Corporate treasurers can save time by automating FX trades | B2B firms could leverage new tools to make speedy credit decisions | What finance execs should know about subscription services
March 7, 2019
News and information for treasury professionals
Top Stories
Corporate treasurers can save time by automating FX trades
Some corporate treasurers have been slow to take advantage of automation when it comes to foreign exchange trades, instead relying on older, manual systems. "By condensing into minutes a process that may take hours to complete, digitization also saves treasurers time that can be better used in more profitable tasks," writes Bloomberg's Tod Van Name.
Bloomberg Professional Services (2/28) 
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Fintech transforms payments, accounting
Partnerships between payment startups and legacy companies are benefiting companies and enabling a range of advantages, from streamlining accounting to gleaning insights from payment data. Troves of payment data are also targets for hackers.
FinSMEs (2/25) 
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B2B firms could leverage new tools to make speedy credit decisions
Small enterprises that sell business-to-business face the risk of a cash crunch due to unpaid receivables. "The risk can be devastating, especially if you have a lot of concentration," said Sebastian Rymarz, chief business officer for Fundbox. Fintech that enables an efficient way for small businesses to assess and extend credit could help mitigate risk.
Pymnts (3/5) 
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Industry News
What finance execs should know about subscription services
Recurring revenue models offer advantages to companies, including steady cash flow. However, they also come with operational challenges.
CFO (2/26) 
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Column: Optimize cash flow with supply chain finance
Manufacturers can free up capital for mergers and acquisitions, training and other projects by using supply chain finance principles to improve the cash conversion cycle, writes Tom Roberts of PrimeRevenue. The manufacturer Hillenbrand, by going through a supply chain finance exercise, was able to free working capital and improve its stock price, he writes.
Material Handling & Logistics online (2/22) 
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Mixed signals could mean recession isn't imminent
Economic indicators have been mixed, suggesting a recession is less imminent than many economists think, says Charles Mulford, an accounting professor at Georgia Tech. He notes a widening spread between short- and long-term interest rates of government securities and the Federal Reserve's recent statements on rate increases.
CFO (3/1) 
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OECD sees peril in corporate debt mountain
The Organization for Economic Cooperation and Development is spotlighting more than $4 trillion in corporate debt globally that will need to be refinanced or repaid over the next three years. That number is a big part of the $13 trillion in worldwide debt that has piled up since the financial crisis, a total more than double the comparable number before the 2008 crash.
The Guardian (London) (2/25) 
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What digital transformation looks like
Digital transformation takes different forms and scope depending on the industry and the organization's needs, writes Sandra Beckwith, who shares examples from midsize companies in four industries. Manufacturer NFI has shifted to digital printing, which enables connectivity between sites, higher-margin work and a new approach to sales and marketing.
CFO (2/26) 
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AI applications evolving in finance
The use of artificial intelligence in finance is an evolving area underpinned by decades of research. AI technology could further automate the selection of securities, right-sizing risk based on such factors as the client's age, health and financial situation.
Bloomberg Professional Services (2/27) 
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Bank of America Merrill Lynch Insights
Safeguard mobile devices when using Wi-Fi networks
Mobile devices and wireless networks have evolved significantly in recent years. And as more business gets done over mobile and wireless, it's critical to keep those channels safe from fraud attacks.
Bank of America Merrill Lynch (2018) 
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Food for the body is not enough. There must be food for the soul.
Dorothy Day,
journalist, activist and co-founder of the Catholic Worker Movement
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About Bank of America
Bank of America Merrill Lynch's Global Transaction Services (GTS) business provides comprehensive global treasury solutions across the breadth of the working capital cycle, including liquidity management, payments and receipts, commercial card, foreign exchange and trade and supply chain finance. With a history spanning more than 230 years, GTS services thousands of clients - small businesses, mid-size companies, large corporations, financial institutions and public sector entities - in more than 200 countries and 140 currencies.
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