Blog library

A collection of Protiviti blogs. 

Blogs

June 19, 2024

Leveraging AI in finance – Move from theory to practice

Finance leaders are actively prioritising practical AI use cases that deliver near- and long-term value. And the reason is simple: the benefits of deploying AI to strengthen specific activities are proving to be well worth the investment.
 Australia is moving toward mandatory and standardised climate reporting. At a national level, the Australian Treasury released two consultation papers, and in October, the Australian Accounting Standards Board (AASB) released an exposure draft for Australian Sustainability Reporting Standards (ASRS) which align closely with the ISSB’s IFRS S1 and IFRS S2 standards. 
In a recent blog, we introduced the drivers for cloud migration, the strategies and the most common types of cloud migrations available to organisations. Today, we take a closer look at what drives a successful cloud migration and think beyond the 7Rs of migration to embrace a transformative approach to modern cloud migrations.
Cybersecurity is distinguished not only by a talent shortage but also by having a predominantly male workforce. Women are in the minority on most cybersecurity teams that have women at all, so when they experience gender bias, they’re likely to be isolated.
Protiviti invited Robert Half Executive Director Clive Davis to share expert insights on talent management strategy as part of a 30-minute lunchtime series, Navigating the Future of Finance.
The future of banking — and banking regulation — is digital and AI-driven.Risks will increase, especially around crypto, fraud and bias in machine-made decisions.Upskilling of compliance officers and risk professionals is needed to function in this evolving environment and manage new risks.
Dramatic reductions in force are happening across industries as economic uncertainty leads companies to reevaluate labor expenditures.Why it matters: RIFs are costly to carry out and they damage morale. Handling RIFs with compassion is the right thing to do.RIF alternatives – furloughs, job sharing and compensation changes – can save money, enable swifter recoveries and reduce hits to morale.Organisations should…
Managing organisational change can be a difficult process regardless of the economic climate. Having multiple initiatives that require participation of several of the same employees is a breeding ground for burnout and employee attrition.Projects often ground to a halt.The best approach: By establishing a center of excellence to manage change — similar to an air traffic control tower — organisations can identify…
Over the last number of years, we have seen organisations shift to cloud computing, in its various forms. Successful adoption and consumption of cloud services have seen organisations benefit from improved cost-effectiveness, security, agility, resiliency and performance. However, with such a significant shift to new technologies, we have seen differing experiences in the benefits realisation of the shift to cloud…
An organisation’s ability to perform, adapt and thrive requires new talent strategies. CHROs and their teams should deploy HR variants of the data-driven, forward-looking FP&A approaches that finance groups employ.A key point: This may require fundamental redesigns of job roles and organisational structure.Yes, but: Organisations cannot solve today’s talent shortage problems with yesterday’s thinking of “Just…
On the 28th of September, the Australian Government released its long-awaited response to the Attorney General’s Privacy Act Review Report. The Government response outlines its stance across the 116 proposals put forward by the Attorney General. In May, we originally published our article analysing the proposed changes that we believe will be most impactful for our clients, we have updated the article to reflect the…
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