Artificial Intelligence and new digital innovations are revolutionising the way accountancy and advisory services are delivered, yet this throws up more rather than fewer challenges for the leaders of the profession.

While technology can streamline processes, it cannot replace the human intuition and experience that can make the difference between a successful outcome and a disappointment.

As business leaders survey the “new normal” of the post-Covid landscape, they are increasingly realising that long-term success hinges not just on profitability but on resilience, responsibility and technological foresight.
 

Ambitious mid-sized companies that embrace ESG principles have benefited financially but now they are nervous about a new wave of regulation that will compel them to vouch for the sustainability of every link in their global supply chains.

Gender and generational dynamics are key factors in the implementation of successful ESG strategies but are often overlooked in the debate about the impact companies have on the environment and their governance structures.

New Artificial Intelligence tools can help companies extract maximum value from investment in ESG (Environmental, Social and Governance) amid worries about the amount of time, effort and money required to comply fully with a growing list of compliance requirements.

Suppliers in the automotive industry are facing difficult decisions about retooling factories for the electric vehicle revolution just as the world’s leading car makers are signalling that EVs are not the only way forward they are considering. This all makes investment decisions more complex.

Financial services companies will face increased pressure this year to prove that their products are trusted by customers – and do not lead to them being worse off.
 

International hotel operators, owners and investors are looking to the future with confidence after a remarkably strong year in which astute resource management and increased digitisation have helped sharpen performance and boost profitability.

Everything has changed in the media landscape in the aftermath of the Hollywood strikes that united writers and actors last year. The result is 2024 will see the emergence of new business models, AI embedded in the creative process and the emergence of new centres of production.

The global real estate sector is experiencing changes that will redefine the concept of a core property portfolio. Emerging categories will attract more funds while some traditional segments fall from favour amid concerns over occupancy, value and underwriting risk.

The digital transformation we are witnessing in manufacturing and distribution has been likened to a fourth industrial revolution and the rate of innovation will accelerate in 2024.

A significant majority of mid-sized companies in key economies believe that hybrid working has had a positive impact on productivity and have increased support for this flexible way of operating since the global pandemic.

Support for working from home has increased across all sectors apart from hospitality and tourism, according to a Moore Intelligence survey conducted among almost 2,000 business leaders in 12 key economies.

Embracing ESG (environmental, social and governance) principles and practices generates a significant revenue boost for ambitious mid-sized companies, according to a wide-ranging Moore Intelligence survey.

The majority of ambitious, mid-sized businesses across the world see artificial intelligence, or AI, as a growth opportunity despite the ongoing debate about the technology’s impact on humanity.

The pace of technological change in financial services has quickened significantly, putting the sector at the forefront of rolling out artificial intelligence (AI), machine learning and blockchain.

For CEOs in manufacturing, the end of 2022 feels like coming up for air after swimming 10 laps of a pool underwater. Few thought they would manage at the outset, some had to be hauled out after struggling through a few laps but the majority found their stride and made it to the end.

Bottom line benefits of adopting ESG practices

Companies that have embraced the ESG (environmental, social and governance) agenda in recent years have enjoyed a significant boost to the bottom line as well as wider strategic benefits, according to new research by Moore Global.
 

Banks pride themselves on being the glue that holds together business empires and, indeed, whole societies. Boring, solid but indispensable: those have been the watchwords since the Medici invented modern banking 550 years ago.

The travel industry faces an uncertain holiday season for the third year in a row as the economic ripples of the Ukraine conflict are amplified by the persistence of Covid in many key tourist markets.
 

Succession planning is the latest aspect of business life where the ESG agenda is having a profound impact. Handled correctly, it could resolve many of the thorny issues company owners face in attracting talented young staff and promoting leaders of the future.

Economic responses to the Covid pandemic created favourable conditions for corporate deal-making, with cheap money and low inflation driving demand and valuations higher.

Businesses across the world are being buffeted by a new industrial revolution but this one feels very different to what’s gone before. Where previous revolutions were technology-led, this time around change is also being driven by people radically reappraising their roles in the workplace.

Not so long ago marketing was all about the Mad Men of Madison Avenue; Don Draper slugging back three whiskies before 10am then making a barnstorming pitch to out-of-town bosses who were in awe of his talent to spin a killer catchphrase.

ESG expert Kris Russell was recently honoured at the COP26 conference on climate change for the achievements of the team he led at Dallas Fort Worth, making it the biggest airport in the world to become carbon neutral.

There is a serious risk that COP26 will create unrealistic expectations about what is possible on the road to net zero carbon emissions, while ignoring the real-world progress we are making towards a more sustainable economic future.

Pressure is growing on shipping companies to accelerate efforts to become cleaner and greener, with tougher decarbonisation targets announced recently. For an industry responsible for almost 3% of the world’s carbon emissions, it’s a tough ask.

Largest independent accountancy firm in Scotland will join the Moore Global network, marking “a major step forward in transforming the Moore business in the UK, and beyond.”
 

Anton Colella, CEO of Moore Global, believes

pragmatism on both sides could deliver a post-war boom

We are delighted to announce that Hiregange & Associates LLP, one of the leading firms for indirect tax in India, is joining the Moore Global network. 

A digital real estate revolution is spreading across the world as property specialists increasingly ‘tokenise’ assets to improve liquidity in the world’s most valuable asset class.

Real estate investment has bounced back strongly as the world comes to terms with Covid, with exciting new asset classes and so-called “secondary” locations on investors’ radar for the first time. At the same time, many traditional bricks and mortar investments may never again deliver the returns property funds once relied on.

Women are badly under-represented in the property sector. A recent benchmark study showed only 9% of CEOs in commercial real estate were women, while there was a 55% gap in bonuses and commission between males and females. 

Suppliers in the automotive industry have a dilemma: continue to develop systems for traditional cars or gamble on electric vehicles which make up only a fraction of global sales.

Driving around Brisbane recently Anthony Hayley felt his trusty old car stutter. There were a few more worrying clanks and bangs in the days to come, then it died completely. But then came the real shocker: he was told there was no chance of getting a replacement for nine months – if he was lucky.

Thomas Ziegler, leader of Moore Global’s automotive group, considers the impact the shift from combustion engines to battery powered vehicles will have on the global supply chain.

London’s West End is ready to bring back audiences with strict health checks and socially-distanced seating but more could be done to ease producer’s anxiety.

Graham Tyler, leader of Moore’s media group, reflects on the new realities of film and TV production that include directors organising shoots from their living rooms via internet links.

The advertising industry has reinvented itself to meet Covid filming restrictions. Technology has replaced a lot of human talent and a boom year is on the horizon.

The global pandemic has forced business owners to confront the shortcomings of their legacy systems and embrace the edge that Artificial Intelligence (AI) and Big Data gives them.

Moore Global’s growth continues with the addition of our newest national firm, Moore Hungary.
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With a team of nearly 100 professionals, Moore Hungary will offer a full range of consulting, financial and tax advisory, accounting and audit services.
 

A challenged world is an alert world. Everybody has a part to play in calling out gender bias and inequality. So, we have chosen to mark International Women’s Day by seeking out and celebrating the achievements of successful women in business.