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Most recently, Verizon , Freddie Mac and Publix all attributed the regulatory initiative to strong first-quarter performance, while TD Bank research published in March also found corporate treasurers to be widely optimistic about the Tax Cuts and Jobs Act introduced last year. corporates from spending their rising cash reserves.
A new report from treasury management technology firm Kyriba and CFO Research Services offered CFOs a chance to lay out their wish lists for their treasurer peers, with chief financial officers pushing the treasury function to embrace a more prominent role.
New research from Asset Benchmark Research suggests ties with regulators and even reputation are not the number one priority for corporate treasurers looking for a cashmanagement provider. Only 13 percent said they decreased the number of cashmanagement solution providers with which they were working.
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.
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.
New research finds that nearly all corporate treasurers agree that their relationship with financial institutions is a key factor in determining which bank to work with and where to invest short-term cash. The findings were detailed in the latest 2016 AFP Liquidity Survey , underwritten by State Street Global Advisors (SSGA).
In the context of the rollout of Same Day ACH, as well as new research that found companies have actually increased their use of the paper check in the last three years, the payment rail choice isn’t always easy. It’s unlikely that one payment technology will become so popular that it drives others into irrelevancy, he said.
The Association for Financial Professionals (AFP) released its 2016 Electronic Payments Survey earlier this year and found that use of paper checks in B2B payments actually rose 1 percent compared to 2013 levels. About 44 percent of payments received are in the form of a paper check too, the report noted.
Corporate treasurers show increasing interest in real time and faster payment solutions, the latest research suggests. Although new technology is appealing, treasury and finance professionals tend to stick with what works for them, and their vendors,” said AFP President and CEO Jim Kaitz.
Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis. Payments are, of course, a huge part of the risk management strategy. It makes liquidity and cashmanagement much easier,” he explained. Payment Shifts. In the U.S., In the U.S.,
Citing the 2016 AFP Payments Fraud and Control Survey, SunTrust attributed that figure to the use of non-electronic payments processes. Researchers found that companies want 40 percent more of their payments to be sent electronically so they can be processed faster, reduce costs and streamline workflows.
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