Digital Transformation in Treasury
Technological solutions are making it increasingly easy to monitor and optimize WCR
Many treasury software vendors strive to offer reliable and efficient modules to anticipate cash inflows and outflows. In addition to Treasury Management System tools, stand-alone solutions for managing and optimizing WCR are being developed. These niche solutions are designed to improve the management of the purchasing cycle (P2P) or sales cycle (O2C). Overview.
Trading firms and banks: who’s afraid of whom?
Commodity traders have a mutual interest in improving the overall risk perception of their sector and its practices. It is also important to understand what’s driving the banks’ lending decisions, says Mihai Andreoiu, Senior Director at Redbridge.
The Future of Cash: What You Should Consider
With the increase of card payments, mobile payments, peer to peer payments like Venmo, and cryptocurrencies, there are many theorists who believe cash is dead. However, according to Payments Journal, it is alive and thriving. The Federal Reserve reports that cash is still the preferred payment method for transactions under $25 in retail and, specifically, quick-service restaurants (QSR) according to a QSR Magazine article. Additionally, in 2018, 41.1% of QSR transactions were in cash.
The Effects of Rising Rates on Account Analysis
With the gradual rise in the fed funds rate over the last two years, higher earnings allowance rates are creeping in ever so slowly. Whether working for a bank, credit union, small business, or a large corporation, higher Earnings Credit Rates (ECR) affect everyone using account analysis. Have you ever wondered what effect the rate hikes have on account analysis and / or bank fee analysis?
Regulation Changes Within the Payment Card Industry
The payment card industry has changed since its inception. What are the regulatory agencies doing to keep card users data safe? And, which of those changes will cause your company’s systems to need to be updated?
Start 2019 With the Best Banking Relationships
Without effective two-way communication, your banking relationships can quickly deteriorate. Read more to understand how to strengthen your company’s banking relationships in 2019.
The 5 Common Banking Fees Errors
Is your business grappling with excessive banking fees? Are they accurate or erroneous? An analysis of your bank billing statements can help you solve this dilemma and identify banking fees errors. It is not uncommon for a banking institution to make errors that affect their customers. In January 2018, Wells Fargo double-charged an unknown number of consumers due to an internal processing error. Below, we break down five of the common billing errors we see when helping our customers.
Why Should a CFO Care About AFP Codes?
Does everyone in the organization need to care about banking with providers who use AFP Service Codes? The simple answer, they should!
Pierre Fabre launches a NEU CP program complete with a bank guarantee
The Pierre Fabre Group has secured recurring access to market financing while staying true to its identity. In late June, the finance division of the group, which specializes in oncology, dermatology, public health and dermo-cosmetics, completed its inaugural issue of NEU CP (Negotiable EUropean Commercial Paper) securities amounting to €30 million. This was soon supplemented by a second issue that brought the group’s negotiable debt securities program up to its ceiling of €50 million.
Is Your Bank AFP Accredited?
The winds of change are blowing and improving global bank billing.
“Trading activity necessitates a consolidated vision of all of the transactions processed at each moment in time”, Malik Dahmoune, Finelia
As part of our series of articles dedicated to the selected audience of commodity trading firms, Malik Dahmoune, founder of Finelia, explains the challenges of automated monitoring of trade finance operations and the prospects for modernising the business opened up by the digital revolution. To explore the topic further after reading this interview, download our new study by completing the form at the bottom of the page.
AFP Service Codes: The General Ledger Chart of Accounts for Bank Fees
For more than 30 years, AFP Services Codes© have been recognized as the industry standard for identifying service charges that appear on account analysis statements and in responding to RFPs.
Should You Care About How Banks and Rating Agencies Rate You?
AFP 2018 Speaking Session – Slideshow – What is the impact of a company’s ratings on public capital markets, its banks’ internal profitability assessments, and its banking relationships? The answer allows treasury practitionners to more effectively manage bank relationships as well as to understand the key components to consider when allocating business to banks.
AFP 2018 Treasury Management Session – Seeing Beyond the Horizon
Slideshow – Hear how Uber worked with their banking and software partners and used the new 2018 AFP Global Service Codes to gain insight and visibility into their cash management banks spanning 57 countries.
AFP 2018 Treasury Management Session – Become a Treasury Superhero by Gaining Control over Bank Fees and Merchant Card Fees
Slideshow – Every treasury department knows it should have control over the expenses incurred through bank fees and merchant card transactions. We all know we need to do better but have lacked the ability. Until now !