Flexible spending time bomb

Article Abstract:

Treasurers must have a clear understanding of how healthcare flexible spending accounts work to avoid incurring enormous losses. Under these benefit programs, employees contribute pre-tax dollars during the year and withdraw from these for medical expenses. However, if an employee leaves after spending far beyond his contribution, the company's exposure is up to the annual limit while the employee with a negative balance does not owe the firm money. Losses have been huge for downsizing companies, when departing employees make use of their benefits before leaving the company.

Employee Health Benefits, Insurance Mgmt-Health, Health insurance, Employee benefits

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Benchmarking Babylon

Article Abstract:

Benchmarking techniques which were supposed to diagnose inefficiencies in treasury departments have proven ineffective in accomplishing their goals. Firms employed the method haphazardly to cover very aspect of the corporation from trade credit applicaitons per hour to foreign exchange transactions with little success. Analysts cite the inherent difficulty in benchmarking the treasury as the reason for its failure. Treasury practices vary from firm to firm and are replete with borrowing functions which benchmarking cannot evaluate efficiently.

Management Consulting Services, Business & Mgmt Consulting, Analysis, Management, Services, Profits, Business consultants, Management consultants, Consulting services, Financial management, Corporate profits

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Pioneers of payment

Article Abstract:

The use of electronic bill presentment and payment (EBPP) is discussed, with focus on the the successful application of EBPP by several companies. However EBPP may soon be superceded by other payment methods.

Usage, Cover Story, Business-to-business market, Business to business market, Electronic funds transfer systems, Harley-Davidson Motor Co.

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