In this article, which formed the basis for a presentation given by the author on 23 January at the London FP&A Club, he examines the role of forecasting systems, and what can be done to improve the forecast process. Most organisations don’t have a problem with collecting a forecast, but simply ask managers what they think will happen over the next three months. Everyone will have an opinion - what they struggle with is the accuracy of those forecasts, as critical business decisions are based on them. Where the forecast has no basis in reality, who knows what damage is done to both the organisation and the way in which performance is managed?
The NASDAQ OMX Group owns and operates 26 markets, three clearing houses and five central securities depositories (CSDs) spanning six continents - making it the world’s largest exchange company. Currently its European treasury is completing a major project to achieve compliance with the European Market Infrastructure (EMIR), which is due to come into effect on 12 February 2014. In this interview with gtnews, Charles Whalen, director of treasury for NADSAQ OMX Europe, describes how the group’s EMIR compliance project was carried through under the stringent constraints of the adoption timetable.
Currency Devaluations Challenge Multinationals Selling Abroad
Currencies around the world have weakened relative to the U.S. dollar, a boon to multinationals buying supplies in dollars but less so for companies selling into those markets, and a reminder to corporates to manage currency risk proactively.
CFO Coach: Prime Resume Real Estate
On average, how long does it take before you stop listening to the person who is talking to you and begin mentally going over your remaining “to do” list, think about what you’re going to say next, or plan how you can tactfully extract yourself from the person and the conversation? Think about that the next time you are working on your resume.
Report: Canadian Dollar Tops List of Most Volatile Currencies
The Canadian dollar (CAD) surprisingly tied with the Brazilian Real (BRL) to top FireApps' list of the most volatile currencies in the fourth quarter of 2013. But for the first time ever, the euro (EUR) was not on the list.