The Finance Weekly

NOVEMBER 27, 2023

This measure aids in predicting future profits and establishing profitability goals and benchmarks. Accounts Receivable Turnover Ratio Your accounts receivable turnover ratio indicates how efficiently you collect cash from credit sales. Unlike the gross profit margin, it considers all expenses, not just direct costs.

Budgeting 52

Budgeting General Ledger Concentration Benchmarking 52

E78 Partners

SEPTEMBER 14, 2023

To guarantee they remain on the right course, having a solid plan and budget in place is paramount for ensuring success. Business Planning and Budgeting (BP&B) is a strategic, operational, and financial management process that organizations use to plan, allocate resources, and manage their business performance effectively.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Financial Modeling Benchmarking 52

PYMNTS

DECEMBER 11, 2017

Accounting software that boosts automation isn’t taking jobs away from human accountants. But it is altering the profession, with more small businesses seeking advisory services from their accountants and bookkeepers. Accountants are starting to pay attention to upcoming disruption too. 61 percent of U.S.

Accounting 42

Accounting Benchmarking Accounts Payable CFO 42

The Charity CFO

MARCH 22, 2024

In addition to identifying KPIs, you’ll need to establish benchmarks for success. After choosing KPIs and their benchmarks, you can start incorporating data insights into strategic planning. For example, historical financial data can help you with budgeting or creating financial forecasts for your organization.

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

Spreadym

NOVEMBER 23, 2023

Comparative Analysis: Comparing OPEX with industry benchmarks or competitors allows businesses to benchmark their performance. It helps in budgeting, setting realistic financial goals, and making informed strategic decisions. Deviations from industry standards can highlight areas for improvement or competitive advantages.

Financial Analysis 59

Financial Analysis Benchmarking Restructuring Cost Management 59

Michigan CFO

JUNE 7, 2023

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. Virtual CFOs leverage cloud-based accounting systems, collaborative tools, and remote communication to provide financial services to businesses on a part-time or “fractional” basis.

CFO 52

CFO Problem Solving Budgeting Communication 52

Planful

SEPTEMBER 22, 2016

What are some of the biggest problems with the annual budget, and how can teams improve budget planning? Budgets Are Simple and Yet So Complex. Budgets can be strange. After all, a budget is simply a financial plan for a set duration of the company, including the projected income and expenses of the business.

Budgeting 40

Budgeting Financial Planning and Analysis (FP&A) Strategic Planning Forecasting 40

VCFO

AUGUST 9, 2023

6 Operating Performance Metrics for Professional Services Firms Professional services firms come in all shapes, sizes, and types – law, accounting, architecture, engineering, field services, janitorial, specialized consulting, and the list goes on. To capture Direct Labor, most firms need some sort of time-tracking system.

General Ledger 83

General Ledger Benchmarking Leverage Budgeting 83

Adam Kae

JULY 17, 2023

From budgeting and forecasting to optimizing revenue streams, we'll cover essential considerations to empower your agency's growth journey. Mastering Budgeting and Forecasting Optimizing financial planning is crucial. CFOAdam takes a holistic view of your finances because every decision you make impacts your finances.

CFO 52

CFO Marketing Cash Flow Forecasting Budgeting 52

Spreadym

JUNE 27, 2023

It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making. Budgeting : Financial Planning and Analysis teams develop budgets that align with the organization's strategic goals and financial forecasts. The primary objectives of FP&A.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Financial Analysis Budgeting 52

Future CFO

SEPTEMBER 17, 2019

New Gartner benchmark study reveals 92% of HR leaders are prioritising budgeting and cost optimisation initiatives. During all phases of the economic market cycle, HR functions should regularly benchmark their internal data regarding their talent base (e.g., That’s the good news. Cross-function efforts.

Benchmarking 52

Benchmarking Budgeting Economics Forecasting 52

Spreadym

JULY 14, 2023

Some common types of financial models include: Budgeting and forecasting models : These models are used to estimate and plan future financial performance by projecting revenues, expenses, and cash flows over a specific period. Financial models can take different forms depending on their purpose and complexity.

Financial Modeling 52

Financial Modeling Mergers and Acquisitions (M&A) Valuation Budgeting 52

Centage

JANUARY 4, 2022

It’s that time of year again when many organizations are busy setting business objectives and planning budgets for the next fiscal year. It offers a critical benchmark for comparison enabling stakeholders to see progress or areas of weakness within a given timeframe.

Financial Reporting 94

Financial Reporting Budgeting Accounts Payable Benchmarking 94

Spreadym

AUGUST 17, 2023

Data Integration : Dashboards often pull data from various sources, such as accounting software, ERP systems, CRM systems, and other data repositories. The choice of tool depends on factors such as the organization's size, industry, budget, and specific reporting requirements.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

Fpanda Club

MAY 17, 2022

Budget and annual planning cycle - these words can make many people tremble. There are many reasons to hate budget effort. Indeed, it usually takes several months to run the budget cycle. On average, companies build 5 versions of the budget before final approval. Too many iterations. Too many people involved.

Budgeting 147

Budgeting Planning Benchmarking Leadership 147

Spreadym

MAY 23, 2023

The percentage used can be based on historical data or industry benchmarks. Balance Sheet Method The balance sheet method forecasts cash flows by analyzing changes in balance sheet accounts. Make adjustments to your projections to account for these non-cash items.

Forecasting 52

Forecasting Cash Flow Forecasting Budgeting Accounts Payable 52

Future CFO

MARCH 1, 2023

Photo by fauxels from Pexels: [link] A collaborative effort should be made to determine the technical requirements and capabilities needed, how to accommodate budgets and set appropriate timelines for initiative rollout. They also help to ensure accountability and alignment across the organisation.

Finance 91

Finance Benchmarking Compliance SAP 91

CFO News Room

NOVEMBER 4, 2022

They’ve identified three areas where organizations need to focus and invest to keep DEI momentum going: connecting a good strategy to the right accountability; collecting and analyzing the right data; and truly empowering DEI leaders. A good strategy is connected to the right accountable parties. . Collect and analyze the right data.

Investments 100

Investments Leadership Accounting Analyzing Data 100

VCFO

MARCH 2, 2023

Articulate a Clear Vision Businesses without a clear long-term vision often do have a recurring (typically annual) budgeting process that aims to turn a profit and keep the lights on, but that alone leaves them rudderless and prone to growth that’s extremely slow and painful. What type of exit or transition do you envision?”

Strategic Planning 64

Strategic Planning CFO Budgeting Planning 64

Collectiv

JUNE 13, 2023

Track Finances for Optimal Impact Nonprofits often have limited budgets, so they need granular insights into how and where they spend their money to make the most of these funds. At the same time, many nonprofits are accountable to their donors, leading to a need to show these external stakeholders how and where they’re spending.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

Spreadym

JUNE 6, 2023

It provides insights into the potential financial outcomes and helps in setting goals, budgeting, resource allocation, and evaluating the financial feasibility of projects or initiatives. It may be used for: Budgeting and financial planning: Financial forecasts are used to develop budgets and allocate resources.

Forecasting 52

Forecasting Budgeting Planning Financial Modeling 52

CFO Talks

MARCH 19, 2024

For example, a CFO who reallocates budget to fund critical training sessions for new financial software or hires external consultants to ensure a smooth transition, demonstrates the strategic priority of these changes. These KPIs serve as benchmarks to measure the organization’s progress toward its goals.

CFO 52

CFO Communication Finance Budgeting 52

Cube Software

MAY 11, 2023

Income accounts and balance sheet items, like accounts receivable and cost of goods sold, are analyzed to determine the percentage they contribute to total sales. The old data won’t take into account any big new changes so the results wouldn’t be particularly useful. Sorry, would-be laptop purchasers.

Sales 52

Sales Financial Planning and Analysis (FP&A) Forecasting Accounts Payable 52

Centage

AUGUST 1, 2023

Getting ready for budget season is a big task. If you don’t handle it effectively, you can struggle through the process to create a workable budget. Budgeting probably won’t be fun. Leaders would most likely rank “budget season” far down on the list of favorite times of the year.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) Benchmarking Communication 98

Future CFO

AUGUST 30, 2021

These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. Controllers: Companies don’t have access to historical data to benchmark their responses and performance against or help model future scenarios. But these are table stakes of the profession.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Problem Solving 52

Future CFO

APRIL 24, 2023

Boards expand competency in cybersecurity oversight The board’s increased focus on cybersecurity is being driven by the trend toward explicit-level accountability for cybersecurity to include enhanced responsibilities for board members in their governance activities.

Securities 52

Securities Risk Management Benchmarking Restructuring 52

PYMNTS

MARCH 6, 2020

UK Moves Closer to Big Four Accountancy Breakup. The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. The company told its clients on Monday that it was “experiencing a system-wide outage.”.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

The CFO College

MAY 12, 2021

Even though working remotely as your own boss is the dream of many bookkeepers and accountants, it’s too easy to find yourself struggling to make ends meet, hunting down payment from clients, and settling for any client who throws work at you. ” The answers to these questions give you a benchmark for success.

Education 52

Education CFO Investments Budgeting 52

PYMNTS

JANUARY 29, 2019

Much of that spend (nearly one-third, by Gartner accounts), will go toward investment in consulting and implementation services as companies seek guidance for changing cybersecurity regulations like GDPR in Europe. Less than half of IT professionals in the U.S.

Investments 59

Investments Compliance Education Benchmarking 59

The CFO College

APRIL 8, 2021

For many bookkeepers and accountants, working remotely is a reality that has breathed energy back into the passion they feel for their work and their life. You’ll also want to stay current on successful brands, along with trending operations, metrics, and benchmarking. Commit to Delivering World-Class Accounting to All Clients.

CFO 52

CFO Benchmarking Tax Planning Accounting 52

Planful

DECEMBER 28, 2016

This includes finalizing the budget as well as considerations for upcoming regulatory changes. Lack of a standard Chart of Accounts across divisions. The Hackett Group benchmark research shows that world-class companies will consolidate and close the month-end books within 3 days, and report within 2 days.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

PYMNTS

MAY 5, 2016

Judging from the latest Benchmark Report from CyberSource, online merchants are not only doing a great job of managing fraud, they are doing it across all online channels — and across all types of businesses. The Budget Balancing Act. Online fraud problem? What fraud problem? We do see a lot of upgrades there,” Schwegman said.

Budgeting 51

Budgeting Benchmarking Technology Leverage 51

CFO News Room

NOVEMBER 14, 2022

accountability partners that encourage and help each other to stick to goals), etc. The benefit of establishing Objectives and Key Results (OKRs) is that they serve as an accountability tool, keeping team members accountable for the types of activities that drive results. Support The Development Of New Associate Advisors.

Practice Management 130

Practice Management Planning Leadership Communication 130

PYMNTS

APRIL 2, 2018

In terms of operational risk, he said that a good system helps businesses capture all of their spend in one place at the line item level, enabling them to track spend versus budget down to the dollar and identify wasteful spending before it’s too late. Automation simply means moving from manual to electronic processes.

Accounts Payable 50

Accounts Payable Invoicing Benchmarking Numbers 50

Planful

OCTOBER 25, 2016

He cited the recent example at Wells Fargo with associates opening up new accounts for clients and collecting millions in fees for the bank due to its incentive compensation plan. A few of the panelists commented on this. Erik Charles from Xactly highlighted that incentives drive behavior in management.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

Future CFO

MAY 26, 2020

Asked what the priorities of the financial planning and analysis teams were in 2018, three-quarters of CFOs surveyed by FutureCFO between March and April 2020 picked planning, budgeting and forecasting as a key function of the department.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury Education 52

BlueLight

MAY 6, 2020

Board members in VC-backed startups are active minority investors and they are expected to join quarterly board meetings and vote on decisions such as budget approvals and equity grants. This is one way to hold yourself accountable. Let’s start by covering the legally required communication architecture. What did the team accomplish?

Communication 52

Communication Startups Finance Benchmarking 52