CFO Share

AUGUST 31, 2023

The stress of ensuring accurate records, timely tax filing, and smooth audits can be overwhelming, especially if last year’s experience was anything but smooth. Another accountant should double-check your year-end bookkeeping to verify the accuracy of your bookkeeper’s work.

Auditing 52

Auditing Profit and Loss Prioritization Leadership 52

PYMNTS

JANUARY 20, 2021

As a result, finance teams across the business ecosystem began to prioritize digitization and optimization, and many of them drew the same conclusion: Access to data is imperative to efficient and effective operations. Finance and accounting workflows lend themselves well to these three pillars, he said, and Fitzmaurice agreed. “It

B2B 125

B2B Prioritization Invoicing Corporate Finance 125

CFO Talks

MARCH 14, 2024

This follow-up article delves into how CFOs can effectively manage their diverse responsibilities, from prioritizing tasks to fostering innovation and leading their companies through transformational change. As organizations face new challenges and opportunities in a changing world, the role of the CFO will continue to expand and evolve.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

Spreadym

JULY 6, 2023

It includes analyzing the likelihood and impact of various risks and prioritizing them based on their severity. By assessing the potential consequences of disruptions to these key elements, organizations can prioritize their recovery efforts and allocate resources accordingly.

Planning 52

Planning Prioritization Compliance Communication 52

VCFO

AUGUST 25, 2022

Years ago, security concerns heightened for vcfo when a third-party hosting platform for an accounting application some of the team used was encrypted and therefore inaccessible to the team. Planning and Prioritizing IT Security Improvement. Establishing a Security Baseline. Where are we most vulnerable? ——-.

Securities 81

Securities Prioritization Education Budgeting 81

CFO News Room

DECEMBER 30, 2022

Why it is important for advisory firms to conduct an audit of their tech stack and the steps they can take to conduct the exercise. How advisors are increasingly purchasing individual bonds rather than bond funds in client accounts. will affect surviving spouses who inherit retirement accounts from a deceased spouse.

Planning 130

Planning Auditing Investments Securities 130

The Charity CFO

JULY 10, 2022

Meanwhile, audits, financial management, and risk mitigation fall under the purview of the Finance or Risk Management Committee. The Executive Committee handles time-sensitive issues that come up between meetings and prioritizes the agendas for meetings of the full board of directors. Don't hire the wrong accountant for your nonprofit!

Nonprofit 97

Nonprofit Auditing Communication Risk Management 97

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. workers in the finance and accounting field said they believe generative AI will have a positive impact on their career.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

The Charity CFO

JULY 31, 2023

Beyond legal obligations, ethical considerations play a central role in ensuring fair and unbiased decision-making and fostering an environment of trust and accountability. Regular reviews and frequent check-ins enable the board to adapt to evolving circumstances and reinforce a culture of accountability and adherence to the guidelines.

Nonprofit 52

Nonprofit Prioritization Compliance Accounting 52

The Finance Weekly

MAY 14, 2024

While supply chain management handles the smooth flow of goods from start to finish, inventory management zeros in on tracking, storing, and accounting for a company's stock accurately. Regularly Monitor Inventory Levels Inventory-driven businesses typically do this thing called an audit once a year to keep the tax department happy.

Forecasting 52

Forecasting Profit and Loss Prioritization Auditing 52

PYMNTS

MARCH 10, 2020

As more technology emerges to sit between a company’s accounts payable (AP) platform and its vendor’s accounts receivable (AR) portal, service providers are looking to ease friction in a multitude of ways, from accelerating payments and cash flows to easing contract negotiations. Crowdz Pilots Invoice Crowdfunding.

Accounts Payable 57

Accounts Payable Invoicing B2B Vendor Management 57

The Charity CFO

MARCH 2, 2022

I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. For more nonprofit accounting resources check out www.thecharitycfo.com. ?? You used to audit nonprofit organizations back in the day, similar to me, but while I was the CFO of a nonprofit, you were my auditor.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

PYMNTS

SEPTEMBER 29, 2020

Advances in artificial intelligence (AI) and automation technology has introduced a whole host of ways to help corporate finance teams from accounts payable (AP) to accounts receivable (AR) recover hours lost to what has traditionally been manual tasks.

Cash Flow Forecasting 59

Cash Flow Forecasting Accounts Payable Invoicing Corporate Finance 59

PYMNTS

SEPTEMBER 25, 2018

Enhanced data security and analytics are at the top of chief financial officers’ priority lists among both private and public companies, according to new data from auditing and advisory service provider Protiviti. For example, 72 percent of CFOs rated their prioritization of virtual currencies to be between levels one and three.

Prioritization 67

Prioritization Corporate Finance Education Finance 67

PYMNTS

OCTOBER 9, 2019

Often, accounts receivable challenges can cause significant disruptions to operations, and those consequences can ripple along the supply chain both up and downstream. That friction is all about data, and the freight bill audit pay process that involves analyzing a carrier’s invoice to assess its accuracy.

B2B 46

B2B Auditing Invoicing Reconciliations 46

Michigan CFO

SEPTEMBER 29, 2021

What once was known as a role for managing a company’s finance and accounting has changed into a role that concerns far greater responsibilities with new expectations. However, if your CFO possesses deep manufacturing experience, then you can better prioritize investments that provide tangible business benefits.

Manufacturing 52

Manufacturing CFO Compliance Forecasting 52

The Finance Weekly

APRIL 27, 2022

In order to mitigate check and payment tampering risk, for example, first address delegation of responsibility issues, utilize check logs, leverage the bank’s positive pay controls, and then review account reconciliations. If formal policies are not in place, first prioritize where to start (i.e.,

Leadership 52

Leadership Financial Planning and Analysis (FP&A) CFO Communication 52

The Finance Weekly

JULY 31, 2023

Artificial Intelligence (AI) is gradually revolutionizing various industries, including the field of accounting and finance. They highlighted how AI technology is transforming the way finance and accounting teams work with data and make decisions. He has also launched the first Chat GPT for the finance training program.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52

Collectiv

FEBRUARY 2, 2022

By prioritizing adoption and the employee experience, Power BI helps enterprise teams optimize operations, increase profits, and see incremental ROI year after year. Identifying the following roles and responsibilities early on for each team boosts adoption by creating accountability: Dataset Owner.

Education 52

Education Benchmarking Prioritization Data Analysis 52

PYMNTS

SEPTEMBER 22, 2016

“It’s really about the competitive advantage and time to transaction, plus auditability and consistency,” Khosla said of banks’ need to onboard corporate clients quickly, while remaining compliant — one of the largest pain points, she added, for financial institutions. ” Khosla said.

Banking 75

Banking Compliance Prioritization Auditing 75

Planful

OCTOBER 19, 2021

Including transparent disclosures about executive compensation in your company’s annual report is key to practicing good governance and remaining accountable to your stakeholders—be it shareholders, investors, or employees. CFOs are in the ideal position to lead ESG efforts through standardized, audited ESG reporting.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Auditing Communication 40

CFO News Room

NOVEMBER 19, 2022

Health Savings Accounts (HSAs) have become an increasingly popular tool for consumers , particularly those in good health and with extra income to save. Additionally, unlike Flexible Spending Accounts (FSAs), there is no deadline for the contributions to be spent. cash management programs ). While SECURE 2.0

Planning 130

Planning Leadership Healthcare Accounting 130

The Finance Weekly

JULY 19, 2022

Every business performs accounting as part of its standard operations. Ensuring that the company's accounts and finances are audit-ready at closing. Assess utilization, analyze workload, prioritize and distribute resources, and visualize how time is spent. This places them at the strategic core of the organization.

Financial Planning and Analysis (FP&A) 96

Financial Planning and Analysis (FP&A) Budgeting Forecasting Finance 96

BlueLight

AUGUST 21, 2020

In these conversations, I observed that each finance leader had a different perspective and approach when engaging with their financial accounting partner. I expanded our service offering to include outsourced finance, accounting, HR and compliance. Accounting ?—?Many Accounting is our most utilized service.

Planning 52

Planning Marketing Startups CFO 52

CFO News Room

NOVEMBER 1, 2022

We are going to thoroughly analyze this organization from top to bottom, left to right, race, by gender, by division, and we’re going to do a pay audit or an equity pay. And I think the leaders have to hold the managers accountable for doing things differently. So there are specific people in the organization.

Leadership 100

Leadership Construction Budgeting Planning 100

Barry Ritholtz

NOVEMBER 14, 2023

You’re in the board meetings, you’re in the compensation meetings, you’re in the internal audit meetings. So we do manage money for the Prudential general account, but it tends to be in equities. She prioritized watercolor, painting and tennis equally with her job as a general counsel of a big firm.

Math 52

Math Leadership Investments Entertainment 52