Finance execs adapting controls and reporting to beat COVID challenges
A survey from KPMG has found that the pandemic has had a major impact on corporate finance reporting processes in the US.
North America
Green deposits sprouting in the US
MUFG Union Bank has launched green deposits for its corporate clients in America.
COVID-19 forced US middle market companies to embrace digital banking
A report from Greenwich Associates suggests that this move could be bad news for America's regional and community banks.
US business spend sentiment slowly improving
The Coupa Business Spend Index has revealed modest gains in specific sectors, but spend sentiment remains below trend.
US faster payments competition one step closer
The Federal Reserve has announced the FedNow pilot programme participants.
Post-COVID, large corporates will remember helpful banks
The 2020 Greenwich Leaders report covering US large corporate banking, cash management and trade finance charts the impact of the pandemic.
Amid economic uncertainty, businesses embrace change
A JPMorgan Chase survey shows US businesses focused on contingency planning, increased cash buffers, and digital platforms and processes.
U.S. Bank virtual trade show looks to boost supplier diversity
The event built on a commitment by the bank to double partnerships with Black-owned suppliers by June 2021.
Forecasting to remain critical in 2021
Limited ability to meet increased service requests threatens to hinder finance teams’ effectiveness, according to the 2020 AFP FP&A Survey.
FNBO using SWIFT gpi data to support international business growth
The First National Bank of Omaha has used the solution to remove friction from its clients' cross-border payments.
US business owners remained resilient in challenging year
Despite a cautious near-term outlook, BofA research finds entrepreneurs anticipate a strong environment post-pandemic.
US corporates embracing electronic B2B payments
While the AFP 2020 survey shows the benefits that digital payments offer corporates, it also notes the cyber security awareness that firms must show.
American Express adds to supply chain solution for large US corporates
The firm's Early Pay solution now includes digital payment features designed to help businesses save time, money and maximise cash flow.
Volatility stifles significant growth in US business confidence
A Citizens index shows steady economic improvement, while The CFO Survey predicts employment and revenues to remain below pre-COVID levels until 2021.
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.
Banks stepping up to help protect corporates from fraud
Both JPMorgan Chase and NAB have recently announced moves to help protect businesses from fraud while managing their cash flow.
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.
COVID-19 is a catalyst for digital B2B payments adoption
A Mastercard study shows businesses moving to digital B2B payments for speed, security and transparency.
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.
How Coca-Cola Bottling is putting suppliers on the blockchain
Coke One North America has launched a project with Provide and Unibright to establish a Coca-Cola Bottling Harbor on the blockchain for its suppliers.
Negative currency impacts on corporates jumped 31% in Q1
A Kyriba report has revealed the FX impact from the start of the COVID-19 crisis on North American and European corporate earnings.
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.