article thumbnail

From risk management to strategic resilience

McKinsey and Company

Senior executives at leading companies reveal their commitment to move from defensive risk management to a forward-looking stance based on strategic resilience.

article thumbnail

How Generative AI is Transforming the Finance Industry

V-Soft Consulting

With the emergence of generative AI (GenAI) and its immense potential to increase efficiency, innovation, and risk management, financial institutions are looking forward to adopting Generative AI tools. Let's explore the various applications Generative Al uses to help reshape the way the finance industry operates.

Finance 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment 2023

Everest Group

Finance and Accounting Outsourcing (FAO) The global multi-process Finance and Accounting Outsourcing (FAO) market continued to grow at a steady rate of 11-13% in 2022 and is expected to continue this growth trajectory for the next three years. This change underlines how corporations are realizing the strategic value of F&A.

Finance 64
article thumbnail

The risk management process for startups that you mustn’t skip

TMS

One of the most important tasks that a project manager must handle is assessing risks. There are pre-set risk management processes that most managers apply in order to run the projects smoothly, without encountering any problems. The basic risk management process contains five core steps.

article thumbnail

How generative AI can help finance and accounting professionals

IBM Business Partners

Whether you’re a CFO, an accountant, a financial analyst or a business partner, artificial intelligence (AI) can help improve your finance strategy, uplift productivity and accelerate business outcomes. Risk management and controls are an imperative in F&A. Apply the controllership lens.

Finance 66
article thumbnail

Establishing a Third-Party Risk Management Program

SIG Speaks

SIG University Certified Third-Party Risk Management Professional (C3PRMP) program graduate Lois Peric shares the essential components for building a third-party risk management program. There are essential components when establishing a third-party risk management program in an organization where none exists.

article thumbnail

Why Finance Leaders Should Care About Procurement and Finance Alignment

Planergy Software

How better management in AP can give you better flexibility for cash flow management. Why Finance Leaders Should Care About Procurement and Finance Alignment. This process left upper management such as Chief Financial Officers (CFOs) in the dark regarding purchases, leaving them to simply pay the bills at month-end.

Finance 52