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Financial Transformation

The pace of evolution for many corporate finance and accounting functions is accelerating. The mandate of the CFO is expanding and the challenges they face accumulating. This blog is an exploration of these topics.

Chirag Karnik

Chirag Karnik Founder & Director at Neyo Ltd

Navigating the legacy maze: Modern solutions for financial services

When it comes to financial services, the tech landscape is changing rapidly. For many, it can prove difficult to keep up with the pace, let alone position themselves at the forefront of the digital revolution. This can have ramifications, too; with the UK's fintech sector employing over 60,000 people, competition is high. Embracing evolving techno...

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Lydia Coyle

Lydia Coyle Management Consultant at Woodhurst

The Modern Mutual - Becoming Technology Enabled

Modernising the tech stack is fundamental to becoming a Modern Mutual – prioritising automation, channel consistency, seamless customer experiences, and leveraging insights from data. Whilst modernisation isn’t just about technology, it does still play a key role in delivering a better, more efficient and digitally enabled service to your customer...

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Karim Ben-Jaafar

Karim Ben-Jaafar SVP, Software Solutions at Quadient

Easing auditing headaches: Accounts teams cannot delay the move to digital any longer

In the last few years, we’ve seen audit errors cause serious consequences. These aren’t simple fines for late accounts: it’s been impossible to ignore a string of names from the worlds of fashion (Superdry) and advertising (M&C Saatchi) having shares suspended by stock exchanges after missing auditing deadlines. This bigger-picture impact – c...

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Lydia Coyle

Lydia Coyle Management Consultant at Woodhurst

The Modern Mutual - What is your channel strategy?

To navigate the complex landscape of channel strategy, Building Societies must consider their core mission of serving diverse customer needs while adapting to changing technological trends. How do Building Societies create the optimal physical channel strategy? Preserving the human touch: Branches can remain a differentiator and a key point of val...

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Lydia Coyle

Lydia Coyle Management Consultant at Woodhurst

The Modern Mutual - Launching Innovative Products at Pace

How long does it take Building Societies to update products on the back of rate changes? Rapidly responding to market rate changes is critical for staying competitive, maintaining commercial stability and demonstrating that you are doing the right thing for your members. Speed matters: Being swift in updating your product offerings to reflect rate...

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Lydia Coyle

Lydia Coyle Management Consultant at Woodhurst

The Modern Mutual - Empowering Colleagues to Deliver Excellence

Are Building Society colleagues doing high-value tasks that drive success of the organisation? "I want employees to have more time to provide good outcomes to the customer rather than doing lots of manual work. I want the customer experience and the employee experience to be as frictionless as possible." - Phillippa Cardno, CEO of Newbury...

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Lydia Coyle

Lydia Coyle Management Consultant at Woodhurst

The Modern Mutual - Crafting Exceptional Customer Experiences

Building Societies often boast great NPS scores, but how do they ensure they are really offering an exceptional customer experience? Customers and brokers expect more than just friendly service. To ensure a great customer experience, technology, innovation, and customer-centricity must be embraced. Choice: Give customers choice in channels, product...

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Lydia Coyle

Lydia Coyle Management Consultant at Woodhurst

Making Membership Matter

How can we better explain the benefits of Building Societies and make membership meaningful for customers? Unlocking the value of membership across your Society is something that should remain front of mind throughout a transformation. Membership in Building Societies is a unique concept that can offer various benefits to individuals, but these ben...

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Shagun Malhotra

Shagun Malhotra CEO and Founder at SkyStem

3 Secrets Behind Process Improvement Success in Finance

Embrace these strategies to pave the way to financial development success in your business. Process improvement in finance is typically about identifying inefficiencies, bottlenecks, or areas where businesses can make financial operations more efficient and accurate, such as budgeting, accounting, financial reporting, and payroll processing. By op...

Yahya Mohamed Mao

Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC

Revolutionizing Finance: The EU's Digital Finance Package and Saudi Arabia's Vision 2030

In the race to embrace digital transformation, both the European Union and Saudi Arabia have embarked on distinct journeys. The EU, represented by its Digital Finance Package, seeks to revolutionize its financial landscape, while Saudi Arabia's Vision 2030 propels it towards a diversified economy. This article examines the progress made by both re...

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