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Finance and GenAI: managing risks and adding value

Future CFO

Gerry Chng , Risk Advisory Executive Director at Deloitte Singapore , sees that one of the key uses of Generative AI is the ability to create synthetic data to augment existing data points in a more cost-effective manner, which in turn makes it easier to conduct financial modelling and risk analysis.

Finance 52
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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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What is Financial Planning and Analysis (FP&A)?

Spreadym

FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making. The primary objectives of FP&A.

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Supplier Risks And Confronting Supply Chain Unknowns

PYMNTS

. “You never know what you don’t know,” as Paul Blake, senior manager of technology product marketing at procurement software firm GEP , put it. Sure, a corporation with complex international supply chains can never exactly forecast the socioeconomic or environmental factors that could impact business.

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A New Reality For Supplier Risk Management

PYMNTS

Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. “Before, companies would think they needed to assess risk once a year,” Frank said.

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CFOs, Treasurers Are The One-Two Punch Against FX Risk

PYMNTS

More than half of treasury departments surveyed by the firm, however, say that a lack of visibility into their corporations’ exposure to this risk, as well as unreliable FX forecasts, are their top challenges. At the same time, a continued dependence on manual analytics can similarly mean a weak grip on FX risk mitigation.

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Reframing financial uncertainty with data and AI

Future CFO

You need constant monitoring of your economic outlook because then you can adjust your risk management strategy that will help you mitigate third-party risks." Everyone else in the company is trying to meet their KPIs, grab whatever they can find on the table, and pretty much have zero already got a risk, right? "I