Remove Auditing Remove Compliance Remove Credit Risk
article thumbnail

Using Predictive Analytics in Risk Management

CFO Talks

Regularly review these reports with your internal audit or risk teams. Supply Chain Risk Management In industries where supply chains are critical, disruptions can lead to costly delays. Use this data to develop predictive models that highlight potential risks in the supply chain before they happen.

article thumbnail

The Role of a CFO in Financial Risk Management

CFO Share

Here is a list of different types of risks a CFO will help manage: Operational Risks Disruptions in day-to-day operations due to internal issues or external factors can severely impact a business. A CFO can develop contingency plans, conduct regular audits, and ensure robust internal controls to mitigate these risk.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Effective Risk Management Strategies for Businesses

CFO Talks

This can be done using a risk matrix, which plots the severity of the impact against the likelihood of occurrence. The goal is to prioritize risks that have the highest potential impact on the organization. For example, currency fluctuations and credit risk may rank higher for South African businesses due to the economic environment.

article thumbnail

Serent Capital Starts New Fund; Bullish On B2B Payments Category

PYMNTS

Through invoice integration, the service boasts improvements to savings and offers a compliance audit feature that can help vendors cut spending. For example, our portfolio company, GDS Link, provides credit risk management solutions to lenders.

B2B 79
article thumbnail

SBA Taps Accountancy Group To Fight SMB Red Tape

PYMNTS

In a press release issued on Monday (June 25), the SBA announced a strategic alliance with the American Institute of Certified Public Accountants (AICPA) to help small businesses (SMBs) facing regulatory compliance and enforcement issues.

article thumbnail

Why Banks Need FinTech To Address Their Own Complicated Treasuries

PYMNTS

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS. Staying Updated.

article thumbnail

162: Lindelani Gumbo

CFO Talks

Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. That’s a lot of compliance to cover. This seems to be more of a regulatory compliance role than an accounting role, can you explain that?