It’s cash management – but not as you know it. That’s why we decided to give our annual cash management conference a new look this year – and a new name: Smart Cash.
On 8-9 February 2017, the first conference of our 2017 events programme brought together nearly 200 cash management professionals over two days.
A clear favourite with the audience were the sessions focusing on cyber security in treasury:
- a well-structured panel discussion, featuring corporate treasurers, as well as a cyber security specialist, put the spotlight on payment fraud and its implication for the corporate treasury
- Jonathan Williams offered an impressive overview of the current payment regulation landscape and valuable advice on how to prepare against financial crime
- last but not least, Dave Clemente definitely had the right statistics and insights into the latest trends in fraud to make even the most optimistic of treasurers in the room worry about their treasury function’s security
- Karen Toh, Treasurer at Grosvenor Group, showed how her team is managing a multi-year treasury transformation process in a decentralised treasury context – we are still unsure how she found the time to join us at the conference
- is the love for pooling cooling? We asked Bert Heirbaut from InterContinental Hotels Group. In an entertaining presentation, he introduced the audience to the Group’s cash pooling structure and answered our question with a resounding no. (Hint: IHG loves pooling!)
Another key focus of the conference was FinTech and its impact on cash management:
- possibly unaware of the irony in combining the traditional format of an Oxford-style debate with the forward-looking topic of FinTech, two of our cash management experts battled one other in a fierce debate centred around the (cash-)motion: This House believes…that FinTech will improve cash management
- the audience had the final say with good, old-fashioned red and green voting paddles – and despite a number of excellent arguments against the motion by Naresh Aggrawal, the overall vote was in favour of FinTech (and Bill Wrest)
For further reading on the event, we recommend:
- the compact summary of the cash-athon sessions highlighting the key pain points for corporate treasurers when making and collecting payments, published on CTMfile
- our comprehensive conference report which will be published in a couple of weeks – watch this space
A big thank you to everyone who was involved in the ACT Smart Cash Conference – we hope you enjoyed the two days.
And if the depth and breadth in cash management knowledge of our fantastic speaker faculty inspired you to advance your own career in this field, have a look at our two-day training course in Advanced Cash Management and don’t forget that the enrolment deadline for the Certificate in International Cash Management is on 15 March!