The COVID-19 crisis has underscored the importance of treasury’s role in the organization, according to the 2020 AFP Strategic Role of Treasury Survey, supported by Marsh & McLennan.
The corporate finance function is beholden to the quality of our financial modeling and analysis. Yet, a problem lies hidden in here.
FP&A operates in an environment where data is often accessible and unstable. Therefore, we need the skills, tools and methods to handle multiple points of view simultaneously.
Historically, bank relationships have been driven by credit. However, in the COVID-19 environment, much about those relationships has changed.
Corporate treasury and finance professionals are apprehensive about a credit sensitive rate/spread that could be added to SOFR for certain loans.
Wilson Wong, FP&A, FP&A Analyst for TechSource Systems, handles variance analysis, sales performance reporting, efficiency analysis and host of other tasks. Starting out in accounting but also possessing a background in IT, Wong saw an opportunity to move to the FP&A field.
The AFP Asia-Pacific Treasury Management Handbook, sponsored by Kyriba, provides insights on the risks that technology poses for treasury departments.
To begin the discussion of project management essentials, we must first define some project management terms.
Ransomware attacks have been increasing rapidly as cybercriminals have capitalized on the panic and disarray caused by the COVID-19 crisis.
With COVID-19 relief payments expediting the need for faster transactions, the Federal Reserve Bank of Chicago has revealed new details on the FedNow Service.
Not only do financial professionals need a new outlook when planning out their careers, but managers should also be doing their part to help them to develop.
Business is a team sport. Companies require employees to be aligned with the company goals and customer success. Typically, employees work in teams to maximize their skills and performance. But what makes a successful team?
Redundancy. Being laid off or let go. Being terminated. These are not words anyone wants to hear; however, it is a potential reality we should prepare for. This article will be invaluable to the subsequent conversations and job interviews that await you.
Most job interviews are going to occur online for the foreseeable future. Even after the pandemic ends, many companies will continue to work remotely and you should get used to interviewing in front of a computer screen. The following tips will help you on your next interview, whether it’s virtual or in-person.
No matter your field, your resume is the most essential tool in your arsenal when applying for a job. In most cases, a recruiter or hiring manager will see your resume long before you have the opportunity to speak to them. What does your resume say about you? What story does it tell?
Criminals wasted no time in taking advantage of the panic created by the COVID-19 pandemic. AFP’s new Payments Guide provides an in-depth look at how fraudsters have adapted their tactics.
Did you know that you can create your own brand, the brand of you? Your brand can enhance your ability to move ahead within your organization—and outside of it. Branding yourself, and making sure people know who you are, what you can offer and how value is synonymous with your name, is a big advantage in career development.
The role of the treasury department varies between organizations and is typically defined in a board-approved treasury policy. AFP’s Asia-Pacific Treasury Management Handbook, sponsored by Kyriba, explores these policies.
FP&A professionals should never think of themselves as settled in their careers. The new FP&A Guide helps them identify the right time to make a career move.
The effects of the COVID-19 pandemic are forcing many U.S. businesses to tap into their cash reserves, according to the AFP Corporate Cash Indicators®.
Advancements in technology can greatly help the treasury department establish itself as a strategic ally to the business.
The business landscape and IT capabilities are always changing. Here is a simple, flexible framework to help you think about it.
Nothing is more important than the safety of our event attendees and staff members. As a result, we have decided to make AFP 2020 a virtual experience.
Over the past few months, treasury departments have had to quickly adapt their processes and technology to remote working environment.
For many organizations, planning a budget beyond Q3 2020 feels like shooting at a moving target in the dark.
Most organizations build in actionable resilience by pre-planning responses and pre-positioning resilience capabilities that can be used in different risk scenarios.
A companion webinar to the 2020 APAC Treasury Management Handbook, sponsored by Kyriba, looked at the challenges of setting up a treasury operation.
Finance professionals in APAC discuss the skillsets that will be needed as companies navigate their way through the COVID-19 crisis and beyond.
AFP announced a formal partnership with Matrix Institute of Professionals, and exempted CFAs from taking the first part of the FP&A exam.
What should you consider as you compare potential planning systems and enter into negotiations with a vendor?
Even in the early days of the COVID-19 crisis, companies were holding their short-term investments in banks due to concerns over the economy, according to the 2020 AFP Liquidity Survey, underwritten by Invesco.
Trends in risk management bring FP&A and risk closer together. Some organizations, like Abt Associates, integrate risk management across their entire business.
Testing out your business continuity plan (BCP) is incredibly important, especially in terms of making sure your technology can withstand a crisis event.
The Federal Reserve’s Alternative Reference Rates Committee (ARRC) has released new guidance on transitioning away from Libor to SOFR. But while SOFR is the Fed’s preferred successor, Chairman Jerome Powell indicated that Ameribor also has a future as an alternative rate.
AFP has decided to make the Summer 2020 edition of AFP Exchange, and potentially future issues, online only.
Third-party solutions can greatly reduce days sales outstanding (DSO), but the customer and the vendor need to be on the same page.
This final article in the FP&A COVID-19 Survey series takes a look ahead and asks the FP&A community, “Once this crisis ends, what do you believe FP&A will be doing differently?”
AFP’s recent FP&A COVID-19 Survey highlighted the importance of having a strong business continuity plan (BCP) in place. Of those respondents, 80% said their BCP was either effective or highly effective.