Digital transformation in Treasury: Reducing complexity with better connectivity
As companies seek to improve cash flow, consolidate their bank relationships, increase straight through processing and reduce bank fees and costs, treasurers need to digitally transform their financial, IT and business operations to meet their needs.
OpenText™ has digitally transformed its own treasury to cut costs, enhance efficiency and productivity and improve working capital. The dramatic results of this treasury transformation project received industry-wide recognition, including the 2017 Adam Smith Top Treasury Team award and the 2018 Alexander Hamilton Award for Treasury Transformation.
And, the team is sharing tips on how you can receive award–winning results in this webinar.
Our experts will explore how OpenText transformed its global treasury department to:
- Streamline its banking relationships from 100 banks with 400 accounts across 53 countries to fewer than 30 banks with 130 accounts
- Deploy an automated, straight through processing solution for payments (A/P, payroll, treasury) and daily balance reporting
- Integrate directly with the company’s five major banks using OpenText Managed Services—a cloud–based B2B integration platform and additional banks using the OpenText SWIFT Service Bureau
Meet the Panel:
Jonathan A. Burkhead, director of Global Treasury, OpenText
Jonathan Burkhead has more than 30 years of experience working in multibillion-dollar global organizations in numerous industries including Financial Services, Software, Distribution and Insurance. Prior to Open Text, he held key treasury positions at Unisource Worldwide, SunTrust Bank and The Hartford.Read more
Jon’s experience includes consulting with internal and external customers to help identify ways to improve process, gain operational efficiencies, increase income and reduce expense through creative solutions and working capital improvements. In addition to managing OT Global Treasury Operations, Jon is also responsible for management of the company’s operational insurance placement and operational risk.
Trevor Jones, vice-president, Finance and Treasurer, OpenText
With more than 20 years of treasury experience in multi-national settings, Trevor Jones is responsible for all aspects of the OpenText Treasury Group.Read more
Prior to joining OpenText, Trevor worked at Agrium Inc, a $16-billion global agriculture business, where he held the position of assistant treasurer and led the Corporate Finance, Risk Management and Global Cash Management functions. Prior to joining Agrium, Trevor held positions at Nortel Networks and the Bank of Nova Scotia.
Mark Mixter, Financial Services solutions expert, OpenText
Mark Mixter, CTP has 20 years of B2B electronic commerce experience, working directly with corporate treasury services, banks and other Financial Services companies across North America, Asia and Europe focused on corporate to bank integration, cash management and transaction banking.Read moreA B2B integration consultant at OpenText, Mark defines solutions that provide integrated connectivity between corporations and their FinServ providers across a variety of banking products, including Treasury Services, Trade and Securities.