May, 2022

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New INX CFO urges crypto-mainstream compatibility

CFO Dive

The company's launch last year of the the first digital security token to be registered with the Securities and Exchange Commission serves as a blueprint for other companies that may be looking to raise capital from alternative assets.

CFO 334
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6 Reasons to Hate Budget and Annual Planning Processes

Fpanda Club

Budget and annual planning cycle - these words can make many people tremble. Aimed at determining firm’s short-term objectives and transforming them into operational plan by allocating available resources, annual planning exercise is mostly considered by its stakeholders to be a curse rather than a savior. There are many reasons to hate budget effort.

Budgeting 147
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What is GMP Manufacturing and is it Required for Life Sciences

Navigator SAP

There’s an element of consumer trust when it comes to the consumption of food or medicine. Usually, consumers cannot detect if a drug they’ve purchased has been manufactured correctly, or if it contains what has been advertised. Without some form of government oversight, this can become a problem. With that in mind, the U.S. Food and Drug Administration (FDA) has established Good Manufacturing Practice (GMP) rules for businesses in the food manufacturing and life sciences industries that help en

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Authorized Shares vs. Outstanding Shares

CFO News Room

Authorized Shares vs. Outstanding Shares: An Overview. Understanding stock market terminology allows investors to make appropriate, intelligent decisions. As it relates to company stocks, knowing the difference between authorized shares and outstanding shares is relevant in accurately calculating important ratios that speak to the financial stability of a company.

Numbers 130
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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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TIE Increases

Corporate Finance

As we discussed in the textbook, in general, there is no absolute number that is best for a particular financial ratio. However, when the economy is bad or uncertain, it is better if leverage ratios are more conservative to help avoid financial distress. During the COVID lockdowns, this is exactly what happened to the times interest earned (TIE) ratio for most companies.

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SEC enforcement attorney predicts 'a lot more fraud' in crypto markets

CFO Dive

The SEC will turn to litigation if needed to achieve “clarity” as it fights abuses in cryptocurrency markets, according to an attorney in the agency’s Enforcement Division.

Marketing 328
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Is My Nonprofit Ready For Federal Grant Funding?

The Charity CFO

According to The Nonprofit Times, almost 80% of all nonprofit revenue comes from the US government in the form of federal grant funding or fees for services. Those numbers may be skewed by some outliers, like education, but, regardless, there is still a lot of federal money up for grabs. If you’re like most organizations, you would love to get some of that funding to put toward your mission.

Nonprofit 119
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Becoming IPO Ready as a Life Sciences Business

Navigator SAP

Now is a good moment for enterprising life sciences startups eying a future initial public offering. “Covid really brought some perspective on what the life sciences market can do,” noted Gregg Beloff in a recent capital markets webinar , managing director at life sciences financial advisory, Danforth Advisors. “Life sciences saved the world.” The recent performance of life sciences firms in warding off the worst effects of the Covid-19 pandemic has opened the eyes of some investors, according t

Startups 130
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How Financial Consolidation Can Help Your Business Portfolio

https://trustedcfosolutions.com/feed/

With the advent of automation, you’d think all companies would transition to a cloud accounting solution. However, you would be surprised to learn how many companies are still working with QuickBooks and Excel spreadsheets and have a portfolio comprised of many different businesses that make it nearly impossible to determine the health of each organization, let alone the overall health of the company.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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How to Build an FP&A Function

Embark With Us

If the last few years have taught us anything, it's to expect the unexpected. Up is down, left is right, toilet paper and used cars are the new Pokémon cards and PS5s – nothing makes sense anymore. And to state the obvious, such upheaval and uncertainty don't make life easier for a company's decision-makers.

Finance 105
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Tell Me a Story: Aswath Damodaran on Valuing Young Companies

CFA Institute

"You don't have to be right to make money [valuing companies]," Aswath Damodaran says. "You just have to be less wrong than everybody else.”.

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Global ESG standard-setting gains speed

CFO Dive

CFOs seeking to provide shareholders with more sustainability data must choose from a patchwork of inconsistent measurement frameworks. Regulators and other standard setters worldwide are now building a consensus behind uniform rules for gauging sustainability.

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Financial Oversight Guidelines for Nonprofit Boards

The Charity CFO

Financial oversight is one of the primary roles of your nonprofit board of directors. . Every nonprofit is required to have a board of directors. According to the National Council of Nonprofits , the board has a responsibility to “steer the organization towards a sustainable future by adopting sound, ethical, and legal governance and financial management policies.”.

Nonprofit 105
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Improve Cashflow with Automation and Real-time Insight

Navigator SAP

The bar has been raised on financial and cash flow management.

SAP 203
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Grow Your Restaurant Chain With The Right Accounting Solution

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Owning a restaurant chain or several restaurant franchises can be challenging when it comes to accounting and being able to consolidate all your reporting and records. It is hard to make informed, strategic decisions regarding growth when you can’t get a complete picture of what’s happening within each restaurant entity and across all of your chains.

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Your Investors Want Better Data, Now What

The SaaS CFO

I was chatting recently with an early-stage SaaS founder. She just took on her first round of venture capital. And just like that, the new investors want better data to drive decisions. No more gut decisions and managing your business with your bank account. Now what? My new investors want better data to make decisions. […]. The post Your Investors Want Better Data, Now What appeared first on The SaaS CFO.

CFO 105
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Building a CAPM That Works: What It Means for Today’s Markets

CFA Institute

The capital asset pricing model (CAPM) is a marvel of economic scholarship. The problem is that it doesn’t always work in practice. So, we fixed it.

Marketing 133
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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Companies need to align efforts at disclosure, cybersecurity: SEC attorney

CFO Dive

The SEC aims to protect investors from cyber-related risks by cracking down on companies that release misleading disclosures about cyberattacks, according to the top attorney in the agency’s Crypto Assets and Cyber Unit.

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3 Tips for Successful Nonprofit Board Development

The Charity CFO

As a nonprofit Executive Director, the amount of time you invest with your board of directors can vary wildly depending on your organizational culture and the time of year. But make no mistake: Nonprofit board development is critical to your success. And it’s becoming increasingly important to your funders too. . Foundations want to know that your board is doing its job and doing it well.

Nonprofit 105
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CDMO Implements an ERP System That Supports Process Automation & Accelerates Growth - Contract Pharma

Navigator SAP

Originally Posted on ContractPharma on April 26th, 2022 | Read the full story here.

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Asked And Answered– 10 Questions Every CFO Should Be Asking Their Controller

https://trustedcfosolutions.com/feed/

In the world of the CFO, there is one constant amid all the changes. The CFO must always be ready to lead and manage a successful finance team. In order to be successful, the CFO needs to collaborate closely with the Controller to define and implement financial strategies that can be supported through financial operations. Learn the ten questions you should be asking your Controller to establish best practices and project and plan for the future growth of your organization.

CFO 107
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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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PodChats for FutureCFO: Why intercompany accounting is crucial for post-merger success

Future CFO

Large companies typically have subsidiary businesses that sell to each other. The idea is to build the capability to deliver a vertical stack of services and expertise, and essentially, keep the money in the group. The problem is that most subsidiary businesses have enough independence to decide on what tools and technologies they can use to support their business.

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Book Review: The Financial Crisis of 2008

CFA Institute

The Financial Crisis of 2008: A History of US Financial Markets 2000–2012. 2021. Barrie A. Wigmore. Cambridge University Press. Barrie Wigmore analyzes an extremely complex topic, the financial crisis of 2008, with wide-ranging and deep analysis. He brings to bear a richly experienced point of view, based on working “in the trenches” as an investment […].

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Cloud adopters hobbled by 'on-premises computing' mindset: McKinsey

CFO Dive

Making six “persistent and pernicious mistakes,” many companies waste money and fail to derive the full value from their move to cloud computing.

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How to Read a 990: What Do Donors Want to See?

The Charity CFO

Unlike your personal tax return, anyone can request a copy of your Form 990 from the IRS or search for your filing several online databases. And when they know how to read a 990, they can find out A LOT about your organization. W atchdog organizations, large donors, and grantmakers regularly use your 990 to uncover a nonprofit’s financial health in just a few seconds.

Nonprofit 105
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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.