Insights

Insights

The latest insights on topics that matter to you.

Wipfli is dedicated to business leaders and their organizations. Each month, we bring you thought-provoking articles on long-range organizational issues related to people, processes, technology, customers, and financial management.

You'll also find whitepapers, blogs, webinars, and eBooks. You can sort via your industry or the topic

Filter by Industry:

Filter by Service:

Articles

Equifax Data Breach – Is Your Identity at Risk?

With over 143 million records compromised, it is very likely that your personal data was compromised in the Equifax data breach.

Sep 11, 2017
Industries: Agribusiness, Construction and Real Estate, Dealerships, FinTech, Financial Institutions, Financial Services, Freshwater, Governments, Health Care, Insurance, Manufacturing and Distribution, Nonprofits, Private Equity
Services: Governance, Risk, and Compliance

> Read More

About Three Years and Counting

During the next several years, experts project a significant change in the United States payment structure. Regulatory changes as well as a host of other risk areas falling under the scope of enterprise risk management will be in the spotlight due to the massive change. In addition, it will be important to address financial institution payment system connectivity along with that of nonfinancial institutions, including FinTech companies. And for the record, the United States is not alone in the push to expedite payments.

Aug 25, 2017
Industries: Financial Institutions
By: Karen A. Mitchell

> Read More

Are the Phones Your Employees Using to Contact Consumers Subjecting the Financial Institution to Compliance With the Telephone Consumer Protections Act?

At the recent ABA Compliance Conference in Orlando, Florida, I had the opportunity to hear Jonathan Thessin, Senior Counsel, American Bankers Association, speak on the Telephone Consumer Protection Act (TCPA). I had one of those “Aha!” moments when he was explaining one of the 2015 changes to the broad definition of “autodialer” and how financial institutions could be using one and not realize it.

Aug 25, 2017
Industries: Financial Institutions
By: Cindy L. Mabry

> Read More

CECL Methodologies Series: Vintage Loss Rate

In our last newsletter, we began a series of articles that will focus on the different Current Expected Credit Loss (CECL) methodologies and their pros and cons. The first methodology we looked at was the cumulative loss rate, CECL Methodologies Series: Cumulative Loss Rate, which is the simplest methodology to use under the new standard, but will require a great deal of qualitative (Q) factor analysis and will likely result in a higher allowance for loan and lease losses (ALLL) balance relative to other available methodologies. In this article, we will explore the vintage loss rate methodology.

Aug 25, 2017
Industries: Financial Institutions
By: Brett D. Schwantes

> Read More

Cyber Threat Predictions for 2017

We live in a never-ending game of cat and mouse pitting security professionals and information technology administrators against bad actors out to steal money, corporate secrets, and personal identifiable information (PII). Methods used by bad actors have evolved over the years as security measures have been put in place. 2016 saw a continued rise in phishing and ransomware attacks. If bad actors can find a way to profit from these tactics, 2017 will continue with this trend and introduce newer threats.

Aug 25, 2017
Industries: Financial Institutions
By: Joel R. Lego

> Read More

Does Culture Drive Your Strategic Initiatives?

Strategic planning is a time to harness the thoughts, ideas, and energy of your financial institution’s leaders to identify key strategic issues, develop strategies and actions plans to address those issues, build capacity to implement action plans and create a single-minded team focus on desired outcomes.

Aug 25, 2017
Industries: Financial Institutions
By: Susi Massaro, Heather L. Debelak

> Read More

Historic Tax Credits and the R&D Credit for Financial Institutions

With the current top C-corporation tax rate at 35% and the top individual rate at 39.6% for S-corporation shareholders, many financial institutions actively look for deductions to take some of the bite out of their tax bill. The use of tax credits can be an extremely effective way to reduce tax liability. While tax deductions reduce the amount of taxable income to which the tax rates are applied to figure the liability, tax credits are a dollar-for-dollar reduction of the tax liability itself. There are a plethora of credits available, but this article will focus on two types of credits that are increasingly being used by financial institutions: historic tax credits and the research credit. 

Aug 25, 2017
Industries: Financial Institutions
By: Brianna N. Komppa

> Read More

Improving Your Interest Rate and Liquidity Risk Process

A steep yield curve usually results in strong financial institution net interest margins. Unfortunately, the Great Recession lowered both short- and long-term interest rates to record lows and flattened the yield curve, which decreased net interest margins. For the past eight-plus years, the market has been forecasting higher interest rates. Since November 15, 2016, the Federal Reserve has raised short-term interest rates four times, each by 25 basis points, so short-term interest rates have risen modestly, but less than forecasted. In the same time frame, the 5-year rate in the Treasury curve has not experienced any significant increases at all. This has resulted in a continuing flattening of the yield curve. 

Aug 25, 2017
Industries: Financial Institutions, Financial Services
By: Jim Broucek

> Read More

Blogs

Bank On Wipfli

Bank on Wipfli

Count on Bank on Wipfli to be your go-to source for need-to-know-now information that affects the financial institution industry.

Industries: Financial Institutions
Services: Audit and Accounting, Consulting, Tax

View More
Dynamics CRM Blog

Connect – Microsoft Dynamics 365

Stay connected with product news, best practices, ideas, and tips to explore alignment with strategic business objectives, meet a short term tactical need, or just get thinking.

Services: Consulting, Technology

View More
Get Dynamic Blog

Get Dynamic - Microsoft Dynamics GP

Get the most out of Microsoft Dynamics GP with the latest tips, tricks, and announcements that help keep it simple.

Industries: Manufacturing and Distribution
Services: Consulting, Technology

View More
Health Care Perspective Blog

Health Care Perspectives

This blog covers a variety of current topics in the health care industry.

Industries: Health Care
Services: Audit and Accounting, Consulting, Tax

View More

Webinars

New FASB Revenue Recognition Standards Actions You Should Take Now - Part 2

In this second webinar, you learned how Sage Intacct, a best in class ERP solutions, helps you master your transition to ASC 606 in an efficient and cost-effective effective manner. This webinar includes a product demonstration on Sage Intacct and how it can improve your transition.

Sep 20, 2017
Industries: Construction and Real Estate, Health Care, Private Equity
Services: Audit and Accounting
By: Brian Dietz

> Read More

To Catch a Thief Webinar

The results of your latest penetration test are in – and they are brutal. You've patched your systems, AV is up to date… but the tester took it all.

Sep 14, 2017
Industries: Agribusiness, Construction and Real Estate, Dealerships, FinTech, Financial Institutions, Financial Services, Freshwater, Governments, Health Care, Insurance, Manufacturing and Distribution, Nonprofits, Private Equity
Services: Governance, Risk, and Compliance
By: Travis Kaun

> Read More

ACH Update Webinar

Electronic payments via ACH continue to evolve as technology and other factors change the way we do things. Consequently, NACHA Operating Rules continually change also. This recorded webinar covers approved NACHA rule changes and gives insight into issues we see financial institutions facing as a result of examiner scrutiny and the changing electronic payments environment.

Aug 18, 2017
Industries: Financial Institutions
By: Nicole Meinhardt, Tim Tedrick

> Read More

New FASB Revenue Recognition Standards Actions You Should Take Now - Part 1

In May 2014, the Financial Accounting Standards Board (FASB) issued the final standard on revenue from contracts with customers, Accounting Standards Codification (ASC) Topic 606. It has been described as one of the largest changes to GAAP in over a generation.  
 
The new standard supersedes most current revenue recognition guidance and is designed to create consistency across industries, enrich financial disclosure, and enhance comparability for those relying on financial statements.

Aug 17, 2017
Industries: Construction and Real Estate, Health Care, Manufacturing and Distribution, Private Equity, Insurance
Services: Audit and Accounting, Consulting, Technology, Business Advisory
By: Brian Dietz, Colleen Cooke-Varallo

> Read More

Accelerate Your Performance With Dynamics 365

Wipfli experts explore how Dynamics 365 for sales can help your sales teams, management, and executives gain valuable insight into your organization’s relationships, sales, and performance.

Aug 16, 2017
Industries: Agribusiness, Construction and Real Estate, Dealerships, FinTech, Financial Institutions, Financial Services, Freshwater, Governments, Health Care, Insurance, Manufacturing and Distribution, Nonprofits, Private Equity
Services: Technology
By: Andrew J. Potasek, Ryan Swiderski

> Read More

Understanding the New Revenue Recognition Standard ASC 606: What Manufacturers Need to Know

In May 2014, the Financial Accounting Standards Board (FASB) issued the final standard on revenue from contracts with customers, Accounting Standards Codification (ASC) Topic 606. It has been described as one of the largest changes to GAAP in over a generation. View this on-demand webinar to gain an understanding of the new standard, potential implications to your organization as well as potential impact on the manufacturing industry.

Aug 11, 2017
Industries: Manufacturing and Distribution
Services: Audit and Accounting
By: Colleen Cooke-Varallo, Sara L. Funk

> Read More

Uniform Real Estate Loan Application (URLA) Form Implementation Webinar

The URLA is also known as the Freddie Mac Form 65 and the Fannie Mae Form 1003.  It is jointly owned by these government-sponsored entities (GSEs) and has been in use for more than 20 years.  In August 2016, the URLA was updated. The form has been redesigned to be more consumer-friendly and efficient. 

Jul 28, 2017
Industries: Financial Institutions
By: John Moniak, Tim Tedrick

> Read More

Digital Transformation and Manufacturing: Is Your Organization Ready?

Manufacturers are experiencing technology disruption that touches nearly every aspect of their organization. This disruption forces change, which can either paralyze manufacturers or encourage them to discover their own digital transformation. View this on-demand webinar and gain valuable insights into driving digital transformation through technology in your organization.

Jun 09, 2017
Industries: Manufacturing and Distribution
Services: Consulting, Technology
By: Suzanne Koss

> Read More