Latest Best Practice Articles

Case Study: Optimising Credit and Collections Management at Edward Don

John Fahey, Edward Don & Company - 7 May 2013

The key objectives of account receivables (A/R) management are minimising credit risk and optimising payment performance. US corporation Edward Don and Company deployed a statistical modelling tool that has helped their credit and collections teams to optimise the relevant processes and results, improve efficiency and cut the key performance indicator of Days Sales Outstanding (DSO) by more than five days. The project, detailed in this case study, additionally helped them to accelerate their order processing workflow, improve customer satisfaction and sales performance, and to cut costs.

Case Study: The Management of Hubbell Inc’s Global FX Exposure

Howard Wardlow, Hubbell Incorporated - 2 May 2013

US manufacturing firm Hubbell Inc experienced a rapid expansion of its global foreign exchange (FX) exposure, and found that current processes were not effectively measuring and managing this growing risk. Exposure visibility was low, and the corporation was exposed to unexpected and significant potential FX losses against its earnings. It assembled an expert project team, including several senior finance executives, to identify and implement a solution to ameliorate this issue. This case study illustrates its new FX risk solution.

Future of London and Treasury Impact of Regs Debated at SWIFT Forum, as Dyson's Treasurer talks SEPA

Neil Ainger, gtnews - 1 May 2013

The parlous state of the UK’s relationship with the EU, following the decision to go for an ‘in/out’ referendum and its implications for the future of London as a financial centre were debated at the SWIFT Business Forum on 30 April, with the ex-deputy head of the Bank of England, John Gieve, calling for “diplomacy”. The afternoon’s ‘Transaction Banking and Corporates’ stream focused on the corporate impacts of the new Basel III intraday liquidity requirements and the treasurer at Dyson, Anne Coughlan, warned that “keeping abreast of regulatory changes” like Basel III and SEPA was down to treasurers, while she outlined her corporation’s plans to overhaul its cash management system by 2014.

A New Era for FP&A

Larysa Melnychuk, London FP&A Club - 12 Mar 2013

The acronym FP&A (financial planning and analysis) is still relatively new. A decade or more ago the function would typically be called budgeting and planning, or business finance. Very often it would not even be separated from the function of financial reporting. But it is coming into its own right as a discipline now and there is often some professional crossover between treasurers and other finance professionals in this developing field. Companies realise that effective FP&A can help them cope with the fast-moving, unpredictable and global nature of business today, so this article will explain what it is and how it can be used.

Best Practice Blogs

Best Practice Commentaries

Best Practice Guides

Best Practice Interviews

Best Practice Q&As

Best Practice Special Reports

Best Practice Survey Results

Best Practice Videos