What is the day in the life of a treasurer after deploying a treasury management system? Customer experts from Finning and Federal-Mogul detail what life is like for them at their respective companies, and how they have used technology to optimize their work flows and increase efficiency.

1. DAY IN THE LIFE OF
TREASURY MANAGEMENT

2. Finning
Treasury Management
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3. Finning Overview
• Finning is the world's largest Caterpillar dealer delivering
unrivalled service for over 80 years.
• Sell, rent and provide parts and service for equipment and
engines
• Operate in various industries, including mining,
construction, petroleum, forestry and a wide range of
power systems applications
• Operate in western Canada, Chile, Argentina and Bolivia
in South America and UK and Ireland in Europe
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Santiago
Bolivia
Argentina
Chile
Cannock
United
Kingdom
IrelandBC AB
YT
Edmonton
Vancouver
head office
NWT
SK
NU
• Annual revenues ~6B CAD
• 35% revenues new equipment sales, 56% product support, 9%
equipment rental, used equipment sales and other
• ~ 50% of revenues Canada, 35% South America and 15% UK/ Ireland
• Over 12,000 employees
• Global head office headquartered Vancouver, British Columbia

4. Treasury Organization – Hybrid Model
Centralized head office Vancouver
• Team of 7:
• SVP Corporate Controller & Treasurer
• Assistant Treasurer
• Senior Manager, Cash & Risk
• 4 Analysts
• Responsibilities
• Canada Cash & Forecasting
• Global FCF consolidation, reporting and
management
• Global FX Management
• Global Banking Relationships
• Global Borrowings
• Global I/C Loans
• Global Investments
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South America Operations
Regional Treasury Center in Montevideo, Uruguay for all
South America
• Team of 5
• Treasury Director
• Cash Manager
• 3 Analysts
• Responsibilities
• Local Cash Management, forecasting and working
capital management
• Local borrowings, letters of credits
• Local ST investments
UK/ Ireland Operations
Centralized in Cannock, UK
• Team of 2
• Treasury Manager
• 1 Analyst
• Responsibilities
• Local Cash Management, forecasting and working
capital management

5. Kyriba at Finning
Implemented Kyriba in 2014 – global go live 2015
• Cash Positioning and Forecasting
• Cash Accounting
• Financial Transactions
• Payments
Benefits:
• Global Cash visibility
• One system of record
• Automation of treasury cash accounting entries (in Canada)
• Easy extraction of information (outstanding financial transactions)
• One system to approve payments (in Canada)
Next Steps
• Further automation of inputs into forecast
• Further integration with ERP and other systems
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6. Federal-Mogul LLC
Cash Management
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7. Company Overview
• Federal-Mogul LLC is a privately held global
supplier of technology and innovation in
vehicle and industrial products for fuel
economy, emissions reduction, and safety
systems
• Highly diversified across end markets,
industry channels, geographies and
customers
• The company operates as two separate
segments
• Powertrain - OEMs and OESs of light
automotive, medium and heavy-duty
commercial vehicles, off-road, agricultural,
marine, rail, aerospace, power generation
and industrial equipment
• Motorparts - Worldwide aftermarket
business
• Net Global Sales ~ $8B
• ~ 60 % Powertrain and ~40% Motorparts
• ~75% Light Vehicles; ~15% Commercial
Vehicle; ~10% Energy, Industrial &
Transport
• Sales are distributed between three
geographic regions: North America, EMEA
and ROW mostly APAC
• 37% NA, 44% EMEA & 19% ROW
• ~ 55k Employees in 24 countries in 122
manufacturing sites, 44 distribution centers /
warehouses
• The back offices are quite decentralized
with some shared service centers in the
U.S., Mexico, Europe & China
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8. Treasury Organization
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9. Treasury / Cash Management Structure
(decentralized treasury organization setup)
US / Mexico Treasury
• Treasurer
• Assistant Treasurer – Cash Management
• Cash Manager
• 2 Treasury Analysts
Responsibilities:
NA Cash & Liquidity Management including Forecasting
High Level Global Cash Liquidity Oversight
Global Bank Relationship
Global Working Capital Management
Global S/T & L/T Borrowings
Global I/C Loans
EMEA / APAC Treasury
• EMEA Treasury Centers in Germany,
Romania
• Treasury Manger
• Treasury Analyst
Responsibilities:
European Cash Management
Physical Cash Pooling (Europe)
Notional Cash Pooling & Netting (Global)
• APAC Treasury team in China
• Accounting / Treasury Manager
• Treasury Analyst
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10. Kyriba Benefits
Prior to TMS
• Extensive usage of Excel Spreadsheets to
prepare
• Cash positioning
• Forecasting
• Maintaining Inventory of Bank Accounts and Signers
• Unsatisfactory Global Cash Visibility
• Each region to gather balances / transactions through
various banking portals and weekly reporting to the
U.S. Treasury via emails / SharePoint weekly
• No timely validation to ensure cash position accuracy
• Limited flexibility to manage / employ global cash
effectively
• No centralized validated depository of bank accounts
& signers
After Kyriba Implementation
• Visibility into Global Bank Accounts,
Timely & Accurate Reporting
• Improvement in Global Forecasts
• IHB provides Daily Visibility of I/C
Balances of Physical Pool Participants
• Cost Savings
• Improved Management of Resources
• Enhanced Controls & Corporate
Oversight
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11. Implementation Scope
Initial Scope
• Global Daily Bank Balances & Transactions
Auto Pull
• Centralized Reporting and Consolidation of
Cash Positioning and Cash Flow Forecasting
• Centralized Maintenance of Intercompany
Loan Register including Documentation
• Centralized Maintenance of External Debt
Register including Documentation
• Centralized Bank Accounts & Signers Register
including Documentation
Potential Future Scope
• Bank Fees Analysis
• Payment Management
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12. Federal - Mogul Cash Management Cadence
Utilizing Kyriba
Daily
• US
• Balance / Review Prior Business Day Cash
Transactions & Balances
• Auto Reconciliation and Validation to Forecast
• Executing Treasury Payment Transactions
• Assessing Current Day Cash Position and
Reviewing S/T Borrowing Needs
• Preparing Global Cash Position and 2-Week
Forecast
• Europe & Asia
• Balance / Review Prior Business Day Cash
Transactions & Balances
• Auto Reconciliation and Validation to Forecast
Weekly / Monthly / Quarterly
• Weekly
• Preparing 2-Week Forecast; Uploading
into Kyriba
• Executing S/T Borrowings; Adding
tranches to Kyriba
• Monthly
• Preparing 3-Month Forecast; Uploading
into Kyriba
• Quarterly
• I/C Loan Register, Bank Account &
Signer Validation & Certification
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13. THANK YOU
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