Articles
Virtual Accounts: A Solution for All?
Achieving cash visibility and control is crucial for treasurers, requiring companies to effectively deploy available solutions and innovations.
Achieving cash visibility and control is crucial for treasurers, requiring companies to effectively deploy available solutions and innovations.
04/27/2021
Four Practices to Create a Culture of Intentional Learning
Learn about intentional learning as a valuable investment in skills enhancement. Discover how leaders play a crucial role in fostering intentional learning in organizations.
Learn about intentional learning as a valuable investment in skills enhancement. Discover how leaders play a crucial role in fostering intentional learning in organizations.
04/27/2021
Intentional Learning: Critical Mindsets for Career Advantages
Intentional learners have a career advantage by embracing growth and curiosity mindsets. Unlock their potential for continuous improvement.
Intentional learners have a career advantage by embracing growth and curiosity mindsets. Unlock their potential for continuous improvement.
04/27/2021
Transitioning from Accountancy to FP&A
FP&A professionals are helping organisations better understand economic and business trends, identify opportunities, and anticipate obstacles and potential treats. This has led the finance function to spend less time on basic budgeting and reporting responsibilities and relying on its FP&A teams to focus more on data analysis and recommendations to drive future growth.
FP&A professionals are helping organisations better understand economic and business trends, identify opportunities, and anticipate obstacles and potential treats. This has led the finance function to spend less time on basic budgeting and reporting responsibilities and relying on its FP&A teams to focus more on data analysis and recommendations to drive future growth.
04/20/2021
AFP 2021: Searching for New Solutions in the Payments Landscape
Discover the highlights of AFP 2021 Payments Track and insights from Susan Glass, a member of the Payments Task Force.
Discover the highlights of AFP 2021 Payments Track and insights from Susan Glass, a member of the Payments Task Force.
04/19/2021
AFP FinNext Asia: Customized FP&A Learning in Asia-Pacific
AFP FinNext Asia provides customized content for FP&A practitioners in the Asia-Pacific region.
AFP FinNext Asia provides customized content for FP&A practitioners in the Asia-Pacific region.
04/19/2021
Coming in 2022: Same-Day ACH Limit Increases to $1 Million
The National Automated Clearing House Association (Nacha) approved to increase the Same Day ACH per-transaction limit to $1 million, effective March 18, 2022.
The National Automated Clearing House Association (Nacha) approved to increase the Same Day ACH per-transaction limit to $1 million, effective March 18, 2022.
04/15/2021
Three Pillars for Reimagining Data Strategy
Learn about the challenges CFOs face in trusting company data and relying on gut instincts for strategic decision-making.
Learn about the challenges CFOs face in trusting company data and relying on gut instincts for strategic decision-making.
04/12/2021
Why You Need to Take Unclaimed Property Seriously
Almost all organizations hold property that technically belongs to someone else from time to time. Most of the time possession of that property, whether funds or goods, is usually transferred successfully to the owner in the normal course of business. Sometimes, however, checks remain uncashed or customer deposits are not translated into full sales, resulting in organizations holding unclaimed property.
Almost all organizations hold property that technically belongs to someone else from time to time. Most of the time possession of that property, whether funds or goods, is usually transferred successfully to the owner in the normal course of business. Sometimes, however, checks remain uncashed or customer deposits are not translated into full sales, resulting in organizations holding unclaimed property.
04/12/2021
Aspiring Business Partner: FP&A is Falling Short of CFO Expectations
CFOs face challenges in transforming FP&A despite process redesign and technology investment.
CFOs face challenges in transforming FP&A despite process redesign and technology investment.
04/07/2021
CTP: The Shifting Landscape of Treasury
AFP recently caught up with Aziz Samji, CTP, senior consultant of Capital Markets and Corporate Liquidity at Financial National Information Services Inc., to discuss his decision to earn the CTP, and how it has affected his life and career journey.
AFP recently caught up with Aziz Samji, CTP, senior consultant of Capital Markets and Corporate Liquidity at Financial National Information Services Inc., to discuss his decision to earn the CTP, and how it has affected his life and career journey.
04/05/2021
Federal Reserve Panel Discussion on Libor Transition Concludes, We Need Standardization Fast
The Alternative Reference Rates Committee (ARRC) recently hosted the first in a series of webinars regarding the Libor transition. The SOFR Symposium: The Final Year, focused on progress in transitioning away from Libor, and on areas such as the loan market where progress has been slower.
The Alternative Reference Rates Committee (ARRC) recently hosted the first in a series of webinars regarding the Libor transition. The SOFR Symposium: The Final Year, focused on progress in transitioning away from Libor, and on areas such as the loan market where progress has been slower.
03/30/2021
5 Questions for Kayla Davis on Becoming the Head of M&A
Kayla Davis, VP of Mergers and Acquisitions at ABM Industries, shares her perspective on FP&A and its role in planning within the facility management industry.
Kayla Davis, VP of Mergers and Acquisitions at ABM Industries, shares her perspective on FP&A and its role in planning within the facility management industry.
03/30/2021
Embracing Multiple Points of View in Financial Forecasting
Explore a probabilistic approach to forecasting and the potential limitations of relying solely on precise forecasts in data-driven planning.
Explore a probabilistic approach to forecasting and the potential limitations of relying solely on precise forecasts in data-driven planning.
03/30/2021
Implementation of the ‘X’ Factor in Your Organization
xP&A applies FP&A tools to any department for business planning and automated forecasting.
xP&A applies FP&A tools to any department for business planning and automated forecasting.
03/25/2021
Five Core Skills for Intentional Learning and the Career Advantage
Intentional learners have a career advantage in the evolving professional world.
Intentional learners have a career advantage in the evolving professional world.
03/22/2021
How Virtual Accounts Create Efficiency
Finance professionals face the challenge of identifying the best technology solutions for their organizations amid constant innovation in the fintech industry.
Finance professionals face the challenge of identifying the best technology solutions for their organizations amid constant innovation in the fintech industry.
03/22/2021
9 Rules to Manage Performance Metrics
Organizations must use metrics effectively to drive business decisions and manage the abundance of available data.
Organizations must use metrics effectively to drive business decisions and manage the abundance of available data.
03/22/2021
AI Implementation for Cash Forecasting: Challenges and Benefits
Artificial intelligence (AI) is explored, clarifying its different technologies and their role in gaining insights and performing tasks based on data.
Artificial intelligence (AI) is explored, clarifying its different technologies and their role in gaining insights and performing tasks based on data.
03/17/2021
RTP Rides Payment Trends But Faces Hurdles
Explore the challenges and prospects for immediate payments, particularly in The Clearing House's RTP Network, as it faces competition and hurdles.
Explore the challenges and prospects for immediate payments, particularly in The Clearing House's RTP Network, as it faces competition and hurdles.
03/16/2021
CTP: Growing Our Understanding of Treasury Across the Region
Marcell Wiradinata, CTP, shares the impact of earning the Certified Treasury Professional (CTP) designation on his career.
Marcell Wiradinata, CTP, shares the impact of earning the Certified Treasury Professional (CTP) designation on his career.
03/16/2021
FP&A Indicator: Outlook Brightens on Spending Growth
AFP launches the FP&A Indicator survey to gauge the pulse of the business community from the perspective of FP&A professionals.
AFP launches the FP&A Indicator survey to gauge the pulse of the business community from the perspective of FP&A professionals.
03/15/2021
Developing Bold, Business-Minded FP&A Professionals
The APAC FP&A Advisory Council (FPAAC) facilitates discussions on best practices, challenges, and innovation in the Asia-Pacific region.
The APAC FP&A Advisory Council (FPAAC) facilitates discussions on best practices, challenges, and innovation in the Asia-Pacific region.
03/15/2021
FCA Makes Clear the End of USD Libor With Announcement of Set Dates
Discover the critical dates and implications of the Financial Conduct Authority's announcement on the cessation of Libor submissions and availability of representative Libor rates.
Discover the critical dates and implications of the Financial Conduct Authority's announcement on the cessation of Libor submissions and availability of representative Libor rates.
03/09/2021
AFP FinNext 2021 Virtual: Discover the Future of FP&A with Top Industry Experts
Finance is a constantly changing, unpredictable environment. It’s crucial that financial planning and analysis (FP&A) professionals stay on top of the latest trends in the industry, and one way to ensure they perform at their peak is to gather fresh and innovative ideas.
Finance is a constantly changing, unpredictable environment. It’s crucial that financial planning and analysis (FP&A) professionals stay on top of the latest trends in the industry, and one way to ensure they perform at their peak is to gather fresh and innovative ideas.
03/09/2021
Tips for Harnessing the Power of Digital Body Language
While remote collaboration and digital learning can be successful in the COVID-19 era, it can also be challenging to understand tone, body language and other non-verbal cues that provide meaningful context to communication. Even before the pandemic, virtual communication was prevalent with emails and conference calls.
While remote collaboration and digital learning can be successful in the COVID-19 era, it can also be challenging to understand tone, body language and other non-verbal cues that provide meaningful context to communication. Even before the pandemic, virtual communication was prevalent with emails and conference calls.
03/03/2021
Building Actionable Resilience: The Real Options Approach
All organizations have some amount of resilience, the ability to mobilize resources to absorb negative impacts. Forward-thinking organizations will plan their resilience in advance, perhaps even making investments in “contingent capabilities,” responses that activate only in specific circumstances to carry the organization through the risk impact and back to normal performance.
All organizations have some amount of resilience, the ability to mobilize resources to absorb negative impacts. Forward-thinking organizations will plan their resilience in advance, perhaps even making investments in “contingent capabilities,” responses that activate only in specific circumstances to carry the organization through the risk impact and back to normal performance.
03/02/2021
Many Firms, Banks Still Slow to Adopt Cybersecurity Preparedness into Scorecards
As cybercrime has increased in volume and intensity, many organizations have come to rely on cybersecurity scorecards to help evaluate the security preparedness of both themselves and the third-party firms they have relations with. Obviously, that includes banks and financial institutions.
As cybercrime has increased in volume and intensity, many organizations have come to rely on cybersecurity scorecards to help evaluate the security preparedness of both themselves and the third-party firms they have relations with. Obviously, that includes banks and financial institutions.
03/01/2021
RTP Accelerates Network Expansion to Regional Banks
Spreading its coverage, the RTP network — the real-time payment system from The Clearing House (TCH) — now reaches 57% of U.S. demand-deposit accounts (DDAs), including those at regional and community banks, at a time when immediate payments have become increasingly important.
Spreading its coverage, the RTP network — the real-time payment system from The Clearing House (TCH) — now reaches 57% of U.S. demand-deposit accounts (DDAs), including those at regional and community banks, at a time when immediate payments have become increasingly important.
03/01/2021
The Importance of Good Communication Skills in the Finance Profession
John Sanchez, communication consultant with The FPA Group, shares insights on effective communication in finance.
John Sanchez, communication consultant with The FPA Group, shares insights on effective communication in finance.
03/01/2021
AFP Participation in International Roundtable Provides Members with a Voice on a Global Stage
The Association for Financial Professionals’ (AFP) director of Treasury and Payments Services, Tom Hunt, recently participated in the Financial Stability Board’s (FSB) Virtual Roundtable on Libor Transition and Benchmark Reforms. In attendance were 58 finance executives representing approximately 15 countries and the European Union. The president of the FSB, John Williams, CEO of the NY Fed, and Andrew Bailey, governor, Bank of England, ran the roundtable. The AFP was the largest U.S. treasury association in attendance.
The Association for Financial Professionals’ (AFP) director of Treasury and Payments Services, Tom Hunt, recently participated in the Financial Stability Board’s (FSB) Virtual Roundtable on Libor Transition and Benchmark Reforms. In attendance were 58 finance executives representing approximately 15 countries and the European Union. The president of the FSB, John Williams, CEO of the NY Fed, and Andrew Bailey, governor, Bank of England, ran the roundtable. The AFP was the largest U.S. treasury association in attendance.
02/23/2021
Scenario Planning with Steve Player
Scenario planning addresses the key question: What do we do? It enables you to respond to changes that cause your existing plans and forecast to be radically revised in order to deal with a new and different operating environment requiring rapid response. Examples of this could include events that radically change the demand for services, such as the COVID-19 pandemic, or the emergence of new business models that create disruption such as Airbnb, Lyft, or Uber.
Scenario planning addresses the key question: What do we do? It enables you to respond to changes that cause your existing plans and forecast to be radically revised in order to deal with a new and different operating environment requiring rapid response. Examples of this could include events that radically change the demand for services, such as the COVID-19 pandemic, or the emergence of new business models that create disruption such as Airbnb, Lyft, or Uber.
02/22/2021
FP&A: Sustainability Practices and Talent Development
The APAC FP&A Advisory Council (FPAAC) meets regularly to discuss best practices and innovative initiatives in the Asia-Pacific region. Keyur Shah, senior finance director at Johnson & Johnson, shares his insights.
The APAC FP&A Advisory Council (FPAAC) meets regularly to discuss best practices and innovative initiatives in the Asia-Pacific region. Keyur Shah, senior finance director at Johnson & Johnson, shares his insights.
02/22/2021
Data-Proficiency is Key for Treasury Professionals
New skills in data management, analytics, and automation added to treasury professionals' must-have list.
New skills in data management, analytics, and automation added to treasury professionals' must-have list.
02/16/2021
ARRC Issues SOFR Recommendations for Intercompany Loans
In its ongoing effort to facilitate the transition to a new benchmark for floating-rate financial transactions, the Alternative Reference Rates committee (ARRC) recently recommended a method for using the secured overnight funding rate (SOFR) for intercompany loans. Treasury executives should discuss the language and how to address the issue most effectively with colleagues across their companies’ finance departments, if they haven’t already.
In its ongoing effort to facilitate the transition to a new benchmark for floating-rate financial transactions, the Alternative Reference Rates committee (ARRC) recently recommended a method for using the secured overnight funding rate (SOFR) for intercompany loans. Treasury executives should discuss the language and how to address the issue most effectively with colleagues across their companies’ finance departments, if they haven’t already.
02/16/2021
Nacha Mulls Same-Day ACH Limit Increases to $1 Million and Above
NACHA proposes major limit increases over the next three years to enable corporates to expedite a wide range of debits and credits. Discover what could drive companies to transition to electronic payments.
NACHA proposes major limit increases over the next three years to enable corporates to expedite a wide range of debits and credits. Discover what could drive companies to transition to electronic payments.
02/08/2021
Negotiating Bank Fees: Two Strategies Share Upfront Approach
Discover strategies to ensure competitive fees and reduce costs by asking banks for information and exploring ways to lower fees. Experts provide advice on managing fees effectively.
Discover strategies to ensure competitive fees and reduce costs by asking banks for information and exploring ways to lower fees. Experts provide advice on managing fees effectively.
02/02/2021
Even with the Extension, Corporates Struggle with Libor Transition
The implications of the proposed extension of Libor support, the transition to replacement reference rates, and the challenges faced by corporates in the transition process.
The implications of the proposed extension of Libor support, the transition to replacement reference rates, and the challenges faced by corporates in the transition process.
02/01/2021
Six Ways Scenario Planning Stretches Organizational Vision
FP&A embraces multiple perspectives, rapid reforecasting, long-term strategy, and scenario planning in a changing world.
FP&A embraces multiple perspectives, rapid reforecasting, long-term strategy, and scenario planning in a changing world.
02/01/2021
The Future of Finance is Tied to 3 Core Themes
The AFP FinNext Virtual Conference Planning Task Force identifies three core themes that highlight the importance of holding multiple perspectives in finance.
The AFP FinNext Virtual Conference Planning Task Force identifies three core themes that highlight the importance of holding multiple perspectives in finance.
01/27/2021
See what’s in store at the treasury and finance conference, AFP 2024, October 20-23, in Nashville. Check out the Session Explorer here.