96% of accountants say tech will change their job by 2028
by CTMfile
Accountancy firms are poised for major transformation, with the vast majority expecting automation of key accountancy tasks
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Operations
Background
The large majority of the work in a corporate treasury department is administration, transaction processing and non-discretionary decision making. This absorbs most of the time and resources in the department as the chart below shows. Balance of Time and Resources Employed in the Corporate Treasury Department… Read more about Operations
AI set to change the face (and structure) of finance - WEF
by Bija Knowles
New technologies are set to radically transform financial services – this report by the World Economic Forum outlines key changes
The sheer volume of consumption is overwhelming Earth’s living systems
by Jack Large
Mankind needs new business models. We need to ask “How should we live?”
100 days of GDPR: complaints double and firms slow to comply
by Bija Knowles
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
by Jack Large
Is this also true for corporate treasury department and shared service centres?
84% of executives report blockchain initiatives underway
by Bija Knowles
More than four out of five executives say their organisation is working on a blockchain initiative, according to a survey by PwC
New dimensions from real-time corporate treasury
by Jack Large
Deutsche Bank’s vision of “The road to real-time treasury” reveals benefits and issues for the corporate treasury department
Pros and cons of quarterly reporting: summary of key issues
by Bija Knowles
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
by Bija Knowles
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
by CTMfile
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
by Bija Knowles
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
by Bija Knowles
Most companies are not taking advantage of technology that automates some of the processes for compliance with Sarbanes-Oxley (SOX)
API revolution continues with two new US standard APIs being tested
by Jack Large
API standardization industry group launches online community to support adoption of standardized APIs AND release two APIs for testing:
Managing a successful spin-off
by Bija Knowles
Divestments are best done quickly but certain strategies should be in place to make sure the separation creates value
Is your transfer pricing approach ready for BEPS?
by Bija Knowles
Corporate finance departments have to navigate the disruptive changes brought by BEPS – these four questions focus on the main issues
Deutsche and Oracle accelerate move away from paper work
by Bija Knowles
Deutsche Bank and Oracle Financial Services both introduce digital signature and finance solutions to ease paper burden for corporates
FRC proposes ‘shorter, sharper’ corporate governance code
by Bija Knowles
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
by Bija Knowles
Deloitte looks at the new lease accounting standard and identifies six questions that CFOs should ask their chief accounting officers
Finance to face ethical challenge or become ‘algocracy’
by Bija Knowles
Big data, machine learning and behavioural science could come together to make an algocracy more than just science fiction
OECD addresses pricing of financial transactions under BEPS
by Bija Knowles
An OECD discussion draft addresses pricing of financial transactions such as treasury, intra-group loans, cash pooling, hedging
“That doesn’t look right”
by Jack Large
Full automation still needs experienced FTEs who understand corporate treasury, so can question BOTs, APIs, AI and outsourcing output
Do we still need traditional financial metrics?
by Bija Knowles
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
by Jack Large
Alenka Grealish, Senior Analyst, Celent explains how use of artificial intelligence is changing corporate treasurer-bank relationship
Should corporates end quarterly earnings forecasts?
by Bija Knowles
Buffett and Dimon argue that the short-term focus of quarterly earnings-per-share guidance stifles long-term investments