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Global Finance: Can you briefly describe what your model does? Weve got what we think is a rather exciting model, which we describe in a working paper, that helps forecast in advance the likelihood that a firm will go on to commit accounting fraud. We can forecast restatements with quite a high level of accuracy.
The finance function must adapt to digital disruption, integrating automation and real-time data analysis to enhance decision-making processes. This dual role necessitates a transformation in finance operations, compelling CFOs to embrace innovative solutions while fostering a culture of agility and collaboration within their teams.
The Finance department has undergone significant scope changes as the chief financial officers take on new roles for their evolving position. 2024’s snapshot In the year that is about to end, being a finance leader in the consumer healthcare industry in Southeast Asia undeniably saw several challenges in the last couple of years.
Forecast Like a CFO, Not a Fortune Teller If your forecast still fits neatly on a spreadsheet tab and assumes the world will behave, its time for a rethink. Because lets face these days, planning the future on a single-track projection is like betting the farm on a weather forecast. Not every risk deserves a forecast branch.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.
Acabes empowered Omnify, Arab Bank’s embedded finance and open-banking platform, toward its official launch, leading to Omnify signing and/or going live with third-party providers. Adherence to Sharia principles fosters trust and expands the service’s reach within the Islamic finance sector.
The Future of Finance and Sustainability with Elizabeth Burns The evolving demands of sustainability and financial performance are reshaping the role of CFOs in the energy sector. Elizabeth’s approach offers practical lessons for finance leaders navigating this complex and dynamic landscape.
In todays fast-paced business environment, CFOs and finance teams must go beyond crunching numbersthey need to communicate effectively, offer strategic insights, and deliver impactful presentations. ChatGPT-4 is a game-changing tool that enhances the efficiency and creativity of finance professionals.
Survey Results Cash Forecasting & Visibility Strategic Treasurer’s Cash Forecasting & Visibility Survey, developed in partnership with TIS, sought to understand the current trends in forecasting methods and technology, visibility and reporting, and technology use. It can take a few minutes to receive the email.
Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence
In today's volatile financial environment, how confident are you in your company’s financial forecasting? In this exclusive webinar, you'll learn to track the right data, forecast your cash inflows and outflows, and use strategic cash management to build a business that not only survives, but thrives! Register today!
Forecasting shouldnt require a PhD in Excel or a week of IT support. Yet for most business leadersespecially in finance, sales, and operationsthats exactly how it feels. Forecasts get trapped in spreadsheets. Thats where no-code forecasting in Power BI changes the game. No-code forecasting solves this. The impact?
From Gut Feel to Real-Time, Why CFOs Must Build Finance Teams that Think in Dashboards There was a time when the finance function was purely backward-looking. And to get there, you need more than just a finance team, you need a strategic data team that speaks the language of business. Their forecasts have credibility.
With market volatility, digital disruption, and regulatory uncertainty appearing to be the norm rather than the exception in 2025, finance leaders will be hard-pressed to accelerate transformation initiatives and get them up and running quickly. Furthermore, the finance function must evolve to become more tech-savvy.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. We’ll break down how modern finance teams can meet these demands without breaking the bank.
Being good at finance and getting numbers right is not enough anymore Of course, strong analytical skills and knowledge of finance are essential for an FP&A professional but gone are those days when these skills or proficiency in Excel were enough to excel in this role, pardon the pun. Its about trust and respect.
As a CFO or Head of Finance at a SaaS company , you’ll need to pivot from the scrappy “move fast” mindset to a more polished, investor-ready approach. In Series A or B, investors often bet on potential and dreams; by Series C and D, they’re betting on performance and data. The stakes (and check sizes) are higher, and so are the expectations.
FP&A is an evolving function that falls into the intersection of finance, operations and strategy aimed at driving better decision-making trough insightful analysis, forecasting and goal setting. Macroeconomic forecasts Macroeconomic trends? FP&As role is to connect those insights to financial models and forecasts.
Optimize your finances and thrive in 2025 with a complete cash flow forecasting guide. Learn how to anticipate challenges, improve efficiency, and choose the right tools.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Key Takeaways: Data Storytelling for Finance 📢 Transforming complex financial reports into clear, actionable insights. Forecasting That Works 📈 How AI and predictive analytics can improve financial planning.
Finance Artificial Intelligence (A)I chatbots are reshaping how businesses handle customer interactions and streamline financial operations. What Are Finance AI Chatbots? At their core, finance AI chatbots are virtual assistants designed to automate financial tasks and provide customers with personalized, real-time support.
Before You Forecast the Future, Figure Out Who You Are! It helps you stay grounded when the CEO questions your forecast, when a compliance issue lands on your desk, or when your team misses the mark. Leading the Finance Team with Intent When you lead yourself well, you lead others better. High standards. It is essential.
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. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.
Long budgeting cycles, errors, and delays in accessing accurate datawith traditional budgeting and forecasting, Finance professionals are unable to keep up with modern demands. Real-time financial data is your key to turning the tide and unlocking faster, smarter forecasting and budgeting.
Go beyond traditional forecasting models, identifying key leverage points within your organization for liquidity, even in the most challenging environments.
During a high-pressure period at Visa following a restatement, Rene Ho shifted forecasting away from false precision. The result: deeper business insight and a forecasting culture grounded in strategic awareness, not guesswork.
Budgeting and forecasting are fundamental for modern Finance teams, yet achieving precision, efficiency, and forward-thinking strategies is often challenging when relying on manual processes. Issues like cumbersome spreadsheets, inconsistent data, and human error often hinder progress.
For chief financial officers overseeing operations across Asia-Pacific, the Middle East, Europe, and the Americas, building compliant, scalable finance functions in unfamiliar jurisdictions is a high-stakes challenge. When it comes to dealing with changes, being one step ahead is a must for organisations to ensure the best result possible.
How to Prepare Your Finance Team for Growth One of your most important roles is to nurture and develop your finance team. Preparing your finance team for growth is not just about giving them new tasks; its about equipping them with the skills, mindset, and tools to thrive in a changing world. But the rewards are well worth it.
Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker
Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-looking forecasts to predict cash levels.
People should understand and prepare for the consequences of a potential debt crisis, and CFOs face the need to deregulate the finance system as it will be the key to unlocking growth for businesses and generate more healthy competition in the market.
As a growing number of economists forecast a downturn, finance chiefs are wrestling with if or when to make the hard, emotionally-charged call to cut jobs.
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.
Digital transformation emerges as the top priority for finance professionals, focusing on enhancing financial planning and budgeting, optimising ERP systems, and improving data integration. The post Digital transformation as top priority for finance professionals, study finds appeared first on FutureCFO.
Predictive Finance, Ethical Leadership, and Public Sector Innovation: Lessons from SAQA CFO Innocent Gumbochuma In the latest episode of CFO Club Conversations , we had the privilege of speaking with Innocent Gumbochuma, Chief Financial Officer of the South African Qualifications Authority (SAQA) and the 2024 Public Sector CFO of the Year.
Baruch Lev is Philip Bardes professor emeritus of Accounting and Finance, Kaufman Management Center, Leonard N. They discuss their findings, and the lessons they drew for would be acquirers, with Global Finance. Global Finance: Why did you write this book now? Every quarter it either met or exceeded analysts revenue forecasts.
Finance Is Bleeding Talent, Because You Forgot to Say ‘Well Done’ Finance is not known for fireworks. In many finance environments, particularly during recovery or rapid change, the ultimate goals feel far away. A small win in finance is anything that signals improvement, consistency, or control.
As highlighted in Personiv’s “Tech-Savvy CFOs” , finance leaders now need to be technology enablers as much as number crunchers. Dive in to hear Rajesh unpack his leadership philosophy and practical insights in full.
Peer benchmarking is a vexing task for financial analysts but one that is critical for forecasting earnings. This straightforward measure can help find peers for relative performance, compensation, and valuation benchmarking.
Supply chain financing is a case in point. Resilient financing solutions with a global reach typically involve a complex financing structure, multiple local IT providers as well as accounting and, most importantly, procurement teams involved. Digitalisation can also play a key role in creating more predictability in financing.
Moody’s forecasts strong profitability over the next 12-18 months based on solid economic growth in GCC countries, robust commercial activity, and government initiatives that give Islamic finance a bigger role in diversifying the region’s economies. Part of this growth will come from financing new asset classes.
It was the kind of boardroom moment that separates finance professionals from finance leaders. Companies like Atlassian, Okta, and Workday became case studies in how finance underpins innovation. He jokes about never having recorded a journal entry beforebut quickly embraced the inner mechanics of finance operations.
For more information about Tanzania, click here to read Global Finance’s country report page. The momentum persists, with growth forecast at 5.4% Tanzania has a reputation for peace and stability compared to [other] countries in East Africa, says Tenda Msinjili, head of banking and finance at law firm Clyde & Co.s
For years, alternative financing models have been changing the way companies access cash. Now, fintech is offering innovations, from subscription and fee-based online lending marketplaces to blockchain, that are changing the alternative financing landscape itself. trillion in 2024 and forecast that it will reach $5.3
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