Working capital drives your organization, turning funds into sales and profits. Inefficient use can mean missed opportunities and costly alternatives. Taking action now can help you build resilience to meet the next economic challenge.
Improve visibility over cash flows, positions and risk exposures. “Our view is the more precise we can get our forecast, the more we can reduce the cost of working capital,” says Holly Olson, Treasurer, AFL.
Communicate with the business and provide “a balance sheet and cashflow lens to decision-making, says Jonathon Traer-Clark, Managing Director, Wells Fargo.
Over 130 educational sessions curated across seven tracks and spanning four action-packed days at AFP 2024, October 20-23 in Nashville. Plan the ideal schedule to tackle your biggest challenges. Start exploring the agenda.
If you’ve discovered potential payments fraud, your top priority is to notify your bank. Then take action to prevent further losses from the fraudster. What should you do next? Here are recommendations from the experts at Truist.
Gather information about the scheme and perpetrators while it’s still fresh. Develop a timeline and collect any relevant documents and information.
Recovery timeframes are, on average, 90-120 business days. But know that the recovery of funds lost to fraud is not guaranteed. According to the 2024 Payments Fraud Survey, underwritten by Truist, 30% of respondents reported that their organizations were unable to recover funds lost due to fraud.
Arm your team with the skills they need to take your company to the next level. Find courses in Data Visualization, Excel, Modeling, and more. View the catalog.
The market expects interest rates to start to fall. While no one knows when rates will fall or by how much, treasury professionals can manage risk through cash segmentation.
What this looks like: Using a cash forecast, categorize cash into “buckets” according to the likely future needs of the business. Each bucket represents a different time horizon and tolerance for risk and can be invested in instruments that reflect that tolerance.
Why it matters: Treasury is responsible for preserving principal, ensuring access to liquidity and generating yield within acceptable risk parameters. These responsibilities remain the same, regardless of the interest rate environment.
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