Future CFO

FEBRUARY 13, 2023

Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?

Treasury 98

Treasury Cash Management Restructuring Accounts Payable 98

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept.

Treasury 129

Treasury Currencies Benchmarking Cash Management 129

PYMNTS

OCTOBER 21, 2016

Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. According to Dion Global Solutions , which provides banks with software to maintain compliance with regulations like PSD2, FIs aren’t exactly ready for this next phase in payments speed.

Banking 77

Banking Compliance Cash Management Securities 77

PYMNTS

SEPTEMBER 22, 2016

Know Your Customer regulations can mean corporations have to wait as long as three months — yes, months — to get onboarded to a new bank. “When we look at where the market is moving, clients expect to transact globally and to trade globally, to have a cash management account in Hong Kong and an FX trading accounting the U.K.

Banking 75

Banking Compliance Prioritization Auditing 75

PYMNTS

APRIL 3, 2019

Large corporates across Asia are driving digital transformation of banking and treasury management in the region, according to new analysis from Greenwich Associates. Analysts said treasurers are focused on the acceleration of banking and treasury processes, as well as the ability to make these tasks more affordable and transparent.

Treasury 49

Treasury Banking Foreign Exchange Corporate Finance 49

The Charity CFO

JUNE 7, 2023

Is this just a necessary evil just to meet compliance requirements , and make sure there’s enough cash in the bank? cash, investments, receivables) and liabilities (e.g., accounts payable, loans). This analysis supports decision-making regarding debt management, investment strategies, and asset allocation.

Nonprofit 52

Nonprofit Accounts Payable Budgeting Strategic Planning 52

PYMNTS

NOVEMBER 30, 2017

That doesn’t mean banks and other financial service providers should delay implementing changes to comply with PSD2, though, according to Deutsche Bank. released in conjunction with payments consultancy PPI AG, highlighted speed bumps likely to arise as banks hustle to become PSD2 compliant when the Jan.

Banking 43

Banking Compliance Cash Management Securities 43

Future CFO

DECEMBER 11, 2023

In the US, the US Federal Reserve is set to introduce to the local market FedNow – an instant payment solution that will enable customers of participating banks and credit unions to instantly send and receive money transfers outside of traditional banking hours. Real-time payments also mean account balances stay up-to-date.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

MARCH 8, 2019

Reports in the Global Banking & Finance Review said this week that HSBC launched the APIs and developer portal to enable third-party payment companies to deploy their own solutions for business and consumer customers. under its Commercial Banking unit. Head of Digital Banking EJ Achtner in a statement last October.

Cash Management 67

Cash Management Compliance Banking Accounting 67

Spreadym

APRIL 27, 2023

Features of budgeting and forecasting software help users plan the future cash flow. Cash flow management: Software tools for cash management can help business manage the performance of cash flow by providing detailed cash flow statements and projections.

Financial Analysis 52

Financial Analysis Tax Planning Budgeting Forecasting 52

PYMNTS

JUNE 12, 2017

Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. More than a fifth said they’re working with 11 or more banks, and 13 percent said they work with 21 or more banks.

Banking 60

Banking B2B Currencies Cash Management 60

PYMNTS

DECEMBER 11, 2020

Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits.

eCommerce 70

eCommerce Cash Management Retail Compliance 70

PYMNTS

DECEMBER 5, 2019

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Where Banks Fit In Problem-Solving. Understanding businesses’ biggest payment pain points requires a wide line of sight.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

JULY 22, 2020

Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.

Treasury 66

Treasury Cash Management Compliance Startups 66

PYMNTS

OCTOBER 11, 2018

Beyond that trading, noted Forbes , there has been speculation that banks would embrace Ripple to move money through cross-border conduits. In news that may be separated from the vagaries of cryptocurrency trading, Banco Santander said this week that it will use Ripple’s ledger, bringing payments across the bank’s OnePay FX platform.

Cash Management 77

Cash Management Compliance Investments Banking 77

PYMNTS

DECEMBER 11, 2019

Of course, that’s not always easy when industry participants are forced to rely on state-chartered banks, or no banks at all. “These banks don’t necessarily have all the tools and technology” that market players need. An Emerging Late Payments Problem.

B2B 52

B2B Invoicing Accounts Payable Compliance 52

PYMNTS

APRIL 3, 2020

Accounts payable (AP) automation technology presents an obvious benefit to companies of all sizes and industries to boost efficiency and strategize vendor payments. “Each bank has a different way of presenting information back to you,” he explained. ” From Onboarding to Compliance. .

Accounts Payable 52

Accounts Payable Reconciliations Compliance Invoicing 52

Strategic Treasurer

MARCH 6, 2023

The chapter of discussion “Cash Bootcamp for Treasurers” provides a practical approach to understanding different perspectives of cash, how accounting and treasury can live in harmony and more. What are some of the different ways we look at it in finance, accounting as a view of it? What is it?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury GAAP 52

PYMNTS

APRIL 20, 2016

Treasury management firm Reval, which provides cloud-based cash management solutions, is now linking its corporates into the SWIFT network. With the formal alliance between SWIFT and Reval, companies will have a mutually supported source of service for their bank connectivity needs.”. Ed Adams in a statement.

Treasury 40

Treasury Cash Management Compliance Banking 40

PYMNTS

OCTOBER 17, 2018

So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”. As marijuana was, previously, a banned substance in the state, those interested in purchasing and selling it relied on cash. The industry is looking for basic banking services,” she said. “If

Compliance 50

Compliance Manufacturing Banking Retail 50

PYMNTS

SEPTEMBER 26, 2016

That said, the latter still accounts for 71 percent of the total global transaction volume. As a result, the call for banks to keep pace continues. More banks have begun to recognize the need to buy into the digital-first frame of mind in order to produce digital offerings. A few firsts were pointed out.

Risk Management 73

Risk Management Cash Management Compliance Securities 73

PYMNTS

MARCH 2, 2016

Last week, Ripple published a report outlining some of its boldest claims about the potential of distributed ledger technology, including that it could save banks money. We break down the company’s argument as presented in “ The Cost-Cutting Case for Banks: The ROI of Using Ripple and XRP for Global Interbank Settlements.”

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

PYMNTS

DECEMBER 31, 2020

In our crazy banking system, you don’t actually have to prove who somebody is to put their name on a piece of paper and stick it in the mail,” he noted. That’s because paper becomes the default method of payment when something goes awry — such as when banking credentials can’t be authenticated or identity cannot be verified.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

BlueLight

JULY 16, 2020

In these conversations, I observed each finance leader had a different perspective and approach with their financial accounting partner. I caught up with Sandeep Shroff, Co-Founder and CEO of myStartUpCFO , an accounting firm that provides on-demand full-stack CFO services for startups. How do software tools fit into your operation?

Startups 52

Startups CFO Reconciliations General Ledger 52

PYMNTS

JUNE 21, 2016

Nearly 80 percent said they had taken some kind of measure to make up for the financial cost of compliance. Its survey, the chamber said, suggests that the nation must heighten its capabilities of providing finance to its businesses, especially those struggling on account of regulation.

Economics 40

Economics Compliance Finance Auditing 40

PYMNTS

JANUARY 21, 2019

Despite the fact that Visa and Mastercard submitted their applications to process renminbi payments over a year ago, reports this week indicated that China’s central bank has yet to acknowledge those applications. It’s a funny spin on World Trade Organization compliance. Card Networks Have Trouble Getting Into China.

Banking 49

Banking Sales Cash Management Compliance 49

PYMNTS

SEPTEMBER 13, 2017

There are several reasons for this, analysts say, but regardless, there is a clear need for tight cash management in the construction sector. “Construction accounting is a little more complex,” he recently told PYMNTS. “Because of that complexity, taxes are more complex – it’s a snowball effect.

Cash Management 51

Cash Management Accounting Construction B2B 51

Strategic Treasurer

JANUARY 3, 2022

So, you know, from that standpoint, obviously we’re talking a lot about API’s, bank APIs, and system integration API’s. As well as, you know, cash flow forecasting tools that are specialized really in the space or even I think, you know, data lakes, in house DI solutions will be big topics in 2022 as well.

Treasury 52

Treasury Cash Flow Forecasting Forecasting Banking 52

PYMNTS

FEBRUARY 22, 2017

Nearly 80 percent of businesses surveyed in that report said they have taken some type of measure to make up for the cost of compliance, with Basel III cited as having the greatest negative impact for businesses. The banking sector is moving away from offering a simple, straightforward view via statements and transaction data, Cashfac noted.

Accounting 54

Accounting Banking Cash Management Compliance 54

CFO Leadership

MARCH 31, 2022

A professional cash management solution can help to overcome these challenges. In the dark about global cash? Hit hard by their company’s growth, Treasurers often lose sight of their global cash. They need global structures, processes and policies that facilitate efficiency, visibility, control, security, and compliance.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Future CFO

APRIL 7, 2022

He comments that most accounting graduates have more exposure to Excel than finance-related software solutions through their college education), lethargy to pick up new technologies, and sometimes difficulty in getting approval for finance technology investment. banking fees). Lee Chee Leong.

Finance 98

Finance SAP Leadership Cash Management 98

PYMNTS

AUGUST 22, 2017

The rivalry between banks and FinTechs seems to be morphing into a B2B ecosystem of collaboration , but the latest joint initiative between KeyBank and Billtrust goes a step further: In addition to launching a partnership, KeyBank has also revealed news that it made a strategic investment in the accounts receivable FinTech.

Accounting 43

Accounting Banking Invoicing B2B 43

Future CFO

FEBRUARY 10, 2021

During the Singapore Circuit Breaker , the property industry stakeholders — from banks and suppliers to contractors — digitalized their documentation workflows, streamlined the processes, and adopted digital signatures to reduce the disruptive impact of locking down the human workforce.

CFO 52

CFO Finance Auditing Treasury 52

PYMNTS

JULY 3, 2019

Cash flow is a fickle beast for any organization, but in the healthcare sector, bottlenecks and friction points are aplenty thanks to issues like late patient payments, insurance payouts and negotiations, and refunds. The most efficient way to expand days cash on hand, he said, is to slow money going out — and to do it strategically.

Accounts Payable 46

Accounts Payable Healthcare Invoicing Compliance 46

PYMNTS

JULY 31, 2018

WTOP said on Monday (July 30) that Fundera’s report revealed how common it is for small business owners to use their business credit cards for personal expenses, a practice that experts warn can lead to financial and compliance-related consequences.

Compliance 41

Compliance Cash Management Finance Banking 41

PYMNTS

JANUARY 31, 2017

“As the market and regulatory environments have evolved in recent years, active treasury management has emerged as a best practice that is integral to operational efficiency, regulatory compliance and, for those who manage it effectively, an additional source of alpha.”.

Treasury 40

Treasury Cash Management Compliance Forecasting 40

CFO News Room

DECEMBER 26, 2022

He previously worked at a financial planning firm in Bethesda, Maryland, and as a journalist covering the banking and insurance industries. Another immediate way that advisors can help ease the impact of inflation for clients is to create a cash management strategy (i.e., Team Kitces.

Planning 130

Planning Benchmarking Profit and Loss Communication 130