This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.”
. “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 treasurymanagement sales, Tom Gregory, in a statement at the time.
Between omnichannel procurement, multi-rail payment tools and cross-border trade, treasurymanagement 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 treasurymanagement system.
A new report from treasurymanagement 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.
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.
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.,
The world of corporate treasurymanagement has of late had to focus especially hard on the management portion of the job description. The average number of investment vehicles held by corporate treasury departments grew from 2.8 Regulatory frameworks for the above mandates are never one-size-fits-all. two years ago to 3.2
Superior Press , a treasurymanagement solution provider for commercial banks, is acting on that need. Separate data from the Association for Financial Professionals (AFP) found use of the paper check increased in 2016. NACHA analysis found accounts receivables professionals predict ACH will surpass checks in the next few years.
The findings were detailed in the latest 2016 AFP Liquidity Survey , underwritten by State Street Global Advisors (SSGA). “Bank relationships continue to grow in level of strategic importance for organizations,” said AFP CEO and President Jim Kaitz in a statement. The report was published on Tuesday (July 12).
In their Strategic Role of Treasury Survey , the AFP and Marsh & McLennan identified the forces pressing companies to shift the treasury department into a more strategic position. As corporates and the treasurers themselves examine the issue, a new report from Marsh & McLennan Cos.,
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.
Corporate treasury is now more strategic for the enterprise, meaning chief financial officers and treasurers must be close-knit with their organizations’ boards of directors. ” Their concerns aren’t baseless, either.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content