Remove Compliance Remove Financial Reporting Remove Risk Management
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Using Predictive Analytics in Risk Management

CFO Talks

Using Predictive Analytics in Risk Management In today’s fast-paced business environment, managing risks effectively is more critical than ever. CFOs are tasked with not only safeguarding the financial health of their organisations but also navigating uncertainties that could impact business performance.

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Delivering value beyond compliance with ESG reporting

Future CFO

“Depending on an organisation’s environmental/social footprint, an ESG team or dedicated senior member is generally appointed to ensure that the organisation’s enterprise risk management adapts to the regulatory landscape,” he continues. This will improve consistency and comparability amongst organisations.

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PodChats for FutureCFO: The intersection of AI and ERP for business success

Future CFO

For example, AI automates risk management and cash forecasting processes using machine learning to generate more accurate and timely predictions,” he elaborates. Finance teams should establish a framework that incorporates regulatory requirements into their AI systems, utilising automated compliance checks and reporting tools.

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The Key Differences Between a Controller and a CFO in Small Businesses

CFO Share

A controller primarily oversees accounting processes, ensuring accurate financial records and compliance with regulations. In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy.

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ESG and sustainability action items for leadership in 2024

Future CFO

On the other hand, she opines that ESG can be looked at as a framework used to evaluate enterprise performance and potential risks based on its environmental, social, and governance practices. “It Key stakeholders from an ESG perspective would be the chief financial officer and the chief compliance officer,” she adds.

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12 Best Paying Jobs in Finance in 2023

CFO News Room

As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Financial Examiner.

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Enterprise Risk Management and EPM – Separate or Joined at the Hip?

Planful

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.