AFP has responded to NACHA’s request for comment on expanding Same Day ACH. AFP supports the expansion overall, but made some recommendations for how it could best benefit corporate end-users.
Tom Hunt, CTP, Director of Treasury Service for AFP, discusses the results of the 2018 AFP Risk Survey, supported by Marsh & McLennan Companies’ Global Risk Center. Respondents to this year's survey were concerned with business risk.
With the New Year comes the new accounting standard for financial instruments, IFRS 9, which replaces the IAS 39 regulations.
AFP is seeking experts to participate on the CTP Body of Knowledge Committee. The Committee has a vital role in the editorial process of The Essentials of Treasury Management.
Organizations must establish their risk appetite as they plan around volatility. All businesses incur a degree of risk, but how much they want to take on varies heavily.
The 2018 AFP Risk Survey, supported by Marsh & McLennan Companies’ Global Risk Center, found that few finance professionals are preparing for technology risk.
Crafting any successful presentation requires understanding the audience, and for finance professionals, that includes how you present quantitative information to non-financial people.
Before thinking about talking to vendors and analyzing the treasury management system (TMS) landscape to find the optimal solution, you should answer the question, “What am I trying to achieve?”
Jenifer Herdin, CTP, Director of International Treasury for Viacom Inc., explains why assembling teams of diverse people is highly beneficial for companies.
Corporate treasury professionals have received some more FBAR relief, as FinCEN has again extended the filing deadline.
With the increased adoption of cloud technologies, more responsibility of technology selection is shifting from IT professionals to FP&A teams.
How can finance embrace customized, local, artisanal consumer desires with the need for efficiency and ruthless price competition?
Will corporate tax reform cause corporates to substantially shake up their investment plans?
At long last, the United States has a real-time payments system. I really think—and hope—that this marks the beginning of a new era for payments in the United States. But if that’s truly going to happen, it will mean letting go of one constant in our payments system—the paper check.
Corporations have become more efficient in managing working capital over the past few decades. This is likely due to treasury reducing inefficiencies.
Wrapping up a big project requires more than just executing on a final deliverable.
Jean Furter, Vice President, Treasurer of Brocade Communications Systems, discusses how technology can bring treasury and FP&A closer together.
In the spirit of New Year’s resolutions, and tailored for the finance audience, my goals for 2018 of things to learn and do, one for each month.
Years of a criticism of budgeting doesn’t appear to have dented companies’ commitments to the budget process, a new AFP member survey has found.
In today’s world of doing more with less, using interim treasury resources can be a way of continuing to operate and achieve change initiatives.
Jeremiah Wise, Chief Financial Officer of the Indianapolis Museum of Art, discusses how his organization adopted a modified version of zero-based budgeting (ZBB) to accommodate multiple business units with vastly different outcome measures.
Hyundai Capital America introduced a global USD issuance strategy, which won it a 2017 AFP Pinnacle Award. The Pinnacle Awards are sponsored by Wells Fargo & Company.
A new guide, underwritten by Workiva, examines how FP&A can prepare for volatility, and react quickly when it occurs.
Nevine White, Executive in Residence for the Beyond Budgeting Roundtable North America, describes how implementing a rolling forecast requires a major cultural overhaul for most organizations.
It’s clear blockchain will have a significant influence on procurement and finance. The advantages of being able to streamline business processes, secure payments, and automate workloads shouldn’t be understated.
Tucked inside the new 2017 AFP FP&A Survey are four questions about the cost of capital (CoC). Like the survey itself, the questions strive to depart from the detail and calculation of CoC, and instead ask how CoC is being used on a daily basis by finance practitioners.
Jean Furter, Vice President, Treasurer for Brocade Communications Systems, explains why some treasury jobs could be phased out in the near future, and what practitioners need to do to prepare.
Bryan Lapidus, a contributing consultant to AFP, discusses AFP's new FP&A Survey, which looks at whether budgets are still relevant.
Saumya Mohan, Americas Region Treasurer for Tesla, explains why good cash forecasting largely depends on the people you have in place, rather than the systems that you use.
According to a new AFP Survey, nearly three quarters of FP&A professionals agree or strongly agree that the budget is a valuable tool.
NACHA is requesting comment on a proposal to expand Same Day ACH. One change would be an increase of the per-transaction limit to $100,000.
The new AFP Payments Guide, underwritten by MUFG Union Bank, aims to shed some light over the very complex nature of credit card payments.
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.
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.
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.
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).
FP&A professionals discuss the ways that they deliver bad news to senior leadership.
After the multitude of discussions I had with treasury professionals at AFP 2017 on payments, I walked away with three key takeaways.
Retail treasury professionals discussed handling cash during a retail industry roundtable at AFP 2017, sponsored by Fifth Third Bank.
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.