Treasury and payments news roundup
A roundup of news stories from Volante, IFC, Demica, Bank of America Merrill Lynch and CompleXCountries
Control & Compliance in Operations
Background
Not only do corporate treasurers have to ensure water tight controls in all their operations and risk management, they have to prove it by having full records of what has been carried out and why.…
Read moreKyriba simplifies lease accounting for CFOs
Kyriba has launched a lease accounting module for its treasury management platform, offering centralised lease tracking
The sheer volume of consumption is overwhelming Earth’s living systems
Mankind needs new business models. We need to ask “How should we live?”
100 days of GDPR: complaints double and firms slow to comply
The regulation came in last May but a third of companies may not yet comply while consumer complaints have rocketed
Why Hong Kong is the ultimate gateway for scaling into the APAC region
Is this also true for corporate treasury department and shared service centres?
Pros and cons of quarterly reporting: summary of key issues
What financial reporting model is best for your company? Trump has backed a half-yearly model rather than quarterly
Five things CFOs should know about cloud computing
Moving to the cloud: many companies are doing it but does it make financial sense? Here are five things CFOs should consider
Compliance modernisation to pick up pace in next 12 months
About 50% of compliance functions will be modernised in the coming 12 months but IT guidance and support will be crucial
Corporates turning to non-bank fintech for treasury needs
71.5% of the world's biggest firms use a non-bank fintech provider for at least one of their key treasury and banking needs
Automation could tackle rising cost of SOX compliance
Most companies are not taking advantage of technology that automates some of the processes for compliance with Sarbanes-Oxley (SOX)
Is your transfer pricing approach ready for BEPS?
Corporate finance departments have to navigate the disruptive changes brought by BEPS – these four questions focus on the main issues
Understanding and exploiting your corporate treasury data
Craig Jeffrey, managing partner, Strategic Treasurer reviews types of corporate treasury data & how to optimise their usage/performance
FRC proposes ‘shorter, sharper’ corporate governance code
The FRC proposes changes to UK Corporate Governance Code, with more central role for company purpose and stakeholder engagement
New lease standard: 6 crucial questions for CFOs
Deloitte looks at the new lease accounting standard and identifies six questions that CFOs should ask their chief accounting officers
OECD addresses pricing of financial transactions under BEPS
An OECD discussion draft addresses pricing of financial transactions such as treasury, intra-group loans, cash pooling, hedging
Do we still need traditional financial metrics?
How is the role of traditional metrics changing with new technologies and are financial metrics used today still relevant?
How AI will improve treasurer-bank engagement
Alenka Grealish, Senior Analyst, Celent explains how use of artificial intelligence is changing corporate treasurer-bank relationship
Should corporates end quarterly earnings forecasts?
Buffett and Dimon argue that the short-term focus of quarterly earnings-per-share guidance stifles long-term investments
AI and automation can be very dangerous, even in corporate treasury department
Distruction of the very fabric of society and loads of jobs is too much
App stores for corporates and banks boom
Finastra, banks and TreasuryXpress employ App stores as the new age in finanancial software builds momentum
Financial reporting doesn’t represent value of digital companies
A recent article in the Harvard Business Review (HBR) asked how digital companies can improve their financial reports to better represent the value of their businesses
ACT Conference highlights: Brexit Britain to 21st Century Treasury
Today the UK's Association of Corporate Treasurers (ACT) kicks off its two-day annual conference in Liverpool's King's Dock
Could you benefit from the continuous accounting model?
KPMG and Blackline collaborate to offer an automated service that enables organisations to access financial data in real time – an approach they say is essential in today's businesses environment
Wish-list for an integrated risk ecosystem
Risk and compliance executives expect real benefits from digital technology but many firms face challenges in moving towards the future, according to a report by Celent and Thomson Reuters