Articles
An In-House AI Solution to Improve FX Exposure Forecasting Accuracy
Faced with a forecasting process that was time-consuming, labor-intensive and prone to error, the treasury team at ASML collaborated with its data science colleagues to create a fully automated AI-powered model.
Faced with a forecasting process that was time-consuming, labor-intensive and prone to error, the treasury team at ASML collaborated with its data science colleagues to create a fully automated AI-powered model.
02/03/2025
Managing Vendors to Prevent Fraud
No matter how sophisticated fraud solutions become, payments fraud still runs rampant in the business world. The 2024 AFP® Payments Fraud and Control Survey Report found that 80% of organizations experienced actual or attempted fraud in 2023 — an increase of 15 percentage points since the previous year. Thirty percent of those organizations were unable to recover the funds they lost.
No matter how sophisticated fraud solutions become, payments fraud still runs rampant in the business world. The 2024 AFP® Payments Fraud and Control Survey Report found that 80% of organizations experienced actual or attempted fraud in 2023 — an increase of 15 percentage points since the previous year. Thirty percent of those organizations were unable to recover the funds they lost.
01/29/2025
Interchange Fees Explained: What They Are and How They Work
Interchange fees can add up to considerable costs for organizations that accept card payments. Understanding what interchange fees are and how they work is important to managing these costs effectively.
Interchange fees can add up to considerable costs for organizations that accept card payments. Understanding what interchange fees are and how they work is important to managing these costs effectively.
01/27/2025
AFP FP&A Advisory Councils Reflect on 2024 and Look Ahead to 2025
AFP’s North America, Asia-Pacific (APAC), Middle East and Africa (MEA) Financial Planning and Analysis Advisory Councils (FPAACs) help AFP deliver insightful, relevant and timely content to our membership and the FP&A community worldwide.
AFP’s North America, Asia-Pacific (APAC), Middle East and Africa (MEA) Financial Planning and Analysis Advisory Councils (FPAACs) help AFP deliver insightful, relevant and timely content to our membership and the FP&A community worldwide.
01/27/2025
An Introduction to Account Analysis Statements
An account analysis statement is a comprehensive financial document that banks, typically in the United States, provide to corporate account holders, often monthly. It lists the fees for banking services provided to the corporate client and any offsetting earnings credits for deposited funds.
An account analysis statement is a comprehensive financial document that banks, typically in the United States, provide to corporate account holders, often monthly. It lists the fees for banking services provided to the corporate client and any offsetting earnings credits for deposited funds.
01/23/2025
How Behavioral Biases and Culture Impact Risk Management
The AFP community discussed behavioral biases and cultural considerations in risk management, how CFOs are constantly balancing risk versus reward, and how the treasury and FP&A functions each play critical roles in managing risk.
The AFP community discussed behavioral biases and cultural considerations in risk management, how CFOs are constantly balancing risk versus reward, and how the treasury and FP&A functions each play critical roles in managing risk.
01/17/2025
An Introduction to Project Management for Finance
Whether or not you are formally tasked with project management, having project management skills can help you better satisfy stakeholder expectations and build allies throughout the organization.
Whether or not you are formally tasked with project management, having project management skills can help you better satisfy stakeholder expectations and build allies throughout the organization.
01/09/2025
The Value of Payments Pre-Validation
By utilizing pre-validation, organizations can verify critical information before payments are sent, reducing fraud and errors while minimizing delays and providing a streamlined experience.
By utilizing pre-validation, organizations can verify critical information before payments are sent, reducing fraud and errors while minimizing delays and providing a streamlined experience.
01/09/2025
Choosing a Current Asset Investment and Financing Strategy
The current asset investment and financing strategies you choose must consider several factors, including management’s risk tolerance, sales stability and predictability, lender concerns, the interest rate environment, availability of funds and supplier reliability.
The current asset investment and financing strategies you choose must consider several factors, including management’s risk tolerance, sales stability and predictability, lender concerns, the interest rate environment, availability of funds and supplier reliability.
01/07/2025
3 Ways AI Will Impact the Payments World in 2025
While no one knows for sure what developments will have the biggest impact, it’s safe to assume that artificial intelligence (AI) will play a key role in payments in the new year — for better or for worse.
While no one knows for sure what developments will have the biggest impact, it’s safe to assume that artificial intelligence (AI) will play a key role in payments in the new year — for better or for worse.
12/19/2024
Trends Shaping the Future of Treasury
Today’s changing political environment and fluctuating economic conditions increase the pressure to adapt and future-proof treasury operations. Resilience has become a defining theme for treasury.
Today’s changing political environment and fluctuating economic conditions increase the pressure to adapt and future-proof treasury operations. Resilience has become a defining theme for treasury.
12/19/2024
20 Treasury and FP&A Stats From 2024 You Should Know
We’re an organization that loves numbers, so we gathered 20 important stats from AFP’s 2024 surveys that every treasury and FP&A professional should know.
We’re an organization that loves numbers, so we gathered 20 important stats from AFP’s 2024 surveys that every treasury and FP&A professional should know.
12/18/2024
The Most Popular AFP Content of 2024
See the list of top AFP research and guides, articles and training from 2024, and discover which topics were the most popular among treasury and finance professionals this past year.
See the list of top AFP research and guides, articles and training from 2024, and discover which topics were the most popular among treasury and finance professionals this past year.
12/12/2024
Experts Answer: What Matters Most in a Successful Banking Relationship?
Experts discuss how the 2024 AFP Bank Relationship Management Survey findings translate, particularly when adapting to current challenges like integration issues, increased due diligence and evolving service expectations.
Experts discuss how the 2024 AFP Bank Relationship Management Survey findings translate, particularly when adapting to current challenges like integration issues, increased due diligence and evolving service expectations.
12/12/2024
A Multi-layered Approach to Combatting Payments Fraud
During an AFP webinar, industry experts discussed how things have changed since results from the 2024 AFP Payment Fraud and Control Survey, underwritten by Truist, were reported. There are new fraud trends, as well as methods organizations are taking to combat them.
During an AFP webinar, industry experts discussed how things have changed since results from the 2024 AFP Payment Fraud and Control Survey, underwritten by Truist, were reported. There are new fraud trends, as well as methods organizations are taking to combat them.
12/11/2024
Why Finance Professionals Should Pause to Zoom Out for Better Results
In the fast-paced world of finance, it’s easy to focus solely on the next deliverable, deadline or deal. But have you ever considered that stepping back — pausing and zooming out — might actually help your team generate more innovative and creative outcomes?
In the fast-paced world of finance, it’s easy to focus solely on the next deliverable, deadline or deal. But have you ever considered that stepping back — pausing and zooming out — might actually help your team generate more innovative and creative outcomes?
12/05/2024
What Finance Professionals Learned in 2024
With each new year comes the opportunity to learn and grow. Some lessons are inspiring, and some can be a challenge, but all are worthwhile.
With each new year comes the opportunity to learn and grow. Some lessons are inspiring, and some can be a challenge, but all are worthwhile.
12/02/2024
Finance Professionals Share Their Goals for 2025
Looking for inspiration for your goals? We asked members of our global FP&A Advisory Councils to share with us some of their professional goals for 2025.
Looking for inspiration for your goals? We asked members of our global FP&A Advisory Councils to share with us some of their professional goals for 2025.
12/02/2024
7 Ways to Support Employee Career Development and Advancement
Show your workers they have both company and manager support in their desire to grow professionally.
Show your workers they have both company and manager support in their desire to grow professionally.
11/29/2024
Making the Case for AP Automation at AFP 2024
While automation is ideal for many AP departments, convincing the CFO to invest in the technology requires the identification of key pain points and a careful business case to show why such an investment is needed.
While automation is ideal for many AP departments, convincing the CFO to invest in the technology requires the identification of key pain points and a careful business case to show why such an investment is needed.
11/26/2024
How to Navigate Supply Chains in a Volatile World
CFOs’ focus has shifted to a defensive, risk-averse stance when it comes to the supply chain — regardless of whether they are a producer or a consumer of goods.
CFOs’ focus has shifted to a defensive, risk-averse stance when it comes to the supply chain — regardless of whether they are a producer or a consumer of goods.
11/22/2024
Risk Management Requires Close Collaboration Between Treasury and FP&A
The reality of today’s complex and often unpredictable world of corporate finance is that companies can no longer allow FP&A and Treasury to operate in silos.
The reality of today’s complex and often unpredictable world of corporate finance is that companies can no longer allow FP&A and Treasury to operate in silos.
11/21/2024
How to Set Goals for 2025
The start of a new year is synonymous with goal setting. We spend the year-end reflecting on what we accomplished, what didn’t work out, and how we want the new year to be different, and then we set goals accordingly.
The start of a new year is synonymous with goal setting. We spend the year-end reflecting on what we accomplished, what didn’t work out, and how we want the new year to be different, and then we set goals accordingly.
11/20/2024
5 Insights on Navigating Treasury Technology
Technology is fundamentally transforming the treasury function. Automation is freeing treasury teams to focus on value-added activities such as strategic planning, risk management and business advisory services.
Technology is fundamentally transforming the treasury function. Automation is freeing treasury teams to focus on value-added activities such as strategic planning, risk management and business advisory services.
11/19/2024
AFP Announces New Board Leadership and 5 New Members to Its Board of Directors
AFP is proud to introduce the new chair, vice chairs and five new members to its Board of Directors.
AFP is proud to introduce the new chair, vice chairs and five new members to its Board of Directors.
11/18/2024
Understanding the Difference Between Cash Flow and Profit
Cash flow and profit are two essential financial metrics. Understanding the difference between the two is important to effective decision-making for an organization.
Cash flow and profit are two essential financial metrics. Understanding the difference between the two is important to effective decision-making for an organization.
11/18/2024
5 Components of a Data Strategy
Developing a robust data strategy has become increasingly important for treasury organizations as they seek to take advantage of opportunities to build actionable forecasting and planning tools.
Developing a robust data strategy has become increasingly important for treasury organizations as they seek to take advantage of opportunities to build actionable forecasting and planning tools.
11/15/2024
Who Is Your Minister of Digital Transformation?
During the Payments Keynote address at AFP 2024, Kelvin Coleman, who formerly served as Executive Director for TIC Council Americas and CEO and Executive Director of the National Cybersecurity Alliance, urged treasury and finance professionals to identify an individual — a Minister of Digital Transformation — to address unforeseen threats and challenges.
During the Payments Keynote address at AFP 2024, Kelvin Coleman, who formerly served as Executive Director for TIC Council Americas and CEO and Executive Director of the National Cybersecurity Alliance, urged treasury and finance professionals to identify an individual — a Minister of Digital Transformation — to address unforeseen threats and challenges.
10/31/2024
4 Tips to Future-Proof Treasury
The current rapid pace of innovation in treasury technology offers plenty of opportunities for treasurers to improve operational efficiency.
The current rapid pace of innovation in treasury technology offers plenty of opportunities for treasurers to improve operational efficiency.
10/30/2024
Bonds vs. Stocks: What’s the Difference?
Stocks and bonds are two of the most common investment vehicles. Both can be beneficial to your organization’s investment portfolio. How much you invest and where depends on your risk tolerance, timeline and investment goals.
Stocks and bonds are two of the most common investment vehicles. Both can be beneficial to your organization’s investment portfolio. How much you invest and where depends on your risk tolerance, timeline and investment goals.
10/30/2024
Getting Paid Faster: How AI-Driven Automation Can Expedite and Enhance Accounts Receivable
Of the processes related to accounts receivable (AR), matching payments data to remittance data can be one of the most tedious and time-consuming, especially when it’s manual.
Of the processes related to accounts receivable (AR), matching payments data to remittance data can be one of the most tedious and time-consuming, especially when it’s manual.
10/28/2024
IBM Corporation Wins the AFP 2024 Pinnacle Awards
IBM Corporation was named the winner of the AFP 2024 Pinnacle Awards Grand Prize for excellence in treasury and finance.
IBM Corporation was named the winner of the AFP 2024 Pinnacle Awards Grand Prize for excellence in treasury and finance.
10/21/2024
Best Practices for Onboarding a New Hire in FP&A
Investing in a planned and comprehensive onboarding strategy can foster a sense of belonging, reduce the time it takes for new hires to become productive, and minimize the risk of errors.
Investing in a planned and comprehensive onboarding strategy can foster a sense of belonging, reduce the time it takes for new hires to become productive, and minimize the risk of errors.
10/18/2024
New Hire Onboarding Checklist for FP&A
An onboarding checklist for FP&A should cover the three main dimensions of FP&A skills, as described in the FP&A Maturity Model: personal & team effectiveness, finance & financial processes, and technology & data.
An onboarding checklist for FP&A should cover the three main dimensions of FP&A skills, as described in the FP&A Maturity Model: personal & team effectiveness, finance & financial processes, and technology & data.
10/18/2024
Create a Treasury Policy in 5 Steps
A treasury policy is a set of clear guidelines that helps your organization manage key risks, set limits and define accountabilities within treasury operations. It serves as a roadmap, outlining essential risk management practices and establishing how performance should be evaluated.
A treasury policy is a set of clear guidelines that helps your organization manage key risks, set limits and define accountabilities within treasury operations. It serves as a roadmap, outlining essential risk management practices and establishing how performance should be evaluated.
10/15/2024
Ready Your Finance Team for the AI Era
Now that AI is becoming a fixture of many finance teams' operations, leaders are wondering how its involvement will fundamentally improve their decision-making processes. Although finance organizations are adapting AI to enhance operations and streamline processes, leveraging it for improved decision-making is still fairly new.
Now that AI is becoming a fixture of many finance teams' operations, leaders are wondering how its involvement will fundamentally improve their decision-making processes. Although finance organizations are adapting AI to enhance operations and streamline processes, leveraging it for improved decision-making is still fairly new.
10/07/2024
4 Insights for Effective Communication in Finance
Beyond balance sheets and market trends lies a powerful tool that can make or break financial endeavors: effective communication. While data drives decisions, it's effective communication that propels understanding and action.
Beyond balance sheets and market trends lies a powerful tool that can make or break financial endeavors: effective communication. While data drives decisions, it's effective communication that propels understanding and action.
10/07/2024
Building Resilience in Working Capital
Prudent companies will always look to build resilience in their working capital to develop some protection against the vagaries of the market.
Prudent companies will always look to build resilience in their working capital to develop some protection against the vagaries of the market.
10/02/2024
Two Treasurers Share Their TMS Implementation Journeys
Two treasurers who work for companies in different industries share their ongoing treasury management system (TMS) implementation journeys and the lessons learned along the way.
Two treasurers who work for companies in different industries share their ongoing treasury management system (TMS) implementation journeys and the lessons learned along the way.
09/19/2024
Cost Optimization: Building Sustainable Advantage
An empowered FP&A team that builds relationships with the business, looks at data in a new context and creates a disciplined structure can change the business mindset to own cost optimization activities.
An empowered FP&A team that builds relationships with the business, looks at data in a new context and creates a disciplined structure can change the business mindset to own cost optimization activities.
09/18/2024
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