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Differences Between Budgeting and Forecasting in Business

Spreadym

They serve as a benchmark against which actual performance is measured, and any deviations from the budget may require approval or justification. Benchmarking: Compare your budgeted figures to industry benchmarks and competitors to ensure your financial targets are realistic and competitive.

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Emerging risks for enterprises now includes Generative AI

Future CFO

“This reflects both the rapid growth of public awareness and usage of generative AI tools, as well as the breadth of potential use cases, and therefore potential risks, that these tools engender.” In addiiton, using outputs from these tools could well end up inadvertently infringing the intellectual property rights of others who have used it.

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Navan’s Modern Approach to Duty of Care

CFO Leadership

With increased risk comes the need for increased duty of care. A realistic duty of care policy goes hand-in-hand with effective travel risk management. That risk varies based on an organization’s size, industry, and scope of business travel. And setting a high bar for duty of care means actively tracking employees.

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Transcript: Ted Seides

Barry Ritholtz

SEIDES: If the S&P is your benchmark, which it isn’t for these pools of capital. RITHOLTZ: What should be their benchmark? So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. So what do you use for a benchmark? 14, 15% a year? RITHOLTZ: Right.

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Transcript: Greg Davis, CIO Vanguard

Barry Ritholtz

There are an endless variety of business models and seeing how people operate that, it’s really an education, one that I think a lot of people coming out of school don’t think about, because you think about the sexy things. They create the benchmark. ” And that’s a risk decision that you have to make.

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Transcript: Linda Gibson, CEO PGIM Quantitative Solutions

Barry Ritholtz

They might have, you know, risk parameters, they might have liquidity needs, they might wanna track a benchmark. We just have to think about managing the money in the best way that we can. 00:34:11 [Speaker Changed] What about, since people are talking about hedging, how do you think about risk management?

Math 52
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Transcript: Kristen Bitterly Michell

Barry Ritholtz

BITTERLY MICHELL: … risk management. And so, that’s an area where you can then combine all of these things that I’ve — that I’ve talked about, you know, what regional exposures do you want, where do you see opportunity, and do you want to take on that currency risk or do you not? RITHOLTZ: Right. BITTERLY MICHELL: Exactly.