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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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Taking a strategic approach to AI adoption

Future CFO

New research from global data and cloud solutions company Hitachi Vantara found that while Asia is outpacing the world in AI adoption, poor data quality and security risks threaten to stall progress.

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10 Best Practices for FP&A

The Finance Weekly

Did you know that 35% of organizations identify data quality and timeliness as significant barriers to effective financial planning and analysis (FP&A)? This issue hampers forecasting accuracy, risk management, and resource allocation. Present financial data with clear charts for faster decision-making.

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How AI Improves Enterprise Risk Management (ERM)

The Finance Weekly

It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. AI also does tasks automatically and saves time for risk managers. They can then plan and stop problems more actively.

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Members’ Profile: Rofhiwa Irene Singo

CFO Talks

Learning to analyse financial data with a strategic lens, understanding broader business impacts, and identifying potential risks are essential skills for any future CFO. How do you balance your personal and professional life? Work-life balance varies greatly depending on one’s stage in life and family responsibilities.

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Securing the remote workforce: a CFO perspective

Future CFO

Gartner forecasts that global spending on security and risk management will exceed US$150 billion in 2021 adding cloud adoption and remote working to the mix of reasons for the spend. CFOs should neither ignore these fresh vulnerabilities nor go it alone,” says Alexander Bant , practice vice president, Gartner. Sim Beng Hai.

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The role of AI in accounts payable automation

Future CFO

Charlie Cheah Best practices and risk management Cheah highlights that data security is crucial when implementing AI in AP processes. Best practices include: Data Encryption: Ensuring all financial data processed by AI systems is encrypted at rest and during transmission to prevent unauthorised access.