If you’re a treasurer with a mid-sized company, you may want to take another look at SWIFT for Corporates. SWIFT – that is, the Society for Worldwide Interbank Financial Telecommunication – provides a communications platform as well as products and services to connect banks, companies, and securities firms around the world, enabling them to exchange financial information. As a result, SWIFT can help treasurers boost visibility to their cash positions and cut the costs of their financial transactions. “SWIFT is an alternative to bank-proprietary access channels,” says Brian Wedge, executive director with JPMorgan treasury services. more

A supplier of purchase order financing describes the challenging credit environment that small businesses face. An interview with Richard Eitelberg, C.P.A., president of Hartsko Financial Services, Inc., Bayside, Queens, New York. ###

Research shows that CPM office employees possess deep expertise in one or more competencies. Note that employees are not CPM generalists who lack depth in any one competency. It is important for team members to possess deep organizational knowledge to understand the political topography and have the ability to read changes in the organization and shifts in the agendas of key executives and influencers. In addition, these employees leverage industry-specific knowledge during the course of improvement projects, so it is also important to have CPM office employees with deep industry experience. more

Rumblings among financial services industry observers suggest that the government’s interpretation of last week’s bank stress tests may be a tad optimistic.

Dennis Santiago, the CEO of Institutional Risk Analytics, says that the initial stress tests “reflect a significant increase in stress across the banking industry.” more