2Q14 Corporate Cash Reserves Up, Short-Term Investment Quickens
Coinciding with the SEC’s money market mutual fund ruling for corporations, the AFP Corporate Cash Indicators ® (AFP CCI), underwritten by State Street Global Advisors, revealed that U.S. businesses built cash reserves at a faster pace during the second quarter of 2014 and invested those assets more conservatively. But the burst in cash accumulation is expected to be short lived.
Case Study: Vanguard’s SWIFT Implementation
Vanguard’s Money Movement Unit, which initiates billions in payments on a daily basis, was too dependent on manual processes and legacy systems that couldn’t handle the workload. Migrating to a treasury workstation and utilizing SWIFT enabled the company to streamline its payments process and reduce risk.
10 Steps Every Treasurer Should Take to Handle New Money Fund Rules
Tom Hunt, CTP, Director of Treasury Services for the Association for Financial Professionals, lists 10 steps every treasurer should take to prepare for the new money market fund rules approved today by the Securities and Exchange Commission.
July 2014 Futures in Finance Newsletter
This month, we bring you two exclusive video interviews with members of our inaugural class of Certified Corporate Financial Planning & Analysis (FP&A) professionals. Travis Lockhart of IMC and Todd Peterson of AARP discuss why they were interested in taking the beta exam and how they prepared for it. Also this month, we have the second installment in the AFP Advisors Network's series on the three core competencies of independent consulting.
The Ideal Skill Set for a Financial Consultant
The second core competency that any prospective independent treasury or finance consultant needs is technical competency. Many independent consulting engagements can be very technical in nature, so practitioners who believe they may eventually pursue independent consulting would be wise to keep those skills fresh.