If you're expecting the federal government to ride to the rescue of treasury and finance and offer protection against cybercriminals, then you’re going to be waiting a long time.
Treasury and finance executives need to train employees to avoid behaviors that put corporate data at risk, and they must prepare an effective response to a cyberbreach—or incur senior management’s wrath. Nevertheless, recent research indicates that many companies are not rising to the challenge.
Quarterly foreign currency surprises on revenues only hurt for one fiscal quarter? Not so, says Wolfgang Koester. In fact, a negative FX impact has fiev long-term consequences.
Does corporate culture really matter to financial planning and analysis? Yes, and FP&A expert Bryan Lapidus explains why. Plus, Luca De Angeli, FP&A, offers advice on how to improve your forecasting.
One of the biggest challenges treasury and finance professionals face is dealing with regulators who do not fully understand the businesses that they regulate. Experts offered four ways corporations can improve the dialogue with regulators.
Contrary to popular belief, many virtual currencies are eager to do business with banks—and their corporate clients. Why? Virtual currency executives gave four reasons.
Need more proof that Bitcoin could completely change the payments landscape? Listen to what SWIFT CEO Gottfried Leibbrandt has to say about the virtual currency.
Nearly 63 percent of corporates are dissatisfied with the electronic payments services they receive from banks, according to a new survey. To find out your state of mind, ask yourself -- and your bank -- five questions.
Virtual currencies like Bitcoin hold incredible potential, but regulators are increasingly concerned about their potential use in illicit activities. Experts offered four regulatory updates to help treasurers think about them.
Much of the talk at the Crane Data’s Money Fund Symposium centered on two topics: new regulations and Alibaba.
Improving forecasting and cost modeling analysis is critical but difficult. Here's how Etihad Airways achieved this task.
There has been a question of whether new liquidity rules rules could hinder companies’ abilities to get loans. The answer is yes—but the rules also may benefit companies who utilize their cash wisely.
The last few weeks saw a flurry of legislation, regulation, and hearings with the potential to impact CIEBA members as Congress prepared for its electoral recess.
With the AFP Annual Conference just around the corner, we're bringing you exclusive content from our presenters. Can having a weak culture in place cost you your job? What is one nonfinancial skill all financial professionals must have? Learn all this and more.
New U.S. Treasury Department rules designed to make corporate tax inversions more difficult will impact M&A activity, but why did the agency act in the first place? And why were the rules so draconian?
The Affinia Group has $1.5 billion in revenues and operations in Poland, Mexico, Venezuela, Brazil, Argentina, Uruguay, Russia, China and other emerging markets. So how did its treasury and finance team cope with currency risk?
Communication has become increasingly important in the development of financial professionals. Here are three key skills to make you a more effective communicator.
Treasurer Jennfier Ceran worked at eBay/PayPal, Cisco and Sara Lee before joining Box, an online content sharing and collaborative service for businesses. She offers her perspective on treasury’s expanded role.
This year the biggest event in treasury and finance for the first time will host two volunteer opportunities for attendees. Both activities help organizations and kids living in the District of Columbia -- and volunteers are still welcome. BBVA Compass is the sponsor of AFPAware Community Service Day for the fifth consecutive year.
Treasury and finance professionals are frequently being asked to step out of their traditional roles and serve as project managers. In this exclusive preview of the 2014 AFP Annual Conference, speakers Peter Biglin, CTP, and Steve C. Phillips, CTP, FP&A, discuss project management.
Reports of massive data breaches at major companies are surfacing on a near-daily basis. What can you do to protect your organization? Cybersecurity: The New Challenge for Treasurers explores the latest cyber issues and explains measures you can take.
The two weeks leading up to the Congressional Recess for the November elections witnessed a number of legislation, regulation, and hearings on topics impacting CIEBA members. Charles Stallings 2014-09-23 Congress held a number of hearings and votes over the last two weeks in a final flourish before
At the latest meeting of AFP’s Treasury Advisory Group (TAG), cybersecurity was identified as a top concern. Treasurers discussed ways that the recent cyber breach epidemic has affected them, and how they are strengthening their cybersecurity efforts.
The Home Depot breach—the largest retail card breach in history—might have avoided if the retailer had been paying closer attention. Corporate treasurers should take note and step up their cybersecurity efforts—before it’s too late.
What's it like to hold management positions in FP&A and accounting simultaneously? An FP&A director for a Fortune Global 2000 company tells his story.
Implementing a strong model culture produces better calculations, fewer errors and increased collaboration among team members. It can also help you keep your job.
Finance professionals seeking that coveted CFO job must avoid adopting the herd mentality. Here are three key tips on how to do that.
Analysts have speculated for years that an Apple digital wallet could brings mobile payments into the mainstream. Others caution that it’s still too early to crown Apple the mobile payments king. We take a look at both sides of the argument, and see how it affects treasury and finance professionals.
Looking for a way to execute swaps without having to deal with a multitude of banks? Try a risk participation agreement.
As the retail breach epidemic continues, security is top of mind for many treasurers. Apple CEO Tim Cook believes Apple Pay could solve the problem. But is he right?
With increased investment in renewable energy, the value of the fossil fuel sector is gradually diminishing. Renewable energy expert Andrew Winston discusses how these companies are factoring in this drop in demand.
The U.S. dollar is rising rapidly and could reach parity with the euro. One popular hedging strategy -- the rolling hedge -- doesn't work in a fast-rising environment. So what should treasurers do instead?
The payments world has been buzzing since last week's unveiling of Apple Pay, which could be a game changer for mobile payments. But before we declare Apple Pay the new payments dynasty, it’s worth taking a look at how profound its impact will truly be.
Thinking of attending the 2014 AFP Annual Conference? AFP President and CEO Jim Kaitz provides a few reasons why you need to be in DC.
Treasurers recently received good news regarding Dodd-Frank Act regulations. But treasury centers are unsure if it applies to them.
Talent management specialists provide four steps treasury and finance leaders must follow if they want to hire the right staff members.
More than ever, risk is a global phenomenon. The September issue of Risk reveals how treasury and finance should respond.
Last month, AFP’s Brian Kalish met with financial planning and analysis professionals in New York and Omaha, Nebraska. One message was clear: practitioners are interested in the FP&A Certification.
When negotiating a debt deal, treasurers need to give covenants their full attention. Glossing over them can have disastrous results.
Retail treasurers have been waiting for years for a breakthrough in mobile payments. With cutting-edge security, support from big banks and retailers, and millions of consumers ready to buy the new iPhone when it launches September 19, Apple Pay just might be that solution.