Traditionally, the global supply chain has not been considered the domain of the treasurer. But within the increasingly complex business environment that is the hallmark of globalization, the supply chain stands front and center among the treasurer's concerns. From the perspective of efficient working capital management, the treasurer has a...
A survey by commercial and industrial property insurer FM Global, the Financial Executives Research Foundation and the National Association of Corporate Treasurers NACT indicates the risk-mitigation message has not resonated fully with companies. The survey polled CEOs, CFOs, treasurers and risk managers at 400 large North American companies. Two-thirds of...
This paper encapsulates about banking operations and technology. Technology has fueled the imagination of treasurers as they continue to focus on working capital management, transforming their function into one of strategic contributor to financial performance. Treasurers have embraced automation as a means to effectively manage tactical, routine treasury processes while...
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Enterprise Resource Management ERM has become increasingly popular among European companies in last few years. Risk has moved up the corporate agenda as business volatility has increased, and the recent wave of governance scandals has prompted regulators and shareholders to more closely scrutinise risk and control frameworks. Treasurers clearly realise...
The article highlights that treasurers are back in the market for technology, but their investments are being driven by compliance requirements and a need to cut costs. The latest tools are changing the face of treasury operations and propelling executives into high-profile roles. The treasury systems offer enhanced connectivity to...
Corporate treasurers noted higher interest rates when the Fed raised the federal funds rate 75 basis points. Though long anticipated, the central bank's actions represent a milestone, having raised the benchmark overnight lending rate from a 46-year low of one percent. Although continued mixed economic data should encourage the Fed...
"Better, faster, cheaper" has long been the mantra of corporate treasurers, yet the drive to make their already-lean organizational machines run even more efficiently is unrelenting. This paper depicts about a survey of more than 400 treasury and finance which reveals that 70 percent of respondents said that internal efficiency...
As treasurers sometimes begrudgingly walk down the path toward Sarbanes-Oxley compliance, they will eventually reach a critical fork in the road. The decision to walk down one path or another will make a world of difference. Deciding which path to take - the one of perfunctory compliance with Sarbanes-Oxley Section...
More corporate treasurers are turning to web-based solutions such as electronic payables discounting. This paper explains how it can be used to optimise working capital and why it is particularly well suited to the Latin American market. Historically, cash management and trade have been housed in separate departments, both reporting...
Electronic Invoice Presentment and Payment EIPP can assist corporate treasurers in cash management and can be integrated with e-marketplaces and other B2B financial settlement activities. Its interactive approach to dispute resolution and robust payment options are critical if corporate financiers are to secure the advantages of B2B marketplaces and Straight...
The treasurer, as the owner of the processes to hedge financial risks, often becomes, explicitly or implicitly, the owner of the processes to manage financial risks. This article points out that as owner of the process to effectively manage FX risk, the treasurer must build an interdisciplinary approach that cuts...
This paper deals with the treasury management features of the institution. Already, the 21st century is dramatically recasting treasurers in a new role, one that requires skill with people even more than skill with numbers, one that requires them to orchestrate revenue as much as cash flow and one that...
No one hates letters of Credit LCs more than the treasurer of Burton Snowboards. The privately held company, based in Burlington, Vt., has had its share of them, since it sources and ships its chic clothing and avant-garde snowboarding equipment throughout the world. The many varieties of LCs can take...
Hedge accounting does lead to increased volatility in earnings, this is likely to be offset by a concomitant increase in the increase in the volatility of the underlying exposure. Perhaps so, but even if the impact of IAS 39 on the P&L does turn out to be negligible, the same...
The ability to predict and plan for 'bad days' can be a powerful weapon in the treasurer's arsenal. But whilst treasurers typically have a feel and sense what is right or wrong in terms of amounts, prices and access to funds, this may ignore other events that might have an...
In the last 25 years, membership of SWIFT has been almost exclusively restricted to banks, financial institutions, and broker dealers. Members have been making payments and settling other financial transactions between each other through the SWIFT network. Now, this network is being opened up to corporates. The changes are largely...
Irrespective of what kind of business a person involved in or what the structure of the treasury is, if he /she is going to deal in the financial markets they require a fundamental level of control. The example of Allfirst has shown that it does not...
Which path are you on? The paper depicts about a survey of over 50 Corporate Treasurers, conducted in conjunction with the Association of Corporate Treasurers, which has revealed that whilst the external risk and regulatory pressures on the treasury function continues to increase, Board level interest and involvement remains patchy...
For the treasury, disaster recovery / business continuity is not just a matter of maintaining and monitoring internal systems and processes. Nor is it solely a question of ensuring back-up facilities can be depended upon. The future of disaster preparedness is one of enhanced collaboration among financial institutions and more...
