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Uncertainty Is All Around

Fpanda Club

Various types of uncertainty can be well illustrated by the so-called Rumsfeld matrix widely used in risk analysis and risk management. From the FP&A’s standpoint the level of awareness and the level of accuracy can be used as these dimensions and then incorporated into forecasting and analysis.

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The Blueprint of an AI-First Financial Institution

Global Finance

Banks are now prioritizing four key areas: liquidity management with a balanced portfolio view including commercial real estate (CRE), enterprise protection with anti-fraud and cybersecurity, operational resiliency and sustainability with climate risk and green products. Overall, balanced risk management is the ultimate goal for banks.

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ISCA: finance professionals can augment up to 100% critical work functions

Future CFO

For example, with financial analyses and forecasts more easily performed with AI augmentation, the Chief Financial Officer (CFO)’s role may no longer be concentrated on financial numbers alone.

Finance 52
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Financial Planning for Efficient Financial Management

Spreadym

Debt Management: If you have debt, like credit card debt or student loans, develop a plan to manage and pay down your liabilities efficiently. Risk Management: Assess your insurance needs, including health, life, disability, and property insurance, to protect against unexpected events that could impact your financial well-being.

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The Most Important Risks CFOs Must Navigate in the 2nd Half of 2022

The Finance Weekly

At the same time that elements of risk are constantly there, investors are demanding more disclosures and a deeper analysis. The never ending game of juggling risk management and increased transparency, all while continuing to lead the finance team and conduct day to day activities, has made the job of a CFO more demanding and complex.

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Driver-based planning: the best of basics

Spreadym

By identifying the key drivers, organizations can concentrate their efforts and resources on those areas that have the most significant impact on achieving their goals. Iterative planning and forecasting: Driver-based planning is an iterative process that involves regular review and adjustment of plans based on new data and insights.

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Triumphing over insolvency risks in 2024

Future CFO

The Allianz Trade Global Insolvency Index forecasts insolvencies to increase by +6% in 2023 and at least +10% in 2024. Forecasts for 2024 and 2025 “Generally speaking, we don’t see 2024 as a good year,” Lee says, noting that they expect insolvency trends for the year to go up.