Latest Cash Management Articles
The optimisation of your foreign exchange (FX) hedges poses several challenging decisions, but when your exposures are denominated in a commodity currency - such as the Australian dollar, Canadian dollar, New Zealand dollar, Norwegian krone, South African rand, Russian ruble, Brazilian real or Chilean peso - there are additional factors to consider.
Optimising working capital by putting a squeeze on smaller suppliers was deployed by many large corporates before the global financial crisis hit. However, more recently companies and their treasury departments have come to recognise the pitfalls of such an approach and instead are seeking means to fund the smaller operators that they depend on.
Accounts payable (AP) practices focused on the manual processing of paper invoices creates a reactive department with roles defined by data entry, fixing invoice errors, and answering vendor phone calls about payment status. By creating new ways to collaborate with suppliers, business networks are helping to reshape the AP function.
The second meeting of the Geneva Financial Planning and Analysis (FP&A) Club on 8 October focused on rolling forecasts. FP&A professionals from organisations in the Swiss city and surrounding areas were presented with key factors to ensure successful implementation of these tools.