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5, 2025 Alexei Alexis Reporter post share post print email license Alexander Sikov via Getty Images Dive Brief: Corporate finance departments will look very different in three years, as technologies such as artificial intelligence agents transform how CFOs and their teams operate, Eric Glyman, CEO of tech startup Ramp, said in a recent blog post.
Artificial intelligence promises to enhance operational efficiency, improve decision-making, and help CFOs and the finance team drive strategic value. The dual nature of AI in riskmanagement AI is heralded as one of the most significant innovations of our time, offering both immense potential benefits and considerable risks.
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.”
At the FutureCFO Conference series, organised by Cxociety, finance leaders in Indonesia, Malaysia, Singapore, the Philippines and Thailand ranked automation and degitalisation (80%), investing in talent and employee development (58%) and continuous innovation (47%) as the top three strategies most important to sustainable growth in 2024.
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.
The finance function is undergoing a seismic shift. Technological advancements, evolving market demands, and a heightened focus on sustainability are converging to reshape the finance landscape. CFOs, controllers, and management accountants must embrace agility and foresight to thrive in this dynamic environment.
In 2025, the integration of AI into the finance function in Asia has the potential to reshape operational frameworks and decision-making processes. Current industry research suggests that AI technologies are gaining traction among finance professionals navigating a complex landscape marked by rapid change.
As the landscape of finance continues to evolve, the role of CFOs and finance leaders becomes increasingly crucial. In 2025, the shift towards finance-shared services is not just a trend; it is a strategic imperative that can significantly enhance the efficiency and effectiveness of finance functions across Asia.
We are confident in the ability of our finance team and will continue to evaluate employment needs on an ongoing basis,” Mitchell said. You can unsubscribe at anytime. Please select at least one newsletter. Please select at least one newsletter.
AI has long been instrumental in data analysis, trend forecasting, automation, riskmanagement, and enhancement of customer service. GenAI is rapidly transforming and accelerating AI’s integration and impact within the finance sector, leading to rapid adoption and influence.
Regulatory demands : Rising regulatory requirements, particularly in AML and cybersecurity, necessitate that banks prioritise IT investments, directly influencing CFOs financial planning and riskmanagement. CFOs should leverage sustainability-linked loans tied to Key Performance Indicators (KPIs) to secure favourable financing terms.
Members’ Profile: Anne-Marie de Bruin In this edition of CFO Club Africa’s Members Spotlight, we are introducing Anne-Marie de Bruin, a highly experienced finance professional and the freelance Financial Manager at AM Cross Country Consulting.
Global Finance: The UAB has been bringing together the Arab worlds banking sector for over 50 years. This includes promoting green finance, investments in climate resilience, and financial inclusion to support small to midsized enterprises, women, and youth entrepreneurship. What are the critical issues you are working on now?
Gartner defines " performance management " as the combination of methodologies and metrics that enables users to define, monitor and optimise outcomes necessary to achieve organisational goals and objectives. According to Kumar, data integration and governance are, therefore, priorities for the finance function.
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? We spoke to 20 finance teams for research on this article. After all, how busy someone is will be relative to their business, function, and industry.
As businesses navigate their way around various technological advancements, finance teams are faced with the task to integrate analytics and automation into their existing processes, determining at the same time which specific system to transform first for maximum operational impact.
Strengthening Internal Controls and RiskManagement Internal controls form the backbone of audit readiness. Take a critical look at areas prone to audit issues—such as revenue recognition, procurement, impairment, and financial reporting—ensuring that controls in these high-risk areas meet compliance standards.
This issue hampers forecasting accuracy, riskmanagement, and resource allocation. Without accurate insights, businesses struggle with forecasting, riskmanagement, and resource allocation. Encourage collaboration between finance, sales, and operations to align financial strategies.
Plant to Boardroom: Why Operational Finance Experience is a Strategic Advantage In the race to become CFO, many finance professionals focus on roles that offer visibility. These often include corporate reporting, investor relations, or strategic finance. Operational finance provides that missing link.
As finance leaders take on the reign and oversee even non-financial strategic matters such as environmental, social, and governance (ESG), it is then important to take the magnifying lens and look into its significance in the department. This includes management practices and how they relate to risks and opportunities ESG presents.
Finance leaders now are faced with the task of identifying and mitigating ESG-related risks, allocating resources towards sustainability initiatives and communicating the organisation's ESG performance to stakeholders. He says businesses are not just pursuing sustainability for compliance purposes but also for long-term value creation.
Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. What sparked your interest in finance?
Since then, innovations have flowed thick and fast, including SemFi by HSBC, which aims to deliver seamless embedded finance solutions to business clients. ” Chandini Jain , Auquan Auquan In March, UK-based Auquan launched an industry-first AI agent purpose-built to perform risk monitoring and detection for financial services companies.
Most Innovative Financial Technology Company in North America | BATTERY FINANCE In November 2024, Battery Finance executed a pioneering financial transaction by establishing a bitcoin reserve with shared appreciation benefits for both borrower and lender.
As the role of the finance leader evolves beyond compliance and control, strategic decision-making increasingly relies on the intelligent use of data. Its the quality, relevance, and timing of information that separates high-performing finance functions from reactive number-crunching. But not just any data.
While tariffs may not have a direct impact on the Austin, Texas-based company — which provides fraud prevention and anti-money laundering compliance solutions to businesses — currency and foreign exchange risk remain top of mind, and is “a common topic at my CFO round tables,” Pierce said in an interview. Published Aug.
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.
The CFO’s Expanded Role Modern CFOs are no longer just financial stewards; they are architects of global finance strategy. Technology and Data Integration Your finance systems must support multi-entity, multi-currency, and multi-GAAP reporting. Delays in compliance. But allow enough flexibility for local compliance.
Global Finance: How is innovation transforming banking in Africa? GF : Where does technology and innovation have the biggest impact within finance? Our technology, products, and processes facilitate access to trade finance, which is key to facilitating trade flows. GF : How is Absa innovating in trade finance for Africa?
Simultaneously, opportunities arise from increased M&A activity, sectoral shifts towards technology and infrastructure, and innovative financing methods such as green financing and alternative deal structures. We need to take data protection seriously and ensure compliance to its entirety," he affirms.
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.
The finance team must be empowered to report accurately and independently. Enhancing Internal Controls and RiskManagement A scandal often reveals weaknesses in internal controls. Whether the issue arose from fraud, compliance failures, or governance lapses, the CFO must ensure that the riskmanagement framework is upgraded.
Our experience with top banks shows that innovation thrives when business, IT, compliance, and product teams collaborate. Leading banks are already realising these benefits: ANZ Bank uses AI to help customers manage their finances more effectively through smarter insights and improved data interactions.AI
Ensure their finance team has public company reporting expertise. Maintain compliance with ongoing disclosure and transparency requirements. Internal reporting structures and organizational charts should support these segment classifications to ensure consistency and compliance.
You can unsubscribe at anytime. tariffs since the 1930s will stoke just short-term price pressures. Bowman said she anticipates three, quarter-point cuts by the end of 2025, leaving the main rate between 3.5% Futures traders see 44% odds of such an outcome. Registered in England and Wales. TechTarget, Inc.s registered office is 275 Grove St.
Cross-Functional Insight That External Hires Lack Many CFOs who grew from the ground up have not spent their entire careers in finance. They may have rotated through operations, compliance, IT, or even sales. People may see you as head of finance material but not necessarily as CFO material. The Loyalty Factor: Friend or Foe?
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. These arent hypothetical scenariostheyre real-world risks that South African CFOs have faced in recent years.
It often involves working with people outside the finance function, on issues that may not appear, at first glance, to be financial at all. CFOs are being asked to help assess and prioritise investments, model scenarios, and guide change—even in areas that sit outside traditional finance. But consistently saying no carries a risk.
Global Finance: In fall 2023, the government of Kuwait released its Master Plan 2040, focused on modernizing company law, economic openness, and encouraging non-oil development. We also actively support green financing, and sustainable infrastructure projects and embed ESG considerations into our financing solutions.
Anastasia McAlpine, head of product, Trade & Supply Chain Finance at Finastra, shares why innovation and collaboration are vital to trade finance. Global Finance: How does Finastra stay ahead of the curve in trade finance innovation? GF: What is Finastra’s unique value proposition in the trade finance landscape?
This is what it means to be a modern finance leader. Risk is Not the Enemy of Progress CFOs have always been associated with riskmanagement. What has changed is the nature of that risk. It is no longer just about balance sheet exposure or compliance gaps. We are not here to preserve the past.
Trintech CFO Omar Choucair discusses emerging roles in AI, emphasizing the critical balance between rapid innovation and riskmanagement. Key is targeted training and ensuring proper licensingusing enterprise platforms that provide compliance and access to multiple solutions. His insights offer a roadmap for finance.
In the evolving financial landscape of Asia, managing Days Sales Outstanding (DSO) has become a critical focus for finance leaders aiming to optimise cash flow and sustain business growth. Credit risk assessment and adaptive sales terms In managing DSO, assessing credit risk accurately is paramount.
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