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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

However, they still have a place in corporate finance and accounting. LLMs are already reshaping the productivity landscape across the business world, including finance and accounting departments. How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand.

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How Finance Departments Can Mold Risk Mitigation Into Opportunity

PYMNTS

The enterprise is exposed to financial risks at just about every angle, with expansion across borders and into partnerships with unfamiliar firms upping the ante on both risk and reward. Analysts are urging corporates to enhance their risk management strategies in today’s particularly volatile climate.

Finance 74
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Adjoint CEO On Why Treasury Management Needs Blockchain

PYMNTS

Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior. Across treasury and supply chain efforts, Rodrigues noted, blockchain can help improve risk management through three major points: data redundancy, auditability and smart-contract permissions.

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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary. It’s also the risk management part of the role that keeps the role exciting, crucial, and a continuous growth area,” Ramon adds.

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Protiviti Mulls CFOs’ Hesitancy On Data Tech

PYMNTS

Enhanced data security and analytics are at the top of chief financial officers’ priority lists among both private and public companies, according to new data from auditing and advisory service provider Protiviti.

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Finance profession to see new sustainability related roles

Future CFO

Examples of preparers of financial reporting include CFOs , finance managers, and internal auditors, ISCA said. . Assurance service providers include audit professionals from accounting firms who help companies identify their reporting parameters, according to the organisation.

Finance 52
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TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

However, they still have a place in corporate finance and accounting. LLMs are already reshaping the productivity landscape across the business world, including finance and accounting departments. How to use AI in Finance & Accounting As we look to the future, the role of AI in finance will likely expand.