Financial Management, Security and Compliance

Intercompany Financial Management: An Essential Discipline for Multinational Corporations

May 16, 2023

Intercompany Financial Management
Intercompany financial management (IFM) is a discipline for structuring and handling transactions within a corporation and between its legal entities designed to maximize staff efficiency and accounting accuracy while optimizing tax exposure, minimizing tax leakage, and ensuring consistent tax and regulatory compliance.

According to Ventana Research, by 2025, one-half of large enterprises will have implemented IFM to achieve tax, risk management, and financial close benefits.

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CounterTrade Staffing & Solutions specializes in the search and recruitment of superior talent for our customers. We fulfill our clients' staffing needs by having knowledge of their company, products and industry and recruit talent to match. Our goal is to help our customers grow and increase their competitive advantage by recruiting the highest caliber employees.

OTHER WHITEPAPERS
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Instant Payments: What to Know and Where to Start

whitePaper | January 8, 2023

For the first time in decades, the financial services industry is buzzing about a new payments rail that stands to have a deep impact on how businesses and people pay each other: instant payments (also often called real-time payments). Even though The Clearing House has offered its RTP® network for years, the Fed is gearing up to launch its FedNowSM network, which brings the instant payments functionality to more financial institutions.

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How Digital is Driving Payments in 2020 and Beyond

whitePaper | March 18, 2022

Digital Transformation has dominated business discussions over the past few years, but the significance seems to have multiplied recently, given that companies are rethinking ways which they must meet their customers’ changing needs. Engaging with a businesses’ services and offerings has increased drastically and there is a plethora of options customers choose.

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Improving Intercompany Accounting

whitePaper | August 18, 2022

Intercompany accounting is integral to the assignment of the profits of domestic and global enterprises. It also has a significant bearing on the effective tax rate of the group. Intercompany accounts therefore must be calculated accurately, accounted for and settled in a timely manner, and tagged properly so intercompany liabilities and profits can be eliminated when results are consolidated. Many of the most common hurdles to an efficient and effective intercompany process can be traced to low levels of process automation, lack of access to a single source of the truth, and decentralized and inconsistent practices. By adopting best practices and reducing the need for manual intervention, account-to-report organizations can not only reduce the cost of the process, but also improve its effectiveness.

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Security Essentials for FinTech Apps

whitePaper | November 29, 2022

Based on our experience of building financial and banking products, we can state that there are corners FinTech companies should never cut. The past shows that core security features and software compliance should be an integral part of any MVP coming to the market. Therefore, you either put it in the MVP backlog from the very beginning or use a prebuilt software that already comes with the core security components.

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Transit cards: Not “just another card” in your mobile wallet

whitePaper | November 15, 2022

Carrying cards in digital form, rather than tucked away in a purse or wallet, is now commonplace. When issued with a new card, the first thing that many of us will do is upload it to our digital wallet. The physical version goes straight into a drawer. In fact we can now skip the plastic completely, and order direct an instantly useable digital card. Digitising plastic cards is fast going out of fashion.

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Digital banking – why is it becoming so important to financial organisations?

whitePaper | September 29, 2022

Over thirty years ago, people were talking about technology transformation in banking. Today, everyone is talking about digital transformation in finance. The discussions are the same, but the timing is different. Why is digital transformation so important today when, thirty years ago, it could have been ignored?

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Spotlight

CounterTrade Staffing & Solutions

CounterTrade Staffing & Solutions specializes in the search and recruitment of superior talent for our customers. We fulfill our clients' staffing needs by having knowledge of their company, products and industry and recruit talent to match. Our goal is to help our customers grow and increase their competitive advantage by recruiting the highest caliber employees.

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