FRSGlobal

Chief Financial Officer / VP Finance / Finance Executives

As a CFO or VP of Finance in a financial services firm, your primary responsibility is managing the financial integrity of your business. Within the context of the current economic environment, the day-to-day challenges of setting and managing budgets, forecasts, expenditures, and working capital are even more difficult than they were even a few years ago. Ensuring the financial transparency of your firm takes on additional dimensions with more oversight by stakeholders and regulators. The ongoing allocation of working capital becomes more difficult with changing regulations around reserves, and more internal oversight required over financial and operational risks across your enterprise and business initiatives in multiple geographies and across multiple lines of business. All this sits on top of your need to provide timely reporting to stakeholders, and required reporting to regulators.

Key Challenges

As financial firms are pressured for higher performance, regulators increase their oversight, and working capital availability is pressured, you may be experiencing some or all of these typical challenges:

• measuring and managing the quality and integrity of financial control systems, with the need to drill down into supporting data when required for ad hoc reporting and deeper insight
• procuring regulatory reporting and risk management solutions for your enterprise, departments, or individual lines of business
• reviewing a complete view of risk and reporting across your enterprise
• supporting informed decisions on risk-related business opportunities
• managing resources who utilise cutting edge capital and liquidity planning tools
• acquiring a single set of data on a timely basis that feeds risk, regulatory, and financial systems and ensures information integrity
• supporting the implementation and maintenance of effective control systems
• achieving high confidence in your financial and regulatory reporting processes and outcomes
• aligning business and investment priorities, and ensuring that resources are allocated appropriately.

How We Help

Wolters Kluwer/FRSGlobal recognizes the unique challenges of the CFO and VP of Finance. Our solutions are designed and proven enterprise systems, with over 15,000 customers worldwide.

Specifically, we can help through all of these key elements of our product and service offerings:

• global expertise in compliance, risk management, and regulatory reporting to supplement the expertise of your staff
• complete enterprise-wide views on risk and reporting data to support executive dashboard monitoring and drill-down when required
• providing a single, reconciled and cleansed data warehouse (“single view of the truth”) to enable effective and efficient regulatory, risk, financial, and MIS reporting
• the ability to analyse and forecast your capital needs with support for risk-based scenarios to support potential business decisions
• support for timely and quality reporting to all regulatory bodies where you do business
• tools to support ad hoc reporting and analyses to support queries from multiple stakeholders
• staff training, education, and certification to ensure your firm is effective in the markets served and meets regulatory thresholds
• the ability to tap into our base of over 400 regulatory, risk, and compliance experts for best practices and practical guidance and advice
• the assurance that we can support you in understanding risks across your enterprise, and surfacing potential issues through use of leading indicators
• deliver and deploy proven enterprise systems based on industry standard technologies to reduce your operational and financial risks and enhance the productivity of your staff.

Next Steps

For more information, check out the Solutions section, or contact us for more information.