Accounting for Rapid Change in Corporate Finance

Corporate financial management is being transformed by emerging technologies. Futurist Jack Uldrich will discuss the opportunities and challenges this could create for policymakers.

Futurist Jack Uldrich

Finance futurist Jack Uldrich is in New York City today to keynote the Financial Executives International's 37th Annual Current Financial Reporting Issues (CFRI) Conference. As a speaker at the conference, Uldrich will join financial executives from many of the largest and most successful corporations in the country who will be sharing their insights on financial reporting at the many sessions being offered to attendees. These organizations include Ernst & Young LLP, Aetna Inc., Deloitte, American Express, Intel, Cigna, PwC, Google and Microsoft. 

Uldrich's presentation "Business as Unusual: The Big AHA!" will address the opportunities and challenges that a rapidly changing world could create for the executives in corporate financial management.

The work I do is all about helping organizations prepare for the coming technological changes so that they can effectively navigate and determine the course of their future.

Jack Uldrich, Finance Futurist Jack Uldrich

"AHA" is Uldrich's acronym for Awareness, Humility and Action, which he says "are the cornerstone of great leadership." He also says the Big AHA is a "sure-fire way to brace your organization against the transformational trends of tomorrow, today."

The many trends and technologies that Uldrich believes will have a profound impact over the next decade include blockchain technology, artificial intelligence, big data, peer-to-peer lending, the internet of things, the sharing economy and advanced workforce automation platforms and tools. 

For example, blockchain technology, which is a distributed, digital ledger that is best known as the technology used to create Bitcoin, is already forcing industry leaders to question business practices that have been the status quo for decades. Heavy investment into blockchain-related technology by some of the largest financial institutions in the world signals just how much it could impact the future of finance. 

Uldrich says, "The technology has the ability to do more than just disrupt how money is distributed> It has the potential to decentralize the internet by making it easier and more affordable to verify products, contracts and even transactions among individuals.

"The technology that is coming will drive seismic change and deliver paradigm-shattering transformation to nearly every facet of society, including accounting. The work I do is all about helping organizations prepare for the coming technological changes so that they can effectively navigate and determine the course of their future."

In addition to making attendees aware of the major trends transforming accounting and auditing, Uldrich will explain why leaders must demonstrate humility in the face of rapidly changing regulations and disruptive business models. He will then conclude his remarks by identifying concrete actions corporate finance leaders can take today in order to future-proof themselves against “the tides of tomorrow.”

Uldrich is a prolific speaker on future trends in wealth management, finance and banking. He speaks to dozens of finance groups globally each year, including some of the biggest names in these industries. His clients in the financial sector include Institutional Investor Institute, Banamex, Global Atlantic, Invesco, Thrivent, Atlantic Trust, TD Bank, Wells Fargo, Segal Rogerscasey, Stockbridge and Questar Capital.

Parties interested in learning more about Jack Uldrich, his books or his speaking availability are encouraged to visit his website.

Source: Jack Uldrich & The School of Unlearning

Related Media