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The Essentials of Treasury Management in Modern Businesses In today’s fast-paced world, managing a company’s money isn’t just about paying bills and keeping the lights on. As a CFO, you’re at the helm of this important task. What Is Treasury Management? Regularly audit your treasury operations to ensure you’re in compliance.
The role of enterprise level CFOs has changed radically over the past decade with both a widening scope of influence and greater responsibilities for helping guide corporate transformation programs and technology choices. Sweeping changes in the enterprise technology landscape have also been a key driver in expanding the role of CFOs.
The CFO Leadership Council proudly highlights our very first ten Diversity, Equity, and Inclusion Ascend Honorees! The Ascend program is an opportunity for Senior Finance Executives from underrepresented groups to join The CFO Leadership Council. Fisher Senior VP & CFO American Hospital Association. Christina Y. Christina Y.
Finastra launched its front-to-back treasury solution, Kondor, at Fortune Vietnam Joint Stock Commercial Bank (LPBank), in a bid to modernise the lender's treasury management operations and capabilities. The post Finastra launches treasury solution at LPBank appeared first on FutureCFO.
As more high-value treasury operations require cross-functional collaboration, data integration between systems becomes essential. Treasury teams can redirect their time and expertise toward strategic tasks, unburdened by the tedium of manual data entry.
Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency. Among the top findings were the following points: Security & Fraud Prevention, Compliance, and Efficiency. This survey is designed as a benchmarking guide for corporate treasury. The vast majority were North American corporates (91%).
Natalie Wong Chin Ping has recently become CFO of Daiwa House Asset Management Asia, the manager of Daiwa House Logistics Trust. Wong has more than 24 years of experience in finance, accounting and treasury functions, with extensive experience within the real estate industry, according to the company.
Compliance with standards like ASC 606 and IFRS 15 is still crucial, but the focus has shifted to optimising operations for growth. There are five big challenges that finance leaders must handle in terms of revenue recognition in 2025: Meeting compliance and audit standards.
Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.
TMF Group is a global provider of critical compliance and administrative services, with some 7,800 in-house experts across 80-plus jurisdictions. The CFO’s guide to compliant accounting and tax reporting during Covid-19 was compiled in response to rapidly changing financial compliance requirements across the globe.
There will be intercompany transactions that happen between them, and it gets very complex when businesses are international – whether it's regulation or taxation, foreign exchange rates, or compliance. He suggested that the settlement procedure be automated, and integrated into the treasury management system.
FINRA has released its enforcement priorities for 2023, including a continued focus on compliance with Regulation Best Interest as well as several new priority topics, such as manipulative trading, fixed-income pricing, and trading in fractional shares.
Mayank Gupta , CFO at India-based digital automotive solutions provider CarDheko Group , talks on what role financial leaders play in making sure that the company is IPO-ready. To instill trust in potential investors, the CFO’s second crucial task is building proficient finance teams across various functions.
But this terrible war has huge implications — both immediate and longer-term — that are making every CFO sit up and take notice. That puts the onus on the CFO to manage treasury risks and closely monitor the company’s international contracts. Treasury sanctions across the globe. They can start by checking the U.S.
Just as important, how can CFOs help address sustainability objectives as part of their overall ESG initiatives? Nelson Lim , group CFO of ST Telemedia Global Data Centres (STT GDC) , spoke to FutureCFO to elaborate on how STT GDC is addressing calls for greater emphasis on sustainability in the drive for growth. Nelson Lim.
In response to reports the state's chief financial officer liked the idea of exploring storing 1 percent of government reserves in cryptocurrency, Suarez tweeted: "We have a great CFO that minds the public treasure but is forward thinking on blockchain and crypto technology.". Treasury Department announced Wednesday (Dec. If the U.S.
Due to this unique position, we need to ensure that the Finance Executive that earns our acclaimed CFO(SA) designation , is ready for the future of finance. In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position.
Having an experienced succession of crises since the beginning of 2020, FutureCFO asked two finance leaders their views on the challenges facing treasury and cash management during the pandemic and coming out of it. What is the biggest change to the Treasury and Cash Management (TCM) function brought about by the pandemic?
From the beginning of any project, we believe that compliance should never be addressed by using ad hoc or limited scope approaches because such short-term thinking invariably results in process inefficiencies, manual offline workarounds, and a lack of forward migration capabilities. Overview of Comply, Optimize, Transform.
Joe Berchtold, the President and CFO of Live Nation Entertainment, earned an impressive $52.4 million in 2023, making him the ,, highest-paid CFO in the United States. Aspiring individuals may wonder how they can achieve similar heights and earn big as a CFO. Prepare quarterly and annual tax filings.
Organisations that effectively harness these innovations expect to see marked efficiency improvements, facilitate more rapid adherence to evolving compliance regulations , and remain competitive in a fast-evolving market. What do CFOs and finance leaders in Asia think about AI in the finance function as of the end of 2024?
COVID-19 doesn’t give CFOs much room to manoeuvre – no idea how long the pandemic will last or which businesses across the supply chain will be impacted first and how fast the disruption will spread. The post CFO guide to thriving with risk appeared first on FutureCFO.
Mayank Khandelwal says the company has created five pillars – commercial and business finance, financial planning & analysis (FP&A), treasury and cash, controllership/ compliance, and IT – and all finance regions will be aligned with these capabilities.
Singapore-listed Yamada Green Resources Limited announced recently the appointment of Leyng Thai Weng as CFO. In his new role, Leyng, aged 41, is in charge of the financial matters of the group and oversees the group’s financial reporting and compliance with post-listing obligations.
Swedbank announced that it has suspended the CEO and CFO of its Estonian branch after an investigation into compliance with money-laundering rules at the bank. Swedbank then admitted in April that it had failed to prevent the laundering and announced an internal investigation.
It has been said that change is the only constant, and in the corporate world, this is especially true when it comes to the , CFO position. CFO moves often spark internal and external rumors and can draw the attention of investors and short-sellers. Kennedy was previously the CFO at Canadian retailer Roots since 2020.
Kaur emphasizes that AI agents are becoming essential for modern finance teams, automating complex tasks like payments, compliance, and reporting. Their platform helps clients significantly shorten trade finance cycles and improve efficiency.
But no, control and compliance aren’t out of reach. DOWNLOAD NOW The post Cost and compliance. Yes, it’s always been a struggle. And yes, the struggle is currently more acute. Click on the link and download this e-book from SAP Concur to find out more. Two things you can still control appeared first on FutureCFO.
announced recently the appointment of Liu Xu as CFO. He also served as the CFO of a joint venture company of Sino-Ocean Group, Shanghai Xinzheng Finance and Economy Information Consulting Co., assistant to general manager of asset management centre and deputy CFO of customer service department of Sino-Ocean Group.
For a few years now, analysts have pointed to the evolution of chief financial officer (CFO) as a strategic member of the organization. Finding a solution to competing demands on the CFO presents an opportunity for innovation,” he said in a statement. In short: The role of the CFO is more important than ever.”.
Reports also highlighted the shift in regulatory and compliance pressures when moving from for-profit companies to nonprofits. One of the largest challenges, analysts said, is the requirement for CFOs at nonprofits to report annually to the IRS. There is often a lack of resources offered to the CFO at a nonprofit firm, reports added.
Panelists included Ariel Cohen , CEO of travel management firm TripActions ; Bob Youakim , CEO of Passport , which focuses on transportation management software; Chris Ward , head of Products and Innovation, Treasury Management at PNC ; and Sunil Sharma , chief technology officer and chief product officer at freight management firm Cargomatic.
Sanjay Patil , executive partner for finance and supply chain transformation at IBM Consulting , ASEAN, says the CFO role is evolving and is now aligned with the priorities of the CEO for the organisation including improved efficiencies and customer experience. You get this whole new level of streamlined accounting and compliance processes.
Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. And they need technology.
Instead, the Comply, Optimize, Transform approach inherently keeps the future in mind by emphasizing integration of compliance solutions within the overall business operations, while also laying the groundwork for future transformation.
Winners of FutureCFO Excellence Awards 2023 in different categories Leadership Practice Awards CFO of the Year: Tay Siang Leng - QBE Asia Controller of the Year: Ravishankar Ambalaparambil - Hindustan Unilever Limited FP&A Lead of the Year: Nobuaki Hojo - SAP Australia Pty Ltd.
The CTA seeks to pull smaller shell companies and holding companies into the regulatory framework, which means the brunt of CTA compliance falls on smaller businesses. LP has formed the CTA Task Force to consult on these burgeoning issues of FinCEN compliance and complexities of beneficial ownership.
It aims to streamline repetitive and time–consuming compliance process for corporates, Lim noted, adding that it’d help to standardise the document regardless of where the banks are located. This means that compliance teams are being pushed to ensure their businesses remain competitive, as well as staying compliant.
As a SaaS-based platform, SAP Concur connects expense, travel and vendor invoice spending in one system providing a single way to manage spending from end to end for greater visibility into transactions, improve compliance, and simplify the process for everyone – finance and employees. Lee Chee Leong.
Duane Ho , the chief financial officer at Oceanus Group , noted that CFOs were increasingly asked to manage business risks so that the rest of the organisation could focus on revenue, growth, and profitability. Talking about the pain points of being a CFO, Tan says, "I think the very first important step is to make a conversation.
At the time of this crisis, where uncertainty takes centre stage, organisations are looking at the CFO to ensure business continuity. There’s an expectation from technology to have agile sourcing models, new supplier risk, maintain trade compliance and assess impact of duties and tariffs. You can find his bio below.
Welcome to this SAIBA CFO podcast, SAIBA is the South African Institute of Business Accountants, it has more than 12 000 members in the country and specialises in a wide range of disciplines such as accountancy and tax, training and development, career enhancement, legislation and financial reporting.
Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. My passion has always been to serve people’.
The CTA seeks to pull smaller shell companies and holding companies into the regulatory framework, which means the brunt of CTA compliance falls on smaller businesses. LP has formed the CTA Task Force to consult on these burgeoning issues of FinCEN compliance and complexities of beneficial ownership.
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