The rise of various utilities has brought to light a potential solution to solve KYC compliance headaches for treasurers. Unfortunately, treasurers haven’t exactly been flocking to them.
There are multiple pain points in accounts payable (AP) processes that payments operations professionals can resolve by using automation. One of the most obvious is how it can drastically reduce manual approval processes.
Corporate treasury departments still have time to prepare for the transition away from the London Interbank Offered Rate (Libor), but 2022 will be here before you know it. That was the view from a meeting Monday morning at the U.S. Chamber of Commerce.
It is often the responsibility of treasury to coordinate with a third-party bank to set up a cash pool, and as a result, certain embedded tax risks can be overlooked.
How can organizations best discover fraud, and who should they contact once they do? AFP’s new Payments Guide, underwritten by MUFG Union Bank, provides some helpful tips from the FBI.
PSD2 obliges banks to grant access to payment accounts to Payment Initiation Service Providers (PISPs). Let's evaluate PISPs and the services that they provide.
FP&A is growing more attractive to accountants. So how can you switch from accounting to FP&A?
Treasury and finance professionals earned an average 3.5 percent base salary increase in 2018, according to the 2019 AFP Compensation Survey.
Treasury professionals often list KYC compliance among their biggest pain points. But what they may not realize is that KYC is also huge headache for banks.
Some of the more popular tools of financial analysis are financial statement ratios. But how can we add value to these ratios? One answer is to use psychology when analyzing financial statements.
E-invoicing is not a new concept, but it’s had some trouble catching on in the United States. But that could be on the cusp of changing.
FinNext 2019 is on the books but the two-day meeting for FP&A professionals still reverberates in my mind. There were so many great insights by so many people—attendees not just speakers—that I decided to put them all down in one document to collect my thoughts.
FP&A teams have come a long way, but what changes can we expect to see in the future? There are at least five additional changes we’ll see in near future.
U.S. companies built their cash reserves and short-term investment holdings at a much slower pace in the first quarter of the year than in the last quarter of 2018, according to the AFP Corporate Cash Indicators®, underwritten by BMO.
Fallback language for the London Interbank Offered Rate (Libor) has been released. This language indicates the rate that corporates would fall back on, should Libor become unusable after 2021.
Accounts receivable (AR) as an asset is an important concept for treasury and payments professionals to understand. Improving AR can actually build cash reserves and help the organization better manage its money.
Being a leader is never easy, nor does it come easily. Here are 10 lessons from leadership guru Chip Colbert.
Digital disruption took center stage at the recently concluded FinNext 2019 for FP&A practitioners. More than 300 attendees and a dozen exhibitors gathered to discuss the state of FP&A and how the profession can thrive amid transformative change driven primarily by new technology.
PSD2 is considered the foundation of open banking. Why is this important? Because it lays the groundwork for the banking changes that are happening today in Europe and what will soon happen in the rest of the world.
PowerPivot and DAX are the business intelligence tools that give us control.
New research from the U.S. Chamber of Commerce revealed that although financing is generally available, many corporate treasurers have been forced to change how they operate to obtain it.
Are bots really part of the FP&A team, or are they just a tool like spreadsheet or an accounting system?
Payments fraud continues to soar, as a record 82 percent of organizations reported incidents in 2018, according to the 2019 AFP Payments Fraud & Control Survey, underwritten by J.P. Morgan.
After years as an employee,including being a direct report to the CFO, Cindy Rogers, FP&A, struck out on her own as an FP&A consulting professional.
Cybersecurity is among the top risks that financial professionals cite as top areas of concern, according to the 2019 Risk Survey, supported by Marsh & McLennan Insights.
With a multibillion dollar acquisition and a partnership with the world’s largest retailer, payment processor Worldpay had a pretty good week. But what are the greater implications for the payments industry?
Treasurers and CFOs will feel increasing pressure to adopt AI technologies, such as machine learning and big data analytics, to facilitate financial forecasts. Why isn’t this something that everyone is doing?
During the latest meeting of AFP’s Treasury Advisory Group (TAG), treasury professionals voiced their dissatisfaction with banks’ know-you-customer (KYC) rule process.
How can finance executives navigate digital transformation? Here are five lessons about navigating digital transformation from ABM chief executive officer Scott Salmirs on AFP Conversations: Leadership Series podcast.
Innovation is critical for organizations because it establishes a foundation for long-term survival. How can finance measure innovation? Simple—inspect what you expect.
PSD2 has a lot to offer corporate treasury professionals, particularly when it comes to payments. Unfortunately, it hasn’t received a whole lot of attention in the United States—but that soon may change. And it needs to.
In a recent survey, CFOs named the function of FP&A a top priority to transform and get more value from. That’s no surprise, because FP&A has been on the rise, driven by CFOs to become more strategic and a value-creating partner to the CEO.
The Loan Syndications and Trading Association (LSTA) offered pieces of advice on the transition away from the London Interbank Offered Rate (Libor).
SWIFT will open its know-your-customer (KYC) repository to corporates later this year. But unless it has strong standards, it is unlikely that this platform will ease corporates’ frustrations with this process.
Improving cross-border payments is a priority for many treasurers. Here are six questions to ask to help you improve your cross-border payments.
Statistical tools are gaining in importance as the volume, variety, and velocity of data increases. Here is how to create an autoregressive integrated moving average (ARIMA) model.
The Libor transition continues, with replacements starting to address cash products. These risk-free rates, or RFRs, offer benefits and challenges.
The impact of blockchain is only beginning to be felt throughout organizations. How will blockchain impact the future of treasury? Andy Fately shares his thoughts.
Corporate tax reform was a major victory for treasury and finance in 2018. Even so, more guidance was needed to help practitioners apply the changes. Now, the IRS has issued new regulations clarifying corporate tax reform.
It’s not easy to build a high-performing FP&A team that operates on a global scale. Here’s what FP&A can do to structure an effective analytical team that operates internationally.