 A.M.
Around the World in 50 Minutes
202
Steve Phelps is an Executive Director and Senior International Product
Specialist with J.P. Morgan Chase’s Treasury Services. He specializes
in the origination and structuring of country specific and cross-border
treasury management solutions. Mr. Phelps holds a Bachelor of Science
degree in Business Administration from Miami University and a Master
of Sciences degree in Management from Purdue University.
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Eliminating the Sticker Shock of Card Payment
Acceptance
205
ADVANCED
Steve Pedersen/BMO Financial Group, Treasury & Payment
Solutions
Mike Weissglas/BMO Financial Group
Supplier acceptance is critical for payments optimization – but for
many suppliers, the costs of accepting card payments still outweigh
the perceived benefits. To spur supplier acceptance, companies,
providers and issuers need to forge stronger partnership with suppliers, and showcase how new options can reduce suppliers’ costs and
improve performance. This session will outline five strategies that
companies can use to help suppliers improve merchant discount rates
and lower the total cost per transaction.
Steve Pedersen is a long-time payments expert, with more than two
decades of leadership experience in the financial industry. At BMO,
his responsibilities include strategy, pricing, product and system
development in support of corporate cards for North America. Prior to
BMO, Mr. Pedersen held several senior leadership roles at Citibank.
Mike Weissglas leads BMO’s North American payments partnerships
team, with accountability for its merchant services partnership with
Moneris Solutions, and several treasury & payment solutions partners.
He is an emerging payments expert and led BMO’s Payments Strategy
team before moving from the issuing to acquiring side of the business.
Full Throttle – Getting YOUR Electronic Payments
Program Flying High
206
Gregory Rettinger, AAP/U.S. Bank
Brock Anderson/U.S. Bank
Thomas Casalino, CPA, Certified Internal Auditor/ARC
The trend is clear: more businesses are paying each other electronically or are planning to do so soon. However, many companies still
find it hard to get clearance for takeoff, facing both internal and external challenges. This session will focus primarily on actions that need
to be taken to get a B2B electronic payments program off the ground
with maximum benefits. A CFO will describe his process to strike the
right payment mix, including optimizing supplier enrollment.
Gregory Rettinger is a Vice President and Product Manager for
U.S. Bank’s ACH Services. He is responsible for product strategy and
development for ACH Direct File Transmission, ACH Block and Filter,
UPIC, ACH Reporting, ACH Data Captue, and Cash Concentration.
Mr. Rettinger has extensive previous experience in technical support
and customer service for a wide variety of treasury management
applications.
Brock Anderson oversees product development for U.S. Bank’s virtual
payment offerings, including U.S. Bank Access® Online Payment
Plus, the bank’s electronic accounts payable tool for business. He
is responsible for performing market analysis and partnering with
cross-functional bank teams to develop and deliver market-leading
cardless payment products for the payables and travel space.
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Thomas Casalino is responsible for strategic leadership of ARC’s
financial activities, including monitoring and accounting of the company’s own financial performance. Mr. Casalino has held executive
and senior financial management positions at CBIZ Risk & Advisory
Services, Circuit City, Capital One, and Shawmut Bank. He retains
membership in the AICPA, CT Society of CPA’s, and the IIA.
Information Technology Controls – Best Practices to
Mitigate IT and Payment Risk Including COSO Internal
Control Framework: Principle 11.
325
Mike Becker, CPA/FGMK, LLC
Barb Jacklin, AAP/Wintrust Commercial Banking
This session will include an overview of the COSO internal control
framework updated in 2013. The focus will be on COSO Principle
11, which addresses information technology (“IT”) controls and their
alignment with business process controls (accounts payable, treasury
management, etc.). Topics include best practices and controls for IT
risk management and security, IT change management, data backups
and disaster recovery and discussion of how these controls can assist in
the mitigation of TM payment risk.
Mike Becker is a Partner with FGMK and leader of Risks & Controls services. His team helps companies improve their processes and controls
for identifying and mitigating both financial and information technology
risks. Mr. Becker’s 25 years of experience includes financial audit, IT
audit and consulting, Sarbanes-Oxley compliance and
Service Organization Control reporting.
Barb Jacklin is Vice President, Commercial Product Manager for
Wintrust Financial. She is responsible for commercial product
development and vendor support. She has 20 years of experience
with 14 spent in Treasury Management servicing small business and
middle market commercial customers. Ms. Jacklin also holds the AAP
(Accredited ACH Professional) designation.
China As Number One: So What?
327
Bill Brandenburg/PNC Bank
Damien Ma/Paulson Institute
We are living through one of the greatest transitions of the 21st century:
the ascendancy of China to the largest global economy in a few years’
time. A similar transition took place at the turn of the 20th century
when the United States surpassed Great Britain as the biggest economic power. Yet, as Damien Ma will argue in his talk, that fact alone means
very little in thinking about the Chinese economy and its relationship
to the rest of the world, particularly the United States. What’s more
important is the economic adjustment currently under way in China,
whose success or failure in such a complex enterprise will have implications far beyond its borders. In his talk, Mr. Ma will discuss China’s
slowing growth, the challenges of refashioning its economic model, and
opportunities for US businesses and investors as China manages this
significant transition.
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Bill Brandenburg is a Managing Director for PNC Foreign Exchange in
Chicago. He earned his BA and MBA at DePaul University, and has
nearly 20 years of experience working FX operations. He has been
instrumental in growing a significant international portfolio, predicated
upon a consultative long-term approach to customer care.
Damien Ma is a Fellow at the Paulson Institute, focused on investment
and policy and the Institute’s research and think tank activities. He is
the co-author of the book, In Line Behind a Billion People: How Scarcity
Will Define China’s Ascent in the Next Decade. Mr. Ma is an adjunct lecturer at Northwestern University Kellogg School of Management.
Payment Trends: 2015 & Beyond
328
BANKER TOPICS
Matt Davies, CTP, AAP/Federal Reserve Bank of Dallas
This session will focus on hot topics in payments that may impact
corporate practitioners and financial institutions. Among the topics
will be the Federal Reserve’s ongoing efforts at payments system improvement, as well as other industry initiatives; Apple Pay and other
mobile wallets; tokenization; and an update on the progress of the
U.S. move to EMV chip credit and debit cards, five months before the
impending “liability shift.”
Matt Davies, CTP, AAP, is Payments Outreach Officer at the Federal
Reserve Bank of Dallas. He has more than 16 years of experience in payments with the Fed, commercial banks and a card processor. He serves
on the board of the Dallas AFP. Mr. Davies graduated from William
Jewell College, Liberty, MO, with a BA in Poli Sci/Historyand from the
Graduate School of Banking at the University of Wisconsin, Madison.
Supplier Finance - It’s Not Just For Large Corporates
Anymore
SESSION ELEVEN
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9:30 A.M. – 10:20 A.M.
Cross Border Relations: The Benefits of Doing
Business in Canada
202
Eithne O’Malley/PNC Bank
Tali Weisberg/Hay Group
This session will highlight a market overview on doing business in
Canada. We will identify where differences exist so your companies
can plan and conduct business accordingly. During this session, we will
discuss some of the material regulatory differences that impact the way
U.S. based corporates do business in Canada. We will also dive deeper
into how Canada offers several specific advantages when considering
new markets for your company’s products and services, for sourcing
your raw materials and for meeting your skilled employee needs.
Eithne O’Malley manages a team of International Cash Treasury
Management Product Managers. She serves as the business owner for
our International Cash products and services to help companies meet
their long- and short-term International treasury management goals.
Ms. O’Malley joined PNC in 1988 after earning her Master’s Degree in
Business Administration with concentrations in Finance and Accounting from the University of Pittsburgh.
As Hay Group Director of Treasury Operations, Tali Weisberg is
responsible for global cash management and international risk management, leading the implementation of a global workstation, and the
continued progression of a global hedging program. She has an MBA
from Temple University and a Bachelor of Business Administration
from McGill University.
329
Investing in Growth: Funding a Treasury
Transformation Initiative
203
Sean Corrigan, CTP, Cert ICM/Wells Fargo
Large corporations use supplier finance to increase working capital by
extending payment terms. This session focuses on strategies middle-market companies can employ, including supplier finance and AP
card, to improve days payable outstanding (DPO) while simultaneously
improving the days sales outstanding (DSO) of their suppliers, both domestic and international. We’ll look at trends in international payment
terms, changes in the value proposition of various sourcing regions,
and ways traditional and non-traditional trade tools can reduce risk for
trading partners.
Trent Ellis, CTP/Reval
Sean Corrigan manages a global team delivering trade payment
processing and supplier financing solutions. He started his career with
PNC and joined Wells Fargo in 2001. Mr. Corrigan holds a B.S. degree
in marketing management from Gannon University and an M.B.A. in
finance and information technology from Duquesne University.
As the responsibilities of the treasurer have expanded over the last
few years, the disconnect between what the treasurer needs to
support his or her new remit and what the Chief Financial Officer is
willing to fund continues to run deep. Because treasurers are asked to
deliver more meaningful and actionable information to the CFO, they
need technology that has a broad reach across the enterprise. This
session demonstrates how treasurers can frame the business case for
transformative technology and sell the value of a strategic investment
in technology.
As Senior Solution Consultant at Reval, Trent Ellis helps companies
understand the challenges of cash and risk management, delivering
effective solutions and demonstrating the benefits that treasury
technology will bring to them. He brings more than 20 years of
experience in consulting, treasury management, accounting and auditing, including experience in risk and regulatory accounting for
a derivatives clearing firm acquired by Goldman Sachs.
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Trilogy of Challenges
204
Andrew Goodale/State Street Global Advisors
In this session, the speaker develops a storyline about the “Trilogy of
Challenges” facing treasurers and cash managers today—persistently
low interest rates, regulatory reform, and the shortage of high-quality
short-term securities available in the market. He will briefly layout
the challenge and then move on to how they can be planned for and
addressed by cash investors. Starting with basics like Investment Policy
Statement review and stakeholder alignment, Andrew summarizes by
presenting action steps the audience can take to optimize their portfolios in these difficult market conditions.
Andrew Goodale is a Portfolio Strategist at State Street Global Advisors. He is a member of the Global Cash and Global Fixed Income investment management teams where he is responsible for the communication of cash and fixed income investment strategy and performance
to clients, consultants and prospects.
Choices and Chances
205
John Kailunas II, LUTCF, FSS/Regal Financial Group
Regal Investment Advisors isn’t generating millions of dollars in revenue through luck. It comes with hard work. Or as Regal’s CEO John
Kailunas II puts it ‘Luck is a choice to work hard.’ Choices and Chances
is like a life-changing dinner conversation with a successful financial
entrepreneur, except you don’t have to scratch notes onto a napkin,
because all of the priceless, real world advice and personal stories are
right at your finger tips. No matter where you are in your journey
toward success, this session will revitalize and challenge the way you
think about your business and personal life.
John Kailunas II is a noted speaker and author on building a Financial
Service Organization -Relationship building and transparency achieve
economic freedom and increase your quality of life. Energetic, and
engaging presentation that delivers a common sense approach that
took the firm’s founding member from kitchen table top life insurance
sales to founding a wealth management form that manages 700m in
fee based assets and 1.3 B in assets under administration.
Smartphones: Mobile Wallets vs. Credit Cards
206
BANKER TOPICS
James Carlini, MBA/Carlini & Associates
How do traditional banks fit into this new era of the smartphone and
its use as a mobile wallet? Discussion of how this new technology and
its applications impacts traditional banking and credit card procedures as well as its widespread acceptance among consumers for use
in Intelligent Retail/ Entertainment/ Convention Center complexes
(IRECs). Credit cards (RFIDs) versus NFC capabilities. Technical and
security issues are also compared as this new application is gaining
traction among various groups of retail consumers and retail establishments (MCX - Merchant Consumer Exchange is also discussed).
48
James Carlini is author of LOCATION LOCATION CONNECTIVITY:
Next-Generation Real Estate, Intelligent Infrastructure, and the Platform
for Global Commerce. He taught for two decades as an award-winning
adjunct professor at Northwestern University in both the Executive
Masters and undergrad programs. Mr. Carlini is a consultant on
mission critical networks, trading floor and wireless technologies.
To Infinity and Beyond! A Case Study on Tenaska
Inc.’s Journey from Woody’s Pull Strings to Buzz’s
Battery Pack
324
CORPORATE FINANCE
Cindy Mowery/First National Bank
Stephanie Dougherty/Tenaska Inc
This case study will focus on Tenaska Inc.’s move from manual
payment processes to full automation. The presenters will focus on
the cultural change, fundamental shift in management philosophy
and the technology hurdles it has faced. Not only has this mid-sized
company been able to reduce cost associated with accounts payable
but it has also gained more clarity with its balance sheet, expenses
and investments.
Cindy Mowery is Vice President, Treasury Services Sales for First
National Bank. She currently manages clients with revenues over
$30MM in sales who have a focus on payment automation. Ms.
Mowery has helped numerous companies reduce costs, increase
operational efficiency and maximize purchasing card rebates. She is a
former board liaison for National AFP and past President of Nebraska
AFP.
Stephanie Dougherty is Senior Manager, Accounting Operations for
Tenaska and its affiliated companies. She directs cash/treasury and
accounts payable functions. Ms. Dougherty joined Tenaska in 2006
and brought 8 years of experience in the banking industry. She earned
a BA in psychology from Creighton University and a MBA from
Bellevue University.
Cash Portals and their Response to the Regulatory
Changes of Money Funds
325
INVESTMENTS
Alex Bird/State Street
Greg Fortuna/State Street
The session will give the audience a background on cash portals
with emphasis on recent regulatory reform in the U.S. and Europe
highlighting the capabilities investors will need in order to adapt
and what kind of services portals are providing in response to such
changes. In light of a growing need for increased transparency and
a nuanced understanding of regulatory requirements, we will go
through the various analytic tools that are available and how to apply
them in the shifting cash management environment.
Alex Bird is a Vice President with State Street’s Fund Connect cash
portal. He covers all fund connect clients in the mid-west, plains
states, Texas, and the west coast. Mr. Bird spent more than 12 years
working directly with money market funds for firms including
Goldman Sachs, Barclay’s, and JPMorgan. He graduated from
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Northwestern University and holds Series 7 & Series 63 licenses.
Safeguarding your Business
Gregory P. Fortuna, CFA is a Managing Director at State Street Global
Exchange and global head of Fund Connect, State Street’s money
market fund execution portal. He has worked on fixed income, FX,
ETF, and money market trading portals. Mr. Fortuna is a cum laude
graduate of Boston College. He holds Series 7, 63, 3 and 24 licenses.
327
Risk and Liquidity Management Best Practices When
Selling Globally
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Patrick McDonagh/J.P. Morgan Chase
This session will take a deep dive into the landscape of payments
fraud. It will examine the nature and frequency of fraudulent attacks
on business-to-business payments by analyzing the historical trends.
Provide insight into the industry tools available for a treasury team to
proactively prevent these attacks. As well we will peer into the future
of fraud by discussing the rise of the cyber criminal.
Yaminah Sattarian/KeyBank Enterprise Commercial Payments
Mark Miazga/Parker Hannifin Corporation
Robert Loewer/National Railway Equipment Co.
Corporations are met with many challenges when conducting business
internationally – commercial, compliance, currency, documentary, political and economic risks. Yet, how do you identify, quantify and mitigate
these risks in an uncertain global climate? During this panel discussion,
learn practical applications for corporate risk associated with international trade: execution methodologies, liquidity management best
practices and tactics to minimize exposure. You will also hear how two
global companies, National Railway Equipment and Cargill have applied
these tactics to better understand and manage risk in order to compete
on a global basis.
Yaminah Sattarian is a Vice President and Senior International Sales
Representative for KeyBank. She is responsible for providing global
financial solutions to companies nationwide. Ms. Sattarian has a certification in export compliance from the U.S. Department of Commerce
Bureau of Industry and Security, as well as delegated lending authority
by the Export-Import Bank of the United States.
Mark Miazga serves as the International Corporate Credit Manager
for Parker Hannifin Corporation. He manages collection activities for
the Fluid Connector and Aerospace Groups with monthly accounts
receivables of $370 million. He supervises the activity for Export,
Pan American, Latin American and Asia Pacific Divisions.
Robert Loewer is General Counsel and Director of Finance of National
Railway Equipment Co. He is well versed with operations in Africa,
Australia, the Middle East, Southeast Asia and South America, as he
works with foreign national management, employees, governments,
customers, vendors, attorneys, accountants and banks in countries
spanning the globe.
Patrick McDonagh has worked within Treasury Relationship Sales at
J.P. Morgan Chase for Middle Market to Large Corporate clients since
2011. Prior to working at J.P. Morgan Chase he enjoyed a career at
Honeywell where he worked as a Lean Site Leader specializing in Lean
Manufacturing and Six Sigma Process efficiencies.
REFRESHMENT BREAK
10:20 A.M. – 11:10 A.M.
Festival Hall B (Exhibit Floor)
SPONSORED BY BB&T
SESSION TWELVE
11:10 A.M. – 12:00 P.M.
The Future of Cash: Navigating Balance Sheet Solutions
in an Evolving Regulatory & Investment Environment
202
INVESTMENTS
Scott Warner/Northern Trust
Carol Sullivan/Northern Trust
A complex regulatory, tax and economic environment have emphasized the need for a fresh approach to liquidity management. This
session will examine solutions — weighing the contrasting needs for
liquidity, capital preservation, and yield. The conversation will focus
on developing a deliberate approach to cash management and will
discuss investment vehicles. Attendees will gain an understanding of
how to adopt a flexible liquidity strategy to meet their needs and the
available tools for execution of their cash management process.
Scott Warner is Director of Fixed Income Product Management at
Northern Trust, overseeing product positioning, development, innovation and delivery. He was previously a senior portfolio manager in
the Ultra Short Fixed Income group and Co-Manager of the Northern
Trust Ultra Short Fixed Income Fund. Mr. Warner received an MBA
from the University of Chicago and a B.S. in finance with honors from
Arizona State University.
Carol Sullivan is Director of Ultra Short Fixed Income at Northern
Trust, overseeing a team of portfolio managers handling separately
managed accounts for taxable and tax exempt mandates and two
Ultra Short Fixed Income Mutual Funds. She is co-manager of the
Northern Ultra Short Fixed Income Fund. Sullivan received a B.A.
degree in English from St. Xavier University and an MBA from
DePaul University.
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TMS Implementation: Integration to Amplify Success
graduate degree from the University of Edinburgh.
203
Lynn Hendrick, Treasury Specialist, joined Dow Corning Corporation
in 2008. Before treasury, she held financial analyst roles supporting
the business. Prior to Dow Corning, Ms. Henndrick worked at Eaton
Corporation, PerkinElmer Inc. and Arthur Andersen in finance, accounting and auditing roles. She obtained her BS in Accounting from
Susquehanna University.
Elaine Filus/Treasury Strategies, Inc.
Dave Berkow/CME Group, Inc.
This session will discuss effective automation and its support for a
strategic “best-in-class” treasury. Fully integrating a global treasury
management system (TMS) with other treasury/finance systems
broadens the scope of benefits and strengthens your business case.
Implementation begins with a comprehensive business requirements
statement and redesigned future state workflow, incorporating all
integration points. Requirements address the needs of all stakeholders,
including accounting and corporate finance. The TMS supports
treasury’s position as a key contributor to corporate strategic planning.
Elaine Filus, Treasury Strategies, Inc. Principal, has more than 20 years’
experience in treasury management, leading projects for corporates,
effectively managing liquidity and streamlining treasury activities by
focusing exclusively on selection, implementation, and optimization of
treasury management systems. Ms. Filus earned a BA from Wheaton
College and an MBA from the Kellogg Graduate School of Management
at Northwestern University.
Dave Berkow has held senior treasury positions at Brunswick, MFN
Financial, and Aon. He currently oversees CME Group’s worldwide
treasury and risk management activities and bank relationship management. Mr. Berkow earned a BS in Business Administration at Bradley
University and an MBA from the Charles H. Kellstadt Graduate School
of Business at DePaul University.
Treasury as Strategic Consultants: How To Build &
Leverage Your Systems To Get The Most From your
Data and your Treasury Team
204
Srikanth Dasari/Dow Corning Corporation
Neil Griffiths/FiREapps
Lynn Hendrick/Dow Corning Corporation
Dow Corning’s currency risk management process constrained treasury’s ability to make strategic financial decisions. This led the team
to an overhaul that delivered leading-edge technology, actionable
data and saved nearly $5 million/year. But most crucially it freed the
team to act as strategic business consultants within the larger context
of Dow Corning. We will share best practices gained from the award
winning overhaul, how to start and insight into how optimized systems
and processes allow us to get the most value from our lean team.
Srikanth Dasari is the Head of Treasury Front Office at Dow Corning
Corporation in Midland, MI. He oversees all capital market activities,
global pension and investments management, financial assurance and
financial risk associated with currencies, commodities and interest
rates. Mr. Dasari has a Masters of Chemical Engineering from University of Toledo and an MBA from the University of Michigan.
Neil Griffiths is FiREapp’s Vice President of Sales and Client Services.
Prior to his tenure at FiREapps, Mr. Griffiths served in a variety of
international and corporate finance roles at Electronic Data Systems.
He holds an MBA from the University of Washington and an under50
Seamless BAU: Attaining Post Implementation Nirvana
205
BANKER TOPICS
Hari Raghunathan/Zentest Software LLC
Krishna Iyer/Zentest Software LLC
Monday morning and your ACH payments are down? Maintaining
and updating your treasury/cash management solution can be an
operational nightmare. Understand changes, test systems, troubleshoot customer issues, coordinate with technology partners…the list
can go on. The session is focused on achieving a seamless ‘business
as usual’ state by building quality, maintainability and scalability in
your treasury/cash mgmt. system. Join us as we provide insights into
achieving alignment with business and IT while ensuring vendor independence. Learn how to keep your treasury systems running smooth
while reducing fixed costs.
Hari Raghunathan is the Head of North America Operations for Zentest Software LLC. He brings more than 10 years of experience in the
banking technology space. In his senior management role at Zentest,
Mr. Raghunathan drives customer relationships and engagements. He
has been a part of multiple implementations and has the first-hand
experience of some of the key challenges faced and risk mitigation
strategies.
Krishna Iyer is the CEO and Co-founder of Zentest Software LLC and
a prolific speaker and author. Educated as a Chartered Accountant
(CPA equivalent), he holds international certifications in Software
Quality (CSQA from QAI USA). Mr. Iyer has been a Principal Consultant to various U.S. based banks for de-risking their systems.
Expanding Globally: Treasury Optimization through
New Technologies/Advanced
206
Mohan Murali/Axletree Solutions, Inc
Cari Anderson, CCM/PNC Financial Services
Joe Christaldi/Chicago Bridge and Iron Company
Ongoing globalization, mergers and acquisitions create increased
challenges and opportunities for corporate treasurers. To meet these
challenges with existing resources, require optimizing the treasury operations. In this session, learn how leading corporations are leveraging
new Cloud technologies integrated with streamlined global bank connectivity to achieve their expected levels of optimization and efficiency.
This session will cover the bank readiness to address globalization and
learn about CB&I’s decision on SWIFT connectivity for straight through
integration to enable global expansion.
Mohan Murali has more than 26 years of experience in the information
technology industry. His experience in building technology solutions
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and business development enables him to design solutions to customers with diverse needs. Under his leadership, Axletree Solutions has
grown exponentially and is considered the vendor of choice for SWIFT
Connectivity Solutions.
Cari Anderson is the SWIFT Product Manager for PNC. She has been
with PNC since 2012 and is responsible for all SWIFT services provided to corporates, as well as those used by the bank. She holds a BS in
Finance from Southern Illinois University and attained her CCM in 1992.
Joe Christaldi has more than 20 years’ experience in accounting,
finance and treasury, making his start with Arthur Andersen.
He then moved to a 14 year career at A.T. Kearney where he
ultimately became treasurer. Currently, Mr. Christaldi is the Assistant
Corporate Treasurer for the Chicago Bridge and Iron Company. He
holds a BBA from the University of Notre Dame and a MBA from the
Kellogg School of Management.
Conquering Conflict in Treasury
324
Kelly Brown, MS/The American Deposit Management
Company
In this session, you’ll learn how to handle difficult situations with poise
and confidence. Discover how to keep unmanaged conflicts, disagreements
and out-of-control emotions from harming your important working and
personal relationships. You’ll learn methods for resolving any type of
disagreement, learn many expert techniques for handling confrontation
with confidence, and find out how to prevent conflict by using assertive
communication skills and active listening. This seminar is about win-win
solutions to resolve conflict that we face virtually every day.
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Kelly Brown oversees the strategic direction of ADM and its subsidiaries.
With more than $3 billion of assets managed and relationships with
over 600 financial institutions, under her leadership, ADM has become
a national award-winning company producing extraordinary results.
Ms. Brown co-founded the First Wisconsin Bank & Trust Co., the fastest
growing de novo bank in WI history.
Borrower Boot Camp: Loan Document Fundamentals
325
CORPORATE FINANCE
Robert Heinrich, JD/Reinhart Boerner Van Deuren s.c.
Want to be able to ‘talk the talk’ of loan documents? This session
will open with a discussion of various types of financing facilities and
possible structures. We will then walk through, at a high level, the
fundamental provisions of an entire credit agreement. Finally, this session will include tips and strategies for closing your facility in a timely,
smooth fashion so that you can get back to running your business.
Robert Heinrich is an attorney with the law firm of Reinhart Boerner
Van Deuren s.c. He regularly advises private and public borrowers, and
banks and other lenders, in structuring, documenting and administering a wide range of credit facilities and securitization transactions. Mr.
Heinrich is a member of the Illinois State Bar Association and the State
Bar of Wisconsin. He earned his J.D. from the University of Minnesota
and his bachelor’s in economics and German from Marquette University.
ABOUT TMAC
The Treasury Management Association of Chicago® (TMAC) is a not-for-profit
organization of treasury and financial professionals committed to the improvement
of treasury operations. Founded in 1974, TMAC was the first association in the
country devoted to cash and treasury management.
Today, TMAC continues to provide the corporate treasury community with
a forum for the exchange of treasury ideas, concepts and techniques. As the
treasury profession expands its scope, TMAC strives to deliver to its members
the necessary tools to meet the challenges they face.
TMAC Headquarters:
8 South Michigan Avenue, Suite 802
Chicago, Illinois 60603 | 312-332-7622.
Learn more or become a TMAC member by visiting our website www.tmachicago.org.
51
G THE CRUCIAL INFORMATION YOU
GET
DEPEND ON TO MANAGE THE MYRIAD
D
CHALLENGES YOU FACE ON A DAILY BASIS.
C
C
Check
out these recent articles from Treasury & Risk
w
written for Corporate Treasury and Finance Managers
llike you:
- Treasury’s Pivot Toward the Strategic. Much has been written about the evolution
of the corporate treasurer from number cruncher to partner in strategic decisionmaking. A recent survey helps quantify the shift.
- Bring Clarity to FX Gain/Loss. The FX Gain/Loss line is the black hole of many
companies’ financial statements. Here’s how to get a handle on what’s driving currency
impacts to the bottom line.
- How to Determine
Initiatives. When considering a transformation project, finance and treasury
i ROI
O ffor Finance
i
teams need to estimate expected return on investment. Here’s how.
- Onward and Upward. Treasury leaders from Dover Corporation, Microsoft, and Honeywell — winners of the
prestigious Alexander Hamilton Awards in cash management and liquidity optimization — talk about improving the
efficiency and effectiveness, and making treasury a strategic partner to the business.
3Best Practices in Managing Excess Cash. Companies can improve yield on excess cash, but doing so without
sacrificing liquidity or taking on too much risk requires sophisticated processes and tools.
3How to Work With Credit Rating Agencies. At many companies, dealing with rating agencies is a core
responsibility of the treasury function. Here’s how to do it right.
Receive top stories like these from Treasury & Risk
straight to your inbox, free of charge, via our weekly
eNewsletter, T&R Express, and our bimonthly
special reports.
Go to treasuryandrisk.com/enewsletters
to subscribe today!
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Exhibit Hall Floor Plan
Festival Hall B
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3 Point Alliance
Allied Irish Bank
Ariba, an SAP Company
AscendantFX
Associated Bank
Axletree Solutions Inc.
BELLIN
BlackRock
Bloomberg
BMO Harris Bank
Cambridge Global Payments
Chase
Chatham Financial
CitiBank
Citizens Commercial Banking
Deluxe Corporation
Direct Insite Corp
ETS Corporation
Expertus Technologies
Federated Investors
Fifth Third Bank
First Midwest Bank
First National Bank
Fiserv
Global Cash Card
Goldman Sachs
GTreasury
Hanse Orga
Hedge Trackers
HSBC
ICD, LLC
INTL FC Stone, Ltd.
Invesco
J.P. Morgan Asset Management
Kyriba
MB Financial Bank
Morgan Stanley
Nexus Systems
NIU
Northern Trust
PNC Bank
Promontory Interfinancial Network
Reval
SAFEChecks
State Street Corporation
SunGard
SunTrust
SWIFT
Tellermate, Inc.
Thomson Reuterss
UMB
US Bank
Wells Fargo Bank N.A.
Zentest Software LLC
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RESOURCES THAT KEEP
YOUR BUSINESS ROLLING.
THAT’S BANKING WITH MOMENTUM
877.505.2265 | FirstMidwest.com/Stories
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PLATINUM SPONSOR
PNC Bank
BOOTH 300
Wednesday Luncheon, Cell Phone Charging Stations, Monitor Messaging, Registration Bag, Working Capital Management Session Track,
Exhibitor, Full Page Advertisement
PNC is one of the nation’s largest financial services organizations providing retail and business banking; residential mortgage
banking; specialized services for corporations and government entities, including corporate banking, treasury management, real
estate finance, asset-based lending, wealth management and asset management. We are focused on delivering ideas, insight and
solutions to our clients to help them maximize the value of their business. As a Platinum sponsor of the Windy City Summit,
our team is proud to be a part of the conference and looks forward to helping you achieve your goals. For more information,
visit pnc.com/ideas.
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Monitor Panels, Transaction Processing Session Track, Registration Bag
Insert, Exhibitor, Center Spread Advertisement
Wintrust Commercial Banking is the premier local provider of
robust treasury management solutions and commercial lending
options. Comprised of more than 100 community bank locations
throughout the Chicago area and southern Wisconsin, Wintrust
allows you to truly Have It All®: The service of a community
bank (that you should expect from your company’s banking
relationship) with the products and resources of a big bank.
To find out more about how we can assist you and your
organization, including our MaxSafe® deposit options with $3.75
million in FDIC Insurance, please contact Linda Swanson, CTP at
Citizens Commercial Banking is a division of Citizens Financial
Group, Inc., one of the nation’s oldest and largest financial
institutions. Our Treasury Solutions business provides transaction banking products to companies ranging from small
businesses to large corporations, across industries. Combining
cash management, commercial card and trade finance services, Treasury Solutions serves as a strategic banking partner
for clients’ corporate treasury needs. For more information,
visit www.citizenscommercialbanking.com.
[email protected].
BMO Harris Bank
BOOTH 307
BOOTH 101
Thursday Luncheon, Pen, Wednesday Morning Refreshment Break,
Advanced Session Track, Exhibitor
Opening Keynote Speaker, Card Payments Session Track, Exhibitor,
Full Page Advertisement
BMO Harris Bank is part of BMO Financial Group, a North
American financial organization with a proud heritage of
service and commitment to the economic success of our
clients since 1817. BMO Harris Treasury & Payment
Solutions helps clients manage their cash flow and optimize
working capital – wherever they do business. Through an
ongoing and disciplined advisory approach, we work with
clients to understand their needs, and offer a full range of
treasury and payment solutions for businesses of all sizes.
Our knowledgeable advisors offer extensive industry
expertise and in-depth analysis.
Bank of America Merrill Lynch is one of the world’s largest
financial institutions, providing a full range of banking, investing,
asset management and other financial products and services. It
is a leading global bank and wealth management franchise and
a premier corporate and investment banking and capital market
business, providing innovative services in M&A, equity and debt
capital raising, lending, trading, risk management, research, and
liquidity and payments management. Clients and customers can
expect access to a comprehensive suite of world class products,
services, and expertise from an organization that serves clients
through operations in more than 40 countries and has relationships with 98 percent of the U.S. Fortune 1,000 companies and
83 percent of the Fortune Global 500.
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SILVER SPONSORS
First National Bank
Associated Bank
U.S. Bank
BOOTH 413
BOOTH 113
BOOTH 315
Monitor Boards, Relaxation Station, Corporate
Finance Session Track, Exhibitor, Inside Back Cover
Advertisement
Exhibitor, Full Page Advertisement, Thursday
Morning Refreshment Break
Liquidity Management Session Track, Exhibitor,
With First National Bank’s cutting edge technology
and partnership approach, we help customers
expedite receivables and disbursements, reduce
expenses, and streamline processes. We offer a full
range of treasury tools:
Associated Banc-Corp (NASDAQ: ASBC)
has total assets of $24 billion and is one of
the top 50, publicly traded, U.S. bank holding
companies. Headquartered in Green Bay,
Wis., Associated is a leading Midwest banking franchise, offering a full range of financial
products and services through over 200
banking locations serving more than 100
communities throughout Wisconsin, Illinois
and Minnesota, and commercial financial
services in Indiana, Michigan, Missouri, Ohio
and Texas. Associated Bank, N.A. is an Equal
Housing Lender, Equal Opportunity Lender
and Member FDIC. More information about
Associated Banc-Corp is available at
www.associatedbank.com.
Experience the transformation by taking
advantage of a Working Capital DNA®
engagement. At U.S. Bank, we understand
the need to strengthen your organization’s
financial position by optimizing working
capital and mitigating risk. Our unique
engagement provides a platform to quickly
identify opportunities for increased efficiency
and working capital advantages. Our holistic
approach results in recommendations to
optimize both payables and collections
streams in a manner that fits your
organization’s culture and desired objectives.
We put our experience to work for you with
innovative solutions for all your treasury
needs. Member FDIC.
Wells Fargo Bank N.A.
MB Financial Bank
Chase
BOOTH 221
BOOTH 419
BOOTH 220
International Treasury Management Session Track,
Exhibitor, Back Cover Advertisement
Breakfast, Lanyard, Fraud and Compliance
Session Track, Exhibitor, Full Page Advertisement,
Wednesday Morning Refreshment Break
Wednesday Afternoon Refreshment Break,
Relationship Management Session Track, Exhibitor,
Where do the inefficiencies and risks in your
treasury and accounting processes lie?
What can you automate? What can you
digitize? What can you do better, faster,
cheaper, more securely? It’s difficult to look at
your own operations objectively. That’s where
we come in. When you work with Wells Fargo,
we’ll put you on the path toward best-in-class
performance by helping you see your financial
processes through new eyes.
MB Financial Bank N.A. is a Chicago-based
commercial bank with approximately
$15 billion in assets and a more than one
hundred year history of building deep and
lasting relationships with middle-market
companies and individuals. MB Financial
Bank offers a full range of powerful financial
solutions and the expertise and experience
of bankers who are focused on their clients’
success. MB Financial Bank is a wholly-owned
subsidiary of MB Financial, Inc. (NASDAQ:
MBFI).
Chase has a long history of providing
comprehensive solutions, including lending
and treasury services, to corporations,
municipalities, financial institutions and
not-for-profit entities with annual revenues
generally ranging from $20 million to
$2 billion, as well as real estate investors
and owners.
• Customized Payment Processing and ACH Origination
• Disaster Recovery Services
• Retail Lockbox
• Remote Deposit Capture
• Document Management Services
• Foreign Exchange and Global Banking
• Purchasing Card
• Online Cash Management
By partnering with First National Bank, our customers
spend more time and energy on core business strategies
rather than tactical backroom processing. Please visit
us at Booth 413 to learn how together we can help your
organization thrive.
First National Bank
Corporate Treasury Services
Innovative Solutions Superior Service
Member FDIC
To learn more about Treasury Service Solutions from
First National Bank, please call 888-980-5854.
treasuryinsights.wellsfargotreasury.com
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SILVER SPONSORS
First Midwest Bank
Ariba, an SAP Company
Fifth Third Bank
BOOTH 403
BOOTH 518
BOOTH 328
Exhibitor, Full Page Advertisment,
Registration Bag Insert
Exhibitor, Opening Reception
Sponsor, Monitor Messaging
Exhibitor, Full Page Advertisement, Mobile App
First Midwest Bank is the premier
relationship-based bank in the Chicagoland
market, providing a full suite of Commercial
Services through approximately 90 locations in Illinois, Indiana, and Iowa. At First
Midwest, we are different in that we
offer the best of both worlds. The tools,
innovation, expertise and technology
offered by the largest banks, with the
uniquely tailored solutions, personal
attention and customer service that
only a local community organization like
First Midwest Bank can provide.
Ariba, an SAP company, is the world’s
business commerce network. Ariba
combines industry-leading cloud-based
applications with the world’s largest
web-based trading community to help
companies discover and collaborate with a
global network of partners. Using the Ariba®
Network, businesses of all sizes can connect
to their trading partners anywhere, at any
time from any application or device to buy,
sell and manage their cash more efficiently
and effectively than ever before. Companies
around the world use the Ariba Network to
simplify inter-enterprise commerce and
enhance the results that they deliver.
Join them at: www.ariba.com
At Fifth Third Bank, we challenge ourselves
to explore new ideas and creative ways to
improve your working capital position.
Effectively managing working capital is
critical to the success of your business. We
work diligently to be your trusted advisor
and offer a customized lineup of services and
technology that can help you perform critical
tasks. Solutions such as Remote Currency
Manager, Commercial Card and a full array
of fraud prevention services can provide
you with increased control and greater
efficiencies. Visit Fifth Third Bank at
Booth # 328 to learn how we can provide
innovative solutions to meet your specific
needs
First Midwest Bank. Bank with Momentum.
For more information contact us
at 630-670-3080 or email
TreasuryManagement.CustomerService@
firstmidwest.com
Please visit us at www.FirstMidwest.com
MEDIA SPONSORS
HSBC
BOOTH 503
Treasury Management
International (TMI)
Treasury & Risk
Treasury Management International
(TMI) is a well respected and independent
voice in the treasury world, renowned
globally for its sharp editorial focus and
breadth of opinion. With real-life
experiences from practitioners, TMI
showcases topical, pragmatic solutions
and strategic insights providing valuable
material for all practitioners, from
experienced treasurers and CFOs to those
new to the profession.
TreasuryandRisk.com engages corporate
treasurers, CFOs, VPs, directors of finance
and senior risk managers with strategic
content published in a variety of digital
formats including a website, weekly
eNewsletter, webcasts and special reports.
Exhibitor, Registration Desk, Full Page Ad
Commercial Banking, a division of HSBC Bank
USA, N.A, together with the other members of
the HSBC Group, serve more than 3.5 million
customers worldwide, from small enterprises to
large multinationals, in over 60 developed and
emerging markets around the world. Whether
it is working capital, trade finance or payments
and cash management solutions, we provide the
tools and expertise that businesses need to thrive.
HSBC has been voted by our clients as the best cash
management bank in the world in Euromoney’s
Cash Management Survey. HSBC Payments and
Cash Management is uniquely positioned to help
clients make payments across borders, across
currencies and regulations, quickly and cost
effectively with dedicated in country and regional
support. With a heritage stretching back nearly
150 years, and a global network covering three
quarters of global commerce, it makes HSBC
the world’s leading international trade and
business bank.
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3 Point Alliance
Bloomberg
BOOTH 520
BOOTH 129
3 Point Alliance is a vertically integrated remittance solutions provider with
the capability to tailor remittance processing, equipment maintenance,
equipment financing and disaster recovery solutions to suit a wide array of
biller needs across many different sectors including finance, banking, health
care, auto, cable TV, telecommunications, and other industries.
Bloomberg connects influential decision makers to a dynamic network
of information, people and ideas. Our strength - quickly and accurately
delivering data, news and analytics through innovative technology - is at
the core of everything we do. With over 15,000 employees in 192 locations,
we deliver business and financial information, news and insight around the
world.
Allied Irish Bank
BOOTH 118
AIB Corporate Banking North America, a syndicated lender to Leveraged
& Middle Market companies in the US & Canada, offers Treasury Products
(corp. deposits & FX). We actively market Ireland for global foreign direct
investment. Ask us why 1,000+ multinational companies have chosen to do
business in Ireland and how AIB can save you $ on payments and collections in the EU.
BNY Mellon
Thursday Morning Breakfast Sponsor
BNY Mellon is a global investments company dedicated to helping its
clients manage and service their financial assets throughout the investment
lifecycle. Whether providing financial services for institutions, corporations
or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets.
AscendantFX
Cambridge Global Payments
BOOTH 429
BOOTH 120
AscendantFX, a leading provider of international payment solutions for
businesses and F.I.’s. AscendantFX provides state of the art technology
and worldwide banking relationships that delivers payments faster, easier
and at a lower cost. Our solutions and experience will help you: automate
payment processes; improve cash flow; and increase bottom line revenue.
We are a leading provider of global payments and currency risk management solutions. Our award-winning capabilities and industry-leading technologies simplify the way our clients connect with the global marketplace,
allowing them to focus on tomorrow’s opportunities rather than today’s
transactions. Learn more about how we can create the bridge between your
vision and the world at www.cambridgefx.com.
Axletree Solutions Inc.
BOOTH 329
Axletree Solutions offers SaaS based Treasury Management Solutions
and SWIFT Connectivity. In 2014 Axletree was the first in North America
to be awarded the SWIFT Premier Operational Practice Label. We help
corporates and banks efficiently manage, optimize, and improve their global
messaging and treasury operations.
BB&T
Capital One
First Timers Reception
Capital One Bank delivers innovative treasury management solutions
via traditional and digital channels, including Virtual Vault, SafeBank and
Commercial Card, including Virtual Card Numbers for enhanced security.
More than new technologies, what sets us apart is our objective guidance,
creativity and practical recommendations—backed by dedicated service
and day-to-day support.
Friday Refreshment Break
BB&T is one of the largest financial services holding companies in the U.S.
with $189.2 billion in assets and market capitalization of $28.2 billion,
as of March 31, 2015. Based in Winston-Salem, N.C., it operates 1,875
financial centers in 12 states and D.C., and offers a full range of consumer
and commercial banking, securities brokerage, asset management, and
insurance services.
BELLIN
Chatham Financial
BOOTH 119
The largest independent advisory service/technology solutions firm
specializing in interest rate, currency and commodity risk management,
Chatham delivers risk management & hedge accounting solutions enabling
companies to proactively manage their risk, serving over 1,200 companies
globally bringing market expertise with a deep understanding of the
complex regulatory environment.
BOOTH 223
BELLIN was founded in 1998 by Martin Bellin, a corporate treasurer, and
today consists of over 100 treasury experts focused on creating solutions
that enhance the entire corporate group. By engaging subsidiaries with the
central treasury, our solutions automate global data collection, enforce
group-wide rules and compliance, and enhance transparency.
BlackRock
CitiBank
BOOTH 100
Citi Commercial Bank is a business of Citi, a leading global financial
services company. It specializes in providing global banking solutions for
medium-sized businesses at every stage of their growth. Citi Commercial
Bank has local operations in the U.S and over 30 countries with local and
regional expertise contributed by in-country commercial bankers.
BOOTH 513
BlackRock® is one of the world’s preeminent asset management firms
and a premier provider of investment management, risk management and
advisory services to institutional, intermediary and individual investors
around the world. A truly global firm, BlackRock combines the benefits of
worldwide reach with local service and relationships.
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DBS Bank Ltd.
Opening Reception Beverage Sponsor
BOOTH 330
DBS is a leading financial services group in Asia, providing a full range
of services in corporate and institutional banking, with over 250
branches across 17 markets. Headquartered and listed in Singapore,
DBS has a growing presence in key Asian markets: Greater China,
Southeast Asia and South Asia. The bank’s capital position, as well as
“AA-” and “AA1” credit ratings, is among the highest in Asia-Pacific.
Fidelity Investments is one of the country’s leading money market and
fixed income providers. Since 1974, Fidelity has been an industry innovator, providing corporations, non-profit and public sector clients, banks,
and broker dealers with a wide range of liquidity management solutions.
Fidelity’s clients benefit from dedicated relationship management, as well
as, unparalleled customer service support ensuring ease of doing business.
For more information please visit advisor.fidelity.com.
Deluxe Corporation
BOOTH 115
Fiserv
BOOTH 228
Deluxe Corporation is a changing, evolving and growing company. Through
strategic acquisitions we have created a unique suite of services to help
businesses and financial institutions attract and retain customers, including
marketing services and payment solutions. We help customers do more
than compete against big business – we help them win.
Direct Insite Corp
Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry, providing integrated technology and services that create value and results for our clients.
Fiserv drives innovations that transform experiences for more than 16,000
clients worldwide. Visit us at Booth 228 or at www.fiserv.com.
BOOTH 431
Global Cash Card
Direct Insite™ (www.directinsite.com) offers an integrated receivables
solution called PAYBOX™ that combines e-invoicing, online approvals
and adjustments, e-payments, and integration with any legacy system.
PAYBOX™ is sold through banks and directly to businesses. PAYBOX™
helps reduce DSO, lower costs, improve receivables posting rates, and
enhance financial decision-making.
Global Cash Card is the proven specialist in customized paycard solutions
that are SIMPLE to implement and EASY to use. We are a no cost and fully
in-house solution. Our state-of-the-art proprietary technology, 24x7x365
free-live customer service, and full implementation & field support services
provide you the best payroll card solution in the industry.
ETS Corporation
Goldman Sachs
BOOTH 514
BOOTH 128
BOOTH 106
ETS is a recognized leader in the merchant processing and ATM driving fields,
supporting merchants across North America and Europe. ETS develops state
of the art products utilizing the latest technologies to service and enable all
merchants with the most comprehensive processing solutions in the industry.
Since 1981, Goldman Sachs has managed liquidity portfolios with a mission
of preserving capital while providing liquidity and competitive yields
through high-quality investment solutions. Our clients benefit from an
unbiased credit review process; choice of global, multi-currency money
market and short duration strategies; and the Global Liquidity Portal, an
online center for money market trading, reporting, and research. For more
information: 1-800-621-2550.
Expertus Technologies
BOOTH 121
Expertus is a global leader in innovative payments and treasury solutions.
Through its unique Cloud solution, it offers an enhanced customer
experience to corporates and financial institutions. Based on an ISO 20022
model, our bank agnostic and multi-bank global treasury system includes
cash pooling, forecasting, risk and liquidity management.
Federated Investors
BOOTH 123
Federated Investors is a global investment manager known for its stability.
Managing $245.5 billion in money market assets as of 9/30/14, Federated provides cash sweep and liquidity management solutions through our
knowledge, experience and extensive resources. For more information on
Federated’s cash sweep solutions, call 1-800-341-7400.
60
GTreasury
BOOTH 416
The GTreasury modular workstation offers companies a full suite of
solutions that illuminate a company’s cash and liquidity, manage exposures
and risk, and automates and streamlines all repetitive treasury processes.
GTreasury’s world class service, system flexibility, and ease of use quickly
accommodate our customer’s needs of today while preparing them for the
changes of tomorrow.
Hanse Orga
BOOTH 229
The Hanse Orga Group is an umbrella brand for the companies Hanse
Orga, cogon, and SymQ. We offer SAP-integrated finance software for
higher levels of automation and efficiency, ERP-independent solutions for
best results in corporate finance, and SAP Treasury consulting for unveiling
the hidden treasurers in the SAP standard applications.
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Hedge Trackers
Kyriba
BOOTH 522
BOOTH 501
For more than a decade, Hedge Trackers’ globally compliant financial
accounting and reporting services have empowered hundreds of
Fortune 100 to Fortune 1000 companies to confidently hedge foreign
currency, interest rate, and commodity risk. Based in the Silicon Valley,
the company offers software solutions, derivative accounting capabilities
and consulting services.
Kyriba is the global leader in proactive Treasury Management. Finance
leaders rely on Kyriba to optimize their cash, manage their risk, and work
their capital. Our SaaS treasury solutions enable some of the world’s largest
and most respected organizations to drive growth, obtain financial insights,
minimize fraud, and ensure compliance.
Morgan Stanley
ICD, LLC
BOOTH 131
ICD is the world’s leading institutional investment and risk management
company. ICD’s next-generation Software-as-a-Service portal, best
practices methodologies and award-winning Transparency Plus® exposure
analytics, support corporate treasury with end-to-end solutions. The ICD
Global Trade Desk™ provides expert service out of San Francisco, London
and Boston. ICD develops its own proprietary technologies through ICD
Technology LLC in Golden, Colorado.
BOOTH 517
Clients who choose to invest with Morgan Stanley have the ability to
access our firm’s vast resources, financial strength, and commitment to
help them build, manage, and grow their assets. With strategies including
asset allocation, equity, fixed income, cash management, and alternative
investments, Morgan Stanley is committed to providing our clients with
world class investment products and services.
Nexus Systems
BOOTH 527
INTL FC Stone, Ltd.
BOOTH 317 Full Page Advertisement
INTL FCStone Inc. (INTL) is a Fortune 500 financial services company.
The Global Payments division specializes in delivering foreign currency
to developing and developed countries around the world. With over
500 bank accounts in 175 countries, INTL can efficiently transfer funds
directly for multinational corporations, financial institutions, and
non-profit organizations.
Nexus Systems is a leading provider of automated accounts payable (AP)
and procure-to-pay (P2P) applications. Our web-based applications are
proven to increase business process efficiency, and improve visibility, accountability and control. Nexus Systems’ flagship product, NexusPayables,
completely automates the AP process and is recognized as the best-inclass paperless solution.
Northern Illinois University (NIU)
BOOTH 204
Invesco
BOOTH 112
Invesco Global Liquidity’s long tradition of providing high-quality products,
a proven management philosophy, advanced credit research, innovative
technology and responsive service has paved the way to become one of the
premier cash managers in the industry. Committed to the money market
fund business since 1980, we have created a comprehensive menu of
US-based and global liquidity products.
NIU’s MBA Program is one of the premier AACSB-accredited programs in
Chicago. What sets NIU’s MBA apart from others? The curriculum provides the knowledge and tools you need for success in today’s fast-paced
and competitive business environment. Integrative learning experiences
and international travel extends formal learning from the classroom to the
business world. Students can build their professional network with our
8,000-plus MBA alumni.
Northern Trust
J.P. Morgan Asset Management
BOOTH 218
J.P. Morgan Global Liquidity, a division of J.P. Morgan Asset Management,
offers institutional liquidity investors a broad range of market-leading
solutions designed to meet their investment needs globally. Managed with
relentless risk control, our products are available in a range of vehicles,
currencies, durations and risk levels.
BOOTH 515
Northern Trust is a leading provider of asset servicing, fund administration, asset management, and banking solutions for institutions, families,
and individuals worldwide. The Chicago-based bank has 19 domestic and
20 international locations, with US$6 trillion in assets under custody and
US$934.1 billion in assets under management.
Phoenix Hecht
KeyBank
CTP Courses
KeyBank Enterprise Commercial Payments delivers integrated treasury,
merchant services, commercial card, international trade, and foreign
exchange solutions designed to help you run your business better every
day. Cleveland-based KeyCorp (NYSE: KEY) is one of the nation’s largest
bank-based financial services companies, with assets of approximately
$94 billion. Visit us at www.key.com/ecp
Evaluation Forms
Phoenix-Hecht® is an independent provider of treasury performance measures. The Blue Book Compensation Review™ is a free customized benchmark of your bank fees, provided only to corporations sending account
analysis statements for the Bank Price Study. To request your provider’s
performance in our other studies visit www.phoenixhecht.com.
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Promontory Interfinancial Network, LLC.
SWIFT
BOOTH 528
BOOTH 214
ICS® and CDARS® offer the peace of mind that comes with access to
multi-million-dollar FDIC insurance, the opportunity to earn interest on
your deposits, and the flexibility to choose the service or combination of
services that best matches your liquidity needs. With ICS and CDARS, you
no longer have to track changing collateral values on an ongoing basis,
saving you both time and money. To learn more visit www.icsandcdars.com
or contact Sue Kling at (866) 776-6426 ext. 3423.
SWIFT is a member-owned cooperative that provides the communications
platform, products and services to connect more than 10,000 banking
organisations, securities institutions and corporate customers in 212
countries and territories. SWIFT enables its users to exchange automated,
standardised financial information securely and reliably. For more information, please visit www.swift.com.
Tellermate, Inc.
Reval
BOOTH 116
BOOTH 114
Reval is a leading, global SaaS provider of comprehensive and integrated
Treasury and Risk Management solutions. Using Reval, companies can
optimize treasury and risk management activities across the enterprise for
greater operational efficiency, security, control and compliance. For more
information, please visit www.reval.com or contact [email protected].
For over 30 years, Tellermate has been helping businesses count cash
quickly, accurately and efficiently. Today, Tellermate systems process over
$2 billion daily in over 20 currencies and across 30 countries. We’re trusted
by over 250,000 businesses, including household names such as Polo,
Staples, T-Mobile, Burger King, Barclays and HSBC.
Thomson Reuters
SAFEChecks
BOOTH 519
BOOTH 521
SAFEChecks provides check fraud prevention products, including the
Abagnale SuperBusinessCheck and SAFEChecks. Checks manufactured by
SAFEChecks have never been used in a check fraud scam. Other products include Positive Pay, secure check writing, and ACH software. This
software includes “secure seal” barcode technology and Secure Fonts to
prevent altered/added payee names.
With 30 years of experience in driving innovation in the corporate treasury
market, Thomson Reuters is the world’s leading source of intelligent
information. From data to electronic foreign exchange trading platforms,
with FXall capabilities, to our recently launched KYC managed service, we
support thousands of global and regional banks, institutional investors and
corporate clients around the world.
State Street Corporation
BOOTH 423
BOOTH 103
State Street helps you identify opportunities and mitigate challenges,
making your company more effective and resilient. We offer a flexible
suite of services that spans the investment spectrum, including investment
management, investment research and trading, and investment servicing.
For more information, please visit www.statestreet.com.
The Treasury Management Association of Chicago® (TMAC) is a
non-profit professional organization dedicated to providing a forum
for members to exchange ideas and concepts related to cash/treasury
management. Membership is open to persons whose responsibility is the
practice of treasury or financial management within companies,
educational institutions or governmental bodies.
SunGard
UMB
BOOTH 526
BOOTH 226
SunGard’s Corporate Liquidity Select is a leading liquidity and risk management solution for corporations, insurance companies and the public sector.
The solution suite includes credit risk modelling, collections management,
treasury risk analysis, cash management, payments system integration,
and payments execution delivered directly to corporations or via banking
partners.
UMB Financial Corporation, a multi-bank holding company, celebrated its
100 -Year Anniversary in 2013. UMB provides banking and other financial services to commercial, retail, government, and correspondent bank
customers in the United States. The company operates through four segments: Commercial Banking, Payment Solutions, Institutional Investment
Management, and Asset Servicing.
SunTrust
Zentest Software LLC
BOOTH 507
BOOTH 104
SunTrust Robinson Humphrey, the corporate and investment banking arm
of SunTrust Banks, Inc., provides comprehensive capital raising, strategic
advisory, risk management, and investment solutions to corporate clients
across the nation. It offers a complete array of solutions for companies
across all industries, with in-depth industry expertise across eight core
sectors.
Zentest Software, a niche Quality Assurance provider, helps banks
dramatically reduce time to market for Treasury and Cash Management
implementations through its Readiness to DeployTM solutions. Based out
of Wilmington, DE, Zentest’s clients include TD Bank, M&I Bank, UMB Bank
and product vendors such as ACI, Fundtech, etc.
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NOTES
63
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Notes
NOTES
64
Take your business to
best-in-class
Where do the inefficiencies and risks in your treasury and accounting
processes lie? What can you automate? What can you digitize? What
can you do better, faster, cheaper, and more securely? It’s difficult to
look at your own operations objectively. That’s where we come in.
When you work with Wells Fargo, we’ll put you on the path toward
best-in-class performance by helping you see your financial processes
through new eyes.
Learn more at treasuryinsights.wellsfargotreasury.com.
© 2015 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
WCS-1250020

final program - Windy City Summit

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