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Opinions and views from expert CFOZone members.

Tag >> accounts receivable
Oct 19

Tech Tuesdays (October 19)

Posted by dbedell in web portal, TechnologySAPpayrollNational Automated Clearing House AssociationNACHAIT2ITe-invoicingCashBaswareAssociation for Financial ProfessionalsAmerican Payroll AssociationAmerican ExpressAFPaccounts receivable, accounts payable


Global subsea equipment manufacturing and service company DOF Subsea has selected IT2 to provide a centralized treasury management system for the enterprise. The company will make use of IT2’s solutions for cash forecasting; liquidity management; risk management and hedging programs for foreign exchange and interest rate exposures; debt management; and treasury accounting; among other things.

DOF Subsea will access the system through IT2 NET—the system provider’s web portal, and the solution will interface with the company’s counterparties and third-party solution providers—including Nordea Bank, Agresso—for accounting; the Shipnet solution for A/P and A/R management; and Reuters.

May 04

Will treasury operations ever be centralized?

Posted by the Benche in treasuryTechnology, efficiency, cost reductioncost cuttingchanging role of treasurers, cash management, cash concernsCashaccounts receivable

the Benche

Submitted by Niclas Osmund, republished from the Benche, a financial community for corporate treasurers. 

 A majority of treasury managers and professionals wish for more centralisation of a number of activities. For example payments, collections, liquidity structures and organisation set-ups. But, it doesn't seem to happen.

This is one of the conclusions we can draw from a survey that SEB together with GTNews has conducted every year since 2006. In the areas mentioned they state having a de-centralised set-up but have a strong wish to centralise. This is consistent and doesn't seem to change over the years.

Apr 30

Supply chain integration won’t happen overnight

Posted by dbedell in trade financeSWIFTfinancial supply chainCashaccounts receivable, accounts payable


While there has been a lot of talk about end-to-end financial supply chain solutions, few systems really live up to the hype. Some companies have chosen to cobble together a number of systems, and some banks are partnering with third party providers to provide a complete end-to-end solution for receivables and payables management, payments and financing.

These banks are looking to technology partners to provide the electronification of payables and receivables documentation and information flow, and then the bank provides the payments and settlement piece, plus access to financing for both supply chain finance  programs and trade finance  needs.

Jan 07

Big companies are the biggest deadbeats

Posted by annearf in Riskaccounts receivable, accounts payable


Who wins the prize for slow payment of bills? Big companies or small fry?

These days, the answer is the former. According to data from credit bureau Experian, large firms are the ones that are more likely to be severely delinquent in paying their bills over the next year. That includes companies with more than 1,000 employees paying their suppliers more than 90 days late.

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