Six things to plan for in 2018

As we head rapidly towards the end of the year, we offer some thoughts for issues that may not be front of mind, but which, nevertheless, you may want to consider as we enter the year ahead. 1. Rising Interest Rates The period of very low interest rates may be coming to an end. Now is the time to make sure your teams appreciate the potential impact of operating in a higher interest rate environment, something many of them will not have experienced. As well as checking covenant triggers, the organisation’s fixed/floating mix and interest rate policy should all be

Is training and development on your budgeting radar?

Whilst most treasuries will be thinking about their strategic priorities for 2018, some may not be considering how their team’s performance will impact their business’ ability to meet those priorities. For many managers, training and development happens when you’ve got a problem in your team so it can tend to be quite reactive in nature. Taking a more strategic approach to the planning of any training and development activities can reap so many benefits. Some questions to ask yourself: Do you know what your organisation’s overall strategic objectives are for 2018? Have you started planning how your treasury priorities fit

No cash management, no long-term future

Cash management is often seen as the routine part of the job, the bit where process can be perfected and no-one in the company takes much interest until something goes wrong, like a supplier is not paid. That is a myth! Cash management is the glue which holds the company together and it is the start of the whole strategic process. It’s also a way for the treasurer to get their foot in the door of operations and really find out what is going on. Funding the company is arguably the only job which the treasurer must always get right

How to get the best from learning online

Vanessa Harwood-Whitcher, ACT’s Director of Learning shares her tips on how to learn online. More and more companies are using eLearning as a cost effective and easy way to train their employees. Whilst this brings great advantages to the employer, eLearning can sometimes feel a bit daunting for us learners. Here are some ways to make the most of learning online: Tip 1: make a study plan Think about what skills you need to develop and make a note of these before you start learning. Have a think about why you want to learn them and once you’ve completed your

It’s cash management – but not as you know it

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. An impressive panel with great insights from the Corporate users…how do you get comfortable with ‘clouds’ #smartcash17 (@dubey1234) 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

Priority areas of improvement?

The 2016 joint annual poll conducted by financial cloud software provider Kyriba and the ACT found that 62% of respondents had been targets of either internal or external fraud over the past year – up from 43% in the previous survey. But while fraud prevention would, on that basis, appear to be a priority area for improvement, respondents indicated they were far more focused on honing their skills in other areas, such as: cash and liquidity management; cash-flow forecasting; treasury automation; and risk management. The survey revealed that resource-strapped treasurers face the concurrent issues of growing operational complexity, more onerous

Recollections from where East meets West

What stood out to me during the recent Asia Treasury Leaders’ Forum 2016 was the sheer diversity of professionals assembled with a keen interest to learn and share information about the design of their organisational roles and functions (yes, this was what stood out to me more than the mighty cuisine Peter would point out). Having been to a couple of corporate conferences myself, I was pleasantly surprised by not only the ability of the panellists and moderators to induce thought-provoking insights, opinions and conversations, but I was taken aback by the manner in which conversations never seemed to drift

Technical update from the ACT Asia conference 2016

Top notes from this year’s Asia Treasury Leaders’ Forum conference hit on corporate treasury in the region, uncertain times and investing cash in China. Last week was my third appearance at the ACT’s Asia conference and I have to say it gets bigger and better each year. There was definitely a real “buzz” in the exhibitors’ hall and the sessions were well attended. Delegates stayed all day instead of “cherry-picking” sessions as they tend to do in Europe, but these were the key messages and “take-a-ways” I picked up from the three plenary sessions: 1. Opening keynote: Making Hong Kong