Concerned about Brexit and a tepid economy, American companies in the second quarter of 2016 returned to accumulating cash at a fast pace, according to the AFP Corporate Cash Indicators® (AFP CCI).
AFP recently spoke with data journalist David McCandless, who will speak about data visualization at its Annual Conference in October, from his home in London.
Zero-based budgeting is making a comeback, and it doesn't require a big-bang implementation. Many companies are getting great results by doing the exact opposite.
Large ACH originators could be hit with unintended fees once same-day ACH starts September 23.
Tom Hunt, CTP, AFP's Director of Treasury Services, weighs in on the key themes discussed at a July 14, 2016 hearing on proposed changes to section 385 of Internal Revenue Code.
The role of financial planning and analysis (FP&A) in for- and not-for-profit organizations is increasingly similar: It needs to help management make smart decisions about how to make investments and cut costs.
Craig Martin, Executive Director of AFP's Corporate Treasurers Council, provides a preview of the Executive Institute at the 2016 AFP Annual Conference, Oct. 23-26 in Orlando, Florida.
There’s a new brand of zero-based budgeting (ZBB) out there. This new version is more strategic and more targeted than Version 1.0.
In 2015, data flash storage company Pure Storage went public. The finance team realized it needed the expertise that comes with a treasury function.
Simply put, too many decimals can yield the wrong answer on the CTP exam.
The IRS received considerable pushback against the proposed changes to section 385 of the Internal Revenue Code during a public hearing.
During an AFP roundtable in Boston sponsored by Peloton, attendees discussed the skills FP&A practitioners need to have in order to become strategic partners to the business.
AFP recently interviewed Ret. Gen. Martin Dempsey, former chairman of the Joint Chiefs of Staff. As chairman of the Joint Chiefs of Staff he was the senior officer in the Armed Forces and the military advisor to the secretary of defense and to the President.
Tom Hunt, CTP, Director of Treasury Services for AFP, discusses the results of the 2016 AFP Liquidity Survey, underwritten by State Street Global Advisors (SSGA).
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.