Future CFO

FEBRUARY 2, 2025

Cheah says these differences across Asia impact AI adoption, particularly in finance and Accounts Payable (AP). Charlie Cheah Best practices and risk management Cheah highlights that data security is crucial when implementing AI in AP processes.

Accounts Payable 52

Accounts Payable Accounting Invoicing CFO 52

Global Finance

DECEMBER 26, 2024

Modular systems and automation are revolutionizing FX risk management, enhancing visibility, agility, and adaptability. With FX risk management, adaptability is critical because every company has its own risk profile shaped by its market, currencies, and business model.

Treasury 59

Treasury Risk Management Currencies SAP 59

PYMNTS

JUNE 26, 2020

Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels, Bloomberg reported. Wirecard Founder and CEO Markus Braun was arrested earlier this week on charges of manipulating the market and misrepresenting accounts.

Accounting 101

Accounting Risk Management Startups Banking 101

CFO Plans

OCTOBER 29, 2024

This article explores effective strategies for accounts receivable and payable management, offering actionable insights to enhance financial stability and promote growth. This proactive approach not only aids in financial risk management but also equips businesses with the foresight needed to navigate uncertainties confidently.

Accounts Payable 52

Accounts Payable CFO Budgeting Invoicing 52

Future CFO

DECEMBER 21, 2023

Providing support to an organisation's finance team is a must in intensifying the focus on risk management. In the Association of Chartered Certified Accountants' Rethinking Public Financial Management report, 73.4% of respondents believed risks to their organisations would increase in the future.

Risk Management 52

Risk Management Finance Leadership Communication 52

CFO Talks

NOVEMBER 21, 2024

I then applied for a Junior Accountant position and pursued further studies to support that career shift. I was quickly promoted to Finance Manager, which challenged me to adapt rapidly as I found myself navigating complex responsibilities. My career began as an admin clerk and bookkeeper, roles that left me feeling unfulfilled.

CFO 98

CFO Leadership Communication Problem Solving 98

CFO Talks

NOVEMBER 29, 2024

These experiences introduced me to the broader business world and significantly accelerated my career. Following my articles, I moved into the corporate sector as a Group Accountant at Datacentrix, gaining insight into private sector finance. What key skills should a newly qualified accountant develop on their path to becoming a CFO?

CFO 95

CFO Auditing Leadership Finance 95

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. However, they still have a place in corporate finance and accounting.

Accounting 95

Accounting Finance Auditing IFRS 95

Future CFO

OCTOBER 29, 2023

FP&A functions bring in a lot of value to the banking sector across numerous time horizons simultaneously--even in the highly compliance-focused area of meeting the requirements of important new accounting standards. The post FP&A as foundation for banks' risk management appeared first on FutureCFO.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Risk Management Banking Accounting Standards 52

The Finance Weekly

AUGUST 26, 2023

It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. AI also does tasks automatically and saves time for risk managers. Why is Enterprise Risk Management Important?

Risk Management 52

Risk Management Profit and Loss Currencies Compliance 52

PYMNTS

APRIL 9, 2020

And while he’s heard anecdotal accounts, thus far he has yet to directly encounter a bank that has done the paying or an SMB that has received funds. His bank has gotten nearly through the application process with a few of their SMB customers, he noted, but they’ve not released any funds yet. Second: Eliminate The Capital Crunch .

Banking 114

Banking Accounting Risk Management Communication 114

Navigator SAP

JULY 13, 2022

An enterprise resource planning (ERP) system is a solution geared toward simplifying business processes, increasing efficiencies and integrating all operations including manufacturing, inventory, accounting and risk management. ERPs make it easy to track the progress of all business activities from a centralized location.

eCommerce 130

eCommerce Risk Management Manufacturing Accounting 130

The Finance Weekly

FEBRUARY 23, 2025

This issue hampers forecasting accuracy, risk management, and resource allocation. Without accurate insights, businesses struggle with forecasting, risk management, and resource allocation. How to improve with data: Connect FP&A tools with accounting systems for automated, error-free data transfers.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Risk Management 52

Future CFO

MARCH 3, 2025

By 2025, the traditional image of number-crunching accountants confined to back offices will be a relic of the past. CFOs, controllers, and management accountants must embrace agility and foresight to thrive in this dynamic environment. This doesn't necessarily translate to job losses, but rather a shift in required skills.

Finance 69

Finance Communication Leadership Profit and Loss 69

Bramasol

JUNE 10, 2022

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger.

Accounting Principles 79

Accounting Principles IFRS Accounting SAP 79

Bramasol

MARCH 24, 2022

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? Climate-related risks and their actual or likely material impacts on the registrant’s business, strategy, and outlook; ?

Accounting 76

Accounting SAP Analyzing Data IFRS 76

The Finance Weekly

OCTOBER 30, 2024

Fortunately, modern cash management solutions have stepped in to simplify these challenges, offering businesses the tools they need to stay on top of their finances. One of the major trends in this space is the ability to connect bank accounts seamlessly, providing real-time visibility into your financial status.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

E78 Partners

NOVEMBER 12, 2024

Start with high-priority items like accounts receivable (A/R) aging, inventory details, and accrued liabilities—elements that form the basis of early audit steps​. Strengthening Internal Controls and Risk Management Internal controls form the backbone of audit readiness.

Auditing 59

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 59

CFO Plans

MARCH 10, 2025

Proactive Payroll Risk Management Proactive Payroll Risk Management is paramount when facing client payment delays. For instance, a hospitality firm managing major event contracts might encounter significant cash flow disruptions if payments are delayed.

Economics 52

Economics CFO Risk Management Leverage 52

CFO Plans

MARCH 24, 2025

This level of commitment enhances Financial Risk Management , allowing potential pitfalls to be identified and mitigated long before they impact the business. Adopting Responsive Business Practices, the advisor regularly updated the company on its financial health and potential risks, restoring Trust in Business Operations.

CFO 52

CFO Prioritization Risk Management Planning 52

PYMNTS

AUGUST 9, 2020

Due to the SAP Ariba Network, suppliers have access to better visibility for invoices and orders, with the ability to self-manage account information, submit invoices electronically and receive new purchase orders. accounts receivable and POS solution provider takepayments.

SAP 144

SAP Invoicing Risk Management Education 144

Global Finance

NOVEMBER 14, 2024

Real-Time Fraud Prevention with AI Digital account fraud is a significant issue for global financial services, increasing 45% annually. Using AI, CTBC has defied the trend: Its innovative AI Skynet fraud detection system reduced fraud in its credit card accounts by 6% in 2024.

Banking 52

Banking Leverage Risk Management Technology 52

Bramasol

JUNE 25, 2024

However, amidst the ever-expanding role of the Office of the CFO, accounting still is a major responsibility and this arena also is radically changing with the availability of new tools, technologies and challenges. These capabilities address key operational accounting issues as companies transform their business offerings.

Compliance 56

Compliance Financial Planning and Analysis (FP&A) Accounting SAP 56

Future CFO

APRIL 7, 2025

Benjamin Soh, founder and managing director at Singapore-based ESG data and technology company ESGpedia , believes finance leaders are well-positioned to drive both sustainable growth and cost efficiency, given their oversight of financial strategy, risk management, and capital allocation.

Compliance 52

Compliance Leverage Finance Risk Management 52

CFO Plans

SEPTEMBER 24, 2024

With so many responsibilities on your plate, why not streamline your financial processes with a one-stop-shop for all your small business tax and accounting needs? Cloud-based accounting solutions ensure that your financial data is accessible anytime, anywhere. If you’re among them, you’re not alone.

Accounting 52

Accounting Tax Planning CFO Risk Management 52

Future CFO

APRIL 26, 2023

The talent challenge is now becoming a table stake for all leaders, with 55% of respondents to the same PwC Pulse Survey acknowledging this as a serious business risk, 78% that plan to enhance their cyber risk management, and 42% who want to see accountability for climate change governance being assigned to a person-in-charge.

CFO 98

CFO Financial Planning and Analysis (FP&A) Risk Management Budgeting 98

CFO Plans

JUNE 14, 2024

In today’s AI-powered business environment, accounting is no longer just about crunching numbers. Let’s explore five key accounting services that can transform your business operations and help you stay ahead of the competition.

Accounting 52

Accounting Manufacturing CFO Tax Planning 52

Future CFO

JULY 21, 2024

Given the advent of artificial intelligence and machine learning, the accounting profession faces challenges in talent as it continues to navigate its way around digitisation and shifts in the market. This transformation is an intertwined act of two complimentary forces: Sustainability and Technology," Abrol explains.

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

CFO Talks

APRIL 9, 2025

What Every CFO Should Know to Protect the Business (and Their Career) You dont need to be an actuary or compliance expert to understand risk. Risk management isnt a luxury, its a core leadership function. What if ransomware locked up our accounting system? What if a new regulation invalidated a key business model?

CFO 52

CFO Leadership Communication Risk Management 52

PYMNTS

JUNE 29, 2020

The revenue from those businesses was deposited in trust accounts rather than paid straight to the company. Wirecard explained that the money was kept that way for risk management, saying it could be saved to provide refunds or chargebacks if needed.

Auditing 130

Auditing Risk Management Accounting Banking 130

PYMNTS

DECEMBER 13, 2020

Paymerang , which works in accounts payable (AP) automation, has debuted its new Invoice Automation Solution, which a press release stated will help organizations with efficiency, accuracy, visibility and getting rid of manual paper processes. The company recently debuted the new service at the Collegiate School in Richmond, Virginia.

Invoicing 112

Invoicing Accounts Payable Risk Management Budgeting 112

CFO Plans

AUGUST 30, 2024

Leveraging technology to streamline accounting processes is no longer a luxury but a necessity. This is especially true in the real estate industry, where managing finances can be complex and time-consuming. Discover how tech-enabled tools can transform your real estate accounting.

Accounting 52

Accounting CFO Compliance Leverage 52

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Here's how it works: Multiple Currency Support: In a multi-currency account, you can hold balances in different currencies simultaneously.

Currencies 52

Currencies Accounting Risk Management Compliance 52

Future CFO

NOVEMBER 16, 2023

Accountants nowadays are expected to adapt and acquire new skills to stay ahead of the curve as the business environment rapidly changes. Among these skills is data analytics, which when mastered, can make a significant impact on an accountant’s career trajectory and professional growth. Gain hands-on experience.

Accounting 52

Accounting Risk Management Technology 52

PYMNTS

MARCH 26, 2020

A card is used for payouts into any bank account, digital wallet or agent locations supported by Western Union. Western Union recently partnered with Integral for a new risk management mechanism called Integral BankFX. A pilot of the new channel is being introduced in Austria, Belgium, Italy, Portugal and Oman.

Foreign Exchange 114

Foreign Exchange Currencies Risk Management Technology 114

Global Finance

DECEMBER 6, 2024

Over the past year, QNB Privates strategic investment approach has significantly increased return on investment, reflecting its commitment to maximizing client value while maintaining prudent risk management practices. The private bank offers a comprehensive service suite of traditional banking and modern financial solutions.

Banking 52

Banking Concentration Investments Risk Management 52