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August 2018 - Treasury Best Practices Panel

Attendees at the Treasury Best Practice Panel discussion heard from a diverse group of corporate treasury professionals on a variety of topics. Jean Hilliard with Hartsema Group served as Master of Ceremonies and posed a series of questions to the panel.

Panelists were: Timothy Dwyer, VP & Assistant Treasurer, Nationwide Insurance; Doug Von Doersten, CGMA, CPA, Executive VP, CFO, Diamond Cellar Holdings, LLC: Michael Gordon, Corporate Controller, Stanley Steamer; Daniel Bloch, VP Finance, MGF Sourcing; and Greg Norris, Director of Treasury Operations, Washington Prime

While the panelists represented varied lines of businesses, some of the themes remained constant:

  • One point of contact with their bank is preferred, and they want a “relationship” with that person.
  • Participation in the credit facility plays a large role in determining who they will approach for new business needs; however expertise is also a consideration.
  • Regulatory concerns - PCI compliance, 404 compliance, the KYC process and liquidity stress tests were some of the regulatory requirements mentioned.
  • The panelists and their teams look to automate processes whenever possible – from use of a treasury workstation to engaging a 3rd party to initiate ACH transactions, to use of an early warning system that confirms an account holder’s identity.
  • Fraud remains a significant concern – some best practices shared were utilizing check and ACH positive pay services, changing passwords frequently, and checking insurance coverage to ensure adequate levels of coverage. One company recently engaged a company to review its email system, web sites, and internal systems for possible weaknesses that could lead to, or allow for, fraud to occur.
  • All panelists said they would use a mobile platform for their banking if they felt it was secure. This is the first year all panelists answered yes to this question – a definite shift in acceptance of mobile banking by corporates.

A big COAFP thank you to the esteemed panel, our Master of Ceremony, and all the volunteers that make this event so special each year.

See Summaries of Past Events Here...


COAFP Awarded for 11th Year Running!

at the Annual Regional Officer’s Meeting in Washington D.C., July 2018

Cindy Clark and Jenny Morrison represented COAFP at the national Association for Financial Professionals (AFP) 2018 Regional Officer’s Meeting (ROM) in Washington D.C. It is a meeting where AFP Regional Associations gather, share ideas, discuss strategy and network, all with the goal of creating better regional associations for their Members.

For the 11th consecutive year, COAFP won an award at the annual ROM Idea Fair. This year, COAFP won in the “Best Marketing Idea” category. Under the leadership of President Linda Opundo and Buckeye Financial Forum Co-Chairs Cindy Clark and Clay Lanctot, COAFP asked Buckeye Financial Forum speakers to advertise COAFP on both their websites and social media feeds before and after the Buckeye Financial Forum, for an agreed upon time period. Benefits included exposure to a different audience driving new visitor traffic to our website, building enthusiasm for the event with existing members, and different feeds mentioning COAFP move the organization up in search engine rankings. The result: Our 2018 Buckeye Financial Forum had its highest-ever attendance!

Join your fellow COAFP Members to continue the work that is done on YOUR behalf and be proud that COAFP has the designation of “an AWARDS winning Association.” Join us today!  Already a Member?  Then Click Here to Volunteer!

See a different side of COAFP - Volunteer Today!

COAFP is always looking for volunteers and board members to help grow the association and participate in event planning and execution. As a COAFP volunteer you will get to see behind the scenes of what makes COAFP so successful. If you are interested in volunteering or would like more information, Click Here.

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Upcoming CTP Course

Get the training you need to become a Certified Treasury Professional® (CTP) with our offered CTP Course!

Our next CTP Course will begin in the Fall of 2018. 
Click Here for information and to Sign Up!


  • 12 weeks, every Wednesday, 3 hours per evening, beginning February 2018 (dates soon!)
  • Location: The Fawcett Event Center at The Ohio State University

Students can purchase the course alone or the course plus materials.  Students can also purchase materials only from COAFP (self-study) at COAFP cost. 

COAFP MEMBERS... Take advantage of your member discount and order your CTP exam-prep materials now!  Click Here to purchase Course Materials.

Contact the Education Chair today for questions about purchasing. 



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