As a finance leader, your team is under intense scrutiny and demands. Financial cost controls provide measurable outputs that help you to trust your numbers and drive more efficiency in the close process. The demand for financial controls and compliance is steadily growing. And just as finance departments are being pressed to contribute more and…
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As market conditions evolve, banks must better anticipate changes and more readily adapt their financial plans in response to internal and external challenges. To promote collaboration and deliver the insight needed to respond to business changes, trying four atypical practices will likely gain your bank some traction: Scenario planning beyond the usual Many banks budget…
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CFOs need to be comfortable with the integrity of the financials, management, and employees of the target company in emerging markets deals. As slow domestic economic growth and continued globalization drive expansion into emerging markets, businesses limiting their transaction due diligence to traditional financial and tax areas may miss more significant exposures to fraud and…
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There’s a new player shaking up the power ranking of C-level executives at many companies. A few years ago, when data analytics was still one of the primary responsibilities of the Chief Information Officer, it looked like this C-title would become the right-hand to the CEO. However, a surprise player has been moving into this…
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Striking the Right Balance for Funding Growth While moderate and conservative companies cautiously rely on their own resources, the more ambitious mid-sized companies are willing to take on more risk to pursue greater rewards. For finance executives at many mid-sized companies, cash not only is king, it is also comfort. In a survey sponsored by…
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New York State Department of Financial Services (NYDFS) Superintendent Benjamin Lawsky announced his department has granted a charter under the New York Banking Law to itBit Trust Company, LLC – a commercial Bitcoin exchange based in New York City. The company is the first digital currency business to receive a charter from the NYDFS. The…
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More than one in four firms will increase investment by more than 20 percent. Nearly nine in 10 financial services firms plan to increase their investment in risk-management capabilities in the next two years in response to emerging risks of cyber security and fraud, according to a new report from Accenture (NYSE:ACN). The Accenture 2015 Global…
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The main financial risk facing the US today looks very similar to what caused so much trouble in 2007-2008: big banks with too much debt and too little equity capital on their balance sheets. Uneven global regulations, not to mention regulators who fall asleep at the wheel, compound this structural vulnerability. We already saw this…
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Many small businesses in the UK are hoarding cash surpluses because they don’t yet feel secure enough to invest in infrastructure, according to a new poll by the Institute of Chartered Accountants in England and Wales (ICAEW). The survey found that almost two-thirds (62 per cent) of small business owners have a cash surplus this…
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