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Treasury Best Practices: Improving Global Cash Visibility

In a global economy, it’s no longer feasible for treasury teams not to have full visibility of all of the organization’s worldwide cash. Establishing full visibility can have wide-ranging benefits, from reduction in debt to lower banking costs and improved security.

View the recording of this 30 minute session from the convenience of your desk, to hear what steps you can take to improve global visibility.

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Treasury Best Practices: Improving Global Cash Visibility

  1. 1. Jacob Nygren - Principal, Treasury Strategies Greg Person - Vice President, Global Presales, Kyriba Improving Global Cash Visibility – March 10th, 2016
  2. 2. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. 2 Today’s Presenters Jacob Nygren CTP Principal, Treasury Strategies jacob_nygren@treasurystrategies.com Greg Person CTP Vice President, Global Presales, Kyriba gperson@kyriba.com
  3. 3. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. 3  Importance of global cash visibility  Global considerations  Strategic approach to achieving cash visibility  Benefits  Q&A Agenda - Improving Global Cash Visibility
  4. 4. Importance of Visibility
  5. 5. ‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL. Importance of Visibility  Visibility is an enabler  Opportunity to make informed, effective decisions  Borrowing and re-financing  Investing/cash optimization  Cash flow forecasting/variance analysis  Risk management/hedging  Visibility is more than just bank account balances
  6. 6. Global Considerations for Visibility
  7. 7. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. 7 Do I understand my current liquidity structure… globally?  Global bank balance visibility  Corporate and local debt obligations (including i/c)  Available local credit lines  Local business and cash flows  Insight to future liquidity demands – Forecasting objectives and process – Seat during the planning process – Internal alignment and buy-in Comprehensive Global Visibility
  8. 8. ‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL. What’s my liquidity position today? 1) Connect to all of my banks via: – Banking partner – SWIFT (MT concentrator or service bureau) – Direct connections to banks – Country protocols (e.g. EBICS, Zengin) – Treasury Management System Tip: usually a combination is best Global Visibility Considerations – Bank Connectivity
  9. 9. ‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL. What’s my liquidity forecast tomorrow, next week / month? 2) Develop liquidity forecast: – Identify the right people (e.g. regional controllers) – Determine the right sources (e.g. ERP, credit lines, working capital analysis) – Understand your company’s business objectives – Implement the right technology to consolidate & provide feedback (e.g. TMS) Global Visibility Considerations – Liquidity Forecast
  10. 10. ‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL. How efficient is my liquidity structure? 3) Analyze effectiveness – Do I have too few or too many banks? – Do I have too few or too many bank accounts? – Am I able to mobilize cash efficiently? – Am I educated on regional tax implications and local regulations? – Is my forecast accurate? If not, why? Global Visibility Considerations – Process Efficiency
  11. 11. Strategic implications of Cash Visibility
  12. 12. ‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Cash visibility is a top strategic challenge Global Visibility
  13. 13. ‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Challenges in getting global visibility – Inefficient bank account structure – Lack of streamlined technology – Limited support from banking partners Global Visibility
  14. 14. ‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Overcoming Challenges – Review and streamline your bank account structure – Deploy an efficient technology infrastructure – Leverage partners and relationships Global Visibility
  15. 15. ‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.  More effective cash management  Better forecasting  Greater control  More intelligent decision making  Elevation of Treasury Benefits of Global Visibility
  16. 16. ‹#›© 2014 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Establish a vision  Review existing practices / structures  Explore technology  Build a business case Getting Started
  17. 17. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. 17 Additional Resources Best Practice Guide on Achieving Maximum Cash Visibility Get Guide: http://kyri.ba/MaxCashVisibility Further Reading: “Why cash visibility is critical – and not just if you’re cash- strapped”
  18. 18. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. 18 Thanks for attending facebook.com/kyribacorp twitter.com/kyribacorp linkedin.com/company/kyriba-corporation youtube.com/kyribacorp slideshare.com/kyriba kyriba.com/blog

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