The Treasury Update Podcast

Join Mike Reed (Deluxe) and Craig Jeffery (Strategic Treasurer) for this insightful podcast as they explore the evolving landscape of next-generation payments. They explore the differences between consumer and corporate payments, the challenges of B2B payments, the transition from manual to digital processes, traceable payment options, the importance of embedded information, and secure platforms. Gain insights on fraud risks, platform integration, and solving reconciliation limitations, and uncover the significance of seamless payment experiences, holistic focus on both sides, and the impact on businesses of all sizes. Tune in to this discussion of trends, data, and industry statistics that shed light on the overall payer/payee experience and the transformative potential of next-generation payments.

Download the eBook here. Treasury sits in a unique position in the organization, and excelling as treasurer requires unique strategy and the proper mindset across multiple areas. With insights covering everything from important steps for the new treasurer to leading practices for securing resources, overcoming blind spots, staff development, metrics, technology, working capital, and more, the Guide to Excellence in Treasury eBook offers strategies and fine-tuned approaches to major areas of challenge for treasurers. Whether you're aiming to become a treasurer, have just landed the job, or have held the position for years but are still seeking ways to improve and grow, this guidebook should have some ideas that will help you and your organization thrive. -------------------- 0:00 Opening 1:30 Introduction 2:24 Preparing to Become the Treasurer 7:16 First Steps for the New Treasurer 12:05 Effective Communication 24:19 Securing Resources 30:04 Overcoming Blind Spots 35:59 Building and Developing Your Team 47:33 Metrics 55:59 Approaching Technology Intentionally 1:00:49 Taking Ownership of Cash, Working Capital, and Payment Security 1:16:56 Basics of Risk Management 1:21:21 Closing

Crypto has been gaining popularity in the past decade. Will crypto help your department solve major issues, or will it simply introduce unnecessary complexity? In this episode, Paul Galloway and Jason Campbell discuss digital currency and its implications for treasury professionals. They also look at the difference between digital coins and digital tokens. What questions do you have about crypto? Let us know by sending an email to [email protected].

What points of emphasis should a corporate payment professional focus on in 2023? In this podcast, Anthony DeBellis, VP of Product Management at Mastercard, and Mark Penserini, VP of Partner Management at Corpay, talk with Craig Jeffery and share their thoughts on payment security, access to cash, and virtual cards. Listen in to learn more.

Recent trauma in the financial sector brought down a $200B US bank in short order, with over $40B being pulled out on a single Thursday. Other banks have either failed or been rescued by the Fed and trillion-dollar banks. The pain is experienced well beyond the US too, with the forced marriage of two systemically important Swiss banks following SVB's failure. The Fed has promised to make depositors whole, so there has been no loss of funds or long-term freezing of balances for individuals or corporates. Does this represent unlimited and permanent insurance coverage by the Fed? They showed up for these events. When won't they show up with coverage? Listen in as Craig Jeffery and George Zinn discuss these important topics.

Welcome to another Coffee Break Session! In this episode, Paul Galloway and Jason Campbell discuss the Federal Reserve's new instant payment infrastructure, FedNow. We are two months from the official release of this new service. Let's hear from Paul and Jason on what this service does, how it differs from its traditional alternatives, whether it supports payments outside the US, and some things to consider before we start using FedNow. What questions do you have related to FedNow? Let us know by sending an email to [email protected].

Criminals are always looking for the path of least resistance. When your company strengthens its defenses, new weak links are found and explored. In this episode, Craig Jeffery and Omri Kletter continue the discussion on some of the key findings that came out of the Treasury Fraud & Controls 2023 Survey. Specifically, they explore unguarded banking information and visibility restrictions. Listen in and find the full survey results on our website or learn more about this by watching the recent webinar! SPEAKERS: Omri Kletter of Bottomline Technologies Craig Jeffery of Strategic Treasurer

Nobody wants to miss out on revenue growth. Until recently, it was relatively easy to borrow capital and increase inventory to avoid global supply chain issues, but things have changed. While you may have been able to accurately forecast demand, were you planning for the drastic rise in interest rates that have occurred in recent months? Is your working capital plan adjusting? In this episode, Craig Jeffery, Daniel Reeve, and Brian Rieber get together to discuss the macroeconomic, geopolitical, and trade situations surrounding working capital and the financial levers you should be aware of moving forward. SPEAKERS: Dan Reeve, VP Sales, Esker Brian Rieber, VP Working Capital, LSQ Craig Jeffery, Managing Partner, Strategic Treasurer

What are real-time payments? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Managing Partner, Craig Jeffery, to chat about real-time payments. They discuss how these payments work, the benefits, and the risks. Listen in and learn a little bit about real-time payments.

Fight fire with fire, but do it together. Treasury's threat of fraud attacks is constantly changing and increasing. While treasurers say they are aware of this, only 30% of companies plan to allocate more funds to the training of employees and fraud prevention services. In this episode, Craig Jeffery and Omri Kletter discuss some of the key findings that came out of Strategic Treasurer's Treasury Fraud & Controls 2023 Survey, specifically, the key places we should be focusing our spend throughout 2023. Listen in and find the full survey results on our website or learn more by watching the recent webinar! SPEAKERS: Omri Kletter of Bottomline Technologies Craig Jeffery of Strategic Treasurer

What problems arise when treasury and accounts receivable misunderstand each other? In this episode, Craig Jeffery and Jason Campbell jump back into the Languages of Finance sub-series to discuss some of the common terms you need to know in order to work together effectively. Listen in and find us on YouTube for more: https://www.youtube.com/StrategicTreasurer

What is Same Day ACH? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Managing Partner, Craig Jeffery, to chat about Same Day ACH. They discuss use cases for ACH, restrictions, and why Same Day ACH is not the standard. Listen in and learn a little bit about Same Day ACH.

What problems arise when treasury and accounts payable misunderstand each other? In this episode, Craig Jeffery and Jason Campbell jump back into the Languages of Finance sub-series to discuss some of the common terms you need to know in order to work together effectively. Listen in and find us on YouTube for more!

In the Language of Finance sub-series of the Becoming a Treasurer series, we will look into different terms that should be understood in order to communicate effectively with the rest of your treasury team and with others. In this episode, Craig Jeffery and Jason Campbell discuss some important questions regarding controllers. How does the language of a controller differ from the language of treasury? When do controllers, accounting groups, and treasury need to work together? Listen in to find out.

In this episode of the podcast, Craig Jeffery of Strategic Treasurer and Steve Traut, SVP of Sales at Superior Press, have a discussion on best practices in client conversion. Steve walks us through several client conversion case studies. Read more here: https://www.superiorpress.com/blog/core-conversion-success-best-practice SPEAKERS: Craig Jeffery, Managing Partner at Strategic Treasurer LLC Steve Traut, Senior Vice President of Sales at Superior Press

What is the difference between ACH format and Standard Entry Class? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Managing Partner, Craig Jeffery, to discuss what these are, the relationship between them, requirements, and the importance of data recording. Listen in and learn a little bit about ACH format vs. SEC.

On this episode, Mike Richards joins Craig Jeffery in a discussion that is fueled by two recent surveys. The first survey was Treasury's Return to Office Status Survey conducted by Strategic Treasurer, which was taken by 249 respondents in the corporate, financial, and government spaces. This survey was live for two weeks, and the full report was only shared with participants. (Follow us on LinkedIn to keep an eye out for future surveys.) The second survey discussed in this podcast is the Treasury Salary Survey 2023 released by the Treasury Recruitment Company. This survey can be found here! SPEAKERS: Craig Jeffery, Managing Partner at Strategic Treasurer LLC Mike Richards, The Treasury Recruitment Co & The Treasury Career Corner podcast

As we jump back into the "Becoming a Treasurer" series, we are launching a new sub-series where we will look at the "language of finance." Communication matters, and understanding how different groups use terms is vital for effective communication. In the Language of Finance sub-series, we will look into different terms that should be understood in order to communicate effectively with the rest of your treasury team and with others. In this podcast, Craig Jeffery and Jason Campbell talk through some of the important questions regarding financial planning and analysis. How does the language of FP&A differ from treasury? Listen in to find out.

Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Managing Partner, Craig Jeffery, to discuss the Automated Clearing House. They discuss what ACH is, its use, how it's governed, and what to monitor. Listen in and hear more about ACH.

Innovations like ChatGPT are changing the way we gather information. Will these advancements negate certain treasury roles in the future? Will it affect whom you hire and the size of your team? Craig Jeffery of Strategic Treasurer and Todd Yoder of Fluor discuss a couple of items to keep in mind as we move forward.

In this fourth and final episode in our series covering the 2022 Analyst Report, Craig Jeffery and Paul Galloway of Strategic Treasurer discuss key points and implications of the current treasury technology landscape. This week, we are focusing on enterprise liquidity management (ELM). Download our Treasury Technology Analyst Report

What is the debt market? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor Paul Galloway to chat about the debt market. They discuss who the players are, how issuers and investors monitor the debt markets, and the difference in perspectives. Listen in and learn a little bit about the debt market.

How do treasurers best position themselves for the future as the Fed continues to raise interest rates? In this podcast, Jason Campbell of Strategic Treasurer discusses the current and future impacts of interest rates with Paul Galloway. Last week, the Fed gave us the first interest rate of 2023. Paul and Jason discuss questions such as, "How do interest rates change?" "Why do changes in interest rates matter?" and "What should treasurers be concerned about?" Listen in and tell us what treasury topic you'd like to hear more about on The Treasury Update Podcast. https://strategictreasurer.com/podcast/

When it comes to treasury operations, cash is still king. Holistic cash visibility is a critical differentiator for companies. Digital transformation and open banking have presented many more opportunities for treasury and finance to quickly access the data they need for better cash management and forecasting while streamlining processes through automation. Yet even with the rise of APIs in finance, a significant proportion of companies are still manually pulling bank statements from a plethora of bank portals, and still processing payments manually as well. Learn how AES deployed multi-bank connectivity solutions to eliminate manual processes, improve internal governance and security, protect themselves from payments fraud, ensure regulatory compliance, and achieve real-time liquidity. Speakers: Mark O'Toole of Fides Kelly Carpenter of AES Corporation Craig Jeffery of Strategic Treasurer

What is preferred stock? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor Paul Galloway to chat about preferred stock. They discuss why a company would want to issue preferred stock, how it's different from common stock, and how it's treated from a credit perspective. Listen in and learn a little bit about preferred stock.

In this third episode in our series covering the 2022 Analyst Report, Craig Jeffery and Paul Galloway of Strategic Treasurer discuss key points and implications of the current treasury technology landscape. This week, we are focusing on supply chain finance and cash conversion cycle solutions. Download our Treasury Technology Analyst Report

In this episode, Craig Jeffery of Strategic Treasurer talks with Tony Carfang of the Carfang Group. They discuss Tony's outlook on the coming year, covering topics such as inflation, debt, government spending, and corporate cash. Read the History of the Federal Reserve.

What is common stock? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor Paul Galloway to discuss common stock. They discuss why companies issue common stock, second offerings, and treasury stock and talk about how it's used. Listen in and learn a little bit about common stock.

In this second episode in our series covering the 2022 Analyst Report, Craig Jeffery and Paul Galloway of Strategic Treasurer discuss key points and implications of the current treasury technology landscape. This week, we are focusing on payment hubs and treasury aggregators. Download our Treasury Technology Analyst Report

In this episode of the Treasury Update Podcast, Craig Jeffery and Paul Galloway of Strategic Treasurer discuss key points and implications of the current treasury technology landscape. They discuss the new advancements of APIs. Are they improving fast enough to keep up with market demands? They touch on the thought process involved in a Treasurer deciding on a payment hub, and the challenges treasury departments face in managing their cash conversion cycle. Interested in hearing more? Sign up for the upcoming webinar and download the report. Register for Analyst Report Series webinar on January 12, 2023, Treasury Management Systems & Enterprise Liquidity Management. Download our Treasury Technology Analyst Report

US economy, happy New Year. Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor Paul Galloway to discuss the US economy. They discuss what the Fed is looking at, the importance of knowing what the Fed is thinking, the rising rates, and how the Fed's decisions impact our economy. Listen in and hear more about the US economy.

As a strategic treasurer, you need to be aware and alert. There are signs of what's ahead all around. Are you seeing the signs? In this episode, Host Craig Jeffery interviews Todd Yoder, Global Director of Treasury at Fluor Corporation, on the long-term and short-term asset liability match and the impact of inflation. They also discuss many ideas on the future changes of money. Listen to the episode referenced, "The Problem with Carry"

The year 2022 was an interesting ride. Global turmoil, supply chain issues, rising interest rates, and major acquisitions all caused concern and intrigue for treasurers and financial professionals around the world. In this podcast, Craig Jeffery and Paul Galloway of Strategic Treasurer discuss some of the key events of 2022. Listen in and feel free to share your thoughts by sending us an email.

Live from Philadelphia, PA, at AFP 2022, Strategic Treasurer is proud to present our Fintech Hotseat panel discussion on the Future of Treasury Payments. This session put experts from leading payment companies into the hotseat with questions such as the following: What is the power of a network like SWIFT? Regarding payments: what is more important, information or cost? When will banks universally adopt APIs? Want to watch the video version? Click here. MODERATOR Craig Jeffery of Strategic Treasurer, LLC SPEAKERS Ankush Gupta of Mastercard Bob Stark of Kyriba Mark O'Toole of Fides Michelle St. Rose of Corpay

What are stocks? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor, Paul Galloway, to discuss stocks, the different types of issuances, reasons for stock buy-back, and limitations to issuance and buy-backs. Listen in and learn a little bit about stocks.

Live from Philadelphia, PA, at AFP 2022, Strategic Treasurer is proud to present our Fintech Hotseat panel discussion on the Future of Treasury Technology. This session put experts from leading technology firms and banks into the hotseat with questions such as the following: What new technologies do you see becoming a huge trigger for change in the next few years? Is private equity taking firms private part of an ongoing, increasing trend? Which will dominate in the following year: new growth, or consolidation? They also share perspectives and ideas on how treasury can make the most of these changes. Want to watch the video version? Click here. MODERATOR Paul Galloway of Strategic Treasurer, LLC SPEAKERS Rodney Nilson of Bottomline Technologies Mitchell Thomas of FinLync Todd Yoder of Fluor Corporation Craig Jeffery of Strategic Treasurer, LLC

In this episode, Craig Jeffery is joined by Jayna Bundy, the General Manager of Global Treasury & Financial Services at Microsoft. They discuss why faster payments matter, the goal and cost of faster payments, portals, and issues. What are "requests for payment" and how should corporations think about it? Listen in to find out.

What is asset-backed debt? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor, Paul Galloway, to discuss how asset-backed debt is used for raising capital, the different types of issuances, why a company would issue an asset-backed instrument, and the risks. Listen in and learn a little bit about asset-backed debt.

Working Capital Management is usually one of the top three focus areas for treasury in any given year. This fluctuates based on a number of factors. In this podcast, Host Craig Jeffery talks with Mike Hewitt, CEO of Adaugeo Media and host of the Working Capital Summit, about the event and how working capital and SCF are areas that treasury professionals are keen to discuss. Go to https://www.workingcapitalforumeurope.com/ for more information about the event on 01-December 2022 and to register.

Companies are stepping back to take a long-term look at their business plans. Meeting annual and quarterly targets is being balanced with new ideas for long-term strategic plans. In this podcast, Craig Jeffery talks with Christy Wright about the commitment that Southwire has made to its community and environment. Topics of discussion include offering better terms, Southwire's Supplier Sustainability Program, greenhouse gas goals, and sustainable cash investments.

What are revolvers? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor, Paul Galloway, to discuss revolvers. They discuss what they are, why companies create revolvers, the process of setting up a revolver facility, and some limitations. Listen in and learn a little bit about revolvers.

Join this discussion as host Craig Jeffery sits down with Paul McMeekin for a conversation on reducing fraud and enabling payments for businesses. They also cover several key points from the 2022 B2B Payments Survey report. Paul McMeekin is VP of Marketing, Paymode-X for Bottomline Technologies Find more information in this article: B2B payments survey shows big strides from big businesses

On this episode, Host Craig Jeffery interviews coauthor Kevin Coldiron on his book, The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis. They discuss some of the issues covered in the book and where they are reflected in today's market. To hear Kevin's previous episode from July 2020, listen to episode #106.

What is debt funding? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor, Paul Galloway, to discuss debt funding. They discuss what it is, why a company would issue debt, types of debt instruments issued, and the limitations of what can be issued. Listen in and learn a little bit about debt funding.

In this episode, Craig Jeffery and Paul Galloway have a chat on the last day of the 2022 AFP Conference. They discuss how the conference has changed in the aftermath of COVID and provide some key takeaways for practitioners and providers.

Everyone benefits from smoother, more efficient communication rails. Accountability, visibility, and effective collaboration are all improved when you can quickly leave feedback in a clear and organized manner. Ernie Humphrey of Treasury Webinars joins Craig Jeffery in a discussion on software design to enable treasurers to mitigate time spent on the phone and time spent searching for disorganized information.

What is commercial paper in terms of capital? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor Paul Galloway to discuss commercial paper as it relates to raising capital. They talk about who issues commercial paper, how it's used, and the issuing limitations. Listen in and learn a little bit about commercial paper (capital).

The AFP conference is right around the corner, and you may be planning out your week to be as effective as possible without spreading yourself too thin. Craig Jeffery of Strategic Treasurer and Ernie Humphrey of Treasury Webinars discuss some key points on maximizing your ROI for a conference, being ready to engage at all times, being authentic, and coming home with renewed enthusiasm in your career.

In this episode, Craig Jeffery talks with Royston DaCosta of Ferguson plc and Tiffany Wan of Bank of America on the importance of taking on new technologies while remaining intentional to the mission of your business. Listen to the first episode from this group where they cover moonshot technologies and their impact on treasury.

What is commercial paper in terms of investing? Coffee Break Session Host Jason Campbell catches up with Strategic Treasurer's Senior Advisor Paul Galloway to discuss how commercial paper is used for investing. They talk through what commercial paper is, why someone would invest in it, the different types of commercial paper, and the risks associated. Listen in and learn a little bit about commercial paper (investing).