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COAFP Event Summaries

 

November 2017 - The Road to 2020: Faster Payments in the US


Great Speaker, Great Topic, Great Accomplishments, and a Great Turnout!

The November COAFP meeting started with the recognition of all the new CTPs. It is awesome to see so many professionals achieving this great milestone. Welcome to the team new CTPs. We hope to see you at another event.

The topic this month on Faster Payments had many of us thinking hmmm, how can my company use this new technology? Our speaker, Steve Ledford, explained the vision and goal of the Clearing House for the new “Real-time Payments” system. The payment platform runs on a totally new platform or “rails” as Steve called it. The payments are irrevocable and arrive in real-time, not batch, in a matter of micro seconds. Payments are processed 24 x 7 x 365. Steve’s excitement about this new product was conveyed to the group of approximately 60 attendees. To learn more about this great product, please reference the slide deck here



September 2017 - The Capital Area Humane Society


On Wednesday, September 20th, the members and guests of COAFP attended a terrific presentation by Rachel Finney of the newly branded Columbus Humane (formerly known as Columbus Humane Society).   The organization started in 1883 to protect the interest of buggy horses, wayward women and children.   At the turn of the century, the organization split where Columbus Humane would specialize in animals and other organizations would handle humans.    Columbus Humane intakes every type of domesticated animal in the Central Ohio region and partner with other groups that specialize in that species.  A good, but unfortunate part of Columbus Humane’s responsibilities in reacting to and investigating all the animal cruelty cases in Ohio.   The organization partners with Vet students from Ohio State for trainings, all animal welfare groups, and law enforcement agencies and offers low cost or free spay and neuter clinics.  

2010 -2012 were lean times for the organization due to donations declining and estate gifts slowing.    The year 2012, was especially difficult when the organization had to cut staff and programs.    Columbus Humane has made a tremendous turnaround starting in 2013 by increasing their donor base and estate gifts.   They went from a $1.9M budget in 2012 to nearly a $3.8M budget in 2017.   They are expanding to a second location in Canal Winchester and have an ongoing Capital Campaign to expand and update their current facility in Hilliard.   The nonprofit receives hundreds of checks a month averaging $25.00 each.   They are constantly working their cash flow to make sure it meets current and future needs including tracking and thanking all the donors.  

After the presentation, the members were treated to a tour of the facilities and were able to view and pet some of the dogs and cats ready for adoption.     A great time was had by all and we all learned more about a vital organization in our community!   

 


 

August 2017 - Best Practices in Treasury & Finance

 

From traditional themes including payment strategies, collection methods, and fraud, to product wish lists and “what you wish someone had told you”, attendees at the Best Practices in Treasury event enjoyed some lively dialogue as Jean Hilliard, Master of Ceremonies from the Hartsema Group, posed questions to three corporate practitioners. Hotel, distribution and energy operations were represented with highly experienced panelists consisting of Janice Woeste from Red Roof Inns, Beth Poling from Kimball Midwest, and Bob Barnes from American Municipal Power, Inc.

Despite the diversity of companies represented on the panel, some common themes were noted as follows:

  • Maintaining strong relationships with your bankers and ensuring they understand your operations before you need them is key to a successful partnership.
  • Cross-departmental relationships are fundamental in driving the success of project. Remember that your problems are not necessarily shared by others within your organization and “not everyone is nice”. Build a network of advocates across your organization.
  • The career path to Treasury is greatly varied and largely undefined. As noted with the panelists, roles and responsibilities often evolve over time as new challenges are presented.

 


 

June 2017 - FP & A Basics Overview


The Central Ohio AFP group created a new training and networking experience by partnering with the National AFP team as nothing existed previously. COAFP wanted to provide a one day education session on FP &A. The goal was to focus on FP & A for Treasury and what you need to know that provided additional knowledge to our Treasury members and those interested in FP & A.  We are happy to report it was a big success with our members! 

We had 27 attendees with 89% of the attendees from corporations around the Central Ohio market. The attendees were able to share what their companies were doing regarding FP & A and learned tips from each other. Additionally, members shared what they wanted from COAFP over the next year such as small group sessions with other corporate members discussing specific topics. They stressed they wanted these sessions to be short, cost effective and at the appropriate experience levels such as this FP & A training. We are excited to take their suggestions and serve our Membership.

 


 

April 24, 2017 - The 2017 Buckeye Financial Forum was a big success!

The attendees at the annual Buckeye Financial forum gave high praise to this year’s presenters and their content, and spirits were high all day. This year again featured a charity drive to benefit two local organizations, My Brother’s Closet and Dress for Success, which collect professional men’s and women’s clothing respectively. The charities received many valuable clothing items during the Forum, and both they and COAFP wish to thank those who donated for their contributions.

This event could not have gone forward without the support of each and every sponsor, from Platinum to Bronze, and we are extremely grateful for your dedication to COAFP’s work. The day itself would not have succeeded without the efforts of our volunteers, either—thank you all for your participation!

 


 

Special Thanks to all of our Sponsors

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