Attracting and Retaining Treasury Staff in a Time of Uncertainty
Several factors are contributing to the current state of uncertainty in the U.S. economy. How can corporates navigate those challenges as they attempt to develop and maintain an effective treasury staff?
December 2013 Payments Newsletter
This month, we received the ruling on Visa’s and MasterCard’s multibillion dollar settlement over interchange. While the settlement was approved, many retailers are still opposed to it and plan to appeal. Also this month, we review a recent Senate hearing on bitcoin and virtual currencies, which Payments attended.
Case Study: Implementing an ERP System
When Forest City first implemented its enterprise resource planning (ERP) system in 2007, treasury was only a small piece of the initial “go live,” and many of its processes remained manual. In 2012, Forest City launched “Project Connect,” an effort to connect the procurement, treasury and debt functionalities within the ERP system.
Improving the Financial Close-to-Disclose Process
When it comes to the financial close-to-disclose (C-to-D) process, it’s hard to disguise slow and costly methods. Organizations that excel at C-to-D stand far apart from those that struggle every quarter to close the books on all legal entities, perform reconciliations, consolidate results, analyze performance trends and release official performance results.
Making the Most of Your Treasury Workstation
In a session last week at the 2013 AFP Annual Conference, treasurers discussed how they accessed the full potential of their treasury workstations. Susan Albonetti, assistant treasurer for the University of Cincinnati, noted that new treasury responsibilities led her team to evaluate its treasury workstation to determine whether it could handle additional requirements.