PYMNTS

AUGUST 3, 2020

“Being the world’s reserve currency, naturally regulators are going to take more time. Real-time settlement negates the need for batch settlement, which has been the norm in corporate treasury departments and within financial institutions (FIs) for decades. As a whole, the U.S. “The U.S. ” Coexisting Systems.

Treasury 117

Treasury Currencies Invoicing Cash Management 117

PYMNTS

SEPTEMBER 8, 2020

The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. Not so long ago, linking cash account statements across far-flung systems or operations would have taken days or weeks and extensive testing to synthesize all that data into one centralized presentation.

Treasury 107

Treasury Currencies Cash Management Accounting 107

Strategic Treasurer

OCTOBER 14, 2022

Details were gathered about banks’ concerns and recommendations for client security, corporate payment complexity, volumes, currencies, challenges, plans for technology use, and more. Among the top findings were the following points: Multiple Systems and Security Fraud Management Top List of Payment Challenges.

Securities 52

Securities Investments Planning Treasury 52

PYMNTS

JULY 21, 2020

At the same time, however, these innovations have also introduced unfamiliar disruptions to antiquated workflows, creating new challenges for treasurers to understand how to readjust their processes and cash flow management strategies as their role within the enterprise grows more complex and valuable.

Treasury 64

Treasury Cash Management Data Analysis Compliance 64

PYMNTS

APRIL 14, 2020

The digital transformation of corporate treasury is not a destination; it’s a journey. It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

Future CFO

MARCH 21, 2022

Three years after Danone Asia implemented a cloud strategy to its treasury management system, boosting its visibility and control, Pulat Yunusmetov , Danone Asia regional treasury manager, urges companies - on a similar cloud journey - to buck the conventional wisdom of going after the cheapest solution in the market. “Do

Budgeting 52

Budgeting Treasury Risk Management Currencies 52

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

Strategic Treasurer

MARCH 6, 2023

In the Language of Finance sub-series, we will look into different terms that should be understood in order to communicate effectively with the rest of your treasury team and with others. How does the language of FP&A differ from treasury? Does it mean currency? Does it mean physical cash? Does it mean available cash?

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

SEPTEMBER 4, 2018

One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report. Real-time payment capabilities enable businesses to take advantage of faster currency conversions and real-time FX rate management.

Foreign Exchange 40

Foreign Exchange Banking Accounts Payable Treasury 40

PYMNTS

OCTOBER 8, 2019

“The world is moving toward better technology, simpler design and instant access to data and automated analytics,” said Mark Smith, Citi Global head of liquidity management services, treasury and trade solutions. “We Cachematrix is excited to power Citi’s Online Investments portal with our best-in-class financial technology.

Investments 40

Investments Foreign Exchange Treasury Cash Management 40

PYMNTS

AUGUST 29, 2017

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. Most professionals said geopolitical risk has led to concerns over a loss of revenue or customers, while 49 percent cited the concern over currency risk.

Treasury 46

Treasury Foreign Exchange Cash Management Risk Management 46

PYMNTS

MARCH 6, 2018

New research from Asset Benchmark Research suggests ties with regulators and even reputation are not the number one priority for corporate treasurers looking for a cash management provider. Only 13 percent said they decreased the number of cash management solution providers with which they were working.

Banking 43

Banking Benchmarking Treasury Cash Management 43

PYMNTS

MARCH 26, 2019

For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs. The scope became very large.”.

Foreign Exchange 69

Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

SEPTEMBER 6, 2017

The company’s latest 2017 Global Corporate Treasury Survey was recently published, and it’s not surprising that, since its 2015 report, Deloitte found that treasurers continue to face new pressure from their executive committees and boards to become a strategic, value-added role within the enterprise. Technology Tripping Up Treasury.

Treasury 43

Treasury Risk Management Cash Management Currencies 43

PYMNTS

MARCH 14, 2019

” Corporate cash managers may not be able to control many of those challenges, like ongoing geopolitical instability resulting in trade tensions and financial market volatility, or the rising threat of cyberattacks. And that’s all about using technology-based services to re-engineer treasury activities.”

Cash Management 77

Cash Management Currencies Corporate Finance Treasury 77

CFO Simplified

OCTOBER 10, 2023

Think in terms of Treasury Management. How the bank can handle and manage the money that moves through your accounts. For example, your need for a line of credit to help fund your growth, or for different cash management services. You might need to operate in foreign currency.

Banking 52

Banking Cash Flow Forecasting Forecasting Treasury 52

PYMNTS

JULY 10, 2019

Lisa Lansdowne-Higgins, vice president of business deposits and treasury solutions at the Royal Bank of Canada (RBC), recently told PYMNTS that these three disruptors have a significant opportunity to shake up accounts payable processes thanks to the impact they have on data. Faster Payments.

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

Future CFO

MAY 26, 2022

He suggested that the settlement procedure be automated, and integrated into the treasury management system. I sell services to you, what's the price, and then it (price) gets converted to the local currency plus tax and so on. He posited that more machine involvement in matching transactions between intercompany is better.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

Future CFO

FEBRUARY 7, 2024

Delving into the key trends shaping the treasury landscape in 2024, the focus is on themes such as staffing challenges, macroeconomic risks, technology adoption, and strategic financial management. The post Navigating treasury trends in 2024: challenges, strategies, and the role of technology appeared first on FutureCFO.

Treasury 105

Treasury Technology Cash Flow Forecasting Leverage 105

PYMNTS

MARCH 2, 2016

To achieve this, Ripple is placing its bets on XRP, a digital currency that the firm argues will be instrumental as a bridge asset to facilitate interbank transactions. It’s a currency that allows financial institutions to ditch the nostro account and instead keep XRP on their own balance sheets. Cost-Saving Opportunities .

Currencies 46

Currencies Treasury Foreign Exchange Compliance 46

Future CFO

AUGUST 24, 2020

Further uncertainty comes from capital markets, for example, currency exchange rates, interest rates and commodity prices; impacting near term liquidity situation.

SAP 40

SAP Treasury CFO Credit Risk 40

PYMNTS

SEPTEMBER 30, 2016

A new survey by JPMorgan finds corporate treasurers consider China’s recent currency exchange rate reforms to have had the most impact on their businesses. All of this occurs as China works to make the yuan an international currency. Reports on Thursday (Sept. China’s economic slowdown surpassed U.S.

Currencies 67

Currencies Cash Management Economics Banking 67

Strategic Treasurer

JANUARY 3, 2022

Host Craig Jeffery kicks off the 2022 Outlook series with a conversation with Jon Paquette, Senior Financial Solutions Expert at TIS (Treasury Intelligence Solutions), on the outlook of payments. They discuss technology developments that will likely have the biggest impact on treasury in 2022. Host: Craig Jeffery, Strategic Treasurer.

Treasury 52

Treasury Cash Flow Forecasting Forecasting Banking 52

PYMNTS

OCTOBER 19, 2016

Low and negative interest rates have especially motivated these money managers to renew their investment strategies, the report noted. Their investment strategies are also impacted by the issue of currency risks and inflation, both cited by about a fifth of survey respondents as a top macroeconomic concern.

Treasury 70

Treasury Prioritization Economics Leadership 70

Future CFO

JANUARY 21, 2021

As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury. One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure.

Treasury 52

Treasury Foreign Exchange CFO Currencies 52

PYMNTS

JULY 24, 2017

The cloud treasury and finance management solution provider released its 1H 2017 results last week, highlighting what Kyriba said was record sales growth at 43 percent for the half. Earnings may have surpassed expectations for IBM at $2.95 a share (surpassing forecasts of $2.75

B2B 46

B2B SAP Profit and Loss Forecasting 46

Future CFO

DECEMBER 11, 2023

Challenges and opportunities Villanueva believes the rise of digital currencies, cashless payments, operation resilience, sophisticated customer journeys, and compliance pose greater challenges for the Philippine banking system in the coming years, emphasising the weight of dealing with the country’s road to a cash-lite society.

Banking 98

Banking Finance CFO Leverage 98

PYMNTS

MAY 10, 2016

Considering the rise of digital currency, electronic payments, the Internet of Things and Big Data, that revolution may already be upon us. According to analysts, these money managers are already upgrading their use of next-level financial management tools, turning away from traditional cash management services, like bank loans.

Manufacturing 40

Manufacturing Analyzing Data Finance CFO 40

PYMNTS

APRIL 1, 2016

Electronic payments and FinTech can help businesses across the board improve time and cash management, but each industry is different in the types of solutions they need and the progress with which they adopt more sophisticated tools.

B2B 40

B2B Accounts Payable Cash Management CFO 40

Future CFO

AUGUST 22, 2019

What can be changed is the linked currency, which is now the US dollar, and the range of the linked exchange rate level.”. When the HKD weakens to 7.85, the HKMA purchases the currency and that results in a fall of the HKD liquidity. Interest rates will then rise versus the greenback. and 7.85, Pang explained.

Banking 40

Banking Currencies Forecasting Foreign Exchange 40

CFO Leadership

MARCH 31, 2022

Five steps to improve global cash visibility. Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. They struggle to keep an overview on their cash and risk positions. In the dark about global cash?

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Future CFO

SEPTEMBER 1, 2019

Libor is the rate at which banks can borrow from each other, for up to a year, in dollars and other currencies including sterling, Swiss francs, yen and euro. Regulators have set the 2021 deadline for ending the use of Libor after banks were fined billions of dollars for trying to rig the benchmark.

Benchmarking 40

Benchmarking Accounting Standards Currencies Accounting 40

PYMNTS

JANUARY 22, 2021

While the corporate treasurer's fundamental role has remained steady, the treasury function has seen dramatic impacts from a changing market that is increasingly moving toward real time. For instance, both cash concentration and notional pooling can enable a treasurer to understand an end-of-day cash position.

Treasury 103

Treasury Concentration Currencies Banking 103

Future CFO

SEPTEMBER 23, 2019

Last year, Ripple teamed up with Banco Santander to launch a blockchain messaging technology-based service to allow the Spanish bank’s customers in the UK, Spain, Poland and Brazil to send money in various currencies around the world in seconds. According to Ripple’s website, more than 200 financial institutions have joined the RippleNet.

Foreign Exchange 40

Foreign Exchange Currencies Banking Technology 40

PYMNTS

MARCH 16, 2016

In a first for the Bank of China, the financial institution has linked up with its first foreign bank for interbank cash management of a corporate client. The two launched their co-hosted platform in January of this year to provide a centralized treasury management service for Bosch.

Cash Management 40

Cash Management Banking Treasury Corporate Finance 40

PYMNTS

JANUARY 28, 2021

The complexities of corporate cash management — particularly across borders and currencies — means that a broad range of treasury and CFO functions are getting the high-tech, outsourced treatment. The company is a gateway payment provider that delivers payment processing solutions to businesses.

Banking 60

Banking Treasury Cash Management Invoicing 60

PYMNTS

JANUARY 17, 2019

As CEO David Solomon said in reference to an ongoing review of the fixed income, currency and commodities division (commonly known as FICC), the company is training its sights on cash management Keep in mind that FICC, for the full year 2018, contributed $5.9 billion, which grew 11 percent year on year.

Investments 74

Investments Cash Management Treasury CFO 74