Canadian executives see operational gains from generative AI, but integration lags: RSM Canada Survey
84 percent of Canadian middle market business leaders surveyed are already seeing positive returns from generative AI integration, though many lack the resources to maximize its potential TORONTO, ON–Seventy-four per cent of midsize Canadian organizations are already adopting generative AI into their business operations, according to a new survey from …
Five Canadian cities ranked among most expensive in the world for international employees; Hong Kong is leader
Determinations come from Mercer’s 2024 Cost of Living City Ranking TORONTO, ON–For the third consecutive year, Toronto is the most expensive city in Canada for international employees, according to the results of Mercer’s new 2024 Cost of Living City Ranking. Mercer, a business of Marsh McLennan and a global leader …
Nearly 40 percent of CFOs Do Not Completely Trust Their Organization’s Financial Data, According to BlackLine Survey
Year-on-year data also shows that confidence in cash flow visibility remains at a staggering low, with just 2 percent of C-suite and finance and accounting leaders expressing complete confidence LOS ANGELES, CA–New research shows that nearly 40 percent of CFOs around the world do not completely trust the accuracy of …
Millennials Weighed Down By Financial Worries: RBC Poll
by Craig Bannon With the oldest Millennials now into their 40s, RBC and Ipsos recently conducted research to ask this generation (ages 27 to 42) how they were feeling about their finances today and for the future. What our annual RBC Financial Independence Poll showed us is that Millennials are …
Research: Inside Board Directors Boost Odds of Hiring Better CEOs
TORONTO, ON–New research from York University’s Schulich School of Business shows that boards with inside directors make better decisions when it comes to hiring new CEOs. The findings are contained in the paper, “Do Insiders Hire CEOs with High Managerial Talent”, which was recently published in Review of Finance. The …
New survey data highlights potential for Canadian SMEs to increase efficiency
More than half (60 percent) of businesses believe that they will struggle to survive if they they do not embrace digital technology EDMONTON, AB–Canadian Western Bank (CWB) released its new study: Modernizing cash flow management, how technology supports growth among Canada’s small and medium-sized businesses. The report reveals that almost …
Canadians lose confidence in privacy of personal data, Interac survey finds
Majority of Canadians polled believe their data is more exposed than ever and are concerned about the threat to their privacy TORONTO,ON – Canadians feel they have lost control of their personal data. Findings from a recent survey by Interac Corp., published during Data Privacy Week, reveal nearly eight in …
Business Leaders Ready to Embrace AI, Other Emerging Technologies to Enhance Financial Operations
But Challenges Remain – BlackLine Survey Reveals LOS ANGELES — C-suite and finance and accounting (F&A) leaders around the world believe the modern business has to embrace new technologies like AI to streamline their financial operations, though many admit they may lack the requisite talent to execute on it, according …
Canadian finance teams are under pressure to deliver accurate real-time insights, finds new Sage report
New report examines challenges finance leaders are currently facing and how they are adapting to drive growth and efficiencies ● The report found that 60 percent of financial leaders in Canada said time spent on tedious manual processes inhibits their work on strategic projects ● Financial teams are under increased …
Report Finds Fraud Costs up to 22.4% from Pre-Pandemic Levels
Annual LexisNexis Risk Solutions Report finds fraud is up across U.S. and Canadian financial services firms ATLANTA, GA–The findings of the 2022 LexisNexis True Cost of Fraud™ Study: Financial Services and Lending shows some disturbing trends. This sixth edition of the report examines current fraud trends for more than 500 …