Hilton Worldwide outscored stiff competition to win AFP’s 2015 Pinnacle Grand Prize. The hospitality giant’s treasury team transformed a static view of multiple business units and regional forecasts into an agile, simplified liquidity forecast.
If you are seeking a new treasury or finance position, instead of conducting a job search from the perspective of a seller, approach the problem from the perspective of the buyer—i.e., the hiring authority.
The latest issue of AFP Payments provides insights on how to stop business email compromise (BEC) scams before they start.
Nearly 80 percent of companies say they’re either practicing or planning to implement a driver-based modeling approach as part of their forecasting and planning process.
Ferdinand Jahnel, CTP, vice president, treasurer for Marsh & McLennan Companies Inc., and a member of AFP’s Board of Directors, discusses his new treasury position and the current challenges he’s facing.
The current climate of uncertainty about the future course of economies and markets is adding to the difficulties confronting corporate treasuries.
Michel Bekkers, Senior Vice President, Group Treasurer of adidas AG, discusses the biggest risks to business modeling entering a new country and why treasury is best to connect strategy and risk.
The Federal Reserve’s initiative to speed up the U.S. payments system has been a hot topic all year long. But if corporate treasurers truly want their concerns to be heard, then they need to join the conversation.
The new CTC Guide focuses on techniques that can improve the use of liquidity across a multinational organization. It examines the core liquidity management techniques of netting and pooling and identifies how to determine their appropriate use.
The New York State Attorney General's decision that Peabody Energy should have given its investors better forecasting data on how climate change would affect its sales may have implications for FP&A.
Multinational corporations and their treasury and finance staff cannot afford to ignore the risks that ISIS presents, experts warn.
At the SAP Conference for Financial Planning, Consolidation and Control, I co-led a four-hour workshop on best practices in financial planning and analysis. Not surprisingly, the topic that drew the longest and most vibrant conversation was talent management.
AFP is relaunching its CTP Exam Prep Blog to help treasury professionals prepare to take this challenging exam. Aspiring Certified Treasury Professionals will find posts by practitioners who have recently earned the CTP, as well as candidates currently studying for the exam, academics who regularly teach CTP courses, and others.
Financial executives expect greater risk and volatility in the next three years. This quick-shifting environment is not getting any better, which affects all aspects of forecasting, budgeting and planning.
In the latest Risk newsletter, we review the results of an on-site survey taken at the 2015 AFP Annual Conference. According the survey, risk and cybersecurity top treasury and finance professionals’ list of concerns.
It’s never too early—or too late—to educate people about safer online behavior. The world is more interconnected today than ever before, and with more connectivity comes more responsibility. Government, private industry, educators, law enforcement and you are needed to make the internet safer and more secure.
In the not-too-distant future, finance departments will be comprised primarily of non-finance staff.
With FP&A handling more and richer data, the onus is on practitioners to pick and choose the right information and present it in the right way to senior management.
Business email compromise (BEC) scams have become the top fraud threat to treasury and finance professionals. In a series of interviews for an upcoming AFP Treasury in Practice Guide, security experts provided insights on how corporate practitioners can stop BEC scams before they start.
One important and well-used product in Shell’s cash investment suite has been tri-party repo.
When financial professionals put spreadsheets or tables of numbers on slides in their presentations, they have instantly put themselves at a disadvantage when it comes to communicating effectively to most audiences.
In the latest FP&A newsletter, we look back at some of the best moments of the financial planning analysis (FP&A) track at the 2015 AFP Annual Conference.
Is bitcoin back? With its value climbing and continued interest in the blockchain, the controversial virtual currency once again appears to be the talk of the payments world—and corporate treasurers are taking notice.
With the prospects of higher interest rates and Basel III regulations around the corner, more banks are encouraging their corporate clients to renegotiate their credit facilities.
Saif Ashraf, treasury manager at Google, discusses why treasury should provide risk management support, what treasurers should be most concerned about in the future and what will affect the investments.
At beer giant Molson Coors, the biggest challenge the financial planning and analysis team faces is understanding how information can be used to influence change, noted Christine Watkins, vice president of FP&A.
A new corporate tax initiative by the world’s leading economies will significantly impact multinational corporations, likely forcing their treasury departments to re-think their firm’s finance structure in the process.
According to a new report, a powerful strain of ransomware called CryptoWall has wreaked more than $325 million in damages on “hundreds of thousands” of victims all over the world.
The new proposed budget includes further increases to PBGC premiums. PBGC flat rate premiums, already set to rise to $64 per participant by 2016, will jump to $78 in 2019.
The role of the chief information security officer (CISO) is to assess and manage security risk. That makes it important that the CISO and the CFO work well together.
Many large corporations have realized significant value setting aside strategic cash to make it available as working capital to their suppliers in return for a small discount on approved invoices.
This month's edition of Futures in Finance provides some clues as to how you can become a high-performance treasurer.
FP&A professionals must possess the interpersonal skills to communicate effectively with nonfinancial peers and speak their language.
Negative benchmark rates in Europe, combined with the impact of 30-day liquidity coverage ratio rules for banks under Basel III and changes to money market fund (MMF) regulations, have created a trifecta of challenges to traditional cash and liquidity management.
Sassan Parandeh, CTP, Global Treasurer for ChildFund International, discusses the struggle treasurers are facing as they attempt to comply with their banks' know your customer (KYC) requirements.
Over 70 percent of finance executives say financial planning and analysis (FP&A) positions are the hardest to fill. What makes this such a difficult time to find FP&A professionals?
China's growth will have negative repercussions on American companies. Treasury and finance professionals with American firms need to plan for this now, according to geopolitical risk expert Ian Bremmer.
More and more, companies are relying on driver-based models to improve their planning and forecasting processes and provide management with better decision-making intelligence.
Rapid Ratings works with dozens of Fortune 500 companies to manage supply chain risk and credit risk of customers. In this exclusive interview, Rapid Ratings President and CEO James Gellert provides his thoughts on topline risk.
American businesses remained cautious deploying cash in third quarter 2015, but aren’t building their holdings as much as they indicated they would last quarter, according to the latest AFP Corporate Cash Indicators®, underwritten by Capital One Bank.