AFP Exchange

Ukraine Turmoil Wreaks Havoc on Treasury and Finance Groups

Treasury and finance executives whose companies do business in Russia, the Ukraine, and other former Soviet republics are already seeing the effects of the mounting crisis on their bottom lines. The turmoil has caused the ruble’s exchange rate to plummet, making it more expensive for companies to import goods into Russia and to service existing …

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Sphere of Influence

Treasury and finance executives whose companies do business in Russia, the Ukraine, and other former Soviet republics are already seeing the effects of the Crimean crisis on their bottom lines. The turmoil has caused the ruble’s exchange rate to plummet, making it more expensive for companies to import goods into Russia and to service existing debts. The crisis is also …

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Get Proactive: Finance professionals are putting big data tools to use to drive revenue

Finance professionals are putting big data tools to use to drive revenue Online job search site TheLadders matches senior-level professionals with high-paying jobs, and the company is investing in data analytics to make those matches more accurate for users. But the company’s financial department will benefit from the new focus on analytics as well. “Normally, finance …

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Bitcoin of the Realm: Overstock.com Accepts Virtual Currency

Overstock.com, the second-largest online retailer in the U.S., has begun accepting Bitcoin as payment for all purchases. “Bitcoin’s first full day on @overstock.com was a huge success: 840 orders, $130,000 in sales. Almost all new customers,” tweeted Overstock CEO Patrick Byrne. Along the way, Overstock sidestepped the challenges surrounding Bitcoin acceptance, including price volatility, lack …

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Beginning of the End

Merchants are starting to accept Bitcoin—overcoming challenges and earning new customers in the process In 2013, Bitcoin was primarily known for its use in nefarious activities, such as money laundering, drug dealing and hiring assassins. In addition to not wanting to be associated with this kind of behavior, legitimate companies avoided the cryptocurrency because of …

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Security Keys

What treasury and finance executives need to know about encryption Treasury and finance executives need to know enough about encryption and security to ensure that those policies not only match the company’s general attitude towards risk, but also account for particular risks associated with certain departments and processes. Encryption is a good safety measure because in case …

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Virtual Reality

New virtual currencies a risky bet for corporations Virtual currencies have been in the news lately, with Bitcoin in particular gaining attention from an influx of new users and acceptance at thousands of retailers. But should all treasury groups consider using virtual currencies? If so, what are the risks? OkCupid, an online dating service, readily accepts Bitcoins. According to OkCupid …

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Big Questions: Big data offers big opportunities and big risks for treasurers

Big data–the catch-all term for collecting, storing and analyzing massive amounts of data–is the hot business topic this year. For treasury and finance professionals, however, there are some risks associated with big data. These risks include compliance and regulatory risks, the risk of wasting money on misguided big data projects, and the risk of doing …

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Cloudy Outlook

Cloudy Does the cloud help or hinder credit card payment security and compliance? Depending on whom you ask, processing credit card payments in the cloud is either a great leap forward for security and compliance, or a big step backward. Actually, it can be either—depending on the type of cloud you have in mind and the size of your company. Read full …

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