BEC: A Cybersecurity Challenge for Businesses
This article is written by Trustpair In 2023, it was revealed that an investment firm in Boston lost $1.25 million in a business email compromise (BEC) cybersecurity scam. Using a spoofed domain name, fraudsters impersonated directors and instructed a financial company to misdirect funds from the victim company’s account to a bank account controlled by the scammers. BEC in…
Franklin
Intercompany Transactions Guide: Meaning, Management & Strategies
This article is written by Nomentia Intercompany (IC) transactions (or intra-group transactions) are heavily used in the operations of multinational corporations, where financial exchanges between entities within the same corporate group occur frequently. While these transactions offer operational flexibility and efficiency, they also present unique challenges in terms of efficient accounting processes, compliance, and financial…
The Hidden Costs of Not Having a Treasurer: A Risky Oversight
In the realm of corporate finance, the treasury function is often viewed as a cost center, primarily because the salaries of treasurers and treasury teams represent a direct expense on the company’s financial statements. Unlike profit-generating departments, a treasury does not directly contribute to the company’s bottom line. However, this perspective overlooks a crucial aspect:…
The Different Types of Treasury Support: Comparing Interim, Fractional, and Consultancy Roles
This article is written by Pecunia Treasury and Finance. In the evolving landscape of corporate finance, companies often need specialized financial leadership but may not require or cannot afford full-time executives. This is where roles like interim treasurer, fractional treasurer, and treasury consultant come into play. Each brings a unique set of skills and functions…
Should You Ignore FX Forecasts?
In our recent webinar, we delved into the often-debated topic of the accuracy of FX forecasts. The discussion was illuminating, providing a mix of critical analysis and practical advice for businesses navigating the complex world of foreign exchange. Here are the key takeaways from the session. The Reliability of FX Forecasts One of the central…
Harry
Exploring FX Derivatives: Forwards vs Futures
This article is written by Kantox In a previous blog, we discussed the differences between currency forwards and currency options. We argued that automation technology is tilting the debate in favour of currency forwards. Today we tackle the more subtle, yet important differences between a forward contract vs a future contract. As companies look to manage foreign exchange…