This year's EuroFinance conference took place in Barcelona, set against a backdrop of political turmoil in the Catalonia region of Spain. The irony was not lost on conference attendees that the political instability in the host city could be compared to the increasing turbulence that treasurers face every day. Treasury must rise above currency volatility, sovereign risk, regulatory compliance challenges, payment fraud schemes, proposed tax reform and other issues.
Bob Stark's blog
Bob Stark, vice president of strategy
Bob has 18 years’ experience in treasury technology, working for many of the best known technology providers in the industry. As VP of Strategy at Kyriba, Bob is responsible for global product strategy and market development, and works with clients, partners, and industry influencers to ensure Kyriba is at the forefront of treasury technology. Bob has provided treasury management strategy to some of the world’s largest companies, and is a frequent speaker and author on treasury, risk management, and the cloud. If it’s worth knowing about in the treasury, you can assume he knows it.
This year’s 2017 EuroFinance conference is stacking up to be the best one yet. The EuroFinance website confirms more than 2,100 delegates from 50 plus countries will attend, offering a rich networking experience with some of the world’s leading treasury and finance professionals. The theme this year is ‘Intelligent Treasury’ – which is the evolution of sharing data through digital workflows.
Weather and hurricanes have dominated much of the headlines over the past month and our hearts go out to those who were impacted in any way.
Kyriba recently held a webinar attended by more than 500 treasury professionals that focused on the critical importance of business continuity planning (BCP) for treasury.
September 15, 2008. This is the day treasury transformed from being important to strategic. What was later called the credit crisis was fueled by a massive constriction of liquidity like we had never seen. Suddenly, boards were demanding from their CEOs the answer to a simple question: how much cash do we have? These CEOs turned to their CFOs, who then turned to their treasury teams to provide the critical answer.
The White House recently announced its initial tax plan, teasing the financial community with a short series of bullet points. Although there is much work to do to formalize the plan, including passing it through a gauntlet of approvals and negotiations in Congress, President Donald Trump’s plan is effectively music to the ears of CEOs, CFOs and corporate treasurers.
Here are the highlights for corporate treasury:
1) Reduction of the corporate tax rate to 15%
2) One-time tax on overseas earnings