All articles by Web Asia
Web Asia
What shall we lease?
The transition to the new leasing standard IFRS 16 brought challenges for many businesses – a situation complicated by the Covid-19 pandemic. Jim Banks speaks to the International Financial Reporting Standards Foundation (IFRS) and Professor Thorsten Sellhorn from the European Accounting Association to discuss how those problems have been surmounted and how they will inform future standards.
Looking into the future of AR automation
In the digital age, when transactions are expected to be smooth and seamless, many organisations still face disruption and delays in their order-to-cash process, the knock-on effects of which can be detrimental in terms of working capital, customer relationships and business growth. Here, Finance Director Europe looks at how automation of accounts receivable can put a company’s data to work – and unlock new opportunities for value creation.
Increasing visibility with deduction metrics
Days deductions outstanding (DDO) is a vital measure in an organisation’s accounts receivable, and a key indicator of its financial health. When leading global brand Danone sought to tackle its deductions metric, it turned to fast-growing fintech company HighRadius for clear results.
Staying one step ahead of the AR curve
Through AI, automation and data science, HighRadius is helping clients to move to a world where manual accounts receivable processes are a thing of the past. Chief product officer, Sayid Shabeer guides us through the company’s journey of innovation.
Net zero: How National Grid plans to meet sustainability goals
With the planet warming at an alarming rate, a group of 48 CFOs recently signed a statement in support of Accounting for Sustainability’s global net-zero emissions targets. Tom Monroe speaks to National Grid CFO Andy Agg, one of the signatories, to discuss the initiative and the company’s progress in meeting its ambitious sustainability goals.
Cyberattacks: Analysing resilience strategies of Bank of England
Today’s banks can expect cyberattacks to occur on a much more regular basis. Fortunately, the Bank of England is taking a proactive stance in ensuring companies’ resilience strategies are up to scratch – as Paul Williams, the regulator’s senior technical adviser for operational risk and resilience, tells Ross Davies.
Hotel industry: Coping with the Covid-19 crisis
Sergio Amodeo has been in the CFO role at Radisson Hotel Group since 2019, taking over from long-serving CFO Knut Kleiven. It has been a challenging initial period as he gets to grips with the role while dealing with the fallout from Covid-19, but Amodeo remains optimistic about the future. James Kingsland speaks to him to find out how Radisson and the wider hotel industry is coping with the crisis, and what the company is doing to ensure it emerges from the pandemic in a stronger position.
CFOs: The need to adopt and embrace new technologies
Finance Director Europe’s virtual CFO symposium, which will take place in March 2021, will be an opportunity to meet some of Europe’s top finance directors at FTSE 100 and Euronext companies, including Ken Bowles, CFO of Smurfit Kappa. Stephen Hall looks ahead to this highly anticipated event and talks to Bowles about the history of the role, recent developments and how the CFO position has adapted to massive upheaval over the past decade.
IFRS 16: How IASB facilitated swift progress in implementation
In the four years since it was first announced, IFRS 16 has not only made businesses think differently about lease accounting, but it has also had to respond to changing market conditions. More recently, the Covid-19 pandemic has hit the heart of lease income and structural changes in the market have made new amendments unavoidable. Justin Moore talks to International Accounting Standards Board chair Hans Hoogevorst and vice-chair Sue Lloyd about how the organisation has been getting up to speed with the changes.
Climate change: How business influencers can make difference
While the pandemic has dominated headlines, wildfires and adverse weather conditions are a reminder that climate change is still a prevalent danger. The World Economic Forum’s (WEF) latest Global Risks Report has once again emphasised that global warming is the greatest threat to the planet. Tim Gunn talks to Emily Farnworth, head of climate change at the WEF, about how business influencers can make a difference and why the time to act is now.