Articles
Failing Upward: Knowing When to Pull the Plug on Robotics
We’ve been hearing a lot about the benefits of robotic process automation (RPA), and for good reason. But what if you were trying to implement RPA for process improvement and found that it didn’t work?
We’ve been hearing a lot about the benefits of robotic process automation (RPA), and for good reason. But what if you were trying to implement RPA for process improvement and found that it didn’t work?
05/02/2018
Faster Payments: How Treasury Can Craft an Adoption Strategy
Though corporate treasury and finance professionals have shown considerable interest in adopting faster payments, they need to apply a well thought-out strategy to be successful.
Though corporate treasury and finance professionals have shown considerable interest in adopting faster payments, they need to apply a well thought-out strategy to be successful.
05/01/2018
Why API Standardization Matters for Treasury
George Throckmorton, Managing Director, Strategic Initiatives and Network Development for NACHA, explains why there is a need for API standardization, and discusses two pilots that NACHA is working on that can benefit corporate treasury and finance professionals.
George Throckmorton, Managing Director, Strategic Initiatives and Network Development for NACHA, explains why there is a need for API standardization, and discusses two pilots that NACHA is working on that can benefit corporate treasury and finance professionals.
05/01/2018
Stepping Up: Why Payments Security is a Collaborative Effort
Protecting customer data is the responsibility of payments industry stakeholders, stressed an expert panel at NACHA Faster Payments 2018. But that's easier said than done.
Protecting customer data is the responsibility of payments industry stakeholders, stressed an expert panel at NACHA Faster Payments 2018. But that's easier said than done.
05/01/2018
BreakThrough Preview: Where is Treasury Technology Going?
Bob Stark of Kyriba will provide attendees of the BreakThrough Treasury and Finance forum with a look at the latest technology trends impacting the treasury landscape.
Bob Stark of Kyriba will provide attendees of the BreakThrough Treasury and Finance forum with a look at the latest technology trends impacting the treasury landscape.
05/01/2018
Study: Trade War Fears Hasten U.S. Cash Accumulation
Concerns over festering trade wars and rising geopolitical concerns convinced treasury and finance executives to return to cash accumulation, according to the latest AFP Corporate Cash Indicators®.
Concerns over festering trade wars and rising geopolitical concerns convinced treasury and finance executives to return to cash accumulation, according to the latest AFP Corporate Cash Indicators®.
04/30/2018
Invoice Automation: Refining the AP Process
With the role of accounts payable expanding, it is critical to improve its efficiency. One means of achieving this is through automation of the invoice process.
With the role of accounts payable expanding, it is critical to improve its efficiency. One means of achieving this is through automation of the invoice process.
04/30/2018
Controls for a Paper-Based Accounts Payables System
Though it may seem unlikely that some companies still use entirely paper-based systems to conduct their AP processes, this is still the case for some smaller businesses, especially in developing countries. Even with a paper-based system, controls are needed to ensure that it operates properly.
Though it may seem unlikely that some companies still use entirely paper-based systems to conduct their AP processes, this is still the case for some smaller businesses, especially in developing countries. Even with a paper-based system, controls are needed to ensure that it operates properly.
04/30/2018
FBAR FAQs, Part II: FinCEN, IRS Answer Your Questions
The AFP Treasury Advisory Group recently held discussions on Foreign Bank Account Reporting (FBAR) with representatives of the Financial Crimes Enforcement Network (FinCEN) and the IRS.
The AFP Treasury Advisory Group recently held discussions on Foreign Bank Account Reporting (FBAR) with representatives of the Financial Crimes Enforcement Network (FinCEN) and the IRS.
04/30/2018
What Retailers Need to Know About Surcharging
Theresa Y. Kananen, Partner with Arnall Golden Gregory LLP, provides retailers with some insights on the challenges around surcharging.
Theresa Y. Kananen, Partner with Arnall Golden Gregory LLP, provides retailers with some insights on the challenges around surcharging.
04/26/2018
The Evolution of Card Fraud
Micheal Reitblat, CEO of Forter, explains how card fraud as evolved since the Target breach and the implementation of EMV technology in the United States.
Micheal Reitblat, CEO of Forter, explains how card fraud as evolved since the Target breach and the implementation of EMV technology in the United States.
04/25/2018
FP&A Needs a Beacon to See Through Volatility
To manage short-term volatility, FP&A practitioners often have a principled response: follow the core attributes of your company. At FinNext in San Francisco, a panel of experts discussed how market changes can up-end their operations, and how they navigate their teams through the ensuing volatility.
To manage short-term volatility, FP&A practitioners often have a principled response: follow the core attributes of your company. At FinNext in San Francisco, a panel of experts discussed how market changes can up-end their operations, and how they navigate their teams through the ensuing volatility.
04/25/2018
2018 AFP Fraud Survey: Account Takeovers Increase
Magnus Carlsson, AFP's Manager of Treasury and Payments discusses how the 2018 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, revealed an increase in account takeovers.
Magnus Carlsson, AFP's Manager of Treasury and Payments discusses how the 2018 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, revealed an increase in account takeovers.
04/24/2018
ETA: Proposed Tariffs Will Hurt Retail, Payments Industries
Scott Talbott, SVP of Government Affairs for the Electronic Transactions Association, discusses how proposed tariffs on point-of-sale (POS) terminals imported from China will negatively impact retailers and the payments industry.
Scott Talbott, SVP of Government Affairs for the Electronic Transactions Association, discusses how proposed tariffs on point-of-sale (POS) terminals imported from China will negatively impact retailers and the payments industry.
04/24/2018
Building a Financial Model – Art or Science?
FP&A professionals must learn to balance both science and art when building a financial model and understand when which approach is more applicable to a particular use case.
FP&A professionals must learn to balance both science and art when building a financial model and understand when which approach is more applicable to a particular use case.
04/23/2018
Can Blockchain Solve KYC and Digital Identity? Maybe.
Blockchain proponents believe the technology has broad applications for treasury and finance. But could it solve know-your-customer (KYC) compliance?
Blockchain proponents believe the technology has broad applications for treasury and finance. But could it solve know-your-customer (KYC) compliance?
04/20/2018
New Chargeback Dispute Process: Tips for Retailers
Monica Eaton-Cardone, Co-Founder and Chief Operating Officer of Chargebacks911, discusses new systems from Visa and MasterCard that are intended to streamline the timely and costly chargeback process for merchants.
Monica Eaton-Cardone, Co-Founder and Chief Operating Officer of Chargebacks911, discusses new systems from Visa and MasterCard that are intended to streamline the timely and costly chargeback process for merchants.
04/19/2018
Leveraging AI to Fight Fraud
Micheal Reitblat, CEO of Forter, explains how artificial intelligence (AI) has expanded in recent years and how it can be used to commit or combat payments fraud.
Micheal Reitblat, CEO of Forter, explains how artificial intelligence (AI) has expanded in recent years and how it can be used to commit or combat payments fraud.
04/19/2018
Preventing Data Breaches: Five Keys for Retailers
Five years after the Target data breach, massive hacks continue to plague retailers—and more importantly, their customers.
Five years after the Target data breach, massive hacks continue to plague retailers—and more importantly, their customers.
04/18/2018
Life Hack: What Happens When Biometrics Are Compromised?
Treasury and finance professionals worry about customer data being stolen by criminals. But what would happen if customers’ biometric data, such as DNA, used to access their accounts was compromised?
Treasury and finance professionals worry about customer data being stolen by criminals. But what would happen if customers’ biometric data, such as DNA, used to access their accounts was compromised?
04/18/2018
Inside View: Securing Faster Payments in the U.S.
Steve Mott, CEO of BetterBuyDesign, provides an insider's view of both the Federal Reserve's Secure Payments Task Force and its Faster Payments Task Force.
Steve Mott, CEO of BetterBuyDesign, provides an insider's view of both the Federal Reserve's Secure Payments Task Force and its Faster Payments Task Force.
04/18/2018
AFP 2018: Time for a Change-Up
AFP 2018 is all about breaking out of your regular routine. That’s why we’re introducing a number of new features this year, while expanding upon others.
AFP 2018 is all about breaking out of your regular routine. That’s why we’re introducing a number of new features this year, while expanding upon others.
04/17/2018
FBAR Headaches: How Automation Can Alleviate the Pain
Manual FBAR reporting is a time-consuming and detail-driven process that can take several weeks to months. As a result, many corporate treasury departments are implementing BAM or eBAM systems to automate the process of gathering, validating, and reporting data for FBAR.
Manual FBAR reporting is a time-consuming and detail-driven process that can take several weeks to months. As a result, many corporate treasury departments are implementing BAM or eBAM systems to automate the process of gathering, validating, and reporting data for FBAR.
04/17/2018
FP&A Insights: Advances in Excel
Jonathan Crane, FP&A, Senior Manager, FP&A for Hamilton Company, explains how using PowerPivot and Power BI can enhance the capabilities of Microsoft Excel.
Jonathan Crane, FP&A, Senior Manager, FP&A for Hamilton Company, explains how using PowerPivot and Power BI can enhance the capabilities of Microsoft Excel.
04/17/2018
AP Automation Fortifies Defenses Against Fraud, Money Leaks
It’s extremely difficult to stop money leaks in a paper-based or even a partially automated system. Reducing these losses should be part of any business case for AP automation.
It’s extremely difficult to stop money leaks in a paper-based or even a partially automated system. Reducing these losses should be part of any business case for AP automation.
04/17/2018
Collections is a Treasury Issue. Here’s How to Improve It.
In a low interest rate environment, the opportunity cost of idle cash seems low, but the benefit of a capital redeployment from moving operating cash for investment purposes often is overlooked.
In a low interest rate environment, the opportunity cost of idle cash seems low, but the benefit of a capital redeployment from moving operating cash for investment purposes often is overlooked.
04/17/2018
Who Should Manage a Centralized KYC Repository?
Caitlin Sinclair of Thomson Reuters weighs in on whether its should be banks or regulators who oversee a centralized know-your-customer (KYC) utility.
Caitlin Sinclair of Thomson Reuters weighs in on whether its should be banks or regulators who oversee a centralized know-your-customer (KYC) utility.
04/17/2018
The Long and Winding Road to Electronic B2B Payments
When I first saw the results from the 2016 AFP Electronic Payments Survey I was really surprised to find out that that the former decline in check use for B2B transactions had leveled off at around the 50 percent mark. Has check processing really come to a point where it is not as cumbersome as one may think?
When I first saw the results from the 2016 AFP Electronic Payments Survey I was really surprised to find out that that the former decline in check use for B2B transactions had leveled off at around the 50 percent mark. Has check processing really come to a point where it is not as cumbersome as one may think?
04/16/2018
Top Treasury Tasks: Cash Management and Forecasting
A majority of respondents to a recent AFP survey cite cash management and forecasting as key areas of focus for their treasury departments over the next three years.
A majority of respondents to a recent AFP survey cite cash management and forecasting as key areas of focus for their treasury departments over the next three years.
04/12/2018
AFP Survey: Payments Fraud Hits Record High of 78%
The 2018 AFP Payments Fraud Survey, underwritten by J.P. Morgan, revealed that payments fraud reached a new high in 2017 after a downswing earlier in the decade.
The 2018 AFP Payments Fraud Survey, underwritten by J.P. Morgan, revealed that payments fraud reached a new high in 2017 after a downswing earlier in the decade.
04/10/2018
FP&A Professionals, Here’s How to Make Excel Work for You
A new FP&A guide, underwritten by Vena Solutions, examines the spectrum of ways to apply Excel, including recent advances, add-ins and third-party offerings.
A new FP&A guide, underwritten by Vena Solutions, examines the spectrum of ways to apply Excel, including recent advances, add-ins and third-party offerings.
04/10/2018
Checklist: 10 Must-Have Traits for FP&A as Internal Consultants
Adopting a consulting mindset can help FP&A be better at business partnering.
Adopting a consulting mindset can help FP&A be better at business partnering.
04/06/2018
Credit Agreement Refinancings: 5 Questions Answered
A number of factors drive a company’s decision to refinance its credit facility. With interest rates on the rise, what considerations are important to CFOs and treasurers?
A number of factors drive a company’s decision to refinance its credit facility. With interest rates on the rise, what considerations are important to CFOs and treasurers?
04/04/2018
BreakThrough Preview: How Fintech Can Disrupt Treasury
Laurens Tijdhof, partner at Zanders, is leading a discussion at BreakThrough Treasury and Finance on how fintech has the power to revolutionize and disrupt treasury teams.
Laurens Tijdhof, partner at Zanders, is leading a discussion at BreakThrough Treasury and Finance on how fintech has the power to revolutionize and disrupt treasury teams.
04/03/2018
5 Good Blockchain Tips From – of All Places – the Government
Uncle Sam wants you to consider five key takeaways when thinking about implementing blockchain.
Uncle Sam wants you to consider five key takeaways when thinking about implementing blockchain.
04/03/2018
Audience vs. Traffic: 2 Key Lessons for FP&A and Marketing
“Information... wants to be scarce and expensive.” This provocative quote has profound implications for FP&A—particularly as it relates to marketing.
“Information... wants to be scarce and expensive.” This provocative quote has profound implications for FP&A—particularly as it relates to marketing.
04/02/2018
AFP 2018 Preview: Planning the FP&A Track
Emmanuel Caprais, Vice President, Strategic and Financial Planning and Analysis for ITT, discussed the process of putting together the FP&A track for AFP 2018.
Emmanuel Caprais, Vice President, Strategic and Financial Planning and Analysis for ITT, discussed the process of putting together the FP&A track for AFP 2018.
03/29/2018
AFP 2018 Preview: Treasury Management Track
In an interview at the AFP 2018 Planning Task Force meeting, Saumya Mohan, Americas Region Treasurer for Tesla, discusses planning the treasury management track.
In an interview at the AFP 2018 Planning Task Force meeting, Saumya Mohan, Americas Region Treasurer for Tesla, discusses planning the treasury management track.
03/27/2018
Treasury As an Agent of Change
It’s not typically treasury’s job to think about the future. That’s usually left up to the FP&A guys, right? Well, that mindset needs to change.
It’s not typically treasury’s job to think about the future. That’s usually left up to the FP&A guys, right? Well, that mindset needs to change.
03/26/2018
AFP 2018 Preview: What Risks Are Treasurers Focused On?
Brad Larson, CTP, Principal, ReCa Treasury Services, discusses helping to put together the Risk Management track at AFP 2018.
Brad Larson, CTP, Principal, ReCa Treasury Services, discusses helping to put together the Risk Management track at AFP 2018.
03/23/2018
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