In this special edition of the AFP Conversations podcast, Jim Kaitz, president and CEO of AFP, discusses risk with Leo Tilman, co-author of "Agility: How to Navigate the Unknown and Seize the Opportunity in a World of Disruption." A leading expert on strategy, risk, finance and a long-time advisor to major companies, institutional investors, and governments, Tilman helped shape the modern concept of risk intelligence and, in collaboration with the U.S. government, created innovative models for public/private partnerships. In this interview, he shares his insights on being agile in today’s environment.

In this special edition of the AFP Conversations podcast, Jim Kaitz, president and CEO of AFP, discusses risk with Leo Tilman, co-author of "Agility: How to Navigate the Unknown and Seize the Opportunity in a World of Disruption." A leading expert on strategy, risk, finance and a long-time advisor to major companies, institutional investors, and governments, Tilman helped shape the modern concept of risk intelligence and, in collaboration with the U.S. government, created innovative models for public/private partnerships. In this interview, he shares his insights on being agile in today’s environment.

AFP Conversations

197. Agility: Dynamically Managing Your Risk Portfolio

Everyone is talking about faster and real-time payments. But for corporate treasury departments in the United States, it hasn’t really caught on yet except for some, very specific use cases. Corporate treasury professionals typically aren’t the ones to jump at investing in some flashy new technology. On the other hand, there is a question of whether the U.S. is going to catch up to other nations. In this episode of AFP Conversations, we discuss real-time, what it has to offer, and what its limitations are, with Kim Ford, Executive Director of the U.S. Faster Payments Council. The Faster Payments Council was established to allow Americans to pay anyone safely and securely, anywhere, at any time and with near-immediate funds availability.  For more insights, download the AFP Payments Guide, <a class="" title="" href= "https://www.afponline.org/publications-data-tools/reports/guides/afp-payments/Detail/electronic-and-real-time-payments-in-practice/" target="">Electronic and Real-Time Payments in Practice</a>, underwritten by MUFG Union Bank.

Everyone is talking about faster and real-time payments. But for corporate treasury departments in the United States, it hasn’t really caught on yet except for some, very specific use cases. Corporate treasury professionals typically aren’t the ones to jump at investing in some flashy new technology. On the other hand, there is a question of whether the U.S. is going to catch up to other nations. In this episode of AFP Conversations, we discuss real-time, what it has to offer, and what its limitations are, with Kim Ford, Executive Director of the U.S. Faster Payments Council. The Faster Payments Council was established to allow Americans to pay anyone safely and securely, anywhere, at any time and with near-immediate funds availability.  For more insights, download the AFP Payments Guide, Electronic and Real-Time Payments in Practice, underwritten by MUFG Union Bank.

196. Real-Time Payments: The Path Forward

Successful politicians have mastered the art of crafting and communicating a desired perception of themselves. Following their model, financial professionals can also carefully craft how they want to be perceived by their peers, their superiors and their employees. In this episode of AFP Conversations, sponsored by Santander, Chad Parsons, Senior Vice President and Corporate Treasury and Deposit Services Leader for Renasant Bank, explains how financial professionals can cultivate the perception and the reputation they really want.

Successful politicians have mastered the art of crafting and communicating a desired perception of themselves. Following their model, financial professionals can also carefully craft how they want to be perceived by their peers, their superiors and their employees. In this episode of AFP Conversations, sponsored by Santander, Chad Parsons, Senior Vice President and Corporate Treasury and Deposit Services Leader for Renasant Bank, explains how financial professionals can cultivate the perception and the reputation they really want.

195. The Politics of Communication

In a repurchase agreement, or repo, one party sells an asset to another party and agrees to repurchase the asset at the same price, plus a premium in the future. The first party gets a much-needed funding and the second party gets to make a little extra money. The repo market is vital to the entire financial system. So when the repo markets fall into trouble, the impact can be massive. That was the fear in September 2019, when quite a bit of cash was pulled out of repos while securities were still coming in. Overnight repo rates increased, as did the Federal Funds Rate. The Fed ultimately stepped in to stabilize things, but questions remain. Will this keep happening? If so, how often can the Fed bail the repo market out? And how might this impact corporate treasury and finance professionals? In this episode of AFP Conversations, sponsored by Invesco, Laurie Brignac, CIO and Head of Global Liquidity at Invesco, and Marques Mercier, Head of Government and Municipal Funds, Invesco Fixed Income, will help us answer these questions and more.

In a repurchase agreement, or repo, one party sells an asset to another party and agrees to repurchase the asset at the same price, plus a premium in the future. The first party gets a much-needed funding and the second party gets to make a little extra money. The repo market is vital to the entire financial system. So when the repo markets fall into trouble, the impact can be massive. That was the fear in September 2019, when quite a bit of cash was pulled out of repos while securities were still coming in. Overnight repo rates increased, as did the Federal Funds Rate. The Fed ultimately stepped in to stabilize things, but questions remain. Will this keep happening? If so, how often can the Fed bail the repo market out? And how might this impact corporate treasury and finance professionals? In this episode of AFP Conversations, sponsored by Invesco, Laurie Brignac, CIO and Head of Global Liquidity at Invesco, and Marques Mercier, Head of Government and Municipal Funds, Invesco Fixed Income, will help us answer these questions and more.  

194. Repurchase Agreements: What Treasurers Need to Know

In this episode of AFP Conversations, Tom Hunt, CTP, AFP's Director of Treasury Services, speaks with Drew Wolff, CFO of International and Channel Development and former Treasurer of Starbucks, about his career. Wolff, a graduate of the United States Naval Academy, explains how Elbert Hubbard's famous essay, "A Message to Garcia," Matters relates to the treasury and finance profession. Financial professionals, what is the next step in your career? Find out with the <a href= "https://dynamic.afponline.org/benefits/p/1">AFP Career Pathing Tool</a>, exclusively available to AFP members. You’ll learn the skills, experience and abilities you need to reach the next level in the treasury and finance profession. Learn more about this tool and AFP Membership at <a href= "https://dynamic.afponline.org/benefits/p/1">dynamic.afponline.org/benefits</a>.

In this episode of AFP Conversations, Tom Hunt, CTP, AFP's Director of Treasury Services, speaks with Drew Wolff, CFO of International and Channel Development and former Treasurer of Starbucks, about his career. Wolff, a graduate of the United States Naval Academy, explains how Elbert Hubbard's famous essay, "A Message to Garcia," Matters relates to the treasury and finance profession. Financial professionals, what is the next step in your career? Find out with the AFP Career Pathing Tool, exclusively available to AFP members. You’ll learn the skills, experience and abilities you need to reach the next level in the treasury and finance profession. Learn more about this tool and AFP Membership at dynamic.afponline.org/benefits.

193. Why 'A Message to Garcia' Matters in Treasury & Finance

There’s often a tendency in FP&A to focus too much on the budgeting, forecasting and planning process, without taking a good hard look at how the overall organizational strategy, people and technology play into the equation. At AFP 2019, a panel discussion looked at how to improve upon that.   In this episode of AFP Conversations, sponsored by Santander, Sarah Moriarty, Associate Director of Financial Management for Harvard University, and Kirby Lunger, former partner with Performance Architects, discuss what it truly takes for FP&A teams to succeed at forecasting and budgeting, and how can they avoid pitfalls along the way. For more insights on budgeting and forecasting, don't miss <a href="https://finnext.afponline.org/">FinNext 2020</a>, March 17-19, in New Orleans, where FP&A professionals meet to create what's next. Register for the event <a href= "https://finnext.afponline.org/registration">here</a>.

There’s often a tendency in FP&A to focus too much on the budgeting, forecasting and planning process, without taking a good hard look at how the overall organizational strategy, people and technology play into the equation. At AFP 2019, a panel discussion looked at how to improve upon that.   In this episode of AFP Conversations, sponsored by Santander, Sarah Moriarty, Associate Director of Financial Management for Harvard University, and Kirby Lunger, former partner with Performance Architects, discuss what it truly takes for FP&A teams to succeed at forecasting and budgeting, and how can they avoid pitfalls along the way. For more insights on budgeting and forecasting, don't miss FinNext 2020, March 17-19, in New Orleans, where FP&A professionals meet to create what's next. Register for the event here.

192. Best Practices in Budgeting and Forecasting

As waves of new technology are being integrated into finance, the FP&A function has a chance to seize the moment and move from a cost center to a service center. But simply adopting new tools is not enough; successfully navigating change requires developing a new mindset that creates value by clearly communicating the meaning of business data. At <a href="https://finnext.afponline.org/">FinNext 2020</a>, finance and leadership expert <a href= "https://finnext.afponline.org/keynote-sessions/closing-keynote-amy-vetter"> Amy Vetter</a>, CEO of The B3 Method Institute and Drishtiq Yoga, will show FP&A professionals how they can embrace innovation, allowing them to become strategic partners and develop collaborative and lasting relationships with customers. A corporate board member, author, and host of the podcast, "Breaking Beliefs," Vetter shares her insights in this episode of AFP Conversations. <a href= "https://finnext.afponline.org/registration">Register</a> for FinNext 2020 before February 14 and save!

As waves of new technology are being integrated into finance, the FP&A function has a chance to seize the moment and move from a cost center to a service center. But simply adopting new tools is not enough; successfully navigating change requires developing a new mindset that creates value by clearly communicating the meaning of business data. At FinNext 2020, finance and leadership expert Amy Vetter, CEO of The B3 Method Institute and Drishtiq Yoga, will show FP&A professionals how they can embrace innovation, allowing them to become strategic partners and develop collaborative and lasting relationships with customers. A corporate board member, author, and host of the podcast, "Breaking Beliefs," Vetter shares her insights in this episode of AFP Conversations. Register for FinNext 2020 before February 14 and save!

191. Becoming a Cherished Advisor in a World of Innovation

This episode of AFP Conversations, sponsored by MUFG, looks at liquidity management, and where it needs to go. What are some of the key considerations for managing current liquidity structures? Olu Adebiyi, Managing Director, Head of Transaction Banking Liquidity for MUFG; Glisson Inguito, Cash Management Manager and Head of Treasury/Cash Management for Konica Minolta; and Amanda Schreiber, Head of Treasury for ICU Medical; answer that question and more.

This episode of AFP Conversations, sponsored by MUFG, looks at liquidity management, and where it needs to go. What are some of the key considerations for managing current liquidity structures? Olu Adebiyi, Managing Director, Head of Transaction Banking Liquidity for MUFG; Glisson Inguito, Cash Management Manager and Head of Treasury/Cash Management for Konica Minolta; and Amanda Schreiber, Head of Treasury for ICU Medical; answer that question and more.

190. Managing Current Liquidity Structures

Organizations that rely on Libor as a benchmark rate need to prepare for its potential end in 2022. But while Federal Reserve and the Alternative Reference Rates Committee (ARRC) have been working diligently to help companies make the transition, many are still not prepared. There are a number of steps that treasurers need to take—and they need to start making them now. In this episode of AFP Conversations, sponsored by Santander, Amol Dhargalkar, Managing Director for Chatham Financial, and Jennifer Earyes, CTP, Head of CFO Strategic Initiatives for Navient and a member of several ARRC workgroups, explain how this major paradigm shift will impact treasury and finance professionals. To learn more, check out AFP's Libor Transition Guide at https://dynamic.afponline.org/libor/

Organizations that rely on Libor as a benchmark rate need to prepare for its potential end in 2022. But while Federal Reserve and the Alternative Reference Rates Committee (ARRC) have been working diligently to help companies make the transition, many are still not prepared. There are a number of steps that treasurers need to take—and they need to start making them now. In this episode of AFP Conversations, sponsored by Santander, Amol Dhargalkar, Managing Director for Chatham Financial, and Jennifer Earyes, CTP, Head of CFO Strategic Initiatives for Navient and a member of several ARRC workgroups, explain how this major paradigm shift will impact treasury and finance professionals. To learn more, check out AFP's Libor Transition Guide at https://dynamic.afponline.org/libor/ 

189. Libor Transition: Key Steps to Prepare

<a href="https://finnext.afponline.org/">FinNext 2020</a> is where you can discover the future of finance. This event, which takes place March 15-17, 2020 in New Orleans, provides attendees with the opportunity to learn from experts in the FP&A community, while connecting with professional peers.   In this episode of AFP Conversations, we discuss all that FinNext has to offer with Bryan Lapidus, AFP’s Director of the FP&A Practice. Lapidus has been instrumental in putting together this year’s agenda. Register for FinNext <a href= "https://finnext.afponline.org/registration/register">here</a>.

FinNext 2020 is where you can discover the future of finance. This event, which takes place March 15-17, 2020 in New Orleans, provides attendees with the opportunity to learn from experts in the FP&A community, while connecting with professional peers.   In this episode of AFP Conversations, we discuss all that FinNext has to offer with Bryan Lapidus, AFP’s Director of the FP&A Practice. Lapidus has been instrumental in putting together this year’s agenda. Register for FinNext here.

188. What to Expect at FinNext 2020

Finance executives know all too well the importance of having good timing. Unfortunately, there isn’t a lot of hard evidence out there about so-called “perfect” timing itself. We make a lot of “when” decisions in our professional lives based largely around guesswork. But there is a better way. In this episode of AFP Conversations, Jim Kaitz, President and CEO of AFP, discusses good timing with New York Times Bestselling Author Daniel Pink. Pink's books on work, business and behavior have won multiple awards and have sold more than 3 million copies worldwide. His latest book, “When: The Scientific Secrets of Perfect Timing,” reveals how timing is truly a science that can help us make smarter decisions, enhance productivity, and boost the performance of our organizations.  Pink will be discussing his research in a keynote presentation at <a href="https://finnext.afponline.org/">FinNext 2020</a>. FinNext, which takes place in New Orleans from March 15-17, is where FP&A professionals meet to create what’s next. Register <a href= "https://finnext.afponline.org/registration/register">here</a>.

Finance executives know all too well the importance of having good timing. Unfortunately, there isn’t a lot of hard evidence out there about so-called “perfect” timing itself. We make a lot of “when” decisions in our professional lives based largely around guesswork. But there is a better way. In this episode of AFP Conversations, Jim Kaitz, President and CEO of AFP, discusses good timing with New York Times Bestselling Author Daniel Pink. Pink's books on work, business and behavior have won multiple awards and have sold more than 3 million copies worldwide. His latest book, “When: The Scientific Secrets of Perfect Timing,” reveals how timing is truly a science that can help us make smarter decisions, enhance productivity, and boost the performance of our organizations.  Pink will be discussing his research in a keynote presentation at FinNext 2020. FinNext, which takes place in New Orleans from March 15-17, is where FP&A professionals meet to create what’s next. Register here.

187. Daniel Pink: The Science of Perfect Timing

<a href="https://conference.afponline.org/">AFP 2020</a> in Las Vegas will be here before you know it. It's the most important event in treasury and finance, and that’s why the <a href= "https://conference.afponline.org/call-for-speakers/submit-a-proposal"> call for session proposals</a> is already open. In this episode of AFP Conversations, we speak with Aurora Gregory, Marketing Communications Strategist and Author of “Get Picked: Tips, Tricks and Tools for Creating Irresistible Speaker Proposals." She has worked with some of the largest companies in the world to help them get their stories up to speed, and in this interview, she provides you with tips on how to get your session proposal ready for prime time. Would you like to tell the story of your organization in front of your peers? Submit a proposal for <a href= "https://conference.afponline.org/">AFP 2020</a> today. Submissions will be accepted through January 17, 2020. To view the guidelines and to submit your proposal, go to <a href= "https://conference.afponline.org/call-for-speakers/submit-a-proposal"> AFP2020.org/CFS</a>

AFP 2020 in Las Vegas will be here before you know it. It's the most important event in treasury and finance, and that’s why the call for session proposals is already open. In this episode of AFP Conversations, we speak with Aurora Gregory, Marketing Communications Strategist and Author of “Get Picked: Tips, Tricks and Tools for Creating Irresistible Speaker Proposals." She has worked with some of the largest companies in the world to help them get their stories up to speed, and in this interview, she provides you with tips on how to get your session proposal ready for prime time. Would you like to tell the story of your organization in front of your peers? Submit a proposal for AFP 2020 today. Submissions will be accepted through January 17, 2020. To view the guidelines and to submit your proposal, go to AFP2020.org/CFS

186. Making Your Conference Session Proposal Stand Out

Real-time payments (RTP) have had a bit of trouble catching on in the U.S., but they may finally be turning the corner, with The Clearing House’s Real Time Payments Network, as well as the Federal Reserve’s upcoming service, FedNow. Treasury professionals on the whole tend to take their time when it comes to adopting new technology. Nevertheless, the prospect of paying and settling B2B payments in real-time is enticing, and it seems like it’s only a matter of time before it breaks through in the U.S. In this episode of AFP Conversations, sponsored by Santander, Larry Mills, Vice President and Assistant Treasurer for Travelers Insurance, and Beatriz Saldivar, Director of Treasury and Payments for Axletree Solutions, discuss how treasury organizations are grappling with transitioning from a batch world to a real-time world. For more insights on real-time payments, check out the <a href= "https://www.afponline.org/publications-data-tools/reports/survey-research-economic-data/Details/epayments-survey/"> 2019 AFP Electronic Payments Survey</a>.

Real-time payments (RTP) have had a bit of trouble catching on in the U.S., but they may finally be turning the corner, with The Clearing House’s Real Time Payments Network, as well as the Federal Reserve’s upcoming service, FedNow. Treasury professionals on the whole tend to take their time when it comes to adopting new technology. Nevertheless, the prospect of paying and settling B2B payments in real-time is enticing, and it seems like it’s only a matter of time before it breaks through in the U.S. In this episode of AFP Conversations, sponsored by Santander, Larry Mills, Vice President and Assistant Treasurer for Travelers Insurance, and Beatriz Saldivar, Director of Treasury and Payments for Axletree Solutions, discuss how treasury organizations are grappling with transitioning from a batch world to a real-time world. For more insights on real-time payments, check out the 2019 AFP Electronic Payments Survey.

185. The Impact of Real-Time Payments on Treasury Operations

In the latest episode of AFP Conversations, sponsored by Santander, we turn our attention to U.S./China business relations. Though China is the fastest growing market in the world and it has gradually opened its doors in recent years, the U.S./China trade dispute has threatened the ongoing relationship between both nations. So the question is, what comes next? To discuss where businesses on both sides go next are Frank Sansone, Treasurer and Senior Vice President for China Construction Bank, and Anton Chan, RMB Specialist, Financial Markets, Americas for Standard Chartered Bank.

In the latest episode of AFP Conversations, sponsored by Santander, we turn our attention to U.S./China business relations. Though China is the fastest growing market in the world and it has gradually opened its doors in recent years, the U.S./China trade dispute has threatened the ongoing relationship between both nations. So the question is, what comes next? To discuss where businesses on both sides go next are Frank Sansone, Treasurer and Senior Vice President for China Construction Bank, and Anton Chan, RMB Specialist, Financial Markets, Americas for Standard Chartered Bank.

184. China: Opening Doors for U.S. Corporates

Libor is expected to be phased out by the end of 2021. Alternatives to Libor rates are emerging across the globe and mechanisms for establishing contractual fallbacks and adjustments to Libor-indexed financial instruments are being developed to minimize disruption, if in fact it does end in 2022. If Libor does end, however, the impacts on treasury will be significant. In this episode of AFP Conversations, sponsored by Santander, we’ll talk about what some of the implications could be for treasury and finance professionals, and what they should be doing in case Libor does end. Joining the podcast are Robert Owens, Director of Fixed Income Strategy for Farmer Mac, and Ruth Hardie, Senior Director of Client Services for Hedge Trackers, who both discussed this topic at AFP 2019. For more insights, visit AFP's <a href= "https://dynamic.afponline.org/libor/p/1">Libor Transition Guide</a>.

Libor is expected to be phased out by the end of 2021. Alternatives to Libor rates are emerging across the globe and mechanisms for establishing contractual fallbacks and adjustments to Libor-indexed financial instruments are being developed to minimize disruption, if in fact it does end in 2022. If Libor does end, however, the impacts on treasury will be significant. In this episode of AFP Conversations, sponsored by Santander, we’ll talk about what some of the implications could be for treasury and finance professionals, and what they should be doing in case Libor does end. Joining the podcast are Robert Owens, Director of Fixed Income Strategy for Farmer Mac, and Ruth Hardie, Senior Director of Client Services for Hedge Trackers, who both discussed this topic at AFP 2019. For more insights, visit AFP's Libor Transition Guide.

183. Libor Transition: What Are the Implications for Treasury?

Ira Apfel interviews corporate treasury and finance executives about their latest challenges and insights. Topics include blockchain, fintech, cybersecurity, payments, risk, FP&A, career development, and more.

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AFP Conversations

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