This ‘Future of Finance Forum’ event explored how the Finance function needs to evolve and ways to deliver this evolution. We enjoyed a vigorous debate about the desirable role of the Finance department and focused heavily on the role of technology...
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Participants discussed the challenges they faced, their desire to provide strategic guidance to the business and required skill sets of the future. Common sentiments from the group included the need and desire to move away from backwards-looking...
From impact assessments to assembling the right project team to finding a window to take a plunge with a new system, finance transformations can be daunting for the CFO and their teams. A soon to be released survey from FSN showed that while CFOs...
The 2016 Future of the Finance Function explored the progress of finance professionals along the Modern Finance journey, looking at areas like standardization and automation, responsibility over data and technology and the struggle of the CFO to...
Q: Can we use manual workarounds to address the new standard?
A: While a manual workaround may be possible for a company with a very low volume of leases, the complexities required by IFRS 16 / ASC 842, (notably around components, options,...
Many organizations with significant lease portfolios have used Lease Management Systems to help manage lease renewals, payments, facilities management and other lease related tasks. The introduction of the new leasing standard will not only...
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Ideally, financial departments should serve as hubs of insight that inform strategic and operational decisions. However, most CFOs receive data too late to make informed decisions.
In order to cut costs and pursue revenue...
