Baird, Expedia and Hyundai Capital America are finalists for the AFP 2019 Pinnacle Award. Sponsored by MUFG, the Pinnacle Award was established in 1997 to recognize excellence in treasury and finance.
Receivables are the lifeblood of a company. A comprehensive receivables risk assessment is incomplete without three key elements.
It may be difficult for treasury to shed old, manual practices in favor of utilizing its TMS to its full potential. But doing so can result in huge benefits.
The Securities and Exchange Commission (SEC) has identified key risks that the looming Libor transition poses to market participants. Corporate treasury and finance professionals should take note.
AFP 2019 speaker Mike Powers of Abt Associates Inc., explains why FP&A is the lever that the CFO office has to drive change and help manage the business.
Tom Hunt, CTP, Director of Treasury Services at AFP, discusses three key points in the 2019 AFP Liquidity Survey, underwritten by State Street Global Advisors.
The Federal Reserve is developing a round-the-clock, real-time payment and settlement service to support faster payments efforts in the United States. Dubbed the FedNow℠ Service, it will likely make its debut in 2023 or 2024.
Journal entries represent the foundation of financial statements. Journal entries also represent an understanding of transactions, and transactions are the bridge between the choices people make and the wealth they try to accumulate.
AFP 2019 speaker Fareed Zakaria of CNN Worldwide joined the AFP Conversations podcast to discuss the political risks of today and how they mirror key developments throughout human history.
Finance is maturing from a traditionally siloed department of number-crunchers to a strategic and respected adviser to the business. While crunching numbers will always be baked into the role, these two functions are no longer mutually exclusive.
During the second quarter of 2019, U.S. companies continued to build cash and short-term investment holdings, according to the AFP Corporate Cash Indicators®, underwritten by BMO.
Jennifer Earyes, CTP, Director of Corporate Development for Navient, explains the pros and cons for corporate treasury departments contemplating moving away from Libor to the Secured Overnight Financing Rate (SOFR).
Across the board, FP&A teams at leading organizations leverage a common set of practices to provide forward-looking, mature analyses and reporting that truly drive business results.
Treasury and finance professionals have stressful jobs. But AFP 2019 speaker Neil Pasricha believes that anyone can be happy at work.
Oracle deployed an elite team of FP&A consultants to work hand-in-hand with the operations, while investing heavily in developing finance talent.
David Gold of Royal Dutch Shell discusses his organization’s decision to move high-level FP&A analyses to shared service centers.
Many treasury professionals miss out on a lot of the functionality that their treasury systems offer because they tend to have a narrow focus during implementation.
One type of payments fraud that continues to evolve is business email compromise (BEC). Fully 80 percent of organizations experienced these scams in 2018.
Automation is incredibly important when it comes to achieving optimal treasury connectivity. It cuts down on manual processes greatly, freeing up treasury to add more strategic value to the organization.
Becoming a better business partner largely depends on the interpersonal and business skills of the FP&A team. Here are three actions FP&A can take to build trust into a collaborative partnership.
There is a mismatch between formal education and the role of the FP&A professional. As a result, FP&A as a whole has become increasingly difficult to define.
Just when retail treasurers seemed to be getting their minds wrapped around EMV chip cards, they now find themselves facing a new security challenge—EMV Secure Remote Commerce (SRC).
Bank relationships are core to businesses’ operating cash investment mix, according to the 2019 AFP Liquidity Survey, underwritten by State Street Global Advisors.
Fran Townsend, Executive Vice President for Worldwide Government, Legal and Business Affairs at MacAndrews and Forbes Inc., is the featured speaker at the Certification Luncheon at AFP 2019. She will discuss how crises can be mitigated with the right combination of leadership, courage and discipline.
Author Avi Goldfarb will be the featured speaker at the FP&A Luncheon at AFP 2019. He recently joined us on the AFP Conversations podcast, and we discussed using AI to make predictions in all areas of life and business. Here are five takeaways from that interview.
AFP has introduced the second version of its FP&A Maturity Model. Its goal is to offer a roadmap for excellence in FP&A in the near term and help address changes on the horizon.
The rise of various utilities has brought to light a potential solution to solve KYC compliance headaches for treasurers. Unfortunately, treasurers haven’t exactly been flocking to them.
There are multiple pain points in accounts payable (AP) processes that payments operations professionals can resolve by using automation. One of the most obvious is how it can drastically reduce manual approval processes.
Corporate treasury departments still have time to prepare for the transition away from the London Interbank Offered Rate (Libor), but 2022 will be here before you know it. That was the view from a meeting Monday morning at the U.S. Chamber of Commerce.
It is often the responsibility of treasury to coordinate with a third-party bank to set up a cash pool, and as a result, certain embedded tax risks can be overlooked.
How can organizations best discover fraud, and who should they contact once they do? AFP’s new Payments Guide, underwritten by MUFG Union Bank, provides some helpful tips from the FBI.
PSD2 obliges banks to grant access to payment accounts to Payment Initiation Service Providers (PISPs). Let's evaluate PISPs and the services that they provide.
FP&A is growing more attractive to accountants. So how can you switch from accounting to FP&A?
Treasury and finance professionals earned an average 3.5 percent base salary increase in 2018, according to the 2019 AFP Compensation Survey.
Treasury professionals often list KYC compliance among their biggest pain points. But what they may not realize is that KYC is also huge headache for banks.
Some of the more popular tools of financial analysis are financial statement ratios. But how can we add value to these ratios? One answer is to use psychology when analyzing financial statements.
E-invoicing is not a new concept, but it’s had some trouble catching on in the United States. But that could be on the cusp of changing.
FinNext 2019 is on the books but the two-day meeting for FP&A professionals still reverberates in my mind. There were so many great insights by so many people—attendees not just speakers—that I decided to put them all down in one document to collect my thoughts.
FP&A teams have come a long way, but what changes can we expect to see in the future? There are at least five additional changes we’ll see in near future.
U.S. companies built their cash reserves and short-term investment holdings at a much slower pace in the first quarter of the year than in the last quarter of 2018, according to the AFP Corporate Cash Indicators®, underwritten by BMO.