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financialreporting leaders indicated in a KPMG study that ethical concerns, such as bias or misinformation, are a barrier to AI adoption — down from 48% in 2023. financialreporting leaders reported that risks from using algorithms without human oversight are a barrier — down from over half (51%) in 2023.
Did you know that 35% of organizations identify data quality and timeliness as significant barriers to effective financial planning and analysis (FP&A)? This issue hampers forecasting accuracy, riskmanagement, and resource allocation. Improve steps by doing this: Monitor real-time financial performance to stay on track.
Repetitive tasks, such as financialreporting, are increasingly being automated, freeing up finance professionals to focus on strategic initiatives. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.
AI in financial planning uses important technologies like: Machine Learning (ML) - AI learns from data and makes better predictions over time. Natural Language Processing (NLP) - AI understands and processes human language, making it easier to analyze financialreports and documents.
Developing a solid technical foundation will make these skills second nature, freeing up mental capacity to focus on higher-level challenges as you progress. As you gain experience, start paying attention to strategic thinking and riskmanagement, which are critical at the executive level.
New research from global data and cloud solutions company Hitachi Vantara found that while Asia is outpacing the world in AI adoption, poor data quality and security risks threaten to stall progress. Cloud-based financial systems have improved collaboration, making data more accessible while ensuring compliance with evolving regulations."
The CFO must lead a comprehensive clean-up of financialreporting processes. This includes restating prior-period financials where necessary, strengthening internal controls, and ensuring that audit findings are addressed in full. Any suggestion of ongoing opacity or evasiveness will only delay recovery.
billion in revenue last year from investing US Dollar Coin, or USDC, reserves. Managingrisk Digital asset adoption doesnt mean abandoning riskmanagement principles. You can unsubscribe at anytime. Views are the author’s own. I recently watched a Fortune 500 CFOs face change when I showed her Circles numbers: $1.7
You can unsubscribe at anytime. Most Popular Intel alum to get $1.9M ET Unlocking Business Value Through CBAM Compliance Presented by studioID and SAP 26 JUN Webinar | 2 p.m. Registered in England and Wales. TechTarget, Inc.s registered office is 275 Grove St. Newton, MA 02466.
Warren called out President Donald Trump personally for his myriad dealings in the crypto industry, including issuing his own memecoin, having a portfolio of crypto investments, and (for his sons) owning a bitcoin mining company. You can unsubscribe at anytime. But it’s not illegal either. Registered in England and Wales. TechTarget, Inc.s
Downgrades to consumer spending, residential investment, government consumption expenditures and a larger trade deficit (net exports) drove the downward revision of the median forecasts,” NABE said. You can unsubscribe at anytime. Economists downgraded their median forecast for economic growth to 1.3% this year from 1.9% TechTarget, Inc.s
You can unsubscribe at anytime. Company Announcements View all | Post a press release Cherry Bekaert Launches Finance Modernization Solution, Offering Outcome-Driven Scalability fo… From Cherry Bekaert May 28, 2025 AI Delivers $1.36 Registered in England and Wales. TechTarget, Inc.s registered office is 275 Grove St. Newton, MA 02466.
Return for Every $1 Invested, Study Reveals From Basware June 12, 2025 First National Capital Corporation Releases Groundbreaking Research on ERP Financing Trends & … From First National Capital Corporation June 13, 2025 Editors picks Frederick M. You can unsubscribe at anytime. Registered in England and Wales. TechTarget, Inc.s
One more month where inflation just didn’t show up,” Global X Head of Investment Strategy Scott Helfstein said, while cautioning that “tariffs remain a risk.” “The You can unsubscribe at anytime. tariffs since the 1930s, economists said. The Fed should feel comfortable with these numbers,” he said Wednesday in an email.
His expertise in scaling SaaS-driven business models, investing in cloud and AI capabilities, and guiding global innovation will help us accelerate the development of modern, intelligent payment infrastructure.” You can unsubscribe at anytime. economy wavers.
Respondents lowered projections for revenue, earnings and capital investments. The economy topped the list of external risks that are worrying CFOs, with 53% of respondents citing that category, followed by cybersecurity (51%) and interest rates (43%). You can unsubscribe at anytime. Deloitte polled 200 CFOs in the U.S.,
The “AI TCO [Total Cost of Ownership] and Usage” tool enables enterprises to continuously monitor AI initiatives across their full lifecycle, providing visibility into not only costs and usage, but also return on investment considerations, the company said. You can unsubscribe at anytime. Sign up A valid email address is required.
Return for Every $1 Invested, Study Reveals From Basware June 12, 2025 First National Capital Corporation Releases Groundbreaking Research on ERP Financing Trends & … From First National Capital Corporation June 13, 2025 Editors picks Frederick M. You can unsubscribe at anytime. Registered in England and Wales. TechTarget, Inc.s
Instead, a voluntary standard—based on European FinancialReporting Advisory Group's ( EFRAG) December 2024 guidance for non-listed SMEs—will be made available for companies outside the CSRD’s scope. This work—especially around data, processes, and governance—remains valuable for other reporting frameworks and internal strategy.
The survey findings show a clear link between AI maturity and return on investment, according to the report. You can unsubscribe at anytime. Transformation : AI drives significant business transformation at the organization, creating new opportunities. Please select at least one newsletter. By Jim Tyson • June 17, 2025 Frederick M.
Sign up A valid email address is required. Please select at least one newsletter. Company Announcements View all | Post a press release AI Delivers $1.36 Registered in England and Wales. TechTarget, Inc.s registered office is 275 Grove St. Newton, MA 02466.
Deep Dive Opinion Library Events Press Releases Topics Subscribe Search Subscribe Search Strategy & Operations FinancialReporting Compliance Technology Treasury RiskManagement Leadership An article from Dive Brief Netflix taps Airbnb CFO Mertz for board The Airbnb executive previously served in various finance roles at Netflix.
Meanwhile, leader concerns about data privacy, regulatory issues and data quality are at their highest in three quarters, the report said. With the Trump administration embracing digital assets, finance leaders need to get educated on the potential risk and reward of cryptocurrencies and stablecoins. You can unsubscribe at anytime.
Concern about tariffs has discouraged business investment, Williams said. All told, concerns about tariffs have been widespread, resulting in a reported pullback on capital spending.” You can unsubscribe at anytime. GDP probably expanded at an annual rate of 2.4% Unemployment will likely increase to 4.5% by December from 4.1%
Deep Dive Opinion Library Events Press Releases Topics Subscribe Search Subscribe Search Strategy & Operations FinancialReporting Compliance Technology Treasury RiskManagement Leadership An article from Dive Brief Yum Brands CFO to receive $1.1M You can unsubscribe at anytime. Registered in England and Wales.
The rise in trade barriers, heightened uncertainty and the spike in financial market volatility are set to weigh on private consumption, international trade and investment,” the World Bank said. “As Investment spending is projected to be particularly hard-hit following the earlier frontloading of imported investment goods.”
The robot was developed by Corvallis, Oregon-based Agility Robotics, one of the companies Amazon invested in through its $1 billion Industrial Innovation Fund as part of a decades-long push to invest in “next-generation technology” for its operations. You can unsubscribe at anytime. Registered in England and Wales. TechTarget, Inc.s
As a condition of receiving a portion of a new $500 million federal investment to deploy AI, states that voluntarily seek these funds must agree to temporarily pause AI regulations and use the funding in a cost-efficient manner. You can unsubscribe at anytime. a chief proponent of the language. Please select at least one newsletter.
Deep Dive Opinion Library Events Press Releases Topics Subscribe Search Subscribe Search Strategy & Operations FinancialReporting Compliance Technology Treasury RiskManagement Leadership An article from Dive Brief Senate rejects proposed moratorium on state AI laws The vote came after Sen. TechTarget, Inc.s
For example, AI automates riskmanagement and cash forecasting processes using machine learning to generate more accurate and timely predictions,” he elaborates. This overview is useful in helping inform managers what corrective actions they can take to manage the risk,” he elaborates.
For another, their biggest risk is ensuring safety on the job sites, but they also face fluctuating demand in the construction industry and the risk this puts on their P&L. Another panelist highlighted their investment in inventory, as well as managing growth in the business. The takeaway? Learn More.
After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. Hedge fund managers do just that. Investment Banker.
Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financialriskmanagement, expense tracking, and payroll management.
In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financialreporting compliance and accuracy while preventing and detecting fraud.
He adds that the accelerating implementation is fuelled not only by stakeholder expectations to make a positive impact on the environment but also through financing mechanisms to drive change such as sustainable investing and financing. This will improve consistency and comparability amongst organisations.
The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financialreporting of businesses. Technology has long been a game-changer for accounting. However, it is not without its challenges, hype and shiny new things to do."
She cites the example of investing in renewable energy as a sustainability initiative that integrates ESG principles by reducing carbon emissions while also creating social benefits like job opportunities and improved public health. ESG reporting will continue to change and be refined, given the challenges of sustainability goals.
In response, 82% of CFOs report that investments in digital are accelerating faster than in other areas, including talent, supply chain, business services or fixed assets. Victor Ng: It’s vital for Singapore to embrace global movements to remain competitive as a global financial hub.
These days, at least in Asia, sustainability responsibilities appear to be more closely associated with a Chief Financial Officer (CFO). Lim opined that with the level of scrutiny over ‘non-financial’ and ‘financial’ reporting on the rise, corporates need buy-in and support from the Board to push the sustainability agenda.
While some team members may be proficient in traditional accounting practices, others may excel in data analytics, riskmanagement, or even tech-driven financial innovations. As CFO, you need to articulate a clear financial vision that transcends individual tasks and roles.
Adhering to ethical standards and regulatory norms builds trust with stakeholders and mitigates risks. In this dynamic environment, maintaining transparency and integrity through financial compliance is paramount. Engaging in CFO compliance consulting can provide invaluable insights into effectively managing these risks.
Understanding the Regulatory Framework South Africa’s regulatory environment is governed by a myriad of laws and standards that mandate specific reporting obligations. These include the Companies Act, the Tax Administration Act, the Financial Sector Regulation Act, and the International FinancialReporting Standards (IFRS), among others.
This is the view of Georgeta Elena Precup (Moran), CPA,CGMA , Operating Partner - Acting CFO, Advisory at Beyond Podiatry , emphasising how CFOs occupy a unique vantage point, overseeing not only financial health but also strategic planning , riskmanagement, and corporate governance.
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