1. Bonnie Fitzpatrick - Kaliszewski SSV Treasury Management

2. ERIE’s Treasury Technology TMS, Account Analysis & Bank Recon

3. Erie Insurance Group Company Facts Industry / Financial Stats
Property & Casualty / Life Insurer
Founded 1925, Located Erie, Pennsylvania
Serves 12 States and District of Columbia
5.8MM Policies for auto, home and business insurance
339,000 Policies for life, annuity and disability income
12,400 Independent Agents
5,300 Employees
FORTUNE 500 Company
9th Largest Home Insurer*
16th Largest property / Casualty Insurance group
11th Largest Auto Insurer*
2nd Largest Auto Insurer in Pennsylvania
Ratings
Erie’s Property / Casualty companies Rated A+
Erie Family Life Co – Rated A
*Based on Direct Written Premium

4. Erie Insurance Group Corporate Treasurer Treasury Department
Sourcing & Vendor Management
Billing / Premium Cash Processing
Capital Management & Investor Relations
Treasury Accounting
Strategic Initiatives
Treasury Management

5. Consider Your Current Environment
What is your Treasury / Cash Management Department’s current process for:
Tracking and analyzing bank expenses
Calculating daily cash position
Reconciling bank accounts

6. Opportunities To Do More With Improved Banking Technology

7. ERIE – Banking Technology Implementations
TrinTech Smart Analysis: Bank Account Analysis software in (Required IT resources for FTP files only)
Wall Street Systems: Treasury Workstation in 2010
Cash Management
Cash Accounting
Treasury Software: Reconciliation Software in 2010
Kyriba – Treasury Workstation in 2016/2017
Cash Forecasting
Financial Transactions
Payments
General Ledger Reconciliation
Bank Fee

8. Treasury Workstation Increase Productivity
Implementation Objectives
Increase Productivity
Reduce time spent on labor intensive processes
Increase time spent on analyzing
Improve Visibility
Centralize database for cash balances
Enhance Internal controls
Provides Flexibility to integrate with other business applications
Cloud based systems (most) provides latest upgrades
Scalability
Faster implementation

9. Vendor / System Considerations
Does the TWS functionality and service offering match my business requirements?
Are the TWS reporting capabilities in line with my reporting needs?
Is the Vendor current client list similar or compatible with my business needs?
Can the TWS handle my software requirements?
Is the Vendor stable with favorable reference in your industry?

10. Vendor Considerations
Types of Installation
SaaS
Vendor
Company 1
Company 2
Company 3
ASP
On-premise
Company

11. Vendor Selection
Information Gathering
Utilize resources of industry focus groups or banking partners
Talk to your peers / networking group
Participate in webinars and conferences
Conduct RFI / RFP process
Check references

12. Vendor Selection RFI – Request for Information
ERIE’S RFI / RFP Process
RFI – Request for Information
Used for supplier qualification
Prioritize specifications
RFP – Request for Proposal
Functionality
Service
Implementation
Pricing template
Evaluation criteria
References – Similar industry

13. Project Team Vendor Team Members Vendor Project Manager
Implementation Coordinator
Implementors
Transmission Analyst
Outside Consultants (if necessary)
Internal Team Members
Project Sponsor
Project Manager
Functional Team Leader
Functional Members
Technical Team Leader
Technical Team Members

14. Team Member Roles Treasury Cash Management Strategic Initiatives
Treasury Accounting
Internal Audit
Controller / Accounting IT
Programmers
Transmission Analysts (FTP)

15. Kyriba 12/31/2015: Statement of work (SOW) completed
Implementation
12/31/2015: Statement of work (SOW) completed
1/28/2016: Project Team Formation and Project Plan
3/9-10/2016: Information Gathering Session
6/30/2016: Phase I: Full migration from previous TWS
Cash Management
Bank Connectivity
Cash Position
Cash Accounting
9/30/2016: Phase II:
Financial Transactions (Investments / Debt –Non-Custody)
Payments
GL Reconciliation
Bank Administration
Cash Forecasting
Mid 2017: Completion, Post-Production – (finalizing Custody Cash / MMF integration)
Planning
Design
Build
Test
Parallel
Go Live
Post
Implementation

16. Kyriba SOW – Statement of Work
Implementation / Challenges
SOW – Statement of Work
TWS Migration vs Implementation (Migrated from Treasura to Kyriba)
Bank Connectivity
Bank Polling
Electronic Funds Transfer (ACH /Wires)
Fully Remote Implementation
SME Resources
Aggressive Implementation Schedule
Integration of Custody Cash Activity

17. Kyriba ERP Integration Custody Cash Integration
Benefits
ERP Integration
Custody Cash Integration
Daily Transaction Reconciliation

18. Contact Info:
Phone: