AMLMaps™ has been developed to give the global Anti-Money Laundering professional a singular, comprehensive and easy to reference resource for AML records, penalties & actions, from across the world.
AMLMaps™ is currently in Beta Mode, as our team of experts, researchers and AML professionals continue to develop & enhance its features with valuable inputs & insights, given by users.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
White-Collar Crime Fighter Newsletter Subscribe Now at No Cost!
FraudResourceNet has made the premier Anti-Fraud newsletter, White-Collar Crime Fighter freely available to all. All this is required is to complete the registration form with your work email address!
The widely read newsletter, White-Collar Crime Fighter brings you expert strategies and actionable advice from the most prominent experts in the fraud-fighting business. Every two months you'll learn about the latest frauds, scams and schemes... and the newest and most effective fraud-fighting tools, techniques and technologies to put to work immediately to protect your organization.
When it comes to fraud, knowledge of the countless schemes, how they work and red flags to look for will help keep you, your organization and your clients safe.
At FraudResourceNet we understand this and take great pride in providing our FREE White Collar Crime Fighter newsletter -- filled with exclusive articles and tips to provide the knowledge you need.
Make sure you stay informed. Sign up for White Collar Crime Fighter newsletter and we’ll keep you up-to-date on special promos, training opportunities, and other news and offers from FraudResourceNet!
Signing up is easy and FREE. If you have not already subscribed to our newsletter, please sign up to get started!
Sign up for the White Collar Crime Fighter Newsletter (a $99 value ... now completely FREE)
Even though many organizations only care about the return on investment (ROI), but they never revisit it. Treasurers rarely toot their own horn about achieving or exceeding promised ROI. During this presentation we will examine vital financial benefits derived from both strategic and operational changes made possible with modern technology. It will cover some leading practices and preventable pitfalls others have made while making the case for treasury technology.
This presentation will provide you with tools to improve how you “make the case” for technology.
Bill paying habits among accounting and accounts payable professionals are far more advanced at home, where they use a number of electronic payment methods, than at work, where they overwhelmingly rely on paper checks.
AMLMaps™ has been developed to give the global Anti-Money Laundering professional a singular, comprehensive and easy to reference resource for AML records, penalties & actions, from across the world.
AMLMaps™ is currently in Beta Mode, as our team of experts, researchers and AML professionals continue to develop & enhance its features with valuable inputs & insights, given by users.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
White-Collar Crime Fighter Newsletter Subscribe Now at No Cost!
FraudResourceNet has made the premier Anti-Fraud newsletter, White-Collar Crime Fighter freely available to all. All this is required is to complete the registration form with your work email address!
The widely read newsletter, White-Collar Crime Fighter brings you expert strategies and actionable advice from the most prominent experts in the fraud-fighting business. Every two months you'll learn about the latest frauds, scams and schemes... and the newest and most effective fraud-fighting tools, techniques and technologies to put to work immediately to protect your organization.
When it comes to fraud, knowledge of the countless schemes, how they work and red flags to look for will help keep you, your organization and your clients safe.
At FraudResourceNet we understand this and take great pride in providing our FREE White Collar Crime Fighter newsletter -- filled with exclusive articles and tips to provide the knowledge you need.
Make sure you stay informed. Sign up for White Collar Crime Fighter newsletter and we’ll keep you up-to-date on special promos, training opportunities, and other news and offers from FraudResourceNet!
Signing up is easy and FREE. If you have not already subscribed to our newsletter, please sign up to get started!
Sign up for the White Collar Crime Fighter Newsletter (a $99 value ... now completely FREE)
Even though many organizations only care about the return on investment (ROI), but they never revisit it. Treasurers rarely toot their own horn about achieving or exceeding promised ROI. During this presentation we will examine vital financial benefits derived from both strategic and operational changes made possible with modern technology. It will cover some leading practices and preventable pitfalls others have made while making the case for treasury technology.
This presentation will provide you with tools to improve how you “make the case” for technology.
Bill paying habits among accounting and accounts payable professionals are far more advanced at home, where they use a number of electronic payment methods, than at work, where they overwhelmingly rely on paper checks.
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the February briefing on anti-money laundering. For more information visit http://www.bovill.com/FinancialCrime.aspx.
Information on the event is below:
Taking a company-wide approach to money laundering
“The FCA has made it very clear that responsibility for the overall culture of firms sits at the top. We need leaders and senior managers within the industry to set the tone for how their staff behave.”
Tracey McDermott, Director of Enforcement and Financial Crime, FCA
The regulator has recently reiterated their intention to carry out further thematic and enforcement work in financial crime. However, many firms still have a fragmented approach to managing the risks of money laundering.
The responsibility for preventing financial crime is shared across the firm from the back office to the boardroom. Firms need to take a company-wide approach to tackling money laundering to ensure they are complying with regulation and managing risks effectively.
Bovill’s briefing looked at Anti-Money Laundering (AML), covering:
• Governance arrangements: as the foundation for effective communication and issue resolution
• Risk management: the difficulties of negotiating the right level of due diligence for higher risk customers and what tools can be used to help with this process
• Systems and controls: ensuring that these are fit for regulatory purpose and are appropriately maintained within your firm.
Corporate FX Questions and Answers for 2016FiREapps
Andy Gage (VP at FiREapps) and Bruce Lynn (MP at FECG) explore corporate foreign currency management programs that have emerged in response to increasing and sustained complexity and volatility in the global currency markets over the past year and beyond.
How to Use Data Analytics to Detect Fixed Asset and Inventory FraudFraudBusters
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
White-Collar Crime Fighter Newsletter Subscribe Now at No Cost!
FraudResourceNet has made the premier Anti-Fraud newsletter, White-Collar Crime Fighter freely available to all. All this is required is to complete the registration form with your work email address!
The widely read newsletter, White-Collar Crime Fighter brings you expert strategies and actionable advice from the most prominent experts in the fraud-fighting business. Every two months you'll learn about the latest frauds, scams and schemes... and the newest and most effective fraud-fighting tools, techniques and technologies to put to work immediately to protect your organization.
When it comes to fraud, knowledge of the countless schemes, how they work and red flags to look for will help keep you, your organization and your clients safe.
At FraudResourceNet we understand this and take great pride in providing our FREE White Collar Crime Fighter newsletter -- filled with exclusive articles and tips to provide the knowledge you need.
Make sure you stay informed. Sign up for White Collar Crime Fighter newsletter and we’ll keep you up-to-date on special promos, training opportunities, and other news and offers from FraudResourceNet!
Signing up is easy and FREE. If you have not already subscribed to our newsletter, please sign up to get started!
Sign up for the White Collar Crime Fighter Newsletter (a $99 value ... now completely FREE)
Fundamental controlling tool of fraud prevention and detection designed for company owners and top management. Protect at work and in business those honest against those unfair.
www.forensicline.eu
The GFC has affected the risk environment for organisations in many ways, one of which is the risk for internal and external fraud. Understanding the changes, and some of the specific areas of risk, and taking action is important to maintain effective corruption prevention
We continued our Celebrating 40 Years of Excellence! Fall Webinar Series with a webinar titled Fraud Prevention and Detection: Surprise Fraudsters Before They Surprise You. This webinar was hosted by Sam BowerCraft, Senior Manager and Dave Hammarberg , IT Director with McKonly & Asbury.
Check out our Upcoming Events page for news and updates on our future seminars and webinars at http://www.macpas.com/events/.
View a full recap of this webinar at http://www.macpas.com/fraud-prevention-and-detection-webinar/.
On December 5, 2013, Ron Steinkamp, principal, government advisory services at Brown Smith Wallace, presented at the 2013 MIS Training Institute Governance, Risk & Compliance Conference. Ron focused on the following keys to fraud prevention, detection and reporting:
1. Anti-fraud culture
2. Fraud policy
3. Fraud awareness/training
4. Hotline
5. Assess fraud risks
6. Review/investigation
7. Improved controls
Ran a Fraud Investigation session online for The Institute of Chartered Accountants of Pakistan. These are slides for day 1. They cover introduction and context of fraud, profile of fraudsters, fraud investigations broad appraoch etc.
Migration analysis is a rigorous analytical process recommended by the regulatory agencies to determine financial institutions’ ALLL; yet it is underutilized. This type of analysis uses loan level attributes to track the movement of loans through the various loan classifications in order to estimate the percentage of losses likely to be incurred in a financial institution’s current portfolio.2 The purpose of migration analysis is to determine what rate of loss an institution has incurred on similarly criticized or past due loans.3 This purpose is the same as that of historical loss rate analysis, but it is more granular and therefore can give a truer reflection of the losses inherent in the current portfolio. For proper application, migration analysis requires extensive data collection and consistent, prudent risk rating methodology. The following outlines the problems and benefits of the migration analysis approach.
Recognizing and Preventing Fixed Asset and Inventory Fraud using Data AnalysisFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud Using Data Analytics. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on fraud detection using data analytic software (Excel, ACL, IDEA)
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
this was article made by Stefania De Simone
Researcher in Organizational Behavior
Institute for Research on Innovation and Services for Development
National Research Council of Italy
Naples, Italy
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the February briefing on anti-money laundering. For more information visit http://www.bovill.com/FinancialCrime.aspx.
Information on the event is below:
Taking a company-wide approach to money laundering
“The FCA has made it very clear that responsibility for the overall culture of firms sits at the top. We need leaders and senior managers within the industry to set the tone for how their staff behave.”
Tracey McDermott, Director of Enforcement and Financial Crime, FCA
The regulator has recently reiterated their intention to carry out further thematic and enforcement work in financial crime. However, many firms still have a fragmented approach to managing the risks of money laundering.
The responsibility for preventing financial crime is shared across the firm from the back office to the boardroom. Firms need to take a company-wide approach to tackling money laundering to ensure they are complying with regulation and managing risks effectively.
Bovill’s briefing looked at Anti-Money Laundering (AML), covering:
• Governance arrangements: as the foundation for effective communication and issue resolution
• Risk management: the difficulties of negotiating the right level of due diligence for higher risk customers and what tools can be used to help with this process
• Systems and controls: ensuring that these are fit for regulatory purpose and are appropriately maintained within your firm.
Corporate FX Questions and Answers for 2016FiREapps
Andy Gage (VP at FiREapps) and Bruce Lynn (MP at FECG) explore corporate foreign currency management programs that have emerged in response to increasing and sustained complexity and volatility in the global currency markets over the past year and beyond.
How to Use Data Analytics to Detect Fixed Asset and Inventory FraudFraudBusters
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
White-Collar Crime Fighter Newsletter Subscribe Now at No Cost!
FraudResourceNet has made the premier Anti-Fraud newsletter, White-Collar Crime Fighter freely available to all. All this is required is to complete the registration form with your work email address!
The widely read newsletter, White-Collar Crime Fighter brings you expert strategies and actionable advice from the most prominent experts in the fraud-fighting business. Every two months you'll learn about the latest frauds, scams and schemes... and the newest and most effective fraud-fighting tools, techniques and technologies to put to work immediately to protect your organization.
When it comes to fraud, knowledge of the countless schemes, how they work and red flags to look for will help keep you, your organization and your clients safe.
At FraudResourceNet we understand this and take great pride in providing our FREE White Collar Crime Fighter newsletter -- filled with exclusive articles and tips to provide the knowledge you need.
Make sure you stay informed. Sign up for White Collar Crime Fighter newsletter and we’ll keep you up-to-date on special promos, training opportunities, and other news and offers from FraudResourceNet!
Signing up is easy and FREE. If you have not already subscribed to our newsletter, please sign up to get started!
Sign up for the White Collar Crime Fighter Newsletter (a $99 value ... now completely FREE)
Fundamental controlling tool of fraud prevention and detection designed for company owners and top management. Protect at work and in business those honest against those unfair.
www.forensicline.eu
The GFC has affected the risk environment for organisations in many ways, one of which is the risk for internal and external fraud. Understanding the changes, and some of the specific areas of risk, and taking action is important to maintain effective corruption prevention
We continued our Celebrating 40 Years of Excellence! Fall Webinar Series with a webinar titled Fraud Prevention and Detection: Surprise Fraudsters Before They Surprise You. This webinar was hosted by Sam BowerCraft, Senior Manager and Dave Hammarberg , IT Director with McKonly & Asbury.
Check out our Upcoming Events page for news and updates on our future seminars and webinars at http://www.macpas.com/events/.
View a full recap of this webinar at http://www.macpas.com/fraud-prevention-and-detection-webinar/.
On December 5, 2013, Ron Steinkamp, principal, government advisory services at Brown Smith Wallace, presented at the 2013 MIS Training Institute Governance, Risk & Compliance Conference. Ron focused on the following keys to fraud prevention, detection and reporting:
1. Anti-fraud culture
2. Fraud policy
3. Fraud awareness/training
4. Hotline
5. Assess fraud risks
6. Review/investigation
7. Improved controls
Ran a Fraud Investigation session online for The Institute of Chartered Accountants of Pakistan. These are slides for day 1. They cover introduction and context of fraud, profile of fraudsters, fraud investigations broad appraoch etc.
Migration analysis is a rigorous analytical process recommended by the regulatory agencies to determine financial institutions’ ALLL; yet it is underutilized. This type of analysis uses loan level attributes to track the movement of loans through the various loan classifications in order to estimate the percentage of losses likely to be incurred in a financial institution’s current portfolio.2 The purpose of migration analysis is to determine what rate of loss an institution has incurred on similarly criticized or past due loans.3 This purpose is the same as that of historical loss rate analysis, but it is more granular and therefore can give a truer reflection of the losses inherent in the current portfolio. For proper application, migration analysis requires extensive data collection and consistent, prudent risk rating methodology. The following outlines the problems and benefits of the migration analysis approach.
Recognizing and Preventing Fixed Asset and Inventory Fraud using Data AnalysisFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud Using Data Analytics. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on fraud detection using data analytic software (Excel, ACL, IDEA)
FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web.
FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware.
The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts.
FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
this was article made by Stefania De Simone
Researcher in Organizational Behavior
Institute for Research on Innovation and Services for Development
National Research Council of Italy
Naples, Italy
Die Kurden gelten als eines der ältesten Völker der Welt. Ihre Heimat Kurdistan, erstreckt sich über das Länderviereck Türkei, Iran, Irak und Syrien. Die kurdische Bevölkerungszahl liegt zwischen 35 bis 40 Millionen. Etwa 2 Million Kurden leben in Europa, davon 1 Million in Deutschland.
In den Klängen der Dengbej, der kurdischen Barden spiegelt sich die leidvolle Geschichte der Kurden wieder. Wie ein Klagelied erzählen die Dengbej über die Kurden mit all ihren Mythen in den vier Dialekten der kurdischen Sprache Kurmancî, Zazakî, Soranî und Goranî. Die kurdische Sprache gehört zu den indogermanischen Sprachen.
Wie jedes Jahr, haben die VII. Kurdischen Kulturtage den Anspruch den Besuchern mit Ihrem Programm die Kurdische Kultur näher zu bringen. Das reiche Kulturprogramm mit seinen vielfältigen Künstlern, Sängern und Schriftstellern wurde mit größter Sorgfalt zusammengestellt und wird in kurdischer und deutscher Sprache moderiert.
Wir wünschen allen Besuchern bereits jetzt eine gute Unterhaltung und Verbleiben herzlichst!
Projektteam Kurdische Kulturtage Nürnberg
The UK Payments Barometer, is based on a survey of over 400 financial decision makers, including business owners, CFOs, CEOs, CTOs and COOs, on areas including cash management, fraud and payments. A broad range of UK businesses were included, from small businesses to enterprises organisations. It aims to track the health of UK businesses from a financial decision making and risk management perspective. The 2016 report cites payment fraud and errors as the biggest challenge currently faced by financial decision makers.
Intelligent Finance Operations: The CFO's most powerful assetAccenture Operations
Can your finance operations lead the way? If recent history has taught us anything, it’s to expect the unexpected.
The unpredictable. Even the unprecedented.
Всемирный обзор экономических преступлений за 2016 годPwC Russia
В рамках подготовки Всемирного обзора экономических преступлений PwC за 2016 год было опрошено более 6 000 участников из 115 стран. Несмотря на незначительное общее снижение количества зарегистрированных экономических преступлений, финансовая стоимость каждого отдельного мошеннического действия увеличивается. Четырнадцать процентов респондентов столкнулись с убытками на сумму более 1 млн долл. США за последние два года.
On May 26th and 27th, BNP Paribas hosted the 9th Cash Management University. This edition discussed several topics concerning 'innovations in cash management"
Across Health Multichannel Maturometer 2018Across Health
Across Health is pleased to present you with the state of the multichannel landscape in life sciences in Europe, US and emerging markets – now in its tenth year. Results show that digitally trained staff numbers are still at historically low levels, and the same goes for other key enablers for digital transformation. Also, while we see budgets keep on growing, satisfaction remains low.
In this report we look at consumer views on credit reports, including their usage and understanding of them. The findings reveal that whilst consumers have reasonable understanding of their credit reports, they lack knowledge of what to do with the information and would greatly value
more help and assistance from banks and others, on how to better manage and improve their credit profile. There is significant appetite amongst consumers to learn more and a clear opportunity for organisations that are prepared to engage with them.
1. Corporate Treasury
& CFO Outlook
A report on the outlook of Australia’s
Corporate Treasurers and Chief Financial Officers
2. Corporate Treasury Outlook September 2014 2
Welcome to BNP Paribas’ Corporate Treasury & CFO Outlook
This study reveals the outlooks and concerns of chief financial officers (CFOs) and treasurers for their
corporate operations.
It found their greatest concern is reporting, which worries over half (57%) of CFOs and corporate treasurers.
Meeting regulation also occupied between 10-30% of the time for half (53%) of them, while for a further third it
occupied more than 30% of their time.
Accurate cash forecasting was the next major issue that keeps over half of them (53%) awake at night.
Funding costs and associated risks was the next major concern for just under half (47%) of those polled. Credit
risk concerned a quarter (27%), followed by foreign exchange (20%) and interest rate risk (13%).
Looking forward, almost two-thirds (60%) of CFOs and corporate treasurers seek to reduce costs further; while
57% aim to provide a better return on their cash.
The study also identified that some treasuries are struggling with getting the best out of their cash management
and there is a special focus on this in this report that found:
Accurate cash forecasting and staff management keeps almost a third (30%) up at night, while
Liquidity challenges concern a quarter (27%), and
Balance sheet optimisation worries just under a quarter (23%)
Almost a third (30%), are not managing their cash as effectively as possible or are uncertain, and
Less than 50% of external payments are automated, and
Almost a third have less than 50% visibility on their cash balances.
The majority (53%) allocate their cash surplus to traditional bank deposits and acknowledge their
comparative low rate of return from their cash holdings.
Overall, treasurers are becoming the bankers of their corporations.
If you have any questions, or would like assistance, please let us know.
We hope you find the results useful.
Filipe Simao Chrystie Dao-Szabo
Head of Client Advisory Global Transaction Banking
BNP Paribas BNP Paribas
If you are interested in participating in future poll programs please contact us at
brand.communications@au.bnpparibas.com
3. Corporate Treasury Outlook September 2014 3
What keeps CFOs and corporate treasurers awake at night?
While there is a range of issues that concern chief financial officers and corporate treasurers in Australia, it is
reporting that is the top-ranked, keeping over half (57%) of them up of an evening.
The quality of their cash forecasting came in a close second, also concerning over half (53%). Forecasting
challenges have significantly increased with globalisation often resulting in regional treasury and operating
teams being set further apart. Technology has a role to play in providing solutions here, with group-wide
treasury management systems facilitating the consolidation of forecasts from local teams. IT solutions can also
help with reporting and information management.
Funding costs and associated risks ranked third, worrying 47%; while information management rated fourth
(37%) among respondents (who were able to select more than one response).
What are your top concerns in your treasury department today?
Source: BNP Paribas as at August 2014
4. Corporate Treasury Outlook September 2014 4
Risks – credit is the most concerning
Of all the risks that CFOs and corporate treasurers face, credit risk is their most concerning, worrying over a
quarter (27%).
Foreign exchange risk ranked next, worrying almost a quarter (23%). Interest rate risk and supply chain risks
both ranked equal third (12%).
This survey also noted an increased awareness on cyber risks. Fraud, more recently associated with complex
social engineering, is a key risk for all, corporates and banks alike. Traditional security responses, such as PKI
authentication and biometrics, only offer partial protection. Awareness and education of back-office staff still
have a key role to play.
What area of risk concerns you the most?
Source: BNP Paribas as at August 2014
5. Corporate Treasury Outlook September 2014 5
Regulation takes time and money
Increasing regulatory and compliance requirements are also a major concern for CFOs and corporate
treasurers. Half of respondents (54%) reported that meeting compliance and regulatory requirements takes
between 10-30% of their day. For one in five respondents, it takes between 30-50% of their time.
Compliance, both internal and external, and regulatory reporting requirements have increased - both at home
and overseas.
It is unlikely that reporting pressure will decrease in the near future, rather they will continue to become part of
the ‘new normal’.
In short, corporate treasurers are increasingly becoming the bankers of their organisations. Some are even
looking at setting up an in-house bank or at least partnering more with their bank/s.
How much of your treasury department’s time is dedicated to compliance and regulation?
Source: BNP Paribas as at August 2014
6. Corporate Treasury Outlook September 2014 6
Cash management focus
Several respondents noted the cash management operations of their treasuries are becoming increasingly
important as they seek to better manage and obtain greater returns on their cash holdings.
While the majority of respondents are satisfied with their cash management, almost a third (30%) are not - or
are uncertain - as to the effectiveness of their processes and systems, as shown below.
Inefficiencies cost precious time and often bring in unnecessary risks. Seeking the views of banks, consultants
and IT vendors are a good starting point for treasurers who are unhappy or uncertain with the effectiveness of
their cash management processes.
We note that for those who have global responsibility, cross-border physical pooling is becoming more common,
with just a few not using cash pooling.
Do you think you are managing your cash as effectively as possible?
Source: BNP Paribas as at August 2014
7. Corporate Treasury Outlook September 2014 7
Cash forecasting keeps CFOs and treasurers up at night
Almost a third of respondents (30%) said their cash forecasting keeps them awake of a night.
For another third (30%), treasury staff management keeps them up of an evening. Liquidity concerns 27% while
balance sheet optimisation worries 23%, as shown below.
Interestingly, only one-in-five treasury professionals are concerned with the availability of bank credit. The
current historically low market rates offer good opportunities for funding business growth.
What keeps you awake the most at night in terms of cash management?
Source: BNP Paribas as at August 2014
8. Corporate Treasury Outlook September 2014 8
Cash not visible
One third of treasury professionals admit having only a partial view of their cash balances, with 30% revealing
they have less than 50% visibility of their cash holdings. Another third also have less than 75% accuracy in their
cash forecasting. Only 8% had 100% visibility.
This is despite the solution being at hand, with all major banks offering web-based solutions that offer end-of
day/ intraday visibility on balances on accounts.
What visibility are you achieving on your cash balances?
Source: BNP Paribas as at August 2014
What degree of accuracy are you achieving with your cash-flow forecasting?
Source: BNP Paribas as at August 2014
9. Corporate Treasury Outlook September 2014 9
More processes could be automated cutting costs
Interestingly, almost two-thirds of respondents (some 60%) said less than 50% of their external payments
processes are automated.
Cost savings come from less manual processes and identification of better process control and reduction of
treasury resources employed in manual processes can be freed to more value-added tasks. Accordingly, return
on investment on payment automation projects is typically high.
Source: BNP Paribas as at August 2014
What % of your external payments are automated?
10. Corporate Treasury Outlook September 2014 10
Cash could be earning more
With just over half of respondents (53%) allocating their surplus to traditional bank deposits, many are missing
obtaining a better return on their cash holdings. While the current market environment does offer challenges for
maximising cash returns, yield is only one of the dimensions of investment optimisation. Consideration needs to
be given to investment liquidity and risk.
Source: BNP Paribas as at August 2014
How is your surplus cash currently allocated?
What do you think will be the next development in cash management?
Source: BNP Paribas as at August 2014
11. Corporate Treasury Outlook September 2014 11
The future
The current low interest rate environment worries just over half of CFOs and treasurers (52%), with them
expecting changes in interest rates to have the most impact on their organisation and its operations in the next
18 months.
A third (34%) want to improve the efficiency of their treasury operations. Clearly, today’s treasurers are
concerned with the ‘corporate treasury P&L’, with a strong focus both on the remuneration of balances and the
reduction of operating costs.
Greater centralisation is currently being adopted as a solution by many treasuries, as it offers more control and
efficiencies in payment processes, in particular with developments such as payment hubs, shared service
centres and ‘payments-on-behalf’.
What do you think will be the market trends that will have the most impact on your organisation going
forward?
Source: BNP Paribas as at August 2014