Association for Financial Professionals
CFOs Remain Cautious With Corporate Cash
U.S. companies have not relinquished their liquidity buffers or their habit of keeping cash in ultra-safe investment vehicles.
Salary Growth for Finance Professionals Slows
Executive and management-tier finance professionals got smaller raises in 2018, but finance staff received slightly bigger boosts.
Scammers Target ACH Transactions
"Fraudsters are now trying to use ACH transactions as vehicles for their scams as they move away from checks and wires," said the AFP.
Finance Execs Fearful of Spending Tax-Cut Proceeds
In addition, they remain extremely conservative about how they "invest" excess cash.
Email Compromise Scams Show No Signs of Abating
Business email compromise scams are evolving into new areas and levels of sophistication, making them difficult to detect, says AFP.
Companies May Spend a Bit More This Quarter
But overall they remain conservative about using their cash reserves, an Association for Financial Professionals survey shows.
CFO Base Pay Rose 2.8% in 2016
But average pay raises for controllers and management-level finance team members were higher, according to the AFP.
Corporate Payments Still Attracting Fraudsters
Seventy-four percent of finance professionals report that their companies were victims of payments fraud in 2016, according to the AFP.
Balance-Sheet Cash Likely to Rise, Not Fall, in 2017
Absent an economic slowdown, strong free cash flow and accessible debt markets will keep companies from having to tap reserves.
Companies More Reluctant to Deploy Short-Term Cash
Global uncertainty weighed on U.S.-based companies as they accelerated their cash hoarding in the third quarter.
Businesses Satisfied (But Not Content) with Transaction Bankers
Twenty-three percent of finance executives are renegotiating banking contracts and 25% are actively seeking new banking partners, says AFP.