topleft
topright

Login or Register


Red-Hot Thread

"The corporate brand is not only used to improve competitive positioning and express company aspirations, it can also be a powerful tool to motivate employees."

Latest Forum Posts

Re:Another bailout for banks?
in Deal Talk by SherylNash01, 12-08-10 15:33
Re:Health-care reform verdict? People are cattle
in CFO Conversations by SherylNash01, 12-08-10 15:14
in Your Career by SherylNash01, 11-08-10 13:45

CFOZone Experts

Opinions and views from expert CFOZone members.

Tag >> biztech
Aug 11
2010

Google, Verizon seek to erect barriers to Web entry

Posted by dbedell in wireless internetVerizonsmall and medium-sized businessRisknet neutralitymobileGoogleFCCbiztech

dbedell

Without net neutrality there would be no Facebook, no YouTube, no internet 
giants that started in the dorm room of a couple of college kids.

Okay I take that back. Some of the ingenious and daring internet ideas that have changed the world as we know it would still exist, and possibly in the form that we now know. But quite possibly not. 



Aug 03
2010

Cash reporting standards must be improved

Posted by dbedell in treasury management systemERPdata standardsdata standardizationdatacash reporting, cash management, cash concernsCashbiztech

dbedell

It is time to update and standardize cash reporting formats, according to a survey by the Association for Financial Professionals. 

It found that a vast majority of companies want to see the Banking Administration Institute (BAI) cash reporting format—which is used for everything from bank account information reporting to controlled disbursements to lockbox or receivables information reporting--standardized across banks. The format is used for current-day or previous-day information reporting from banks. 

Jul 16
2010

Banks must become ‘brokers of information’: report

Posted by dbedell in risk managementrisk analyticsloansliquiditydataCashbiztechbank relationship managementbank lending

dbedell

The recent financial crisis has taught companies innumerable lessons, and one of the biggest is their reliance on banking partners—not just for funding but also for providing critical data needed to understand a company’s own liquidity and risk picture. As such, companies will become ever-more selective about their banking partners, and will expect more from those partners.

Even though sources of funding are unchanged, banks will be asked to be more proactive and entrepreneurial in their approach to service large corporate clients, according to a report from consultancy Celent.

Jul 15
2010

Corporate IT buyers looking for quick ROI

Posted by dbedell in ROIIT spendinginnovationhardwareCashbiztech

dbedell

With Intel’s announcement this week of record quarterly profits—the highest in its history—companies are once again growing their IT budgets and investing in new or updated technology. But given still-tight lending markets and the desire to make best use of liquidity, that spend will be highly targeted on projects with quick return-on-investment.

Intel reported revenues of $10.8 billion this quarter, garnering gross margins of 67 percent and $0.51 earnings per share. According to the company, much of their growth was driven by corporate investment in new hardware as companies look to replace outdated servers, PCs and the like.

Jul 09
2010

Better data, not time reduction, main benefit of automation

Posted by dbedell in risk managementIT, cash management, biztechautomationAssociation for Financial Professionals

dbedell

Companies are still looking to improve automation in financial processes, but their main goals are changing, according to a benchmarking survey conducted by the Association for Financial Professionals (AFP). The AFP survey found that companies are not seeing the reduction in man-hours that was once touted as a key benefit of automation. However, other objectives are being achieved.

Survey respondents said that automating functions often gave little or no reduction in hours spent by employees in managing that process. In fact, many functions took the same number of hours–or full-time equivalents (FTEs)–as manual management. For example, financial risk management, and managing debt and investments all required an equal amount of FTEs whether the process was manual or automated.

Jul 08
2010

Clearing group adds mobile payments rules

Posted by dbedell in SEPANACHAmobile payments, cash management, Cashbiztech

dbedell

The National Automated Clearing House Association (NACHA) has okayed new rules covering mobile payment transactions to be cleared through the ACH network. This could make the mobile payment option more readily available, more secure, and more amenable to US companies—which would be particularly useful for those finance executives that travel extensively and spend time in areas without fixed or wireless Internet access.

NACHA is one of a number of global payments industry governing bodies to develop rules and infrastructure for clearing and settling mobile payments. The European Payments Council is also at work on a set of guidelines to handle m-payments under the Single Euro Payments Area (SEPA)—the EU’s framework for standardizing regional domestic and cross-border transactions.

Jun 25
2010

Wall Street Systems snaps up competition… again

Posted by dbedell in treasury technologytreasury management systemDealsCashbiztech

dbedell

US corporate and financial treasury system supplier Wall Street Systems announced earlier this month that it has snapped up rival City Financials--further consolidating the treasury management system (TMS) marketplace and reducing the options for companies looking at sending out an RFP for treasury technology.

The buy-and-integrate approach has long been a hallmark of the TMS space. In fact, few of the biggest-name providers from 15 years ago are still around – aside from Wall Street Systems, SunGard, and IT2. A number of upstarts have since entered the market—such as Kyriba—and some have entered and been bought out—like FXPress.

Jun 21
2010

Huge gaps in third-party treasury technology

Posted by dbedell in treasury technology, cash position, cash management, Cashbiztechbank account management

dbedell

With board of directors exercising increased oversight of treasury operations and cash management in the wake of the financial crisis, companies have been looking for more detailed, and regular, information from their banks. But the crisis has made it more difficult for banks to provide it. Even before banks ran into difficulties, some companies found timely data from their partners hard to come by as a result of outdated bank systems. Acquisitions during the last decade often resulted in disparate systems cobbled together piecemeal. And deals spurred by the crisis have led to more of the same.

Many US banks are now looking to new technology to bring together information from across their organizations to meet clients’ needs. However, most have little budget for the purpose and are counting on outside vendors to provide technology that supports their treasury business. Many are going so far as to have vendors provide their entire platform. That is reflected in the fact that most of the top 60 US cash management banks use on average anywhere from three to eight technology vendors, according to a recent survey by consultancy Aite Group. The largest banks have many more than that.

Jun 10
2010

Outsourcing trend in treasury management has its downside

Posted by dbedell in treasury management systemSLAservice level agreementoutsourcingITdatabiztechASP

dbedell

Given the time and resources needed to manage complex treasury and finance systems, companies are increasingly choosing to have outside vendors manage their treasury software systems. But outsourcing management of treasury or finance systems comes with a unique set of risks that vendors are often hesitant to share with clients.

In a survey last year, consultancy Aite Group found that 66 percent of new treasury management system purchases made by companies were for vendor-hosted systems--where the software vendor, or a third party, manages the software on an outsourced basis, rather than the company managing the software in-house.

Jun 08
2010

Facebook controversy heats up California election

Posted by dbedell in YouTubeRegulationprivacyFacebookcampaign financeCaliforniabiztech

dbedell

The fire being taken by social networking site Facebook over privacy issues has flamed up in the California Attorney General’s election, which is at the polls today. Attorney General candidate Chris Kelly, former Chief Privacy Officer at Facebook, was accused by his main rival in the election—San Francisco District Attorney Kamala Harris—of illegally using the sale of Facebook stock to finance his campaign and also of helping to develop highly controversial privacy policies on the site.

In the five years since its inception, Facebook has grown phenomenally—now boasting 400 million users worldwide. But in that time, the site has faced its share of criticism—most notably from privacy advocates that are bent on seeing tighter regulatory controls on information sharing for sites like Facebook. Recently, the controversy has revolved around changes to Facebook that set most users’ default privacy settings to public—meaning anyone could access their personal information.

<< Start < Previous 1 2 3 Next > End >>




Market Data



Copyright © 2009-2010 CFOZone. All rights reserved. CFOZone is a property of PSN, Inc.