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FP&A is an evolving function that falls into the intersection of finance, operations and strategy aimed at driving better decision-making trough insightful analysis, forecasting and goal setting. This results in a fragmented approach to risk assessment and decision-making.
Oliver Jones, head of EY-Parthenons Geostrategic Business Group, tells Global Finance how forward-looking companies are embedding geopolitical thinking into their risk frameworks, investment decisions, and long-term planning. GF : Who should have the responsibility for understanding geopolitical risk and opportunities?
As AI is piloted and adopted across all aspects of the personal and business banking landscape, Global Finance held a Digital Banking and AI Innovation panel in London with global financial industry leaders to explore the impact of new technologies and how to incorporate them in a way that creates a win-win for all stakeholders.
At the forefront of this situation, the archipelago's chief financial officers and finance leaders are expected to be sustainability champions, integrating ESG factors into their financial planning and reporting processes. Further, riskmanagement is another area where the CFO shines.
Members’ Profile: Anne-Marie de Bruin In this edition of CFO Club Africa’s Members Spotlight, we are introducing Anne-Marie de Bruin, a highly experienced finance professional and the freelance Financial Manager at AM Cross Country Consulting.
Finance business partnering is not a new concept and has been around for a while. “ The success …depends on the extent to which finance men are capable of looking outside finance and playing an active, rather than a passive, role in the business. ” Well, not just for a while, for more than 60 years. “
One industry that tends to be recession-resistant is finance. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. And while the finance industry has seen its share of ups and downs over the years, it generally bounces back fairly quickly after a downturn.
The Finance function has dealt with enormous changes over the past years, and what seemed like an area of expertise that is out of the chief financial officers' hand has now made its way into their office. Another critical aspect of trade finance digitisation is the shift towards data-driven operations, according to MacLennan.
The finance veteran has nearly three decades of experience spanning across strategicplanning, riskmanagement, and fundraising. In his new innings with DTDC, he is expected to play a key strategic role.
Risk can mean something different for every company—as Warren Buffett famously said, “Risk comes from not knowing what you’re doing.” Knowing what you’re doing begins with having a strategicplan in place for your business that incorporates riskmanagement. appeared first on BeaconCFO Plus.
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Financial Management Made Easier with Outsourced Accounting Benefits Entrepreneurs often find financial management overwhelming, as the balance between financial responsibilities and business growth can lead to stress and burnout.
Not that long ago, corporate treasurer—the top slot in every company’s green-eyeshade corps—was about the last position most observers would tag as strategic. While the job has always had a strong risk-management component, the basic task was simple: making sure the company has cash available, when and where it’s needed.
At a high level, a normal day involves strategicplanning, teamwork, and tackling challenges, but most days are diverse and varied. Mornings are typically all about concentrated focus, starting with ensuring alignment with our clients across key objectives like riskmanagement, credit solutions, and employee benefits strategies.
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Afternoons are a mix of strategicplanning sessions and deep dives into emerging technologies, particularly Generative AI. Im passionate about lifelong learning, so I dedicate time to explore how the latest tools can solve real-world business problems and revolutionise industries like finance and supply chain management.
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The CFO is a strategic financial leader of the organization. They collaborate with executives, investors, and the finance team to managerisk, choose investments, and collaborate on strategic decisions. StrategicPlanning and Forecasting CFOs create long-term financial plans and forecasts.
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With his credentials as a Business Accountant in Practice BAP (SA) and a Licensed Independent Reviewer with CIBA , Charles is known for blending technical expertise with strategic foresight. His journey in finance has been marked by resilience, innovation, and a dedication to tailored client service.
Embedded finance features include global payments, virtual accounts (VAs), and account management. Nordea , which wins two awards this year, as both Best Fraud Detection Solution and Best Bank for Treasury FX Services, has developed a new secure Cash Management self-service request.
It identifies 34 competencies structured within the four general roles of a CFO: Steward This role focuses on accounting, control, riskmanagement, and asset preservation. Operator : The operator emphasizes efficiency and service levels, balancing cost and service in delivering the finance organization’s responsibilities.
Financial planning is the process of assessing your current financial situation, setting financial goals, and creating a strategy to achieve those goals. It involves evaluating your income, expenses, assets, and liabilities to develop a comprehensive plan for managing your finances effectively. and "How will we get there?"
Grant Thornton released its 2017 CFO Survey this week to find that most of these executives said strategicplanning is their top priority within the enterprise, surpassing other priorities like performance management or even increased cash flow. One of the largest ways it can do so is for riskmanagement.
This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategicplanning , riskmanagement, and corporate governance.
Gary is a finance professional with more than 45 years of expertise in business development, global accounting, and process improvement across multiple industries. He previously managedfinance teams ranging in size of two to 250. vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO.
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To triumph over the expected and even the unexpected shifts, CFOs must be on the look out for the risks they are likely to face in the next 12 months. These risks can turn into opportunities for growth and profitability if managed right.
Nicolaas emphasized CIBA’s role in supporting CFOs and finance professionals through education, resources, and a strong professional network. Key Initiatives and StrategicPlanning : Pieter detailed key initiatives undertaken by the ICFOA, emphasizing strategicplanning that aligns with global financial trends.
Although all members of a finance team play a role in the integration and use of FP&A solutions, the influence of the Financial Controller (FC) is particularly important to note. This is becoming such a popular and well-received concept that performance management is becoming a true profession.
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RiskManagement: Identifying and mitigating financial risks is crucial for SMEs. Fractional CFOs assess risks and implement strategies to protect your company’s financial interests. Fractional CFOs assess risks and implement strategies to protect your company’s financial interests.
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