When negotiating a debt deal, treasurers need to give covenants their full attention. Glossing over them can have disastrous results.
Retail treasurers have been waiting for years for a breakthrough in mobile payments. With cutting-edge security, support from big banks and retailers, and millions of consumers ready to buy the new iPhone when it launches September 19, Apple Pay just might be that solution.
When establishing treasury operations in a new emerging market, the responsibilities are generally the same. But the peculiarities of a different market can make these tasks more complex, and a new CTC Guide, sponsored by Reval, looks at why.
The Home Depot breach involved all of the home improvement retailer’s U.S. and Canadian stores. With new breaches discovered nearly every week, retailers need to shore up customer data—now.
Last week U.S. regulators finalized a new liquidity rule that aims to keep banks from running out of money when a crisis hits. But could these new rules hurt corporate-bank relationships in the long run?
This was a week where the difference between relative strength and absolute strength was neatly framed. News out of North America highlighted the fact that on an absolute basis, the U.S. economy while positive is rather milquetoast. But relative to Europe, the U.S. economy is a roaring tiger.
Experts are split on whether new U.S. and U.N. sanctions in Iraq will have much of an effect on treasury and finance departments -- or even if more sanctions are on the way.
The Merchant Customer Exchange (MCX) has finally unveiled its payment network. With so many retailers on board, could this mobile payments solution rival Apple Pay?
In the wake of the Walgreens forecasting debacle, FP&A newsletter asked seven financial planning and analysis professionals to share their advice on what they learned from the episode.
It was recently disclosed that Walgreens made a $1 billion forecasting error, costing the chief financial officer his job. In response, six finance professionals offered their lessons learned.
JPMorgan and four other banks were hit in a coordinated attack against major financial institutions. But the overall significance of the attack and the motives of the hackers themselves are still in question. So it might not be time to hit the panic button just yet.
A big challenge for any treasury or finance professional is the process of transitioning from an individual contributor to a leader. Darren McCallon, vice president of finance and treasurer of TrueBlue, looks back on his career and provides some advice.
In Europe, interest rates touched historical lows across a number of countries. This yield action was supported by the double whammy of expected slower economic growth and the uncertainty caused by the political and military unrest in eastern Ukraine.
Fueled by loads of cash and low borrowing rates, companies are starting to make up for time lost from the 2008 recession and opening their wallets for capital expenditures.
Escalating tensions in the Ukraine and fears that Russia might cut off gas supplies to Europe are creating an ever more difficult environment for multinationals with operations or partnerships in the region.
This month, we have an interview with career and leadership coach Vivian James Rigney, who is speaking at the CTC Executive Institute at the 2014 AFP Annual Conference. We also have interviews with Ori Brafman, bestselling author, and Juan Arangote, FP&A of the Greater Toronto Airports Authority, who are each speaking at the conference.
NACHA has approved two new amendments to its operating rules to improve automated clearinghouse network quality by reducing the incidence of ACH transactions that result in exceptions and returns.
With a strong majority of corporate finance functions currently undertaking some significant change initiative, it is critical to understand what makes two out of three of these efforts fail to meet their own stated objectives.
Thanks to a warning about a highly dangerous malware that affects retailers at the point of sale, UPS discovered that some of its systems had been infected and has since eliminated the threat. Nevertheless, retailers aren’t out of the water yet—and it’s time for treasurers to take action. More than 1,000 U.S. businesses are now believed to have been affected by Backoff malware.
Though bitcoin is known predominantly as a currency and payment method, the blockchain technology behind it has the potential to be a disruptive force to the financial system, according to a new report from research and consulting firm Celent.
At the recent CTC Corporate Treasurers Forum in Chicago, Kelly Timmer, assistant treasurer, Wolverine Worldwide, discussed assuming the treasury role at a time when the profession was undergoing significant changes and becoming more strategic.
This week can pretty much be summed up as a “risk-on” week. Be it equities or high-yield debt, the general feeling of the market was one of searching for yield.
Attendees of the CTC Executive Institute at the 2014 AFP Annual Conference in November will have the opportunity to hear from one of today’s leading career motivators—Vivian James Rigney, career and leadership coach. Originally from Ireland and based in New York City, Rigney works primarily with clients in treasury and finance.
Recently on AFP’s discussion list corporate treasury and finance professionals discussed validating the accuracy of vendors’ W-9 forms.
A number of recent articles have indicated an uptick in both turnover and tenure at the chief financial officer level. At first glance, this might support the theory that with today’s technology and enough research, you can find something to support any belief you hold. However, in this particular case, there might be some truth to these seemingly conflicting trends—because maybe they aren’t so different after all.
This month, we lead off with an analysis of the recent Hold Security report, which sent the media into frenzy over its claims that Russian hackers stole more than a billion usernames and passwords. We speak with several security experts who are very skeptical about the accuracy of this report. Also this month, Christopher Cheniae of U.S. Foods explains how his company implemented a mobile solution to eliminate its check-related challenges, POS malware continues to wreak havoc on the retail industry, and more.
Juan Arangote, FP&A, CPA, CMA, Manager of Financial Planning & Analysis for the Greater Toronto Airports Authority, discusses preparing for the Certified Corporate FP&A Professional exam, as well as why earning the certification is a smart career move for FP&A professionals.
Supervalu, a Fortune 500 grocery retailer, revealed last Friday that it had incurred a security breach. At least one security expert believes that “millions” of credit and debit cards may have been compromised.
The FP&A professionals of the future won’t be in the business of providing just numbers. They’ll be giving clients—internal and external—information that matters to them, solves problems, and helps them make critical decisions to increase profits.
The second installment in the 2014 AFP Treasury in Practice series focuses on bank account reconciliation. Underwritten by KeyBank, the guide provides best practices and examples of how companies reconcile their bank accounts on a daily basis to ensure accuracy, quickly identify exceptions and prevent fraud.
Welcome to August, usually an uneventful time of the year, but in our current “Black Swan Times”, anything and everything can happen. While we are dealing with unrest in Gaza and Ukraine, bond defaults in Argentina, and challenging times in places like Missouri, the market continues to behave in an orderly manner.
Attendees of the 2014 AFP Annual Conference in Washington, D.C. will receive a new perspective on business from New York Times bestselling author Ori Brafman. In his session, Brafman, author of “The Chaos Imperative,” will discuss how even the best and most efficient organizations can benefit from allowing a little disruption.
Software provider Hanse Orga announced Friday that it has been licensed to integrate the AFP Service Codes© within its FinanceSuite eBAM (electronic Bank Account Management) solution. The AFP Service Codes© are the global standard for analyzing and comparing the services and fees that are included in the account analysis statements which companies receive from their banks.
Recent regulatory developments relevant to treasury and finance professionals are reviewed in the AFP Reg Report. In this issue: money market fund reform, derivative end-user protections, corporate tax reform, virtual currency regulation, and more.
Cutting interest rates during recessions is the standard policy tool the Federal Reserve uses to resuscitate a weak economy, and it signals that policy officials are working to improve economic conditions. But could an easy Fed policy overstay its welcome?
As Democrats and Republicans in Congress square off over corporate taxation, treasury and finance professionals find themselves stuck in the middle of this political battle -- again.
Are treasurers facing difficulty communicating their role to the CFO? At the recent CTC Corporate Treasurers Forum, Steve Overholser, CTP, CPA, CFO & Treasurer for Great Clips, Inc., discussed whether CFOs truly understand the treasurer’s role and ways that both parties can get on the same page.
In this issue we take a closer look at the new money market fund regulations, and why risk managers should worry. Also, treasury and finance professionals tell how they are managing interest rate risk in a rising rate environment.
TheAtlantic.com, the website for one of America’s most respected magazines, published an article titled “Why All of the U.S. Treasurers Since 1949 Have Been Women.” The article drew some troubling conclusions, prompting AFP President and CEO Jim Kaitz to write a letter in response.
AFP has been fielding questions from reporters on when corporate America might begin to spend the huge cash piles that have accumulated in recent years. In addition to economic shifts, attitudes toward global risk and changes in business outlook, there's another factor that might influence cash spend, and some say it is simply the people involved in decision making.