Search Result for 'finance functions'

...work with CFOs and finance functions ? TK: Collaborating with CFOs and finance directors brings about a multitude of exciting ...

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of ...

...thrive into the future, and to help shape a better world, finance professionals will still need their traditional finance skills, ...

The automation of routine finance planning and analysis (FP&A) processes to create bandwidth for value-adding activities is unsustainable, a Gartner, ...

...processes. Finance in sustainability Cheah believes that the Finance function will play a big part in sustainability and ESG, which ...

...for the night, looking forward to the next fulfilling day. FutureCFO: What excites you the most when you work with ...

...in large part. For Ivan Phuah, Finance Transformation Partner, PwC South East Asia Consulting, finance transformation is increasingly important, not ...

...finance functions? JT: Many industries, including the financial services sector, are evolving rapidly, but growth does not happen without change.  ...

The future starts today, not tomorrow. The future is now. With the future of finance circling the management across functions, ...

...finance function. The evolution To be able to harness and maximise talent, it is important that finance leaders understand the ...

...Greater China, Stripe FutureCFO: What are the major challenges facing CFOs and the finance function in 2024 in terms of ...

...and to look at the talent’s potential. FutureCFO: What excites you the most when you work with CFOs and finance ...

...change fatigue in their functions, finance leaders tend to fixate on the number of changes an employee is experiencing which ...

...Gartner Finance practice. Mallory Barg Bulman “It’s better to have less technology with a workforce that accepts it than to ...

...business needs. FutureCFO: Why do finance functions do agile budgeting? PS: Understanding the key tenets of agile budgeting will allow ...

...meet their own needs. The overlap occurs when ESG functions as a tool within the broader context of sustainability. A ...

...surges in the coming years,” says Randeep Rathindran, distinguished vice president of research in the Gartner Finance practice.  Randeep Rathindran He ...

...most when you work with CFOs and finance functions? RR: I work with an incredibly talented and collaborative finance team ...

...insight. CFOs are expected to provide their company insightful guidance during economic uncertainty. Beyond finance’s typical function of checks, balances ...

...focus on sustainable finance results. Results for the business and results for the global impact of the UN Sustainable Development ...

...finance function. In your view, which functions within finance are most challenging to fill/retain? For those looking to build a ...

...to the business. You may consider setting up a cross-functional team to bring together domain experts from finance and tech. ...

Finance and accounting team members nowadays seek more effective communication and clearly defined roles and responsibilities to be able to ...

...on companies to find innovative ways to manage their financial functions efficiently. In a report by non-profit research organisation APQC ...

...balance risk with innovation and bold transformation for the finance function. According to Wong, CFOs recognise that they need to ...

Embedding ESG is indeed a cross-functional endeavor within the organisation, as every department – from procurement to marketing to finance ...

...supports experimentation and innovation. Traditionally, finance functions undertake highly technical work as part of carefully controlled processes--while this can be ...

...other functions are growing their skills at working with data – meaning finance is no longer the only source of ...

For finance chiefs, a more compelling vision is required for the future of finance and reporting. According to Ernst & ...

Agile planning makes room for development and progress from limited insight and hindsight to a good scenario planning among finance ...

The decision to outsource certain functions within the organisation has become a strategic choice for many companies seeking to optimise ...

...allows for this flexibility without the challenges of hiring, training, or laying off in-house staff. Ability to Prioritise Core Functions: ...

...corporate platforms—not just TEI integration but also finance, procurement, HR, and other enterprise resource planning (ERP) functions—will realise the greatest ...

...risk management and finance functions, the access to external specialist resources including capabilities for different sustainability-related matters and reporting regimes, ...

...chief finance officer (CFO), treasurer and chief risk officer (CRO) with Globe Group to peer into her observations and experiences ...

...ensure not just immediate success but sustained value creation. It is imperative that finance leaders must understand their way towards ...

When it comes to AI success in finance functions, there are three characteristics that the function needs to have and ...

...accounting. According to Nikhil Parambath, Regional Vice-President, Asia, BlackLine, the company’s 2024 predictions for finance and accounting are as follows. ...

...the table to help companies make better decisions. The interview is part of FutureCFO's Female Leadership in Finance Series. Kris Giswold, Senior ...

It is not always on the obvious side of the business world, but climate risks and sustainability are among the ...

...and finance leaders need to ensure the organisation has access to the resources required to develop and defend their competitive ...

...centrally manages RGE’s cash, forex, financial risks, banking relationships, funding, and trade finance functions. They are supported by other treasury ...

...it really means to do business in a way that minimises environmental harm, let alone how the transition may unlock ...

Spreadsheet use remains a staple of many business functions. And why not? It is relatively easy to use. The software ...

Most finance functions are behind other functions in AI implementation. According to a survey of 130 finance leaders and 91 ...

...investors, the CFO’s second crucial task is building proficient finance teams across various functions. These include controllership, Financial Planning and ...

Both tax and finance leaders are set to increase investment in digital transformation, said Thomson Reuters recently when releasing a ...

...to have been recognising the need to build digitised finance functions that can proactively support their organisations in achieving sustainable, ...

...climate change. The functions for financial planning and analysis are often in partnership with risk and asset liability management practices. ...

...made possible by the growing use of advanced technology in finance departments. In fact, 30% of survey respondents said they ...

...expectations from the outset that changes to plans were possible, as well as communicate the changes themselves as transparently and ...

In today's fast-paced world, it is imperative that businesses must get accustomed to the latest developments in their organisation's various ...

...right to keep their companies afloat. All functions of businesses needed to be checked and most had to be overhauled ...

There are three distinct generative AI conversations that CFOs, especially those from large enterprises, must conduct, said Gartner recently. According ...

...CoE (center of excellence) for select responsibilities such as data, analytics, and technology, for example. In this structure, operations functions ...

It is a given that good collaboration between different functions within an organisation is crucial for the company’s success. This ...

...Trends survey, a biannual effort which details sentiments from more than 300 senior global tax and finance executives.  To respond ...

...one as well as advice on how to upskill oneself to become a transformation leader. The interview is part of ...

Gartner says to build an AI-driven finance organisation for the future will require a combination of technical and business skills ...

...4,000 customers globally. Gearing up for next-gen finance One company that has recently transformed its shared services functions is DFS ...

...business environment and stay ahead of their competitors in the global market. Specific to the automation of finance and accounting ...

In the bustling world of finance, a quiet revolution is underway, powered by artificial intelligence (AI). This transformative technology has ...

...team, and building new internal partnerships across the bank, for example between Finance and IT.  Focusing on the finance function, ...

...likely do not have much direct experience with AI yet, given that 80% of finance functions using AI just started ...

...global CFOs and senior finance executives, finance leaders who drive bolder change in their finance teams can deliver better performance ...

...how the CFO and finance team approach the adoption of AI into the function? Where do they start? Will AI-driven ...

...and finance functions may be better positioned to provide more strategic value to their organisations.”    Survey highlights Businesses want ...

...elaborate on how CFOs and finance leaders can, together with their finance teams, chart their path to finance automation. Gartner ...

...now view real-time data across various functions, including compensation, time tracking, talent, and performance from anywhere and at any time through ...

...profession and talent crunch, as the adoption of AI will innovate the way accountants deliver services and influence how finance ...

...of risks, ACCA pointed out.  Survey highlights: Key risk priorities  Key risk priorities for risk and finance professionals across all ...

...are using the cloud to transform their own finance functions, introducing greater speed, agility, and automated intelligence to finance operations. ...

...automation will result in 50% of all new employees hired by top-performing corporate finance functions having backgrounds other than finance ...

...to joining Bupa, she was Toll Global Logistics Executive General Manager, Finance and Commercial. She has also had held senior ...

...here for related stories: Finance leaders recognised at FutureCFO Excellence Awards 2023 Cash in times of crises: Lessons from 2020-2022 ...

...sees the preparation of data and reports for finance functions like Financial Planning & Analysis (FP&A) and tax prep as ...

Autonomous technology in finance will impact FP&A and controllership in three ways, as acceptance of these technologies among finance leaders ...

...sense that finance shows what a transformation can do for the organisation by becoming the first to try it out. ...

...significantly reshaped due to finance technology through 2025. Autonomous finance is a target operating model that CFOs are seeking to ...

...allows individuals to acquire the skills and know-how needed to succeed in the rapidly evolving world of finance. For finance ...

CFOs plan budget changes and sales functions are likely to get more resources in 2023, said Gartner recently. According to ...

...finance leader and contribute your knowledge and expertise to the company and society.” Wong: “Finance leadership is a lifestyle commitment ...

...and information management, finance departments can be clear about their priorities and focus on implementing digitisation, Deloitte said. An integrated ...

The war for finance talent will continue while 11% of positions in finance and controlling are vacant, said management consultancy ...

...the finance function and the wider business is also leading most CFOs to reevaluate and reframe the role of finance ...

...and finance departments. In addition to ensuring the finance team operates efficiently, the CFO is also expected to ensure the ...

There are ten cloud strategy mistakes that CFOs must know as finance functions are digitally transforming themselves and moving more ...

...navigate that complex environment. For the finance team, how is VUCA impacting the team in the performance/fulfilment of their functions? ...

...algorithms are known to drive business performance while decreasing risk in the end-to-end compliance process and higher returns. Sanjay Patil ...

...for financial planning, budgeting, control, analysis, reporting and overall management of finance team of the group.   He was previously an executive director ...

...CFOs can retain digital talent, Steecker noted. Despite finance functions’ acknowledgement of talent being the top challenge, attrition of digital ...

...the finance workforce in the face of increased expectations from the finance function, said Timothy Ho, Deloitte Southeast Asia CFO ...

...good place to pick up future-ready skills. “Whether focusing on finance or encompassing a broader global services remit, time spent ...

...broadly optimistic about reaching a state of autonomous finance, few functions are making much meaningful progress towards it, the firm ...

...finance, accounting and treasury functions, with extensive experience within the real estate industry, according to the company. Prior to Daiwa ...

Traditional FP&A processes provide a structured approach to budgeting, planning, forecasting, and reporting so that the finance team can deliver ...

...of 400 finance leaders in December 2021 revealed the extent to which finance functions are turning to technologies that have the potential ...

...sustainability frameworks, both regionally and internationally, according to the study.  Accountancy and finance professionals in corporate finance roles also have to acquire ...

Editor’s note: Alia Saleh (pictured), Finance Director (SEA and ME) at ISG, dreamt about becoming a performing artist and eventually ...

Budget cuts for real estate/facilities management and finance functions are the most likely in the next 12 months, said Gartner ...

...various functions in the organisation, from finance reporting to talent optimisation, Workday added.  In addition, the edtech firm will also ...

...He will be responsible for the group’s finance functions including financial and management reporting, accounting, taxation, internal controls, and regulatory ...

...senior executives within the two functions are “very satisfied” with the alignment of objectives and key performance indicators (KPIs) across ...

...article is part of FutureCFO's Female Leadership in Finance Series. FutureCFO: When did you start to become interested in finance? ...

...AI, effectively across the function, he said. Barriers to scaling finance AI projects According to Champaneri, the followings are three ...

...finance as a finance function partly governed, and majority operated, by self-learning software agents that optimize front-, middle- and back-office ...

...reporting, the Australian-based non-profit Starlight Children’s Foundation needed to both support its Office of Finance and enable those outside the ...

...with findings from Gartner’s Finance Technology Innovations Survey, which polled finance leaders on their investment plans for specific finance technologies over ...

The finance operating model is shifting and the pressure on banks’ finance teams to do more with less has never ...

...back and front office. For CFOs keen to automate some of the processes in their finance department, the opportunities are ...

...on the followings to help close the acceleration gap. What leaders are doing Finance leaders: Unified, fast data. More than ...

...bring world-class, quality education to all. With Workday, we look forward to revitalising our operating systems across various functions, from ...

...in the market, nearly all concede the use of spreadsheets as part of work. Forty-three years on, spreadsheets are still ...

...to secure and accelerate cash flow generation and establish a 360° vision on the whole Order-to-Cash cycle. This paradigm shift ...

...of finance professionals, spread across three global shared services offices, supports this vast organisation. Adopting various technologies to automate many ...

...major employers across the world, and is designed to develop the technical skills, industry knowledge, business acumen and analytical capabilities ...

...this case study. Using spreadsheets in finance? Did you know that on average a finance clerk spends 450 man-hours a ...

...finance workflow including tools and processes used to perform finance functions. For instance, it posits that using tools such as ...

...Chan. Be prepared for change The deployment of AI and big data changes the workplace dynamics within the finance department ...

...legacy treasury systems to do their due diligence. “They must do their assessment based on their treasury functions and on ...

...East, revealed that 42% of finance teams still heavily reliant on spreadsheets reported a high ratio of late payments overall ...

How can Asia Pacific finance professionals upskill and future-proof their career? ACCA launched the free new Career Navigator tool late ...

...heart of the prediction: The finance factory: Transactions will be touchless as automation and blockchain reach deeper into finance operations. ...

...digital and finance intersect. Walter C. Ricarte Walter C. Ricarte, vice president of Finance and Business Advisory at Globe Telecom ...

...an understatement. In the ACCA-PwC report, Finance Functions: Seizing the Opportunity, it described the period as testing the effectiveness of ...

...study found that nearly half of CFOs (48%) plan to invest in consumer-like interfaces for finance tasks to attract future ...

...latest EY Tax and Finance Operations survey. The survey canvassed 1,650 tax and finance leaders in more than 40 countries ...

...potential solution to help CFOs with value creation.  Finance professionals don’t need to turn to spreadsheets to forecast our revenue. ...

...Increasingly more Finance & Accounting (F&A) functions will adopt a hybrid work model in which CFOs provide the tools to ...

...but what’s needed now is action to ensure that businesses are future-proofed,” said Tim Gordon, EY Global Financial Accounting Advisory ...

...imperative for CFOs and their finance function to pivot from operational finance to financial insights, and turn their attention to ...

Why fix what ain’t broken? For many finance functions in Asia, workflows are very manual driven. Manual data entry and ...

...setup for silo units or functions, it is extremely challenging to get the right insight out of this data from ...

...threats Asked to what extent CFOs need to get involved in the lifecycle of cyber threats including ransomware, McLeary commented ...

...Source: McKinsey & Company Across the entire finance function, the survey results suggest that digital adoption is on the rise.  ...

...management, finance, human resources and payment processing. Detect more functions that could benefit from third-party outsourcing. The majority of respondents ...

...“It (RPA) is a horizontal technology. “It applies to finance. It applies to the call centre. It applies to back-office ...

...workflows related to customers, operations, and finance, said Kofax.  85% - Accounts payable automation 84% - Transaction processing 83% - ...

...the finance office? Sim Being Hai: The finance office is one of the most important functions in organisations. CFOs need ...

When it comes to analytics talent, CFOs often limit the scope of their advanced analytics centre of excellence (ACOE) by ...

...finance function occurs. Eighty-three percent of progressive CIOs stated that “we will miss our growth targets unless the IT and ...

...finance function also needs to address new challenges rising out of the pandemic.  A recent report 'Finance functions: seizing the ...

...are his responses to specific questions around the evolving finance function, hiring trends, and the most sought-after qualifications. Can you ...

...the same level of seniority. Corporate strategy Of the respondents whose companies have adopted intelligent automation, 49% implemented it in ...

...perform end-to-end payables processing efficiently,” he added. It certainly did not help that those different functions, including finance, operations, sales ...

...from these strategies. Data-driven finance According to Yeoh, a data-driven strategy in the finance function allows it to make informed ...

...finance functions, and they are quickly realising that digitising accounts payable (AP) processes is the first step in building a ...

...accounting leaders in recent years, anticipating change, and responding to it, or – being agile, has never been more important ...

...added. Advice to finance: Build on the progress made during the pandemic The ACCA also advised finance functions to retain ...

...lasting sustainable finance with Esker …But not that scary if applied judiciously The two versions of automation currently most in ...

As organisations look for more agility and better visibility across all functions and revenue streams the traditional approach of using ...

The C-suite can no longer afford for their tax functions to be consumed by routine compliance and reporting activities, said ...

...also be leveraged within finance to accelerate the function’s digital ambition.  For example, hyper-automation is going to become increasingly commonplace ...

...finance leaders, causing fundamental shifts in AP functions and a need for innovation. So, what does the New Accounts Payable ...

...significant shifts to this role. Due to transformations in entire industries caused by the Big Data Revolution, present-day BI covers ...

...on performance and business operations from outside the finance function, and that business decision makers were increasingly willing to use ...

Finance functions in Singapore will dramatically change in the next normal, said Workday when releasing a survey report recently. More ...

A Gartner survey of 127 finance and corporate real estate (CRE) leaders in February 2021 showed that 59% of respondents ...

...the CFOs indicate support for strategy development and increasing commercial analyses as the key roles that finance leaders should focus ...

...to the extreme budgetary discipline and constraints they have been operating under for the past 12 months, said Dennis Gannon, ...

As vaccines become available, organisations expect an economic rebound while continuing their digital transformation journeys such as those in the ...

...you see the finance team moving with its finance modernisation (transformation)? There are many solutions in the market to help ...

...the finance data produced by AI cannot be trusted in the same way as data from traditional finance systems. “The ...

...the pace of finance investment in digital transformation, Dan Garvey, vice president in the Gartner Finance practice pointed out.  While ...

...during the COVID-19 pandemic, said EY recently when releasing results of a survey of 1,265 tax and finance leaders across ...

...from the pandemic • Why it’s critical to evolve your finance function today — and how to do it • ...

...160 finance leaders jointly done with EY. While it’s through people that digital initiatives can be driven and gaps between ...

...Stretch Group Ltd. In the CFO role, he is primarily responsible for the group’s finance and treasury functions. He’s also ...

...Ho, finance director at TVS Asianics, noted that his business does a “fair bit of transactions in foreign currencies.” The ...

...company.  CFOs are also handling much more than finance. On average, five functions—other than finance—now report directly to the CFO ...

...evolve. However, we also found that significant challenges threaten to undermine this critical relationship. In our research “Finance Disrupted”, 68% ...

...to look beyond solving major issues today or in the near term and imagine what finance could look like five ...

...countries.  However, the current recession hasn’t led to the halt of certain activities such as M&A that rebounded in Q3 ...

...the capabilities to help accounting functions transform.  Case study: Developing a financial predictive model for a local SME An SME ...

Mohamed ElRouby and Anders Liu-Lindberg carry you away into Financeland, where they make a case for storytelling in Finance, and ...

...come from within finance Bant suggested accelerating the use of RPA to free up team member time on repeatable and ...

...continue operating remotely is paramount during this pandemic and beyond.  By providing key banking services digitally via advanced FinTech platforms, offshore ...

...Heniro: Before the COVID-19 outbreak, many finance functions across a range of organisations and sectors were already transforming or evaluating ...

...take time to discover the entire process. Sin Hong Ong, vice president-Finance at NatSteel Holdings sees RPA as an essential ...

...about it from an individual or organisation’s perspective.  Considering my finance background, I will discuss the importance of building resilience ...

Building a financial model with Excel is a complex task. With so many considerations to make, you will likely make ...

A good financial analyst follows certain procedures and discipline This article will explain major errors made with financial modelling and ...

...the survey. Click and download the infographic to get the real state of automation deployment among businesses in Hong Kong, ...

...However, to achieve this, finance needs to recognize that their responsibilities are changing. In addition to traditional functions such as ...

...of a large finance team, how can the companies benefit from a more automated way of expense management? Andy Watson: ...

...most significant accomplishment throughout your career as a finance leader? Jeffrey Lee: There have been many highlight moments throughout my ...

...So, while the rise of automation and low-cost outsourcing is threatening accounting professionals and their livelihoods—as Srinivasan Venkita Padmanabhan, president ...

Discussions around automating finance with new tech often lead to the same question: will I lose my job? xSuite Group's ...

Many businesses in Asia still operate in silo. Just look at how many finance departments operate – especially for large ...

...of a Gartner survey of 103 CFOs and senior finance leaders taken at the end of May, CFOs will scale ...

Is your organisation looking to tap the scalability, flexibility and borderless connectivity that cloud has to offer? One of the ...

...JK Finance Capital in the Philippines, said “scenario planning for business recovery”. The response reflects new expectations on finance that ...

...tax and finance function over the next two years. Clearly, tax and finance functions are facing multiple pressure points and ...

...working on their plans to resume normal operations step-by-step as well. Some of the RPA implementation projects might resume while ...

Epsilon said today it has appointed Craig Forrester (pictured) as its Chief Financial Officer, with immediate effect. Forrester will lead ...

...audit solution could enable finance functions to get ready for their next audit in as little as a few days ...

...ASEAN & ANZ shared with FutureCFO how accounting and finance professionals can navigate the changes and challenges, and how their ...

A Gartner survey of 317 CFOs and finance leaders on March 30, 2020, revealed that due to COVID-19 62% of ...

The growth of data volume helps a company gain more insights but it could also stretch the finance function's resources ...

...effective: Managing the impact of digital disruption. Balancing innovation with operational effectiveness. Achieving standardisation across traditional finance functions. Promoting an ...

Editor’s Note: For our Female Leadership in Finance Series, FutureCFO editor Teresa Leung recently had a chat with Vyin Ng (pictured below), ...

...Sentiment and Resilience Barometer Report. The report contains key primary research findings from a survey conducted of business leaders and ...

...relations with adjacent functions such as IT, audit, risk and legal, there is a disconnect with other parts of the ...

...lawyers as well as their fees, as smart contracts, perform the intermediary functions automatically,” said Clougherty Jones. How to deploy ...

The Robert Half report, Finance 2020 Closer than you think, paints a conundrum for those pursuing a career in finance. ...

...the non-practising sector, these functions include corporate finance, investment and financial management, internal control and risk management, as well as ...

Organizational transformation through the adoption of new technologies has been critical in revolutionizing business functions including finance departments.  From SMEs ...

...that facilitate decision making,” the report states. While organizations are implementing the technology, finance functions need to know what AI ...

While companies and their finance functions need to have clean data to achieve success in digital transformation, they must also ...

...such as Automation Anywhere adds AI (cognitive capabilities) to its offering. How would this make things easier for finance functions ...

Finance departments can save their teams from 25,000 hours of avoidable rework caused by human errors by deploying RPA in ...

...different organizational functions, such as strategy or finance, provides a more accurate forecast about the economy and potential issues,” said ...

...and suppliers, and ensure that their companies are financially stable.  To achieve all these and more, many are turning to ...

...internal control, investor communications and corporate finance.  Prior to this appointment, he was vice president and financial controller of Shanghai ...

Finance functions across many organisations are at a key point in their development. They need to evolve to create the ...

...seat and the driver’s seat for redefining the role they play in a company.    Today’s CFOs are handling much ...

In the digital era, finance is taking on new importance. No longer is finance concerned primarily with analyzing and reporting ...

...and skills while assignments can include those within finance and in other functions. Corporate strategy, industry experience, and IR were ...

...tech adoption compared with last year In just one year, CFOs have seen dramatic changes in technology adoption at their ...

...holds an MBA in Finance from New York University's Stern School of Business. At Unisys, Singh led all finance functions ...