Remove Data Analysis Remove Education Remove Risk Management
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The role of AI-powered risk management in fraud prevention

Future CFO

True enough, the Finance function now is not just about crunching the numbers and making use of data obtained from traditional work, as AI-powered risk management has been deemed a game-changing approach against identity theft and other fraudulent activities. In an article penned by Lina S.

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Fiserv On Why 2020 Is ‘The Year Of P2P’

PYMNTS

As P2P gained ground, he said, “A lot of the fraud was related to consumer education and the bad guys using the tool in a way that it wasn’t intended. Fiserv and others have spent time building out “knowledge training” and call centers to educate stakeholders. Building Trust .

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How to Find the Best FP&A Candidates for Your Team

Spreadym

FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financial analysis, modeling, and strategic planning. This includes building pro forma financial statements, forecasting cash flows, and scenario analysis.

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The AI CFO: Understanding the impact of AI on the role of CFOs

CFO Share

AI Advantages and Opportunities for CFOs AI presents key advantages and opportunities for CFOs: AI Enhanced Data Analysis AI enables CFOs to analyze large volumes of financial data quickly and accurately, uncovering valuable insights for decision-making. Where will you take AI in your business?

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What Controllers Can Do to Help Leverage FP&A Solutions

The Finance Weekly

Complete data analysis (DA). In this way, the FC can provide high-detail, granulated financial analysis that can be used by the CFO for broader financial planning. A collaborative approach can also vastly improve risk management. The benefits of CPM software are as follows: Reduced operational costs.

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Differences Between Budgeting and Forecasting in Business

Spreadym

Variance Analysis: Implement a system for regularly monitoring and analyzing budget variances (differences between budgeted and actual figures). Historical Data Analysis: Analyze historical financial data to identify trends, seasonality, and patterns that can inform your budget assumptions and forecasts.

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Tailoring ESG approaches in finance

Future CFO

Wood also explains how traceability and auditability are vital for compliance, as granting personnel limited access and utilising advanced tools in line with security protocols are crucial for data integrity. 2023 saw a 20% year-on-year increase in data breaches from 2022, with twice the number of victims in 2023 than the previous year."

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