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

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Articles

Are HIDTAs Addressed in Your BSA/AML Risk Assessment?

According to the FFIEC BSA/AML Examination Manual (the “Manual”), identifying geographic locations that may pose a higher risk is essential to a financial institution’s BSA/AML compliance program. U.S. financial institutions should understand and evaluate the specific risks associated with doing business in, opening accounts for consumers from, or facilitating transactions involving certain geographic locations. When considering BSA risks, focus on the geographic locations unique to your financial institution, and in particular, high intensity drug trafficking areas (HIDTAs). Many financial institutions have their main headquarters or branch locations in small towns or rural areas and perhaps not in an area where HIDTAs are top of mind, but many are located in or adjacent to counties designated as HIDTAs.

Jun 20, 2018
Industries: Financial Institutions
By: Craig E. Johnson

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CECL Methodologies Series: Probability of Default

The probability of default methodology is a relatively simple methodology in concept since it only requires three inputs to estimate lifetime losses. The challenging part of the methodology is calculating each of these inputs.

Jun 20, 2018
Industries: Financial Institutions
By: Brett D. Schwantes

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Does Anyone Really Look at These Reports?

Suspicious activity reports (SARs) and currency transaction reports (CTRs) are some of the primary means by which financial institutions share information with law enforcement. Financial institutions must prepare and submit CTRs and SARs for a couple of reasons. First, the Bank Secrecy Act regulation requires both reports. CTRs are required to report cash activity over $10,000. SARs are required to report a myriad of suspicious activity—money laundering, structured cash transactions, wire fraud, and terrorist financing—just to name a few. The important thing to remember is that it is not the financial institution’s responsibility to convict someone, but rather to report activity that appears suspicious in nature. Second, law enforcement relies on reports filed by financial institutions to aid them in criminal investigations. The big question is: Does anyone really look at these reports? The good news is that they do! There have been numerous crimes identified due to required BSA reporting.

Jun 20, 2018
Industries: Financial Institutions
By: Kristen Ferwerda

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Is It Time To Elevate Your Vendor Management Program?

Is vendor management keeping you up at night? Are you wondering if the right questions are being asked in order to fully understand and manage your risks? Are you getting what you want/require and have paid for? Are the right people involved in the process? Has it become too complicated and time consuming? If these are some of the questions running through your mind, you are not alone.

Jun 20, 2018
Industries: Financial Institutions
By: Tammy Wollersheim

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Loan Originator Compensation – It's Complicated

On January 18, 2013, the Consumer Financial Protection Bureau (the “Bureau”) issued its final loan originator compensation rule (the “Rule”). More than five years later, many financial institutions still find themselves struggling to understand what types of payments they can and cannot make to their loan originators because, well, it’s complicated. 

Jun 20, 2018
Industries: Financial Institutions
By: Brianna Herder

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Overdraft Overkill

I hesitated to write an article on overdraft practices because it seems there has been an over- abundance of industry information during recent years. However, although the concerns about overdraft practices may feel like old news, there constantly is new news about examiner scrutiny of anything overdraft related. So it seemed like a good time to review the potential overdraft tripwires.

Jun 20, 2018
Industries: Financial Institutions
By: Kathy Enbom

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Phishing: The Bad Guys Favorite Gift

It’s the bad gift that keeps on giving all year long. The holiday season may be gone and Spring may be upon us, but email phishing continues to be one of the greatest threats to financial institutions. You must remain vigilant to protect your institution and, at the same time, be prepared in the event a phishing attempt is successful.

Jun 20, 2018
Industries: Financial Institutions
By: Joel R. Lego

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Smart Software Selection

There are few responsibilities that instill fear and anguish in leaders quite like replacing software systems. Whether it is because of past experiences of failed projects, ballooning scope and costs, or the vast number of solutions available today, the process is daunting. Due to the sheer number of decisions and ramifications, we see many of our clients opt out and not make any changes, just limping along with systems that either don’t support or actively hinder their operations.

Jun 20, 2018
Industries: Financial Institutions
By: Brett Polglaze

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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

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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

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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

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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

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Webinars

What Is the Value of My Company, and Why Do I Need to Know?

“I’m not planning on selling my business anytime soon, so I don’t need to know what it’s worth, right?”

Wrong.

This webinar will provide insight into the importance of knowing what your business is worth, reasons why a business valuation is needed, and information on why using a qualified individual to arrive at that value is essential.

Jun 15, 2018
Industries: Manufacturing and Distribution
Services: Business Advisory
By: Lisa M. Cribben

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Managing Cybersecurity Risk for Dealerships

Cyber attacks are on the rise and occur with alarming frequency. The financial and reputational consequences from an attack or breach could be devastating to your dealership. 

Your dealership collects and maintains a wealth of personal information from your customers. Maintaining a strong and agile cybersecurity program is imperative. This on-demand webinar was designed to help you determine whether your cybersecurity program is as strong as it should be. 

Jun 13, 2018
Industries: Dealerships
By: Steve Hewitt, Jeff Olejnik

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Increase Customer Trust and Loyalty With Dynamics 365 for Field Service

All organizations strive to provide exceptional, consistent customer service, but how do you make that a reality when your business is out in the field? How do you keep field service agents connected and equipped to be productive?

Field Service Automation in Dynamics 365 provides your field service agents with the connectivity they need to create the customer service you expect. See how Dynamics 365 increases efficiency of scheduling field service agents, equipment and other resources and enables field service agents to be more productive on site with mobile capabilities. Increase customer trust and transparency by enabling self-scheduling and issue reporting.

May 16, 2018
Industries: Agribusiness, Construction and Real Estate, Dealerships, FinTech, Financial Institutions, Financial Services, Freshwater, Governments, Health Care, Insurance, Manufacturing and Distribution, Nonprofits, Private Equity
Services: Consulting, Technology
By: Ryan Swiderski

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Managing Cybersecurity Using the New NCUA ACET and FFIEC CAT

Cybersecurity is at the top of the minds of credit unions, their members, supervisory committees, and regulators alike. The NCUA listed “Cybersecurity Assessment” as one of the primary areas of supervisory focus in 2018 and has begun implementing the Automated Cybersecurity Examination Tool (ACET) to improve its supervision. Learn more in this recorded webinar.

May 04, 2018
Industries: Financial Institutions
By: Dennis M. Johnson, Brian J. Macke

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Planning and Strategic Management: Approaches to Strategic Thinking in Today's World

If your manufacturing organization is focused on future growth, building your competitive advantage, or increasing production without negatively impacting current operations, planning and strategic management should be at the forefront. This webinar will provide a solid overview of the strategic planning process.

Apr 27, 2018
Industries: Manufacturing and Distribution
Services: Business Advisory, Consulting
By: Deron J. Kling

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Why Construction and Real Estate Entities Need to Care about Revenue Recognition

Largely unknown. Almost unavoidable. Unidentified impact. Those three statements sum up the status of the knowledge and implementation plan for many construction and real estate (CRE) entities for the upcoming changes to Revenue Recognition. Many CRE entities mistakenly believe that they don’t need to give serious consideration to this new accounting standard.

Apr 25, 2018
Industries: Construction and Real Estate
Services: Audit and Accounting
By: Adam Mueller, Lucas Rocole

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What Ag Producers Need to Know About the New Tax Law

The Tax Cuts and Jobs Act of 2017 provided sweeping changes in tax law for businesses, trusts, and individuals. While much of the impact is beneficial for ag producers, it’s important to examine how the changes will impact short-term and long-term goals. This on-demand webinar was designed especially for ag producers, and provides a high-level and practical look at the changes affecting tax year 2018 and beyond.  

Mar 28, 2018
Industries: Agribusiness
Services: Tax
By: Bradley Cook, Justin Van Zuiden, Dustin Wiesner

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IT Examination Hot Topics - Cybersecurity

You can’t have an effective cybersecurity strategy if you don’t know what you’re up against. This webinar discusses the latest threats to your customer information.

Mar 20, 2018
Industries: Financial Institutions
By: Travis Wouters, James A. Marks

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