The Jobs AI Won’t Take Yet

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The BBC article “The Jobs AI Won’t Take Yet” lists jobs that computers won’t fulfill for some time despite claims that AI will replace workers.

There have been concerns that new machines will take human jobs ever since the beginning of the industrial revolution yet people have always triumphed. However, some jobs are now being seriously threatened by robots. According to a recent Goldman Sachs research, content-generating AI might perform one-fourth of the job currently performed by humans. In addition, automation might cost the EU and US 300 million jobs.

However, Martin Ford, author of Rule of the Robots: How Artificial Intelligence Will Transform Everything (see our Book Tip), believes that there are three “safe zones”:

  • Genuinely creative jobs, where coming up with new ideas and building something new is important
  • Jobs that require sophisticated interpersonal relationships, like nurses, business consultants, and investigative journalists
  • Jobs that require lots of mobility, dexterity, and problem-solving abilities in unpredictable environments, like electricians, plumbers, or welders.

The safe approach for everyone right now? Think what kind of tasks within your job will be replaced or will be better done by computer or AI; and what is your complementary skill? Also important to note, an advanced education or a well-paying job do not protect against AI takeover. Ford illustrates that the future of the white-collar worker is more threatened than that of the Uber driver, because we don’t have self-driving cars yet, but AI can certainly write reports.

Further reading on BBC or the full report from Goldman Sachs (20 pages)

Transfer Pricing: 5 Tips

Tomato AdminTomato

David McDonald from PwC suggests in TMI (Treasury Management International) 5 things that help you stay active and up to date on transfer pricing:

  1. Statement: Group Tax is responsible for transfer pricing. Treasury sets and applies the policies.
    Risk: Without clear communication between the treasury and tax departments, there is a risk of penalties.
  2. Statement: We have a great policy established and 2017 by a specialist and run it this way.
    Risk: In 2020, the OECD published detailed guidelines focused on IC-loans, cash pool, guarantees, hedging, and captive insurance. We stayed tuned and made the necessary updates.
  3. Statement: We have benchmarks; we use fixed rates from 2020.
    Risk: Prices have changed significantly in the last 12 months. The use of outdated benchmarks is dangerous.
  4. Statement: The excellent bank relationship ensures indicative quotes for IC-transactions.
    Risk: OECD guidance state clearly that bank quotes are not an acceptable form because tax authority can/will ignore them. Use a transfer pricing benchmark that can be defended.
  5. Statement: Performing detailed analyses on every loan and related party.
    Risk: IC-Loan amount/size matters for tax at risk. A 5m IC-loan is less at risk than a 50m IC-loan. Use a standard policy that applies to 80-90% of intra-group loans and only evaluate the largest transactions.

Details in the PwC report on TMI (Login required, report available at Tomato)

Zahlungsverkehr via SAP-BCM-MBC – wie geht das?

Tomato AdminTomato

Diese Lösung ist interessant für alle, die den ZV konzernweit mit SAP-Modulen abwickeln wollen. Weiterhin geht es um zentrale Visibilität und lokale Verantwortung.

Unsere vielfach präsentierte 8-seitige PDF haben wir mit dem SAP-Modul MBC Multi-Bank-Connector erneuert. Es bietet eine verbesserte integrierte Wahl der Bankkanäle SWIFT, EBICS oder H2H (H2H = manuelle Verbindung).

Alternativ zum SAP-MBC kann man es, wie bisher, mit dem SAP-BCM (zentrales e-banking Freigabe-tool), mittels sFTP mit einem Swift Service Büro verbinden.

Integrierter und bequemer ist, die Zahlungsfiles aus dem SAP-FI (Lieferanten) dem Freigabetool BCM an BCM zu übertragen. Im MBC wählen Sie, welchen Kanal Sie zu einer Partnerbank nutzen (Swift oder Ebics). Die vorab zentral evaluierten und gewählten wenigen Partner-Bank(en) sind mittels Pflichtenheften zu bestimmen (Slide 8).

Der Buchstabendreher BCM / MBC ist eventuell von SAP gewollt.

Für non-SAP Module zeigen wir unter Option 3 (Seite 7) die non-SAP Cockpit Lösung mit einem non-SAP-TMS.

Do you prefer English?

We have just updated the option 1- slide 5 with SAP BCM MBC. In the previous version, the connection was made via sFTP to the Swift Service Bureau. Now the SAP-MBC module takes over this work/connection to the before evaluated, chosen, and reduced few partner-bank(s).

View slide in detail at Tomato’s Fachbeiträge  

If you have installed and use MBC, please send your experience to martin.schneider@tomato.ch

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