Articles

AFP Survey Finds 45% of Organizations Moved Deposits to Large Banks, Proactively Adapting to Challenging Environment
Forty-five percent of organizations moved deposits to large banks, seeking safety in systemically important financial institutions, according to the 2024 AFP Liquidity Survey, underwritten by Invesco.

06/18/2024

What the U.S. Money Market Fund Reform Means for Treasury Professionals
While the precise impact of the U.S. Money Market Fund Reform is, as yet, unknown, treasury practitioners should try to understand the potential implications for their organizations.

06/14/2024

Numbers and Narratives: Where Story Meets Valuation
From an early age, people are divided into two camps: the number crunchers and the storytellers.

06/12/2024

10 Tips to Maximize Your Networking Opportunities at Professional Conferences
Attending an industry conference can be both exhilarating and overwhelming. Whether you're a seasoned pro or a first-timer, it's important to manage your energy and engagement levels to get the most out of the experience.

06/10/2024

AFP Survey Finds 4.4% Increase in Treasury and Finance Base Salaries in 2023
Treasury and finance professionals received a modest increase of 4.4% in their base salaries in 2023, according to the 2024 AFP Compensation and Benefits Survey Report.

05/28/2024

From FP&A Analyst to CFO
In my work as an analyst or as a CFO, I always saw myself as bringing that finance thinking to the business. Even today, I still feel like I wear the hat of a financial analyst because I’m still the same person that I was 20 years ago.

05/28/2024

Making the Switch: Moving from Checks to Digital Payments
Digital payments are far more efficient, less costly and less vulnerable to fraud. Checks simply come up short in comparison.

05/17/2024

Agile Risk Management: Preparing for Success Beyond Adversity
In the contemporary business milieu, characterized by rapid evolution and unpredictability, organizations confront a diverse array of risks that can profoundly influence their operational efficacy, fiscal health and long-term viability.

05/14/2024

Understanding Money Markets
Money markets refer to a global marketplace where highly liquid (i.e., easily converted to cash) short-term financial investments are traded.

05/13/2024

The FP&A Checklist for Period-End Closing
The FP&A calendar is governed by period-end closing. Months, quarters and year-end closes provide the cadence and rhythm to our work.

05/09/2024

Our Favorite Financial Analyses
As a fun activity to accompany the release of the AFP FP&A Guide to What Is Financial Analysis, we asked the members of our three global FP&A Advisory Councils to share their favorite financial analyses.

05/07/2024

4 Steps to Influence Your Organization
If you want to gain influence and create change in your organization, you’re going to have to get REAL: resonate, educate, activate and liberate.

05/01/2024

4 Tips for High-Impact Budgeting and Forecasting
High-impact finance functions have sound accounting architecture, implement proven finance processes and methodologies, and provide people with the appropriate tools to succeed.

04/30/2024

Generative AI in Finance: 2 Big Questions, Answered
The race is on to understand how and when to apply generative AI, such as large language models (LLMs) and embedded copilots, in finance.

04/29/2024

4 Questions About Embracing AI in Finance, Answered
As finance directs more of its attention to artificial intelligence, many professionals face big questions about how to get started — and how to capitalize on the steps they have already taken.

04/29/2024

5 Insights on AI-Powered FP&A
The speed at which advances in technology and automation are accelerating is unprecedented. While FP&A professionals have a strong desire to get ahead of the wave, the big question goes largely unanswered: Where do I start?

04/29/2024

Cash Flow Forecasting in a Global Media Company
The necessity for a centralized treasury, and subsequent centralized cash flow forecasting, at a prominent global media company operating across more than 150 countries had become critical. With its central treasury team based in the U.K., each of the 150 countries from which the company operates managed its own cash flow forecasting, leading to significant issues starting with funding and market liquidity risks and ending with financial market risk.

04/26/2024

AFP Partners with ACBSP to Equip Students with In-Demand Skills for Finance Careers
AFP has partnered with the Accreditation Council for Business Schools and Programs (ACBSP) to further the reach of AFP’s University Partners Program (UPP).

04/24/2024

4 Ways to Reduce Payments Fraud
A significant increase in fraud activity occurred in 2023 compared to the previous year, with a staggering 80% of organizations reporting being targeted by attempted or actual fraud attacks, according to results from the 2024 AFP Payments Fraud and Control Survey, underwritten by Truist. This statistic underscores the persistent and evolving nature of fraudsters, who remain relentless in their efforts to infiltrate payment systems.

04/23/2024

AFP Survey Finds 80% of Organizations Experienced Payments Fraud in 2023
Eighty percent of respondents report that their organizations were victims of attempted or actual payments fraud activity in 2023, according to the 2024 AFP Payments Fraud and Control Survey, underwritten by Truist.

04/16/2024

5 Tips for Creating an Effective Financial Presentation
In the dynamic world of finance, the ability to craft compelling presentations is essential. When a presentation is effective, it serves as a bridge, simplifying complex financial concepts into digestible information that fosters clarity and understanding among diverse audiences.

04/11/2024

Choosing the Right KPIs for Your Organization
Selecting the right KPIs involves careful consideration of your objectives, identification of key metrics, and ensuring relevance to industry and organizational priorities. Keeping the KPI selection process simple yet targeted, with a focus on a few meaningful metrics, allows for the clear measurement of success and progress.

04/08/2024

What Is a Treasury Management System?
A treasury management system (TMS) is an enterprise-wide solution that can oversee a range of financial activities at a global scale, including global liquidity management, FX transactions, financial risk mitigation, derivatives and bank account access.

04/03/2024

Ways FP&A Leaders Manage the Costs of AI in Finance
The costs associated with the use of artificial intelligence (AI) and machine learning can be numerous. When done well, AI can give you a competitive advantage in the marketplace. But how do you manage the costs of AI to ensure the benefits outweigh the costs?

04/02/2024

Digital Finance Roadmap
How should you create a roadmap for your digital finance initiative? The roadmap you create will depend on the scope and vision of your project.

04/02/2024

Improve Your Meetings by Asking These 2 Questions
We need to improve our meetings for productivity, speed and innovation. If your team is struggling to make meetings efficient and effective, ask these two questions: What is the purpose of the meeting, and who really needs to be involved?

04/01/2024

4 Tips for a Successful Treasury Transformation
Managing a treasury transformation project across multiple jurisdictions is complex because of the major differences in the financial environment and the regulatory landscape between the different countries.

03/25/2024

Developing Talent to Achieve Treasury Transformation
While treasury transformation projects are usually designed to improve operational efficiency, with a heavy reliance on technology to achieve the objectives, it is critical to manage and develop the treasury team.

03/25/2024

How Important Is Technology to a Successful Treasury Transformation?
Effective use of technology is central to the success of most treasury transformations. Technology is often seen as the solution to treasury’s core problems, whether that is calculating positions and exposures or making payments and executing decisions.

03/25/2024

Why Transform Treasury?
In a dynamic world, treasurers are under constant pressure to operate as efficiently as possible as they try to support their organizations’ business strategies. From time to time, there is an opportunity to effect change within the treasury department to enhance operational efficiency. This change can take many forms.

03/25/2024

Understanding Foreign Exchange Risk
Foreign exchange risk is the possibility that fluctuations in exchange rates between currencies will lead to financial loss. More commonly known as FX risk, foreign exchange risk is an important part of global treasury management.

03/25/2024

Net Present Value vs. Internal Rate of Return
Net Present Value (NPV) and Internal Rate of Return (IRR) are two fundamental tools used in finance to assess and compare investment opportunities to make business decisions. Often, it is helpful to use both measures at the same time.

03/19/2024

Treasury Transformation and Smart Safe Innovation Leads to Scalable Solutions
With the implementation of its smart safe and store treasury initiative, the treasury team at Casey’s General Stores was able to quickly resolve a myriad of issues, leading to significant increases in efficiency and cost savings.

03/07/2024

Creating Alignment and Transparency Through a Driver-Based Model
A Vice President of FP&A was tasked with coming up with a budgeting system that worked for everyone. By prioritizing alignment and transparency, actively seeking collaboration, and developing trainings that effectively communicated with non-finance staff, the company successfully created a robust system prepared to meet the demands of any current or future scenario.

03/05/2024

The FP&A Role in Driver-Based Modeling
An FP&A team turned to driver-based modeling to align finance, strategy, culture and operations. When the owners of certain drivers understood the impact of certain events or occurrences on the company, they would be in a better position to create positive change — to accurately steer their financial strategies.

03/05/2024

5 Warning Signs Your Technology Expenses Are Too High
AIQ recently compiled data from more than a decade of procurement consultations and found that enterprises are paying technology prices that are, on average, 79% higher than what market conditions warrant.

03/01/2024

Is Now the Time to Concentrate Cash Across Borders?
Treasurers across all types of companies are reviewing their approach to liquidity management with a view to using internal cash more efficiently. These reviews are being driven by four factors.

03/01/2024

AFP Survey Finds Increased Support for FP&A Professional Development
Companies are providing increased levels of support for FP&A professional development. Overall, respondents of the 2024 AFP FP&A Benchmarking Survey, underwritten by Workday, rate their satisfaction with company-offered professional development opportunities a 3.5 on a 1-to-5 scale.

02/29/2024

FP&A Leaders Discuss the Role of AI in Finance Today
Members of AFP’s North America FP&A Advisory Council discussed their AI goals for 2024. Their goals spanned the spectrum, from those who are just starting to look into AI to those who have a multi-pronged plan for implementation.

02/27/2024

The Global Resilience Federation on Evaluating Your Organization’s Resilience
The ORF offers a set of guidelines and tools designed to aid companies in recovering immutable data while also minimizing disruptions to services. What sets this framework apart is its focus on both data recovery and service continuity, providing a comprehensive approach to resilience.

02/23/2024

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