Search Result for 'IFRS/feed/The Accounting & Tax report explores the findings of the Global Business Complexity Index (GBCI) 2020, delving deeper into the nuances of accounting and tax laws and practices.'

Malaysia, Singapore, Indonesia, and the Philippines emerged as clear leaders for green central banking, according to a new report from ...

...my growth. I did spend almost five years in the role and learned a lot from it. After (that), I ...

...embedded across the Studio360 platform and record-to-report and invoice-to-cash solutions, making way for complex processes, uncovering deep analytical insights, and ...

...trusted and forward-looking global business hub. Leading the business sustainability agenda by devising targeted legislation and enforcement mechanisms to address ...

...include: Framework reporting advisory: Streamlining the collection and analysis of ESG data for global and regional reporting, fully aligned with Corporate Sustainability ...

...institutions in more than 200 countries and territories to connect to 1.7 billion user accounts on the 36 global digital ...

Fintech funding in the Asia-Pacific region fell in the first half of 2025, according to a recent report by KPMG. ...

APAC organisations are expecting agentic AI to significantly disrupt their business models within the coming months. This is especially true ...

...discourse. It should be noted then that credit scores play a vital role in enabling wider participation in the financial ...

...set out to accomplish – People to call or meet, reports to complete, or internal discussions to move the business ...

...position Southeast Asia’s accounting talents, Further, the programme seeks to promote the Singapore Chartered Accountant Qualification (SCAQ), a globally recognised ...

...AI for contract risk analysis and Japanese hardware companies automating financial planning, resulting in efficiency gains and error reduction. KPMG's ...

...take on a sales leadership role to grow our enterprise solutions business with global MNCs headquartered in Asia. Sunil Golecha ...

...to understand model limitations and translate insights, creating a skills gap and emphasising the finance business partner role, which demands ...

...CFOs reported having a conservative AI strategy in 2020, but that number jumped to a mere 3% in 2025, highlighting ...

The integration issues concerning regional payment connectivity in the ASEAN region are resolved using a combination of technological solutions and ...

...forward-thinking workplaces. FutureCFO: What’s your advice to female finance & accounting professionals of today? CP: My advice is threefold. Firstly, ...

APAC is continuing its advancement of sustainable finance and climate action, although cautiously, according to a recent analysis by Flint ...

Digital transformation and innovation emerged as top M&A deal drivers in Southeast Asia, according to a report by Norton Rose ...

...with the different parts of an organisation and explores some key areas for businesses and offers a set of prompts ...

...quality and purpose. About 30% of my time goes into business development and strategic planning. I might be reviewing a ...

...outpacing global GDP growth by nearly two percentage points. Cross-border revenue streams are surging, with many businesses reporting year-on-year growth ...

...IPO price discovery process and updated to better align Hong Kong with practices in other international markets. Linklaters says HKEX ...

...part in expanding career opportunities for accounting, finance, and business professionals in Malaysia, as well as in allowing employers have ...

...or sudden disturbances.” Fortune Ernest Jose This proactive stance aligns with PwC’s 2025 Finance Trends Report, which found that CFOs ...

Deloitte launched a series of new artificial intelligence capabilities under its global cloud-based Audit & Assurance platform, Omnia. Among the ...

...professionals, how she made her way up through traditional roles before leading global business transformations in the mining and resources ...

...vital Environmental, Social, and Governance (ESG) reporting is no longer optional. In jurisdictions like Hong Kong, Japan, and Singapore, regulators ...

...without having to lose transparency and oversight. The spend management platform says CFOs and finance teams are tasked to find ...

...country. Foreign providers earning over PHP 3 million in revenue in the Philippines are required to register with tax authorities, ...

...and report their financials by enabling real-time insights and predictive capabilities.” As finance teams face increasing pressure from digitisation, regulatory ...

...Objective Reporting of Financial Distress: Under the bill, a licensee was required report to the HKMA if “s soon as ...

...Digital Transformations, I try and focus these client discussions on the business drivers of a TMS – in other words ...

...findings of the third edition of EY's Transparency in focus: State of Climate Reporting in Singapore, among the 359 companies ...

Confidence among accountants in the Asia Pacific region regarding global economic conditions remain fragile, according to the Association of Chartered ...

...process transformation and improvements, navigate through latest regulatory or tax developments, review key reports and contracts, and more. This is ...

Investment activity is picking up as inflation moderates, according to a recent study by accounting, audit, and advisory network Moore ...

...emails and catch up on business news headlines. My work usually starts around 9:30 a.m. and is largely driven by ...

Amid the buzz that is AI, the technological advancement has played a vital role in decision-making when it comes to ...

...another three years. Under the agreement, which has made way for new employment opportunities for accounting, finance, and business professionals ...

Singapore-based fintech company Finmo has unveiled MO AI, a conversational co-pilot designed to streamline treasury operations for global finance teams. ...

...On top of practically being a job requirement, I enjoy having visibility of various parts of the business and being ...

...and support seamless international operations. "Payment infrastructure is no longer simply about processing transactions; it’s about enabling businesses to operate ...

...their organisations' needs. In a recent report by S&P Global, it was revealed that private capital and digitalisation play a ...

...vice president & head of finance, accounting & procurement, says standard operating process (SOP) activities such as transactional, clerical, and ...

...ecosystem into China through a permanent, on-the-ground presence. The PS Centre enables end-to-end support for businesses entering new markets covering ...

Agentic AI, while a relatively new paradigm, is recognised to have the potential to significantly improve operating efficiencies and enhance ...

...of treasury and finance. Security and compliance: Comprehensive encryption, zero-trust architecture, data residency controls, and rigorous global regulatory compliance including ...

...at Olam Global Agri commented that within the agri-commodity sector, the current business environment can best be described as an ...

...to see how the change will deliver measurable value. Justin Bullock, consulting director, cbs Corporate Business Solutions In many organisations, ...

...automation (RPA), artificial intelligence (AI), advanced analytics, big data, and blockchain. These tools are not only streamlining traditional roles (such ...

...& CFO at Olam Global Agri in the agri-commodity sector, articulates this concern: "The challenge with AI lies in the ...

...Finding the balance between financial reporting and compliance across multiple jurisdictions, while trying to comply to global standards such US ...

...reduce the success of fraudulent calls. The report calls on stakeholders, including operators, regulators, and vendors, to implement a collaborative ...

...up new employment opportunities for accounting, finance, and business professionals and has given employers in Thailand access to a wider ...

...better together." Jo-ann Chung, CEO, Summit US tariffs and the global landscape It should be considered that changes in the ...

...National AI Strategy 2.0 (NAIS 2.0), as well as a strong ecosystem of public-private collaboration. The report, which polled over ...

...report, which is in collaboration with Mergermarket, the findings reflect the efforts to acquire new technologies and modernise businesses. In ...

...from May 2022 to May 2025, the FTSE4Good Asean 5 index of ESG leaders listed in Indonesia, Malaysia, the Philippines, ...

...annual Global Business Complexity Index (GBCI), investment strategies, spearheaded by entities like the Government of Singapore Investment Corporation and Temasek, ...

M&A activity in Southeast Asia surges in the first quarter of 2025, as deal value grew by 296.1% quarter on ...

...he elaborates further. Survey & APAC trends Wolters Kluwer’s survey reveals a projected increase of over 600% in agentic AI ...

...to respond swiftly to market changes and emerging opportunities. Agentic AI solutions are also designed to handle increasing data volumes ...

...Indorama Polychem Indonesia and country lead of corporate banking, treasury & risks for Indorama Ventures (Indonesian subsidiaries), observes that treasury ...

...annually. APQC recommends that some areas of finance, such as accounting or treasury, may need even more frequent review to ...

...Verification report shows that the impact of fraudulent activities is especially stark in high-stakes sectors such as the banking & ...

...next-generation treasury management solution utilising blockchain technology such as advanced encryption and AI to improve the efficiency and transparency of ...

...also manage finance projects that support business expansion, ensuring they adhere to budget and timeline commitments. Collaborating with CFOs, regional ...

...Global Finance and Technology Network (GFTN), and is supported by US$4.62 million in seed funding from strategic investors Ant International ...

Chief financial officer turnover in the Asia Pacific region decreased by 24% year over year in 2024, according to a ...

PayPal launched its full-stack payments solution, tailoured for small and medium businesses (SMBs) and large enterprises in Singapore, reducing complexity ...

...the composition of global fraud attacks. First-party fraud, which includes misrepresenting or giving false personal or account information for financial ...

...solving. The move comes following the findings of AICPA & CIMA’s Future of Finance 2.0 research and the World Economic ...

...unlock insights, and confidently move toward autonomous finance, enabling Finance and Accounting (F&A) teams to reduce risk, accelerate decision-making, and ...

...value across the enterprise, from shaping workforce strategies to improving financial outcomes. “The focus on efficiencies must go beyond automation ...

...me to be featured in ACCA Global’s AB Accounting and Business Magazine for sharing my passion for lifelong learning and ...

...business operations and treasury processes. For example, ISO 20022 brings richer data and greater transparency to payments, which can really ...

...increasingly important. "As accounting and finance roles evolve from traditional processing functions into strategic business partners, a deeper commercial understanding ...

Asia-Pacific IPO markets showed signs of recovery for the first quarter of 2025, according to EY. The region showed signs ...

Investors must be on the lookout for more uncertainties in the Southeast Asian private equity market, despite a significant rebound ...

...typically an independent vendor. Moreover, finance leaders who have experienced a cybersecurity breach are more likely to report having a ...

...businesses to reinvest in growth, manage expenses, and preserve financial stability," he opines. He highlights automation as a vital enabler, ...

...and Operational roles. Post Deloitte, I’ve worked in a diverse range of industries - from a Hollywood studio, a brokerage ...

...opportunities facing Singaporean businesses on the global stage.  The context for this discussion was especially meaningful as Airwallex continues to ...

...easy-to-use dashboards and improved reporting to better monitor KPIs and keep teams on track. These tools help your team better ...

...along with them increased efficiency and capacity to free up time for analysis a full-picture view of business performance for ...

...FutureCFO Conference in the Philippines, with the theme Pathways Towards Differentiated Success, 64% of respondents say they see the importance ...

...impact of AI on the global economy, reveals that investments in AI solutions and services are projected to yield a ...

...NetSuite, chief financial officers are now faced with the evolving role as a Relational Leader—someone who builds trust-based relationships that ...

...the Global Chartered Accountancy Profession” report, 85% of respondents say they are at least fairly willing to use AI technology, ...

...through competition report reveals that the Asia Pacific region has seen a notable decline in sustainability reporting, with only 44% ...

...support the entire business. Whether it's streamlining credit risk processes, enhancing financial planning, or optimising employee benefits, this partnership enables ...

...seen a gradual yet steady shift from cash to electronic payments over the past five years. "In 2020, the card ...

...steered towards new pathways. Inarguably, the finance leadership position now is a totally different role, ever-evolving as it has become ...

...modern solutions allow businesses to support evolving models, adapt fast, and stay competitive, but these models bring complexity which end ...

...from financial services integrating ESG factors into investment decisions to manufacturing and supply chains adopting greener practices." He says businesses ...

...which seeks to make it easier for business owners within the Pepsi-Cola distribution ecosystem to collect payments, access capital, and ...

...the findings of the Association of Chartered Certified Accountants in a recent report, revealing that accounting professionals are posed with ...

...Workday, traditional methods, reliant on outdated data and periodic reviews, can no longer keep pace with the speed and complexity ...

...KPMG, the introduction of the global minimum effective tax rate of 15% under BEPS Pillar 2 poses challenges to the ...

...also explores how ISO 20022 XML can address inefficiencies and complexities that corporates and financial institutions face when making cross-border ...

...planning & analysis (FP&A), and compliance reporting. "Over the last several years, technologies like Robotic Process Automation and Intelligent Document ...

...of IDX-listed companies had published sustainability reports. This is no longer a symbolic exercise—it reflects a strategic shift in how ...

Chief financial officers are in it for a balancing act on sustainability mandates, technology investments, and economic and geopolitical shifts. ...

Regulatory breaches emerged as the top risk among Asian boards, according to a survey by Willis, a business by WTW. ...

Editor’s note: In today’s A Day in the Life, Kelly Wee (pictured), business director for accountancy & finance, human resources, ...

...borrowers use loans for business-related purposes, such as e-commerce and online selling. This trend, according to the report, shows how ...

Business insolvencies in the Asia-Pacific region are expected to keep rising in the coming two years, according to a report ...

...Japan, and South Korea. Further, regulatory shifts such as new tax frameworks in markets like Vietnam and Indonesia are driving ...

...solve their pain points. We market ourselves as “by accountants for accountants,” which is critical. I can’t tell you how ...

...for businesses and generate more healthy competition in the market. The debate on reducing regulation will continue and will be ...

...decision-making. More recently, the introduction of low-code/no-code platforms has democratised process management, empowering business users to design and modify processes ...

...as leaders in sustainable finance practices." Charlie Cheah Embracing autonomous finance The concept of autonomous finance is reshaping traditional finance ...

...2028" report, GlobalData found that the e-commerce transaction value in Taiwan has shown a steady increase, with the market size ...

...macro & microeconomic factors; continuously adjust factor weightages based on real-world results; and incorporate human feedback via Reinforcement Learning. To ...

...growth. Winnie Law, CFO, Technology & Operations (T&O), Global Functions and Fit for Growth, Standard Chartered, believes the war on ...

Digital transformation emerges as the top priority for finance professionals, focusing on enhancing financial planning and budgeting, optimising ERP systems, ...

...practices. This is forcing finance leaders to integrate ESG considerations into their financial planning, reporting, and investment decisions. Harding highlights ...

...key to navigating this complexity lies in driving business results through collaboration and the reinvention of business models. CFOs must ...

...analytics. Automate Financial Processes – Leverage AI-driven tools to streamline accounts payable, receivable, and expense management. Enable Intelligent Reporting – ...

...region, where countries herein have varying levels of technological readiness. Although some organisations are becoming increasingly comfortable to use advanced ...

...through September, covering various topics including Singapore’s climate reporting and assurance roadmap, and the key differences between the currently-adopted Global ...

...of finance and managing numbers, as well as strong commercial acumen and the ability to link them to business strategies. ...

...configured for specific business functions, instead of focusing on individual co-pilot technologies to achieve faster business value from AI. Hybrid ...

...and compliance for global expansion, Chatterjee says cross-border virtual CFO services can support businesses operating in multiple countries or those ...

...expanding its global influence, according to McKinsey & Company. The global management consulting firm's analysis found that Asia could be ...

...and social impacts, and investors often seek companies that align with their values, especially regarding ethical practices. FinDep Consult tips ...

...data accuracy and compliance. In a globalised business environment, adhering to regulations like GDPR is vital for maintaining organisational integrity. ...

...anomalies that traditional methods may overlook. He explains, "predictive analytics improves cash flow forecasting, helping businesses anticipate financial risks and ...

...CFOs often bring the latest insights and tools to help businesses optimise processes and improve financial transparency. Further, Net Zero ...

Cash flow management has emerged as a top financial risk that poses the greatest threat to organisational growth, according to ...

...and Standards Adopt Recognised Reporting Standards: Implement existing frameworks such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board ...

...hypothetical situation; it's a reality that businesses of all sizes face in today's increasingly digital world. CFOs, with their unique ...

Boosting working capital efficiency remains as a key priority for chief financial officers in the Asia-Pacific region, according to a ...

...to recover? We never stopped. We were slowed but we never let our projects lie idle.” Foundations for success Cheng’s ...

...shifts can be leveraged to drive organisational value. As it plays a greater role in businesses' accounting and financial reporting, ...

...said. The initiative produced two reports, Snippet 1 and Snippet 2, aimed at educating students, parents, and teachers about the ...

...comply with local laws to avoid non-compliance and potential penalties. E-invoicing mandate and ESG Reporting add further complexity dimensions to ...

...technology's role in their lives. This is the findings of Accenture's 18th annual Life Trends report, which revealed that people’s ...

...in financial transformation efforts, citing Dominik Asam, SAP's Global CFO, who championed efficiency and standardised global processes. “Asam is convinced ...

Finance leaders are turning to artificial intelligence to combat crisis of confidence in corporate reporting, according to a survey by ...

...metrics, analytics, and reporting as their primary focus areas, emphasising the critical role of technology in enhancing business performance. This ...

...accounting, business, and management, as well as certifications such as CPA, CFA, CMA, and the likes, would give the requisite ...

Forty-nine percent of investors in Singapore are expecting the economy to grow in the coming 12 months, according to a ...

...stay on top of the competition. Being a CFO, I have the privilege of having a bird's-eye view of the ...

...venture capital (VC) backed portfolio companies generated 46% of total global IPO proceeds, highlighting their substantial contribution to global IPO ...

...more effectively, build customer trust and creates paths for business to value and scale. Other key findings from the report: ...

...understanding of the entire business. For a finance leader, in particular, Huggins says it is an imperative they understand:  The ...

...for CFOs to reassess their data management practices and risk assessment protocols. The implications extend beyond cybersecurity. Geopolitical risks and ...

...National University of Singapore (NUS) Business School. The third edition of the study, Sustainability Counts III: Sustainability Reporting in Asia ...

...help companies stay resilient and responsive to change. In its key recommendations for Budget 2025, which zeroes in on enhancing ...

...clients' business objectives—this is particularly important in finance, which is increasingly vital to business dynamics.  Beyond professional objectives, working with ...

...easier for consumers to shop globally and for businesses to expand internationally. Another key change, according to Navarro, was the ...

...compliance. However, the increasing complexity of global markets and the pace of technological change have redefined this role. CFOs must ...

...our business? Preparing for a Smooth E-Invoicing Rollout From conversations with businesses that have already implemented e-invoicing, two challenges consistently ...

...organisation with a fragmented view of its financial health due to siloed IT systems. Justina Sim Justina Sim, country head ...

...dimensions. Notably, three-quarters of respondents reported that their results positively impacted business development, with concrete optimisation measures being implemented consistently. ...

...often mean the need for corporates to divest from certain businesses and acquire new sustainable businesses, and here again, the ...

Editor’s note: In today’s A Day in the Life, Victor Ng (pictured), VP and MD, Infor South East Asia & ...

...have deployed AI in three additional areas of the business. These businesses achieve nearly 5 percentage points higher revenue growth ...

...loans and use-of-proceeds green bonds also drove a notable increase in volume mobilised in Q3, ING says, while global green ...

...growth, Gartner identified five practices that set apart a top 5% of companies that have delivered efficient growth relative to their industry ...

...Instead, ‘trusted’ transactions may never even land in an expense report. They will be replaced with exception reports, which only ...

...toward efficiency and inclusivity, and reshaping how individuals and businesses engage with digital transactions. This shift, according to Visa, unlocks ...

...growth. This requires expertise beyond finance, including knowledge of the global economy, market trends, laws and regulations, business strategy, and ...

...the findings of a study by Ernst & Young LLP in Singapore and the Chartered Accountants Australia & New Zealand ...

...governments deliver value to citizens. According to ACCA’s latest report, A productive approach: Finance professionals improving productivity in the public ...

...Asia Pacific region, and the Country MD for Singapore and Malaysia business, there is very rarely a typical day for ...

...and accounting professionals with the need for more accurate reporting in more complex regulatory environments especially following the pandemic. "While ...

...global supply chains, leading to supply chain (23%) being the second most mentioned source of emerging risk in the region ...

...company detected 336,294 phishing attacks launched at organisations and businesses in the the region, with the attacks impersonating e-commerce, banking, ...

ASEAN enterprises are now leading in data intelligence, training their large language models (LLMs) with enterprise data. This is the ...

...compliance with emerging reporting obligations, including those related to global minimum taxes. However, while 82% of CFOs and tax leaders ...

Chief financial officers and finance leaders rated metrics, analytics and reporting as their top focus areas for the year coming, ...

...support to fully harness the power of emerging technologies. This is the findings of a recent study by EY, which ...

...to investors," says Hwee Ling Tay, accounting & reporting assurance leader at Deloitte Southeast Asia. "As foreign direct investment continues ...

...a job well done! The complexity and sensitivity involved in resolving issues during transaction processing are quite diverse.  In my ...

...and new digital tools. Additionally, as businesses expand globally, there is an increasing need for professionals with a deep understanding ...

Financial controllers in Asia-Pacific are preparing for radical change in their roles over the next five years, according to the ...

Chief financial officers and finance teams are now regarded as essential to building climate resilience through risk-based planning and sustainable ...

Business leaders are not sufficiently investing in their organisation’s risk oversight even amid risks that are increasing globally in volume ...

...be the blueprint for gearing up for 2025. For Shivam Kumar, finance director for Southeast Asia & Taiwan at pure-play ...

...company’s evolution speaks to the importance of ESG commitments to our business," says Jonathan Walbridge, chief financial officer at Digital ...

Editor’s note: In today’s Female Leadership for Business, Steffanie Yuen (pictured), Managing Director and Head of Hong Kong at Endowus, ...

...its historical average. This is the findings of the latest joint survey by the Association of Chartered Certified Accountants and ...

Embedded payments and finance saw a substantial 25% increase since 2022, revealing a "game-changing" $185 billion market opportunity for SaaS ...

...to mitigate the environmental impacts such as carbon taxes, waste management laws and requirements for sustainability initiatives to succeed. In ...

...the profession remains indispensable to advancing sustainable business practices. The programme also creates an inclusive pathway for those without a ...

...the current global state of nature-related reporting, which relies on several different frameworks and guidelines and examples of best practices ...

...work, focusing on integrating the latest technological advancements into our business processes and building a global business model around them.  ...

...across the bank. The global provider of financial services software applications' Treasury and Capital Markets business is built on a ...

...decision-making capabilities. Ralf Gärtner, senior vice president & general manager at Wolters Kluwer CPM, emphasises the urgency of AI adoption: ...

...Barry Melancon, CPA, CGMA, who will retire at the end of 2024. The appointee currently serves as president and CEO ...

The Asia-Pacific region has seen a notable turnaround in the IPO market in the third quarter of 2024, according to ...

...economic factors. While the drivers of complexity in ethical dilemmas are broadly similar globally – the frequency and perceived acceptability ...

...priority.  In addition, close collaboration with the business and sales teams ensures targeted client engagement and business growth, with a ...

Navigating around tight budgets to realise business goals has always been one of the main responsibilities of finance leaders for ...

...spending associated with distributed apps and workloads. "FinOps is becoming the standard practice among global enterprises," says Charlotte Dunlap, research ...

A recently published whitepaper by Moody's looked deeper into the transformative impact of artificial intelligence on the credit memo process, ...

...to data and analytics company GlobalData. According to GlobalData's E-Comerce Analytics, the anticipated spike is driven by the ongoing shift ...

...Building an effective reporting model: The requirements for sustainability reporting are complex and will continue to grow. Building the core ...

...provide a clear path to meet reporting obligations. Different organisations’ approaches to sustainability reporting show a common set of capabilities ...

...AI adoption story is not uniform across the accounting landscape, as a notable divide exists between larger firms and smaller ...

CloserStill Media unveiled the key theme for Tech Week Singapore 2024, exploring the future of digital transformation across Asia and ...

...professional journey came during my time working under Steve Vintz, who was the CFO of Vocus.  I served as a ...

Editor’s note: In today’s Female Leadership in Business, Jo-ann Chung (pictured), CEO, Summit shares with FutureCFO audiences her experience of ...

...highlights the critical role of CFOs in navigating complex and evolving sustainability reporting requirements, ensuring assurance-ready sustainability reporting, and driving ...

...and staffing levels are adequate for achieving business success. Business leaders should monitor this performance closely, because the forward-looking financial ...

...report by the Association of Chartered Certified Accountants, they identified 'unique' considerations towards artificial intelligence, conceding that AI in accounting ...

As the business world's thirst for mastering technological advancements properly intensifies, with the seemingly never-ending developments in artificial intelligence, automation, ...

...knowledge, business skills, and experience to develop AICPA & CIMA’s business and operations for Hong Kong and emerging markets.  I’ve ...

...to the prescriptive rules of accounting regulation or tax legislation, ethical dilemmas can be subjective. She thinks it is important ...

...weaknesses. This requires a new kind of collaboration between people and machines that will improve business performance and employee satisfaction. ...

Global full-cycle verification provider Sumsub received full regulatory compliance approval for its non-doc identity verification solution following a regulatory-led audit ...

Oracle NetSuite launched new artificial intelligence-powered updates to NetSuite Enterprise Performance Management (EPM) to help finance teams streamline reporting, expand ...

...results across diverse business and technology parameters1 to understand banks’ preparedness for the adoption of instant payments. The report also ...

...overall success. 1 2022 Gartner Business Outcomes From Digital Spending Survey. Gartner conducted this survey to understand how to drive ...

...and Technology.  To me, an MBA degree is not just about acquiring business knowledge—it is about expanding my horizons.  Accompanied ...

...technological advancement transforms the business scene as the market veers to an increasing reliance on AI assistants to automate and ...

...stakeholders: depending on its size and the location of its main target audience. Such include Global Reporting Initiative (GRI), International ...

...advanced discussions with other solutions providers to add depth and breadth to our business processing solutions ecosystem," says Malick Aboobakar, ...

...a strategic business enabler and engaging with tax policy from a broader perspective. By integrating tax planning into strategic decision-making, ...

The convergence of AI and ERP offers the potential to overcome traditional barriers to efficiency and accuracy in financial management, ...

Editor’s note: In today’s A Day in the Life, Clare Leighton (pictured), COO & Co-Founder of bluesheets shares with FutureCFO ...

...bridging the gap between technical teams, the business, and even regulators. The core tenets of AI literacy for accounting professionals ...

...an important trade document of title, issued over Global Shipping Business Network (GSBN), HSBC, Hang Seng Bank, and Bank of ...

...the Deloitte AI Institute's "State of Generative AI in the Enterprise" report revealed that data and risk remain key challenges ...

The accountancy profession has a central role to play in driving and shaping the future of artificial intelligence use by ...

...up from 40% in 2022. OTAs leverage their highly variable cost structures to respond to and rebound quickly from market ...

...key AI and advanced analytics techniques relevant to finance, helping them align technology roadmaps with business strategy. While many of ...

A new SAP Concur research enumerated the five challenges threatening business travel in 2024, amid the challenges of remote working ...

...age-old problems. Angeline Mesny Sanford, senior manager, channel marketing at Bottomline Technologies, says lessons on cost control that is back ...

...this approach extends to educating users about their online presence, promoting safer online practices, and fostering greater awareness towards identity ...

...serve customers.  To help connect the dots across the organisation, I meet with business unit leaders and stakeholders across various ...

...and sustainability reporting and management partner to large multinationals, fund managers and corporates must bring in cross-function ESG generalists to ...

As the business world veers towards constant changes--be it on technological advancements, regulations and policies, or sustainability standards and initiatives, ...

...neurodiversity is, and how to provide support for these individuals, organisations are now faced with the task of considering design ...

...audits in mitigating risks for investors. Key findings: Audit report releases typically result in a 10% market-adjusted return within two ...

...in a time of growing complexity in accounting and the need for increased staff productivity, the report says. While accounting ...

...finance professionals excites me because of the critical insights and perspectives they provide—it’s like seeing directly into the engine room ...

...Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and ...

...malicious attacks, soft ransomware targets require minimal experience and cost to cause significant financial and reputational damage,” said Gamika Takkar, ...

...individuals to create workplace environments where everyone’s challenges are supported and strengths are celebrated, and where neurodivergent individuals can thrive. ...

...individual rails. Boosting International Trade The report forecasts that as cross-border instant payment availability grows, more businesses will leverage these ...

...(CSPs) dominate approximately 80% of the market as highlighted in the Omdia survey. Omdia’s report further clarifies the FinOps sector ...

...into everyday practices. 5. Monitoring and Evaluating Value Alignment Continuous monitoring is key to maintaining value alignment. CFOs can implement ...

...planning venture investments in health or non-health startups within the next two years. Several large health plans have already added ...

...the accounting and financial reporting of businesses. The global accounting body also calls for finance professionals to ensure that AI governance ...

...matter, noting on the recent experiences of S&P Global 1200 companies. Insight 1: Cost Cuts Are Common but Not Deep ...

Companies across the Asia Pacific region are facing an urgent need for portfolio rebalancing, according to a new Deloitte Asia ...

...data classification and management reports as the next most impactful use cases for GenAI in finance. Giselle Arellano-Geronimo, vice president ...

...or systems that are shared by many people within an organisation that does not all have the same authorisation to ...

...more efficiently and enable them to focus their efforts on value-added activities. Collaborating with colleagues and customers to resolve business ...

...The Gartner survey, which was conducted to look into senior business executive views on current business issues, as well as ...

Editor’s note: Audit is much more than a compliance requirement and is definitely not a declining industry, said Narissa Chen ...

...reporting: The Indonesian government has placed greater emphasis on sustainability reporting. In 2020, the Ministry of State-Owned Enterprises mandated state-owned ...

...Institute of Singapore Chartered Accountants (ISCA). According to the "Counting to 3: Navigating Singapore’s Emissions Journey Together" report, as corporate ...

...This means prioritising sustainability activities based on business outcomes that are achieved by integrating sustainability metrics into key decision-making processes ...

...to start considering proactive strategies to manage travel-related carbon emissions ̶ these may soon become essential criteria for responsible business ...

Editor's note: In today’s A Day in the Life interview, Justin Barch (pictured), CAE, Managing Director, Revenue & Growth, Association ...

...sustainability good for financial performance?”, explores the relationship between sustainability and financial returns, including the impact of sustainability investments on ...

...management reports as the next most impactful use cases for GenAI in finance. The survey of 100 finance leaders also ...

Here and there, the business world witnesses changes around various sectors and organisational functions, hence it is no surprise how ...

...analyst points out that finance leaders should focus on the business outcomes (problems) that are critical and then finding the ...

...through data faster and go over alternative scenarios and future outcomes.  It goes beyond business analytics, which guides future actions ...

...thrive. This realisation led to the birth of Fiskl, an AI-powered accounting platform designed to democratise financial management and empower ...

Among executive committee members, chief financial officers (CFOs) should play a central role in supporting chief sustainability officers (CSOs) in ...

Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) reported a significant uptake in the adoption of BEPS Pillar Two ...

...& Transformation. New technologies, including generative artificial intelligence and robotic process automation, are quickly revolutionising accounting and finance. CIMA and ...

...compelling business benefits, a lot of the intelligent automation programs are assessed for the value they bring to business through ...

...from nine months ago, come despite fast-approaching and evolving regulatory deadlines to report on ESG. KPMG’s annual ESG Assurance Maturity ...

...alongside their financial statements. These reports must be prepared in line with European Sustainability Reporting Standards (ESRS). That ESG reporting ...

As the world transformed following the changes brought about by the COVID-19 pandemic, along with other global market factors, businesses ...

...and lead to frustration; inherent inflexibility that doesn’t cope well with disruption and rapidly changing business demands; and opaque ownership ...

...valuable perspectives on industry challenges, emerging trends, and best practices. It's inspiring to witness the transformative impact that finance professionals ...

...transparency, and traceability. BlackLine is an SAP Solution Extension partner specifically chosen to complement SAP’s record-to-report solutions, according to a ...

...a strong ESG reporting programme will give their organisations a competitive advantage. However, the same study reveals that businesses worldwide ...

...is inclusivity or the lack thereof in organisations. She reveals that at ENGIE, the Women Empowerment Network provides a forum ...

Accountancy and finance professionals can augment 60% to 100% of critical work functions with artificial intelligence in assurance, financial accounting, ...

...and lawyers are integral aspects of my day. These engagements often involve clarifying financial intricacies, discussing case developments, and resolving ...

...released a guide for the preparation of sustainability report that helps all involved, especially professional accountants, paving way for better ...

...and accountability across an organisation on a global scale is incredibly rewarding," she notes. Kell says this can be partly ...

...treat cybersecurity as a business investment. This means that CFOs need to determine the business value of cybersecurity using outcome-driven ...

Editor's note: While travel—an important part of many business leaders' typical work routines—has allowed Florian Winterstein (pictured), CEO of Jedox, ...

...and flagging unusual or abnormal data patterns. Intelligent Disclosure dynamically integrates financial, non-financial, and ESG consolidated numbers with narratives into data-linked ...

...credentials for future account takeover attacks." Key findings from Confidence Amid Chaos: ·                Third-party Account Takeover Takes Top Spot – Third party ...

...The lockdowns and quarantine situations introduced changes in the business world that are still visible up until now, if not ...

...are failures due to low adoption or from choosing the wrong use case. Misuse in decision making “Most of the ...

...foundational ERP systems.  These are huge undertakings that need a high level of collaboration across a business.  That means the ...

...with balancing essential business travel against tight budgets. SAP Concur has partnered with FutureCFO to understand the challenges and opportunities ...

...tax and business law at ACCA. "Many very small businesses don’t have the bargaining power to refuse when small bribes ...

Among the key trends that emerged in the recent Money20/20 Asia 2024 event in Bangkok, Thailand include dispelling the myth ...

...way short of the levels required to drive transition towards net zero targets. This is the view of Lim Lay ...

...to standardise reporting practices are also underway, and we see firms investing in technology to enhance their disclosure capabilities. ESG ...

Banking software system provider Temenos launched its financial processing solution, Temenos Positions, to transform banking operations for institutions with complex, ...

Businesses are on a high-speed chase to win over customers and hearts and wallet share. The very simple action of ...

...New Zealand security consulting and managed security services firm; Innovation Consulting Services, a Thailand-based SAP consultancy; and MF & Associates, ...

The finance function, including finance professionals and their roles, has been evolving to keep up with the changes in the ...

...Masterclass Programme includes training programmes recognised by the Singapore Exchange Regulation that will help directors stay updated on industry trends, ...

...sustainable organisations that create long-term value for society, as well as financial value for their stakeholders, will be the bedrock ...

...to manage the associated risks with AI, as it plays a greater role in the accounting and financial reporting of ...

...for a deeper understanding of the financial intricacies of businesses but also presents a platform for strategic partnerships that can ...

...we’re seeing its impact extend far beyond those subject to the regulation.” Volpe adds that the CSRD has sparked a ...

...role in 2023 was the changing regulatory guidelines that were impacting financials. “Unlike IFRS standards that are well-structured and finance ...

In discussions of new technological advances that can no doubt aid businesses and organisations in their journey to success, risks ...

Finance professionals and their roles have been evolving to keep up with the changes that have been happening here and ...

...for a sustainable world white paper, which is the latest iteration of AICPA & CIMA's Future of Finance research programme, ...

...of understanding the benefits of artificial intelligence in the accountancy profession. The global professional accounting body says that while AI ...

...of the global supply in 2024. “It is very encouraging to see asset managers take a science-based approach towards sustainable ...

...in the world, had various programs and moratoriums to help small businesses and individuals in need. During the three years ...

...build a better world that works for everyone, although it can be hard to know how to put that knowledge ...

...at adopting new technologies and driving the integration needed to make these work optimally. Based on findings from Deloitte’s Asia-Pacific ...

...and finance business partners and 102 senior decision makers at organisations with more than US$250 million in revenue, only 15% ...

...contributions in shaping the safe, secure future which we all crave." The global professional accounting body concedes that solving the ...

...years of continuous change, adapting a more human-centric accounts payable approach is now a prerequisite for keeping a business competitive. ...

...environment. In the late afternoon, I will review data and reports and prepare for weekly and monthly management presentations and ...

...reported since 2018. According to the report, checks continue to be the payment method most vulnerable to fraud, with 65% ...

...financial close procedures, accurate and error-free financial statements, the state of financial reporting for organisations and businesses will be thrown ...

...measuring key entity data against globally-recognised frameworks, such as the UN Sustainable Development Goals and the EU Taxonomy. Captured information ...

...happening within the business. Over the last few years, priorities within the finance team have inarguably changed as the business ...

BlackLine, Inc. launched its generative artificial intelligence-powered Journals Risk Analyser, empowering finance and accounting leaders with anomaly detection. The new ...

...(GECS) says, but the capital expenditure index points to 'some caution' as concerns about costs are rising. The Confidence Index ...

...global organisation that actively develops the energy solutions of today and tomorrow. The supply of affordable, reliable and sustainable energy ...

In 2024 the risks of financial fraud have escalated, presenting a formidable challenge for CFOs worldwide. From the sophisticated Business ...

...Certified Accountants (ACCA) and the Institute of Management Accountants (IMA). The latest ACCA and IMA Global Economic Conditions Survey (GECS) ...

...region including Aesop, Charles & Keith, Kolmar Korea Holdings Co., Ltd, Mondelez, MUSINSA Co., Ltd, PUMA SE, MGM China, and ...

...lieu, that should be provided. Pay should keep up with inflation: ACCA’s Global Talent Trends 2024 study found that pay ...

...FutureCFO: What’s your advice to female finance & accounting professionals who aspire to become finance leaders? ZW: I never think ...

...find innovative ways to use analytic resources, and connect business problems to the data to help inform better decisions. Core ...

...stakeholders to integrate responsible and sustainable practices into their business and operating models. Andrew Harding "Without the rigour and business ...

It is a given: among the imperatives of today's business processes for the finance function and for chief financial officers ...

...by AICPA & CIMA. According to the first-quarter AICPA & CIMA Economic Survey, 71% of the respondents expressed at least ...

Embracing technology has been proven an imperative among firms to remain relevant in talent attraction and acquisition. This is among ...

...change in key areas of their businesses, such as business collaboration, finance and risk operations. We also look at enhancing ...

...markets Shape corporate investment strategy around the AI roadmap Harness platform business models to industrialise and scale advancing technologies Establish ...

...its societal contribution, the report concludes the audit profession stands at a critical crossroads. Five key themes To address these ...

...Thomas Teravainen, research specialist with the Gartner for Legal, Risk & Compliance Leaders practice. "There are a range of AI-related ...

...a recent Deloitte Global study. The eighth edition of Women in the Boardroom: A Global Perspective, which analysed more than 18,000 ...

...missing out on opportunities as the top challenges they face. Openness for financial advice The report found that Southeast Asians ...

...the importance and relevance of positive-sum growth for the organisation, calling it a ‘game-changer’. Everybody wins Esker believes there is ...

Editor’s note: In today's A Day in the Life interview, Alvin IP (pictured), CFO of Aspire, shared how global exposure ...

...for Environment, Society, and Governance (ESG) reporting requirements, today’s finance and accounting professionals go beyond simply measuring and reporting the ...

...important to be able to routinise them. Such processes include: • SOX internal controls • Month-end close • Statutory reporting ...

...to anticipate volatile business landscapes in the coming years and yet, are also tasked to preserve profitability for the business. ...

...collection, and digital traceability. In describing the business Cytiva’s Chief Financial Officer for APAC, Christine Tan notes that the firm’s ...

...aggregation and management reporting time, expediting the reporting process by approximately 10 business days, each month. These significant efficiency gains ...

...process their transactions.  This partly explains the slower pace of innovation in B2B payments compared to B2C. Nevertheless, as global ...

...demand for accounting professionals in business partnering roles.” Meanwhile, Michele Manabat, manager for Accounting & Finance at Robert Walters Philippines, ...

...Among the key findings of the study include: Guiding the Business: 82% of CFOs report they have taken on new ...

...to be of benefit, organisations must identify where AI can be used, and they must understand how it can be ...

...gratitude in their function. For a successful “Gratitude Attitude”, finance leaders should consider peer-to-peer gratitude shares. “However, not all gratitude ...

A Forbes article suggests that 2024 will be tough for everyone. FutureCFO discourse with finance and business leaders echoes the ...

...across industries, but all businesses will have to identify the right balance.  For example, businesses such as Slack and Deliveroo ...