Corporate Cash Management October 25, 2009

Facing cash flow management problems as you wade through today’s economic difficulties? Learn solid money-saving strategies from top financial pros.

The most acclaimed and longest-running cash flow management seminar around is now updated to meet today’s business challenges. Understand the changing dynamics of cash flow management and discover up-to-the-minute information you can put to work immediately!
How You Will Benefit

* Optimize your cash flow management for both receipts and payments
* Accelerate the collection of remittances and improve control of disbursements
* Successfully invest excess funds in short-term instruments
* Understand the account analysis statement

What You Will Cover

* The banking system/cash management basics
* Collecting funds quickly
* Disbursement checking accounts
* Electronic funds transfer systems/funds concentration
* Information technology and EDI
* The bank-corporate relationship

Who Should Attend

This nuts-and-bolts introductory course is the “Number 1” training ground for individuals taking on new cash flow management responsibilities or for those looking for a great refresher.

Extended Training Description

Learning Objectives

* Improve the Overall Management of Corporate Cash
* Understand the Federal Reserve’s Role in the Payment System, Regulatory Environment, and Their Latest Initiatives
* Learn About Check 21 and It’s Impact on Clearing Times and Check Fraud
* Realize the Significant Impact of Sarbanes-Oxley Legislation on Daily Operational Processes and Procedures
* Learn Which Techniques Optimize Collections and Disbursements
* Understand How to Protect Against Check, ACH, and Wire Fraud
* Use Effective Cash Concentration Strategies
* Understand the Latest Developments in Treasury Technology
* Establish Proper Short-Term Investing Guidelines
* Grasp the Key Concepts of Short-Term Borrowing and Forecasting
* Realize the Importance of the Cash Flow Forecast
* Read the Account Analysis Statement to Uncover Cash Management Savings
* Manage the Bank-Corporate Relationship More Effectively

The Banking System and Cash Management Basics

* Understand the Key Functions and Responsibilities of the Federal Reserve System
* Become Familiar with the Latest Fed Developments
* Understand the Ever-Changing Nature of the Commercial Banking System
* Realize the Impact of Key Banking Legislation
* Understand the Overall Functions of a Company’s Cash Management System
* Identify the Basic Cash Management Functions
* Take Advantage of the Opportunities Available By Examining the Cash Flow Time Line

What You Need to Know About Checks

* Understand the Diminishing Importance of Checks in Today’s Payment System
* Identify the Basic Check Components
* Describe How Checks are Cleared in Today’s Environment
* Comprehend and Interpret Bank Availability Schedules
* Explain the Diminishing Importance of Check Float
* Understand Check 21 and the "Substitute" Check

Collecting Funds Using Lockboxes

* Outline the Objectives of the Funds Collection Process
* Explain How Lockbox Banking Works
* List the Differences Between Retail and Wholesale Lockboxes
* Determine an Optimal Lockbox Location for Your Company
* List the Benefits of Using a Lockbox Network
* Calculate the Value of Having a Phoenix-Hecht Lockbox Optimization Performed
* Recognize the Impact of Accounts Receivable Conversion on Consumer Lockbox Checks
* Explain the Components of the Standardized Wholesale Lockbox Questionnaire
* Determine the Lockbox Advantages By Working Through a Lockbox Exercise

Disbursement Checking Accounts

* Understand the Disbursement System Objectives
* Be Aware of the Different Types of Disbursement Checking Accounts, and Their Features and Drawbacks
* Know When to Use Zero-Balance Accounts
* Realize Why Controlled Disbursement Accounts Offer Outstanding Features and Benefits
* Understand the Difference Between Full and Partial Reconcilement
* Realize the Importance of Implementing Positive Pay
* Be Clear on Centralized vs. Decentralized Disbursing
* Understand the Impact of Massive Check Fraud
* Obtain the Knowledge about How to Prevent Check Fraud
* Become Aware of Bank "Outsourcing of Payables" Offering
* See Why Purchasing Cards and the Use of Credit Cards May Be Feasible Services to Implement in Your Company

The Automated Clearing House Systems

* Identify the Substantial Benefits of Using ACH Transactions Instead of Checks
* Compare ACH Debit and Credit Applications
* Explain the Role of the National Automated Clearing House Association
* Understand the Rapid Growth of Direct Deposit and Direct Payment Alternatives
* Determine Why Offering Employees ATM Cards Can Enhance Direct Deposit Participation
* Distinguish the Numerous ACH Benefits That Consumers and Corporations Obtain
* Reduce the Risk of ACH Fraud and How to Work with Your Banks to Prevent It
* Remain Informed of ACH Initiatives Domestically and Internationally

Money Transfer Systems

* Understand the Workings of the Fedwire System
* Summarize the Growth of Fedwire from 1987 to 2004
* List Wire Transfer Initiation and Internal Security Procedures
* Distinguish Between Repetitive and Non-Repetitive Wires
* Implement 12 Steps to Minimize Internal Wire Transfer Fraud
* Outline the Purpose and Capabilities of the CHIPS System
* Describe the Purpose and Capabilities of the SWIFT System

Funds Concentration

* List the Four Objectives of a Company’s Funds Concentration System
* Recognize When to Use the ACH or Wire Transfer for Concentrating Funds
* Calculate the Break-Even Cost for a Wire Transfer Between Company Banks
* Calculate the Break-Even Cost of an ACH Between Company Banks
* Distinguish Between the Deposit Reconciliation Service and Zero-Balance Collection Accounts
* Comprehend a Retail Store Concentration System Scenario
* Realize the Value of Deposit Anticipation
* Describe the Key Factors in Developing a Company’s Concentration System Strategy

Bank-Corporate Relationship Management

* Summarize the Key Factors in the Bank-Corporate Relationship
* Realize Why Banks Gain or Lose Cash Management Business
* Recognize the Importance of Service Quality in the Relationship
* Determine the Benefits of Preparing an Annual Bank Report Card
* Interpret the Account Analysis Statement
* Utilize Phoenix-Hecht’s Blue Book of Bank Prices
* Practice Your Account Analysis Skills By Working on an Exercise

Official Website: http://www.focustraco.com/index.php/tm-training-schedule/details/264-104601