While there has been a lot of talk about how much cash will move out of prime money market funds before October 15, talking about exiting prime funds and actually doing it are different things.
Growing volatility in the business environment, cost pressures and a new focus on enterprise performance is sparking a renewed interest in how to best organize the FP&A function.
Ask Gideon Rachman for his thoughts on the Brexit vote and he’ll give you an earful. The London-based journalist also has plenty to say about Donald Trump, geopolitical risk and more. That should come as no surprise, given that Rachman is chief foreign affairs commentator for the Financial Times.
Introducing an innovative cash flow funding and forecasting model, which can improve management focus on cash. It’s the kind of detail that should be used as a common language between the group CFO and the business units.
How much cash will move out of prime money market funds before October? It's hard to say, but it is unlikely that there will be a large change in balances from prime from our short-term/operating cash investors.
Why are finance professionals being asked to do more? Because of finance’s connection to business results, it is increasingly seen as strategic business partner.
At the Executive Institute at the 2016 AFP Annual Conference, experts will provide attendees with insights into how they can obtain an optimal capital structure.
Considering sending your team to AFP Annual Conference in Orlando, Florida, this October? Anthony Scaglione, CTP, EVP and CFO of ABM Industries, already has signed up several members of his team. That’s because he believes AFP Annual is a great investment on training and education.
ISO 20022 appears to be the gateway to achieving universal standardization for payments. However, there are currently different versions of it in use all over the world. That’s clearly not a standard.
Treasurers are constantly seeking new ways to improve operations and streamline workflows. One of the most effective solutions, multilateral netting, actually is an ageless classic that can add real economic value.
Many treasurers are breathing a collective sigh of relief with the news that the Treasury Department is working to carve out cash pooling arrangements from its proposed changes to section 385 of the Internal Revenue Code.
While finance may not be as alluring as some marketing and design jobs, it has a lot going for it. But in order to attract millennials, the function may need to engage in an image makeover.
It’s not easy moderating a panel of high-powered global thinkers and leaders. But that’s the task at hand for David Gregory, author, ex-White House political correspondent and former host of Meet the Press. Gregory will moderate the Sunday keynote session at the AFP Annual Conference in Orlando, Fla., on October 23.
Sweetgreen has gone cashless at some of its locations. If the move is successful, more retailers could follow suit, potentially making life easier for their treasury groups.
Treasury should not only be measured by looking at P&L statements or balance sheet figures. The best way to measure treasury’s day-to-day activities is by using key performance indicators (KPIs).
AFP recently interviewed Ron Dimon, a director with Deloitte and an expert on enterprise performance management. Dimon and FP&A Manager Bradley Page of Archer Daniels Midland will lead a session about EPM and value mapping at AFP Annual Conference.
Mariam Lamech, director, survey research for AFP, discusses the results of the July 2016 AFP Corporate Cash Indicators® (AFP CCI). The latest results show American businesses hoarding cash at a far quicker pace than previous quarters.
The impact of the Brexit vote in the U.K. continues to roil treasury. This time, treasury professionals feeling the pain work for non-governmental organizations, or NGOs.
As the role of financial planning and analysis (FP&A) expands, and the importance of soft skills rises, there should be some official recognition that technical skills only go so far. If executives cannot tell their story and influence decisions, they are not doing their jobs.
Concerned about Brexit and a tepid economy, American companies in the second quarter of 2016 returned to accumulating cash at a fast pace, according to the AFP Corporate Cash Indicators® (AFP CCI).
AFP recently spoke with data journalist David McCandless, who will speak about data visualization at its Annual Conference in October, from his home in London.
Zero-based budgeting is making a comeback, and it doesn't require a big-bang implementation. Many companies are getting great results by doing the exact opposite.
Large ACH originators could be hit with unintended fees once same-day ACH starts September 23.
Tom Hunt, CTP, AFP's Director of Treasury Services, weighs in on the key themes discussed at a July 14, 2016 hearing on proposed changes to section 385 of Internal Revenue Code.
The role of financial planning and analysis (FP&A) in for- and not-for-profit organizations is increasingly similar: It needs to help management make smart decisions about how to make investments and cut costs.
Craig Martin, Executive Director of AFP's Corporate Treasurers Council, provides a preview of the Executive Institute at the 2016 AFP Annual Conference, Oct. 23-26 in Orlando, Florida.
There’s a new brand of zero-based budgeting (ZBB) out there. This new version is more strategic and more targeted than Version 1.0.
In 2015, data flash storage company Pure Storage went public. The finance team realized it needed the expertise that comes with a treasury function.
Simply put, too many decimals can yield the wrong answer on the CTP exam.
The IRS received considerable pushback against the proposed changes to section 385 of the Internal Revenue Code during a public hearing.
During an AFP roundtable in Boston sponsored by Peloton, attendees discussed the skills FP&A practitioners need to have in order to become strategic partners to the business.
AFP recently interviewed Ret. Gen. Martin Dempsey, former chairman of the Joint Chiefs of Staff. As chairman of the Joint Chiefs of Staff he was the senior officer in the Armed Forces and the military advisor to the secretary of defense and to the President.
Tom Hunt, CTP, Director of Treasury Services for AFP, discusses the results of the 2016 AFP Liquidity Survey, underwritten by State Street Global Advisors (SSGA).
While there are many regulations treasurers need to pay attention to, the Treasury Department’s proposed changes to Internal Revenue Code section 385 have the potential to significantly impact treasury departments at large.
According to the 2016 AFP Liquidity Survey, underwritten by State Street Global Advisors (SSGA), 90 percent of treasury and finance professionals cite their overall relationship with their bank as an important determinant when choosing a bank in which to invest their short-term cash.
Because of the weak Canadian dollar, many companies on both sides of the border are experiencing volatility in their costs, revenues and net income. How should companies manage these risks?
SWIFT is teaming up with BAE Systems and Fox-IT to investigate recent cyberattacks on its customers. The news follows reports that hackers hit another bank and transferred funds across the SWIFT network.
A fundamental shift within the payments industry, driven by the financial crisis and the rise of fintech, should be music to the ears of corporate treasury professionals.
Many newcomers to finance will come from the millennial generation. It’s therefore incumbent upon senior finance executives to learn how to attract and best manage this younger workforce.
AFP sent a comment letter to the Internal Revenue Service in response to proposed changes to Section 385.