Jul 2009: Don E. Smith - Top 10 Treasury Strategies for doing more with less

ASWA Seattle Chapter #9

Speaker Highlights

July 22, 2009

“The Top 10 Treasury Strategies for doing more… with less”

Presented by

 

Don E. Smith

VP Senior Treasury Product Delivery Officer

Global Product Delivery – Treasury

Bank of America Merrill Lynch

 

 

Goals of Treasury Management

1.      Improve efficiency in your back office and day-to-day operations by automating or streamlining your activities

2.      Help you gain more control through increase visibility and access to information and protection against fraud

3.      Provide you the tools to concentrate and maximize the value of your working capital, operating reserves and strategic cash

 

Strategies 1 – 10

10. Transition your payments away from paper and checks

9.   Electronify your payments with card solutions

8.   Think and act globally

7.   Auto reconcile bank statements/transactions

6.   Stop “going to the bank” …for transactions that you could do online or electronically

5.   Outsource receivables and payables

4.   Automate posting of A/P

3.   Automate post of A/R

2.   Prevent check and ACH fraud before it happens

1.   Invite your banker out to lunch for creative ideas for your business