Chief financial officers (CFOs) and corporate treasurers view cash management as a pressing challenge, but only a fraction of them are using technology to improve the process. Amid successive waves of digital innovation, cash forecasting has in many ways remained unchanged. This is especially notable...
These are trying times for chief financial officers (CFOs) and other finance professionals. The unpredictable economic impacts unleashed by the pandemic have greatly complicated the task of managing cash flow and working capital. To cite a few examples, manufacturers have had to quickly secure relationships...
The uncertainty generated by the COVID-19 pandemic weighs especially heavy on treasurers and chief financial officers (CFOs), because they are responsible for ensuring that companies have the liquidity to meet daily obligations and the working capital to respond to business challenges and opportunities. However, although...
During these uncertain times, the primary task for treasurers and CFOs is to make sure their companies have the liquidity necessary to meet daily obligations and the working capital to respond to changing business challenges and opportunities. It’s no wonder, then, that 54% of CFOs cite liquidity and...
April 13, 2021
Banks have not always been the most technologically forward-thinking organizations out there. Go back in time a short four or five years and start throwing the term “cloud computing” around and the response would more likely be blank stares or frowns than any kind of enthusiastic reception. But over the past two years the cloud […]
February 18, 2021
There has been no shortage of downbeat economic statistics over the past year, from high unemployment rates to declining gross domestic product (GDP) values. Consumers and businesses have demonstrated remarkable...
October 28, 2020
Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 trillion in 2020....
October 22, 2020
Although lower costs and increased availability of new peer-to-peer (P2P) payment systems have allowed more first-time users to enjoy the ease and benefits of the banking system, the fact remains...
July 20, 2020
IBM‘s revenue fell 5.4 percent in the second quarter due to the reduced spending on computer equipment during the pandemic in lieu of going digital on the cloud, Financial Times (FT) reported. Areas like applications development, transactions processing and consulting saw dramatic drop-offs, which caused the company to lose ground, FT reported. The company’s shares […]
January 31, 2020
IBM CEO Ginni Rometty is stepping down after an eight-year tenure in which the tech giant struggled to grow at the same rate as its competitors. The announcement came on...
July 09, 2019
As it looks to bolster its cloud computing business, International Business Machines Corp. (IBM) has closed its $34 billion acquisition of Red Hat Inc. IBM had agreed to purchase the...
June 27, 2019
Removing a hurdle for a large acquisition, Brussels has reportedly approved the $34 billion takeover of open-source software firm Red Hat by IBM. Antitrust officials in the European Union had...
