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From a Press Release dated July 31, 2025, Costa Mesa, California Experian recently announced the launch of the Experian Assistant for Model RiskManagement , an AI-powered solution designed to help financial institutions manage and govern their models more efficiently throughout the entire model development lifecycle.
But as time goes on, companies are going to continue to invest in technology, as well as in AI governance, security, and riskmanagement. While they won’t eliminate all security incidents, they will be able to get their riskmanagement controls to a place where they protect themselves to the fullest extent possible.”
The Key to Effective RiskManagement in Business with Chris Weeks, CFO Center UK In the latest CFO Club podcast, we had the pleasure of hosting Chris Weeks from CFO Center UK. Chris shared invaluable insights into effective riskmanagement strategies and how businesses can better prepare for uncertainty.
It has been an imperative for accountants to keep up with the technological advancements in the market, and understanding artificial intelligence now raises key challenges for finance professionals. AI risks are diffuse, meaning a collaborative approach to riskmanagement is ever-more vital.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. Both strategies come with advantages and risks - but which one delivers the best impact for your business? 🎯 Compliance & RiskManagement: Avoiding legal pitfalls in collections and ensuring regulatory adherence.
I then applied for a Junior Accountant position and pursued further studies to support that career shift. I was quickly promoted to Finance Manager, which challenged me to adapt rapidly as I found myself navigating complex responsibilities. What key skills should a newly qualified accountant develop on their path to becoming a CFO?
Start with high-priority items like accounts receivable (A/R) aging, inventory details, and accrued liabilities—elements that form the basis of early audit steps. Strengthening Internal Controls and RiskManagement Internal controls form the backbone of audit readiness.
These experiences introduced me to the broader business world and significantly accelerated my career. Following my articles, I moved into the corporate sector as a Group Accountant at Datacentrix, gaining insight into private sector finance. How do you balance your personal and professional life?
Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy
With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and riskmanagement strategies when the topic arises.
E-invoicing mandate and ESG compliance add further complexity dimensions to the priorities and challenges faced by the Office of the CFO. Office of the CFO must navigate these varying regulations and ensure that AI solutions comply with local laws to avoid non-compliance and potential penalties.
Innovations include Open Banking Marketplace and SC PrismFX, an ESG-linked cash account for corporate clients that ties fees and interest rates to ESG performance. Auquan’s Risk Agent autonomously monitors public and private company portfolios for early risk signals across a host of factors and supports potential additions.
Benjamin Soh, founder and managing director at Singapore-based ESG data and technology company ESGpedia , believes finance leaders are well-positioned to drive both sustainable growth and cost efficiency, given their oversight of financial strategy, riskmanagement, and capital allocation.
Virtual Account Based Solutions (VABS) | BNY In January, BNY launched VABS, a cash management solution that promises to provide clients with improved control and access to cash administration activities and reporting capabilities. Virtual accounts can be linked to physical accounts within BNY and payments are reflected in real time.
This issue hampers forecasting accuracy, riskmanagement, and resource allocation. Without accurate insights, businesses struggle with forecasting, riskmanagement, and resource allocation. How to improve with data: Connect FP&A tools with accounting systems for automated, error-free data transfers.
By 2025, the traditional image of number-crunching accountants confined to back offices will be a relic of the past. CFOs, controllers, and managementaccountants must embrace agility and foresight to thrive in this dynamic environment. This doesn't necessarily translate to job losses, but rather a shift in required skills.
As the role of the finance leader evolves beyond compliance and control, strategic decision-making increasingly relies on the intelligent use of data. Timely, granular data allows finance leaders to spot emerging risks earlyfrom liquidity pressures and supply chain disruption to reputational issues or compliance red flags.
Brown via Getty Images Opinion The Ben Affleck accounting shortage hack “The Accountant” movie from 2016 is loved by many CPAs. Will the new sequel and the franchise’s drama help attract more young people to the accounting profession? You can unsubscribe at anytime.
But in the back of your mind, you know the hard work starts now, because you, as CFO, are the one who must bring order to financial chaos in a world that speaks many accounting languages, follows different rules, and operates on different calendars. It’s about governance, compliance, control, cash flow, and risk, at scale.
Huruda de Castro Malungane : ESG, Ethical Leadership, and Breaking the Isolation in Africa In a captivating episode of CFO Club Conversations , Leana van der Merwe speaks with Dr. Huruda D’Castro Malungane, an extraordinary leader at the intersection of finance, governance, risk, and human capital.
If the scandal involved misreporting, aggressive accounting policies, or deliberate manipulation of results, the damage to the organisation’s credibility will be severe. Enhancing Internal Controls and RiskManagement A scandal often reveals weaknesses in internal controls.
She further suggests the importance of setting up objectives that encompass cost efficiency, standardisation, enhanced compliance, talent optimisation, and readiness for automation and AI integration. A proactive approach to riskmanagement, coupled with established compliance protocols, will safeguard organisational integrity.
Maintain compliance with ongoing disclosure and transparency requirements. Internal reporting structures and organizational charts should support these segment classifications to ensure consistency and compliance. Strengthen Finance and Accounting Teams : Ensure teams have public company expertise to meet SEC and investor expectations.
When you’re making small-talk with someone who isn’t in finance or accounting about how work is going, and they answer with “busy,” do you ever question how hard it really is? They have a five person accounting team who spend an unwieldy amount of time dumping data from NetSuite into Excel. All involving Excel data manipulation.
AI has long been instrumental in data analysis, trend forecasting, automation, riskmanagement, and enhancement of customer service. ensuring legal and regulatory compliance; 2) “Should we use it?”: prioritizing fairness, transparency, explainability, and accountability in implementation. “We
Navigating Complexity in Fund Administration Fund administration today is about more than meeting reporting deadlines or reconciling accounts. It is a critical function that directly impacts investor confidence, operational resilience, and compliance. The Benefits of Co-Sourcing for Fund Managers 1.
To truly understand and manage credit risk today, modern companies must look beyond the basics and leverage new technologies, alternative data, and broader information sources. They must navigate a web of challenges ranging from cyber threats and regulatory compliance to the intricacies of global supply chains.
The role of the Chief Financial Officer (CFO) has undoubtedly moved outside the traditional accounting function and into a strategic leadership position. This includes implementing AI-enabled riskmanagement, providing real-time anomaly detection, fraud prevention, and enhanced decision-making insights within process workflows," he continues.
What Every CFO Should Know to Protect the Business (and Their Career) You dont need to be an actuary or compliance expert to understand risk. Riskmanagement isnt a luxury, its a core leadership function. What if ransomware locked up our accounting system? The board expects more. The market demands more.
"A lower DSO indicates efficient collections and healthier working capital, allowing businesses to reinvest in growth, manage expenses, and preserve financial stability," he opines. Such tailored approaches balance riskmanagement with customer retention, aligning fiscal needs with market realities.
This includes management practices and how they relate to risks and opportunities ESG presents. FinDep says understanding these regulations is crucial for compliance and success in the market. Investors may engage with board directors to encourage better practices in accounting and transparency.
From real-time cash visibility and automated receivables to seamless global payments and sophisticated riskmanagement tools, the industry is moving toward a more digital, data-driven, and strategically integrated treasury function. Collectively, these innovations underscore a pivotal transformation in corporate treasury.
The regulatory dimension adds layers of compliance requirements, making AI implementation more cautious and deliberate. Murtaza Rangwala “Given the high-value nature of our decisions, particularly around riskmanagement and capital allocation, the precision and reliability of outputs from FP&A systems are absolutely critical."
With the restructuring and rebrand, Acclarity will come together as a single, nationwide entity of more than 300 employees and contractors, focused on delivering accounting services to large and emerging-growth companies. Tracey Holecek is a dynamic CPA with business, accounting, auditing, and finance expertise.
This means leading by example, ensuring policies reflect ethical principles, and holding everyone accountable to high moral standards. Businesses that engage in unethical practices may gain short-term profits, but they risk losing their reputation, which can take years to rebuild. They ensure that their actions match their words.
Also honored with Standard Bank Eswatini’s BLUE SHEroes Award and recognized by the Eswatini Institute of Accountants. Then I was introduced to accounts in high school, and I just loved the challenge of balancing the balance sheet and cash flows. That just blew me away, it will forever be a pivotal moment in my life.
Currently serving as Head of Finance, HR and Acting RiskManagement at Liberty Health , Dr Huruda plays a critical role in finance operations, corporate governance, board advisory, and integrated risk frameworks. In 2024, I implemented a governance framework that enhanced compliance by 25% and increased board engagement by 40%.
Cyber-risks are a core vulnerability that your counterparts in Third Party RiskManagement (TPRM) and Supply Chain Management (SCM) are already tracking. Trade Credit & Liquidity Management is a reader-supported publication. What compliance standards do they meet? You should do the same.
ESG is not just about compliance; it’s a framework for long-term business viability and resilience. RiskManagement: Identifying and mitigating ESG-related risks, which are increasingly recognized as indicators of potential business vulnerabilities. David, welcome to another edition of the podcast for CFO Club.
As AI systems make autonomous decisions and digital assets flow across jurisdictions, the need for compliance, security, and observability has never been greater. It’s important to have a trusted partner who can help CFOs achieve outcomes while balancing innovation with security and compliance,” Singh emphasises.
When it comes to managing your organization’s workforce, you have two primary options: traditional payroll services or a Professional Employer Organization (PEO). No matter which direction you end up going, its crucial to understand the importance of payroll compliance.
Miao described a variety of initiatives designed to strengthen management, accelerate innovation, and improve both wealth management and fintech riskmanagement. Offerings include corporate accounts, cross-border yuan settlement, litigation services, and foreign exchange trading. million SMEs stood at ¥1.46
This level of commitment enhances Financial RiskManagement , allowing potential pitfalls to be identified and mitigated long before they impact the business. Adopting Responsive Business Practices, the advisor regularly updated the company on its financial health and potential risks, restoring Trust in Business Operations.
The legislation sets clear rules for stablecoin issuers, requiring full reserve backing and compliance with anti-money laundering laws to safeguard consumers and reinforce the US dollars global standing. Indeed, some of this blue-sky speculation may not be accounting for all the risks. McLoughlin, at UPHOLD, remains buoyant.
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