Recent volatility in the markets is a reminder just how important it is to keep forecasting agile and look beyond the fiscal year. It is imperative that FP&A groups adopt a more dynamic approach to their forecasting methodology.
As currency exchange controls have been weakened in many countries, treasurers are looking to centralize cash management. The latest CTC Guide, by WWCP Limited, highlights the structures available today.
Choosing between a SWIFT service bureau and Alliance Lite2 is a major decision for treasury departments today. When Oxbow Carbon LLC selected its service bureau, AL2 didn’t exist. But the company is unlikely to ever jump ship.
Companies have lost more than $1.2 billion due to business email compromise (BEC) scams in the past two years. The costly scam has become the top fraud threat for treasury and finance professionals.
Growing your business in a time of capital constraint is challenging, but possible. It requires you to operate with excellence, tell your story, know your capital needs, and be open-minded and flexible.
The financial planning and analysis (FP&A) role is quickly evolving. According to many experts, there are 10 critical skills FP&A professionals must possess.
European treasurers have much to gain from renminbi internationalization—if they can cope with a volatile currency.
The latest edition of Futures in Finance looks at why both CFOs and FP&A professionals are having trouble finding finance talent. For entry-level positions, it is difficult to find people who can hit the ground running. And once you do, it’s difficult to retain them.
AFP is creating a worldwide FP&A Advisory Council, to help FP&A professionals identify areas of interest, study topics that require additional research, and explore opportunities for cutting-edge technologies, philosophies and ideas.
Initial international expansion is a significant step in the evolution of any business. But going global is not a process without potential pitfalls for treasury.
That many stakeholders in the global financial markets anticipate a return to the pre-global financial crisis yield environment is understandable. But a few perspectives should be considered thoroughly.
U.S. dollar strengthening has emphasized the importance of a robust FX strategy for organizations with international operations. Non-governmental organizations (NGOs) face an additional layer of complexity.
Only 64 percent of SMEs use hedging to mitigate their FX exposures. With many of these companies planning to increase their overseas presence, a greater use of hedging tools is to be expected.
Many CFOs are basing their strategies for growth on innovation and agility. So how can FP&A help drive better results?
Dow Corning, Hilton Worldwide and Covidien are the three finalists for the 2015 AFP Pinnacle Award. Sponsored by Wells Fargo & Company, the Pinnacle Awards recognize excellence in treasury and finance each year since 1997.
The planning, budgeting and forecasting (PBF) process is a finance department function that is time consuming, often misunderstood, and generally disliked. So, why is it needed and what is it supposed to accomplish? The answer varies depending on who you are talking to and to what aspect of PBF you are referring to.
Speaking at the AFP FP&A Leadership Summit, underwritten by Tidemark, Gerhard Lohmann, CFO, reinsurance for Swiss Re, provided attendees with the five steps to managing the value of the company.
U.S.-based product manufacturers incur annual warranty management-related expenditures, as a percentage of profit before tax. The warranty accrual incremental budgeting process faces challenges when new products are introduced.
In the latest video from AFP's In-Depth series, Nicole Meyer, founder and managing partner of the Meyer Partnership, discusses the difference between building a resume and writing a resume.
Traditionally, corporate treasury has focused on capital markets, cash management and aspects of risk management. Today, treasurers are increasingly expanding their focus to include capital deployment.
Scott Lambert, treasury senior director for global health service organization Cigna, provided AFP with a glimpse into how implementing SWIFT is helping his organization handle international payments and centralize treasury operations.
The latest edition AFP Payments looks at what collusion charges could mean for the controversial $5.7 billion settlement between Visa, MasterCard and retailers over interchange.
Cybersecurity is already a top priority for corporate treasury and finance professionals, and it’s about to become even more important. The SEC may soon begin imposing penalties on companies who fail to disclose security breach information to shareholders.
NACHA may soon require originating depository financial institutions (ODFIs) to register their third-party senders.
According to a recent survey, nearly 60 percent of companies plan on making investments in their business this year. But where is that cash going? One key area is new technology.
Uncertainty is becoming the norm, and companies are struggling to be nimble. How can FP&A professionals help their companies navigate these uncertain times?
EMEA mid-market businesses tend to inhabit weaker business positions than their larger peers. But some of these companies boast strong niche positions in specific sectors, which allow them, when combined with a conservative financial policy, to reach investment-grade-equivalent credit quality.
The financial crisis had an impact on corporate treasury in terms of increased responsibilities and higher expectations. Treasury is now more likely to be consulted on strategic issues, which means that the required skillset has to be broader.
Though SWIFT service bureaus are still an important player, corporate treasury departments are seeing clear advantages to adopting Alliance Lite2 (AL2) and Alliance Remote Gateway (ARG) from SWIFT.
In this exclusive video, Martin Pergler, risk expert, and Becca O’Brien Kuusinen, crisis management expert, both from McKinsey & Co., explain why the first 72 hours in a crisis are so important.
As many treasury and finance professionals will attest, organizing covenants by the legal categories of affirmative, negative, financial and nonfinancial is not very helpful. A better approach is to classify covenants by lender objective and risk.
The 2015 AFP SWIFT Buyer’s Guide features a series of articles that look at how today’s corporate treasurers are connecting to SWIFT. Many treasury departments are connecting to SWIFT directly, while others still favor SWIFT service bureaus.
Real-time cross-border payments might soon be a reality, thanks to the efforts of a new payments industry group. But is there a business case for adopting the ISO 20022 standard?
This month, we look at increasingly volatile market conditions and provide key tactics corporates can use for hedging. We also hear from treasurers for NGOs as they discuss one of their top concerns—KYC compliance.
Even as cyberattacks in Asia continue to increase, businesses often ignore the risk—at their peril. At a recent cybersecurity event in Singapore, experts shared their insights on how corporate leaders can protect themselves from the threat.
The true implications of higher capital adequacy requirements under Basel III remain largely unquantified given that guidance over the scale and scope of risk weighted capital banks are required to set aside against assets varies considerably. CFOs and treasurers truly face a rapidly changing global banking landscape.
The risk management track at the 2015 AFP Annual Conference in Denver features an impressive lineup of sessions for treasury and finance professionals focused on risk. Topics include FX hedging, translation risk, cyberrisk and risk value metrics.
Business email compromise (BEC) scams continue to be the top fraud threat to corporate treasury and finance, as both the frequency of attempts and the dollar amounts stolen are increasing dramatically.
Navigating the compliance, regulatory and operational risk landscape has become the biggest headache for corporate treasurers around the world since the 2008 financial crisis. The pressures aren’t likely to ease any time soon.
Five takeaways for treasury and finance professionals in the wake of China’s surprise 1.9 percent devaluation of its currency.