|
|
- Date: April 24, 2008
- Time: 2 p.m. ET
|
presented by
Transform Treasury Investing With Portal Technology
Corporate cash levels have skyrocketed to historical highs over the past decade. Consider in 1999 corporations held an estimated 3.5 trillion in cash and equivalents growing to nearly 5.5 trillion by the end of 2006. Industry experts expect this trend to continue as larger cash reserves are held for several reasons including heightened balance sheet conservatism in the wake of Sarbanes-Oxley (SOX) and simply a lack of sufficient opportunities to immediately deploy corporate cash in many industries.
As a result of larger cash reserves and SOX requirements, organizations are taking a harder look at how they go about investing their cash surplus as a part of their overall working capital management strategy. A traditionally time consuming manual investment process is ripe with opportunities for reengineering in today’s era where corporations strive for maximum efficiency and sound compliance. This session will describe how investors can take advantage of investment portal technology to promote process consolidation, create time-saving efficiencies around accounting/ reporting, and enhance compliance all while achieving competitive returns.
Presented by:
Bill Daniels, Senior Vice President, The Bank of New York Mellon
Kirk Black, Vice President, The Bank of New York Mellon
Moderated by Pat Wechsler, Editorial Director, Treasury & Risk