In this episode of the Treasury Update Podcast, we discuss the importance of counterparty risk management. Recent FDIC actions raised concerns in the market, and Steven Peterson from Chick-fil-A is joining us today to outline how they manage and monitor banks using a bank risk dashboard. He discusses the significance of capital ratios and staying informed about banks.
The role of accounts payable (AP) is shifting to be more efficient, effective, and strategic. AP has the ability to help drive out costs, improve its scalability, and add revenue to the organization. The effective deployment of AP automation allows for better communication with trading partners and a reduction in costly defects while supporting a revenue/rebate model for payments. This session will review critical issues within the payables domain and explore methods and tactics to improve the overall value of AP and its positioning within finance, featuring a continual exchange between the two finance domains of AP and treasury in the context of a more comprehensive look at AP processes and value.
Complexity caused by additional payment times is adding to historical pain points found in accounts receivable (AR). Poor processes and outdated technology impact every part of AR and create a negative echo effect on liquidity, scalability, efficiency and staff. This session will explain why the challenges have increased and examine ways that companies’ AR and treasury groups are revolutionizing cash application to great effect. The use of technology such as AI/ML, bots, and integration of data and processes are all changing AR. The theory will be supported by several select case studies to bring the concepts to the practical level.
Join us for the latest episode of the Treasury Update Podcast as we gear up for AFP 2023 in San Diego! Hear from our team as Jonathan, Craig, Ky, and Brian share what’s in store for this year’s event. We discuss key takeaways to look for in AFP, including the importance of building relationships and learning from industry experts, as well as specific details on the events, games, reports, and banker’s lunch that we’ll be hosting in California.
Get ready to connect, learn, and engage at AFP 2023. We hope to see you in San Diego!
This week’s coffee break session defines and discusses the certificate of deposit (CD). It covers durations, restrictions, and strategies, as well as other common questions. Listen in as Craig Jeffery walks us through the world of CDs.