BF_TREASURY LINK_ Penton Media August 5, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/businessfinance/v/204 ---------------------------------------- ADVERTISEMENT The CTP Certification Prepares You The Certified Treasury Professional (CTP) prepares you to perform competently in today's finance environment, executing liquidity, capital and risk management functions. Optimize your business operations--plan now to earn the CTP. Find out more. http://www.afponline.org/pub/cert/value.html?utm_source=BusFinLinkNews&utm_medium=webad&utm_campaign=CTP_August5 ---------------------------------------- TODAY'S ALERTS --Best of Breed: Treasury Tech vs. the Credit Crunch Business Finance's annual roundup of best-of-breed software vendors provides the latest scoop on treasury technology. The credit crisis has hugely raised the profile of cash-related processes and the tools that enable them, and while work station vendors continue to dominate, niche providers offer products for just about every desk in treasury. To view the full article go to: http://businessfinancemag.com/article/bred-tough-best-breed-2009-0729 --Cash Flow Is Down and Harder to Predict It's an unfortunate double whammy: cash flow at many companies has both declined and become more difficult to forecast. Recent research from the Hackett Group and the National Association of Corporate Treasurers found that just over one in five companies is able to develop a forecast of cash flow two to three months out that's accurate to within five percent. Despite that gloomy news, some firms are continuing to produce accurate forecasts quickly -- here are key principles these top performing companies follow. To view the full article go to: http://bigfatfinanceblog.com/2009/07/27/cash-flow-is-down-and-harder-to-predict/ --Proposed Changes to OTC Derivatives Could Impact Corporate Use Corporate treasurers whose companies use over-the-counter (OTC) derivatives to hedge interest rate, currency, or commodity exposures will want to look closely at reforms to the market now under consideration in Washington. A new report issued by the Department of the Treasury contains a number of proposed changes to the U.S. financial regulatory system including a "comprehensive regulation of all over-the-counter derivatives." To view the full article go to: http://bigfatfinanceblog.com/2009/07/21/proposed-changes-to-otc-derivatives-could-impact-corporate-use/ --Stock Buybacks: Not All They're Cracked Up to Be? Stock buybacks, which in theory should increase a company's share price because they mean fewer shares of stock on the market and higher earnings per share, don't actually boost the price or significantly reduce the number of shares outstanding, according to a Standard & Poor's study. Research from Financial Executive also found that companies that did not buy back stocks enjoyed higher earnings per share than companies that did. To view the full article go to: http://bigfatfinanceblog.com/2009/07/13/stock-buybacks-not-all-theyre-cracked-up-to-be/ --Countries' Protection of Creditors' Rights Affects Loans A new study has found that the extent to which creditors' rights are protected can have a dramatic effect on the interest rates banks charge, how much they lend, and the length of the loan maturities. To view the full article go to: http://bigfatfinanceblog.com/2009/07/02/creditor-rights-and-loan-terms/ --SEC Proposes Changes to Money Market Funds Rule Last month, SEC Commissioner Luis Aguilar outlined proposed changes to Rule 2a-7, which regulates money market funds. These changes could have a big impact on corporate America, given that about four in five companies use money market funds as a cash management tool, according to the SEC. To view the full article go to: http://bigfatfinanceblog.com/2009/07/07/potential-changes-to-money-market-funds/ --Your Crystal Ball: Sales Forecasting and Demand Planning How integrated are your company's sales forecasting and demand planning (SFDP) activities? Combining these forward-looking functions can increase innovation and effectiveness. Read Ventana Research's Analyst Note "Integrate Sales Forecasting and Demand Planning" in the BPM Resource Center to learn more. To view the full article go to: http://resources.bpmmag.net/index.html?action=viewSponsors&sponsorID=11&userID=1363 --BPM Summit Presentation: Rethinking Planning, Budgeting, Forecasting, and Target Setting The 6th Annual BPM Summit brought together some of the business world's foremost practitioners to explore the transformational role of finance in the enterprise. If you missed the live event, you can still enjoy access to the audio and slide shows from the keynote presentations at our on-demand archive. To view the full article go to: http://bpmmag.net/summit/2008/ ---------------------------------------- Association for Financial Professionals http://www.afponline.org/pub/cert/value.html?utm_source=BusFinLinkNews&utm_medium=webad&utm_campaign=CTP_August5 ---------------------------------------- Webcasts ---------------------------------------- Unlocking Liquidity: How to Effectively Implement Supply Chain Financing http://w.on24.com/r.htm?e=153501&s=1&k=7B93AF5C584300E5B163379DB0A2E160&partnerref=newsletter Creating a Competitive Edge with Planning and Analysis: Leveraging SAP BusinessObjects Planning and Consolidation http://w.on24.com/r.htm?e=151155&s=1&k=23901B5D394A1348DD11E3B1ACF70FDD&partnerref=newsletter IFRS Transition Management -- What you need to know before you start http://w.on24.com/r.htm?e=146336&s=1&k=6A9889DDCC05958A674E5B4F464FBF74&partnerref=newsletter ---------------------------------------- Video ---------------------------------------- Managing Tax Function Costs Mark Schutzman of the Tax Function Effectiveness Practice, PricewaterhouseCoopers, explains how to keep understaffed tax departments off the cost cutting hit list. http://businessfinancemag.com/video/managing-tax-function-costs-0707 ---------------------------------------- In this Issue ---------------------------------------- Business Finance magazine now FREE to qualified subscribers. 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