ACT Middle East Breakfast Briefing: Liquidity Performance and Payment Fraud 2019

Today end of month reports aren’t enough, near-immediate cash visibility is key for treasurers. What are the options to enhance cash visibility and how can it lead to greater liquidity performance? What is the impact of ineffective payment processing and execution, and what role can real-time and cross-border payments play in improving this? Payment screening can help to detect fraud before it happens, and at a time where corporate fraud is widespread, any strategy to help neutralise this challenge is highly appreciated. Hear two treasury case studies and then the wider debate and discussion taking these issues further, considering a variety of available solutions and strategies.

PROGRAMME

08.00 Registration and breakfast

09:00 Opening remarks from the Chair and a Welcome message from Kyriba

     Caroline Stockmann, Chief Executive, ACT

     Philip Iwema, Kyriba

09:15 DIFC welcome address and update

     Khadija Ali, Chief Representative - Business Development Segments, DIFC Authority

09:30 Case study 1: Enhanced liquidity performance With enhanced cash visibility, investments can be better made which results in improving the company’s liquidity performance

This case study will address how this can be done when one has access to business intelligence, allowing answers to be given to strategic questions. In collaboration with optimising supply chain finance, improvements can be made in both working capital and liquidity can be made available more easily.

     Abdul Majid Syed, Director of Finance, ACWA Power

09:50 Case study 2: Treasury as the function to detect and prevent payment fraud

This case study will cover real-time and cross-border payments, where a lack of visibility, controls or screening can lead a company finding it difficult to detect or prevent fraud; an issue that is ever-increasing, and one that the treasury function is central to.

     Anish Jain, Chief Treasury Officer, Export Trading Group

10:10 Panel discussion

This panel discussion will follow on from the conversation of the two case studies, taking the challenges further with each panellist giving their wider thoughts on solutions to enhancing cash visibility, particularly focusing on liquidity performance and challenges associated with real-time and cross-border payments.

     Anish Jain, Chief Treasury Officer, Export Trading Group

     Daniel Black, Regional Manager – MENA, Accuity

     Abdul Majid Syed, Director of Finance, ACWA Power

     Usman Akbar, Head of Treasury & Cash Management, Julphar-Gulf Pharmaceutical Industries

     Nikolay Valchinkovski, Director Treasury and Banking Governance, Mercuria Energy Group

     Moderator: Caroline Stockmann, Chief Executive, ACT

10:55 Closing remarks

     Caroline Stockmann, Chief Executive, ACT