In an interview with AFP, Barbara Quiroga, director of cash operations for Delta Air Lines, discussed how looming money market fund (MMF) regulations may affect cash management at her organization.
NACHA’s same-day ACH initiative, which would feature three settlement windows per day, looks likely to be approved. However, when you increase the speed at which ACH payments are processed, the risk for fraud also increases.
In the latest video from AFP's In-Depth series, Sassan Parandeh, CTP, global treasurer of ChildFund International, discusses what he would tell treasury and finance executives who are skeptical about mobile payments for businesses.
In the latest issue of FP&A, AFP President and CEO Jim Kaitz and The Silicon Guild Co-Founder Peter Sims explain the importance of embracing "little bets". Elsewhere, a look at how an insurance and reinsurance broker maintains a short budgeting cycle, and ways to solve five common FP&A problems.
Today’s treasury and finance professionals can’t help their organizations succeed using the tools and approaches from a bygone era. They need to create a climate for innovation. When leaders learn to be innovative themselves, they cultivate innovation in others.
The EMV liability shift is coming in October 2015, but don’t expect the entire retail community to be EMV-ready by then. In fact, one research firm doesn’t expect them to be ready until the end of the decade—and for good reason.
As participants, and sometimes chairs of their companies’ 401K investment committees, treasurers faced a tough choice late last year when PIMCO founder Bill Gross left to join rival Janus.
How FP&A is Improving Analytics, the latest in AFP’s FP&A Guide Series, provides finance professionals with expert advice and real-world insights on how FP&A can get the most out of analytics to help drive strategic decision-making.
Corporate treasurers play a greater strategic role compared to five years ago, and that trend is expected to continue. With this in mind, Zanders and AFP's Corporate Treasurers Council have partnered on a new whitepaper that explores how to unlock the value of treasury and turn treasury insight into business impact.
Although remittance processing probably does not leave you lying on the psychiatrist’s couch, weeping with frustration, the stress of processing remittance information straight-through is likely a familiar sentiment.
Companies with ambitious goals for revenue growth understand that they need to enhance their financial planning and analysis (FP&A) resources and capabilities. The trouble is, so far, they haven't made adequate investments in talent.
In a recent series of roundtables held by the Corporate Treasurers Council, many treasurers in attendance reported that they are reviewing their hedging approach as well as their investment policies given the negative interest rates in Europe and the low returns in the U.S.
Cooper, Gay, Swett & Crawford, an international insurance and reinsurance broker, uses standard templates and a clear timeline to ensure the budgeting process doesn’t drag on in multiple iterations and FP&A can complete it in time for the board meeting in December.
The upcoming CTC Corporate Treasurers Forum will focus on treasury in the information age, and will feature keynote speech by Aneesh Chopra, the first Chief Technology Officer of the United States. Chopra recently spoke with AFP to discuss his upcoming session and his past experiences.
The Merchant Customer Exchange (MCX) just saw one of its marquee merchants defect to Apple Pay and its CEO resign. Is this the beginning of the end for the merchant consortium, or just a bump in the road? Here are some key points for retail treasurers to consider.
Following an outpouring of pressure from the private sector, FASB and IASB appear to be giving businesses and extra year to adopt new revenue recognition standards. A deferral would be music to the ears of many corporate treasurers.
Authentic leaders don’t rely on doing what comes naturally. Treasury and finance professionals who want to be authentic leaders must change how they talk and listen, depending on the situation and the person they are interacting with.
When Rafael Andrade switched from accounting to treasury in 2012, he wanted to get up to speed as quickly as possible. So he immediately signed up for the AFP Certified Treasury Professional (CTP) certification, studied and passed.
Many treasury and finance executives would like to pay employees in real time because of its convenience and security. The key to real-time payroll may be virtual currencies - but financial professionals are unsurprisingly skeptical.
After her latest round of meetings with financial planning and analysis professionals across the globe, Larysa Melnychuk, managing director of the FP&A Club of AFP, reflected on the biggest obstacles FP&A professionals face, and possible solutions to overcome them.
In the latest video from AFP's In-Depth series, Jim Grube, senior vice president of financial planning and analysis at Hilton Worldwide, discusses why FP&A should be involved in the IPO process.
Although companies are willing to invest their cash, they are exhibiting some signs of caution and are taking a wait-and-see approach before doing so, according to the AFP Corporate Cash Indicators ® (AFP CCI), underwritten by Capital One Bank.
In their 16-year history the annual AFP Pinnacle Awards for excellence in treasury have received many submissions. Tom Hunt, CTP, AFP’s Director of Treasury, offers some tips to make your Pinnacle Awards submission as strong as possible. The AFP Pinnacle Awards are sponsored by Wells Fargo.
This month, Jim Kaitz, president and CEO of AFP, and Peter Sims, co-founder and managing director at The Silicon Guild, explain why finance professionals need to make "little bets." The most successful people today understand that there is no such thing is a sure bet; making mistakes is part of the development process.
The U.S. Department of the Treasury is piloting mobile payments for non-recurring payments in an effort to reduce check usage. It is using PayPal but is considering other forms, including Apple Pay.
For treasury and finance professionals either seeking a job or simply looking to network with their peers in today’s rapidly changing environment, a strong presence on LinkedIn is an absolute must. Jason Dorsey, chief strategy officer for the Center for Generational Kinetics and best-selling author, lists the essentials to making LinkedIn work.
Treasury and finance professionals understand that cybersecurity is no longer just the concern of the IT staff. No one knows that better than Roland Cloutier, vice president, chief security officer of ADP Inc., who provided a number of key points to help them protect their organizations against cyberrisk.
Despite improved technological capability of cloud-based systems, installed treasury management systems (TMS) remain the offering of choice, according to new research.
Before adopting Apple Pay or looming competitors like Samsung Pay treasurers at retail stores say organizations need to be concerned about two unintended consequences.
A major challenge treasury executives face is attracting young talent who can grow into tomorrow’s leaders. The members of AFP’s Treasury Advisory Group (TAG) attempted to tackle this dilemma in their latest meeting.
A key issue corporate treasurers face is getting smaller business partners to move away from checks and to pay electronically. Now, a new educational tool from the Remittance Coalition may finally bridge that gap.
Corporate treasurers whose companies handle customer data must track these costs and take steps to avoid winding up in a situation similar to Target. That means earmarking cybersecurity funds sooner rather than later.
The finance professional who truly wants to stand out and help the organization thrive must thoroughly know every aspect of the business. They can start by following a few guiding rules.
Facing an increasingly competitive environment with a greater need to ensure project ROI, Spectra Energy’s treasury department developed an enhanced investment portfolio management process to examine projects with the goal of better managing the concentrating risks around those projects.
This month, we turn our attention to payments fraud and security, with the release of the 2015 AFP Payments Fraud & Control Survey and the AFP Payments Security Guide. Also, the EMV chip card debate, the Dyre Wolf Gang and ISO 20022.
Treasurers have expressed support for NACHA's Same Day ACH initiative because it offers workflow efficiencies with quality transactions, flexibility, cash and investment opportunities, competitive advantage in the marketplace, and B2B payment electronification.
AFP has released a new Payments Security Guide, underwritten by MUFG Union Bank, N.A., to help treasury and finance professionals identify weak payment channels and offer practical and preventive measures to improve payments security.
Hackers are using malware and social engineering techniques to circumvent two-factor authentication and complete fraudulent wire transfers up to $1 million. Corporate treasurers provide several solutions to avoid becoming the next victim.
In the latest video from AFP's In-Depth series, Jonathan Hall, vice president, finance and strategy at Walmart, discusses the biggest risks financial professionals should be concerned about.
Prior to Brocade Communications' treasury team becoming involved in the process of capital allocation and developing a portfolio management approach, operational, financial, and M&A investments were not consolidated.