Financial services is a sector built on risks that have to be balanced out with reward. It’s an industry, however, that has always underpinned the “gut instinct” decisions that drive the industry with data science. Finance, after all, is no place for guesswork.
While the economic landscape appears bleak and the way ahead is uncharted, the CFO will play a pivotal role during these times, stabilising the business in the midst of the crisis and positioning for future regrowth and recovery.
The last decade has witnessed a sea change for the financial services industry and its adoption of advanced digital communication capabilities, with sophisticated platforms, such as content-rich company websites, now a necessity for even the most established players.
The COVID-19 pandemic has had a massive impact on day-to-day business and the strategic options of firms across almost all industries and countries. We see severe interruptions in supply chains, major challenges in the organisation of everyday business, and complex demand structures because of regulations, changes in customer behaviour, or the reemergence of country borders. These challenges along the whole value chain increase the cost of doing business for all firms – often to a point that threatens their existence. In such circumstances, investors, managers, employees, and other stakeholders all want to understand how to improve the probability of companies venturing safely and without any major financial hiccups through the crisis.
For an insight into tax preparation, we speak with John Emshwiller, the President of the Emshwiller Scheer Accountancy Company with offices in Bluffton and Fort Wayne, Indiana, and Cory Reckard – a Certified Public Accountant with over 25 years of experience.
The COVID-19 outbreak has impacted the global economy to an extent not seen since the Great Depression. Businesses face unprecedented challenges and although massive remedial actions by governments and central banks will help, the economic outlook is incredibly bleak.
Andy G. Borgia, CLU and D.K. Unger, the principals at DI 4 MDs, have collectively been advising physicians, business executives and other professionals for over 40 years and have developed great knowledge and resources when it comes to their clients’ life & disability insurance needs. We caught up with them to hear about the importance of disability insurance and the impact that the pandemic has had on the sector.
In the last five years, we’ve seen a range of brands going cashless, with contactless payments and mobile wallets becoming the new norm for many. The way we pay has reflected the broader change in our behaviours and expectations as consumers.
Even with the eventual end of lockdown restrictions, remote working is here to stay. This new age calls for new tools that can help business owners and CFOs ensure their finances remain stable even while physically separated from their teams.
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.