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Financial Risk Management: Small Business Advice from a CFO

CFO Share

Business owners focus mainly on reward (profit), which is easy to measure, while tragically few entrepreneurs look back on a month with low profits and say, “well, at least we managed our risks properly.” Despite the general preference to focus on profits, financial risk management is crucial to long-term success.

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Third-party risk management: Organisations redefining approach

Future CFO

When it comes to third-party risk management, organisations are redefining their approaches, with a focus on talent and strengthening the role of executive leadership on third-party risk management teams, said Deloitte recently when releasing results of a survey.

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How AI Improves Enterprise Risk Management (ERM)

The Finance Weekly

It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. AI also does tasks automatically and saves time for risk managers. Why is Enterprise Risk Management Important?

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What Is the CFO’s Role in Risk Management?

Beacon CFO Plus

Risk can mean something different for every company—as Warren Buffett famously said, “Risk comes from not knowing what you’re doing.” Knowing what you’re doing begins with having a strategic plan in place for your business that incorporates risk management. appeared first on BeaconCFO Plus.

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Much-Needed Principles of Risk Management for a Changing World

Planful

Traditionally, finance teams have always worked on-premises, either due to security risks or limited access to data. The post Much-Needed Principles of Risk Management for a Changing World appeared first on Planful. But that was in a world before COVID-19. ” As your finance teams look […].

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The advantages of proactively managing security risks

Future CFO

Proactively managing security risks has its own advantages, especially considering the fast pace of digital transformation around the world. Organisations keep up with the changes and finance leaders lean on measures to mitigate any potential risk.

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Fusion Pulls Suppliers Into Its Corporate Risk Management Software

PYMNTS

Fusion Risk Management is expanding its corporate risk management software offering by integrating new functionality into the tool, the company said in a press release on Monday (Sept. He added, “Fragmented programs that rely on legacy tools bear hidden costs and risks.”.