CFO News Room

JANUARY 27, 2023

By switching to 501(c)(6) nonprofit status, the new CFP Board of Standards will have expanded abilities to advance the planning profession through lobbying and more targeted advertising messages to grow the ranks of CFP professionals.

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Nonprofit Practice Management Advertising Leadership 130

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?

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Treasury Cash Management Restructuring Accounts Payable 98

CFO Share

MARCH 15, 2024

But with the right bookkeeping processes, you can boost cash management and breathe a sigh of relief. What is Cash Flow in Bookkeeping? Cash flow, simply put, is your business’s heartbeat. What Are Three Effective Strategies for Managing Your Cash Flow?

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Invoicing Cash Management Compliance Finance 52

https://trustedcfosolutions.com/feed/

JANUARY 31, 2023

You must spend money to make money and to do that you need a healthy cash flow. However, cash flow is the number one reason businesses fail. Eighty-two percent of those that fail do so because of insufficient funds and cash flow problems. Review your cash flow statements early and often — make this a regular basis.

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Cash Flow Forecasting Forecasting Accounts Payable Cash Management 57

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.

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Cash Management Treasury SAP Communication 52

Nerd's Eye View

JANUARY 20, 2023

While it remains to be seen whether the measures will actually be enacted, proposed measures include raising income and capital gains tax rates, instituting wealth taxes, and reducing the state estate tax exemption, potentially creating future planning opportunities for advisors with clients in those states.

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Practice Management Leadership Cash Management Numbers 73

Simply Treasury

AUGUST 3, 2022

It's the key to finally having better cash management, as multinational companies do. Cost reduction by reducing number of banking solutions used. Entities that provide financial services with many customer accounts could benefit greatly, as the number allows them to pool the tool and rely on the pool banks already connected.

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Banking Reconciliations Treasury Securities 147

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. Philippe Gangneux.

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Cash Management CFO Finance Securities 52

Nerd's Eye View

JANUARY 27, 2023

By switching to 501(c)(6) nonprofit status, the new CFP Board of Standards will have expanded abilities to advance the planning profession through lobbying and more targeted advertising messages to grow the ranks of CFP professionals.

Nonprofit 77

Nonprofit Practice Management Advertising Leadership 77

Future CFO

FEBRUARY 25, 2024

Optimise Cash Management Poor understanding of cash flow is a primary reason why many businesses fail. The CFO and the finance team need to have great visibility, effective control and collaborative execution for that finite and most valuable business resource: cash.

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CFO SAP Finance Cash Management 52

Jedox Finance

APRIL 4, 2023

Teams with a strong cash management culture are well positioned to meet those sudden challenges, according to EY research. Long before the final inflation number is available, teams can establish plans and determine how they will respond. Table of Contents What is working capital?

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Forecasting Cash Flow Forecasting Cash Management Profit and Loss 52

PYMNTS

MARCH 4, 2020

The value of the technology is evidenced by the vast number of APIs that businesses use and consume. These solutions are enabling businesses of all sizes to access faster payments and real-time account status information, thus improving cash management.

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Treasury B2B Cash Management Leverage 96

Future CFO

JANUARY 12, 2021

While accounting and cash management are table stakes of the finance function, the CFO is expected to take on the mantra of relationship builder. Click here to download this Oracle Netsuite whitepaper titled: Beyond the Numbers: Three Key Relationships for the CFO of the Future.

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CFO Leadership Cash Management Finance 52

PYMNTS

MARCH 6, 2018

Also, companies are increasing primary cash management relationships, and accounts receivable (AR) departments are still seeing commercial credit and debit card payments. 20 percent | Portion of surveyed professionals who said they had increased the number of primary cash management banks with which they’re working as of last year.

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Cash Management Accounting Numbers Retail 40

PYMNTS

SEPTEMBER 8, 2020

The rise of the coronavirus has spotlighted the need for corporate treasurers to make real-time decisions about cash management. But it’s not so simple for global corporate treasurers, given the complexity and sheer number of accounts, and sometimes millions of dollars in fund flows with which they grapple daily.

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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.

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Banking Benchmarking Treasury Cash Management 43

CFO Leadership

MARCH 31, 2022

The pandemic spurred many realizations, including this one: the enterprise cash management process is broken. Cash management is always important, but it’s certainly gotten a lot more attention in the past two years. As companies went into crisis mode, keeping a very close eye on cash became a top priority.

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Cash Management Benchmarking Invoicing Leadership 52

PYMNTS

FEBRUARY 1, 2021

We already do see an increase in the number of instant payments,” noted Camporeale, where in the third quarter the percentage of payments done instantly stood at 7.5 Use cases are also developing among small- to mid-sized businesses seeking to improve their cash management practices, moving money between accounts within those firms.

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Banking Cash Management Accounting Leverage 100

The Finance Weekly

MARCH 5, 2024

Surprisingly, Excel was the number one solution, despite being the nemesis of IT professionals. This often involves replacing outdated ERP systems or implementing new cash management solutions. This question was tricky, and we were eager to see the results.

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PYMNTS

DECEMBER 7, 2020

But most people forget that we're still talking about small businesses with a limited number of resources.". What's more, third-party platforms force sellers to wait to access their revenues, making cash management an even more arduous process.

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eCommerce Finance B2C B2B 142

PYMNTS

OCTOBER 4, 2020

17Capital predicts that the trend will continue, as about 900 private equity funds worldwide have invested all their investors’ cash and are depleted. Trade finance revenues are predicted to fall by 8 percent in 2020, with returns from cash management offers likely to fall by as much as 12 percent.

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Valuation Cash Management Investments Finance 66

PYMNTS

JULY 30, 2020

But given the number of stores that were open, the company said it experienced strong demand in June at 10.8 At the close of Q3, Sally Beauty Holdings had $839 million of cash on its balance sheets, compared to $364 million at the end of the second quarter. . As a result of COVID-19, same-store sales dropped by 26.6 percent for Q3.

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Sales GAAP Profit and Loss Cash Management 56

PYMNTS

OCTOBER 8, 2019

Stock trading app Robinhood , which offers no-fee trading, is re-launching a checking feature called Cash Management after it was previously shelved due to regulatory issues. The usual limit is $250,000, but it will be spread across a number of banks. As reported on Tuesday (Oct. 8), the feature will enable customers to earn 2.05

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Cash Management Securities Banking Accounting 49

PYMNTS

JULY 15, 2020

The report comes as a number of big banks have also reported trading volumes are up as they report their earnings. unveiled a new mobile-focused money management experience named Samsung Money by SoFi to assist users in handling their everyday finances per news in May. Our total users have nearly tripled since January.

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Cash Management Investments Banking Finance 64

PYMNTS

MARCH 26, 2019

While international growth may seem an opportunity too good to pass up for a small business, Laurent Descout, CEO and founder of corporate cash management FinTech Neo , says hard-hitting fees exacerbate the often damaging threat of currency and exchange rate volatility, leading some firms to give up on global aspirations.

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Foreign Exchange Currencies Cash Management Profit and Loss 69

PYMNTS

MAY 27, 2020

CEO Anthony Noto told CNBC’s “Squawk on the Street” that the FinTech company’s investing platform has seen a significant uptick in user numbers since January. In 2019, it launched SoFi Invest and SoFi Money, a cash management account. billion composed of shares and cash.

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Accounting Investments Cash Management Economics 52

PYMNTS

MAY 27, 2020

Users can decide to open an individual or joint cash management account with Samsung Money by SoFi. The technology company said the account is secure and offers rewards for those who save, with “higher interest relative to the national average of transactional accounts.”.

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Cash Management Budgeting Accounting Finance 52

PYMNTS

FEBRUARY 13, 2020

The increasing number of businesses using cards over cash could prompt some companies in the U.K. to stop using cash altogether after hundreds of years with that as the primary mode of payment. Tom Wood, head of global liquidity and cash management at HSBC U.K., subsidiary of HSBC, rising 24 percent.

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Cash Management Finance Securities Numbers 61

PYMNTS

SEPTEMBER 9, 2019

David Watson, the former managing director and head of cash management for Deutsche Bank in the Americas, as well as the head of global digital cash products, has joined SWIFT as the new strategic relationship director in North America, according to a release. He has also been a member of TCH’s Company Board since 2017.

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Banking Cash Management Compliance Finance 71

CFO Simplified

AUGUST 18, 2022

However, one particular “business” topic that occasionally comes up, especially during the holidays, is our family’s “cash gap.”. The cash gap is the number of days between when we spend money buying presents, and when I get paid next. Days’ Payables is the average number of days you take to pay suppliers. Days’ Payables.

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Accounts Payable Invoicing Accounting Sales 105

Simply Treasury

JUNE 3, 2021

Then come the multiple banking relationships, the too large number of bank accounts, the lack of sufficient resources (a recurring problem - but one that drives automation), the lack of support from subsidiaries, the lack of budget (classic in times of crisis).

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Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

Future CFO

JULY 19, 2021

trillion dollars of cash were being held captive on company balance sheets because of late payments by customers. This begs the question, how has COVID-19 impacted this number? There will certainly be several challenges going forward, with the desire to increase sales while managing the risk of late and non-payment.

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Cash Management Reconciliations Treasury Sales 52

PYMNTS

MAY 29, 2020

We noted then that JPMorgan is providing cash management services for the exchanges’ U.S. There is at least some indication that bitcoin will have plenty of competition from central banks, a number of which are developing their own versions of digital fiat.

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Currencies Investments Cash Management Economics 74

PYMNTS

SEPTEMBER 21, 2017

The solution is integrated into Gappify’s cloud accounting software and can complete various tasks related to accounts payable, accounts receivable, payroll and other cash management functions, the company said. The company announced news on Wednesday (Sept.

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Accounting Accounts Payable Cash Management Accounting Standards 45

PYMNTS

FEBRUARY 1, 2021

Oftentimes, you would be surprised at the number of customers that use swivel-chair integration to download the data from a bank into a spreadsheet and then use that spreadsheet to close out the open receivable,” he said. That information is then easy to process for generating insights and informing cash management decisions. .

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Accounts Payable Reconciliations Invoicing Treasury 93

CFO Simplified

JUNE 19, 2022

Divide the total amount of marketing and sales support dollars by the number of customers that you’ve received—this will tell you what your customer acquisition cost is. Marketing and Sales Costs ÷ Number of Customers Received = Customer Acquisition Cost. Calculating the Lifetime Value of Your Customer.

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CFO Math Advertising Sales 97

PYMNTS

NOVEMBER 7, 2017

Payer ID assigns account numbers to each individual payer, enabling corporate treasury departments to match payment with payer. After exploring and evaluating different products in the industry, we chose Citi’s Payer ID solution, which enables us to assign each buyer a unique payer ID number that is linked to Alibaba’s master account.

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Reconciliations Treasury B2B Cash Management 48