Speed Dating Secrets from Top Tech Companies
Tags: Tech20 2018 H2 Meeting
“Solve My Problem Speed Dating” is one of the most popular sessions at the Tech20 Treasurers’ Peer Group, which is meeting this year at the Bernardus Lodge in Carmel Valley, CA. The annual meeting held on November 9-7 is sponsored by MUFG.
In speed dating, members including Amazon, eBay, Facebook and Google, engage in rapid-fire conversations, one-on-one for a few minutes, similar to actual speed dating. The aim is to name a troublesome issue they are grappling with, ask a question, or share a takeaway. When the moderator rings the bell, “ping,” we "turn the dial" and you go to the next person. It is fast and furious, but the members love being able to share quickly, get answers, and challenge each other.
Of course, between golf outings, cordials around a fireplace and games of bocce, members concentrate on serious issues that they have selected via pre-meeting surveys and agenda development. MUFG is presenting on the daunting topics of the interest rate environment along with the transition from Libor to SOFR.
High on the lists of topics chosen by the members is repatriation structures, how to use their cash, and post-tax reform capital structure optimization. US tax reform has prompted many multinational corporations to revisit how to bring back cash, what to do with it, capital allocation, buyback optimization, and how to reshape the balance sheet, both onshore and offshore. MUFG will contribute to this session with thoughts and data on capital allocation decision-making processes, criteria and metrics, along with an overview of the lay of the land in a post-tax reform world.
Members will also discuss jumping into the concept of “tomorrow’s treasurer today” with a look at how members companies are changing with technology advances. No small matter for tech companies. But how does it fit with treasury? Consultants and vendors urging treasury to jump on the bandwagon are quick to promise their solutions will improve efficiency. Treasurers must decide whether it’s worth the effort to advocate a move from what actually works to something that may possibly work better. Member volunteers with share their real-use cases of data visualization tools, artificial intelligence and robotic process automation.
Rounding out the meeting, members will take a look at reevaluating treasury roles and responsibilities and how they fit within organizational structures. This member roundtable has the goal of helping members better scale teams and maximize efficiencies and effectiveness.