In this episode of Corporate Treasury 101, we sit down with Daniel Kalish, CEO and Co-Founder of Nilus, the AI-native cash management and treasury platform redefining how modern companies manage liquidity, forecasting, and financial control. With treasury complexity accelerating far faster than company growth, Daniel breaks down why today’s teams are under unprecedented pressure, and how agentic AI is reshaping what’s possible.

Drawing from real-world implementations and insights across fast-growing and global companies, Daniel explains why traditional treasury stacks can’t keep up, why cash visibility remains the No. 1 pain point, and how AI can move treasury from reporting to true strategic impact. He also shares how Nilus’s agentic architecture is transforming liquidity planning, enriching data at scale, identifying risks in real time, and delivering ROI within weeks, not months.

Whether you’re leading a treasury function, evaluating your next TMS, or preparing your organization for an AI-driven future, this conversation offers a practical and actionable look at the next era of treasury. Daniel’s perspectives on implementation, data reliability, and the future role of treasury leaders provide a blueprint for teams looking to increase control, reduce manual work, and unlock strategic value in 2025 and beyond.

What You’ll Learn in This Episode

• Treasury Pain Points Today: Why companies that grow 2X often face 10X more treasury complexity, and how lean teams are struggling with visibility, control, and manual work.

• Cash Visibility & Data Challenges: The hidden cost of poor data, why teams still rely on spreadsheets, and how enriched transaction-level data unlocks real forecasting accuracy.

• Agentic AI vs. AI-Enabled Tools: The difference between legacy TMS platforms that “bolt on” AI and AI-native systems built to automate, analyze, and act in real time.

• Implementation, Speed & ROI: How Nilus connects banks and ERPs in days, and how treasury teams gain immediate productivity, control, and financial returns.

• The Future of Treasury Leadership: Why treasurers remain essential decision-makers, and the skills leaders need as AI shifts the function toward strategy, oversight, and proactive decision-making.

Episode Breakdown with Timestamps

[00:00] – Introduction

[02:02] – The most common symptoms that signal a treasury stack is breaking down

[08:30] – Cash visibility: why companies still struggle and the real cost of not knowing where cash sits

[10:43] – AI-enabled TMS vs. AI-native platforms: what legacy tools can’t do

[14:39] – How agentic AI works: data enrichment, pattern recognition, policy engines & decision support

[17:59] – Solving the data accuracy problem and how AI improves forecast reliability

[21:54] – Real examples where AI surfaced risks and opportunities treasury teams previously missed

[23:55] – Implementation speed: connecting banks & ERPs in days, not months

[27:26] – ROI drivers: productivity, control, liquidity optimization & trapped cash

[33:41] – How treasurers can become strategic leaders and expand their impact across the organization

Follow our guest Daniel Kalish:

LinkedIn: https://www.linkedin.com/in/daniel-kalish-74194768/

Nilus: https://www.nilus.com/

Follow Corporate Treasury 101:

Website : https://corporate-treasury-101.com/...

In this episode of Corporate Treasury 101, we sit down with Stephen Randall, Global Head of Liquidity Management Services at Citi, to dive into the evolving landscape of treasury management and the future of liquidity solutions. With extensive experience in the treasury function, Stephen provides invaluable insights into how businesses are navigating volatility, the increasing need for real-time liquidity, and the role of technology, including AI, in transforming treasury operations.

Stephen discusses the key challenges treasury teams face today, from managing liquidity in real-time to leveraging AI for better decision-making and risk management. He also explores the significant shifts in treasury operations over the past few years, the role of data in modern treasury functions, and what future treasury teams must do to stay ahead in a rapidly changing financial landscape.

Whether you're leading a finance function, navigating the complex treasury landscape, or preparing for your first CFO seat, this conversation offers practical advice on managing liquidity, leveraging technology for efficiency, and future-proofing your treasury operations. Stephen’s insights into adapting to rapid technological advancements, data strategy, and embracing real-time liquidity management are crucial for professionals looking to stay ahead in today’s fast-evolving financial world.

• The Future of Liquidity Management: How companies are preparing for volatility while ensuring they have enough liquidity to capitalize on new opportunities in 2025 and beyond.
• The Speed of Change in Treasury: The shift towards real-time liquidity management and how treasury teams must adapt to faster data flows and transaction speeds.
• AI in Treasury: How AI is shaping the treasury function by enhancing forecasting, anomaly detection, and automating routine tasks for better efficiency.
• The Importance of Data: Why having clean, standardized data is crucial for modern treasury teams to make informed decisions and optimize liquidity.
• Treasury’s Evolving Role: How the relationship between treasury teams and their banking partners is changing and what that means for the future of liquidity management.

[00:00] – Introduction to Stephen Randall and the future of liquidity management

[03:30] – The biggest shifts in treasury operations over the last five years

[07:00] – Managing liquidity during uncertain times and volatile markets

[12:00] – The role of AI in treasury management and its impact on decision-making

[15:30] – Real-time liquidity and the rise of 24/7 treasury functions

[21:00] – Overcoming data challenges in treasury and how clean data drives better decisions

[26:00] – Key strategies for treasury teams to implement AI and automate operations

[30:00] – The future of treasury technology and the need for end-to-end connectivity

[34:30] – How Citi supports treasury teams in navigating these challenges and embracing new technology

Follow our guest Stephen Randall:

• LinkedIn: https://www.linkedin.com/in/stephen-randall-b97997207/
• Citi: https://www.citigroup.com/global
• Treasury Leadership: An Antidote to Market Stress:

In this episode of Corporate Treasury 101, we are joined by Sue Caras, Head of Global Commercial Banking for Global Payments Solutions at Bank of America, to explore the challenges and best practices treasury teams must consider when expanding internationally. With over two decades of experience in corporate treasury and global banking, Sue provides expert insights into managing cash flows, foreign exchange (FX) strategies, and navigating local regulations during international expansion.

Sue discusses the foundational decisions treasury teams need to make when entering new markets, the role of technology in streamlining operations, and the evolving regulatory landscapes across different jurisdictions. Whether you’re part of a growing middle-market company or supporting a multinational enterprise, this conversation offers practical advice on the strategic and operational aspects of corporate treasury during global expansion.

What You’ll Learn in This Episode:

• International Expansion Strategy: Key treasury decisions when scaling internationally, from starting with cross-border transactions to setting up full operations abroad.
• Cash Management Best Practices: How to establish an effective global cash management structure, including choosing banking partners, setting up accounts, and handling liquidity.
• Managing FX Risks: Approaches to mitigating FX exposure when invoicing in local currencies and handling fluctuating exchange rates.
• Navigating Regulatory Complexity: How to manage the regulatory challenges of different countries and understand the role of central banks in financial transactions.
• The Role of Treasury in M&A: How treasury teams support international business development through mergers and acquisitions (M&A).
• AI in Treasury Operations: How generative AI is transforming treasury functions, from forecasting cash flows to automating invoicing and reconciliation.

Episode Breakdown with Timestamps:

[00:00] – Meet Sue Caras from Bank of America

[02:35] – Key Treasury Decisions When Expanding Internationally

[03:51] – Building Best-in-Class Cash Management Infrastructure

[07:57] – Managing Currency Exposure and Natural Hedging

[13:18] – Best Practices for Organic International Expansion

[17:30] – Treasury’s Role in Mergers and Acquisitions (M&A)

[21:17] – The Impact of Tariffs and Global Market Volatility

[24:00] – How Bank of America Uses AI in Treasury

[31:29] – Real Client Case Studies of AI in Treasury Operations

[43:36] – Final Advice: Why Global Expansion Should Be Fun

Follow our guest, Sue Caras:

LinkedIn: https://www.linkedin.com/in/sue-caras-0a08ab169/

Bank of America: https://www.linkedin.com/company/bank-of-america-business/

• Website: https://corporate-treasury-101.com/
• LinkedIn: https://www.linkedin.com/company/86645197/admin/dashboard/

Follow Hussam & Guillaume:

• Hussam on LinkedIn: