How do effective treasury policies protect organizations? Kyriba and Actualize Consulting teamed up to explore key factors that impact the success of an organization in Leveraging Technology to Support your Treasury Policies, an educational webinar designed to provide a deeper understanding of treasury policy best practices. Jamie Christel, Treasury Advisor at Kyriba, and Martha Grant, Senior Consultant at Actualize, discussed a range of opportunities for treasury to improve its outcomes and processes with technology enabled policies.
While there are many regulations that we read about in treasury, Section 385 is a regulatory change that is worth paying attention to as it has the potential to significantly impact treasury. The focus of Section 385 of the Internal Revenue Code is generally to minimize tax inversions and the use of intercompany financing to repatriate profitability from global operations.
My mind wanders to an iconic scene from the Hollywood Western classic Butch Cassidy and the Sundance Kid, a 1960’s movie based on the lives of Robert LeRoy Parker and Harry Longabaugh. The legendary outlaws flee to Bolivia, and audition for body guard jobs for a mining company owned by Mr. Percy Garris.
Mr. Garris decides to test their marksmanship as part of the interview. Sundance Kid, an expert gun slinger, who never misses his target, takes aim at a small pebble lying afar.