Date: May 30, 2018

Cash Forecasting in the Information Age (A)

Session Description

Recent changes in the global economic and political landscape have in many cases been rapid, drastic, and unexpected, challenging treasury departments responsible for risk management, regulatory navigation, and cash forecasting. Treasurers have responded to this ever-changing global economy and more uncertain political landscape by taking a fresh look at cash forecasting strategies and existing technology. Treasurers without best-in-class cash forecasting processes, and the latest technologies which can accommodate these processes through stronger analytics and decision making tools, have found themselves the most challenged in the information age.  


In this session, a panel representing treasury practitioners, technology providers, and cash forecasting process reengineering experts will discuss next generation cash forecasting, highlighting new standards in cash forecasting best practices and innovations in technology.  Additionally, the session will include a corporate case study in cash forecasting process reengineering and improvement delivered by Aetna.  Attendees will learn how they can evaluate the effectiveness of their existing cash forecasting function, and how they can improve the cash forecasting function through a combination of process improvements and technological adoption. 


Speaker Information

Craig Allocca is the Director of Liquidity Management for Aetna. Craig has been with Aetna for 27 years and a member of the Treasury team for the past 15 years where he manages the Liquidity and Banking Services teams. Craig’s team is responsible for the calculation of daily investable positions, cash flow forecasting, cash strategy and the execution and confirmation of all cash transactions. Craig and his team partner very closely with Aetna’s Capital Management and Investment teams to develop long term cash strategies and optimize the deployment of cash while maintaining adequate liquidity across the enterprise. 


Priscila Nagalli is an Economist with 20 years of international cash management, liquidity, investments, compliance, currency, and risk management experience combined with a background working with structured funding scenarios on both emerging and developed markets. She currently works in the Treasury and Capital Markets group at Actualize Consulting where she supports clients on several Treasury initiatives such as re-engineering core functions, accessing and implementing technology, along with creating currency hedging and liquidity management programs.

Steve Wiley is Vice President of Treasury Solutions for FIS.  Prior to joining FIS, he worked as a Principal Consultant at Treasury Strategies, where he provided consulting services to large corporations and financial institutions in the areas of treasury operations, treasury technology, payments, liquidity management, capital markets, and risk management.  He started his career working in corporate treasury as a practitioner at Reyes Holdings and Wheels.  He has been published in industry leading journals such as The Treasurer and GT News, and is also a frequent speaker at regional treasury conferences.  


Steve holds a Master’s degree from DePaul University and a Bachelor’s degree from Illinois State University.  Steve is also a Certified Treasury Professional (CTP).

attachment-icon Download Handout