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International Treasury: How Kyriba Helps you go Global

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Presentation by Greg Person at the 2015 AFP National Conference

Publicado en: Empresariales
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International Treasury: How Kyriba Helps you go Global

  1. 1. International Treasury 10/20/2015 | Greg Person
  2. 2. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Global Treasury What’s different? Let’s get started..
  3. 3. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Financial Controls What’s different about ‘global’ treasury? • Cash mobility • Borrowing and investing • Fraud prevention • Policies and procedures • Netting / Cash pooling • Bank optimization • FX volatility • Counterparty risk • New people • More languages, time zones Cash and Liquidity Treasury Structures Risk Management New business culture
  4. 4. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Going global – where to start? Global Visibility & Payments Policies, Procedures, and Control Cash & Liquidity Structures Treasury Structures
  5. 5. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Structure of the treasury team may change – organically or by design – Representation in local markets – Time zone and language support – Shared services  Especially if team is regionalized or decentralized: – Ensure centralized visibility and control over treasury ops – Standardized policies/procedures – Central technology platforms (TMS, file sharing) Treasury Structure
  6. 6. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Going global – where to start? Global Visibility & Payments Policies, Procedures, and Control Cash & Liquidity Structures Treasury Structures
  7. 7. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. How to obtain global visibility 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
  8. 8. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. How to obtain global visibility 2) Develop global cash forecast: – Identify the right people (e.g. regional controllers) – Determine the right sources (e.g. ERP) – Implement the right technology to consolidate & provide feedback (e.g. TMS, spreadsheet) Global Visibility
  9. 9. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. How to obtain global visibility 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 the tax implications and local regulations in each region (e.g. is notional pooling permitted?) Global Visibility
  10. 10. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Complete current treasury visibility & actionable information – 1200+ existing bank connections – 500+ payment formats library Global Visibility with Kyriba
  11. 11. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Increasing complexity and scale –Local formats and central bank requirements –Demands flexible bank connectivity –SSC operates a payment factory, centralizing all outgoing corporate payments –Payments-on-behalf-of (POBO) is a common model in SSCs –Intercompany transactions to be made on the back of each payment International Payments
  12. 12. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Standardize approval workflow across multiple banks and types of payments  Control the separation of duties in the payment process  Intuitive and interactive process maps to enhance payment controls  Dashboard and mobile app payment approval capabilities Control the Payment Lifecycle
  13. 13. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Track Payment Status of Bank Acknowledgements  Global payment format libraries (XML, EDI, SWIFT) and existing bank connectivity channels  Monitor 4 payment acknowledgement levels from SWIFT and Bank  Complete visibility from initiation, to approval, acknowledgement, and GL account posting
  14. 14. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Going global – where to start? Global Visibility & Payments Policies, Procedures, and Control Cash & Liquidity Structures Treasury Structures
  15. 15. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Globally, need physical (rather than notional) cash pooling – Unlikely to use same bank across all pooling regions  Often separate pools by region – rolling up to one global pool – Common to have North America, Europe, Asia  Demand for cash mobility (and tax) will determine balances kept within each region vs. swept “home” Global Cash Mobilization
  16. 16. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Interactive liquidity position worksheets to determine HQ, regional and local funding needs  Powerful cash pooling tools , intergroup lending and in-house bank solutions  Multi-bank target balance calculations and automatic cash consolidation bank transfers Optimize Global Intergroup Liquidity with Kyriba
  17. 17. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Multi-lateral netting = to determine net currency positions for each subsidiary  Can be internal and/or external  FX typically at netting center  Benefits: – Minimize payments – Reduce FX transactions – Eliminate transaction costs Multi-lateral Netting Netting Center Subsidiary Subsidiary Subsidiary Subsidiary
  18. 18. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Manufacturing Entities Intercompany Payments Without a Netting Process Americas Entities EMEA Entities Distribution Entities Asia Pacific Entities LATAM Entities
  19. 19. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Kyriba Multi-lateral Netting Solution EMEA Entities LATAM Entities Manufacturing Entities Americas Entities Distribution Entities AsiaPacific Entities Global Netting & In-house Bank Entity  Reduce time, cost and errors in timely settlement of interco invoices  Consolidate and hedge FX Exposures  Optimize global cash balances at regional treasury centers
  20. 20. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Going global – where to start? Global Visibility & Payments Policies, Procedures, and Control Cash & Liquidity Structures Treasury Structures
  21. 21. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Must update (or create!) treasury policies, operational controls and KPI reporting for the Global Organization – Lack of standardization = opportunity for mistakes or fraud – Lack of visibility = unable to make effective decisions – Difficult to grow with business – risk falling behind if not efficient or scalable Policies, Procedures and Controls
  22. 22. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL. Effective BAM practices ↑ in importance when global 1) FBAR • Required to track US signers/approvers from 2010 – present 2) Fraud prevention • Without visibility and control over accounts… bad things can happen 3) Bank (and bank fee) optimization • Need visibility to know cost vs. use of accounts and relationships to make best keep/close decisions Bank Account Management
  23. 23. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Standardize the global BAM request and approve process  Mitigate operational, payment, fraud and compliance risk  Improve global cash visibility to optimize financial decisions  Reduce fees by rationalizing accounts  Efficiently integrate M&A activity  Repurpose time preparing for audits Optimize BAM Process with Kyriba
  24. 24. © 2015 Kyriba Corp. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Set clear objectives  Active monitoring  Realign as company evolves Policies, Procedures and Controls - Measurement Global Subsidiary Bank Account and Signer Scorecard Global IHB Balance Limits
  25. 25. ‹#›© 2015 Kyriba Corporation. All rights reserved. PROPRIETARY & CONFIDENTIAL.  Treasury structure – Centralized, regionalized, decentralized – Accommodation for timezones and languages  What are we trying to solve for? – Align with corporate objectives – Prioritize major enhancements  Do we understand the regional differences? – Business model, supply chain and liquidity needs – Banking regulations – Tax implications  Do I have the right technology? – Treasury management – ERP – Internal file sharing – Banking Summary: Considerations for a global treasury
  26. 26. Questions?

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