Apple announced plans to invest $350 Billion in the United States economy over the next five years, largely driven by its decision to repatriate the bulk of its $250 Billion in overseas cash reserves. Although they didn’t explicitly state the amount of cash on their balance sheet that will be brought back to the U.S., they did claim that the repatriation would incur approximately $38 Billion in taxes, which corresponds to most of the $250 Billion they hold overseas.
2018 is almost here! That means we are obligated to recap the past year and make deep, insightful predictions for 2018. While there is much to draw from, our predictions focus on the following:
Accounting for widgets is not the role of a modern treasury leader. Treasury's shift from tactical to strategic is noted by AFP in its recent study, 2017 AFP Strategic Role of Treasury Survey, where "80% of survey respondents believe that treasury is currently playing a more strategic role at their organizations than in the past three years." However, in the absence of advanced technology, the treasury team is so encumbered with manual tasks that delivering strategic advice and decision support is out of reach.