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CFOs Failing Their Boards In Fraud, Risk Management

PYMNTS

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. That’s followed closely by performance risk management and strategic/operational risk management, each cited by 32 percent of survey respondents as areas in which CFOs fail to deliver.

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Treasury Is Becoming More Strategic — And Treasurers Know It

PYMNTS

New research from the Association for Financial Professionals (AFP) released Monday (May 22) found 80 percent of corporate treasurers agree the role has become more strategic in the last three years. The same amount of survey respondents also said the role of the treasury department will continue to devolve and become even more strategic.

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Treasurers Understand — But Aren’t Living Up To — Rising CFO Expectations

PYMNTS

Separate analysis from the Association for Financial Professionals (AFP), also released last year, further emphasized the shifting role of treasury, with 80 percent of treasurers surveyed agreeing that the position is playing a more strategic role than it did three years ago — and will continue to do so moving forward.

AFP
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Payments Acceleration Shifts The Risks For Buyers And Suppliers

PYMNTS

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis.

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Tracking Treasurers’ Progress In Handling Greater Corporate Responsibilities

PYMNTS

In their Strategic Role of Treasury Survey , the AFP and Marsh & McLennan identified the forces pressing companies to shift the treasury department into a more strategic position. Capital allocation, financial risk management, and treasury and payment technologies are also key areas of focus, researchers found.

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Corporate Treasurers, Treading Carefully Amid Regulatory Landmines

PYMNTS

Dodd-Frank, for example, deals with financial institutions and the people who use them; Basel III deals with risk management; the money market reform centers on finding conservative holdings and credit ratings. Regulatory frameworks for the above mandates are never one-size-fits-all. two years ago to 3.2

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Paper Checks’ Uncertain B2B Payments Future

PYMNTS

It seems every year for the past five years or so, B2B payments analysts have pondered the future of the paper check — and tried to predict its demise. Simply put: Crooks love checks,” Mike Vigue, VP of product strategy, cyberfraud and risk management at B2B payments company Bottomline Technologies, told PYMNTS.