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A New Reality For Supplier Risk Management

PYMNTS

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. This lack of attention given to supplier risk meant wasted spend and fraud. ” A Dramatic Shift.

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Finance and GenAI: managing risks and adding value

Future CFO

Gerry Chng , Risk Advisory Executive Director at Deloitte Singapore , sees that one of the key uses of Generative AI is the ability to create synthetic data to augment existing data points in a more cost-effective manner, which in turn makes it easier to conduct financial modelling and risk analysis.

Finance 97
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Uncertainty Is All Around

Fpanda Club

FP&A teams do not have a crystal ball… Yet, they have to answer management’s questions about the future every day. How will the competitor’s move impact our market share? Various types of uncertainty can be well illustrated by the so-called Rumsfeld matrix widely used in risk analysis and risk management.

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Reframing financial uncertainty with data and AI

Future CFO

At a recent roundtable discussion, co-organised by FutureCFO and Moody’s Analytics senior finance executives dissected the issues and concerns that face Singapore-based finance leaders must navigate amid the continuity volatility and uncertainties of markets around the region and globally. Now, it is not possible.

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Uncovering The Blind Spots Of Supply Chain Financial Risk

PYMNTS

Exacerbated by the coronavirus crisis, supply chain risk is on the rise as more businesses struggle to remain viable in a volatile market. With the disruption of the market this year, there have been a lot of vendors struggling financially," said Taylor Allis , chief product officer at Avetta. Promoting Financial Health.

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Turning Currency Volatility Into A Global FX Strategy

PYMNTS

Yet, understanding and developing a clear strategy for FX risk mitigation can be elusive, even for the largest firms. Studies also show that most executives agree their top challenge is market volatility and the struggle to determine when — and how — to hedge currency risk.

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Supplier Risks And Confronting Supply Chain Unknowns

PYMNTS

When it comes to mitigating supplier risk, even the largest corporations are sometimes flying blind. “You never know what you don’t know,” as Paul Blake, senior manager of technology product marketing at procurement software firm GEP , put it.