Order-to-Cash is an integration point between Finance (FI) and Sales (SD). It is also known as OTC or O2C in short form. It is a business process that involves sales order from customers to delivery and invoice. It comprises SO, Delivery, Post Goods Issue (PGI) and billing to customers. OTC process is a very important process in Enterprise Resource Planning software(ERP Software). Both major ERP software SAP and Oracle include this process. Living Wills (Recovery and Resolution). This Dodd-Frank exercise is a liquidation scenario. Regulators want banks to show how they would liquidate operations in a stress scenario without jeopardizing the financial system. When first implemented, banks might have taken for granted how easy it would be to pass. But large banks are labyrinthine structures with a complex network of holding companies, operating entities, regulated entities, minority interests, joint ventures, special-purpose structures, and deposit-taking operations.
Investment-banking fees (the fees it generates from the Wall Street Journal headline-splashing deals) comprises only 21% of 2016 net revenues for the firm. For decades, the firm has been an elite institution in corporate finance and advisory, and it will continue to attract the talent (and pay the talent) to ensure that it will also be. The brand alone will help keep Goldman in the top 5 in most league tables (barring any embarrassing scandal). But IB fees fluctuate. They rise, fall, come and go, based in part on corporate balance sheets, company shareholders’ desperation to grow, and confidence in the economy.
What these two … Read More