FP&A professionals can practically read numbers with their eyes closed, but do the numbers really speak when they present them in meetings? Can FP&A staff explain the story to non-financial audiences?
Calling cybersecurity “asymmetrical warfare,” the former Chief Technology Officer of the United States, who spoke Thursday at the CTC Corporate Treasurers Forum, stressed the need for standards for cyber insurance products to improve their quality and value.
The latest data shows companies shifted more excess cash into corporate bonds for the fifth straight month in April, to a new record of 47.95 percent of total investment.
This month, we review the results of the 2015 AFP Compensation Survey. The survey found that for the second year in a row, treasury and finance professionals experienced have seen an increase in pay.
Recently on AFP’s discussion list corporate treasury and finance professionals discussed the effectiveness of ACH enrollment methods.
One of the biggest challenges facing corporate treasurers today is how to respond to the mass of proposed and new regulations around the world. The new CTC Guide, Effective Compliance with Global Regulations, supported by Thomson Reuters, is designed to help treasurers determine when and how best to respond to a range of current and planned regulatory changes.
Business executives know that they should tap into the power of advanced data analysis and data visualization. For financial planning and analysis (FP&A) professionals, accomplishing this is no easy task.
The implementation of ISO 20022 has not been without some turbulence. Nevertheless, the standard will help to simplify international payments, and corporations can benefit greatly from it.
Among the many challenges financial planning and analysis (FP&A) professionals face, talent acquisition and retention is likely the sharpest of double-edged swords.
This month saw NACHA’s voting membership approve Same Day ACH. Corporate treasurers have shown overwhelming support for the initiative, viewing it as a positive step toward modernizing payments in the United States. Nevertheless, it brings with it some risks.
Corporate treasurers have a wide variety of services at their disposal to cut down on payments fraud. But if they don’t use them, they could be on the hook.
In the latest video from AFP's In-Depth series, Anna Akbari, a sociologist and entrepreneur, discusses the best ways to use social media to help land a new job. A prominent thought leader, she is frequently called on as an expert.
NACHA announced that the financial institutions that comprise its voting membership have approved Same Day ACH. The new rule enables a ubiquitous same-day capability for virtually any ACH transaction.
Many executives are focusing on identifying, developing and retaining their high-potential staff (HIPOs) to fill future leadership gaps. But to effectively develop the HIPOs of today into the leaders of tomorrow, treasury and finance leaders need to avoid pitfalls in three areas.
While Basel III is aimed at banks, it will have a much more significant impact on companies than its predecessors. Therefore, corporate treasurers would be wise to begin preparing now.
Treasury and finance departments are all-too-familiar with cyberattacks that strike their organization’s website, or steal data. But a new kind of cyberattack on its way is even more disturbing, warns one expert.
Treasury and finance executives of multinational corporations need to pay attention to a regulatory initiative that could dramatically alter international lending and taxation.
Businesses are spending unprecedented amounts of cash on cybersecurity. But if that money is solely going to cybercrime prevention, then the hackers have likely already won, argues Josh Goldfarb, chief security strategist, enterprise forensics for FireEye.
The New York Department of Financial Services, arguably the most influential state financial regulator in the nation, intends to propose cybersecurity regulations for banks and insurance companies before the end of the year, and the implications for corporate treasury and finance likely are profound.
With implementation of ISO 20022 in the United States drawing closer, treasury and finance professionals who want to sharpen their knowledge of the standard should tune in for one of two upcoming webinars being offered by the Federal Reserve.
Corporate treasurers whose companies handle customer data need to take steps to keep themselves from ending up in a situation like Target.
AFP’s Payments Security Guide features key suggestions from the FBI Cyber Division on how treasury and finance professionals can shore up payments security.
When one of the world’s fastest growing airlines hosts a meeting to discuss financial planning and analysis, FP&A professionals are sure to attend. That’s what happened last month at an Etihad/AFP event in Abu Dhabi, UAE.
In an interview with AFP, Barbara Quiroga, director of cash operations for Delta Air Lines, discussed how looming money market fund (MMF) regulations may affect cash management at her organization.
NACHA’s same-day ACH initiative, which would feature three settlement windows per day, looks likely to be approved. However, when you increase the speed at which ACH payments are processed, the risk for fraud also increases.
In the latest video from AFP's In-Depth series, Sassan Parandeh, CTP, global treasurer of ChildFund International, discusses what he would tell treasury and finance executives who are skeptical about mobile payments for businesses.
In the latest issue of FP&A, AFP President and CEO Jim Kaitz and The Silicon Guild Co-Founder Peter Sims explain the importance of embracing "little bets". Elsewhere, a look at how an insurance and reinsurance broker maintains a short budgeting cycle, and ways to solve five common FP&A problems.
Today’s treasury and finance professionals can’t help their organizations succeed using the tools and approaches from a bygone era. They need to create a climate for innovation. When leaders learn to be innovative themselves, they cultivate innovation in others.
The EMV liability shift is coming in October 2015, but don’t expect the entire retail community to be EMV-ready by then. In fact, one research firm doesn’t expect them to be ready until the end of the decade—and for good reason.
As participants, and sometimes chairs of their companies’ 401K investment committees, treasurers faced a tough choice late last year when PIMCO founder Bill Gross left to join rival Janus.
How FP&A is Improving Analytics, the latest in AFP’s FP&A Guide Series, provides finance professionals with expert advice and real-world insights on how FP&A can get the most out of analytics to help drive strategic decision-making.
Corporate treasurers play a greater strategic role compared to five years ago, and that trend is expected to continue. With this in mind, Zanders and AFP's Corporate Treasurers Council have partnered on a new whitepaper that explores how to unlock the value of treasury and turn treasury insight into business impact.
Although remittance processing probably does not leave you lying on the psychiatrist’s couch, weeping with frustration, the stress of processing remittance information straight-through is likely a familiar sentiment.
Companies with ambitious goals for revenue growth understand that they need to enhance their financial planning and analysis (FP&A) resources and capabilities. The trouble is, so far, they haven't made adequate investments in talent.
In a recent series of roundtables held by the Corporate Treasurers Council, many treasurers in attendance reported that they are reviewing their hedging approach as well as their investment policies given the negative interest rates in Europe and the low returns in the U.S.
Cooper, Gay, Swett & Crawford, an international insurance and reinsurance broker, uses standard templates and a clear timeline to ensure the budgeting process doesn’t drag on in multiple iterations and FP&A can complete it in time for the board meeting in December.
The upcoming CTC Corporate Treasurers Forum will focus on treasury in the information age, and will feature keynote speech by Aneesh Chopra, the first Chief Technology Officer of the United States. Chopra recently spoke with AFP to discuss his upcoming session and his past experiences.
The Merchant Customer Exchange (MCX) just saw one of its marquee merchants defect to Apple Pay and its CEO resign. Is this the beginning of the end for the merchant consortium, or just a bump in the road? Here are some key points for retail treasurers to consider.
Following an outpouring of pressure from the private sector, FASB and IASB appear to be giving businesses and extra year to adopt new revenue recognition standards. A deferral would be music to the ears of many corporate treasurers.
Authentic leaders don’t rely on doing what comes naturally. Treasury and finance professionals who want to be authentic leaders must change how they talk and listen, depending on the situation and the person they are interacting with.