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Proprietary & Confidential: Strategic Treasurer, LLC © 2015
TheWebinar will begin shortly.
If your computer speakers are n...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Upcoming Webinars
Fall 2015
Next Webinar: November 2015
Buildi...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Craig A. Jeffery
Managing Partner
StrategicTreasurer
Today’s S...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Agenda
Changes in the Payment Space
Standardization & Scalabil...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Changes in the Payment Space
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Scope & Growth
0% 10% 20% 30% 40% 50% 60%
Treasury
Invoicing
P...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Treasury vs. A/P
• LowVolume
• HighValue
• Distribute Repaymen...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Formats
BAI: fixed location, positional
SEPA (XML) Example: fl...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Standardization & Scalability
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Payment Flows
TMS
Treasury
PMTs
DebtFXCash
Accounts Payable
ER...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Payment Centralization
Centralization of Payments = Convergenc...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Payment Centralization
Centralization of Payments = Convergenc...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Payment Controls
1. Data Security
Encryption of data ‘at rest...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Regional Differences in Approach
North America
• Historically ...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Regional Differences in Approach
Domestic Payments
• Centraliz...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Sources of Confusion
1. Equivocation of Terms
Payments
• Card
...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Sources of Confusion
2. Payment Challenges
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Fraud Issues & Concerns
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Weakest Link? BYOD
Point of Exposure
• Computer
• Laptop
• Tab...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Imposter- Man in the Email
31%
58%
11%
0% 10% 20% 30% 40% 50% ...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
File Exposure
Manual User
$
Area File
File Exposure
Data Acces...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Questions & Answers
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
Craig Jeffery, Managing Partner, StrategicTreasurer
craig@stra...
Proprietary & Confidential: Strategic Treasurer, LLC © 2015
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Critical Thinking for Treasurers with Strategic Treasurer & Kyriba: Payments

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In an increasingly complex and changing landscape, managing payments effectively and securely is a critical element of treasury's daily role. If done correctly, and effective payments management workflow can drive tangible benefits for the organization while minimizing risk. This webinar outlines how treasury can help manage payments, and gives insight into the strategic thinking that is required to deliver value to the organization.

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Critical Thinking for Treasurers with Strategic Treasurer & Kyriba: Payments

  1. 1. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 TheWebinar will begin shortly. If your computer speakers are not functioning or you require audio via mobile phone, dial toll free: +1 (888) 858-6021 Participant code: 8339195618. Webinar Series Critical Thinking for Treasury: Managing Payments Presented by &
  2. 2. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Upcoming Webinars Fall 2015 Next Webinar: November 2015 Building the Business Case Date 2:00 – 3:00 PM EST 1.2 CTP Re-certification credits
  3. 3. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Craig A. Jeffery Managing Partner StrategicTreasurer Today’s Speakers Bob Stark Vice President Kyriba GlobalTreasury Management Treasury & Risk Technology Financial Risk Management Working Capital Optimization Staffing FBAR Filing Implementation Support DART: Dashboard
  4. 4. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Agenda Changes in the Payment Space Standardization & Scalability Fraud Issues & Concerns Q&A
  5. 5. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Changes in the Payment Space
  6. 6. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Scope & Growth 0% 10% 20% 30% 40% 50% 60% Treasury Invoicing Payments Cash Reporting None We intend to make significant information technology investments in the next year in the following areas: 2013 2014 30% 25% 19% 14% 11% 0% 5% 10% 15% 20%25% 30% 35% Less than 1,000 per month Between 1,000 and 10,000 per month Between 10,000 and 100,000 per month Between 100,000 and 1,000,000 per month Over 1,000,000 per month Our monthly check payment volume falls most frequently into the following range: 2015 Rapid Research: Check & Check Signature Survey2013-14 Cash Forecasting & Visibility Survey
  7. 7. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Treasury vs. A/P • LowVolume • HighValue • Distribute Repayments • Internal Payments • Cash MGMT Movement • FX Settlements • Deals • Wire • Account • HighVolume • LowValue • Check • Card • ACH • Rent Payments • Payrolls • Supplies • Etc. Treasury Types Types of Payment A/P, P/R Types Typical Payment
  8. 8. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Formats BAI: fixed location, positional SEPA (XML) Example: flexible format description Newer formats add value over time through increased efficiency and flexibility and less time spent chasing down files which have rejected. Date in the enriched file formats has the label with it <Dt>2015-10-11</Dt> (is October 11). • Dependent on tags rather than placement and order in the file, an error in one tag or an accidental omission by the bank will no longer cause an entire file to reject. • Date in the positional files is determined by location, ,860621, isJune 21st in the 4th record of the header.
  9. 9. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Standardization & Scalability
  10. 10. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Payment Flows TMS Treasury PMTs DebtFXCash Accounts Payable ERP Order Received A/P Print USPS USPS Communications £ $ € £ $ € Payment Flows Banks Banks SWIFT Vendor
  11. 11. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Payment Centralization Centralization of Payments = Convergence ofTreasury & Supplier Payments into a standardized workflow Primary Drivers Shared Services/POBO Cost reduction Improved visibility Fraud prevention Treasury Accounts Payable
  12. 12. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Payment Centralization Centralization of Payments = Convergence ofTreasury & Supplier Payments into a standardized workflow Primary Drivers Shared Services/POBO Cost reduction Improved visibility Fraud prevention Treasury Accounts Payable Features Centralized connectivity via payment hub Multiple connectivity channels Intercompany transactions (on behalf of) Standardization across all banks, geographies, payment types
  13. 13. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Payment Controls 1. Data Security Encryption of data ‘at rest’ Encryption of data in transit to/from banks Physical layers of security – including separating people from data 2. Application Security “don’t lose your password…but if you do, don’t let that be enough to access your systems” Strong password controls Multi-factor authentication IP Filtering Separation of duties – approval limits
  14. 14. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Regional Differences in Approach North America • Historically disparate payment workflows • Globalization/Fraud driving payment centralization • Ease of connectivity Europe • Strong history of payment factories • Trend towards format standardization (e.g. SEPA) • More complex connectivity Asia • Varying degrees of sophistication • Much manual processing • Regions like China quickly “catching up” with CIPS • Disparate connectivity
  15. 15. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Regional Differences in Approach Domestic Payments • Centralized payments out of US • Minimal banks • Host-to-host connectivity Growing Internationally • Payments still driven from US • Banks start to increase • Additional connectivity channels (e.g. SWIFT) Globalized treasury • Decentralized payments  shared services • Payment factory/POBO model • Difficult to centralize visibility & control • Multiple connectivity channels
  16. 16. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Sources of Confusion 1. Equivocation of Terms Payments • Card • Wire • ACH – LVP • Check Connections & Integration • FileTransfer • EAI • API • Full Integration
  17. 17. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Sources of Confusion 2. Payment Challenges
  18. 18. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Fraud Issues & Concerns
  19. 19. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Weakest Link? BYOD Point of Exposure • Computer • Laptop • Tablet • Phone Target Hack • HVAC System 28% 50% 31% 14% 8% 39% 0% 10% 20% 30% 40% 50% 60% Information viewing. Email access. Event Notification Transaction approval (example wires) Transaction initiation (example wires) None of the above. BringYour Own Device. Our company allows treasury to do this for (check all that apply): From the 2015 Ongoing GlobalTreasury Fraud & Controls Survey. *Responses as of 9/15/15
  20. 20. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Imposter- Man in the Email 31% 58% 11% 0% 10% 20% 30% 40% 50% 60% 70% No attempts. Some attempts, no success. Yes, we suffered a loss. Has your organization experienced any type of impostor fraud / man in the email attempts or otherwise in the past two years? From the 2015 Ongoing GlobalTreasury Fraud & Controls Survey. *Responses as of 9/15/15
  21. 21. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 File Exposure Manual User $ Area File File Exposure Data Access – Validating PMTs Controls within the system Controls Outside the system $ Checks Approving PMTs and PMT Register within the system Signing a PMT register Change Key Info Bank Bank
  22. 22. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Questions & Answers
  23. 23. Proprietary & Confidential: Strategic Treasurer, LLC © 2015 Craig Jeffery, Managing Partner, StrategicTreasurer craig@strategictreasurer.com | +1 678.466.2222 Bob Stark,Vice President, Kyriba bstark@kyriba.com | 604.916.2760 Kelsey Stephens, Marketing &Webinar Management, StrategicTreasurer Kelsey@strategictreasurer.com | +1 678.466-2234 Contact Information
  24. 24. Proprietary & Confidential: Strategic Treasurer, LLC © 2015

In an increasingly complex and changing landscape, managing payments effectively and securely is a critical element of treasury's daily role. If done correctly, and effective payments management workflow can drive tangible benefits for the organization while minimizing risk. This webinar outlines how treasury can help manage payments, and gives insight into the strategic thinking that is required to deliver value to the organization.

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