AFP 2021 FP&A Keynote Speaker, Vikram Mansharamani, says that today’s challenges are more akin to mysteries rather than puzzles, and that a generalist approach can navigate uncertainty better than specialists.
This month we spoke with Johan Van Zyl, FPAC, senior vice president of Data and Process Automation and director of the Center of Excellence for Marsh & McLennan.
At AFP 2021, treasury and finance professionals took part in engaging industry roundtables that discussed challenges they are facing along with potential solutions. The industry roundtables, sponsored by Fifth Third Bank, each focused on a different sector: banking, government, insurance, manufacturing, retail, utilities and health services.
Professor Philip Tetlock of the University of Pennsylvania led a team of Good Judgement forecasters in a government-sponsored forecasting competition, and handily beat the skilled analysts of the defense intelligence community who had access to classified data, university researchers, and various other teams. Oddly, Tetlocks forecasters were not savants, did not have deep technical expertise or experience in the fields of their forecast. What they did have, however, were various traits that helped them to eliminate biases and produce better results than most people in the crowd.
AFP recently caught up with Delvin Chen, CTP, treasury director at General Electric in Singapore, to discuss his decision to earn the CTP, and how it has affected his life and career journey.
What do leading organizations do that's different from the rest? AFP took up this question in the FinNext Asia session entitled, “The Roadmap for FP&A Transformation.”
Sustainable financing needs to be adopted by organizations all over the world. Even though numerous companies are working towards sustainable financing, there is still a long way to go. An AFP webinar, “ESG: The New Differentiator,” aimed to give attendees insights into the many innovations present to help them move towards sustainable financing.
A global symbol of excellence, the FPAC designation establishes a set of core competencies for the corporate FP&A profession. AFP caught up with Adrien Hebert, FPAC, operations specialist at Appian in Australia, to discuss his decision to earn the FPAC, and how it has affected his life and career journey.
Health Care Service Corporation (HCSC) was awarded the Association for Financial Professionals (AFP) 2021 Pinnacle Grand Prize for excellence in treasury and finance. The Pinnacle Grand Prize, sponsored by MUFG (Mitsubishi UFJ Financial Group NYSE: MUFG), was presented Sunday during AFP 2021 in Washington, DC.
A global symbol of excellence, the Certified Treasury Professional (CTP) designation sets the standard in the treasury profession. AFP caught up with Anthony Ang, CTP, group treasury and insurance assistant manager at SATS Ltd., to discuss his decision to earn the CTP, and how it has affected his life and career journey.
AFP and the American Red Cross are excited to announce a unique mentoring opportunity for finance and treasury community.
Ever wondered what a full day consists of for an FP&A manager? What do they work on, and who are the key players they meet with? AFP’s Bryan Lapidus, FPAC, caught up with Claire Lu, FP&A manager at Hologic in Australia, to discuss a typical day in the life of an FP&A manager.
While most people don’t think too deeply about money and how it works, from the way we spend our days working to earn it, to the way we acquire everything we own by spending it, money is the catalyst that drives the entire world.
A global symbol of excellence, the FPAC designation establishes a set of core competencies for the corporate FP&A profession and addresses areas that are not necessarily covered by traditional accounting degrees. AFP caught up with Junn Nguyen, FPAC, senior financial analyst at Illumina in Singapore, to discuss his decision to earn the FPAC, and how it has affected his life and career journey.
One of many lessons that companies have learned throughout the coronavirus pandemic is the importance of the health and well-being of their people. Now, as organizations around the world emerge from the crisis caused by the coronavirus pandemic, managing people effectively is key in withstanding future crises.
A global symbol of excellence, the Certified Treasury Professional (CTP) designation sets the standard in the treasury profession. AFP recently caught up with Pulat Yunusmetov, CTP, treasury manager at Danone, to discuss his decision to earn the CTP, and how it has affected his life and career journey.
What type of finance organization do you want to be? Moving from a control-focused to a value-focused finance function starts with a vision of what is possible. Last month, the APAC FP&A Advisory Council held a discussion around this topic and explained how their organizations function through both a control- and value-focused lens.
Finance’s response to unpredictability is to be prepared for everything by holding multiple points of view simultaneously. But how can you act on that and build into your finance toolkit?
As companies continue to navigate through times of uncertainty, executives need to keep their skills sharp to lead at the best of their ability. That is why the AFP 2021 Executive Institute, sponsored by PNC Bank, is designed to help senior-level financial professionals find a renewed sense of purpose and learn brand-new ideas that might transform their organizations.
The coronavirus pandemic accelerated the momentum toward a digital-first strategy as companies sought to stay competitive and relevant. But what exactly does that mean? In part three of a series of articles based on the discussion, we bring you the perspective and experience of Veikko Koski, CEO of FinanceKey.
A global symbol of excellence, the Certified Treasury Professional (CTP) designation sets the standard in the treasury profession. AFP recently caught up with Shankar Ramaswamy, CTP, treasury business partner at a global travel firm in India, to discuss his decision to earn the CTP, and how it has affected his life and career journey.
The Association for Financial Professionals (AFP) and Smart Train have announced a formal partnership to offer exam preparation courses for finance professionals based in Vietnam. The courses will equip financial professionals with the tools they need to earn the Certified Treasury Professional (CTP) certification.
Last year, AFP formed its APAC FP&A Advisory Council (FPAAC). Bryan Lapidus, FPAC, director of FP&A Practice at AFP, is profiling individual members of the council every month. This month, he spoke with Cecile Francais, head of FP&A at Cartier China.
Bechtel, Health Care Service Corporation (HCSC) and Micron are finalists for the AFP 2021 Pinnacle Award. Sponsored by MUFG (Mitsubishi UFJ Financial Group NYSE: MUFG), the Pinnacle Award was established in 1997 to recognize excellence in treasury and finance. Finalists were selected by a jury of treasury and finance professional peers. Decisions were based on innovative solutions that progress the efficiency and effectiveness of their organization’s treasury and financial operations.
The AFP Momentum Index survey was developed by members of the AFP FP&A Advisory Council, finance practitioners representing various industries and companies. It is administered by the Research Department of AFP, and the data is from a survey of independent FP&A practitioners. The Index has a single composite score based on three individual sub-scores that will be tracked over time.
A global symbol of excellence, the Certified Treasury Professional (CTP) designation sets the standard in the treasury profession. AFP recently caught up with Siddhant Jain, CTP, treasury analyst at Moody’s Corporation in India, to discuss his decision to earn the CTP, and how it has affected his life and career journey.
In a recent episode of the AFP Conversations podcast, AFP President and CEO Jim Kaitz spoke with Dennis Carey, vice chairman of Korn Ferry. Kaitz and Carey discuss how, as companies focus on seizing new opportunities and adapting to the constantly changing environment, they must build on employees’ talent to remain competitive.
AFP and LeanUp, LLC (LeanUp) have reached an agreement that will allow both organizations to more fully serve the needs of the corporate treasury profession. Through this alliance, new and renewing members of LeanUp communities will become members of AFP, and AFP members will be offered a substantial first-year discount to join LeanUp communities.
AFP and NOESIS have announced a formal partnership to offer exam preparation courses for treasury and finance professionals based in Singapore and Malaysia. The courses will equip financial professionals with the tools they need to earn the CTP and the FPAC certifications.
“Digital finance is about a mindset and awareness of data and how we use it to make better business decisions.” At the AFP FinNext Asia session, “Enabling Digital Finance,” Lance Rubin, CEO of Model Citizn, and Giles Male, co-founder of Full Stack Modeller, presented a paradigm for harnessing your technology stack in service of finance goals.
In part two of a series of articles based on AFP's “Digitalization or Transformation" webinar, we bring you the perspective and experience of Nitin Jain, head of Treasury and Capital Markets at Agrocorp International Pte Ltd.
Are virtual accounts right for my business? How do virtual accounts work in X situation or Y environment? Tom Hunt, CTP, AFP director of Treasury Services, sat down with Rajiv Yadlapalli, head of North American Liquidity Product Solutions Specialists at J.P. Morgan, to get answers to these questions — and more — in a recent webinar.
Last year, AFP announced the formation of its APAC FP&A Advisory Council (FPAAC). We’ll be profiling individual members of the council every month. This month we spoke with Kevin Wong, director of Finance, APAC at Blue Bottle Coffee.
The coronavirus pandemic accelerated the momentum toward a digital-first strategy as companies look to stay competitive and relevant in the current environment. But what exactly does that mean?
Cash flow is the lifeblood of every business and helps drive the decision-making processes of most companies. Without the timely receipt of cash, there can be a shortage of liquidity, a slowing growth or even the threat of insolvency. To accelerate the inflow of cash, companies have placed a great deal of emphasis on improving their cash collections’ processes. Inbound customer payments may be handled on a local, regional or even global level depending on a variety of factors including type of industry, geography, or a company’s operational setup.
AFP recently hosted a virtual roundtable to discuss how finance professionals are handling payments fraud. Moderated by AFP Director of Treasury Services Tom Hunt, CTP, participants shared what they’re seeing, how they’re handling it, and how the coronavirus pandemic changed things.
Unpredictability is not an exception to the planning process; it is inherent to the planning process itself. Scenario planning — the ideation and analysis of possible future outcomes — stretches the organizational mindset for the possibility of multiple future outcomes.
On top of the myriad important considerations that non-financial corporates have to take into consideration when negotiating with their banks on loans, management teams are now going through a once in a lifetime transition from primarily the LIBOR-based markets to alternative reference rates. While it can be challenging to understand the implications of agreeing to certain new rates, there are some core considerations that can help simplify the process.
A global symbol of excellence, the Certified Treasury Professional (CTP) designation sets the standard in the treasury profession. AFP recently caught up with Lee-Ann Perkins, CTP, assistant treasurer at Specialized Bicycle Components, to discuss her decision to earn the CTP, and how it has affected her life and career journey.
Unclaimed property is becoming a bigger problem for more companies. State authorities are becoming more active in chasing non-compliance, with the emergence of third-party audit firms that are paid on results. Given compliance is required, what is the best way to achieve it?