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

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. Part of the answer lies in the digital revolution unfolding in trade finance. Article Tuesday, August 30, 2016.

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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

Finance and HR: The Executive Partnership That Transformed a Company

Strategy+Business

During the next six years, their partnership helped McGraw-Hill realize more than US$23 billion in value as the company dramatically reduced costs, divested its education business, and relaunched itself as a growth-oriented operating company called S&P Global.

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.

How Blockchain Is Changing Finance

Harvard Business

After all, most financial intermediaries themselves rely on a dizzying, complex, and costly array of intermediaries to run their own operations. This industry supports a number of intermediaries, such as investment bankers, exchange operators, auditors, lawyers, and crowd-funding platforms (such as Kickstarter and Indiegogo). The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance.

Figuring Out How IT, Analytics, and Operations Should Work Together

Harvard Business

A new set of relationships is being formed within companies around how people working in data, analytics, IT, and operations teams work together. For IT to operate in the data and analytics space often takes realigning roles and responsibilities. Analytics Operations IT Digital Articl

Getting an Intricate Operation Back in Sync

Harvard Business

Facing interconnected operational issues, members of the eight-person senior leadership team were turning against one another. The director of finance grumbled that overtime costs were too high, due to high turnover and the fact that employee sick time had spiked.

How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. Even if you don’t need to know a lot about finance to do your day-to-day job, the more conversant you are on the subject, the better off you’ll be, according to Richard Ruback, a professor at Harvard Business School and the coauthor of the HBR Guide to Buying a Small Business. Stop avoiding finance because you’re afraid of numbers. “Finance and accounting are very simple.

Bringing a real-world edge to forecasting

McKinsey

To improve the accuracy of corporate forecasts, build in the physical parameters from company operations. Strategy & Corporate Finance Insights

COVID-19: How business leaders should plan ahead for the next stage

McKinsey

Here is how to adapt your operations, plan ahead, and get people working again. Strategy & Corporate Finance InsightsWhile governments battle the outbreak, businesses need to help economies come back online.

Greek Finance Minister Proposes Greece for Puerto Rico Trade: Should US Accept the Offer?

MishTalk

Greek finance minister Wolfgang Schäuble has a sense of humor. Who knew Wolfgang Schäuble, Germany’s prickly finance minister, had a sense of humor? A multi-currency system has been in operation for the last six years, with the South African rand and US dollar in use since 2009 and the Chinese yuan, Australian dollar, Japanese yen and the Indian rupee joining the list of accepted currencies in 2014. Today he said to U.S.

A case for restructuring before spin-off

McKinsey

Making big operational changes before spinning off assets can be daunting, but our research indicates that doing so can dramatically improve the odds of deal success. Strategy & Corporate Finance Insights

Simmereing Stew; Italy's Finance Minister Joins "United States of Europe" Parade; Germany's "5 Wise Men" Argue for Grexit

MishTalk

Italy's finance minister, Pier Carlo Padoan calls for ‘Political Union’ to Save Euro. Italy’s finance minister has called for deeper eurozone integration in the aftermath of the Greek crisis, saying a move “straight towards political union” is the only way to ensure the survival of the common currency. He said an elected eurozone parliament alongside the existing European Parliament and a European finance minister should also be considered. “

Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business

Given their size and appetite for diversification, these gigantic investors are a significant source of financing for many companies and governments in the developed world, and their investment activities can and do move markets. Consequently, giant funds are often hamstrung by proportionally tiny operating budgets, which have historically forced them into the all-too-happy hands of intermediaries. Innovation has the potential to transform the investment industry.

Made in France: Montebourg Ridiculed in Text and Pictures; France Goes After "Red Bull" Energy Drinks to Finance Social Security

MishTalk

When telecom operator Free was awarded the fourth mobile license in France and launched its very low cost service, Montebourg said that Free had done more for purchasing power of French people than all the actions of then president Nicolas Sarkozy.

Seeing your way to better strategy

McKinsey

Viewing strategy choices through four lenses—financial performance, markets, competitive advantage, and operating model—can help companies debias their strategic dialogues and make big, bold changes. Strategy & Corporate Finance Insights

A welcome change in lease-accounting rules

McKinsey

New rules will mean better estimates for investors, but they should have little to no effect on how companies operate and create value. Strategy & Corporate Finance Insights

Who Needs An Operating Plan? Look in the Mirror

Henman Performance Executive

Who Needs An Operating Plan? You don’t want your operating plan to concentrate on the past—to focus on the reflection in the rearview mirror. Instead, your operating plan should be a kaleidoscope that exhibits various symmetrical patterns that reflect the loose bits of information you have aggregated. It includes the programs your organization will complete within a year to reach your strategic objectives in four major areas: finance, customers, processes, and people.

A time for boards to act

McKinsey

According to a new survey, directors see good operations and effective execution of key board activities linking with stronger self-reported performance, suggesting that value can flow from improving the way boards work. Strategy & Corporate Finance Insights

Lessons Learned from a German EMBA

Tom Spencer

In the fall of 2015, after spending two years in a small town in the Ruhr Valley starting to learn German (I will appreciate Mark Twain’s perspective on the sprache so much better going forward), I moved to Frankfurt to begin my Executive MBA at the Frankfurt School of Finance and Management.

Do you have assets?

Tom Spencer

From this perspective, assets will be resources that are owned or controlled by an organisation, and which can be used to better operate the business. This will include things like brand recognition, scale of operations, network effects, and proprietary technology. (Source: Flickr ).

Do you have assets?

Tom Spencer

From this perspective, assets will be resources that are owned or controlled by an organisation, and which can be used to better operate the business. This will include things like brand recognition, scale of operations and proprietary technology. (Source: Flickr ).

Greece Bank Deposits Drop to 11-Year Low; Creditors Offer 6 Month's Financing; Round One of Saga Nearly Over

MishTalk

Financing Dangle Please consider Merkel, Hollande Dangle Financing Before Greece's Tsipras. In spite of the Troika threatening to expel Greece from the eurozone and EU, the "damage control" operation starts as soon as default occurs.

Driving Sustainable Growth at an Inflection Point

Brimstone Consulting

Brimstone worked side-by-side with an early-stage consumer goods organization to pursue its vision, build a strategic plan, develop roles and operating mechanisms, and to drive sustainable growth at a challenging inflection point. CASE STUDY. Revenue increased by 34 times.

What is consulting?

Tom Spencer

This might include advice on asset management, tax structuring, or capital structuring to reduce financing costs and sources of risk (e.g. Operations Consultants: Operations consultants are consultants who help clients improve the performance of their operations.

Disruptive Startups Get Funding More Easily, but Less of It

Harvard Business

Two coders manually assessed if a startup’s profiles did or did not articulate a vision to fundamentally change its industry, disrupt the industry’s existing power structures, or alter the way the industry operates. Entrepreneurial finance Venture capital Digital Article

It’s Time for Companies to Be Strategic About Energy

Harvard Business

But to me, the most fascinating thing about the whole initiative is the organizational mindset shift it’s creating: a realization about the value of getting smarter about how — and where — operations use energy. Operations in a Connected World.

How Industrial Firms Invest in Renewable Energy, Affordably

Harvard Business

Under this financing structure, the company contracts to buy kilowatts, not the turbines and panels. They had framing conversations with the CEO and CFO early on to discuss any financial or operational challenges. Big companies have been buying a lot of clean energy lately – 3.5

Research: The Digitization of Banks Disproportionately Hurts Women Entrepreneurs

Harvard Business

As banks rush to digitize their operations , many have found that closing their local branches can help maintain a high return on an otherwise pricy transformation. In Sweden, for example, the portion of approved bank loans to small and medium-size enterprises has decreased by 15% over the last 10 years , and roughly 60% of all ventures in need of external financing have reported difficulties in accessing financing for their investments. Veronica Grech/Getty Images.

The Market Punished “Panama Papers” Firms to the Tune of $230 Billion

Harvard Business

One needs to set it in relation to the fact that it’s not the main operation of these firms to be operating in offshore locations. What it might reflect is that they may be punished for avoiding sanctions or even financing corruption through offshore vehicles.

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The Questions Executives Should Ask About 3D Printing

Harvard Business

Leaders of corporate strategic development need to analyze all of these considerations and be prepared for disruption to ripple through many functions — not just product development and manufacturing, but also finance, tax, legal, human resources, and IT. Most hearing aids in the U.S.

Joint Ventures Reduce the Risk of Major Capital Investments

Harvard Business

The latest nuclear reactor designs, promising higher safety, longer operating life, and lower operating costs, cost up to $25 billion after factoring in the huge budget overruns. Model 1: Virtual operator. Operations management Manufacturing Risk management Digital Article

Bogus Audited Statements Are Holding Africa Back

Harvard Business

Investors are genuinely concerned that regulators are incapable of making sure that published financial statements of companies in their exchanges accurately reflect the true operating positions of the firms. Auditing Finance & Accounting Recession Africa Digital Article

Consultant Ninja: Whither art thou Marakon: Management.

Consultant Ninja

Can anyone from Marakon weigh in and explain whats happening inside its "operating subsidiaries"? NEW YORK -- Marakon, the international management consultancy and Integrated Finance Limited (IFL), a financial advisory firm, are merging. The Chapter 11 proceeding does not include the Companys operating subsidiaries, including its consulting subsidiary, and their operations will not be affected. skip to main | skip to sidebar. Consultant Ninja.

The Perils of Internal Disruption (Part 3)

Markovitz Consulting

But when it comes to internal operations at least, disruption is often both bad for business and for employees, because it causes unevenness in work. Similarly, most finance departments in large companies cut their activities to a bare minimum during the month-end close of the books, which often can take up well over a week. “Disruption” has become another business buzzword that obviates the need for prudent, careful thought and consideration.

The Unique Value of Crowdfunding Is Not Money — It’s Community

Harvard Business

Further, we find that this success comes from the support of other women, and especially when the female project creators are operating in a male-dominated space, such as technology or video games. Entrepreneurial finance Digital Article

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