San Diego, CA – (October 26, 2023) – The Association for Financial Professionals (AFP) brought together top finance and treasury professionals at the AFP 2023 event this week. With a focus on treasury management, risk management, payments, and financial analysis, attendees engaged in high-level discussions on the trends and issues shaping our industry. “In an ever-evolving business environment, treasury professionals must stay vigilant and adapt their systems accordingly. Recognized as the premier event for treasury and finance worldwide, AFP2023 offered valuable insights and actionable advice to finance executives, enabling them to optimize their time and resources,” said TreasuryGo President George Zinn.

Key themes that took center stage at AFP 2023 included:

The Changing Face of Payment Models in the Digital Era As industries continue to evolve, new ownership models bring significant shifts in business operations. New technology allows treasury teams to leverage automation, streamline operations, and adjust strategies to navigate the changing business landscape.

Re-imagining Treasury Services with Leading Technology Conference attendees reviewed the impact of technology on best practices, and learned more about TreasuryGo as a stand-alone set of SaaS modules that reimagines treasury services by targeting complex workflows like bank account management, intracompany loans, credit management, and cash visibility. TreasuryGo allows users to customize workflows, benefit from secure storage for PII and documents, and manage intra-company loans with digital signatures, automated documentation, and seamless payment tracking.

Unlocking Real-Time Treasury: Harness the Power of APIs Leveraging APIs to revolutionize treasury operations offers important benefits. Whether there’s a need to speed up payments, improve receivables, or streamline reconciliation processes, APIs offer immediate and measurable advantages. Conference attendees reviewed best practices for seamless integration, the best ways to gain leadership buy-in, and explored the future of APIs in optimizing working capital.

Streamlining Payments: Navigating the Shift from Paper to Digital In light of increasing fraud risks, high costs, and uncertain mail float timelines, companies are realizing the need to digitize their payment processes.  These challenges have prompted global companies to prioritize more efficient and timely methods of disbursing funds and collecting receivables.

Transforming Treasury to Empower Finance Professionals and Drive Financial Value Treasury teams are key players in business strategy who serve as advisors and catalysts for financial change. As companies prioritize productivity and value creation, these teams are increasingly called upon to invest in programs that deliver results. Industry leaders from major corporations discussed how they set clear business objectives and measure the impact of their transformation initiatives in order to achieve global financial goals.

Unlocking the Full Potential of Bank Connectivity AFP 2023 attendees reviewed bank connectivity APIs and how they can revolutionize operations. Discussions delved into the fast-evolving industry landscape and highlighted APIs as impactful solutions for corporate treasury practices. Areas such as open banking, third-party banking solutions, and strategies to navigate the complexities of multi-bank connectivity are top of mind with finance professionals.

Combatting Payments Fraud In today's digital landscape, both legitimate businesses and fraudsters are making the shift to more advanced platforms. The 2023 AFP Payments Fraud and Control Survey revealed that 71% of organizations have fallen victim to Business Email Compromise (BEC) scams in the past year. Renowned industry experts guided AFP 2023 attendees through an interactive discussion of the latest fraud trends and offered insights and strategies to effectively respond to an attack.

About TreasuryGo TreasuryGo is a stand-alone set of SaaS modules that simplifies complex workflows related to bank account management, intracompany loans, credit management, and cash visibility. The platform streamlines bank account management by helping leading companies customize workflows from start to finish, and benefit from secure storage for PII and documents. Additionally, TreasuryGo supports effortless management of intra-company loans with digital signatures, automated documentation, and seamless payment tracking. TreasuryGo allows users to be up and running in minutes, without the need for IT involvement or costly consulting. As an all-in-one solution, TreasuryGo seamlessly integrates with email (both O365 and Gmail), ERPs, and TMS.