Cash Management
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What process(es) do you recommend for collecting F/X (Foreign Exchange) cash flow forecasts internal to one's own company? (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
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What is the cleanest way to document and report on the effectiveness of a hedge? (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
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If we establish a Euro / GBP cash flow hedge along with a net investment hedge GBP to USD can we prepare an effective program? (Webinar Attendee Question)
We are a US company that has a GBP functional sub with Euro revenue exposure. We are trying to establish a hedge for the Euro to USD. If we establish a Euro / GBP cash flow hedge along with a net investment hedge GBP to USD can we prepare an effective program? This question was asked during the …
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Repatriating from Canada to US
We have cash from a sub in Canada that we would like to repatriate to the US for debt payment. We would like to avoid the FX gain if at all possible. I understand we can do this by loaning to a US sub (rathar than the US corp), however, the money would need to be paid back to Canada within 24 …
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What is your experience in dealing with a large company's pay schedule? How does it affect your business's cash flow?
It seems that big businesses (Fortune 1000, let's say) take too long to pay. As a small to medium-sized business, how does that impact your cash flow? What are some ways that you circumvent this practice?
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Banks in the EU for ACH & Depositor Trust Accounts
We are looking to expand to the EU (Primarily Ireland right now) and our collection process is reliant on ACH and Depositor trust accounts. We need our clients to be able to change their DDA on electronic payments to these trust accounts and us to be able to ach back to the clients. Does anyone hav…
4
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Brazil Banking Regulations.
Some of our Brazilian customers/suppliers indicate it is especially difficult or prohibitive to send and receive money from abroad. I'd like to facilitate the process of receiving customer remittances and paying our vendors without formally setting up shop there. Does anyone in the community have a…
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Does anyone have a revolving credit agreement that could be redacted and shared.
Interested in current terms and conditions.
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What are the latest trends in managed payment technologies and electronic payment solutions?
Editor's Note: Good answer below from Keith. In addition, consider registering early for Proformative's technology conference, ProformaTech 2013. In addition to up-to-the-minute managed payment technology info (and so much more), this year's broader theme is "Leveraging Technology To Evolve The Str…
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Transacting for Fx.
I'm looking for some very simple guidance on how to properly record Fx from month to month. (Yes, I've read FAS52.) Scenarios (in all instances the reporting currency is USD at the consolidated level): USD Entity, with GBP and EUR bank accounts. We revalue the accounts to the equivalent US…
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How do I present centralizing cash management to my colleagues in Europe?
We are working to centalize control of cash and my colleagues in Europe are used to managing and controlling their own cash. How do I engage them to be cooperative and "buy in" to this initiative?
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Alternatives for small purchases other than Paypal?
Does anyone have experience in this area? Thanks.
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Your bank may be ripping you off
How does your bank calculate interest expense on your loans? If they use a 365 basis to calculate your daily interest factor, and then calculate the monthly interest based on actual days, then in February they will be getting an extra day's interest from you. Any interest charged during a lea…
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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…
4
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Any evidence of suppliers raising prices to offset P-Card bank fees?
There is a debate within my company regarding PCard usage. We can see the benefit of lower transaction cost associated with PCard vs using a purchase order but wonder if suppliers will increase their price to compensate them for the bank fees associated with this program. Has anyone seen an…
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My company is looking for a system that can turn invoices into PDF's. We also want to have online approvals for these invoices.
Please contact Jeff with any suggestions([email protected]).
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Bank Fees: Are Corporations Seeing New Fees?
We have all seen the great "pushback" from consumers as banks have tried to recover lost fee revenue streams in the form of debit card fees (almost pure profit) to their customers. I wanted to see if people were seeing new fees on their corporate bank fee analysis statements. The encryption…
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Help!! I think I need a new payment processor
I am working with a payment processing company to process my clients’ payments online. This company, in all of my history working with payment processing companies, has by far the worst customer service I have ever encountered. I have only received one, and I mean one, report in the last six mon…
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Credit Card processing and compliance
I'd welcome comments from anyone who may have had to address this scenario around PCI-DSS and HIPAA compliance: Imagine this situation: sales staff interact with prospective customers in a public place. Prospects may decide to fill in a paper form for a trial health related service at a large…
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Excess cash investing options?
I am curious what investment options are bringing you the best returns on excess cash you need a short term solution for? My clients have $10M or less in excess generally. Thanks!
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