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Winning the Financial Game with Strategic TreasuryManagement in Volatile Times Businesses face constant financial ups and downs. Without proper planning, companies may struggle to pay bills, manage debts, or take advantage of new opportunities. What is TreasuryManagement?
Now watch our complete episode Tim Arndts two-decade journey at Prologis propelled him from treasury and capital markets into the CFO office three years ago. Arndts finance leadership style balances innovative thinking with disciplined riskmanagement and a steadfast commitment to team growth.
The Essentials of TreasuryManagement in Modern Businesses In today’s fast-paced world, managing a company’s money isn’t just about paying bills and keeping the lights on. As a CFO, you’re at the helm of this important task. What Is TreasuryManagement?
Delving into the key trends shaping the treasury landscape in 2024, the focus is on themes such as staffing challenges, macroeconomic risks, technology adoption, and strategic financial management. Treasurers need a comprehensive understanding of their exposures, including global risks and counterparty risks.
Finastra launched its front-to-back treasury solution, Kondor, at Fortune Vietnam Joint Stock Commercial Bank (LPBank), in a bid to modernise the lender's treasurymanagement operations and capabilities. The post Finastra launches treasury solution at LPBank appeared first on FutureCFO.
Corporate treasury is now more strategic for the enterprise, meaning chief financial officers and treasurers must be close-knit with their organizations’ boards of directors. More than a third (36 percent) of survey respondents said fraud monitoring and risk mitigation are the areas in which CFOs are most falling short.
Treasury professionals see macroeconomic risk as one of the hardest to manage. According to Association For Financial Professionals’ 2023 AFP Risk Survey, 43% of treasury professionals consider macroeconomic risk —the pace of GDP growth, inflation and interest rates —to be one of the most challenging risks to manage.
As more high-value treasury operations require cross-functional collaboration, data integration between systems becomes essential. Treasury teams can redirect their time and expertise toward strategic tasks, unburdened by the tedium of manual data entry.
As liquidity became a significant concern for organizations, the Treasury Department was asked to monitor inflows and outflows more closely. Co-hosed by Kyriba, the lively discussion highlighted a general shift toward the digital Treasury. One immediate challenge that the Treasury department faced was foreign exchange (FX) exposure.
OCBC bank has announced the appointment of Goh Chin Yee as the new CFO. Goh, 57, will replace the current CFO Darren Tan who became the CFO in 2011 and recently opted for retirement. The post OCBC Bank announces new CFO appeared first on FutureCFO. Goh’s appointment will take effect from Nov 1.
In a press release , Mastercard said that after more than a decade as CFO Martina Hund-Mejean will retire in the spring. Sachin Mehra, Mastercard’s current chief financial operations officer, will succeed Hund-Mejean as CFO on April 1, reporting to Mastercard President and Chief Executive Officer Ajay Banga.
The role of enterprise level CFOs has changed radically over the past decade with both a widening scope of influence and greater responsibilities for helping guide corporate transformation programs and technology choices. Sweeping changes in the enterprise technology landscape have also been a key driver in expanding the role of CFOs.
Still, collaboration is increasingly important between the treasurer and CFO, as each position enters a more strategic stage within the enterprise. “The results are surprising because treasurers typically set very high standards for themselves and the treasury function,” he stated.
Global cloud treasury and finance firm Kyriba has introduced the Kyriba Payments Network to deal with the developing chief financial officer (CFO) mandate to streamline payments and fight payments fraud, the company said in a press release on Wednesday (Feb.
Due to this unique position, we need to ensure that the Finance Executive that earns our acclaimed CFO(SA) designation , is ready for the future of finance. In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position.
Mayank Gupta , CFO at India-based digital automotive solutions provider CarDheko Group , talks on what role financial leaders play in making sure that the company is IPO-ready. To instill trust in potential investors, the CFO’s second crucial task is building proficient finance teams across various functions.
Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Manage cash flow and plan for financial needs.
This is especially true in finance-related functions like accounting, procurement, payroll and treasury, and a new survey from Workday suggests chief financial officers are recognizing the opportunities in a more collaborative approach to their positions.
Just as important, how can CFOs help address sustainability objectives as part of their overall ESG initiatives? Nelson Lim , group CFO of ST Telemedia Global Data Centres (STT GDC) , spoke to FutureCFO to elaborate on how STT GDC is addressing calls for greater emphasis on sustainability in the drive for growth. Nelson Lim.
Carrillo, Opus’ current executive vice president and CFO, has resigned effective Nov. Thompson is coming on board as Opus’ new EVP and CFO and will join its executive committee as well. Thompson is coming to the bank from Midland States Bancorp, where he was EVP and CFO as well. “We The financial institution (FI) said Nicole M.
Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?
When you hear the words part-time used to describe your CFO, you may think that the individual will not be giving one hundred percent to your organization. While part-time CFOs may not have boots on the ground in your offices for 40 hours a week, they are full-time supporters and advocates for your company. This is not the case.
Nevertheless, before we embark on our beach retreat, we have some noteworthy updates regarding recent changes in CFO positions. CFO Pros on the Move May 2023 Valerie Lightfoot | Xwell Travel health and wellness services provider Xwell appointed , Valerie Lightfoot as CFO, effective June 12.
A Dow Jones Intelligence survey of 500 finance executives affirm what we know today – there is greater demand on the CFO to participate in strategic business decision-making, as well as a more diverse types of business and operational riskmanagement. The post CFO guide to thriving with risk appeared first on FutureCFO.
You need constant monitoring of your economic outlook because then you can adjust your riskmanagement strategy that will help you mitigate third-party risks." Everyone else in the company is trying to meet their KPIs, grab whatever they can find on the table, and pretty much have zero already got a risk, right?
The procurement of raw materials can expose an organization to some serious market volatility, the riskmanagement software firm said, and much of the solutions these firms are using to mitigate risk, like ERP solutions, don’t quite make the grade when covering a business’ exposure to commodity trade risk.
That’s if and only if, said Shields, the CFO agrees to share a range of information across receivables, income statements and historical data to the bank on a periodic basis. Looking ahead, Shields predicts that within just a few years, data sharing will foster a set of new expectations among CFOs and treasurers.
From the beginning of any project, we believe that compliance should never be addressed by using ad hoc or limited scope approaches because such short-term thinking invariably results in process inefficiencies, manual offline workarounds, and a lack of forward migration capabilities.
For a few years now, analysts have pointed to the evolution of chief financial officer (CFO) as a strategic member of the organization. Finding a solution to competing demands on the CFO presents an opportunity for innovation,” he said in a statement. One of the largest ways it can do so is for riskmanagement.
According to Frey, if an exchange rate shift of more than 10 percent would negatively impact a company’s PNL (profit and loss) or ability to generate revenue, then, regardless of size, that company should deploy an FX risk mitigation strategy. Data from these platforms is instrumental in accelerating risk analysis, Frey explained.
moneycorp, has acquired an Australian independent treasury advisory company called the Rochford Group for an undisclosed sum, according to reports. Rochford helps its clients manage how treasuryrisks affect their balance sheets, cash and profitability. A payments service provider based in the U.K.,
Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. They struggle to keep an overview on their cash and risk positions. A professional cash management solution can help to overcome these challenges. In the dark about global cash?
“Companies in all sectors are quickly becoming attuned to what they’re earning on their cash – and concerned about the cost of their floating rate debt,” said Joseph Quinn , director of liquidity and cash at treasury solutions provider Hazeltree. The second benefit is improved riskmanagement.
Three years after Danone Asia implemented a cloud strategy to its treasurymanagement system, boosting its visibility and control, Pulat Yunusmetov , Danone Asia regional treasurymanager, urges companies - on a similar cloud journey - to buck the conventional wisdom of going after the cheapest solution in the market. “Do
What emerging trends in AI should CFOs be aware of to maintain a competitive edge in the rapidly evolving financial landscape of 2025, particularly regarding compliance and riskmanagement?
Access to funding, riskmanagement and improving usability are top of mind for treasurers today, according to results of a survey by Finastra. The post What are the top three priorities for corporate treasurers today?
In his own remarks, CFO Rick Booth told analysts that the subscription growth targets are achievable due to visibility in the business and backlog, and said recurring revenue was 89 percent of the top line. Digital banking saw four new customers, with one of those firms signing up for payments, cash management and cyber fraud riskmanagement.
Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. I think the role of the CFO is changing.
Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. Go to www.cfoclub.co.za
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Intelligent automation is least used in riskmanagement (24%), tax (20%), and treasury (14%). The experience will build familiarity and confidence in intelligent automation, paving the way for more complex solutions to be adopted in other functions such as riskmanagement, tax and treasury, ISCA added.
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Trade riskmanagement advice For Lee, repayment risk is the number one trading risk that chief financial officers, as well as other financial leaders, will face in 2024, noting how buyers will be paying companies back.
Ee Khoon Oon (pictured), Vice President, Asia Pacific, Kyriba shares with FutureCFO audiences how CFOs and the finance function could effectively navigate digital transformation post-pandemic. FutureCFO: What’d be the challenges facing the finance function and the CFO post-pandemic? Ee Khoon Oon, Vice President, Asia Pacific, Kyriba.
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