KnowledgeLeader Blog

Developing Budgets: What You Need to Know

Posted by Protiviti KnowledgeLeader on Fri, Jan 18, 2019 @ 08:59 AM

In a previous blog on Managing Mergers and Acquisitions KPIs we discussed what exactly Key Performance Indicators are:

“KPIs are generally defined as quantifiable measures used to evaluate the success of an organization, employee or process in meeting the objectives for performance. In other words, you can only really know if you did well if you know how success is measured.”

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Topics: accounting/finance, cash and treasury, performance management/measurement, KL Tools, budgeting

Currency Risk: The Purpose and Risk of Money

Posted by Protiviti KnowledgeLeader on Fri, Dec 14, 2018 @ 01:14 PM

What is Money?

People may say that “money is the root of all evil,” but is it? It may be best to point out that the original quote is better expressed as, “for the love of money is the root of all evil,” which more properly conveys the idea that money is just a thing and not evil itself, but greed and excessive desire for money can be judged morally.

Enough philosophy – let’s get down to brass tacks. Money is useful.

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Topics: enterprise risk management, risk assessment, investments and foreign exchange, accounting/finance, cash and treasury, performance management/measurement, KL Tools, KL Publications

How to Get Your Accounts Payable Process to Work for You

Posted by Protiviti KnowledgeLeader on Thu, Nov 01, 2018 @ 09:12 AM

One of our leading practices to consider for your accounts payable process is to develop strategic business alliances with suppliers and involve them in developing better ways to process accounts payable.

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Topics: supply chain, vendor management, accounting/finance, financial reporting, cash and treasury, performance management/measurement, accounts payable & purchasing

How to Manage Your Lender Relationships

Posted by Protiviti KnowledgeLeader on Thu, Sep 20, 2018 @ 01:44 PM

Is The Treasury Function Ensuring Superior Financial Services for Your Company?

The treasury function at a company bears responsibility for managing financial transactions, safeguarding deposits, earning a return on reserves and obtaining credit. At a minimum, the staff of the treasury function selects and supervises providers of financial services, such as bankers and lenders, who will produce superior results at a fair price. In companies that apply leading practices, the treasury function staff develops relationships with bankers and lenders who provide more than simple banker-to-customer services: the relationships progress into collaborative business partnerships where the bankers help the company manage financial risk and develop the resources worldwide to meet its strategic financial objectives.

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Topics: accounting/finance, cash and treasury, performance management/measurement, credits and collections

What is Process Accounts Receivable, Credit and Collections?

Posted by Protiviti KnowledgeLeader on Thu, Mar 08, 2018 @ 10:47 AM

In recent blog posts, we’ve discussed KPIs for various processes and even gave a concise description of what they are (see Guide to Managing Mergers and Acquisitions KPIs). In this post, we’ll be looking at KPIs again and this time it’s for Accounts Receivable (AR), Credit and Collections and we have a great document on KnowledgeLeader that goes more in-depth.

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Topics: accounting/finance, accounts receivable,, cash and treasury, performance management/measurement, KL Tools, credits and collections

Settlement Risk: Using Key Performance Indicators to Mitigate Exposure

Posted by Protiviti KnowledgeLeader on Fri, Jan 12, 2018 @ 09:59 AM

Settlement risk, in its simplest form, is the risk that one party won’t hold up their end in a transaction. There are several reasons this can occur, including time delay, system failure or default, and can also include risk associated with unexpected cost and/or administrative inconvenience.

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Topics: investments and foreign exchange, performance measurement, risk management, settlement risk, cash and treasury

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