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3 Major Challenges Financial Institutions Face When Implementing Business Insight Technology

Strategy Driven

But you must also remember that any new technology you onboard will bring change to your bank’s operations—some of which isn’t welcome just yet. It’s usually the job of a bank’s chief financial officer (CFO), chief risk officer (CRO), or chief technology officer (CTO) to oversee tech implementation.

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How the CFO and General Counsel Can Partner More Effectively

Harvard Business Review

What receives far less attention is that, more and more in our increasingly complex, volatile, and fully-globalized business world, the effectiveness of such action depends on a powerful partnership between the Chief Financial Officer (CFO) and the General Counsel (GC). Compliance.

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When It Pays to Think Like a Finance Manager

Harvard Business Review

If you want approval for a new project — purchasing new equipment or computer systems, applying for a patent, building a new store — chances are you need your company’s finance department on board. To get the green light, it helps to understand how finance people think. Finance & Accounting Tool.

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How CMOs Can Get CFOs on Their Side

Harvard Business Review

This lack of an analytical approach has traditionally formed a barrier between marketing and finance. One financial services CMO told us how CFOs typically perceive his function: “We’re going to give a certain amount of dollars to those guys. They’re going to make ads and do whatever it is they do.

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Avoiding Catastrophic Failures in Process Improvement

Harvard Business Review

The analysis and design phase of a "bet your company" process change needs to be done thoroughly. Process champions must have them ready for the day when the CEO or CFO effectively says, "Show me the money.". Engage the finance organization. Finance was on board at the company in our story.

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Nonprofits Can’t Keep Ignoring Talent Development

Harvard Business Review

Education crowdfunder DonorsChoose.org, which finances classroom-based projects, is a good model of success. For example, Cesar Bocanegra started as VP for operations, then asked to take on human resources as well. As the organization has grown, CEO Charles Best has encouraged senior executives to take on increasing responsibilities.

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Case Study: Should a Female Director “Tone It Down”?

Harvard Business Review

In Sarah’s opinion, the problem was obvious: Sid Yerby, the CFO. Despite her repeated requests for comprehensive financial statements, he continued to come to board meetings with a mere two pages of analysis that lacked any explanation. had pulled her aside and asked her to stop arguing with the CFO. Some months back, J.P.