ACTS

Association of Corporate Treasurers (Singapore)

Articles

ACTS x SAP – Exploring Cashflow and Liquidity for COVID-19 Resilience

By

Dear Members,

We would like to invite you to join our panel of experts at The CFO Perspective live webcast, jointly organized with SAP Concur as we discuss the strategies and recommendations to achieve these in a 60-minute thought leadership panel discussion on Tuesday, 7 July 2020 at 1:30pm – 2:30pm SGT.  The session will include live Q&A so you can ask the questions most important to your business.

To help us tailor the webcast to your interests, we are conducting a short survey (3mins) to understand your current key business concerns and how your company has optimized cash flow to minimize the impact of economic disruption.

Sign up now. Even if you can’t join live, register now and we can send you the recorded webinar to watch at your convenience.

Explore the issues and actions your company can take to manage cash pressures during these unprecedented times.

Cash is king. In these uncertain times, it is vital to know how potential disruptions to operations can affect your company’s cashflow and liquidity.

Whether you’re facing unforeseen challenges or unexpected opportunities at the moment, you are likely to need to consider the following:

  • Manage cash flows and liquidity with a mind to grow easily and effectively when the economy reopens
  • Reclaim VAT to generate cash and reduce operational expenditure
  • Increase controls around approval of supplier and customer payments, monitor cash inflows and outflows
  • Use AI and machine learning to optimize cash flow and working capital
  • Leverage data analytics to take advantage of favorable terms in negotiations and payment strategies
  • Pay on time, but don’t pay early, and if necessary, consider renegotiating payment terms
  • Get upfront visibility and control of large purchases
  • Maximize credit benefits, get the right spend on to PO, non-po, credit and cash to maximize your rebates and use of the credit available

Our panelists include a well-regarded PwC consultant, finance experts and SAP Concur finance specialist:


Saurabh Jain
Partner, Management Consulting
PwC


Andy Watson
SVP & General Manager
SAP Concur Asia Pacific Japan & Greater China, SAP Concur


Brendon Silver
CEO
VAT IT


Dennis Chia
CFO
Starhub Ltd

-Secretariat

ACTS Professor Series and President’s Note

By

Dear Members,

In the past 2 years, we have connected and collaborated with the different universities in Singapore in career talks, seminars, and our ACTS Business Case Competition. This time, we reach out to our Professors from the different schools, and invited them to join us in this meaningful project of curating a series of articles for the modern CFOs, Treasurers and Finance Professionals.

In this series of articles, we will be featuring different Professors from the different Singaporean universities with different specializations and their views on different areas and topics. Our single common aim is to share the expertise, experience, and knowledge in the different areas with the Finance & Treasury community whose roles and responsibilities have evolved and expanded beyond the traditional finance realms.

We are grateful to the outburst of generosity from the various universities:

♦ Professor Lim Y.K, Adjunct Associate Professor, Mechanical and Aerospace Engineering, NTU. A trained engineer who interestingly is writing about the story of fake news.

♦ Dr. Yougesh Khatri, Associate Professor (Practice), College of Business (Nanyang Business School), Division of Banking, NTU. A passionate finance scholar who will be sharing with us a fresh view of the current crisis.

♦ Ms. Jessica Tan, Lecturer, Wee Kim Wee School of Communications and Information, NTU. We are thankful for her sharing of the insights on the evolving landscapes in the news media industry.

♦ Dr. Chen Kan, Deputy Director, Risk Management Institute, NUS. Dr. Chen with vast experiences as both an academic and a trader in top banks and institutions will share his experiences and advice on the markets and risk management.

♦ Professor David Lee, Professor of Finance Programme, SUSS. Prof. David a leading proponent on Blockchain and the Digital Economy will be sharing his views and insights on this very trendy topic.

♦ Dr. Jaclyn Lee, Chief Human Resources Officer, SUTD. A highly regarded HR professional and author of several books, she will be shedding some light on the future of work and talent management.

♦ Dr. Nila Raghunath, Assistant Professor (Sociology of Innovation and Work) Humanities Arts and Social Sciences, SUTD. Dr. Nila will be sharing on her passion on Technology, Sociology and Millenial Talents

♦ Professor Annie Koh, VP Business Development, V3 Group Professor of Family Entrepreneurship, Professor of Finance (Practice), Academic Director of Business Family Institute & International Trade Institute and Dr. Khoo Guan Seng, Adjunct Lecturer International Trade Institute, SMU. Both very accomplished and seasoned professors will be giving some advice on portfolio rebalancing for corporates.

With this series of articles, we hope you will have important takeaways that will help you better your decision making at work and at home.United we stand. Stay healthy, stay safe, and stay strong. See you soon at our events!”

Please click here for the full article.

-Secretariat

Chat with the FinTech Leaders: Freddy Lim, Co-Founder & Chief Investment Officer, StashAway

By

Dear Members,

 

In our third article of the ACTS series of interviews with FinTech Leaders in 2020, we will be speaking to Mr. Freddy Lim, Co-Founder and Chief Investment Officer at StashAway. Founded in September 2016, with their first portfolio launched in July 2017, they have raised around USD 20.4 million over 4 funding rounds. We first spoke to StashAway in November 2017, when they had just launched their portfolios, and now they have 3 offices in Singapore, Malaysia, and Thailand. We managed to sneak in a chat with Freddy, and got to know about their progress and future plans.

Click here to read the article.

 

-Secretariat

ACTS x UTSIT – Solutions and Remedies for the Corporate Treasurers

By

Dear Members,

Following our last article sharing about the Corporate Treasurer’s role in this unprecedented COVID-19 pandemic crisis, we would like now to share some solutions and remedies for Corporate Treasurers.

After identifying the challenges, Treasurers need to react fast and wisely to support businesses locally and globally by activating Business Continuity Plans, providing guidance to other departments and involving partners such as banks in the Action Plan.

Click here for the article.

 

-Secretariat

ACTS x Treasury Today Series – COVID-19 and Treasurers around the Globe: Wang Zengye, CNPC Finance Company

By

Wang Zengye, CNPC Finance Company

 

Dear Members,

 

ACTS is proud to partner Treasury Today Group in a series of articles on how Finance and Treasury leaders in different parts of the world are coping with the great COVID-19 pandemic crisis.

The second article is available here.

 

The second feature is Wang Zengye, CNPC Finance Company. Find out how COVID-19 has impacted business as he shares his advice and guidance with the global community.

 

-Secretariat

Chat with the FinTech Leaders: Chionh Chye Kit, Chief Executive Officer & Co-Founder, Cynopsis Solutions

By

Dear Members,

 

ACTS is publishing a series of interviews with FinTech Leaders in 2020. We will be speaking a few FinTech Leaders whose innovations and solutions have been widely recognized by the industry.

In this article, we spoke to Mr Chionh Chye Kit, CEO and Co-Founder at Cynopsis Solutions. Chye Kit joined us in our TechInSG V2.0 in July 2019 in the panel on central KYC depository.

Hopefully, this serves as a good read during your break from WFH.

Click here for the article.

 

-Secretariat