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Chase, AFP Applaud B2B’s Shrinking Check Use

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The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. Although new technology is appealing, treasury and finance professionals tend to stick with what works for them, and their vendors,” said AFP President and Chief Executive Jim Kaitz in a statement this week.

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US Corporates Continue Cash Stockpiling Spree

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corporates accelerated their cash collection in the third quarter compared to the previous quarter, the AFP said in an announcement on Monday (Oct. The report, underwritten by BMO, surveyed corporate financial and treasury professionals to assess trends in how they are reserving corporate cash. In another statement, BMO Head of U.S.

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Corporate Payments Fraud Jumps Despite Stronger Internal Controls

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While corporates are adopting stronger internal controls to combat the threat of payments fraud, new data from the Association for Financial Professionals (AFP) reveals the number of incidents has continued to climb to new heights. ”

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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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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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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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Corporate Treasurers Safeguarding Cash As Economic Concerns Loom

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Corporate treasurers are building up cash reserves as concerns about the economy grow, according to a new survey conducted by the Association for Financial Professionals (AFP). The AFP’s latest Corporate Cash Indicators index , released Monday (Oct. In response, treasurers are stockpiling company cash.

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