While there are many regulations treasurers need to pay attention to, the Treasury Department’s proposed changes to Internal Revenue Code section 385 have the potential to significantly impact treasury departments at large.
According to the 2016 AFP Liquidity Survey, underwritten by State Street Global Advisors (SSGA), 90 percent of treasury and finance professionals cite their overall relationship with their bank as an important determinant when choosing a bank in which to invest their short-term cash.
Because of the weak Canadian dollar, many companies on both sides of the border are experiencing volatility in their costs, revenues and net income. How should companies manage these risks?
SWIFT is teaming up with BAE Systems and Fox-IT to investigate recent cyberattacks on its customers. The news follows reports that hackers hit another bank and transferred funds across the SWIFT network.
A fundamental shift within the payments industry, driven by the financial crisis and the rise of fintech, should be music to the ears of corporate treasury professionals.
Many newcomers to finance will come from the millennial generation. It’s therefore incumbent upon senior finance executives to learn how to attract and best manage this younger workforce.
AFP sent a comment letter to the Internal Revenue Service in response to proposed changes to Section 385.
What does it take to run a successful treasury department? Here are some basic principles that can be used to enhance the impact treasury has inside and outside of the organization.
Recruiters get a bird’s-eye view of the interaction between millennials and finance hiring managers. They see what companies are asking for and what millennials bring to the table.
The comment deadline for the Treasury Department’s proposed revision of Internal Revenue Code section 385 is fast approaching. Yet few companies are actually preparing for what will likely be a massive change to how they fund themselves.
How can FP&A help their organization prepare for the uncertainty that ensued in the aftermath of the vote?
The New York State Department of Labor has proposed a rule that could cause a major shakeup for companies’ payroll functions.
One comment made by numerous students in classes, study sessions, online, and other places is: “This example in the text isn’t real. That isn’t the way my company does this.”
AFP recently interviewed Doris Kearns Goodwin, a Pulitzer Prize-winning Presidential historian and best-selling author, about the upcoming Presidential election. Kearns Goodwin is one of the panelists who will open the AFP Annual Conference in October in a session titled, “Making Sense of the Global Chaos.”
Sometimes, financial planning and analysis (FP&A) is in the eye of the storm—think Takata, or VW. How can FP&A help management plan for extraordinary events?
With Brexit continuing to wreak havoc on the markets, AFP spoke with three treasury and finance executives to see how they are handling the fallout.
The votes are in; the U.K. will leave the European Union, correct? Not so fast, says Gideon Rachmann, Chief Foreign Affairs Commentator for the Financial Times.
Facing greater market volatility, a fast-changing business environment, and a constant push from senior management to improve the planning process, more FP&A teams are incorporating driver-based modeling into their forecasting methodology.
Although business email compromise (BEC) scams have been going on for quite a while, many corporates are still in the danger zone from this type of fraud. Why are these seemingly simple scams so successful for criminals?
Recognizing the tension between strategic and operational goals is the first step toward better coordination and decision-making. Here are five practices that can help organizations seeking to avoid process optimization efforts occurring in silos.
The implications of the Brexit vote make take months, if not years, for corporate treasury and finance to absorb.
A vote to exit would likely hurt business sentiment and investment immediately. The big problem is the uncertainty surrounding the United Kingdom’s commercial relationship with the EU. The uncertainty surrounding this new relationship could take years to sort out.
A new AFP Payments Security Guide underwritten by MUFG Union Bank examines the basic steps companies can take today to minimize—if never completely eliminate—BEC scams.
How can CFOs and senior FP&A executives make sure they hire the right talent, and thus better align the FP&A team with the organization’s strategic objectives?
AFP and nearly 70 other organizations have sent a letter to Congress, voicing their concerns about the U.S. Treasury Department’s proposed Section 385 regulations.
At the 2016 AFP Retail Roundtable, retail treasurers voiced their frustrations with their armored carriers.
Members of AFP’s Treasury Advisory Group received an update from the Remittance Coalition on two key areas it has been focusing on—ISO 20022 implementation and the B2B Directory.
Congratulations! You have successfully passed the CTP exam. But recertification is something that you have to think about down the road.
Corporate treasury professionals are stressed over the proposed 385 regulations. But could the Treasury Department make an exception for cash pooling?
Members of AFP’s Treasury Advisory Group were asked if the referendum on whether the UK should leave the European Union could impact them in any way.
Corporate treasurers expressed frustration over the way their banks are preparing for same-day ACH payments at the latest meeting of AFP’s Treasury Advisory Group.
Many corporate treasurers are hoping that the UK doesn’t leave the European Union, given the implications it has for FX exposures and trade
Two years ago, the Securities and Exchange Commission (SEC) was still deliberating on new rules for prime money market funds, and Basel III banking reforms were only in the early stages of implementation.
Senior management and business partners increasingly rely on financial planning and analysis (FP&A) to provide them with the analytical engine to power better decisions across the enterprise.
Treasury and finance professionals are seeing an increasing amount of business email compromise (BEC) scams. What can they do after their organization has fallen victim?
The June edition of AFP Risk looks at the latest developments in SWIFT hacking saga. With breaches at as many as 12 banks connected to the SWIFT network
Students, new and old, who wish to sit for the FP&A exam should understand the significant time commitment required to obtain the certification.
Millennial finance professionals are pushing their employers to adopt newer and faster technologies, and they’re pushing their vendors to make user interface more intuitive.
The U.S. Chamber of Commerce is hosting an event to discuss the financial services needs and challenges businesses face in the current regulatory environment.
AFP’s latest Treasury in Practice Guide, underwritten by Thomson Reuters, provides some possible solutions treasury professionals can apply to make the KYC process easier.