For treasury to keep up with business growth in a rapidly expanding enterprise is a big task on any day; when the company’s advance is international, the challenges multiply very quickly.
A conference by EuroFinance on December 8-9 in San Francisco will tackle these challenges; this West coast event is a new entry on the EuroFinance calendar, targeting primarily companies experiencing international growth, young companies where treasury systems and processes may be lagging behind the advances made in the business, but also companies seeking to improve on already implemented solutions.
The NeuGroup’s Anne Friberg will participate in the San Francisco event. In preparation, the November issue of iTreasurer (a EuroFinance media partner) will expand on some of the conference-agenda themes around global business growth and what’s required of treasury to ensure their success.
Supported by a number of success stories, the agenda will comprise all the crucial components of treasury’s support for an aspiring global company: treasury’s strategy for growth, bank relationships, payments and collections, cash visibility, working capital optimization, FX management, financing, tax, treasury technology and the peculiarities of different markets. Ms. Friberg will share learnings and takeaways from many of the 16 NeuGroups in whose meetings these themes have featured in some form over the course of the groups’ lifetimes.
As we look beyond this year’s conference’s scope, what’s next for treasury as the company continues to grow? The NeuGroup’s network of peer groups for MNCs have covered many discussions of continuous improvement and development of the treasury function. With company size and sophistication beyond the basics, examples of next-level challenges include managing portfolio growth and enterprise risk management dilemmas such as determining where the line is drawn on decisions like how much risk is acceptable and how risk-averse you can be without losing out on opportunities in new markets.