How to Prepare for the Future of Treasury

September 10, 2018
Daniel Shaffer
Future of corporate treasury

The future of treasury is clearly digital. Just look to the agendas and speaking titles for the Association for Financial Professionals (AFP) 2018 conference in Chicago, the professional society committed to advancing the success of its members and their organizations, and you will see cloud solutions are the dominant building blocks for the modern treasury professional. This should be no surprise, since the role of the treasurer has been expanding for years, and recently treasury is called on by the CFO to provide data analytics that enable real-time decision support about the financial health of the organization. In fact, a recent report from The Hackett Group sponsored by Kyriba showed that the CFO’s performance is tied to digital treasury transformation. Preparing for tomorrow's challenges with a modern approach to data analytics can be the key to career growth and company growth.

Related reading: The CFO as Chief Growth Officer

If you’re curious about the future of treasury and how real-time payments (RTP), cryptocurrencies, and cash visibility will impact your organization, there are a few local AFP chapter events this month that you will want to attend or ask about. You can also check back in to Kyriba’s blog for more information and key take-a-ways.

Here is a schedule of local AFP chapter events you don’t want to miss:

Sept. 12

AFP, Vancouver, “The True Value of a Treasury Management System” will showcase a round-table of subject matter experts. This in-depth presentation will highlight how to best derive value from your TMS. According to AFP Vancouver, “[t]he panel will look to cover topics such as; building the case for a TMS, what are next generation treasury systems, bank connectivity and the top 5 features of a treasury management system.”

Sept. 13

AFP, San Diego is hosting an all-day symposium with keynote Dan McAllister, San Diego County Treasurer-Tax Collector, to propel education in leadership and treasury. One of the afternoon sessions, “TMS + SWIFT = Three” features Kyriba’s VP of Strategy Bob Stark, who will talk about the importance of connectivity and real-time cash visibility, how to minimize risk of fraud, how to standardize controls, and lower costs.

Sept. 17

AFP, Northern Ohio Idea Exchange is helping treasurers and financial professionals better understand the future of treasury with a day of educational presentations and peer networking. You’ll not want to miss keynote speaker Mike Mulhall Vice President of Operations for the Greater Cleveland Sports Commission and a special afternoon session to bring out the best way to kick-off your digital transformation: “To RFP or Not To RFP?? - Best Practices When Selecting Treasury Technology” by Philip W Dregalla, Kyriba.

Sept. 20

AFP, Dallas Big D AFP Annual Treasury and Finance Conference, Dallas AFP’s annual networking and education event, will feature a day of thought leadership sessions, multiple keynotes and more. Kyriba’s VP of Strategy Bob Stark is presenting “The Next Generation of Treasury,” with a focus on data visualization, cryptocurrencies, real-time payments, blockchain, APIs and more.

Preparing for the future of treasury is as simple as attending one of these for events or depending on your schedule, check in with the AFP for alternative speaking events in your area. Additionally, Kyriba hosts educational webinars that can be accessed live online for CTP credits. As the role of the treasury professional continues to expand, the demand for education is becoming as important as innovation in treasury and finance technology. Attending these and similar events will ensure you have the right information to propel your career and drive bottom line value at your organization.