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AFP ‘Troubled’ Over Corporate Treasurers’ Lack Of FinTech Adoption

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Yet, a new report from the Association for Financial Professionals (AFP) warned of only minuscule adoption of these tools so far, a trend that analysts described as “troubling.” “The world of treasury and finance has a unique opportunity to not just keep pace with new trends, but to be a driving force behind them.”

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Tax Reform Not Enough To Convince Corporates To Spend, AFP Finds

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. “The Tax Cuts and Jobs Act implementation could cause businesses to have extra capital to deploy, but it is even more encouraging that organizations expect to have cash on hand through the normal course of business in the coming year,” said TD Bank’s manager of treasury management sales, Tom Gregory, in a statement at the time.

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How Half Of Corporate Treasurers Are Getting Left Behind

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Between omnichannel procurement, multi-rail payment tools and cross-border trade, treasury management systems (TMS) seem like an obvious necessity for modern conglomerates. Nearly half of the companies surveyed by the Association for Financial Professionals (AFP) and Bloomberg aren’t using a treasury management system.

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Treasurers Understand — But Aren’t Living Up To — Rising CFO Expectations

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A new report from treasury management technology firm Kyriba and CFO Research Services offered CFOs a chance to lay out their wish lists for their treasurer peers, with chief financial officers pushing the treasury function to embrace a more prominent role.

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Treasury Is Becoming More Strategic — And Treasurers Know It

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New research from the Association for Financial Professionals (AFP) released Monday (May 22) found 80 percent of corporate treasurers agree the role has become more strategic in the last three years. The same amount of survey respondents also said the role of the treasury department will continue to devolve and become even more strategic.

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Open Banking Goes Straight To The Corporate Customer

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The model quickly gained traction and today is accelerating its expansion into B2B financial services, too. Reports in Finextra noted that McGortey spoke of the B2B opportunity in open banking, particularly in the U.S. This trend was recently highlighted by Laura McGortey, BNY Mellon’s director of strategic partnership solutions.

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Treasurers Choose Service Over Regulatory Ties When Picking A Bank

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Separate research released last year by the Association for Financial Professionals (AFP) highlighted corporate treasurers’ and CFOs’ shifting roles within the enterprise. The AFP, along with Marsh & McLennan Cos.,

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