Cash Boot Camp for Treasurers Chapter 6 of The Strategic Treasurer: A Partnership for Corporate Growth by Craig Jeffery  Introduction Successful Treasurers take decisive ownership of cash for their organization and decide how cash is kept, controlled, managed, and ..read more

In the final quarter of 2018, the average payoff amount for retrieving files encrypted in ransomware attacks was holding steady around $10,000. Early in 2019, the number began to rise, and only six months later it had quadrupled at $40,000. In 2019’s final quarter, the average amount was $84,116, and as if to warn that this number wasn’t going to drop anytime soon, the month of December saw the average rise to an unprecedented and shocking $190,000 ..read more

This new year, Strategic Treasurer is challenging everyone – itself as well as others – to “go strategic,” but the phrase is more than a clever play on the company name. So, what do we mean by it ..read more

In our previous post on the coronavirus remote work era, we discussed some technical and security factors that treasury needs to make sure they have covered as they send workers home. In this second post, we’ll talk about the challenges of continuing remote work, focusing on three areas: 1) backup plans, 2) extending the business continuity plan, and 3) capturing the gaps ..read more

In what has been called a mass experiment in remote work, attempts to mitigate and slow the spread of coronavirus have led many companies to ask or allow their employees to work from home for the first time. Remote work, however, involves different considerations for different departments. Treasury’s considerations are complex, and neglecting proper setup can lead to problems ..read more

A crisis is also a classroom in some respects. No one knows this better than treasury professionals, who, as managers of risk, in some ways spend their whole careers preparing for and watching for events where risks become reality in unexpected ways – events such as 9/11, the financial crisis, and the COVID-19 pandemic ..read more

With the present crisis have come myriad cancelled events and travel bans, as well as consumer reluctance to travel voluntarily. While no one has been entirely unaffected by the virus, both the nature and the degree of the effects have varied wildly from one industry to another, with some struggling to safely meet unprecedented demand and others struggling to stay afloat with no customers ..read more

We’ve discussed various ways the COVID-19 crisis could impact our technology, operations, and security concerns – but what about our people? Many of the staff now working from home have never done so before. Most were unprepared for their home to become their full-time office, and each employee has a unique situation with varying concerns and impediments ..read more

With the current disruptive events driving health concerns for our loved ones, we also see a secondary impact: Our everyday concerns have expanded and can include much talk of boredom, cabin fever, stir craziness, and too much time on our hands ..read more

In the aftermath of events, we often look back to analyze our decisions and experiences. We compare our prior expectations of how things would pan out against our current perspective. “Of course,” we may comment, “hindsight is always 20/20.” We may say this in an attempt to console ourselves or others ..read more