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Day: August 2, 2023

Top Finance Certifications to Pursue in 2023

Posted on by Imarticus Learning

In today’s fast-paced and competitive world, acquiring specialised knowledge and skills in finance has become more important than ever. Whether you are a recent graduate or a seasoned professional looking to enhance your career prospects, finance certifications offer a fantastic opportunity to stay ahead in the ever-evolving financial landscape. 

In this blog, we’ll explore a diverse range of online finance certification courses, helping you make informed decisions about which certification aligns best with your career goals. 

List of online finance certification courses

Financial Analysis Prodegree In Collaboration With KPMG

Offered by Imarticus Learning, this course helps build a solid career in finance while strengthening your investment banking skills as well. 

 

This is a 120-hour skill-building programme being offered by Imarticus which will help you to reignite or transform your career. With concepts like financial modelling training, financial statement analysis, equity research, valuation, transaction execution, and Microsoft Office applications, you can prepare to become a part of future industry leaders. 

Certified Investment Banking Operations Professional Course

The Certified Investment Banking Operations Professional (CIBOP) program offered by Imarticus is a comprehensive course designed to equip participants with the necessary knowledge and skills to excel in investment banking operations. 

The course covers various aspects of investment banking operations, including trade lifecycle, settlements, reconciliation, risk management, financial modelling, and regulatory compliance. 

Through practical training and real-world case studies, participants gain hands-on experience, making them industry-ready for a rewarding career in the financial services sector.

Certified Management Accountant Course

The Certified Management Accountant (CMA) course is a reputed program designed to develop finance professionals with advanced skills in management accounting and financial management. The course covers a wide range of topics, including cost management, performance measurement, financial planning, analysis, and decision-making. With practical training and an industry-focused curriculum, the CMA program prepares individuals to become strategic financial professionals capable of fueling business performance and making informed managerial decisions.

Association of Chartered Certified Accountants, UK

The Association of Chartered Certified Accountants (ACCA) is an internationally recognised qualification in across 179 countries that prepares individuals to become skilled and competent accountants. The program covers a comprehensive range of accounting and finance topics, including financial reporting, taxation, audit, and business analysis. 

Through rigorous training and practical exposure, participants acquire the expertise needed to succeed in the global business landscape and pursue rewarding careers as qualified ACCA professionals. 

Professional Certificate in Fintech

The Professional Certificate in Fintech jointly offered by SP Jain School of Global Management and Imarticus Learning provides participants with a comprehensive understanding of the rapidly evolving fintech landscape. Through this course, individuals gain insights into disruptive technologies like blockchain, AI, and data analytics, along with their applications in finance. 

The program’s hands-on approach and industry-aligned curriculum enable participants to stay ahead in the fintech domain, equipping them with valuable skills and knowledge to thrive in the fintech industry and drive innovation in financial services.

Opportunities after enrolling in finance certification courses 

The online financial certification courses will provide you with the required skills and knowledge, having an impact both on your personal as well as professional career. These courses will help you to understand the business requirements while helping you to plan and manage corporate transactions and assets.

Some of the career opportunities that you’ll be potentially rewarded with post-course completion include:

  • Financial Analyst
  • Actuary
  • CA
  • Securities Trader
  • Investment Banker
  • Corporate Controller

..and so much more! All you need is a strong set of skills and an equally strong resume, which you’ll have after enrolling in any of the courses mentioned above. With the right course, skill set and ample experience, you’re ready to take over the world of finance with your finesses!

Equity Capital Markets and Initial Equity Offerings (IEOs)

Posted on by Imarticus Learning

Within the broader capital market, the equity capital market is a platform where financial institutions, companies, and investment banking engage in trading financial instruments and seek to raise capital for businesses. 

Unlike debt markets, equity capital markets carry an elevated level of risk, which, in turn, offers the potential for increased returns. 

Instruments Traded in the Equity Capital Market

Equity capital is obtained by selling a portion of ownership rights to a company’s assets in exchange for funds.

The value of equity capital is determined by the company’s existing assets and business performance. Instruments traded in the equity capital market include: 

Common shares

Common shares represent ownership capital, entitling shareholders to dividends from profits. Common shareholders have residual claims to income and assets after preferred shareholders and bondholders.

Private equity

Due to limited access to bank capital or public equity markets, startups and smaller companies commonly use equity investments through private placements. Investors are commonly institutional investors or wealthy individuals.

Global Depository Receipts (GDRs): 

These are negotiable receipts issued against shares of foreign companies by financial institutions in developed countries.

Futures

Futures are exchange-traded contracts for buying/selling assets at predetermined future dates and executed through clearinghouses, acting as intermediaries and ensuring contract compliance.

Options

Options are contracts providing the right (not obligation) to buy or sell underlying assets by a specified date, with a premium paid. Call options grant the right to buy, while put options grant the right to sell.

Functions of an Equity Capital Market

The various vital functions equity capital market performs are:

  • Facilitating issue marketing: The equity capital market is crucial in promoting and marketing new securities issues to potential investors. It involves creating awareness, generating interest, and distributing information about available investment opportunities.

  • Managing issue distribution: The market facilitates the issuance of securities by companies or other entities to investors. It connects buyers and sellers, ensuring the efficient transfer of ownership rights and the smooth execution of transactions.

  • Allocating new issues: For new securities offerings, such as IPOs or private placements, the equity capital market helps distribute these newly issued securities to interested investors. It ensures a fair and efficient distribution of the securities through appropriate pricing and relevant allocation strategies.

  • Supporting initial public offerings (IPOs): The equity capital market provides a platform for companies to go public through IPOs. It assists in listing a company’s shares on a stock exchange, enabling it to raise capital from public investors and transition from private to public ownership.

Advantages and Disadvantages of Raising Capital in Equity Markets

Advantages of Equity Financing

Unburdened assets 

Equity investors do not require collateral for their investments. It means the company’s assets remain unencumbered and can secure loans if needed.

Additionally, assets acquired using equity capital can be used as collateral for future long-term debt.

Freedom from financial commitment

Unlike lenders who impose financial commitment to ensure loan repayment, equity investors do not impose such restrictions. Instead, they rely on governance rights to protect their interests.

It grants the company greater flexibility in using funds without the constraints of financial contracts.

Disadvantages of Equity Financing

Investor expectations 

Equity investors need more certainty regarding profits, business growth, and dividends than debt holders. Consequently, equity investors expect a higher return on their investment to compensate for the increased risk.

Regulatory compliance and governance rights 

Equity financing is subject to legal regulations and structures governing financing transactions.

Equity investors possess financial rights, including entitlement to dividends and company sale proceeds. They also hold governance rights related to board elections and significant business decisions.

These rights dilute ownership and control, leading to increased oversight of management decisions.

What Is an Equity Offering?

An equity offering involves publicly selling a company’s shares to raise capital. It can be an IPO, SPAC IPO, FPO, or Secondary Offering. The primary objective remains capital generation, enabling companies to pursue acquisitions, fund growth initiatives, or manage debt. 

Types of Equity Offerings and Financing Types

Some of the common equity offerings are:

At-the-market offering

An at-market offering occurs when a company sells its shares in the open market through an equity dealer. It is typically executed over time, introducing uncertainty regarding the funds raised.

Bought-out deal

A bought-out deal involves an investment bank purchasing the entire equity offering from the company and selling it to investors gradually. This method saves the issuing company costs and time associated with a public issue.

Direct public offering

In a direct public offering (DPO), a company sells its equity directly to the public without involving an investment bank. This approach differs from most equity offerings relying on intermediaries.

Exchangeable security

Exchangeable securities are equity instruments convertible into another security in the future, usually at a predetermined price. They enable companies to raise capital without issuing new equity outright.

Pre-IPO financing

Pre-IPO financing entails raising funds from investors before a company goes public. This financing is often used for growth or to cover expenses related to the IPO process.

Public offering

A public offering involves the sale of a company’s equity to the public. It can occur through an IPO or a secondary offering.

Reverse merger

In a reverse merger, a private company acquires a public company, allowing it to list its shares on a stock exchange without undergoing an IPO.

Underwritten public offering

Unlike a self-managed equity offering, an underwritten public offering occurs when a company sells equity to the public with an investment bank’s assistance.

Underwriting

Underwriting refers to the support provided by an investment bank to help a company sell equity to the public. It involves determining the equity price and facilitating the sale to investors.

Conclusion

The equity capital market (ECM) is a critical component of the capital market, facilitating financial instrument trade and capital-raising for enterprises. Investment banking professionals in ECM groups handle transactions such as initial public offerings and equity offerings.

Equity financing offers diverse funding options and long-term growth potential but dilutes ownership and lacks tax advantages.

Consider enrolling in Imarticus Learning’s BCom in Investment Banking and Professional Accounting for training in Investment Banking, financial analysis and related areas.

Gaining expertise in investment banking is one of the promising career options after 12th. Visit Imarticus Learning for more information.

The Importance of Continuous Learning and Professional Development for Managers

Posted on by Imarticus Learning

Learning is an essential component for not only subordinates but also the managers. Like food providing nourishment to the human body, learning and gaining information nourishes human minds. It is an indispensable tool to upscale one’s organisation and career. 

In this case, continuous learning helps managers acquire critical thinking skills and ways to relate with their team members who might come from diverse backgrounds. Continuous learning not only helps to change the professional life of the organisation and its managers but plays a significant role in improving one’s personal life. 

In this blog, let’s learn in detail about the importance of continuous learning and professional development in management roles which would facilitate individuals before they enter a general management programme. 

What is Continuous Learning? 

general management programme

In simple words, continuous learning is a method of upscaling in an organisation by acquiring new skills and knowledge. It can either be in the form of a formal course or can be in the form of a casual social learning method. This involves multiple challenges but also encourages self initiatives. 

Continuous learning is vital when it comes to growing and changing the dynamic global marketplace. It teaches not only the organisations to take up initiatives and become innovative but also helps the people involved in management positions to become aware of the global market. 

Continuous learning is a flexible system of learning which should go on regularly to contribute to cutting-edge performance. It should be challenging as well as rewarding enough to entice the employees to upscale themselves. 

Benefits of Continuous Learning and Professional Development

Continuous learning is only a boon to the organisation, but also to individuals who have managerial positions. Here are some benefits listed that one can gain through continuous learning and professional development. They are: 

Acquiring New Skills 

When an individual participates in a continuous learning programme, they can improve majorly on both their soft as well as hard skills. This will not only help them to improve their technical skills but also majorly improve their analytical thinking, communication skills and other important aspects. 

Enhancing Confidence 

Not only continuous learning is the flagbearer of expanding one’s industrial knowledge, but it also enhances one’s confidence in their abilities. Some continuous learning summits like leadership pieces of training specifically focus on improving an individual’s confidence through the process of positive self-talk and learning various model leadership styles to ace complex workplace scenarios. 

Other than that, it also helps to enhance an individual’s confidence in the technical skills that are needed to sustain the organisation. This not only enhances one’s confidence but also helps to move forward in their career path. 

Increase in Productivity

Industries like manufacturing, medicine and technology focus on improving productivity through the passing day. This is where continuous learning comes in handy. Continuous learning in this sphere helps to reach individuals manage their time efficiently with a major influx in productivity. This is beneficial also when it comes to improving one’s job performance. 

Continuous Learning and Professional Development: Significance and Importance 

Continuous learning and professional development is an essential aspect for managers. It not only helps them to upscale but plays a vital role when it comes to job switching or aiming for a higher managerial role. Here are some significance and importance of continuous learning that are listed out to understand its relevance. 

Relevancy

Continuous learning is important when it comes to staying relevant in the market and industry. This not only helps one to function efficiently amongst the changing technology but also to learn valuable lessons. 

Profile Boost 

Continuous learning provides one the scope to grow in their career and receive fruitful recommendations from colleagues and managers. This would benefit not only during job switches but also improve the strength of adaptation. 

Change Adaptability 

As mentioned above, adaptability is the crux of continuous learning. It helps individuals to power through unprecedented changes and work seamlessly out of their comfort zones. 

Feeling of Accomplishment 

Continuous learning is significant when it helps people to overcome their fears and learn new skills. It enhances the feeling of accomplishment among the individuals and boosts their confidence. It makes me ready to take up difficult challenges and explore new business ventures. 

Wider Perspectives

Continuous learning is the key to widening the perspectives of an individual. It helps to keep an open mind and changes the attitude of the individual which promotes growth. The more they learn, it helps them to judge various perspectives more deeply.

If you are thinking about taking up a general management course online, these should be kept in mind before you enrol. 

Conclusion 

Continuous learning and professional development play a vital role when it comes to opting for a general management programme. It not only helps us to improve our soft skills but has a major role to play when it comes to improving our technical understanding of the industry. 

If you are interested in enrolling in a general management programme, check out Imarticus Learning’s 22nd General Management Programme in Dubai. This general management course online would not only help you to build your leadership skills but will also upscale your learning capabilities. You can get job opportunities in bigger companies with the added perk of being an IIM A alumni. 

To know more, check the programme out right away.

Highest Paying Supply Chain Jobs in 2023

Posted on by Imarticus Learning

The need for an efficient and productive supply chain grows as businesses expand and globalise. Supply chain professionals play an essential role in streamlining operations, lowering costs, and increasing overall profitability for businesses. The job market for supply chain experts has seen extraordinary development and profitable opportunities as the complexity and demand for supply chain management have increased.

By leveraging the right supply chain analytics course, you can become a part of this high-paying domain. However, what exactly are the supply chain jobs that are paying well?

We have curated a list of the highest paying supply chain jobs in 2023 that aspiring supply chain professionals can explore and aim for with the right skills and courses!

Logistics Manager

global supply chain management and operations officers course

Logistics managers are in charge of organising the movement and storage of items in order to maintain a seamless supply chain flow. They manage transportation, warehousing, and distribution systems in order to maximise efficiency while lowering costs. Success in this profession requires knowledge of logistics software, problem-solving abilities, and the capacity to handle complicated processes. 

Average Annual Salary: INR 6,25,137

Supply Chain Analytics Manager

In supply chain management, data-driven decision-making is becoming increasingly important. Managers of supply chain analytics are in charge of gathering, analysing, and interpreting supply chain data in order to discover areas for improvement and cost-cutting potential. They collaborate closely with data scientists and supply chain teams to implement data-driven plans. 

Candidates must be competent in data analysis and applied analytics tools in order thoroughly understand supply chain procedures and flourish in this post. 

Average Annual Salary: INR 9,43,036

Global Commodity Manager

The position of a Global Commodity Manager is a highly important and well-compensated role in the business world. Global Commodity Managers are responsible for overseeing the sourcing, procurement, and supply chain management of critical commodities used in the company’s products or services. They are entrusted with developing strategies to optimise costs, manage risks, and ensure a stable supply of essential materials from various global suppliers.

 Average Annual Salary: INR 21,00,000

Strategic Chief Operating Officer

In today’s organisations, the function of a Strategic Chief Operating Officer (COO) is becoming increasingly important. Unlike traditional COOs primarily concerned with day-to-day operations, a Strategic COO adopts a more proactive and visionary approach, integrating operational strategies with the overarching business objectives established by the CEO and the board. This executive is responsible for establishing the company’s strategic direction, ensuring effective execution, and fostering long-term success.

Average Annual Salary: INR 30,21,577

Procurement Director

Procurement directors oversee the purchasing process, manage vendor relationships, and negotiate contracts to ensure that the organisation receives the best rates and terms possible. They seek to reduce supply chain risks, ensure timely deliveries, and keep costs low. This position requires a good history in procurement, negotiation abilities, and strategic thinking. 

Average Annual Salary: INR 44,38,980

Supply Chain Director

The role of a Supply Chain Director is of paramount importance as they are responsible for overseeing the entire supply chain process, ensuring seamless coordination between various departments, optimising inventory levels, and enhancing operational efficiency. Their strategic decision-making directly impacts cost reduction, timely delivery, and overall profitability. 

Due to the critical nature of their responsibilities and their substantial impact on a company’s success, Supply Chain Directors are highly sought-after professionals, commanding higher salaries and compensation packages.

Average Annual Salary: INR 54,00,000

Conclusion

The supply chain business is quickly evolving, providing diversified and well-paying employment opportunities for individuals from various disciplines. Supply chain professionals are in high demand as firms prioritise efficiency, sustainability, and cost-effectiveness.

Perceiving the growing significance of supply chain jobs, courses like Strategic Chief Operating Officer course can add great value to your resume.

One such course seeking interest from supply chain aspirants is Executive Certificate Programme for Strategic Chief Operating Officers offered by Imarticus in collaboration with IIM Raipur. With this IIM operating officer course, candidates are bound to experience a skyrocketing career in supply chain management!

HTML and CSS: Foundations of the Web

Posted on by Imarticus Learning

Hypertext Markup Language (HTML) and Cascading Style Sheets (CSS) lay the foundation for web development in this era focused on enhancing user experience.

HTML is the foundation of web pages, giving structure and defining elements. It offers semantics, making content understandable to search engines, accessibility tools, and other technologies. On the other hand, CSS enhances the presentation and styling of web pages by allowing developers to customise layouts, colours, fonts, animations, and more. 

HTML and CSS form a powerful duo working harmoniously to make websites visually appealing and user-friendly. This dynamic collaboration empowers developers to craft engaging interfaces that captivate visitors and guide them through an immersive digital experience. 

Learn the basics of HTML and CSS and how a DevOps development course can help solidify your online presence in the ever-evolving web development landscape.

Understanding HTML – Basics and Purpose

HTML’s structural prowess helps organise and define the elements. It provides the structural skeleton upon which web content thrives, from headings and paragraphs to images and links. 

Structure and syntax of HTML

HTML elements and tags: HTML elements, represented by tags, define the purpose and structure of different parts of the webpage. Each element has an opening tag, content, and closing tag. This organised structure allows for efficient content organisation and presentation on the web. Developers can leverage tags to easily manipulate and style elements, creating visually captivating and engaging web pages.

Example: <p>This is a paragraph.</p>

Attributes and their role in customisation: HTML attributes offer customisation and additional information to HTML elements. These attributes are added to the opening tag of an element using name-value pairs allowing defining properties such as colour, size, alignment, and behaviour. Incorporating attributes provides flexibility and versatility to enhance elements’ visual appeal and functionality in an HTML document.

Example: <img src=”image.jpg” alt=”Image description”>

Commonly used HTML elements:

Headings, paragraphs, and text formatting:

  • Headings: <h1> to <h6> for different levels of headings.
  • Paragraphs: <p> for paragraphs of text.
  • Text formatting: <strong>, <em>, <u>, <s>, <sup>, <sub>, etc.

Links, images, and multimedia:

  • Links: <a> to create hyperlinks to other web pages or resources.
  • Images: <img> to insert images into the web page.
  • Multimedia: <audio>, <video>, <iframe>, etc., for embedding multimedia content.

Lists, tables, and forms:

  • Lists: <ul> for unordered lists, <ol> for ordered lists, and <li> for list items.
  • Tables: <table>, <tr> for table rows, <th> for table headers, and <td> for table cells.
  • Forms: <form>, <input>, <select>, <textarea>, etc., for creating interactive forms.

Understanding CSS – Basics and Purpose

CSS, an integral part of web development, follows the key principle of separating style and content. With CSS, developers can customise the presentation and styling of elements, making each web page eye-catching. 

Structure and principle of HTML

Separation of style and content: While HTML defines the structure and content of a web page, CSS handles the styling and layout aspects. This separation allows easy modification of the website’s appearance without altering the underlying HTML structure. This principle enables developers to gain greater flexibility and efficiency in building visually appealing and immersive websites.

CSS selectors and their role in targeting HTML elements: CSS selectors are essential for styling HTML elements. They determine the elements on the page to be influenced by CSS rules. With various types of selectors, such as element selectors, class selectors, and ID selectors, you can target specific elements based on their tag name, class name, ID, attributes, and relationships with other elements. Mastering CSS selectors enables developers to exert precise control over their web page’s appearance.

Commonly used CSS properties for controlling styling

Colours, fonts, and backgrounds: CSS properties determine the visual aspect of text and backgrounds, including colour and font. 

  • Colour values can be specified using names, hexadecimal, RGB, or HSL values. 
  • Fonts are customisable with family, size, weight, and style options.

Layout and positioning: CSS properties like display, position, float, and flexbox control the layout and positioning of elements.

  • The display property defines how an element is rendered, such as block-level, inline, or flex.
  • The position property allows elements to be positioned using relative, absolute, or fixed values.
  • The float property controls the placement of an element to surrounding content.

Box model and element dimensions: The box model is a fundamental concept in CSS, defining how elements are structured and sized.

  • CSS properties like width, height, margin, padding, and border control the dimensions and spacing of elements.
  • The box model contains content, padding, border, and margin, determining an element’s total size.

Applying CSS to HTML
Inline CSS

Inline CSS in HTML involves adding styles directly to elements using the style attribute. It offers convenience for styling specific elements and allows quick changes. However, it may result in code duplication and make complex styling harder to read and maintain.

Example: <h1 style=”color: red; font-size: 20px;”>Heading</h1>

Internal CSS

Internal CSS refers to the practice of embedding CSS within the HTML document using the element in the section. This allows for defining CSS rules that apply to multiple elements within the document. For instance, by using the element, you can specify properties such as colour and font size for headings, ensuring a more organised and centralised approach to styling.

Example: <style>

  h1 {

    colour: red;

    font-size: 20px;

  }

</style>

External CSS

External CSS simplifies HTML document styling by creating a separate .css file linked using the element. This file contains CSS rules and selectors, allowing for easy application of styles to HTML elements. External CSS allows styles to be shared across multiple HTML pages, improving organisation and easing maintenance.

Example: <link rel=”stylesheet” href=”styles.css”>

Integrating HTML and CSS Using JavaScript 

JavaScript empowers developers to enhance the presentation and structure of web pages by dynamically modifying content, attributes, and styles of HTML elements. JavaScript can respond to user actions and conditions using Document Object Model (DOM), enabling various actions, such as updating text, changing class names, adding or removing elements, and animating elements.

Through accessing and manipulating the DOM, you can retrieve references to HTML elements, modify their text content, apply new styles, create new elements, or remove existing ones. Use the style property of an HTML element to manipulate CSS styles. This property allows you to modify CSS properties like colour, font size, or background colour.

Example: Use the given code to change the colour of a paragraph element to blue by assigning a new value to the corresponding style object property: 

<html>

<body>

<p id=”p2″>Hello World!</p>

<script>

document.getElementById(“p2”).style.color = “blue”;

</script>

</body>

</html>

Conclusion

By mastering HTML and CSS, developers can create dynamic web pages that seamlessly adjust to various devices. This expertise elevates the user interface and experience through effective styling and layout techniques. 

Full-stack developers play a crucial role in building end-to-end web solutions. A comprehensive DevOps development course enables individuals to become proficient in front-end and back-end development. 

Imarticus’s Full Stack Developer Pro course covers HTML, CSS, JavaScript, Node.js, MongoDB, and other relevant technologies equipping students with the necessary knowledge to build a successful dev ops career.

Navigating Different Types of Supply Chain

Posted on by Imarticus Learning

The world of business is as intricate and diverse as the human civilisations that built it. In this vast expanse, one of the most crucial segments that dictate the rhythm of markets is the supply chain. 

This article takes you on a journey through the labyrinth of different types of supply chains, focusing on the integral element of procurement management.

Understanding Supply Chain Management: A Broad Overview

best supply chain management and analytics training

Supply chain management (SCM) is an extensive field that intertwines numerous business functions. These functions encompass everything from product development to information systems, all operating in an orchestrated symphony to deliver value to customers. 

Navigating through these complex dynamics requires an in-depth understanding of the different types of supply chains, each with its unique set of challenges and opportunities.

1. The Push-Based Supply Chain

The push-based supply chain, sometimes referred to as the forecast-driven model, leans heavily on projected market needs to shape its production and distribution strategies. Even though this approach has held sway for a good while, it often faces critique for its rigidity and inability to promptly adjust to real-time shifts in market demand.

2. The Pull-Based Supply Chain

The pull-based supply chain is demand-driven, operating in response to actual customer orders rather than forecasts. This lean model minimises stockpiling and promotes efficiency, but it also requires a robust infrastructure to respond quickly to fluctuating demands.

3. The Hybrid Supply Chain

In this type of supply chain, the principles of both the push and pull models are utilised, creating a balanced approach. This strategy enables businesses to maintain a level of forecast-driven operations while remaining responsive to real-time market demands.

The Significance of Procurement Management in Supply Chains

An often underrated but pivotal component of SCM is procurement management. This involves strategising, sourcing, negotiating, and purchasing the goods and services required for a company’s operations. The effectiveness of procurement management can dramatically impact an organisation’s efficiency, costs, and, ultimately, its bottom line.

How Procurement Management Optimizes Supply Chains

Procurement management plays a crucial role in optimising supply chains by:

  • Minimising Costs: Effective procurement management allows businesses to negotiate better prices, terms, and delivery schedules, thus reducing operational costs.
  • Enhancing Quality: By choosing reliable suppliers and setting high-quality standards, procurement management ensures the quality of the final products.
  • Managing Risks: Procurement mitigates the risks of supply chain disruptions through supplier diversity and contingency planning.

The Role of Training in Procurement Management

A strong foundation in procurement management can be a game-changer. As such, professionals interested in this field often turn to dedicated procurement management courses to upskill and enhance their understanding of the dynamics at play.

An example of such a course is the Professional Certification in Supply Chain Management and Analytics by IIT Roorkee by Imarticus. This online supply chain management course offers a blend of theoretical knowledge and practical skills, providing a holistic understanding of the field.

Digital Transformation in Procurement and Supply Chain Management

In a world where technology never ceases to rewrite the rules, the realms of supply chains and procurement management aren’t bystanders. Adopting digital tools in these spheres is far from a simple upgrade; it represents a seismic shift in the way businesses conduct their operations.

A New Era Dawns with Technology

The wave of digital transformation sweeps across procurement and supply chain management, opening up unprecedented possibilities. Here are a few ways in which this techno-evolution is reinventing the landscape:

  • Automation: Routine tasks such as order processing, invoice matching, and tracking can be automated, freeing up time for procurement professionals to focus on strategic activities.
  • Real-Time Visibility: Digital platforms provide transparency across the entire supply chain, from sourcing to delivery. This visibility allows for better decision-making, forecasting, and risk management.
  • Supplier Relationship Management (SRM): Digital SRM systems help manage interactions with suppliers, facilitating communication, performance evaluation, and contract management.
  • Data Analytics: Big data and analytics enable more accurate forecasting and decision-making based on insights derived from data. This leads to improved efficiency and risk mitigation.

Preparing for the Digital Future

Adapting to this digital shift necessitates upskilling and continuous learning. Training programs like the online supply chain management course mentioned above provide a platform for professionals to acquaint themselves with the latest digital tools and methodologies.

By embracing digital transformation, businesses can streamline their procurement and supply chain processes, enabling cost savings, increased efficiency, and a competitive edge in the market.

Conclusion: The Road Ahead

As the world of commerce continually changes and broadens, reaching across borders like never before, the role of supply chain management—along with its vital subset, procurement management—grows increasingly significant. With appropriate education and training, professionals can confidently sail these intricate waters, making thoughtful, strategic choices that fuel their organisation’s journey to success.

What is Risk Management in Finance?

Posted on by Imarticus Learning

In life, there is no reward without risk. They are two sides of the same coin. In finance, too, there is a return only if you are willing to accept the risks that come along with it. But how much should you be willing to risk for a reward? Should you go in blind or without a plan of action? These questions should be at the forefront of your mind.

Cue: Risk Management 

chief financial officers course

The concept of risk itself is evolving with changing times and its new demands. As the world becomes more connected, the potential of risk exposure magnifies. The Global Financial Crisis of 2007-2008 showed us the flip side of risks in the globally-connected financial world. It is no wonder that risk management has become an integral part of the curriculum in financial management and even CFO Executive Programs.

If you want to protect your organisation’s finances without giving up opportunities, this article is just what you need! 

Read on to learn more about risk management in finance and take the first step to row your organisation to financial success. 

What is Risk?

Put simply, the risk is the possibility of exposure to danger, failure, loss or other adverse circumstances. In the financial world, the word is more nuanced and focuses on investment risk. Risk in finance is the possibility that the actual outcome or return on investment differs from the expected or estimated outcome or return. It may include the probability of partial or total loss on the investment. 

Any business or organisation faces risks from the get-go. These may include factors like market volatility, inflation, recession, bankruptcy, natural disasters, etc. However, failure or loss from risk is not inevitable. Risk management is at the core of any strategy to overcome the hurdles of risk exposure in finance. 

What is Risk Management?

Risk is generally viewed negatively as something that has the potential to harm. But when risk and reward go together, like in finance, it becomes essential that we learn how to strategise to avoid harm. Risk management in finance allows you to do just that. Risk management is the strategic process of identifying and analysing potential risks and developing investment decisions that accept or mitigate them. 

Uncertainties of investments are at the heart of financial risks that an organisation has to endure. Different asset classes come with their risks and rewards. You often hear, “Higher the risk, the higher the reward.” However, a sound risk management strategy can provide a competitive advantage. Risk management should be customised to the organisation’s goals and risk tolerance.

There are three steps of risk management in finance:

  1. Identification of risk: This step involves identifying and assessing potential risks of investing.
  2. Analysis and evaluation of risk: It involves determining the probability of a risk event occurring and its potential outcome. They are evaluated to establish their magnitude and impact.
  3. Risk mitigation: It involves the development of a systematic plan comprising methods and options to mitigate the potential risks from affecting the organisation’s goals, investments and activities.
  4. Risk monitoring: Risk management is dynamic and should be flexible to account for changing situations. Risks have to be continuously monitored so necessary steps can be taken to overcome them. 

Risk Management Strategies

Risk can and should be managed. Rather than leaving the outcome to fate, adopting risk management strategies can help you get the rewards you seek from your investment. 

Looking for risk management strategies from the winner’s playbook? Here you go.

Risk Avoidance: 

The safest bet is not to play at all. You can cut out the probability of risk completely by choosing the safest assets.

Risk Retention:

This strategy involves accepting that risks come with the territory and are impossible to eliminate. 

Risk Sharing:

Sharing risks between two or more parties can help weather the probability of losses by spreading its impact. As they say, a fist is stronger than a finger.

Risk Transferring:

Transferring risk to a third party, like an insurance company, through contractual means is another risk management technique. 

Risk Reduction:

This strategy involves minimising the losses and preventing them from spreading rather than completely eliminating the risk. It includes methods like diversification of investment.

Types of Risk Management

Risk management can be broadly classified into two types. They are:

Passive Management:

Passive management generally mimics broader market returns. It involves following a specific market index, like the Nifty50, and identifying asset classes that have suffered a negative return in comparison through a measure known as drawdown. The beta risk of an asset is measured based on covariance. 

A beta value below 1 means the asset is less volatile than the market and will decrease return capability and vice versa. Passive risk managers can increase or reduce their beta risk exposure by adopting strategies that will, in turn, increase or reduce their returns. 

Active Management:

Active management involves adopting strategies that strive to outperform broader market returns. It exposes investment to alpha risks that go beyond the market risks. Here alpha is the measure of excess risk. Seasoned or high-risk investors engage in active management due to the risks involved. It includes strategies like position sizing, fundamental analysis, technical analysis, leveraging stock, sector or country selection, and more!

Conclusion

To reap rewards, you need to take risks. But risking it all without thought is not the strategy of the masters. Risk management is critical in today’s climate of financial risk exposure. It allows you to prepare for the uncertainties of risk strategically. You can protect the interests of your investment if done right. 

If you are a Chief Financial Officer (CFO) (or aspiring to be one), you (will) captain the ship of your organisation’s financial well-being. The Postgraduate Certificate Programme For Emerging CFOs from Imarticus is the CFO training course you have been waiting for! 

Created by the premier institute IIM Indore, this 12-month CFO training program online will equip you with the skills to master your role as CFO and spearhead your organisation’s financial growth.

Fraud detection in credit card transactions

Posted on by Imarticus Learning

In today’s globally interconnected world, the realm of financial transactions, though seemingly secure, harbors a menacing specter – the ominous threat of credit card fraud. Operating stealthily, it preys upon unsuspecting victims, wreaking havoc on their lives and finances. 

best Fintech course in India

As technology progresses at a rapid pace, the war against credit card fraud escalates in intensity. In this ongoing battle, the realm of fintech emerges as a pivotal force, combining the domains of finance and technology to combat this pervasive menace. Embarking on a career in fintech empowers professionals to tackle these threats on a profound and professional level.

Types of Credit Card Fraud

Here is a list of different types of credit card fraud:

  1. Lost or Stolen Cards: This sort of fraud occurs when the physical credit card is lost, lost, or taken, and another person utilises it without the proprietor’s approval. The fraudulent individual can make buys, pull out money, or manage different exchanges until the card is accounted for as lost or taken.
  2. Skimming: Skimming involves catching credit card data utilising a gadget introduced on an ATM, installment terminal, or other card perusers. The gadget is intended to peruse and store the card’s attractive stripe information, permitting fraudsters to make fake cards or utilise the taken data for online exchanges.
  3. Phishing: Phishing is a method where fraudsters stunt people into uncovering their credit card subtleties and other individual data. They frequently send fraudulent messages, make counterfeit sites, or settle on telephone decisions professing to be genuine associations like banks, retailers, or government offices. The objective is to delude casualties into giving their credit card numbers, passwords, or other delicate information.
  4. Information Breaks: Information breaks occur when programmers gain unapproved admittance to an organisation’s data set or organisation foundation and take credit card data alongside other individual information. These breaks can happen to huge partnerships, monetary establishments, or even private companies that store client installment subtleties. The taken information is then sold on the dim web or utilised straightforwardly for fraudulent purposes.
  5. Card-Not-Present (CNP) Fraud: CNP fraud occurs when a credit card is utilised on the web or for phone buys where the actual card is absent. Fraudsters get credit card data through different means and use it to make unapproved exchanges. This kind of fraud is especially difficult to forestall since the check cycle principally depends on the card subtleties as opposed to actual presence.
  6. Account Takeover: Record takeovers occur when fraudsters gain unapproved admittance to an individual’s credit card account by taking login certifications or individual data. When they have command over the record, they can make unapproved exchanges, change contact data, or request extra cards for their utilisation.
  7. Fake Cards: Fake cards are made utilising taken credit card data. Fraudsters encode the taken information onto clear or modified credit cards, repeating the first card’s subtleties. These fake cards are then utilised for fraudulent exchanges until the fraud is distinguished.
  8. Data fraud: Wholesale fraud involves the fraudulent utilisation of somebody’s very own data, including credit card subtleties, to lay out new credit accounts, make buys, or manage monetary exchanges. This kind of fraud can cause critical monetary and reputational harm to the person in question.

Circumvention of Credit Card Fraud Using Fintech

It is critical to take note that fraudsters are continually advancing their strategies, and new techniques might arise over the long run. Remaining informed about the most recent fraud patterns and playing it safe can assist people and associations in alleviating the dangers related to credit card fraud.

Here is how fintech helps in the detection of credit card fraud:

Real-time exchange checking:

  • Algorithmic examination: Algorithms are used in fintech technologies to analyse credit card transactions in real-time.
  • Assessment of the risk factors: Each transaction’s various risk factors are evaluated by these algorithms.
  • Detection of suspicious activity: A transaction that is flagged as suspicious can either be automatically blocked or investigated further.

AI and man-made brainpower (artificial intelligence):

  • Training with data: Fintech organisations train AI models on enormous datasets of genuine and fake exchanges.
  • Detection of patterns and anomalies: Patterns and anomalies that could indicate fraudulent activity can be identified by the trained models.
  • Versatile learning: The calculations can adjust to advancing extortion designs, further developing location precision over the long haul.

Analytics of behavior:

  • Establishing the baseline: A cardholder’s typical spending and usage patterns are established by fintech platforms.
  • Deviation identification: Alerts and additional security measures are triggered when there are deviations from the baseline, such as unusual transaction amounts or locations.
  • Assessment of risk: Based on previous data, behavioral analytics aid in determining the transaction’s risk.

Geolocation and gadget profiling:

  • Analyses of location: Fintech innovations break down the geological area of an exchange and contrast it with the cardholder’s typical examples.
  • Unusual detection of a location: Potentially suspicious transactions are flagged when they originate from a foreign location.
  • Particulars of the device: Gadget profiling inspects qualities like IP address, gadget type, and perusing conduct to recognise expected extortion.

Tokenisation and encryption:

  • Tokenisation: Tokenisation is a technique used by fintech technologies to substitute unique tokens without intrinsic value for actual card information.
  • Information insurance: Tokenisation limits the gamble of information robbery since the tokens hold no delicate data.
  • Encryption: When data is transmitted during online transactions, encryption ensures that it remains private and secure.

Data sharing and collaboration:

  • Collaboration among businesses: Banks, payment processors, and other financial institutions collaborate with fintech companies.
  • Information and bits of knowledge sharing: The sharing of data and insights into fraud patterns is made possible by collaboration.
  • Complete misrepresentation identification: The creation of more robust fraud detection systems is made possible by the sharing of information and collective intelligence.

Upgraded verification and biometrics:

  • Biometric incorporation: Biometric authentication methods like facial recognition or fingerprint recognition are incorporated into fintech technologies.
  • Character check: Biometrics add an additional layer of assurance in confirming the personality of the cardholder.

Conclusion

You can opt for a career in fintech if you wish to be a part of this highly promising domain that combines financial services and technology. To enhance skills in fintech and other related areas, professionals can enrol in a fintech course such as the Professional Certificate in Fintech offered by Imarticus in collaboration with the SP Jain School of Global Management.

6 Emerging Trends In Information Security While Addressing Evolving Threats

Posted on by Imarticus Learning

Don’t Fall Behind: The Latest Trends in Cybersecurity

There are a lot of new trends in information security. Companies are now using artificial intelligence to protect themselves from cyber attacks. Another trend is that companies are having to follow new rules about how they store and protect their customers’ data. A lot of companies are using cloud services now, so they have to make sure that their customers’ data is safe in the cloud.

cybersecurity courses

Zero trust architecture is also a trend in information security. It’s when companies use identity-based authentication instead of the way they used to. This trend makes it easier for companies to protect themselves from cyber-attacks. Another trend is using Internet of Things devices, that may create some challenges. Learn information security to stay updated with these trends.

The Future of Information Security: 6 Trends to Know

Information security is an evolving space. It is important to stay updated with the latest trends. Here are six trends in information security that are currently shaping the field:

Artificial Intelligence (AI) and Machine Learning (ML)

Incorporating AI and ML into security systems offers quick identification of potential threats.

This cutting-edge technology improves the accuracy of threat detection. It also enables to take proactive measures before an actual attack occurs.

Our reliance on digital systems is increasing. Thus, we must continue to evolve our capabilities for cybersecurity.

AI/ML plays an integral role in ensuring that we stay ahead of potential threats.

Internet of Things (IoT) Security

As the use of IoT devices continues to rise, so are the security risks that come with them. Ensuring the security of these devices is now a top priority for many companies. It is crucial to take proactive measures and apply robust security protocols. This helps protect sensitive data from potential cyber threats and attacks.

Cloud Security

More and more people are storing information in the cloud. That means they are storing it on computers that are not in their own house. The cloud is a safe place for people to store their information. But sometimes the information is not safe. Cyber attackers might want to steal the information, so it is important to take steps to protect it. Any breach can result in significant consequences.

Zero-Trust Security

Zero-Trust Security has strict verification for anyone using an organization’s network. Even if they are a trusted employee. This approach helps to protect against insider threats or external attacks. The approach restricts access or permissions granted to specific users or devices. Zero-Trust Security also recommends the use of:

multi-factor authentication

continuous monitoring of network activities

regular updates and audits

encryption of data in transit and at rest

DevSecOpsDevSecOps is a methodology that integrates security measures into every stage of the development process. This ensures potential security risks are identified and addressed throughout the entire lifecycle. By adopting DevSecOps practices, organizations can better protect themselves against cyber threats. You can avoid costly breaches that could compromise their reputation and bottom line.

Quantum Computing

With quantum computers gaining more power every day, the current encryption methods may soon be vulnerable to attacks. Therefore, the development of new encryption techniques is needed. This is to keep up with this advancing technology and safeguard from cyber threats. Quantum computing has the power to revolutionize many fields. But, we need to ensure that our security measures can keep pace with its progress.

Keeping up with these trends in information security is necessary to protect sensitive information.

Learn Information Security

These trends in information security show the threat landscape is constantly evolving. Organisations must stay vigilant and adaptable to stay secure. With the right training and resources, professionals can become experts in information security. A good approach is to learn information security.

Imarticus Learning offers comprehensive training programs in cybersecurity and information security. It can help professionals stay ahead of the curve. Take the first step towards a successful career in information security. Enrol in Imarticus Learning’s training programs today.

Why Machine Learning is the Key to Unlocking Insights from Big Data?

Posted on by Imarticus Learning

Big data is becoming increasingly important in today’s business landscape. But what is big data, and why is machine learning the key to unlocking insights?

Data Analytics Course

In today’s digital world, we generate massive amounts of data every day.

From our social media interactions to online transactions, the data keeps growing.

However, the real challenge lies in understanding this data. Uncovering valuable insights from data can help us make better decisions.

This is where learning machine learning becomes essential. It is a key tool for extracting meaningful insights from large data sets.

What Is Machine Learning?

Machine learning is a part of artificial intelligence that focuses on developing algorithms and models.

It enables computers to learn from data. Instead of following strict rules, machine learning algorithms learn from patterns and trends in the data. Thus allowing them to make predictions, identify patterns, and reveal insights.

Importance Of Machine Learning In Unlocking Big Data Insights

Learning machine learning offers several advantages when it comes to analyzing large data sets. Traditional methods of data analysis struggle to handle big data due to its enormous volume,.

Humans would find it challenging to manually go through such vast amounts of data to extract insights. Machine learning algorithms, on the other hand, excel at processing and analyzing extensive data sets. It helps in revealing valuable insights that might otherwise remain hidden.

One of the main strengths of learning machine learning is its ability to identify complex patterns within the data.

These patterns can be challenging for human analysts to detect, especially when dealing with multi-dimensional data. Machine learning algorithms can identify and analyze intricate connections between variables.

Thus enabling organizations to uncover valuable insights and make data-driven decisions.

Furthermore, learning machine learning algorithms can continuously learn and adapt to new data. It improves their performance over time. This iterative learning process allows models to become more accurate and reliable. It helps, making them ideal for handling dynamic and evolving data sets. By learning from past experiences, machine learning models can make predictions and recommendations based on historical data. It helps businesses in anticipating future trends and making proactive decisions.

Imarticus Learning’s Postgraduate Program in Data Science and Analytics

Imarticus Learning recognizes the growing importance of machine learning in the field of data science and analytics.

The Postgraduate Program in Data Science and Analytics is a 6-month online course. This course offers numerous benefits to its participants:

Live Learning Modules

The program provides live learning modules. It allows students to interact with instructors. This interactive approach enhances the learning process and encourages active participation.

Dedicated Career Services

Imarticus Learning offers dedicated career services to support students in their job search. They provide guidance and assistance to help students find suitable employment opportunities in this industry.

Access to KPMG Organized Hackathons

Students enrolled in the data analytics course gain access to hackathons organized by KPMG. These hackathons provide an opportunity to apply machine learning techniques in a competitive setting.

Real-World Projects for Practical Knowledge

The program incorporates various real-world projects. It allows students to apply machine learning concepts to solve practical problems. This hands-on experience bridges the gap between theoretical knowledge and its practical application. It helps prepare students for real-world challenges.

Job-specific Curriculum

The program is designed to provide students with the specific skills required to excel in the field of data science. By focusing on the practical aspects of the industry, the curriculum ensures that students are well-prepared for the job.

Job Interview Guarantee

Imarticus Learning provides a job interview guarantee to eligible candidates upon successful completion. This assurance gives students confidence in their career prospects. It serves as an incentive to excel in their studies.

Alumni Success

Imarticus Learning’s alumni are currently employed by various esteemed companies. Some top companies are Accenture, KPMG, Infosys, Capgemini, IBM, Cognizant, Wipro, Standard Chartered, and Deloitte. The program’s strong industry connections provide graduates with excellent networking opportunities. This increases their chances of securing rewarding positions in top organizations.

Final Thoughts

Machine learning plays a vital role in extracting valuable insights from large data sets. Its ability to analyze large amounts of data, and identify complex patterns, makes it important in today’s data-driven world.

Imarticus Learning’s Postgraduate Program in Data Science and Analytics offers a comprehensive curriculum that covers all aspects of data science and analytics.

Join Imarticus Learning’s Postgraduate Program in Data Science and Analytics. Start your journey towards a rewarding career.