Cash Management
-
Best way to take in an investment from India?
We have several of our technological partners in India trying to put some seed money into us in initial X00k tranches. Is anyone aware of the appropriate methods to achieve this transfer in the most economic and efficient manner? I realize that there are strong governmental controls on the currency…
2
-
Which is better for corporate payments - AMEX or VISA/MC
I'm looking for the best payment card option to cover business travel and departmental purchases (say $100K/month). My experience suggests that AMEX has the best reporting, however, lower rewards (.5% cash back) and more limited acceptance. Our bankers offer Visa/MC, however, with no rewards. I thi…
12
-
Foreign currency based financials
I have a US client who has an office in mexico - this company is using great plains and the functional currency is US They enter a majority of their entries for AP and AR in pesos and have both US and Pesos checkbooks They are required to restate their financials in pesos on a monthly basis The que…
4
-
My company needs to convert many vendors "en masse" to ACH, is there a quick way to do this?
Many of our vendors are still paid by check, so we want to convert, however we are manually having to update the information for each vendor in Oracle and for each paysite. Looking for a quick way to do this and still allow us to process the payments without using a 3rd party to collect information…
6
-
How do you manage your hedge program spreadsheets? Any automation and/or software recommendations? What about outsourcing? (Webinar Attendee Question)
This question was asked during the Proformative webinar "Key Elements of a Successful Hedge Program." A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-key-elements-successful-hedge-program
7
-
Direct Deposit for "Surprise" Bonuses
Every year our company distributes an annual bonus to our employees of which there is an element of surprise in the amount of the bonus. It's mostly based on the profitablity of the company so no one really knows how much they are going to get until the day of the bonus. To maintain the element o…
5
-
Cash Flow Forecasting - Most Common Mistakes?
What Are the Most Common Mistakes in Cash Forecasting?>
14
-
ACH vs. PayPal to pay Independent Contractors
We are planning a project that will require a number of independent contractors. We had been planning to pay these IC's by ACH. However, several of the IC's have requested that we use PayPal instead. I know that the IRS recently made some changes to the rules governing 1099 reporting if you paid th…
3
-
I'm looking for some sample Treasury organization charts
I'd like to see how other firms organize their teams. Thank you.
3
-
Investing Corporate Cash: Benchmarking?
For the past several years, we have simply invested our cash in CD/MM securities. As you know the interest rate is 1/2 percent point or less. I have been looking into investing some of our cash in short-term bond funds with an annual rate of 3.5%+ but want to know what others were doing to earn h…
3
-
RFP for comprehensive banking relationship
We are interested in gathering competitive proposals for our banking relationship including line of credit, payroll and all daily transaction accounts. We are a mid-sized company of about $200M in annual revenue; our size and transaction volumes make us inclined to focus on national banks with robu…
2
-
Falcor enters into a $50 million 7-year cross currency interest rate swap to pay euros and receive dollars.
Notional principal: $50,000,000 Spot exchange rate, $/€ : 1.16 US dollar swap rate 7 year bid: 5.86% US dollar swap rate 7 year ask: 5.89% Euro swap rate 7 year bid: 4.01% Euro swap rate 7 year ask: 4.05% a) Calculate all principal and interest payments in both currencies for the life of the swap b…
2
-
How difficult is NetSuite ecommerce integration?
My company is about to add an ecommerce component to our website. We use an open source content management system that has shopping cart capability that's pretty well baked. So we have three options I think, 1)use NetSuite's shopping cart (assuming they have one - I think they do), 2)use our platfo…
3
-
Treasury Workstation Users, Which System Did you Choose and Why?
Did you issue a formal RFP and require a "road show" from potential candidate vendors? Best and thanks.
1
-
Budgeting and Forecasting with Monte Carlo simulations
Which software would you buy: @Risk, Analytica, or Oracle Crystal Ball for financial scenario simulations? I'd enjoy hearing about your experiences with Monte Carlo risk modeling.
4
-
Are companies using bid or ask FX rates for financial reporting?
I was asked to established the foreign exchange rates for financial reporting for our company but am not sure if I should be using bid or ask price or whether I should include some interbank %. I am using Oanda and the average rate calculator as well as the regular currency converter for month end…
1
-
Cash Receipt Automation
Does anyone have experience implementing or working with an automated cash receipt application process? I'm looking to do this for my company. In past research I've found that many companies have written applications in house, but due to resource constraints I'm now looking for a software that ca…
3
-
Need recommendations for loan servicing software to replace Excel
We do loans to stockholders to purchase shares. They payback these loans with distributions from the company. We have about 70 loans today and that number may grow. We need a software package the will minimize the errors and effort we have tracking this in excel. Basic requirements: Track …
7
-
Commercial bank records retention duration?
How long should a bank it keep its customers records? What is best time to keep records: 5 years 10years and are there any legal consequences if customers claim that their records have been lost?
1
-
Bank Account Opening Process
I am in the process of developing an "Idiot's Guide to Opening Bank Accounts - Domestic (U.S.) and Foreign" and would appreciate any assistance. I know in this universe of learned colleagues on ProFormative there are a number of people with best practices to share and land mines to avoid. I am …
9
-
Cash flow forecasting tools
I would like to find a cash flow forecaster that provides automation and recommendations. I have used excel over the years but quite honestly it is just a glorified ledger in this exercise. Thank you.
1
-
How much cash is "too much"?
Many of the most credit worthy companies have more cash on hand today than they have had in the last 10 years (i.e. pre trhe "great recession"). According to several news sources cash as a percentage of assets is at an all time high. Do companies have too much cash and how would they know ? The ans…
10
Previous
