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

DECEMBER 13, 2018

As the corporate treasurer takes on a more strategic role in the enterprise, treasury and cash management technologies can often be stuck in the past, failing to keep up with financial execs’ needs. financial services space, data security will also come into focus for corporate finance executives even more than today.

Treasury 62

Treasury Banking Cash Management Accounts Payable 62

PYMNTS

NOVEMBER 5, 2019

With the impending launch of Spring by Citi , Citi ’s Treasury and Trade Solutions (TTS) is increasingly incorporating the consumer payments experience into its broader B2B treasury management and transaction banking offering as it moves to support its institutional clients in their own journeys to meeting customer payment demands.

Cash Management 42

Cash Management Treasury B2B Banking 42

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. With the treasury market for S&P 500 companies valued at $2.3

Treasury 129

Treasury Currencies Benchmarking Cash Management 129

CS Lucas

MARCH 30, 2021

CS Lucas has launched a new Treasury Management System designed to ensure the reliance upon spreadsheets in treasury is eliminated. CS Lucas Essentials is our new, cost effective treasury management solution that will provide treasurers with quick access to an industry proven and matured system. Find out more

Treasury 52

Treasury Forecasting Cash Management Compliance 52

PYMNTS

MAY 18, 2017

The rise in B2B FinTech has complicated the picture of treasury management, forcing it to rethink its position in the enterprise. The more payment, cash management, cash flow forecasting, ERP and other digital platforms integrated, the more difficult it can be for a company to envision its own financial health across all of this data.

Treasury 40

Treasury Cash Flow Forecasting Risk Management Communication 40

Future CFO

NOVEMBER 20, 2023

Organisation leaders need to keep an eye out for cash management and treasury management for the optimisation of their financial resources and effective management of financial risks. They are supported by other treasury centres in Jakarta, Guangzhou, Beijing, and Sao Paulo where RGE’s Cash Managers are located.

Cash Management 52

Cash Management Treasury SAP Communication 52

PYMNTS

AUGUST 14, 2020

While the migration of sales workflows from in-store to online hasn’t historically relied on guidance or input from the treasury department for a successful shift, in today’s demanding market, treasurers are in a position to play a far more strategic role in guiding their organizations as they manage new and changing payment flows.

eCommerce 118

eCommerce B2C Treasury B2B 118

Future CFO

APRIL 21, 2021

So, what does the New Accounts Payable department look like? Optimizing cash flow. Having unproductive cash tied up in inefficient AP processes poses a huge threat when economic disruption hits. The quickest, easiest and most secure way to pay suppliers is electronic. Improving supplier management and relations.

Accounts Payable 40

Accounts Payable Accounting Invoicing Finance 40

PYMNTS

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. Against that backdrop, JPMorgan is already collaborating with multiple treasury management systems to create a “plug and play” banking experience inside its own offerings, he told Webster.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

SEPTEMBER 19, 2019

As a result, treasurers must grapple with the notion (and the needs) of cash crossing accounts many times a day. Cash management becomes a continuous process, throughout the business day. Knowing where and how much cash there is across various legal entities, countries and currencies is crucial.

Treasury 46

Treasury Cash Management Foreign Exchange Budgeting 46

PYMNTS

OCTOBER 23, 2018

Large corporations are often home to their own troves of valuable — yet difficult to reach — data, thanks to a back-office landscape of multiple ERPs, accounting systems, treasury management and cash management platforms. According to Gullers, treasurers typically access that data via the SWIFT network.

Banking 71

Banking Treasury Analyzing Data Securities 71

Reval

JUNE 13, 2017

Hong Kong – 14 June 2017 – Kerry Logistics, a leading logistics provider based in Hong Kong, was awarded Best Liquidity Management Strategy for 2016, using Reval, the leading global software-as-a-service solution for treasury and risk management.

Foreign Exchange 52

Foreign Exchange Treasury Cash Management Risk Management 52

PYMNTS

APRIL 30, 2018

” In a survey of treasurers, cash management professionals, CFOs and other professionals in the treasury department, researchers found that nearly two-thirds of respondents (61 percent) feel they are in a better position this year to combat fraud within their organizations compared to last year. .

Treasury 59

Treasury Accounts Payable Securities Accounting 59

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

DECEMBER 27, 2018

Open banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management.

Banking 76

Banking Treasury Cash Management Accounting 76

Future CFO

MARCH 7, 2022

Conversely, this number was almost halved (22%) for finance teams that use cash and credit management software. The puzzle here is that of the 87% of finance teams that rely on spreadsheets to manage accounts receivables, 72% claim to be dissatisfied with the process. AI in cash & credit management.

Cash Management 52

Cash Management CFO Finance Securities 52

PYMNTS

NOVEMBER 27, 2017

Recent reports in Security Intelligence said the criminals are deploying custom phishing attacks against business customers of Canadian banks to gain access to their bank credentials, passwords and authentication codes. The scheme is designed to give attackers access to business bank accounts.

Treasury 45

Treasury Cash Management Banking Accounting 45

Simply Treasury

JULY 12, 2021

Paradoxically, "retail" developments are often faster and more intense than "corporate" developments, notably for reasons of security and integration into the IT systems of large companies. Large MNCs are today using big ERPs, customized to their needs, integrated, or interfaced to many other IT treasury solutions dedicated to certain tasks.

Treasury 130

Treasury Cash Flow Forecasting Concentration Finance 130

CFO Simplified

AUGUST 22, 2022

For example, instead of allowing you to borrow on 80% of your accounts receivable (AR), they are now only giving you 60%. You aren’t taking advantage of the security or processing that some banks are providing as part of modern treasury management. Advance Rates. Personal Guarantee. A Final Word.

Banking 98

Banking Strategic Planning CFO Treasury 98

Future CFO

DECEMBER 11, 2023

Beyond improving supplier relationships, and better control over working capital, other benefits include better security given the increased visibility of payment details, and improved ROI with the anticipated lowering of bank wire fees. Real-time payments also mean account balances stay up-to-date.

Banking 98

Banking Finance CFO Leverage 98

Future CFO

AUGUST 24, 2020

Liquidity and credit risk Cash has always been king and this saying was never so relevant as it is in the current situation. There is no business continuity without secured liquidity and cash flow. On one hand, there’s an expectation to streamline accounting processes, delivering efficiency, insight and trust.

SAP 40

SAP Treasury CFO Credit Risk 40

PYMNTS

JANUARY 18, 2019

Supply chain technology firm Chronicled is among the growing roster of companies deploying blockchain to integrate automation and security into its services. with automated accounting software. Below, PYMNTS rounds up the latest in B2B investments. Chronicled. corporate payments startup AccessPay landed backing from U.S.

B2B 65

B2B eCommerce Investments Treasury 65

Future CFO

NOVEMBER 17, 2022

When it comes to cashflow visibility, under 4% of the 1,483 business leaders and finance and accounting executives from different countries report complete confidence, said Blackline recently. According to survey results, C-suite and finance and accounting respondents see that the three biggest challenges facing them in the coming year are:

Finance 96

Finance Financial Data Economics Budgeting 96

Future CFO

DECEMBER 6, 2021

With the disruption of the global supply chain and the economic slowdown, companies’ finance departments are under more pressure to optimise their cash conversion cycle. Then typically, you have to go back to the corporate treasury for more liquidity. Ross Mackay. That obviously comes with a certain cost.

Invoicing 52

Invoicing Cash Management Treasury Finance 52

PYMNTS

JULY 4, 2016

More than 40 percent of companies surveyed said they operate with more than five cash management banks; a third said they are working with more than 20 banks. According to FIS SVP of Mid-Market Treasury, Payments and Messaging Jerome Albus, along with President of Treasury Software Solutions Andrew Bateman, the U.S.

Treasury 41

Treasury Reconciliations Cash Management Banking 41

PYMNTS

JANUARY 26, 2017

“Processing corporate payments as peer-to-peer, directly on blockchains, gives for instant settlement and, therefore, real-time reconciliation and accounting,” the company said. Real-time payments and reconciliation, the company added, could be a major boost to corporate cash management efforts, too. A Realistic Approach.

SAP 57

SAP Invoicing Reconciliations B2B 57

PYMNTS

OCTOBER 31, 2019

One of their biggest benefits for users is not only its ability to offer a secure location in which to receive paper checks; the lockbox is also critical to receiving documentation about a transaction. Lockbox services may seem outdated in today’s ecosystem of electronic payments and cloud-based financial management platforms.

Reconciliations 43

Reconciliations Invoicing B2B Treasury 43

PYMNTS

DECEMBER 31, 2020

JPMorgan: Real-Time Treasury A Key Driver Of Corporate’s Loyalty. From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management.

Healthcare 115

Healthcare B2B Foreign Exchange Treasury 115

Future CFO

APRIL 13, 2023

The three years since 2020 saw organisations focus on digitalisation, payment efficiency, security, and cash forecasting. Kabir Ahmed Shakir "When you bring the ROI mindset to every individual in the organisation, capital management is automatically taken into account." In times of crisis, cash is king.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Communication CFO Leadership 52

PYMNTS

MARCH 2, 2016

Among one of the loudest of these blockchain champions is Ripple, a FinTech firm that has recently secured millions of dollars in investments and strategic partnerships aimed at promoting blockchain technology’s use for traditionally friction-rich areas, like cross-border payments and real-time payments.

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

Future CFO

FEBRUARY 10, 2021

said Michelle Quek , vice president, Business Operations and Finance at Ensign Info Security. We replaced our entire treasury system in five months remotely,” he described. CFOs need to change the way they manage their teams or risk creating organizational silos.

CFO 52

CFO Finance Auditing Treasury 52

Future CFO

MARCH 31, 2020

But with travel costs now accounting for the second-largest controllable expense, companies are looking for ways to better manage the process while improving the experience of its travelling employees. Travel is a personal experience.

Accounting 52

Accounting Securities Cash Management Treasury 52

PYMNTS

JUNE 1, 2016

Automated accounting and cash management technologies are a force to be reckoned with among today’s financial professionals, he said. “For a lot of CFOs, their departments are being eliminated,” the executive said of the rise in automated solutions within corporate treasury, finance and accounting departments.

CFO 41

CFO Corporate Finance B2B Treasury 41

PYMNTS

JANUARY 15, 2020

Reports in Treasury-Management on Wednesday (Jan. 15) said HSBC announced the launch of its Treasury APIs in 27 markets around the world. The APIs are available within ERP systems, treasury management platforms and other portals in use by corporate treasurers today.

Treasury 54

Treasury Cash Management Accounting Banking 54

PYMNTS

MARCH 6, 2019

One area where elimination of such processes can be of benefit is treasury management — specifically, reconciliation of transactions and liquidity management. Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

JUNE 13, 2016

TD Bank Head of Corporate Products and Services Rick Burke said corporate treasurers need to begin a dialogue with their banks and financial services partners to integrate adequate security controls within their corporations. 88% of finance professionals anticipate a rise in payments fraud , said TD Bank in its latest analysis.

Accounts Payable 41

Accounts Payable Corporate Finance Treasury Invoicing 41