PYMNTS

APRIL 2, 2020

Every interaction — from ATM withdrawals to loan applications — provides FIs with valuable data about customers’ financial lifestyles. Banks can even harness external regulatory, trading and social media engagement data, all of which can be processed and analyzed to benefit their operations. Data Analytics Behind the Scenes.

Banking 94

Banking Risk Management Credit Risk Advertising 94

Future CFO

JULY 21, 2024

The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. Now, beyond interpreting financial data, we’re now also embracing sustainability reporting and assurance – a rapidly growing field."

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

CFO Plans

OCTOBER 4, 2024

By embracing accounting automation for startups , tech companies ensure their financial data is always on point, setting the stage for sharp decision-making. Efficient bookkeeping, paired with budgeting and forecasting for growth , equips tech companies to map out their financial journeys with confidence.

Management Consulting 52

Management Consulting Risk Management CFO Startups 52

CFO Talks

NOVEMBER 7, 2024

From an early age, I was fascinated with numbers and business economics. Numbers were not merely symbols on a page but the building blocks of stories waiting to be told. With time the passion for numbers evolved into a desire to tell stories through them and that these stories could be used to add value and create something meaningful.

CFO 52

CFO Leadership Communication Finance 52

Centage

JUNE 7, 2022

Keep reading for best practices for impressing owners and employees alike as a new chief financial officer. Marry Finance With Strategy It’s not enough to provide accurate financial data. Master the Art of Analytics Of course, input is always better received when there’s data behind it.

CFO 97

CFO Forecasting Data Analysis Budgeting 97

CFO Leadership

OCTOBER 10, 2023

They’re not very good at mathematics or dealing with numbers in general. While other AI models are far superior to humans in their ability to perform complex mathematics and spot trends, patterns, and variances across a broad swath of data, LLMs are not. With a large and diverse enough data set (e.g.

Accounting 95

Accounting Finance Auditing IFRS 95

Bramasol

JUNE 10, 2022

Either method enables companies to perform valuations and closing preparations for particular company codes according to required accounting principles for specific countries or locales, while still maintaining the ability to roll-up everything for enterprise-wide management. Treasury and Risk Management (TRM). Controlling (CO).

Accounting Principles 79

Accounting Principles IFRS Accounting SAP 79

CFO News Room

DECEMBER 16, 2022

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 Analyst.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

PYMNTS

OCTOBER 29, 2018

More than 670 professionals at mid-sized and large firms were asked about how they collaborate with human resources and IT departments, both areas of the enterprise that have significant impacts on financial management. Furthermore, researchers found CFOs lack the knowledge and skill set needed to mitigate risk.

CFO 58

CFO Corporate Finance Risk Management Finance 58

CFO Plans

JUNE 14, 2024

In today’s AI-powered business environment, accounting is no longer just about crunching numbers. It’s about leveraging financial insights to drive strategic decisions and elevate your business to new heights. Discover how our strategic accounting services can embolden your financial strategy and risk management.

Accounting 52

Accounting Manufacturing CFO Tax Planning 52

Future CFO

FEBRUARY 18, 2021

At the launch of a recent report examining the effectiveness of financial fraud risk management, Julie Bell Lindsay - the Executive Director at the Center for Audit Quality — was quoted as saying that “the risk of financial statement fraud at public companies is real, and that risk has only increased during the pandemic.”.

Risk Management 52

Risk Management Auditing Accounting CFO 52

CFO Talks

AUGUST 15, 2024

Practical Steps: Invest in AI and Machine Learning : Utilize AI to automate routine tasks such as data entry, payroll processing, and even some aspects of compliance and risk management. Example: A multinational corporation recently integrated AI to streamline their financial reporting process.

CFO 52

CFO Finance Problem Solving Budgeting 52

Planful

JUNE 3, 2021

Your finance team’s scrambling to gather data from the various business units within the organization, dealing with an overwhelming number of spreadsheets, and creating multiple versions of the same consolidated financial statement to comply with different regulatory bodies. It’s close time. Sound familiar?

Compliance 40

Compliance Reconciliations Currencies Finance 40

CFO Leadership

OCTOBER 18, 2023

They’re not very good at mathematics or dealing with numbers in general. While other AI models are far superior to humans in their ability to perform complex mathematics and spot trends, patterns, and variances across a broad swath of data, LLMs are not. With a large and diverse enough data set (e.g.

Accounting 52

Accounting Finance Auditing IFRS 52

CFO Leadership

MARCH 31, 2022

They struggle to keep an overview on their cash and risk positions. A professional cash management solution can help to overcome these challenges. In the past few years, the number of global mergers and acquisitions has reached an all-time high. Improve security and compliance, while preventing fraud, and cyber risk.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

PYMNTS

NOVEMBER 21, 2016

Sageworks , which develops financial data management solutions for financial institutions, has just entered the SME lending arena with a new solution that provides banks with small business lending support. “I expect to see even strong numbers,” he said.

Banking 75

Banking Finance Financial Data Economics 75

The Finance Weekly

OCTOBER 13, 2021

Make a financial reporting strategy. One of the most difficult aspects of a merger or acquisition for finance experts is combining the financial data of two independent firms into one. When it comes to something as vital as risk management, though, best practices must be followed: 1. Secure a quick win.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

Future CFO

JUNE 3, 2024

Wood adds that the TCFD recommendations have already formed a mandate in a number of jurisdictions, leading many companies to align their measures accordingly. Cybersecurity threats pose significant financial and reputational risks to organisations, exacerbated by the growing data requirements for reporting," Wood notes.

Finance 40

Finance Compliance Auditing Leverage 40

PYMNTS

JULY 5, 2018

On the consumer side, Bouda noted that the biggest threat is not to financial data — that is, consumers’ credit card numbers or credit scores — but to their very identities, including details like the number of children they have, what kind of car they drive, the places they frequently go and the names of their pets.

Securities 41

Securities Numbers eCommerce Leverage 41

PYMNTS

MARCH 11, 2016

The approval process itself can be prone to a variety of different friction points, but even with an efficient approach there is always the risk of unknowingly approving bad or fraudulent customers. So how can companies strike the balance between ensuring customer acquisition processes are not just efficient, but also frictionless and secure?

Compliance 44

Compliance Financial Data Technology Securities 44

Global Finance

DECEMBER 27, 2024

As CFOs navigate this complex terrain and adapt their business processes, and decide how large a financial commitment to make to it, they must understand the implications for their financial models, risk management practices, and overall business operations.

Technology 111

Technology Finance Leverage Investments 111