Articles
Why Your Own Data is the Key to Resolving Invoice Disputes
Here's a simple solution for resolving disputes on customer invoices: take a closer look at the data you already have and make sure your staff understands its significance.
Here's a simple solution for resolving disputes on customer invoices: take a closer look at the data you already have and make sure your staff understands its significance.
04/20/2016
FBAR: 5 Critical Filing Tips for Treasury Professionals
During a session Monday at the TEXPO 2016 finance and treasury management conference, experts provided five key tips for treasury professionals filing an FBAR.
During a session Monday at the TEXPO 2016 finance and treasury management conference, experts provided five key tips for treasury professionals filing an FBAR.
04/19/2016
KYC: Treasury’s Necessary Nightmare. Here’s How to Comply.
It’s no secret that know-your-customer (KYC) compliance is a headache for corporate treasurers. At the TEXPO 2016 finance and treasury management conference, multiple treasury professionals voiced their frustrations.
It’s no secret that know-your-customer (KYC) compliance is a headache for corporate treasurers. At the TEXPO 2016 finance and treasury management conference, multiple treasury professionals voiced their frustrations.
04/19/2016
BEC Scams: Why the Game Has Changed for Treasury
The FBI's recent revelation that organizations have lost more than $2.3 billion from business email compromise (BEC) scams over the past three years should come as no surprise to treasury and finance professionals.
The FBI's recent revelation that organizations have lost more than $2.3 billion from business email compromise (BEC) scams over the past three years should come as no surprise to treasury and finance professionals.
04/18/2016
How Finance Execs Can Create a Mentoring Culture
Having a mentor can play a big role in a person’s career success. Yet, while the majority of CFOs say a mentor is important for career development, only a small percentage of workers report being in a mentoring relationship.
Having a mentor can play a big role in a person’s career success. Yet, while the majority of CFOs say a mentor is important for career development, only a small percentage of workers report being in a mentoring relationship.
04/15/2016
CTP Exam Tips: 5 Keys for Aspiring CTPs
If you’re studying to be a Certified Treasury Professional, you’ve got a lot of work ahead of you. Here are five tips to remember.
If you’re studying to be a Certified Treasury Professional, you’ve got a lot of work ahead of you. Here are five tips to remember.
04/15/2016
AFP Risk: Social Responsibility is Risk Management
This month, Starbucks' Drew Wolff discusses his upcoming CTC Corporate Treasurers Forum session on natural-resource risk management.
This month, Starbucks' Drew Wolff discusses his upcoming CTC Corporate Treasurers Forum session on natural-resource risk management.
04/14/2016
Video: CTC Forum to Focus Treasury's Top Concerns
Craig Martin, Executive Director of the Corporate Treasurers Council, provides a preview of the upcoming CTC Corporate Treasurers Forum, May 22-24, 2016 at the Sofitel San Francisco Bay. Learn more here.
Craig Martin, Executive Director of the Corporate Treasurers Council, provides a preview of the upcoming CTC Corporate Treasurers Forum, May 22-24, 2016 at the Sofitel San Francisco Bay. Learn more here.
04/14/2016
Finance Leaders Need to Embrace Creativity. And Fast!
Let’s face it—the finance department does not typically carry a reputation of innovation, daring or creativity. But for any business that wants to compete and thrive in today’s economy, that has to change.
Let’s face it—the finance department does not typically carry a reputation of innovation, daring or creativity. But for any business that wants to compete and thrive in today’s economy, that has to change.
04/13/2016
FP&A Exam Tips: Tackling the Multiple Choice Section
Jim Morales, FP&A, Manager of Business Planning & Strategy for U.S. Gas & Electric Inc., provides his take on the multiple choice section in part one of the FP&A Exam.
Jim Morales, FP&A, Manager of Business Planning & Strategy for U.S. Gas & Electric Inc., provides his take on the multiple choice section in part one of the FP&A Exam.
04/13/2016
Finance Pros, It’s Time to Embrace Big Data. Here’s Why.
Is finance ready for big data? While the majority of FP&A departments have yet to adopt big-data projects, many are considering what strategy to put in place.
Is finance ready for big data? While the majority of FP&A departments have yet to adopt big-data projects, many are considering what strategy to put in place.
04/12/2016
Planning the 2016 AFP Annual Conference: Everybody Helps
AFP recently spoke with three members of its 2016 AFP Annual Conference Planning Task Force on why they got involved. They also discussed some of the proposals they encountered while determining the program for the upcoming event.
AFP recently spoke with three members of its 2016 AFP Annual Conference Planning Task Force on why they got involved. They also discussed some of the proposals they encountered while determining the program for the upcoming event.
04/12/2016
Video: EMV Liability Shift Causes Surge in Chargebacks
Liz Garner, vice president of the Merchant Advisory Group, explains why retailers have seen a steady increase in chargebacks since the October 2015 EMV liability shift.
Liz Garner, vice president of the Merchant Advisory Group, explains why retailers have seen a steady increase in chargebacks since the October 2015 EMV liability shift.
04/11/2016
Square’s Tim Murphy Talks About Building a Treasury Function
Mobile payments giant Square is both young and fast-growing, which has an impact on its treasury infrastructure and leadership approach. Just ask Tim Murphy, treasurer for the payments processor.
Mobile payments giant Square is both young and fast-growing, which has an impact on its treasury infrastructure and leadership approach. Just ask Tim Murphy, treasurer for the payments processor.
04/11/2016
AFP Survey: Treasury Management Systems Are Right On Target
Resource-starved treasury groups are leveraging their knowledge and ingenuity to get more out of their treasury management systems, according to a new AFP survey.
Resource-starved treasury groups are leveraging their knowledge and ingenuity to get more out of their treasury management systems, according to a new AFP survey.
04/09/2016
Managing Millennials: 10 Challenges for Finance Execs
As every senior finance executive will admit, the millennial generation presents some tough management challenges. This article focuses on those challenges and how to overcome them.
As every senior finance executive will admit, the millennial generation presents some tough management challenges. This article focuses on those challenges and how to overcome them.
04/08/2016
Paradigm Shift: Addressing Environmental and Social Issues
AFP spoke with Kristy Murray, environmental and social risk officer for PNC’s Corporate & Institutional Bank, about her role and the paradigm shift both banks and corporations are going through right now in terms of addressing environmental concerns and social responsibility.
AFP spoke with Kristy Murray, environmental and social risk officer for PNC’s Corporate & Institutional Bank, about her role and the paradigm shift both banks and corporations are going through right now in terms of addressing environmental concerns and social responsibility.
04/08/2016
Bullish on Blockchain: Why Corporates Should Forget Bitcoin
Blockchain continued to dominate discussion on the third day of the Money20/20 Europe conference. As for bitcoin? Forget everything you’ve heard about it and other cryptocurrencies, one expert said.
Blockchain continued to dominate discussion on the third day of the Money20/20 Europe conference. As for bitcoin? Forget everything you’ve heard about it and other cryptocurrencies, one expert said.
04/07/2016
Video: How Can Treasury Ease the KYC Burden?
Dana Laidhold, Treasurer and Principal for The Carlyle Group, explains how treasury professionals can ease the burden of know-your-customer (KYC) rules by working closer with their banking partners.
Dana Laidhold, Treasurer and Principal for The Carlyle Group, explains how treasury professionals can ease the burden of know-your-customer (KYC) rules by working closer with their banking partners.
04/07/2016
Never Heard of ESG? It’s Time for Finance Execs to Listen Up
If the phone call inquiring about your company’s environmental, social and governance (ESG) criteria has yet to arrive, it likely will soon.
If the phone call inquiring about your company’s environmental, social and governance (ESG) criteria has yet to arrive, it likely will soon.
04/06/2016
Cross-Border Payments: What Do Treasurers Really Want?
When it comes to cross-border payments, faster may not be better.
When it comes to cross-border payments, faster may not be better.
04/06/2016
Real-Time Payments: Time to Focus on the Corporate End Users
There are plenty of real-time payments initiatives under development around the world, but all of them seem to forget one thing: corporate end-users.
There are plenty of real-time payments initiatives under development around the world, but all of them seem to forget one thing: corporate end-users.
04/06/2016
Asia: The Place to Be for Treasury and Finance Innovation
Startups are likely to pass banks by and lead the way on innovation in Asia—and that could be good news for corporate treasurers.
Startups are likely to pass banks by and lead the way on innovation in Asia—and that could be good news for corporate treasurers.
04/06/2016
CTC Forum Preview: Tap Into Your Energy Sources
Laurie Coe of The Energy Project discusses her upcoming CTC Corporate Treasurers Forum keynote session on how treasury and finance executives can get the most out of their employees.
Laurie Coe of The Energy Project discusses her upcoming CTC Corporate Treasurers Forum keynote session on how treasury and finance executives can get the most out of their employees.
04/06/2016
The Seven Reasons to Adopt Beyond Budgeting Principles
According to the Beyond Budgeting Round Table (BBRT), abandoning a traditional budget yields a number of key benefits.
According to the Beyond Budgeting Round Table (BBRT), abandoning a traditional budget yields a number of key benefits.
04/05/2016
Latest AFP Annual Conference Blog: Meet the Organizers
In the latest AFP Annual Conference blog post, meet one of the organizers: Fred Schacknies, Vice President and Assistant Treasurer of Hilton Worldwide, Inc.
In the latest AFP Annual Conference blog post, meet one of the organizers: Fred Schacknies, Vice President and Assistant Treasurer of Hilton Worldwide, Inc.
04/05/2016
Biometrics for Treasury & Finance: To Scan or Not to Scan?
Biometrics took center stage during a discussion on balancing customer experience with mitigating fraud and cybercrime Tuesday morning at Money20/20 Europe. While there are clear advantages to corporates adopting this innovative technology, no solution is perfect.
Biometrics took center stage during a discussion on balancing customer experience with mitigating fraud and cybercrime Tuesday morning at Money20/20 Europe. While there are clear advantages to corporates adopting this innovative technology, no solution is perfect.
04/05/2016
Chargebacks: 5 Ways Online Retailers Fail to Address Them
Chargeback or “friendly” fraud, which involves a customer making an online purchase from a retailer and then requesting a refund from the bank, has become a major problem for merchants in Europe.
Chargeback or “friendly” fraud, which involves a customer making an online purchase from a retailer and then requesting a refund from the bank, has become a major problem for merchants in Europe.
04/05/2016
Should Treasury and Finance Execs Embrace Reverse Mentoring?
Treasury and finance executives with years of experience may think they’re too old for a mentor—especially a younger, more junior colleague. Here’s why that attitude is wrong.
Treasury and finance executives with years of experience may think they’re too old for a mentor—especially a younger, more junior colleague. Here’s why that attitude is wrong.
04/05/2016
Your Funds in Seconds: Allstate Speeds Up Claim Payments
Faced with a check-heavy claims payment process, Allstate implemented a service that routes payments to customer bank accounts using mobile phone numbers and email addresses as identifiers.
Faced with a check-heavy claims payment process, Allstate implemented a service that routes payments to customer bank accounts using mobile phone numbers and email addresses as identifiers.
04/04/2016
FP&A Benchmarking Survey: A Few More Weeks to Participate
Financial planning and analysis (FP&A) professionals only have only a few more weeks to participate in the 2016 AFP FP&A Benchmarking Survey, conducted in partnership with IBM.
Financial planning and analysis (FP&A) professionals only have only a few more weeks to participate in the 2016 AFP FP&A Benchmarking Survey, conducted in partnership with IBM.
04/04/2016
Does Blockchain Technology Need a Global Standard to Thrive?
Blockchain dominated discussion on the first day of the Money20/20 Europe conference, with one panel discussing the difficulty governments are having coming up with regulations for the digital ledger technology.
Blockchain dominated discussion on the first day of the Money20/20 Europe conference, with one panel discussing the difficulty governments are having coming up with regulations for the digital ledger technology.
04/04/2016
Walk Before You Run: The Fed’s Slow Crawl to Faster Payments
While real-time systems have been put in place in multiple nations like the UK, there are still questions about how and when such a system might be implemented in the United States.
While real-time systems have been put in place in multiple nations like the UK, there are still questions about how and when such a system might be implemented in the United States.
04/04/2016
Video: Wire Fraud, BEC Scams On the Rise
Magnus Carlsson, AFP's manager of treasury and payments, discusses the findings of the 2016 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan.
Magnus Carlsson, AFP's manager of treasury and payments, discusses the findings of the 2016 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan.
04/01/2016
Beyond Budgeting Keeps Statoil Agile During a Downturn
With oil prices plummeting in the last 18 months, AFP turned to one champion of Beyond Budgeting, Norway-based energy company Statoil, to see how the methodology served it as its market environment turned south.
With oil prices plummeting in the last 18 months, AFP turned to one champion of Beyond Budgeting, Norway-based energy company Statoil, to see how the methodology served it as its market environment turned south.
03/31/2016
Starbucks Treasurer: Social Responsibility is Risk Management
Drew Wolff, treasurer for Starbucks, discusses his upcoming CTC Corporate Treasurers Forum session on why natural-resource risk management is becoming more important to investors and customers.
Drew Wolff, treasurer for Starbucks, discusses his upcoming CTC Corporate Treasurers Forum session on why natural-resource risk management is becoming more important to investors and customers.
03/31/2016
Corporate Finance Interview Questions
If you interview in corporate finance, expect some companies to present their questions in the form of business cases or word problems. Whatever your answer, explain the rationale behind your thinking. Employers are just as interested in your ability to grasp business strategy as they are in your ability to crunch numbers.
03/31/2016
FP&A Presentation Tips: Making Your Data Make Sense
Big data, predictive analytics and data visualization are immensely powerful tools for understanding a complex world and making better decisions. But they’re useless if your audience can’t make sense of the information they provide.
Big data, predictive analytics and data visualization are immensely powerful tools for understanding a complex world and making better decisions. But they’re useless if your audience can’t make sense of the information they provide.
03/30/2016
Where Treasury & FP&A Converge
AFP recently spoke with Tom Gallo, treasurer for ABM Industries, on how his treasury department works alongside financial planning and analysis (FP&A). Recent changes at the facility management provider has resulted in closer collaboration between both functions.
AFP recently spoke with Tom Gallo, treasurer for ABM Industries, on how his treasury department works alongside financial planning and analysis (FP&A). Recent changes at the facility management provider has resulted in closer collaboration between both functions.
03/30/2016
AFP Survey: 73% of U.S. Companies Targeted by Payments Fraud
The 2016 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, found that 73 percent of all U.S. companies experienced payments fraud last year.
The 2016 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, found that 73 percent of all U.S. companies experienced payments fraud last year.
03/29/2016
