article thumbnail

Global Finance Teams Falling Behind in Digital Transformation, According to Report from insightsoftware and Hanover Research

Jet Global

The most prominently growing responsibility is the rise of strategic decision making at 41% (up from 29% in 2021) and internal risk management at 37% (up from 30% in 2021). The Finance Team Trends Report illustrates that, while progress has been made, finance teams are still lagging in key areas of digitization.

article thumbnail

SOX Compliance Guide

Jet Global

In a 2004 interview, Senator Paul Sarbanes said of the events that led to the act’s passage: “The Senate Banking Committee undertook a series of hearings on the problems in the markets that had led to a loss of hundreds and hundreds of billions, indeed trillions of dollars in market value.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2023’s Top Trends for Finance Teams in Europe, the Middle East, and Africa

Jet Global

The European Banking Authority (EBA) found that banks in the EMEA region were struggling to recruit finance experts with expertise in risk management, compliance, and financial reporting. This is particularly worrying given the increasing layers of global finance regulation. Request a demo today. Privacy Policy.

Finance 52
article thumbnail

insightsoftware Ranks in the Gartner Magic Quadrant for Financial Close and Consolidation Solutions

Jet Global

To be considered, product capabilities must include close management, financial consolidation, financial statement reconciliation and journal entry processing. Optional capabilities include financial reporting risk management and disclosure management. I understand that I can withdraw my consent at any time.

article thumbnail

Board Report Best Practices

Jet Global

management satisfaction. Reflection on how these KPIs can be improved or sustained going forward can also be an element to include in the report. Compliance Risk Management. A board report may contain information related to this and detail how the company is dealing with any existing exposure to legal penalties.

article thumbnail

Top 5 Trends Impacting Finance Teams in 2024

Jet Global

2024 is an important year for ESG initiatives as there has been an increase in mandatory ESG disclosures like the Corporate Sustainability Reporting Directive in Europe and the SEC’s proposed rule to disclose emissions and risk management practices for US-based organizations. Privacy Policy.

Finance 52
article thumbnail

Agility for Strategic Decision-Making: A Finance Team Imperative

Jet Global

Other related tasks that saw big jumps in prioritization for finance were “management of company’s investments,” “internal risk management,” and “short-term business strategy,” all of which carry strong strategic importance. Disclosure management (up 13 percent from 67 percent in 2021 to 80 percent in 2022). Download Now.

Finance 52