Articles

CTP Profile: Filling a Knowledge Gap Led Him to Treasury
‘Just being proactive in taking on new responsibilities’ is what Kevin Ng might say about the opportunity that led to his career in treasury. He started out by volunteering to forecast global procurement cashflow and paying the global suppliers for SVP Worldwide. The global CFO at that time was heavily involved in day-to-day treasury operations, and the complex cashflow forecast model helped get Kevin noticed in the organization.

09/30/2022

Cash Conversion Cycle: What Is It and How Can You Improve It?
All organizations know the importance of managing cash and working capital; without them, organizations simply cannot exist. Yet, when targeting growth, too many organizations focus on trying to increase sales or reduce supplier costs, while ignoring the potential benefits of efficient working capital management.

09/27/2022

Corporate Credit as the Cycle Turns
In a recent webinar hosted by AFP, Moody’s, a global integrated risk assessment firm, provided in-depth insight into how corporate credit fundamentals are evolving at a high macro level, the crossover zone, and which areas are most vulnerable to adverse developments in the credit cycle.

09/26/2022

The Association for Financial Professionals Welcomes Morgan Stanley to its DEI Awareness Initiative
Morgan Stanley has joined AFP’s Diversity, Equity and Inclusion (DEI) Awareness Initiative for Treasury and Finance, which helps college students and young professionals from underrepresented communities pursue careers in treasury and finance.

09/20/2022

AFP Launches the Middle East and Africa FP&A Advisory Council
AFP announced the formation of its new Middle East and Africa (MEA) Financial Planning & Analysis (FP&A) Advisory Council. The objective of the Council is to provide subject matter expertise and guidance to ensure that AFP delivers products and services that meet the needs of the corporate finance community in the MEA region.

09/20/2022

The 5 Key Principles of Nonverbal Communication
The transition in recent years to a virtual/remote environment has changed the way we work and communicate. Workplace trends indicate that a remote or hybrid work environment is here to stay, at least for the foreseeable future.

09/20/2022

What Makes Real-Time Payments Different?
Real-time payments represent a step-change in the evolution of payment instruments. Although they are often viewed as just another type of faster payment, they have some distinct characteristics that stand them apart from others, such as Same-Day ACH.

09/19/2022

Tracking KPIs After an Acquisition
The AFP FP&A Mini Case Study series is designed to help you build up key FP&A capabilities and skills by sharing examples of how leading practitioners have tackled challenges in their work and the lessons learned. In this side-by-side comparison of two cases, a senior-level FP&A practitioner tells the story of working on two very different acquisitions.

09/12/2022

Managing Reorgs and Purple People at Shell
As part of our APAC FP&A Advisory Council series profiling individual council members, AFP’s Director of FP&A Practice Bryan Lapidus, FPAC, spoke with Sai "Giri" Giridhar, Finance Director at Shell Energy India.

09/12/2022

J.P. Morgan Joins Forces with AFP on DEI Awareness Initiative
AFP is thrilled to announce that J.P. Morgan is joining our Diversity, Equity and Inclusion (DEI) Awareness Initiative for Treasury and Finance, which introduces corporate treasury and finance careers to underrepresented communities.

09/07/2022

Tips for Using Statistics Well
The power of statistics is the ability to understand the world and make meaning from the increasing piles of data that accumulate around us. Statistics is a critical tool to work with data, interpret key messages, make predictions and take action upon that wealth of data.

09/06/2022

The Dos and Don’ts of Virtual Interviewing
Most job interviews are going to occur online for the foreseeable future. Even after the pandemic ends, many companies will continue to work remotely and you should get used to interviewing in front of a computer screen. The following tips will help you on your next interview, whether it’s virtual or in-person.

09/02/2022

Advancing Data Science for Finance
As a member of AFP’s FP&A Advisory Council, Hector Rubalcava, FPAC, is able to gain a clear understanding of the needs and challenges other FP&A professionals are dealing with, and he is then able to take their advice and insight and apply it to his own organization. “If you were to ask me for a list of everything I've been able to roll out, it's a very long one with many success stories.”

08/30/2022

2022 Pinnacle Finalists: Comcast Capital Corporation, Marsh McLennan and Oracle Cerner
Comcast Capital Corporation, Marsh McLennan and Oracle Cerner are finalists for the AFP 2022 Pinnacle Award. Sponsored by MUFG, the AFP Pinnacle Award was established in 1997 to recognize excellence in treasury and finance.

08/30/2022

2022 AFP Liquidity Survey: Short-Term Investing in Turbulent Times
According to the 2022 AFP Liquidity Survey, underwritten by Invesco, safety continues to be the most valued short-term investment objective for organizations. During the companion webinar to the survey, an expert panel discussed planning liquidity in times of uncertainty.

08/29/2022

CTP Profile: Another Auditor Goes Treasurer
Christiana Lim's education, a degree in accounting and finance, was the perfect backdrop to the career path she started down: working for one of the big four audit firms. But despite enjoying aspects of the job — the environment, working with a variety of clients — it wasn’t where her heart was.

08/26/2022

8 Differences Between Accounting and FP&A
Two forces are moving in tandem to tempt accounting personnel to move into financial planning and analysis (FP&A). First is a change at the corporate level. In recent years, organizations realized they needed staff with finance skills to improve forecasting and modeling and to work with the business. The second is more personal.

08/23/2022

MEA Treasury Professionals React to Economic Issues in Egypt
Inflation is running rampant in Egypt. As the Egyptian pound (EGP) becomes inflated, companies are updating their prices and cutting back on output, thereby slowing the flow of goods. They cannot get banks to exchange EGP for USD — banks do not want to make the currency conversion due to the currency risk (1 EGP = .05 USD at the time of publication) — and they have no access to outside markets.

08/17/2022

APAC FP&A Advisory Council: How Do We Forecast Now?
The AFP Asia-Pacific Financial Planning & Analysis Advisory Council (FPAAC) met to discuss what financial forecasting looks like now when there are so many disruptions. The group talked about defining their financial guidelines, re-examining budgeting and forecasting processes, and changing metrics used to operate the company.

08/16/2022

Cost Accounting to FP&A: How to Transition & Grow
After spending most of his career in traditional cost accounting roles, Benn Wann recently changed jobs from manufacturing plant controller to head of FP&A. Making this type of change within the office of the CFO can hold many benefits for those with a strong accounting foundation.

08/11/2022

APAC Treasury Advisory Council Profile: Shankar Ramaswamy, MBA, CTP
As a treasury business partner working in Group Treasury for Travelopia, Shankar Ramaswamy, MBA, CTP, covers a lot of ground. The experiential travel company he works for operates in over 130 source markets and 150 destinations across all continents.

08/10/2022

Solving Problems with the Resources You Already Have
Corporate treasury and finance professionals are often tasked with solving big problems using existing resources. Dr. Simone Ahuja makes the case that a growth mindset and a simple toolkit of strategies are all you need to generate high-value solutions.

08/04/2022

CTP Profile: Dinner with a Client Changed His Life
He got his start in treasury over dinner. That’s how Lionel Lee, CTP, tells it. Lee started his career in investment banking, then, after working in the field for four years, dinner with a client changed his life. “During the dinner they asked me if I wanted to move to Hong Kong to join their corporate treasury team,” said Lee. “I thought it was, holistically, a good move, so I said yes.”

08/04/2022

What Financial Planning and Analysis Looks Like Today
Both inside and outside of finance, FP&A — or financial planning & analysis — is often poorly understood. You might even know it by a different name, depending on your company or location. Regardless, the goal of FP&A is always the same: to optimize the use of capital and resources by supporting business decisions.

08/03/2022

Treasury as a Profit Center: Learning from Government Organizations
For organizations thinking of using their treasury as a profit center, there are many factors to consider. In a recent webinar, “Treasury as a Profit Center: A Government’s Perspective,” Tony Vu, CTP, treasurer and chief investment officer of the University of Colorado System, shared his experience operating treasury as a profit center for three government or government-like organizations.

08/01/2022

Webinar Q&A: Risks for Payments Fraud and Mitigation Strategies
Overall payments fraud was down in 2021, according to the 2022 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan. Even so, the survey finds that the underlying fraud by payment type is changing, as companies shift from paper to digital methods.

08/01/2022

9 Critical Pitfalls to Avoid on the AI Journey in Finance
Data insights provided by AI can allow finance professionals to move faster and nimbler, make more data-driven decisions and transform business operations. The main applications of AI in finance are financial modeling and forecasting.

07/22/2022

When an In-house Bank Makes Sense
Using your company’s own resources for financing, an in-house bank (IHB) is a cost-effective way of consolidating your treasury functions into one central entity rather than having each subsidiary work through a different local bank. It is transparent and efficient, and allows you to centrally handle your banking relationships, currency risk, payments and collections.

07/19/2022

Planning Liquidity in Times of Uncertainty
The 2022 AFP® Liquidity Survey, underwritten by Invesco, aims to understand current and emerging trends in organizations’ cash and short-term investment holdings, investment policies and strategies in the current economic environment. The key findings are formed by the nearly 300 treasury practitioners who responded to the survey.

07/18/2022

How Finance Deals with Supply Chain Challenges
Supply chain issues are affecting every single business in the world in some way, shape or form. For an international tire manufacturer and hospital supply chain group, this is a mission-critical issue. So how are they dealing with it? How have things changed over the past two years, and have prices increased as a result? To find out, AFP’s Bryan Lapidus, director of FP&A Practice sat down with Tom Russell, CPA & FPAC, director of Global FP&A for Cooper Tire & Rubber Company, and Pete Geiler, director of supply chain finance for a large hospital system.

07/14/2022

New DEI Partnership Seeks to Increase Awareness of Treasury and Finance Careers
AFP is proud to announce that Wells Fargo has joined the AFP Diversity, Equity and Inclusion (DEI) Initiative for Treasury and Finance, which introduces treasury and finance careers to underrepresented communities.

07/12/2022

What Is Driving, and Enabling, Digitization in Treasury?
It is clear that automation and digitization permitted companies to continue to operate in a remote working environment in a way that simply would not have been possible just a few years ago. The requirement to work remotely simply accelerated changes that were already in transit. So what happens next?

07/11/2022

The Many Faces of FP&A: Which One Are You?
In our roles as FP&A professionals, we carry out our craft under the guise of a multitude of archetypes. In a fun — and telling — exercise, we recently presented the FP&A Advisory Committee with the following slate of images and asked: Which one best describes you as you’re engaged in the FP&A function at your organization? Below is what they had to say.

07/11/2022

Hiring? Six Ways to Land Top FP&A Talent - And Five Ways for Candidates to Stand Out
The struggle to find - and secure - finance and accounting talent is real and palatable. AFP’s North American FP&A Advisory Council (FPAAC) recently met to discuss the recruiting and hiring landscape.

07/05/2022

Personal Growth: Learn, Unlearn and Relearn
Anxiety over job security is real. The World Economic Forum reports that 42% of core skills required for most jobs are going to change by 2022, and many sources estimate the half-life of most professional skills to be five years or less.

07/01/2022

Treasury Professionals Discuss Getting the Best Rates on FX
AFP recently met with a group of treasury professionals from the Asia-Pacific Region (APAC) to find out which methods their companies are using to get the best rates on FX (foreign exchange) contracts and derivatives.

06/30/2022

We Took a Deep Dive into Data; Here’s What We Learned
The AFP FP&A Series is a half day, virtual mini conference designed to take a deep dive into one cutting-edge topic per event. The first event was titled, “Get Your Data Right” and was held in June and exclusively sponsored by AARP.

06/30/2022

A Three-step Route to Optimization
Companies are under constant pressure to operate as efficiently as possible, and the treasury department is no exception. Automation of mundane activities offers a clear way to improve efficiency. The difficulty for most treasury practitioners is determining how best to automate the range of activities within the department.

06/27/2022

FPAC: Making a Successful Transition from Accounting to FP&A
AFP recently caught up with Kamlesh Bhojwani, FPAC, senior director and head of Finance, Facilities & Finance Shared Services at AMH’s Global Capability Center (GCC) in India, to discuss his decision to earn the FPAC, and how it has affected his life and career journey.

06/21/2022

Vigilance and Education Are Key to an Effective Fraud Response Say Experts
Fraud continues to dominate and indiscriminately impact companies of all sizes and across all industries with ever more sophisticated methods. For the 14th year in a row, J.P. Morgan has underwritten AFP’s Payments Fraud and Control Survey to support the education, insights and knowledge it provides in the hope of protecting our companies and our flows.

06/21/2022

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