Predictive sales forecasting: Is your finance function up to code?

McKinsey

Strategy & Corporate Finance InsightsSome companies are using automation, machine learning, and advanced analytics to make the crystal ball clearer. Here’s how your company can do the same.

Finding Virtue in the Finance Industry

Harvard Business

Economics & Society Finance & Accounting Ethics Digital ArticleYou can do well and do good.

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Behavioral Economics and Behavioral Finance Manifesto

Steve Shu Consulting

In this post, I want to share my thoughts on design values related to behavioral economics and behavioral finance (which going-forward in this post I’ll simply refer to as behavioral science for brevity). With that as backdrop, here’s my Behavioral Economics and Behavioral Finance Manifesto (much like I did with my Management Consulting Manifesto back in 2011 ). Behavioral Economics General Management Innovation Behavioral Finance Behavioral Science Nudge

Podcast Interview on 401(k) Plans and Behavioral Finance Trends

Steve Shu Consulting

Save(d) by Design Loss Aversion Calculator (personalized finance tool) Personalized Pension statement Personalized video technology with live action Thanks to Rick Unser for having me recently on his 401(k) Fridays podcast. This interview is geared toward defined contribution plan sponsors and those closely related with this segment of the market (e.g., advisors, consultants, recordkeepers, investment only).

Global Finance Resets

McKinsey

The decline of cross-border capital flows signals a stronger global financial system, write Susan Lund and Philipp Harle in International Monetary Fund. MGI in the News

Finance vs Strategy

Tom Spencer

A successful firm will need to pursue sound strategy and, at the same time, stay on top of its finances. Business Strategy consulting finance Management Consulting The financier cares about the next 3 months or less. The strategist cares about the next 3 years or more. The financier wants the deal to close as soon as possible so that he can earn his bonus.

New technology, new rules: Reimagining the modern finance workforce

McKinsey

Innovations in technology and management practice are creating new opportunities for the finance function to add value to the business. Here’s how finance teams will need to evolve to make the most of them. Insights on Operations

Taking conservation finance to scale

McKinsey

Environmental projects are woefully underfunded. Improving their risk-return profiles and structuring larger investment products could unlock private capital to narrow the gap. Our Insights

Health system financing: Tips for emerging markets

McKinsey

Many countries with emerging economies are considering health system financing transformation. Five no-regrets tips can help them build a strong foundation for their future health system. Insights on Healthcare Systems & Services

Disrupting Finance

Harvard Business

Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win. Disruptive innovation Technology Managing organizations Audio

Memo to the CFO: Get in front of digital finance—or get left back

McKinsey

Companies are still in the early stages of applying digital technologies to finance processes in ways that will create more efficiencies, insights, and value over the long term. Strategy & Corporate Finance InsightsHere is how the CFO can lead the way.

A Primer on Restructuring Your Company’s Finances

Harvard Business

Financial management Reorganization Finance & Accounting Business law Digital ArticleUnderstand your options, both in and out of court.

Unlocking Africa’s $100 billion public-finance opportunity

McKinsey

Across Africa, public-finance transformation could deliver $100 billion a year in new revenues and savings. African governments face stagnant tax revenues and rising public debt. Yet they have wide scope to reform tax systems and improve spending efficiencies. Middle East and Africa

Disrupting Finance

Harvard Business

Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win. 3392 1585 105786 110003

How are consumers feeling about their finances?

McKinsey

In many countries, consumer sentiment has improved since 2015. Consumers have become more bullish about their ability to spend. Insights on Consumer Packaged Goods

Bots, algorithms, and the future of the finance function

McKinsey

Automation and artificial intelligence are poised to reshape the finance function. Knowing what to automate and managing the disruption can lead to a new era of productivity and performance. Our Insights

Disruption in European consumer finance: Lessons from Sweden

McKinsey

Strong earnings in European consumer finance have drawn the attention of attackers, including large retailers and fintechs. To maintain their position, banks must focus on the customer and transform their operating models. Insights on Financial Services

Looking beyond finance

McKinsey

Global leaders in infrastructure development confront a multi-trillion dollar gap in investment. New analysis from MGI estimates US$69 trillion of investment will be needed between now and 2035, write Jan Mischke and Diaan-Yi Lin in The Business Times of Singapore. MGI in the News

The Brazilian experience in financing infrastructure

McKinsey

A former finance minister makes the case for openness and discusses “de-risking.”. Our Insights

The promise of digital finance

McKinsey

Digital technologies, starting with mobile phones, can rapidly fix problems encountered when savings are stored outside the financial system and foster faster, more inclusive growth, write Laura Tyson and Susan Lund in Project Syndicate. MGI in the News

The debate over private infrastructure financing in the United States

McKinsey

Financing costs are higher, but the results are worth it. Our Insights

The Digital Revolution in Trade Finance

BCG

Revenues from trade finance now total approximately $50 billion a year. Simultaneously, regulation is making trade finance more costly to supply. To succeed in this challenging and uncertain environment, banks’ trade finance offerings must be agile, low cost, and valued by customers despite the growing availability and safety of alternatives to documentary trade. Part of the answer lies in the digital revolution unfolding in trade finance.

Navigating risks in project finance

McKinsey

When it comes to infrastructure and capital projects, managing risks and incentives correctly can be a major enabler for opening up new funding streams and creating bankable project pipelines. McKinsey senior partner Roberto Fantoni sat down with leaders from Macquarie, Arup, HSBC Singapore, and MTR Corporation at GII 2017 to discuss the challenges at stake and the opportunities to overcome them. Our Insights

What digital finance means for emerging economies

McKinsey

In emerging economies, using a smart phone to provide access to financial services, could help boost the economy, write James Manyika, and Rodger Voorhies in Fortune. MGI in the News

How digital finance could boost growth in emerging economies

McKinsey

Delivering financial services by mobile phone could benefit billions of people by spurring inclusive growth that adds $3.7 trillion to the GDP of emerging economies within a decade. Employment and Growth

Democratizing digital finance: An interview with PayPal CEO Dan Schulman

McKinsey

By working to be a better champion of its customers, PayPal has seen its transactions and customer base grow and satisfaction among employees swell. Insights on Financial Services

Why Finance Needs More Humanity, and Why Humanity Needs Finance

Harvard Business

Mihir Desai, professor at Harvard Business School and Harvard Law School, argues for re-humanizing finance. He says the practice of finance, with increasing quantification, has lost touch with its foundations. But he says finance can be principled, ethical, even life-affirming. Desai is the author of the new book, The Wisdom of Finance: Discovering Humanity in the World of Risk and Return. He also writes about finance and the economy for hbr.org.

Spending reviews: A more powerful approach to ensuring value in public finances

McKinsey

Spending reviews have the potential to provide significant insight into budget allocations, enabling higher productivity and greater operational efficiency. Public Sector Insights

Car Deals: Must Be Subprime, Must Finance Through Chrysler Capital

MishTalk

The fine print is rather amusing: Must be subprime and must finance through Chrysler Capital. Reader Bian emailed an ad for huge discounts on cars. more…). Economics

How Deloitte Is Helping Companies Bring Their Finance Functions Into the Future - SPONSOR CONTENT FROM DELOITTE

Harvard Business

Finance & Accounting Sponsor ContentSponsor content from Deloitte.

China Faces "Minsky Moment" on Ponzi Financing

MishTalk

Inquiring minds are tuning into a report on the Ponzi finance setup in China. Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate. Most assume China can grow at 7% a year, a notion that I have challenged on many occasions. Morgan Stanley agrees. Please consider Morgan Stanley: China''s Minsky Moment is Here.

Finance and HR: The Executive Partnership That Transformed a Company

Strategy+Business

The relationship between a chief financial officer (CFO) and chief human resources officer (CHRO) can turn a company around. Between them, they control the major sources of capital available to a company: human, financial, and often information technology. One such collaboration took place at McGraw-Hill Companies starting in 2011, between CHRO John Berisford and CFO Jack Callahan.

How Blockchain Is Changing Finance

Harvard Business

The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. Our global financial system moves trillions of dollars a day and serves billions of people. But the system is rife with problems, adding cost through fees and delays, creating friction through redundant and onerous paperwork, and opening up opportunities for fraud and crime.

As you return from the summer break, can you lead toward a COVID-Exit?

McKinsey

Strategy & Corporate Finance InsightsHere’s how to set your business on the right track for 2021 and beyond.

How To 100

Moving from cash preservation to cash excellence for the next normal

McKinsey

Strategy & Corporate Finance InsightsCompanies can build on their initial response to the pandemic to elevate their cash-management capabilities.