A leading practice in treasury management is to centralise operations into a treasury centre, and an in-house bank (IHB) is considered a best-in-class structure of a regional or global treasury function. However, only a small number of companies have adopted this structure. Here are four factors to successfully transform their existing treasury operations into a treasury centre.
NACHA has acquired the Business Payments Directory Association (BPDA), seeking to advance efforts to develop a B2B Directory that would provide corporate treasury professionals with extended remittance information.
Treasury job descriptions, from the Treasurer through Assistant Cash Manager, with suggested experience, job knowledge and skills outlined.
Emmanuel Caprais, Vice President—Strategic and Financial Planning for ITT Inc., will lead a session at AFP 2018 titled, “Free Up Cash: Manage Working Capital.” AFP recently spoke to Caprais about working capital management.
Blockchain technology and APIs are being combined to create a solution that aims to dramatically speed up and reduce the costs of settling intercompany transactions.
Kemmy Koh, Group CFO of Chinese Global Investors Group, also is founder and managing director of Kglow SkinLab. Koh spoke to AFP for the latest edition of CFO Interview Questions.
The ARRC and ISDA are looking for feedback from corporate end-users on how the transition away from Libor could impact them.
From real-time payments to application programming interfaces (APIs) to cutting edge cybersecurity solutions, payments is one of the most exciting aspects of treasury today. That’s why the Payments track at AFP 2018 is particularly focused on new technologies.
Pittsburgh-based PNC Bank has entered the real-time, cross-border payments arena by joining RippleNet.
Responding to a high demand from corporate end-users, NACHA is increasing the limit for Same Day ACH to $100,000.
Extreme weather events are happening more and more frequently. That’s why it is crucial for companies to have a strong business continuity plan in place.
Do you embrace ACH on the payables side, but not for receivables? Once you identify the problems, you can set out to find the solutions.
Philip Peck, Vice President, Finance Transformation and Advisory Services for Peloton Group, discusses Excel and why FP&A professionals still rely heavily on it. He weighs in on Excel’s greatest strengths—and some of its most glaring weaknesses.
BMC Software, OpenText and Uber Technologies were named finalists for AFP’s 2018 Pinnacle Award. Sponsored by MUFG, the Pinnacle Award, established in 1997, recognizes excellence in treasury and finance.
A corporate finance professional’s definition, formula and use of the cost of capital.
Corporate finance job descriptions, from the CFO through Financial Analyst, with suggested experience, job knowledge and skills outlined.
AFP recently hosted an “Ask me anything” chat with AFP 2018 featured speaker Nancy Giordano. A futurist who helps organizations strategically address technological shifts, Giordano will speak about reinventing leadership for the age of machine intelligence at AFP 2018.
AFP Aware, sponsored by BBVA Compass, is partnering with A Safe Haven Foundation, which provides services to Chicago-area residents struggling with homelessness, abuse and other issues.
AFP Jargon Watch is a new, occasional series to help finance professionals better understand the changing knowledge and definitions of the industry. In the latest installment of #AFPJargonWatch: Amara's Law.
NACHA is taking the next step in its push for API standardization with the launch of a new organization and three new APIs that could benefit treasury functions.
Finance professionals, how do you define financial planning and analysis (FP&A) and what does it mean to the organization as a whole?
Kirby Lunger discusses how using a cloud-based solution can improve modeling for financial planning and analysis (FP&A).
For corporate treasury departments that are desperate to rid themselves of correspondent banking, there are some key questions they should ask themselves as they weigh the different options available.
Craig Jeffery, CCM, Managing Partner, Strategic Treasurer, discusses how corporate treasury professionals are managing the increasing challenges of KYC requirements.
Chargebacks have surged in the United States following he transition to EMV chip cards. How does this compare to Europe, which has had EMV for years?
Philip Peck of Peloton Group, provides an inside view of the key themes discussed during a recent FP&A Roundtable.
There are several misperceptions that lead many corporate finance teams to avoid investing in machine learning. Machine learning for finance is applicable and accessible.
Steve Ledford, Senior Vice President, Product and Strategy of The Clearing House (TCH), discusses what the future holds for the Real Time Payments (RTP) service.
Members of the AFP 2018 Planning Task Force provide some helpful tips for first-time conference attendees.
The five reasons why treasurers need to implement an energy price risk management strategy.
Conrad Sheehan, Managing Director for Accenture, discusses the need for API standardization and how it applies to corporate treasury.
Jeff Altman, Executive Director, Finance Leadership Development for Verizon, gives his thoughts on changes to FP&A brought about by new technology and data.
Julie Fergerson of Ethoca, discusses how fraud has evolved since the early days of the Merchant Risk Council, as well as the threat that "friendly" fraud poses to merchants.
AFP's new Payments Guide, underwritten by MUFG Union Bank, takes an in-depth look at new cross-border payments systems.
Risk is a necessary evil that treasury and finance executives have to deal with in today’s complex and highly-integrated world. But risk management need not be expensive.
The FP&A track at AFP 2018 aims to ensure that all FP&A professionals who attend the event will come away fulfilled and ready to tackle any new challenges that come their way.
Sarah Schaus, Assistant Treasurer and AVP for Allianz Life Insurance Company, provides some key tips on preparing an RFP for treasury management system providers.
Jim Colassano of The Clearing House, provides an in-depth look at the Real Time Payments (RTP) system, and discusses use cases for corporate treasurers.
About three years ago, the treasury department at New York University decided to move from Excel to a treasury management system.
Klint Walker of the Department of Homeland Security discusses the top cyber and fraud threats of today, including ransomware attacks and business email compromise (BEC) scams.