Feeling abandoned during crisis, US businesses are switching banks
Data from Greenwich Associates also shows that for the first time since COVID-19, US businesses are optimistic about the economy.
Cash & Liquidity Mngm in North America
Background
The NAFTA (North American Free Trade Agreement) area, is made up of - USA, Canada and Mexico, is the world's biggest trading blockt. Also NAFTA is the world's largest free trade area in terms…
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Treasury innovation at Alphabet, Dräger, and Peloton recognised by AFP
Google's parent company, a medical technology firm and a fast growing US exercise equipment company are the finalists for the AFP 2020 Pinnacle Award.
COVID-19 crisis has pushed treasury to the forefront
The 2020 AFP Strategic Role of Treasury Survey has found that corporates are prioritising liquidity and cash management, elevating treasury’s role.
Real-time payments gaining traction with US corporates
A survey from Citizens Commercial Banking has found nine out of 10 businesses are interested in the new US payment standard.
The slow recovery of US business spend sentiment
The Coupa Business Spend Index Q3 outlook shows early signs of business resilience amid economic downturn.
US firms to decrease cash holdings due to worsening business performance
The AFP July 2020 Corporate Cash Indicators has found that US corporates are accumulating cash as a defensive measure.
Most US businesses operating at reduced capacity
Despite a subdued economic outlook, a JPMorgan Chase survey finds businesses remain confident in themselves and most expect to thrive.
COVID-19 has companies turning to bank deposits
The 2020 AFP Liquidity Survey finds financial professionals unsurprisingly prioritising safety as they brace for uncertain times ahead.
Financial professionals predict painful recovery
AFP survey predicts the crisis lasting three quarters or more, Gartner data reveals lack of CFO planning for second wave of COVID-19.
Treasurers’ liquidity actions suggest dire economic consequences
An AFP survey, underwritten by BMO, finds companies are putting off hiring and capex.
Boeing’s actions highlight severity of aviation cash and liquidity turbulence
The company's termination of Embraer joint ventures has reduced its cash needs at a critical time.
US economic indicators reveal initial COVID-19 impact
Data from Citizens Commercial Banking and U.S. Bank shows the early tumult caused by the pandemic.
Report assesses initial US bank performance in the corona crisis
The report from Deutsche Bank Research suggests the current crisis may pose a greater threat to European banks than those in the US.
CARES Act gives US airlines the option to extend their liquidity runways
A Moody's Investors Service report explores the COVID-19 impact on the US airline sector and the government's response.
Regulators rush to prop up economies and businesses
The financial consequences of COVID-19 are impacting access to credit, dollar liquidity, account filings, and much more.
AFP urges FED to include Tier 2 commercial paper in new facilities
The US treasury association voiced support for the Commercial Paper Funding and Money Market Mutual Fund Liquidity Facilities.
Jack Henry & Associates streamlines AR financing
SilverLake System integration with BusinessManager lets banks to provide businesses with more transparency, faster access to funds.
RBC to offer accounts receivable tool
The Interac e-Transfer Bulk Request Money feature lets businesses streamline, expedite and automate the accounts receivable process.
Bank of America dashboard lets businesses view third-party app data
The Business Advantage 360 dashboard can now integrate data from Google, QuickBooks and more.
Bankable in US strategic collaboration with Visa
The hookup boosts Bankable's global presence, with B2B payments top of the agenda in the US.
Kabbage launches custom loans for small businesses
The product is designed to improve short-term cash flow options for US companies.
US cash accumulation spiked in Q4 2019
An AFP survey finds financial professionals showing a willingness to deploy cash in Q1 2020.
RTP limit raised to US$100,000, as MUFG joins scheme
The Clearing House is quadrupling the limit from February 1st.
Finance function revising project analysis, but cost of capital practices lag
AFP survey shows finance shortening the timeframe and decision criteria of analysis, but calculating the hurdle rate is unchanged.