PYMNTS

FEBRUARY 2, 2021

For chief financial officers (CFOs) and treasurers tasked with corporate management, Visa is aiming AI toward forecasting and planning. Cross-border transactions, for example, can vary widely from initiation to final settlement, impacted by foreign exchange (FX) rates.

Forecasting 111

Forecasting Foreign Exchange Leverage Treasury 111

Simply Treasury

JUNE 3, 2021

Major priorities over the next one to two years: We are not surprised that Cash-Flow Forecasting comes out on top when the COVID crisis has been hitting us for the past year. The uncertainties surrounding the economy explain the difficulty in producing reliable and accurate forecasts. François Masquelier, Vice Chairman EACT.

Cash Flow Forecasting 130

Cash Flow Forecasting Treasury Forecasting Foreign Exchange 130

Global Finance

JULY 26, 2024

Meanwhile, Nordea’s foreign exchange (FX) automation has evolved into a “comprehensive treasury management autopilot” that includes daily FX, FX hedging, and money market products, according to the bank. Payable , another double winner, takes both Best Cash Forecasting Solution and Best Treasury Analytics Provider.

Cash Management 111

Cash Management Treasury Foreign Exchange Banking 111

PYMNTS

OCTOBER 6, 2020

The new APIs help with foreign exchange (FX) settlement, obtaining check images and retrieving reports, according to a Tuesday (Oct. Bank of America is rolling out three new application programming interfaces (APIs) as it supports the growing demand for up-to-the-moment data and processing in business treasury. 6) announcement.

Treasury 75

Treasury Foreign Exchange Banking Reconciliations 75

PYMNTS

JUNE 17, 2019

MoneyGram has tapped into foreign exchange markets for settlements in the past. By changing to the XRP digital currency, however, it forecasts lower operating costs along with the value of working capital it needs. In addition, the deal encompasses warrants for up to $20 million in additional stock that is newly issued at $4.10

Investments 84

Investments Foreign Exchange Planning Currencies 84

CFO News Room

NOVEMBER 2, 2022

The company said it was hurt by higher costs, Chinese Covid lockdowns and fluctuating foreign exchange. million compared to a forecast for $911.4 Trimble — Shares dropped 7% after Trimble missed revenue expectations in its third-quarter results. The industrial technology firm reported sales of $884.9

Foreign Exchange 130

Foreign Exchange Transportation Entertainment Advertising 130

PYMNTS

SEPTEMBER 12, 2019

French financial institution BNP Paribas has announced a FinTech partnership to strengthen its foreign exchange service offerings. We believe that our offering, combined with the financial strength of BNP Paribas as a banking partner, is an attractive value proposition for their existing corporate client base.”.

Foreign Exchange 65

Foreign Exchange Treasury Forecasting Currencies 65

Global Finance

OCTOBER 10, 2024

The political turmoil fuelled a spike in inflation, which hit 11.66% in July amid fast-dwindling foreign exchange reserves. Riel stabilization has been achieved by prudent circulation management and foreign exchange market intervention, usually involving selling US dollars versus the domestic unit on the open market.

Benchmarking 98

Benchmarking Foreign Exchange Forecasting Economics 98

Global Finance

OCTOBER 11, 2024

Previously announced honors include Best Global Transaction Bank, Best Bank for Sustainable Finance, Best Islamic Financial Institution, Best Investment Bank, Best Cash Management Bank, Best Trade-Finance providers, Best Supply Chain Finance providers, Best Foreign Exchange Provider, Best Private Bank, and Best SME Bank.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

CFO Talks

AUGUST 29, 2024

Practical Tip: Create a cash flow forecast that looks at least a year ahead. For example, a mining company needs to ensure its financial operations comply with foreign exchange regulations to avoid penalties. For example, imagine you’re running a manufacturing company. Update it regularly.

Treasury 96

Treasury Cash Flow Forecasting Foreign Exchange Currencies 96

PYMNTS

SEPTEMBER 18, 2019

The company said that the API-led platform will let partners — including banks, retailers, credit unions and others — access payment and foreign exchange services through a single place. Elsewhere in Europe, in the United Kingdom, Travelex has debuted a B2B FinTech platform known as Travelex Business.

Foreign Exchange 68

Foreign Exchange Treasury Currencies B2B 68

PYMNTS

APRIL 14, 2020

However, those data attributes are critical when it comes to automatically reconciling incoming and outgoing payments, and for supporting cash flow forecasting. Larger, more established firms may have specific pain points to address, such as foreign exchange (FX) mismatches across several accounts.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

FEBRUARY 19, 2020

MUFG posted a quarterly loss this month for the first time in 10 years, and it was forced to chop annual profit forecasts after dealing with a large charge on the Indonesian bank acquisition. billion) over allegations that they worked together to manipulate the foreign exchange market. billion euros ($1.16

Investments 61

Investments Profit and Loss Foreign Exchange Forecasting 61

CFO Leadership

FEBRUARY 16, 2022

Use our guide to understand and explore the factors that can make it advantageous to embrace a risk management strategy for foreign exchange. The foreign exchange market can be a highly complex task for small-to-medium enterprises to navigate when conducting business overseas. The Foreign Exchange Market.

Risk Management 52

Risk Management Currencies Foreign Exchange Valuation 52

PYMNTS

MARCH 2, 2016

Corporate treasurers continue to struggle with managing foreign exchange risk and exposure. The research also found that the majority of survey respondents said they lack visibility and reliability regarding their FX forecasts and that this is their biggest challenge to mitigate FX-related risks for their corporation.

Foreign Exchange 40

Foreign Exchange Treasury Forecasting Risk Management 40

CFO News Room

FEBRUARY 4, 2022

That was well above forecasts from economists who had expected a larger drag from the latest wave of Covid-19 cases. Expectations that the Federal Reserve will raise rates multiple times in 2022 sparked an early year bond rout that has jarred financial markets, fueling declines in stocks and other riskier investments.

Benchmarking 130

Benchmarking Treasury Economics Banking 130

PYMNTS

DECEMBER 11, 2019

SMB lender Just Cashflow announced a partnership with Ebury to integrate foreign exchange services as Just Cashflow augments its offering beyond SMB loans. Ebury is integrating foreign exchange (FX) tools to support Just Cashflow’s SMBs and their cross-border payments needs. Just Cashflow Taps Ebury for FX.

Banking 52

Banking Foreign Exchange Reconciliations B2B 52

Bramasol

DECEMBER 20, 2022

The McKinsey Global Economics Intelligence report says "Global forecasting institutions, such as the International Monetary Fund, the World Bank, and the OECD, as well as central banks, are trimming growth estimates to align with high inflation and slowing economic activity.". Global Inflation and Economic Uncertainty.

SAP 68

SAP Foreign Exchange Economics Budgeting 68

PYMNTS

JANUARY 14, 2019

The FinTech that sets its sights on Africa must grapple with the vagaries of 54 markets, 54 central banks, disparate tax and legal policies, and changing foreign exchange ( FX ) rates. billion in revenue in 2017, and is forecast to hit $29 billion in 2022, even with a relatively low internet penetration of around 35 percent.

eCommerce 85

eCommerce Foreign Exchange Accounting Banking 85

PYMNTS

APRIL 5, 2016

These profits are coming from the 3–5 percent foreign exchange fees that banks can charge for conducting a cross-border transfer, often through the costs that get tacked on as a payment moves between corresponding banks. To India, And Beyond . percent growth this year. percent in the three months to Dec. 2015, outpacing the 6.9

Banking 73

Banking Foreign Exchange Currencies Forecasting 73

Global Finance

MAY 10, 2024

billion GDP growth: -1.6% (2023), -2.8% (2024 forecast) Inflation: 254.2% (current); 69.5% (2024) Unemployment rate (Est. Capital controls and import restrictions due to the lack of confidence in public policies and the low level of foreign exchange reserves. Dependence on agricultural commodity prices and weather conditions.

Currencies 88

Currencies Economics Foreign Exchange Investments 88

CFO News Room

FEBRUARY 2, 2022

Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice.

Concentration 130

Concentration Investments Securities Currencies 130

PYMNTS

JANUARY 31, 2019

A forecast range of between $4.08 Schulman explained that the slower-than-expected revenue picture in Q4 was the result of foreign exchange (FX) pressures and slower-than-expected growth outside of eBay. billion and $4.13 billion falls short of the $4.16 billion for which analysts are looking. He then moved on to other metrics.

Foreign Exchange 58

Foreign Exchange Accounting Forecasting Sales 58

PYMNTS

JUNE 15, 2016

Cross-border operations can expose companies to an array of risks, including foreign exchange risk. “FX Options enable SMEs to predict their cash flow more accurately and develop more reliable business forecasting,” Glendenning stated. Managing FX risk, he continued, is key for a corporate’s bottom line.

Foreign Exchange 40

Foreign Exchange Currencies Prioritization Invoicing 40

Future CFO

SEPTEMBER 14, 2020

Forecasting will also become more challenging because COVID-19 has introduced a lot of uncertainties. A lot of FP&A depends on this type of data for forecasting. Without data, it becomes difficult to forecast “because we don’t carry a crystal ball,” said Gunarso. But they will face immense challenges from the onset.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Forecasting Planning Foreign Exchange 52

PYMNTS

AUGUST 29, 2017

The role of corporate treasurer now expands beyond handling foreign exchange volatility. Over the next three years, 64 percent of executives said cash management and forecasting will be critical in the treasury department as they navigate these risks and concerns. Handling Volatility.

Treasury 46

Treasury Foreign Exchange Cash Management Risk Management 46

Planful

SEPTEMBER 14, 2021

Steinway & Sons covered how it uses Planful to automate reports, ease monthly manufacturing analysis, and generate granular unit sales forecasts. Topics included: Learning how to modernize beyond static annual plans and start to “Plan For Change With Rolling Forecasts.”. Watch the thought leader sessions here.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Accounting Finance Planning 40

PYMNTS

JULY 20, 2016

Of course, foreign exchange volatility is a big issue. Foreign exchange fluctuation may be one of the most difficult aspects of international procurement, as even the big guys can rarely get a good grasp of it, Peterson explained.

Foreign Exchange 41

Foreign Exchange Currencies Forecasting Technology 41

PYMNTS

JUNE 30, 2016

Globalization has enterprises of all sizes keeping a closer eye on their exposure to risks related to foreign exchange volatility, political changes and the like. But not every firm is prioritizing the use of technology that can provide more sophisticated financial forecasting. “Corporates want to forecast,” he said.

Budgeting 40

Budgeting Treasury Forecasting Currencies 40

PYMNTS

APRIL 22, 2016

But technology is changing the foreign exchange trading game, and market volatility may be the only sure thing in this space. This involves treasurers collaborating with their banks and FinTech providers to forecast the direction of the FX market, while maintaining compliance with corporate policy on hedging. Amid the U.S.

Marketing 40

Marketing Foreign Exchange Treasury Currencies 40

PYMNTS

SEPTEMBER 4, 2018

Apart from supplier payments, the shift could have significant impacts on foreign exchange conversions for faster hedging, real-time investments, faster risk-mitigation capabilities and real-time visibility into more accurate cash positions. “As

Treasury 44

Treasury Foreign Exchange B2B Accounts Payable 44

PYMNTS

JUNE 21, 2019

MoneyGram has tapped into foreign exchange markets for settlements in the past. By changing to the XRP digital currency, however, it forecasts lower operating costs along with the value of working capital it needs. Karen Webster digs deep into one of the biggest payments developments of the past week.

Foreign Exchange 40

Foreign Exchange Currencies Healthcare Forecasting 40

PYMNTS

NOVEMBER 7, 2019

Square reported better-than-expected results for the third quarter and a brighter revenue forecast for the remainder of the year than analysts were expecting. Koenigsberg told Webster, “The rest of it is wire payments with foreign exchange, domestic wires, as well as cash and other types of transactions and checks.” .

Foreign Exchange 40

Foreign Exchange B2B Startups Accounting 40

PYMNTS

FEBRUARY 22, 2018

On the consumer side, forecasts for 257 million-plus smartphone users in the region by 2020, according to eMarketer research, mean broad potential for mobile transactions, faster payments and beyond. On the corporate side, initiatives from countries like Singapore are targeting areas like trade finance and cross-border B2B transactions.

SAP 41

SAP Foreign Exchange B2B Technology 41

Creative CFP

OCTOBER 2, 2020

When you pay the foreign supplier or receive money from a foreign client, Xero calculates the foreign exchange profit and loss and posts the journals automatically. Instead, I can look ahead in business and focus on cash flow forecasts and company targets and help business owners prepare for what is coming.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52

PYMNTS

APRIL 24, 2018

The takeover of City Forex, announced in February, followed last August’s acquisition of CardOne and the launch of its Fair Everywhere solution, a small business current account that includes global payment and foreign exchange management services.

Profit and Loss 40

Profit and Loss Foreign Exchange Corporate Finance Banking 40

PYMNTS

JANUARY 29, 2018

Ripple’s xRapid is a foreign exchange investment vehicle that allows companies to take their U.S. Rather than MoneyGram putting millions in cash into a country and then exposing that cash to price volatility, Holmes said, they would be able to exchange money in real time and on the fly.

Planning 48

Planning Currencies Foreign Exchange Valuation 48