Seventy three per cent of corporate financial executives believe that standard GAAP reporting does not provide analysts with sufficient information about their company’s liquidity according to a survey conducted by SunGard Treasury Systems and GTNews. However, 75 per cent also confess that the data available to them about the liquidity of such executives’ companies is sub-optimal. In June 2003, GTNews.com polled its international readership consisting of corporate financial executives. Over half of the qualified responses were from firms with annual revenue in excess of US$1bn. The results clearly indicated that financial executives of large companies are concerned about banks and investors relying solely on GAAP-reported figures as such executives place importance on additional cash flow data. ‘Financial executives need real-time visibility into free cash flow because that one metric is the best indicator of the health of your company,’ said Ken Dummitt, president, SunGard Treasury Systems.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more