U.S. companies continued to build cash reserves in the third quarter of 2018, according to the latest AFP Corporate Cash Indicators®, underwritten by BMO.
Companies have been pulling cash out of noninterest earning deposits, and banks have been taking a hit. However, this could also have negative ramifications for corporates in the long run.
Forecasting is challenging—and even more so in the current volatile, uncertain, complex, and ambiguous (VUCA) environment businesses now operate in. Here are two approaches to forecasting in a VUCA world for financial planning and analysis (FP&A) professionals.
Within the bot industry is a subset that is especially appealing to finance—visual automation tools especially designed for non-technical users.
When British voters decided in July 2016 to leave the European Union, virtually every governmental economic unit, bank, and private forecast predicted a disaster for the UK. The reality is much different.
SWIFT has completed a successful connection of its gpi cross-border payments service to the real-time payments system in Australia.
The 2018 AFP Technology Survey, Underwritten by BELLIN, reveals a gap between enthusiasm for fintech and leveraging it within the organization.
NACHA received quite a bit of feedback on why U.S. corporate adoption of faster payments is an uphill climb during a session at the latest Payments Innovation Alliance meeting.
The GFXC has published an update to the Foreign Exchange Global Code. The document is a must-read for any corporate treasury executive with FX responsibility for their organization.
It is a challenge to calculate the return on investment for IT and security. ROSI, or return on security investment, is a modified ROI calculation, where the net benefit is the annual cost of security breaches avoided as compared to the prevention cost incurred. Here is how to calculate your return on security investments.
In our previous article on cost of capital, we covered the components of the calculation, where to find the data, and comparison to cost of equity and cost of debt. In this article, we discuss how corporate finance professionals apply the cost of capital in their daily work.
More than 600 finance professionals took part in the 2017 AFP FP&A Survey. Inside the survey were four questions about the cost of capital. The questions strive to depart from the detail and calculation of cost of capital and instead ask how finance practitioners use cost of capital on a daily basis.
Though agile methodology began in the IT department, it soon spread throughout the entire organization. Agile finance principles have major implications for FP&A.
Due to increasing pressures across the asset management industry, Invesco's finance team has been required to up its game and make strategic decisions to support the business as a whole.
A leading practice in treasury management is to centralise operations into a treasury centre, and an in-house bank (IHB) is considered a best-in-class structure of a regional or global treasury function. However, only a small number of companies have adopted this structure. Here are four factors to successfully transform their existing treasury operations into a treasury centre.
NACHA has acquired the Business Payments Directory Association (BPDA), seeking to advance efforts to develop a B2B Directory that would provide corporate treasury professionals with extended remittance information.
Treasury job descriptions, from the Treasurer through Assistant Cash Manager, with suggested experience, job knowledge and skills outlined.
Emmanuel Caprais, Vice President—Strategic and Financial Planning for ITT Inc., will lead a session at AFP 2018 titled, “Free Up Cash: Manage Working Capital.” AFP recently spoke to Caprais about working capital management.
Blockchain technology and APIs are being combined to create a solution that aims to dramatically speed up and reduce the costs of settling intercompany transactions.
Kemmy Koh, Group CFO of Chinese Global Investors Group, also is founder and managing director of Kglow SkinLab. Koh spoke to AFP for the latest edition of CFO Interview Questions.
The ARRC and ISDA are looking for feedback from corporate end-users on how the transition away from Libor could impact them.
From real-time payments to application programming interfaces (APIs) to cutting edge cybersecurity solutions, payments is one of the most exciting aspects of treasury today. That’s why the Payments track at AFP 2018 is particularly focused on new technologies.
Pittsburgh-based PNC Bank has entered the real-time, cross-border payments arena by joining RippleNet.
Responding to a high demand from corporate end-users, NACHA is increasing the limit for Same Day ACH to $100,000.
Extreme weather events are happening more and more frequently. That’s why it is crucial for companies to have a strong business continuity plan in place.
Do you embrace ACH on the payables side, but not for receivables? Once you identify the problems, you can set out to find the solutions.
Philip Peck, Vice President, Finance Transformation and Advisory Services for Peloton Group, discusses Excel and why FP&A professionals still rely heavily on it. He weighs in on Excel’s greatest strengths—and some of its most glaring weaknesses.
BMC Software, OpenText and Uber Technologies were named finalists for AFP’s 2018 Pinnacle Award. Sponsored by MUFG, the Pinnacle Award, established in 1997, recognizes excellence in treasury and finance.
A corporate finance professional’s definition, formula and use of the cost of capital.
Corporate finance job descriptions, from the CFO through Financial Analyst, with suggested experience, job knowledge and skills outlined.
AFP recently hosted an “Ask me anything” chat with AFP 2018 featured speaker Nancy Giordano. A futurist who helps organizations strategically address technological shifts, Giordano will speak about reinventing leadership for the age of machine intelligence at AFP 2018.
AFP Aware, sponsored by BBVA Compass, is partnering with A Safe Haven Foundation, which provides services to Chicago-area residents struggling with homelessness, abuse and other issues.
AFP Jargon Watch is a new, occasional series to help finance professionals better understand the changing knowledge and definitions of the industry. In the latest installment of #AFPJargonWatch: Amara's Law.
NACHA is taking the next step in its push for API standardization with the launch of a new organization and three new APIs that could benefit treasury functions.
Finance professionals, how do you define financial planning and analysis (FP&A) and what does it mean to the organization as a whole?
Kirby Lunger discusses how using a cloud-based solution can improve modeling for financial planning and analysis (FP&A).
For corporate treasury departments that are desperate to rid themselves of correspondent banking, there are some key questions they should ask themselves as they weigh the different options available.
Craig Jeffery, CCM, Managing Partner, Strategic Treasurer, discusses how corporate treasury professionals are managing the increasing challenges of KYC requirements.
Chargebacks have surged in the United States following he transition to EMV chip cards. How does this compare to Europe, which has had EMV for years?
Philip Peck of Peloton Group, provides an inside view of the key themes discussed during a recent FP&A Roundtable.