Articles
AFP Viewpoint: How Treasurers Can Manage Card Fees
The new AFP Payments Guide, underwritten by MUFG Union Bank, aims to shed some light over the very complex nature of credit card payments.
The new AFP Payments Guide, underwritten by MUFG Union Bank, aims to shed some light over the very complex nature of credit card payments.
12/01/2017
4 Ways Treasurers Can Protect Customer Data—Plus KYC Advice
Austin O’Brion co-founder of Token of Trust, offers treasury professionals tips on protecting customer data, as well as advice on keeping KYC information secure.
Austin O’Brion co-founder of Token of Trust, offers treasury professionals tips on protecting customer data, as well as advice on keeping KYC information secure.
11/30/2017
FP&A Pros Should Learn the Taxonomy of Risk. Here's Why.
In FP&A, we focus on how to achieve the goals and create forecasts that show whether we are on track. Our colleagues in risk management start from the same goals, but look at what can prevent us from achieving them.
In FP&A, we focus on how to achieve the goals and create forecasts that show whether we are on track. Our colleagues in risk management start from the same goals, but look at what can prevent us from achieving them.
11/29/2017
Tapscott on Blockchain and the Fourth Industrial Age
Don Tapscott, one of the world’s top experts on distributed ledger technology, discusses how blockchain could reshape treasury and finance in the very near future.
Don Tapscott, one of the world’s top experts on distributed ledger technology, discusses how blockchain could reshape treasury and finance in the very near future.
11/29/2017
Robotic Process Automation: How Treasury Benefits
When senior leadership mandates that you reduce costs over a three-year period, what do you do? If you’re the finance department at Allianz Life, you implement robotic process automation (RPA).
When senior leadership mandates that you reduce costs over a three-year period, what do you do? If you’re the finance department at Allianz Life, you implement robotic process automation (RPA).
11/28/2017
Finance Professionals, How Do You Deliver Bad News?
FP&A professionals discuss the ways that they deliver bad news to senior leadership.
FP&A professionals discuss the ways that they deliver bad news to senior leadership.
11/21/2017
Payments at AFP 2017: 3 Key Takeaways
After the multitude of discussions I had with treasury professionals at AFP 2017 on payments, I walked away with three key takeaways.
After the multitude of discussions I had with treasury professionals at AFP 2017 on payments, I walked away with three key takeaways.
11/20/2017
Handling Cash Continues to Be a Pain Point for Retailers
Retail treasury professionals discussed handling cash during a retail industry roundtable at AFP 2017, sponsored by Fifth Third Bank.
Retail treasury professionals discussed handling cash during a retail industry roundtable at AFP 2017, sponsored by Fifth Third Bank.
11/20/2017
The Clearing House’s Real Time System Goes Live
RTP, The Clearing House’s real-time payments system, launched this week. BNY Mellon and U.S. Bank initiated the very first real-time payment on the system.
RTP, The Clearing House’s real-time payments system, launched this week. BNY Mellon and U.S. Bank initiated the very first real-time payment on the system.
11/15/2017
FP&A Needs to Get Buy-In From Business Units. Here's How.
Finance often is involved in change management, both inside our own organizations and across functions. I have been thinking about the buy-in in the context of change management inspired by two recent events.
Finance often is involved in change management, both inside our own organizations and across functions. I have been thinking about the buy-in in the context of change management inspired by two recent events.
11/15/2017
Survey: Few Finance Pros Are Ready for Digital Disruption
Finance professionals know that new technologies like artificial intelligence and blockchain will disrupt their function, yet they believe their organizations are not prepared for the coming changes.
Finance professionals know that new technologies like artificial intelligence and blockchain will disrupt their function, yet they believe their organizations are not prepared for the coming changes.
11/14/2017
FP&A: Confronting Cognitive Bias
How are FP&A professionals to know what they don’t know when the very atmosphere seems choked with unknown unknowns?
How are FP&A professionals to know what they don’t know when the very atmosphere seems choked with unknown unknowns?
11/13/2017
Understanding Ransomware Attacks: What Are the Risks?
Bob Stark, Vice President of Strategy for Kyriba, discusses the ongoing threat of ransomware attacks.
Bob Stark, Vice President of Strategy for Kyriba, discusses the ongoing threat of ransomware attacks.
11/09/2017
People Are the Key to Cash Forecasting
One thing quickly became clear during an AFP 2017 session on cash forecasting—to be effective, you need to be able to rely on the people around you.
One thing quickly became clear during an AFP 2017 session on cash forecasting—to be effective, you need to be able to rely on the people around you.
11/08/2017
Money Funds: The Legislative Push for a Stable NAV Continues
In a recent hearing, Rep. Keith Rothfus referenced a new letter by AFP in support of the Consumer Financial Choice and Capital Markets Protection Act (H.R. 2319).
In a recent hearing, Rep. Keith Rothfus referenced a new letter by AFP in support of the Consumer Financial Choice and Capital Markets Protection Act (H.R. 2319).
11/06/2017
How to Switch the Finance Process from Propeller to Jet Speed
Just getting by with spreadsheets is no longer an option for finance and treasury. The performance advantage gained by efficient analytics is just too large to be without impact.
Just getting by with spreadsheets is no longer an option for finance and treasury. The performance advantage gained by efficient analytics is just too large to be without impact.
11/06/2017
Deadline for Faster Payments Raises Questions for Treasurers
A new faster payment system is scheduled to arrive in the United States by 2020—an aggressive timeframe that suggests corporate treasurers should start thinking sooner rather than later about the potential ramifications.
A new faster payment system is scheduled to arrive in the United States by 2020—an aggressive timeframe that suggests corporate treasurers should start thinking sooner rather than later about the potential ramifications.
11/03/2017
What Can Treasury Learn from the Equifax Breach?
Bob Stark of Kyriba discusses the recent Equifax breach and provides tips for treasury professionals on how their departments can avoid a similar scenario.
Bob Stark of Kyriba discusses the recent Equifax breach and provides tips for treasury professionals on how their departments can avoid a similar scenario.
11/02/2017
Worried About the Economy, U.S. Firms Build Cash Reserves
The latest AFP Corporate Cash Indicators®, signaled that corporate treasury and finance executives are increasingly concerned about the global economy and are stockpiling cash reserves in response.
The latest AFP Corporate Cash Indicators®, signaled that corporate treasury and finance executives are increasingly concerned about the global economy and are stockpiling cash reserves in response.
10/31/2017
It’s Time to Wrap Your Mind Around AFP MindShift
A new report reveals how AFP MindShift will help you begin to make sense of the technological chaos.
A new report reveals how AFP MindShift will help you begin to make sense of the technological chaos.
10/31/2017
Boo! FP&A Professionals, Don’t Be Afraid of Halloween
Of course there is a huge amount of data available, at various levels of aggregation. So at which level are you forecasting?
Of course there is a huge amount of data available, at various levels of aggregation. So at which level are you forecasting?
10/30/2017
Would a Centralized KYC Repository Put Data at Risk?
Would a centralized know-your-customer (KYC) repository create a treasure trove for cybercriminals?
Would a centralized know-your-customer (KYC) repository create a treasure trove for cybercriminals?
10/30/2017
Attention, Corporates: Passwords Just Won’t Cut It Anymore
Although treasury professionals are probably tired of hearing that passwords aren't sufficient to protect customer data, apparently businesses as a whole aren’t getting the message.
Although treasury professionals are probably tired of hearing that passwords aren't sufficient to protect customer data, apparently businesses as a whole aren’t getting the message.
10/25/2017
Interoperability: The Holy Grail of Blockchain
Treasury and finance professionals have heard a lot about blockchain in the past several years. But without interoperability, the technology will never truly break through.
Treasury and finance professionals have heard a lot about blockchain in the past several years. But without interoperability, the technology will never truly break through.
10/25/2017
Focus on Data to Leverage the FP&A Capability Maturity Model
AFP’s FP&A Maturity Model was designed to help organizations determine the level of maturity of their current FP&A capabilities, identify what best-in-class looks like, and what specific actions can improve your team. This month we are examining the data aspect of the Maturity Model.
AFP’s FP&A Maturity Model was designed to help organizations determine the level of maturity of their current FP&A capabilities, identify what best-in-class looks like, and what specific actions can improve your team. This month we are examining the data aspect of the Maturity Model.
10/25/2017
Fighting Fraud Is at the Top of Retailers’ Priority Lists
Combating fraud is one of the biggest concerns for retailers—if not the top challenge.
Combating fraud is one of the biggest concerns for retailers—if not the top challenge.
10/24/2017
The KYC Burden: Are Multiple Utilities Part of the Problem?
The presence of several different know-your-customer (KYC) utilities may be impeding the creation of a central repository.
The presence of several different know-your-customer (KYC) utilities may be impeding the creation of a central repository.
10/24/2017
AFP 2017 Pinnacle Awards
See the innovative solutions of this year's Pinnacle Award finalists. The Pinnacle Awards are sponsored by Wells Fargo.
See the innovative solutions of this year's Pinnacle Award finalists. The Pinnacle Awards are sponsored by Wells Fargo.
10/24/2017
Instead of a Cybersecurity Consultant, Try the ‘Uber’ Method
Security experts provided attendees of Money 2020 with a glimpse into a different approach to cybersecurity—one that relies on a network of freelance hackers to protect your system rather than a traditional consultancy.
Security experts provided attendees of Money 2020 with a glimpse into a different approach to cybersecurity—one that relies on a network of freelance hackers to protect your system rather than a traditional consultancy.
10/23/2017
Fed: Governance Framework Is Critical for Faster Payments
Sean Rodriguez of the Federal Reserve discusses why a governance framework will be critical to achieve a ubiquitous faster payments system in the United States by 2020.
Sean Rodriguez of the Federal Reserve discusses why a governance framework will be critical to achieve a ubiquitous faster payments system in the United States by 2020.
10/23/2017
2017 Pinnacle Awards: Allstate Streamlines Claim Payments
By switching from checks and ACH transfers to digital payments, Allstate dramatically reduced payment time while eliminating back-office paperwork and reconciliation processing. The Pinnacle Awards are sponsored by Wells Fargo & Co.
By switching from checks and ACH transfers to digital payments, Allstate dramatically reduced payment time while eliminating back-office paperwork and reconciliation processing. The Pinnacle Awards are sponsored by Wells Fargo & Co.
10/23/2017
AFP 2017: Is Treasury At Risk of Automation?
Is your treasury job at risk of someday being automated? At the AFP 2017 Executive Institute, experts debated whether practitioners’ jobs are truly in danger of being phased out—or if they are simply evolving with the times.
Is your treasury job at risk of someday being automated? At the AFP 2017 Executive Institute, experts debated whether practitioners’ jobs are truly in danger of being phased out—or if they are simply evolving with the times.
10/18/2017
AFP 2017: Is It Time For Stakeholder Capitalism?
The conflict between finance and industrial capital ought to get business leaders thinking “about a different kind of capitalism,” explains financial journalist Rana Foroohar.
The conflict between finance and industrial capital ought to get business leaders thinking “about a different kind of capitalism,” explains financial journalist Rana Foroohar.
10/18/2017
AFP 2017: Preparing for Operational Performance Reviews
Emmanuel Caprais, Vice President of Strategic and Financial Planning for ITT, provides some best practices for delivering operational performance reviews.
Emmanuel Caprais, Vice President of Strategic and Financial Planning for ITT, provides some best practices for delivering operational performance reviews.
10/18/2017
AFP 2017: Inside World Vision's Award-Winning FX Solution
Kathryn Powers, Global Treasurer for World Vision International, discusses her organization's FX management solution, which won the 2017 AFP Pinnacle Grand Prize. The Pinnacle Awards are sponsored by Wells Fargo & Co.
Kathryn Powers, Global Treasurer for World Vision International, discusses her organization's FX management solution, which won the 2017 AFP Pinnacle Grand Prize. The Pinnacle Awards are sponsored by Wells Fargo & Co.
10/17/2017
AFP Emerging Leaders: One Year Running
Renee Garin of Talen Energy, Chairperson of AFP's Emerging Leaders, discusses the progress that the program has made since launching in 2016.
Renee Garin of Talen Energy, Chairperson of AFP's Emerging Leaders, discusses the progress that the program has made since launching in 2016.
10/17/2017
AFP 2017: Why Europe is Not on the Verge of Collapsing
Marko Papic, Chief Geopolitical Strategist of BCA Research, explains why Europe is not on the verge of collapsing and why Catalonia won't gain independence from Spain.
Marko Papic, Chief Geopolitical Strategist of BCA Research, explains why Europe is not on the verge of collapsing and why Catalonia won't gain independence from Spain.
10/17/2017
AFP 2017: The Evolution of Check Fraud
In an interview at AFP 2017, featured speaker Greg Litster, President of SAFEChecks, describes how check fraud is evolving, and what corporate treasury and finance professionals can do to stop it.
In an interview at AFP 2017, featured speaker Greg Litster, President of SAFEChecks, describes how check fraud is evolving, and what corporate treasury and finance professionals can do to stop it.
10/17/2017
AFP 2017: Data Visualist Jer Thorp Asks FP&A to Practice ‘Data Humanism’
Big data has enabled people to learn an awful lot about their fellow humans but it may also be obscuring their own humanity, data visualist Jer Thorp warned a packed room of FP&A practitioners at AFP 2017 Monday.
Big data has enabled people to learn an awful lot about their fellow humans but it may also be obscuring their own humanity, data visualist Jer Thorp warned a packed room of FP&A practitioners at AFP 2017 Monday.
10/16/2017
U.S. Treasurers, It's Time to Prepare for Faster Payments
According to Sean Rodriguez of the Federal Reserve, faster payments are going to be a reality in the United States—and it might be sooner than most of us think.
According to Sean Rodriguez of the Federal Reserve, faster payments are going to be a reality in the United States—and it might be sooner than most of us think.
10/16/2017
