Concerns over festering trade wars and rising geopolitical concerns convinced treasury and finance executives to return to cash accumulation, according to the latest AFP Corporate Cash Indicators®.
With the role of accounts payable expanding, it is critical to improve its efficiency. One means of achieving this is through automation of the invoice process.
Though it may seem unlikely that some companies still use entirely paper-based systems to conduct their AP processes, this is still the case for some smaller businesses, especially in developing countries. Even with a paper-based system, controls are needed to ensure that it operates properly.
The AFP Treasury Advisory Group recently held discussions on Foreign Bank Account Reporting (FBAR) with representatives of the Financial Crimes Enforcement Network (FinCEN) and the IRS.
Theresa Y. Kananen, Partner with Arnall Golden Gregory LLP, provides retailers with some insights on the challenges around surcharging.
Micheal Reitblat, CEO of Forter, explains how card fraud as evolved since the Target breach and the implementation of EMV technology in the United States.
To manage short-term volatility, FP&A practitioners often have a principled response: follow the core attributes of your company. At FinNext in San Francisco, a panel of experts discussed how market changes can up-end their operations, and how they navigate their teams through the ensuing volatility.
Magnus Carlsson, AFP's Manager of Treasury and Payments discusses how the 2018 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, revealed an increase in account takeovers.
Scott Talbott, SVP of Government Affairs for the Electronic Transactions Association, discusses how proposed tariffs on point-of-sale (POS) terminals imported from China will negatively impact retailers and the payments industry.
FP&A professionals must learn to balance both science and art when building a financial model and understand when which approach is more applicable to a particular use case.
Blockchain proponents believe the technology has broad applications for treasury and finance. But could it solve know-your-customer (KYC) compliance?
Monica Eaton-Cardone, Co-Founder and Chief Operating Officer of Chargebacks911, discusses new systems from Visa and MasterCard that are intended to streamline the timely and costly chargeback process for merchants.
Micheal Reitblat, CEO of Forter, explains how artificial intelligence (AI) has expanded in recent years and how it can be used to commit or combat payments fraud.
Five years after the Target data breach, massive hacks continue to plague retailers—and more importantly, their customers.
Treasury and finance professionals worry about customer data being stolen by criminals. But what would happen if customers’ biometric data, such as DNA, used to access their accounts was compromised?
Steve Mott, CEO of BetterBuyDesign, provides an insider's view of both the Federal Reserve's Secure Payments Task Force and its Faster Payments Task Force.
AFP 2018 is all about breaking out of your regular routine. That’s why we’re introducing a number of new features this year, while expanding upon others.
Manual FBAR reporting is a time-consuming and detail-driven process that can take several weeks to months. As a result, many corporate treasury departments are implementing BAM or eBAM systems to automate the process of gathering, validating, and reporting data for FBAR.
Jonathan Crane, FP&A, Senior Manager, FP&A for Hamilton Company, explains how using PowerPivot and Power BI can enhance the capabilities of Microsoft Excel.
Caitlin Sinclair of Thomson Reuters weighs in on whether its should be banks or regulators who oversee a centralized know-your-customer (KYC) utility.
In a low interest rate environment, the opportunity cost of idle cash seems low, but the benefit of a capital redeployment from moving operating cash for investment purposes often is overlooked.
It’s extremely difficult to stop money leaks in a paper-based or even a partially automated system. Reducing these losses should be part of any business case for AP automation.
When I first saw the results from the 2016 AFP Electronic Payments Survey I was really surprised to find out that that the former decline in check use for B2B transactions had leveled off at around the 50 percent mark. Has check processing really come to a point where it is not as cumbersome as one may think?
A majority of respondents to a recent AFP survey cite cash management and forecasting as key areas of focus for their treasury departments over the next three years.
The 2018 AFP Payments Fraud Survey, underwritten by J.P. Morgan, revealed that payments fraud reached a new high in 2017 after a downswing earlier in the decade.
A new FP&A guide, underwritten by Vena Solutions, examines the spectrum of ways to apply Excel, including recent advances, add-ins and third-party offerings.
Adopting a consulting mindset can help FP&A be better at business partnering.
A number of factors drive a company’s decision to refinance its credit facility. With interest rates on the rise, what considerations are important to CFOs and treasurers?
Laurens Tijdhof, partner at Zanders, is leading a discussion at BreakThrough Treasury and Finance on how fintech has the power to revolutionize and disrupt treasury teams.
Uncle Sam wants you to consider five key takeaways when thinking about implementing blockchain.
“Information... wants to be scarce and expensive.” This provocative quote has profound implications for FP&A—particularly as it relates to marketing.
Emmanuel Caprais, Vice President, Strategic and Financial Planning and Analysis for ITT, discussed the process of putting together the FP&A track for AFP 2018.
In an interview at the AFP 2018 Planning Task Force meeting, Saumya Mohan, Americas Region Treasurer for Tesla, discusses planning the treasury management track.
It’s not typically treasury’s job to think about the future. That’s usually left up to the FP&A guys, right? Well, that mindset needs to change.
Brad Larson, CTP, Principal, ReCa Treasury Services, discusses helping to put together the Risk Management track at AFP 2018.
During a session at FinNext 2018, financial professionals provided different perspectives on how volatility has become the “new normal” for FP&A.
Gaileon Thompson, CTP, FP&A, Senior VP, Global Consumer O&T Finance for Citi and Chair of the AFP FP&A Advisory Council, discusses FinNext 2018 in San Francisco.
In a special preview of BreakThrough Treasury and Finance, John Josten, CTP, assistant treasurer of Tractor Supply Company, weighs in on how treasury and finance leaders manage change efforts.
In an interview at FinNext 2018, Chris Ortega, Senior Finance Manager for Emarsys North America, discusses how AI and machine learning will impact FP&A.
FinNext 2018 keynote speaker Dan Gardner, Journalist and Co-Author of Superforecasting, discusses the typical characteristics of "superforecasters".