The New Era of Risk Management
Finance and procurement leaders have seen a significant evolution in their roles and responsibilities over the last few years. Geopolitical uncertainty, tough regulation, and rapidly advancing technology have all put greater pressure on companies, in turn placing greater demands on the financial and risk management functions.
Although these leaders’ functional duties have not diminished, they must now be even more risk-aware and take a holistic approach to the business, striking a balance between the operational and strategic. With multiple operational and strategic risks to manage at all times, strengthening the integration between the risk, finance, technology, and procurement teams is crucial.
- How can finance leaders balance the demands of different areas of the business?
- How can they ensure they understand and account for the myriad of risks facing the organisation without losing focus on working capital management?
- How can they evolve their role to be more forward-facing and embrace the strategic mindset necessary for building business resilience?
- What role do people, processes, and technology play in all of this?