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The Role of a CFO in Financial Risk Management

CFO Share

The Role of a CFO in Financial Risk Management Managing financial risks is crucial to ensuring long-term business success. However, small business entrepreneurs are particularly ill-suited for risk management: optimistic, energetic, and abstract. What is Financial Risk Management?

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Protecting Your Law Firm

CFO Simplified

As we’ve worked increasingly with law firms over the past few years, there are a number of commonalities that we’ve found with many of the firms that we’ve met and have worked with. But what’s missing is the “home care” that’s needed to make sure that their firm is running efficiently and profitably. Impressive – really.

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Five Focal Points for Future-Ready CFOs

CFO Leadership

While public companies are legally obligated (or are soon expected to be obligated) to meet a growing number of ESG-related regulatory requirements around the world, many of these compliance burdens – and reporting requirements, in particular – also extend to private companies and smaller organizations that conduct business with public companies.

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Five Focal Points for Future-Ready CFOs

CFO Leadership

While public companies are legally obligated (or are soon expected to be obligated) to meet a growing number of ESG-related regulatory requirements around the world, many of these compliance burdens – and reporting requirements, in particular – also extend to private companies and smaller organizations that conduct business with public companies.

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Bank Deposits, Fees Up As Companies, Consumers Hoard Cash

PYMNTS

With profits and margins at all-time lows, the U.S. Profits, the report found, were around $18 billion across both the first two quarters this year — a massive downward trend from the near $55 billion from 2019. The biggest banks put away around $33 billion in anticipation of loan losses , including J.P. percent a year prior.

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OnDeck Flips To Profitability Much To The Market’s Delight

PYMNTS

After a series of earning performances that left investors disappointed, OnDeck reported a profitable Q4. We believe OnDeck now has the right foundation from which to drive profitable growth and shareholder value.”. By the Numbers. Provision for loan losses was $34.4 percent of term loan originations.

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Deep Dive: Credit Unions Work To Keep Members’ Data Private

PYMNTS

Credit unions possess vast troves of personal information such as credit card data and Social Security numbers that could devastate members if leaked. The leaked data did not include passwords, codes or identification questions, but did expose names, addresses, birthdates, social insurance numbers and information about transaction habits.