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Wednesday, October 21st 2020

This week in
Consulting

What is digital distruption for Corporate Finance?

This week’s must read

Is Corporate Finance immune to Digital Disruption?
How quick and strong can digital disruption rattle the capital- and risk- centric corporate finance world? We provide a glimpse at five key trends.

 

In the corporate finance world, corporate clients think about how banks’ financial instruments can fill liquidity gaps and optimize risk exposures. This article describes each trend and examines its potential impact on corporate finance lifecycle. How quick can digital disruption rattle the corporate finance world? Are you prepared for it?

This Week’s Must Read is an insight piece from Detecon about the impact of digital disruption in Corporate Finance.

  @Detecon

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Thought Leadership

Pandemic’s impact on new world of corporate finance
Looking ahead, financial institutions will need resilient, secure and scalable technology to operate

 

The COVID-19 pandemic has certainly disrupted the world of corporate finance. The function is facing a reckoning across a wide spectrum of areas. How can companies turn these changes into unique opportunities, and what will be the impact of COVID-19 on the future of corporate finance in Asia?

Taran Khera@Bloomberg

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Planning for uncertainty: Performance management under COVID-19
Companies need a new approach to financial planning and performance management—one that informs rapid realignment of plans and actions and ensures organizational resilience.

 

COVID-19 has made financial planning and performance management even more difficult. Companies’ existing plans will need to be revised due to the rapidly changing global health situation. But how do we plan in this environment when we don’t know what is going to happen?

Ankur Agrawal, Kapil Chandra, Matthew Maloney, and Michele Tam @Mckinsey

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An Agile Approach to Budgeting for Uncertain Times
The pandemic is making the annual process even more challenging.

 

Budgeting processes are frustrating, especially in these uncertain times: tedious templates, endless financial forecasts, haggling over targets and battling for resources. Beyond the control it provides, are your plans flexible enough to focus on what really creates value?

Darrell K. Rigby, Joost Spits, and Steve Berez @Bain & Company for HBR

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Council Post: The Future Of Digitized Workflows In Corporate Finance
To future-proof their investment in modern digital process management tools, what should CFOs look for?

 

The Covid-19 crisis is clearly accelerating digitalization. It’s time corporate finance departments take a good look at their internal operations to understand what can be automated and what additional value can be delivered to their organizations.

Havell Rodrigues@FinTech Entrepreneur for Forbes

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This week’s Consulting News

Blackstone Group-backed Finance of America to go public via a blank check
The Blackstone Group Inc (NYSE: BX)-backed Finance of America Equity LLC is planning to go public through a

| @PageOne

Goldman Sachs profits nearly doubles, helped by trading
CHARLOTTE, North Carolina (AP) — Goldman Sachs said Wednesday that its profits jumped sharply in the third quarter, helped by a strong performance by its trading desks and less need to set aside funds to cover potentially bad loans. The...

| @The Seattle Times

Veritas Intercontinental closes €5 million of new financing to expand its leadership in preventive genomics
/PRNewswire/ -- Veritas Intercontinental, a leader in the application of preventive genomic medicine, has completed a new financing of €5 million that...

| @PRNewswire

Global exhibitions market value nosedives 70% due to Covid-19
With many of the world’s largest corporate exhibitions having been cancelled due to the coronavirus pandemic, the global exhibition industry has seen 70% of its value wiped out.

| @Consultancy.uk

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This week’s media

Bahea Izmeqna, Chief Operating Officer at Greensill explores why data is an icon to show business growth, mitigating risk, and exposure through data and the power of digitization to enable Greensill to scale geographically.

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