In FP&A, we focus on how to achieve the goals and create forecasts that show whether we are on track. Our colleagues in risk management start from the same goals, but look at what can prevent us from achieving them.
Don Tapscott, one of the world’s top experts on distributed ledger technology, discusses how blockchain could reshape treasury and finance in the very near future.
When senior leadership mandates that you reduce costs over a three-year period, what do you do? If you’re the finance department at Allianz Life, you implement robotic process automation (RPA).
FP&A professionals discuss the ways that they deliver bad news to senior leadership.
After the multitude of discussions I had with treasury professionals at AFP 2017 on payments, I walked away with three key takeaways.
Retail treasury professionals discussed handling cash during a retail industry roundtable at AFP 2017, sponsored by Fifth Third Bank.
RTP, The Clearing House’s real-time payments system, launched this week. BNY Mellon and U.S. Bank initiated the very first real-time payment on the system.
Finance often is involved in change management, both inside our own organizations and across functions. I have been thinking about the buy-in in the context of change management inspired by two recent events.
Finance professionals know that new technologies like artificial intelligence and blockchain will disrupt their function, yet they believe their organizations are not prepared for the coming changes.
How are FP&A professionals to know what they don’t know when the very atmosphere seems choked with unknown unknowns?
Bob Stark, Vice President of Strategy for Kyriba, discusses the ongoing threat of ransomware attacks.
One thing quickly became clear during an AFP 2017 session on cash forecasting—to be effective, you need to be able to rely on the people around you.
In a recent hearing, Rep. Keith Rothfus referenced a new letter by AFP in support of the Consumer Financial Choice and Capital Markets Protection Act (H.R. 2319).
Just getting by with spreadsheets is no longer an option for finance and treasury. The performance advantage gained by efficient analytics is just too large to be without impact.
A new faster payment system is scheduled to arrive in the United States by 2020—an aggressive timeframe that suggests corporate treasurers should start thinking sooner rather than later about the potential ramifications.
Bob Stark of Kyriba discusses the recent Equifax breach and provides tips for treasury professionals on how their departments can avoid a similar scenario.
The latest AFP Corporate Cash Indicators®, signaled that corporate treasury and finance executives are increasingly concerned about the global economy and are stockpiling cash reserves in response.
A new report reveals how AFP MindShift will help you begin to make sense of the technological chaos.
Of course there is a huge amount of data available, at various levels of aggregation. So at which level are you forecasting?
Would a centralized know-your-customer (KYC) repository create a treasure trove for cybercriminals?
Although treasury professionals are probably tired of hearing that passwords aren't sufficient to protect customer data, apparently businesses as a whole aren’t getting the message.
Treasury and finance professionals have heard a lot about blockchain in the past several years. But without interoperability, the technology will never truly break through.
AFP’s FP&A Maturity Model was designed to help organizations determine the level of maturity of their current FP&A capabilities, identify what best-in-class looks like, and what specific actions can improve your team. This month we are examining the data aspect of the Maturity Model.
Combating fraud is one of the biggest concerns for retailers—if not the top challenge.
The presence of several different know-your-customer (KYC) utilities may be impeding the creation of a central repository.
See the innovative solutions of this year's Pinnacle Award finalists. The Pinnacle Awards are sponsored by Wells Fargo.
Security experts provided attendees of Money 2020 with a glimpse into a different approach to cybersecurity—one that relies on a network of freelance hackers to protect your system rather than a traditional consultancy.
Sean Rodriguez of the Federal Reserve discusses why a governance framework will be critical to achieve a ubiquitous faster payments system in the United States by 2020.
By switching from checks and ACH transfers to digital payments, Allstate dramatically reduced payment time while eliminating back-office paperwork and reconciliation processing. The Pinnacle Awards are sponsored by Wells Fargo & Co.
Is your treasury job at risk of someday being automated? At the AFP 2017 Executive Institute, experts debated whether practitioners’ jobs are truly in danger of being phased out—or if they are simply evolving with the times.
The conflict between finance and industrial capital ought to get business leaders thinking “about a different kind of capitalism,” explains financial journalist Rana Foroohar.
Emmanuel Caprais, Vice President of Strategic and Financial Planning for ITT, provides some best practices for delivering operational performance reviews.
Kathryn Powers, Global Treasurer for World Vision International, discusses her organization's FX management solution, which won the 2017 AFP Pinnacle Grand Prize. The Pinnacle Awards are sponsored by Wells Fargo & Co.
Renee Garin of Talen Energy, Chairperson of AFP's Emerging Leaders, discusses the progress that the program has made since launching in 2016.
Marko Papic, Chief Geopolitical Strategist of BCA Research, explains why Europe is not on the verge of collapsing and why Catalonia won't gain independence from Spain.
In an interview at AFP 2017, featured speaker Greg Litster, President of SAFEChecks, describes how check fraud is evolving, and what corporate treasury and finance professionals can do to stop it.
Big data has enabled people to learn an awful lot about their fellow humans but it may also be obscuring their own humanity, data visualist Jer Thorp warned a packed room of FP&A practitioners at AFP 2017 Monday.
According to Sean Rodriguez of the Federal Reserve, faster payments are going to be a reality in the United States—and it might be sooner than most of us think.
Financial professionals gathered for the annual AFP Aware Community Service Day, sponsored by BBVA Compass.
As AFP 2017 Sunday keynote speaker Mike Rowe explained, his popular show “Dirty Jobs” began with an epiphany that led to a turning point in his career.