Jonathan Howe’s Post

As part of the #FinanceTransformation series, I had the chance to share our knowledge in managing and enhancing the quality of finance & risk data and quality of reporting. Interested in how we can assist you in boosting your #FinanceFunction to the next level? Feel free to reach out to me or one of my colleagues for further details. Financial Institutions are still working to get their finance & risk data capability to optimal levels. In this fifth blog of our Finance Transformation series, Ruurd van der Ham, Paul Rothwell, Inge van Zon-Zeilstra en Danique Miedema explore the role of Finance and Risk in managing and enhancing the quality of data for use within internal and external (financial) reports. We discuss the challenges regarding source data and financial data, and the role of the group entity in relation to that of its subsidiaries. We also take a look at the difference between data governance and reporting governance. For the full article please follow the link: https://lnkd.in/eFmjRejY Curious about the other four blogs in our Finance Transformation, which contain practical deep dives with insights on how financial institutions are transforming their Finance Function? Follow this link for our blog series: https://lnkd.in/ewSFCN33 #kpmgnederland #financialservices #togetherforbetter

📢 📢 📢 Are you ready to see our new Demo Center? Explore how our platform stands out as THE ONLY platform that integrates financial reporting, ESG, audit, and risk. If you're in sustainability, finance, accounting, audit or risk, check out our demos highlighting the strength, flexibility and versatility of Workiva. 👉Explore the Demo Center: https://lnkd.in/gjfB6hJM #DemoCenter #Workiva #Sustainability #Finance #Accounting #Risk #ESG #Audit #FinancialReporting #IntegratedReporting

CSRD: Action for CFOs and finance teams 🎯 With CSRD, CFOs and finance teams are pivotal in driving sustainability forward. By integrating ESG factors into financial planning and reporting, they enhance risk management and unlock long-term value for their organizations. As companies implement CSRD, financial teams can support the transformation and are involved in the following activities: 1️⃣ Double Materiality Assessment: - Collaborate with sustainability teams to estimate the financial impact of ESG risks and opportunities over short-, medium-, and long-term periods 2️⃣ ESG Accounting: - Integrating ESG data into financial reporting. - Choose relevant ESRS data. - Ensure financial data related to ESG is accurately reported. 3️⃣ Strategic Communication: - Understand links among CSRD, SFDR Principal Adverse Indicators (PAIs), and EU taxonomy, to communicate with investors and banks. 4️⃣ Value Creation & Business KPIs: - Assess financial impacts of ESG risks and opportunities. - Align business KPIs with sustainability goals, linking them to financial performance through the taxonomy. Key takeaways: In short, CFOs and finance teams, working closely with the sustainability team and CSO, play a key role in integrating sustainability into the business strategy, ensuring CSRD compliance, and driving long-term value. CSRD Reporting is a team effort that requires collaboration between internal and external stakeholders Want to know more about CSRD and its steps? Join our CSRD Kickstarter Program! https://lnkd.in/g8NN54me #Sustainability #Finance #CSRD #accounting #CFO #ESG #CSRDkickstart

𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐢𝐧 𝟐𝟎𝟐𝟒 📈 The landscape of financial planning is evolving, and staying ahead requires embracing new pillars. From eXtended Planning and Analysis (xP&A) to predictive planning and ESG alignment, finance leaders are rethinking their strategies. Our latest insights delve into these transformative pillars and how they can drive better decision-making, operational alignment, and sustainable growth. Discover why it's time to adopt a new approach to enterprise financial planning. 🌐 Learn more: https://lnkd.in/eXBTa52v #FinancialPlanning #EnterpriseFinance #BusinessTransformation #ESG #xP&A #CFOagenda 

💡 The long term success of a business is no longer solely defined by its financial performance. Adopting an integrated reporting approach that merges #financial, #ESG, #GRC data into a cohesive narrative provides a distinct advantage that offers a clearer view of a company’s overall performance and potential risks. 👉 Read more about Workiva’s op-ed in The Business Times by Erik Saito, Workiva SVP and GM, APAC & EMEA, on how senior finance leaders can unlock intrinsic value with integrated reporting: https://lnkd.in/gkW9m7qy

Financial Institutions are still working to get their finance & risk data capability to optimal levels. In this fifth blog of our Finance Transformation series, we explore the role of Finance and Risk in managing and enhancing the quality of data for use within internal and external (financial) reports. We discuss the challenges regarding source data and financial data, and the role of the group entity in relation to that of its subsidiaries. We also take a look at the difference between data governance and reporting governance. For the full article please follow the link: https://lnkd.in/eEkQCzeT Curious about the other four blogs in our Finance Transformation, which contain practical deep dives with insights on how financial institutions are transforming their Finance Function? Follow this link for our blog series: https://lnkd.in/eKJMBd_x #kpmgnederland #financialservices #togetherforbetter

FRC Annual Review Highlights: FTSE 350 reporting quality holds strong, but challenges remain The Financial Reporting Council (FRC) has released its annual review of corporate reporting, offering key insights for all stakeholders. Key Takeaways: - Positive trends: FTSE 350 reporting quality remains high, with improvements in areas like provisions and contingencies. Fewer companies faced scrutiny regarding judgements and estimates. - Areas for improvement: Restatements related to asset impairment and cash flow statements increased, particularly outside the FTSE 350, highlighting a potential quality gap. - Focus on materiality: Emphasizes importance of concise and relevant reporting, urging companies to avoid immaterial information. - Sustainability reporting: Despite complexities, premium-listed companies demonstrated relatively good compliance with TCFD framework reporting. The FRC encourages companies and auditors to review the report carefully to avoid similar reporting issues in the future. https://lnkd.in/e9F3nz_9 #corporatereporting #FRC #financialreporting #TCFD #sustainabilityreporting

📢 With only a minority of CFOs having a comprehensive long-term vision, there's an urgent need to reimagine finance functions. 🔦 As highlighted by our latest report, finance teams are poised to take on more strategic roles, requiring a blend of digital, data, and sustainability skills. ❓ Are you prepared to lead? 👉 Explore actionable recommendations and strategies to ensure your finance function remains relevant and impactful in Ruth McNamee's article with the Business Post here: https://bit.ly/4g149Pc. #CFO #FinanceTransformation

Many businesses are starting the process of preparing their annual #reporting suite. The best option, by far, is #integratedreporting. Here's why.   Most investors agree that #sustainability issues have financial implications, especially over the long term. A revolution in capital allocation is the result. Bloomberg estimates that global ESG assets are on track to exceed US$53 trillion by 2025, representing more than a third of the US$140.5 trillion in projected total assets under management; 88 percent of institutional investors now subject ESG to the same scrutiny as operational and financial considerations.   There is now compelling evidence that a holistic view of #valuecreation is needed to achieve business success in the 2020s and beyond. This idea is known as #integratedthinking – the process of understanding of how your activities and relationships work together to create value for your business over time. Integrated reporting goes hand-in-hand with integrated thinking. Relevant to both internal and external audiences, it outlines how your company’s strategy, governance, performance, and prospects create value over the short, medium, and long term.   As the IFRS Foundation explains, the process of producing an integrated report will help to break down internal silos (e.g. the finance, risk and sustainability teams might cooperate closely for the first time), reduce duplication in your reporting efforts, and help you respond to the expectations of investors. Your annual report is the best opportunity you have to articulate why your business is valuable. Don't waste the chance.   Benefits of integrated reporting: - Clarify how your business creates value - Respond to regulator and investor expectations - Align with IFRS (ISSB) reporting best practice - Enhance ESG ratings and credibility - Break-down internal silos - Reduce duplication in reporting

Effective cash and working capital management are essential for stability and growth. With KPMG US Elevate’s Cash and Working Capital Advisory, organizations gain a structured, data-driven approach to optimizing liquidity and enhancing cash flow. Our advisory services focus on uncovering areas for improvement in cash management, addressing inefficiencies, and implementing practical solutions to increase resilience. Discover how businesses are strengthening their financial health with disciplined cash management strategies: https://lnkd.in/g7fhqGfJ. #KPMGDealAdvisory #KPMGStrategy #CashManagement #WorkingCapital #FinancialHealth #BusinessAdvisory