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The finance labor model of the future has passed a major test – and it was a massive one. The results of Protiviti’s latest global survey of CFOs and finance leaders show that finance organisations which leverage a diverse talent pool of full-time employees, contract and temporary workers, expert external consultants, and managed services and outsourcing providers are able to respond to external…

Mission critical The quote-to-cash (Q2C) process is a vital part of the sales cycle that is responsible for driving revenue for an organisation. It encompasses detailed sales functions spanning from initial quote configuration to payment receipt and revenue recognition. Optimising the Q2C process allows companies to speed up sales cycles, close a higher percentage of deals and create a better buying experience for…

Cyber risk is a growing threat to organisations of all shapes and sizes. Cyber risk quantification allows organisations to better understand the financial impact that these risks pose; however, setting the scope of quantification activities and clearly articulating their outputs can be a challenge. Recently, Protiviti teamed up with the FAIR Institute to review how organisations can implement key Factor Analysis of…

Microsoft Dynamics 365 Finance & Operations provides a database logging feature that can be used to track insert, update, delete, and rename key operation changes made to tables and fields in the application. Database logging is a valuable feature of Microsoft Dynamics 365 used to provide a chronological record of changes that occur within the application. Each record contains details of the date and time stamp…

Companies face multiple threats as the security landscape continues to evolve. But how can they get to grips with the cyber risks they face and a record number of data breaches? Taken together, all areas of risk and security are essential in modern businesses: from IT and physical systems to cybersecurity and personal protection. But if they aren’t implemented correctly, they all have the potential to cause problems…

As corporations are trying to return to some semblance of “normal,” whatever that definition may look like now, and are concurrently dealing with the lingering impacts of a global pandemic and implementing digital transformation, many challenges face the C-suite. Putting people and culture and how to adapt to the significant changes that have taken place in the workforce since 2020 may very well be at the top of…

The Potential of Machine Learning (ML) to deliver value to banks has created something of a gold rush in adopting this methodology for banking applications. ML can produce immense benefits when applied to complex nonlinear problems where there is a large amount of data, particularly unstructured data. Use cases for incorporating machine learning in banking include asset management, fraud detection, credit risk…

Several Key Policies Take Effect March 31, 2022 On March 29, 2021, the Bank of England (BoE), the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) issued a series of policy statements to both refine and finalise their approach to operational resilience for financial services firms. Almost concurrent with the release of the policy statements, the Basel Committee on Banking Supervision…

No matter what they make or sell — computers, pet food, cosmetics, textiles — companies around the world are grappling with significant supply chain issues. It’s easy to blame the global health crisis for these problems, especially the labor, material and shipping container shortages. Certainly, the pandemic has played its part in exposing the global supply chain’s brittleness and exacerbating systemic problems. But…

On the three-dimensional chessboard of business, CFOs are expanding their roles in multiple directions at once. Finance leaders now shape and drive corporate strategy in areas ranging from advanced technology investments to organisational design, and from supply chain resilience to organisational culture. Simply stated, they are positioning themselves as players in the strategic dialogue in the C-suite and boardroom…