From the category archives:
This afternoon I visited the Federal Reserve Bank of San Francisco. I am on the board of the SF Treasury Management Association and every year we organize a tour for our members. The Fed Reserve tours are open to the public and geared toward high school-aged kids. But everyone gets giddy around piles and piles [...]
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A new report from Forrester underscores a theme that my partner Carol Coye Benson and I have been championing for months now. Widespread adoption of B2B electronic payments is dependent upon an open directory that allows business buyers that want to pay electronically find out which of their myriad of suppliers accept electronic payment and [...]
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GTNews – the go to source for global treasury news – is soliciting questions about SWIFT connectivity for Corporates. If you’ve been meaning to learn more, go to the GTNews home page and navigate to the blue box on the bottom right.
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Last week Glenbrook conducted an “Opportunities in B2B Payments” workshop in New York City. Erin McCune and I led the workshop, which was attended by product strategists from card networks, NACHA, The Clearing House, major banks, processors, software and service providers and payments start-up companies. The group had significant experience in B2B payments and shared [...]
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A recent survey by Treasury & Risk Magazine reveals that only half of companies with revenues under $2 billion have automated either their accounts receivable (A/R) or accounts payable (A/P) processes:
Just over half of the firms that participated in the survey use an ERP system (56%, up from 43% last year) and 25% have a [...]
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According to a recent survey by CFO.com of finance executives, not only does it cost more to borrow in the current climate, but the quality and breadth of services available from commercial lenders has deteriorated. Seems the bankers are too preoccupied trying to remain in business and keep their jobs to tend to their customers. [...]
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A new study from Deloitte reveals that there is a high correlation between bankruptcy and fraud. With economic conditions likely to drive more companies to consider filing for bankruptcy protection, one potential concern is whether the greater scrutiny that generally results, could lead to claims of fraud against the company and its executives.
“In the [...]
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From CFO.com
Since the credit-crisis began to hit its crescendo in mid-September,
CFOs at companies of all sizes have been paying ever closer attention
to the cash streaming through their businesses and keeping careful
watch on their suppliers' credit terms and their customers' viability.
No one wants to see the current credit freeze among wary banks repeated
between customers and vendors. [...]
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This is fascinating:
The American International Group is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October, The New York Times’s Mary Williams Walsh says.
Some analysts say at least part [...]
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Last week at the monthly SF Treasury Management Association luncheon I heard a great presentation from the University of California, Office of the President (UCOP). Its banking/treasury services cover 10 campuses, 5
medical centers, 200 bank accounts and a budget of over $18 billion. Each campus is like a city with thousands of incoming and outgoing [...]
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A survey of corporate finance professionals attending the annual Association for Financial Professionals (AFP) conference in LA this week reveals that they perceive the credit market is stabilizing due to recent government actions. The U.S.
Treasury plan to purchase an equity stake in key financial institutions
and guarantee money market funds, along with the Federal Reserve’s plan
to [...]
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Over at Information Arbitrage, Roger Ehrenberg has the following reflection on the predicament facing many blue chip companies in the midst of the financial crisis:
Does GE really perceive themselves to be AAA if they are motivated to raise money on the terms proposed by Mr. Buffett? Something is grossly wrong with this picture. Either [...]
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The Association of Financial Professionals just published research on short-term credit access for corporates. The survey was originally
conducted in early September and was supplemented by a shorter
survey conducted in last week to reflect evolving market
conditions.
Highlights:
The recent turmoil in the financial markets has had a direct impact on
the ability of organizations to access short-term credit. As [...]
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My previous post on Wells Fargo's mobile banking for corporates was very popular, so I imagine Forte Blog readers will be interested in these recent updates to WF's CEO Mobile service:
Wires: CEO Mobile users now can initiate and approve wires from wherever they are and are no longer tied to their PC in the office. [...]
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A couple articles of interest at GTNews this week:
Payments in Need of StandardisationJonathan Williams, Experian PaymentsCorporate treasurers are facing pressures to consolidate and standardise their processes – how can they balance these requirements?
SEPA Security – Lessons Worth Learning from the PastSteve Brunswick, Thales e-SecuritySEPA security should not be regarded as a daunting task but instead [...]
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Glenbrook Payments Boot Camp
Mar 10-11, 2010, Santa Clara, CA
May 19-20, 2010, Santa Clara, CA
Headlines from Payments News
