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Automated and Data Driven Financial Planning Hasn’t Reached its Full Potential

The Finance Weekly

The impact of data driven financial analysis goes well beyond its traditional role of budgeting and forecasting, and has the potential to contribute greatly as a forward thinking department for real-time decision making. More accurate forecasting. The cooperation between IT and finance has never been more important.

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FinTech Targets The Cash Flow Needs Of CPAs

PYMNTS

The Certified Personal Accountant (CPA) today now has a plethora of FinTech solutions they can use to manage their clients’ money, with the number of digital tools — including cloud accounting portals, cash flow forecasting solutions and intelligent technologies like artificial intelligence (AI) — continuing to rise.

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Breaking Down the FP&A Function of the CFO Suite

BlueLight

The CEO outsources accounting to a third-party accounting firm and may conduct simple FP&A. Financial planning & analysis is a corporation function that uses financial information to make forward-looking recommendations, evolving from a number cruncher to a strategic partner. Let’s get into the details.

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12 Best Paying Jobs in Finance in 2023

CFO News Room

Bureau of Labor Statistics, employment numbers for Financial Managers are expected to rise by 17% over the next decade , faster than the average for all occupations. Most financial managers have previous experience working in market analysis and forecasting positions similar to this one. These include: Accounting Skills.

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Small Businesses At The Center Of Bots Vs Accountants

PYMNTS

Separate reports from The Wall Street Journal ( WSJ ), published last April, also demonstrated the changing nature of corporate finance: While the Big Four accounting firms’ advisory and consulting revenue jumped by a combined 44 percent since 2012, revenue from straightforward auditing for the firms rose just 3 percent in that time.

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When is it Time for a Small Business CFO?

Michigan CFO

This doesn’t mean that your CFO handles accounting and tax preparation personally, but they do manage relationships with the people responsible for those things. They will handle budget planning and forecasting, develop strategies for growth, and ensure accurate financial records are maintained. Learn more about our virtual CFOs.

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How Tech Can Help Uncover The Story Behind Financial Data

PYMNTS

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. In some ways, corporate financial reporting is about the human element needed to tell the story behind the numbers, Born noted.