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

The DOL Fiduciary Rule...Maybe Not As Bad As You Think

Unless you’ve been in solitary confinement or otherwise “off the grid” in the world of wealth management and retirement accounts, you have probably heard of the Department of Labor’s Conflict of Interest Rule, more commonly known as “the Fiduciary Rule.” The Fiduciary Rule was published in the Federal Register on April 8, 2016, became effective on June 7, 2016, and had an original applicability date of April 10, 2017, with a phased implementation period ending on January 1, 2018. Original time frames were established under President Obama’s administration, but after President Trump took office in January, things began to get “interesting” – for lack of a better term.

Jun 21, 2017
Industries: Financial Institutions
By: Bryan Meddings

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BSA/AML Risk Management and Electronic Banking

Just as certain products and services offered by financial institutions pose a heightened level of risk, how customers interact with those products and services also alters the levels of associated risk, as well as the regulatory expectations for risk mitigation.  Financial institutions should consider all indicators of risk when evaluating methods of risk mitigation.  In this article, we will focus on electronic banking.  E-banking continues to become exponentially more important to the financial industry, both in terms of serving customers and presenting new challenges from a regulatory and risk standpoint.  

Jun 20, 2017
Industries: Financial Institutions
By: Nick Bonnema

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CECL Methodologies Series: Cumulative Loss Rate

In a recent article, CECL:  Getting Started, we looked at setting specific milestones to help guide management teams through the CECL implementation process. The first milestone we suggested was to investigate available CECL methodologies. In the next several articles, we will explore some of the different methodologies and their pros and cons, starting in this article with the cumulative loss rate methodology.

Jun 20, 2017
Industries: Financial Institutions
By: Brett D. Schwantes

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ESOPs: Align Employee Interests With Long-Term Business Goals and Succession Planning

More and more companies are struggling to attract and retain good employees. Today’s younger generations are not committed to or even looking for a lifelong career, and it is getting harder to find and keep good people. The workforce is changing, and in order to stay competitive, business owners are going to have to offer more benefits and flexibility than ever before. 

Jun 20, 2017
Industries: Financial Institutions
By: Nicole L. Stewart

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Have You Considered Your Redlining Risk Recently?

Those of us who have been in banking for a few decades remember some of the earlier redlining cases of the 1990s, which until recently seemed to be a thing of the past, a dark point in our history. But the recent uptick in enforcement activity involving redlining should cause us to stop and take another look at the geographies and communities from which we take applications and in which we originate loans.  

Jun 20, 2017
Industries: Financial Institutions
By: Melissa D. Blaser

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Internal Controls – Back to the Basics

Performing a thorough, quality internal control risk assessment, documenting management internal controls, and identifying missing control points are rigorous tasks that all organizations, including financial institutions, are challenged with on an ongoing basis. Bank executives, regulators, boards of directors, and external auditors are all very invested in internal controls. Strong, well-thought-out internal controls are not just for Fortune 100 companies, they are also important for local community financial institutions.  

Jun 20, 2017
Industries: Financial Institutions
By: John Schroeder

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EMail Compromise – Is Your Institution Vulnerable? Do You Know How to Report It?

On September 2016, the Financial Crimes Enforcement Network (FinCEN) updated its Suspicious Activity Report (SAR) Key Advisory Terms to add a new key term. FinCEN periodically issues these advisories to provide institutions with guidance on potential threats that may affect the U.S. financial banking system. The advisories also provide guidance to financial institutions on preparing SARs related to the covered activity. This article will discuss the details of the September 2016 advisory, including SAR preparation tips. The most recent advisory term addition, e-mail compromise, was the result of a recent spate of compromised personal and business e-mail accounts. According to the FBI, there have been approximately 22,000 reported cases involving $3.1 billion since 2013. These scams not only hit businesses and individuals but also financial institutions directly. The scams present themselves as follows: Business e-mail compromise (BEC) fraud, which means the cyber criminal is targeting a financial institution's commercial customers, and e-mail account compromise (EAC), which involves a victim's personal accounts. 

Jun 20, 2017
Industries: Financial Institutions
By: Robin Guthridge

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What You Should Know Before Outsourcing Bank Services

Have you outsourced or are you thinking of outsourcing any banking services?  If so, here are some things to consider. 

The federal regulators actually have an act called The Bank Service Company Act (the “Act”), which was first introduced in 1962.  

Jun 20, 2017
Industries: Financial Institutions
By: Teri Downey

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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

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

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IT Examination Hot Topics – Cybersecurity: Recorded Webinar

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

Feb 24, 2017
Industries: Financial Institutions, Financial Services
Services: Consulting
By: Matthew T. Janoski, Travis Wouters

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2017 Medicare Payment System Changes: Understanding the Impact Webinar - Part II

This webinar provides you with an overview of Medicare’s final rules and changes for physician services most affected by the 2017 changes. Click the link for additional details.  

Jan 18, 2017
Industries: Health Care
By: Jeff Bramschreiber, Jeanne M. Chapdelaine, Jeffrey M. Johnson, Judith Holloway

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2017 Medicare Payment System Changes: Understanding the Impact Webinar - Part I

This webinar provides you with an overview of Medicare’s final rules and changes for hospitals and rural health providers most affected by the 2017 changes. Click the link for additional details. 

Jan 11, 2017
Industries: Health Care
By: Jeff Bramschreiber, Jeanne M. Chapdelaine, Jeffrey M. Johnson, Judith Holloway

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Tax Update for Financial Institutions

Our tax environment is constantly changing! Given the high tax rate environment, it is more important than ever to understand these tax changes and how they impact your financial institution. This webinar gives an update of the most important tax changes affecting the financial institution industry. Click the link for more information. 

Dec 09, 2016
Industries: Financial Institutions
Services: Tax
By: Jason J. Wimmer

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Getting Ready for CECL

FASB’s credit impairment standard for financial instruments is here—so now what do we do?  This recorded webinar will help management of financial institutions start to figure out what their institution should be doing now to be ready for CECL when it becomes effective. Click the link for more information. 

Dec 06, 2016
Industries: Financial Institutions
Services: Audit and Accounting
By: Brett D. Schwantes

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Audit and Accounting Update for Financial Institutions

Wipfli’s audit and accounting webinar updates you on final accounting rules effective for 2016 and 2017, as well as some rules that have been finalized but will not be effective for several years. Click the link for more information. 

Nov 22, 2016
Industries: Financial Institutions
Services: Audit and Accounting
By: Brett D. Schwantes

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Impactful Tax Planning and Savings Strategies for Manufacturers

The proper application of tax strategies can help manufacturers maximize tax savings, potentially improving cash flow that can be applied to help realize long-term, successful growth with a competitive edge. This webinar is intended for business owners, CFOs, CEOs, controllers, and accounting professionals looking to minimize tax exposure and reduce tax liability. Click the link for more information. 

Nov 15, 2016
Industries: Manufacturing and Distribution
Services: Tax
By: Jeffrey R. Fritz, Samantha A. Wimmer

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