One of the most interesting programs under development is SWIFT’s Global Payments Innovation Initiative, which is intended to streamline cross-border payments.
Tasked with both controlling the effects of multicurrency volatility while keeping costs low, CFOs find themselves with a tricky balance to strike.
In the 2016 AFP Guide to Treasury Management Systems, corporate practitioners receive a closer look at treasury technology today.
Treasury and finance professionals intend to use same-day ACH for last-minute payments, according to a new survey by AFP, underwritten by J.P. Morgan.
The annual budget should translate the company’s strategic targets into financial terms. But does it?
Here's a 9-point checklist to help treasurers prepare their portals for new money-fund reform, which takes effect October 14.
Many merchants pay 60 percent more than necessary to move, process and bank cash. However, retailers can significantly reduce their cost of cash by learning how top-performing merchants optimize this area.
While some companies have accepted the likely eventuality that the new Section 385 regulations will be finalized, more have not. Furthermore, many treasury functions are taking a backseat.
The U.S. is fairly alone when it comes to check use. In other parts of the world, checks have almost disappeared in favor of electronic payments.
What does this current era of uncertainty mean for CFOs, and how do they go about managing commodity and currency risk across the business?
Skepticism over blockchain technology still exists, but treasury and finance departments are increasingly intrigued by its possibilities for safer and faster payments.
Companies need to think about compliance from the earliest stages of any financing—ideally when they are negotiating term sheets for proposed transactions.
Today’s business environment is like a "Tough Mudder" running competition. There are multiple obstacles you have to overcome if you hope to cross the finish line.
On almost every U.S. commercial account analysis and billing statement, you will see an earnings credit amount and an Earnings Credit Rate (ECR). But where did this earnings credit come from?
It is essential to establish specific guidelines and procedures that must be followed in the preparation, approval and execution of electronic payments.
Budgeting and forecasting is always a challenge—even in a stable environment. But it’s doubly difficult for organizations that are experiencing rapid growth.
FP&A teams should spend more time advising management on strategy and less on lost-value work, according to new research from Adaptive Insights.
By working closely with operations, FP&A can identify key business drivers, help pinpoint savings and growth opportunities, and ensure business leaders execute the plan.
Employee retirement plans have some hidden risks that aren’t always obvious. What’s a CFO or treasurer to do?
SWIFT has revealed that there have been more successful cyberattacks on its member banks, resulting in fraudulent payments instructions being sent across its network. Could corporations be next?
The confluence of external pressures, technological advances and the shifting role of FP&A is bringing the function to an inflection point.
Markets have recovered since the Brexit referendum vote. But treasury and finance executives must be prepared for the worst -- especially those with business in the EU, says economist Nouriel Roubini.
AFP's latest Executive Guide, underwritten by Chatham Financial, aims to support treasury practitioners in developing a strategy and policy to manage foreign exchange risk.
Emerging market currencies are often more volatile than their G7 counterparts and their exchange rates are typically more sensitive to geopolitical and economic events.
Although both instant payments and blockchain may seem to complement one another, their processes are more or less at odds.
While more companies are trying to perfect the science of forecasting, there’s one thing that continues to stand in the way of making pure data-driven decisions: human nature.
One word to describe today and tomorrow’s environment for treasurers might be chaotic. It’s such a negative word! If that’s too harsh, perhaps fragile will do.
Mastering uncertainty is critical for finance executives. But is it even possible? AFP spoke with risk expert Nader Mousavizadeh.
Computer scientist and AFP Annual Conference speaker Dr. Jennifer Golbeck explains why changing your passwords every six months is a bad idea -- and what treasury and finance professionals can do to improve their cybersecurity.
It just got more expensive for corporate treasurers to keep their organization’s money in the UK. Royal Bank of Scotland announced last week that it would begin charging some corporate customers for holding their cash.
There’s constant pressure on the CFO from the CEO to do better. To Innovate. To transform the finance organization into both a leaner and a more forward looking analytics hub that provides insight and foresight to the enterprise.
Analytics and big data provide many new opportunities for working capital optimization. But three key obstacles must be addressed to get your working capital analytics efforts on track.
Finance transformation is making a fast comeback. According to new research conducted by APQC, CFOs are keenly aware of the need to improve the finance function.
With money market fund reform less than two months away, the chances that the floating net asset value (NAV) could still be repealed are slim. Nevertheless, with the cost of funding steadily increasing for U.S. businesses, AFP is making one final push.
It wouldn’t be the Annual Conference without AFPAware Community Service Day, sponsored by BBVA Compass. Every year, AFP partners with organizations committed to corporate and social responsibility.
Eight of the world’s largest banks announced have formed a group to combat cyberthreats. Meanwhile, SWIFT is launching a new campaign aimed at increasing awareness of the existing security features in its interface products.
While there has been a lot of talk about how much cash will move out of prime money market funds before October 15, talking about exiting prime funds and actually doing it are different things.
Growing volatility in the business environment, cost pressures and a new focus on enterprise performance is sparking a renewed interest in how to best organize the FP&A function.
Ask Gideon Rachman for his thoughts on the Brexit vote and he’ll give you an earful. The London-based journalist also has plenty to say about Donald Trump, geopolitical risk and more. That should come as no surprise, given that Rachman is chief foreign affairs commentator for the Financial Times.
Introducing an innovative cash flow funding and forecasting model, which can improve management focus on cash. It’s the kind of detail that should be used as a common language between the group CFO and the business units.