Mariam Lamech

Oct 1, 2024 | treasuryandrisk.com | Meg Waters |Mariam Lamech

For payroll and HR services provider Paychex, processing a massive volume of payments is a basic business function. Some payments to clients' employees are check disbursements, but the vast majority happen either via ACH or the Real-Time Payment (RTP) network. Paychex makes approximately 15 million EFT payments, worth several billion dollars, every month. That means payment fraud is always top-of-mind for Paychex management, and the organization has a dedicated fraud prevention team.

Sep 10, 2024 | treasuryandrisk.com | Kristen Beckman |Charles Toutant |Kristen Smithberg |Mariam Lamech

Although there are typically no specific rules preventing employees from discussing their salaries with co-workers, conventional wisdom has traditionally discouraged such conversations as they can lead to conflict and resentment. A new report from Self Financial found that the majority of employees—about 83 percent—believe the salaries of all employees should be transparent, and nearly three-quarters of those surveyed said they have openly talked about pay with their colleagues.

Aug 30, 2024 | treasuryandrisk.com | Charles Toutant |Kristen Smithberg |Mariam Lamech |Kristen Beckman

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Aug 28, 2024 | treasuryandrisk.com | Pallavi Thakur |Kristen Smithberg |Mariam Lamech |Kristen Beckman

In the realm of international trade, exciting progress has often been stymied by complex and inefficient payment mechanisms. Recent years have seen a surge in the volume of global trade, with the World Trade Organization (WTO) reporting a significant increase in merchandise trade volume. While extremely encouraging for businesses operating internationally, this growth has magnified the challenges inherent in trade finance, particularly in the realm of payment settlements.

Aug 22, 2024 | treasuryandrisk.com | Mariam Lamech |Kristen Beckman |Kellen Scott |Alan Goforth

On average, finance professionals saw a 4.4 percent increase in their base salaries in 2023, according to results from the "2024 AFP Compensation and Benefits Survey Report." This is lower than the average 2022 increase of 5 percent, but it is similar to the average pay increase for finance professionals in 2021 (4.3%). The talent shortage and Great Resignation drove companies to offer higher salaries in 2022, for both recruitment and retainment purposes.