CFOs focus on reducing operational costs
by Bija Knowles
Chief financial officers are faced with expanding responsibilities when it comes to driving corporate growth – but taking cost out of the business is an overall priority
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…
Read moreDon’t destroy company value by cutting costs
by Bija Knowles
While increasing profit margins can relieve short-term cash flow difficulties and appease shareholders, it's not necessarily the way to grow a healthy organisation
Too many corporates taking wait-and-see approach to BEPS
by Bija Knowles
Only a fifth of companies are actively making significant changes based on the OECD's BEPS recommendations, with focus mainly on changes to transfer pricing and intercompany agreements
Automation of financial processes requires fundamental rethink
by Bija Knowles
Business leaders once looked to centralisation and outsourcing to improve efficiency in a company's financial processes but automation now offers even greater potential for achieving efficiency
10 corporate priorities for 2018: cyberattack is #1
by Bija Knowles
Cyberattack is the greatest threat to markets in 2018 but company directors should also be focusing on corporate social responsibility, boardroom diversity and shareholder activism
Four trends shaping M&A in 2018
by Bija Knowles
The mergers and acquisitions (M&A) outlook for 2018 is robust according to a statement from EY, pointing to significant growth opportunity for global corporates in the year ahead
Corporate treasury milestones and trends for 2018
by Bija Knowles
What are the trends and events to look out for in the year ahead? CTMfile summarises some of the regulatory, political, trade and financial milestones that will shape 2018
Multinationals to benefit most from US tax reform
by Bija Knowles
Half of US chief financial officers think that large companies will benefit the most from the tax reform bill passed yesterday in the US
How do you see the future of corporate income tax?
by Bija Knowles
Some of the major economies are cutting corporate tax rates – but what if corporate income was taxed at the point of sale, where goods or services are sold to the end-customer?
Get the ‘Cloud zoo’ under control to keep data secure
by Bija Knowles
The adoption of Cloud-based services and a lack of well-defined security strategies are two of the factors that mean companies are struggling with their data. GDPR will make this an urgent matter
Not all cost saving programmes are worth it
by Jack Large
Deloitte’s first global cost management survey report finds cost reduction is a global imperative, but many organizations fail to meet low targets
Easing the transition to new IFRS 17 for insurance contracts
by Bija Knowles
IFRS 17 has been called “the first truly international IFRS standard for insurance contracts” and will come into effect from the start of 2021, replacing IFRS 4 Insurance Contracts
Optimism prevails among senior execs despite uncertainty
by Bija Knowles
Two-thirds – 67 per cent – of private company executives are optimistic that their revenue, profits, productivity and capital investments will rise in the coming year
The shape of technology in 2018
by Bija Knowles
We're constantly urged to innovate, digitalise and automate, even as technology's pace of change is hard to keep up with. Deloitte's Tech Trends 2018 should help keep updated with key trends
Innovation will bring opportunities, not just automation
by Bija Knowles
Almost a quarter of jobs will be automated in the next seven years, but do we tend to be overly alarmist about this? It's possible that technology will create as many jobs as it takes away
Seven principles for effective financial statements
by Bija Knowles
Irrelevant data or lack of data are some of the key communication errors financial professionals make in disclosures to investors – a report outlines how six companies took steps to improve
Is tax an opportunity to drive growth?
by Bija Knowles
Four-fifths of mid-sized businesses see tax as 'an opportunity to drive growth' according to KPMG, while more than half said that growth and investment was the main motivator in tax affairs
Is tax compliance creating cash flow delays?
by Bija Knowles
Financial professionals often say they feel overwhelmed by their compliance workload – but companies are actually spending less time on tax compliance
18% of multinationals ‘highly confident’ of GDPR compliance
by Bija Knowles
Just 18 per cent of companies are ‘highly confident’ they will be able to comply fully with GDPR by the May 2018 deadline and many organisations may be at risk of non-compliance
“Automatically updates as changes occur across the globe” = peace of mind?
by Jack Large
Digital tools are delivering for corporate treasury as latest from Thomson Reuters, and BofA Merrill show
Treasures must face the challenges of AI, robotics and blockchain
by Bija Knowles
Only 11 per cent of finance and treasury professionals think their companies are prepared for the changes that artificial intelligence, blockchain and robotics will bring
Data security and privacy is major reporting challenge, say CFOs
by Bija Knowles
Security and privacy of data are two of the main reporting challenges for CFOs according to a report by EY
Trouble in paradise: ICIJ releases leaked financial documents
by Bija Knowles
Eighteen months ago we had the Panama Papers; now we have the upgraded version for 2017, dubbed the Paradise Papers by the organisation that has analysed the 13.4 million leaked documents
The problems with KYC: too long, inconsistent, security, no standard
by Bija Knowles
Research highlights several problems with the KYC process globally, including excessive contact from financial institutions, inconsistent requests and security concerns