News & Insights
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News & Insights
The value of predictive analytics for future business success
Predictive analytics is becoming a critical tool for businesses looking to determine the results of key decisions before committing to them. The benefits are evident but implementing the tech can be a challenge. With rising inflation impacting costs and fears of recession affecting demand for services, companies across the country are decreasing their spending and […]
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News & Insights
Demonstrating the benefits of cloud to bridge the IT gap in finance
When discussing the value of cloud outsourcing with financing, IT leaders should highlight the benefits such as speed, reliability and security. The division between IT and finance can be challenging in budget planning. While opinions differ within IT budget planning, they can escalate further when discussing the potential of outsourcing cloud hosting. In practice, many […]
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News & Insights
Deloitte and Persefoni partnership intends to decarbonise the finance industry
With rising demand for managing the impacts of climate change, finance-related businesses are experiencing new challenges. Deloitte is partnering with Persefoni to launch a new integrated service that measures climate exposure, meets new regulations and delivers more informed data-focused decisions. Persefoni, a climate management and accounting platform (CMAP) provide businesses, financial companies and government agencies […]
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News & Insights
Utilising AI to tackle rising financial crime
Pressure from regulators to eliminate money laundering and sanctions on Russia is accelerating plans for AI. Falling economic growth and rising interest rates are impacting business models and forcing some to rethink their hiring plans. Despite a surge in development, fintech isn’t immune from these impacts, but those specialising in AI monitoring for compliance on […]
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News & Insights
COP27: Big Data critical to climate resilience and food security
The global impact on food security is one of the major priorities at the COP27 climate summit. Recently the Commonwealth Secretary-General called on other leaders to collaborate and learn from each other to transform their future strategies. Patricia Scotland, the Commonwealth Secretary-General, emphasised that for countries to deliver a more productive and sustainable agricultural industry […]
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News & Insights
The power of automation on corporate strategy
A recent study by Harvard Business Review suggests companies expect finance teams to be more strategic, collaborative and automated. Increasingly, businesses are requested to provide financial details quickly and support leaders in achieving their goals. Finance professionals are, however, facing the pressures of daily administrative duties, which means fulfilling this strategic role is more challenging […]
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News & Insights
The vital role of the CFO
The responsibilities of the CFO in supporting business development have changed considerably in recent years. A report by McKinsey this year indicated that the role of a CFO is expanding rapidly. The responsibilities of a CFO have transformed to include critical business processes. In recent years, the position has shifted toward embracing broader responsibilities such […]
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News & Insights
How critical data visualisation is for the finance industry
Representing data using graphics like charts, animation and infographics are regarded as data visualisation. Visual displays and representing information in this manner help communicate complex data relationships and data-driven insights in a form that makes it simple to understand and determine a structured plan. The primary objective of data visualisation is to assist in recognising […]
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News & Insights
Digital innovation essential for financial inclusion
At the recent Sibos annual conference, digital innovation was pinpointed as very significant for financial inclusion. Sibos is an annual networking event delivered by Swift for the financial industry. Beginning as a seminar in 1978, the event has developed into a leading forum for the global financial community to explore and collaborate in areas of […]
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News & Insights
How AI represents the next stage in digitalising the finance industry
With the significant advancement of technology, our lives have experienced considerable changes. By leveraging innovative technologies such as AI, ML and Big Data, we are transitioning into a new stage of innovation where industries worldwide are automating manual processes. This has made our lives similar and seamless, and the finance industry has also embraced this […]
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News & Insights
How automation can support the finance team in a business
Automation can support business and the success of the finance function. In terms of the responsibility of CFOs, there is further recognition of the need to integrate digital measures within finance. Many finance leaders, however, focus on strategic challenges while remaining predominantly reliant on traditional systems incapable of delivering the desired results. Any progress and […]
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News & Insights
New Deloitte and IMA survey suggests the majority are unprepared for the future of finance
A new survey of finance professionals found many are unprepared to meet the demands for more insights and information, despite ongoing significant transformation efforts already in place. The national survey from Deloitte’s Centre for Controllership and IMA (The Institute of Management Accountants) discovered that 76% of finance professionals confirm their controllership functions have started their […]