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.

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

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.

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

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.

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.

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.

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.

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.

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.

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. “

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

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.

Who Needs An Operating Plan? Look in the Mirror

Henman Performance Executive Blog

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 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

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 ).

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

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.

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 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.

Consultant Ninja: What to put on a consulting resume (part 3 of a.

Consultant Ninja

In my years of being involved with MBA recruiting, Ive never been able to hire a former special forces operator, but Ive been dying to come up with the right reason. skip to main | skip to sidebar. Consultant Ninja. Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Wednesday, December 10, 2008. What to put on a consulting resume (part 3 of a continuing series).

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 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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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.

How Banks Can Compete Against an Army of Fintech Startups

Harvard Business

Moreover, in instances where borrowers want to shop and compare myriad options in one place, they turn to online credit brokers like Fundera or Intuit’s QuickBooks Financing for a one-stop shopping experience. The choice of strategy depends on how much investment of time and money the bank is willing to make to enter the new marketplace, and the level of integration the bank wants between the new digital activities and their traditional operations.

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

The Data Says Climate Change Could Cost Investors Trillions

Harvard Business

Will that asset be operational or retain its value over the normal depreciation period? Economy Sustainability Finance & Accounting Digital ArticleAn important new study , published in the journal Nature Climate Change, says that climate change will be expensive. Extremely expensive.

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

Does Your Startup Have a Spending Strategy?

Harvard Business

They were both naïve to think that creating a high-expense, polished operation would automatically enhance their business. Entrepreneurial finance Budgeting Costs Entrepreneurial management Digital ArticleCatherine Ledner/Getty Images. Starting a new business involves a host of challenges, and chief among them is knowing what to spend your money on—and how much to spend. You have to consider salaries, marketing budget, office size, technology services, and on and on.

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

A Blueprint for Digital Companies’ Financial Reporting

Harvard Business

Investors, therefore, look not just for reported revenues but for drivers behind the revenues, especially because digital companies’ operating activities often differ from their revenue-generating activities. The first category should describe the amount spent on supporting current operations. The company should then leave it to investors’ judgement whether those outlays should be treated as investments, premiums for purchasing call options, or as operating expenses.

Using Online Platforms to Boost Your Billings

Successful Independent Consulting

SpareHire is an online work marketplace for finance and consulting projects.” TalMix is a bidding marketplace, offering consulting opportunities in strategy, market research, due diligence, competitive intelligence, operations, and program management. Photo ID 40184079 © Ratz Attila.

How One Hospital Improved Patient Safety in 10 Minutes a Day

Harvard Business

And we mean everyone — not only the inpatient and outpatient teams but even people in HR and Finance. Operations Leading teams Collaboration Healthcare Digital ArticleKelly Sillaste/Getty Images.

Rethinking How Medicaid Patients Receive Care

Harvard Business

Using this approach to build each new Medicaid team, we then armed the primary care team with the operating structure, data, and incentives needed to create engagement with our patients wherever they are, enveloping them with compassion and the latest in evidence-based care.