Financial Management summary report Reply

Financial Management summary report imageHere we introduce you to our sixth Business Perspectives summary report in the series, which concludes the financial management quarter.

This report takes a look at the wider world of Financial Management and the latest trends relating to organisation, data, responsibility, people and customer 3.0.

We invite you to download and share the report and send us any comments. If you would like to contribute your perspective towards future themes, please contact our Business Perspectives Editor at oubs-alumni@open.ac.uk.

Click here to download the report.

Responsible Financial Management webinar ON DEMAND! 126

Did you miss the latest webinar held on 12 March? If so, you have the chance to listen again to the panellist’s contribution and watch video highlights from the Responsible Financial Management Thought Leaders Roundtable discussion, which took place on 20 February 2014 in London.

Facilitating the virtual event was OUBS MBA alum and Associate Lecturer Peter Wainwright, Director, Askyra Limited. Our webinar panellists included Dr Devendra Kodwani, Associate Dean, Learning and Teaching, OUBS; Anthony Nutt, previously Fund Manager, Jupiter Fund Management PLC (recently retired); and John Thompson, Managing Director at Trans Capital Associates.

You can now view the webinar on demand.

You can also see what delegates had to say about the event on Twitter, and get the latest updates on events, offers and thought leadership pieces by following us @OUBSchool #OU_BP

Risk Management Remains Financial Priority for Large Businesses Reply

Laurence WebbGuest blogger: Laurence Webb for AMEE (Avoiding Mass Extinctions Engine). Founded in 2007, AMEE (@ameeHQ) uses data and technology at scale to address critical business sustainability challenges and enable more intelligent use of resources. 

New research based on over 250 treasury and finance professionals demonstrates that managing financial risk is by far and away the top priority for major organisations.

Chinese steel manufacturers

News that the financial health of Chinese steel manufacturers is becoming critical demonstrates how financing difficulties and the failure to better manage supply and demand can spell potential ruin for an entire industry

The need to manage financial risk is indicative of the current economic mood, for example political uncertainty in the Eurozone and the latest growth data released by China.  

Such uncertainty undermines the value of cash flows, financial positions and business contracts.  

The research by treasury management firm Kyriba indicates that visibility over global cash flows is integral to dealing with financial risk.  

For example, daily reporting of a company’s bank accounts is no longer sufficient. Instead there needs to be real-time account automation and cash-flow insight, enabling organisations to deal with the risks, costs and barriers of moving cash between regions. 

Supply Chain Management

Another significant risk raised by the treasury and finance professionals pertains to the supply chain.  According to the research one of the most effective ways to mitigate supply chain risk is the ability to accurately predict revenue streams from certain customers. 

This in turn helps to identify potential business exposure, for example: “If supplier x cannot meet production requirement y, we put our relationship with customer z at risk”. 

That is why visibility into future cash flows is one of the most important risk management tools that a treasurer and CFO can have. 

Treasury management technology enabling visibility into financial assets, market liquidity, interest rates, currency fluctuations and commodity prices holds the future for better risk management decisions.  

This post was originally published on the AMEE blog. Tyler Christie, CEO of AMEE, has given permission for republication as Laurence Webb has since left the organisation.