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. Our experienced team of financial and accounting professionals specializes in nonprofits. That’s where The Charity CFO comes in.

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Nonprofit Leadership Benchmarking Leverage 52

The Charity CFO

DECEMBER 20, 2023

How does one help clients understand their benchmarking? An organization is comparable to another within the same industry, and therefore they use each other to gauge success when it comes to meeting KPI goals and industry benchmarks. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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Nonprofit Benchmarking Healthcare Restructuring 52

CFO Talks

MARCH 20, 2024

The modern CFO: Guardian, Change-maker, Manager, Planner To help new accountants get ready for a CFO role at large companies, the Institute of Chartered Accountants of Ontario (ICAO) and Queen’s University conducted extensive research on the roles of the CFO. Strategist (Planner) , plotting the company’s financial future.

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CFO Compliance Performance Measuring Education 52

CFO Talks

MARCH 14, 2024

Construct Reliable Control Systems: Ensuring the integrity of financial systems and controls is crucial. The CFO must review existing controls, identify any gaps, and implement improvements to safeguard the company’s assets and ensure accurate financial reporting.

CFO 40

CFO Performance Measuring Benchmarking Restructuring 40

Centage

DECEMBER 1, 2021

But times have changed – which is why financial forecasting is more important than your annual budget. They’re focused less on benchmarking current performance to the predicted budget and instead want to leverage real-time data to understand what the future looks like. Finance at the Speed of Business. Watch Demo.

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

Michigan CFO

JUNE 7, 2023

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. What Do Virtual CFOs Do?

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CFO Problem Solving Budgeting Communication 52

Adam Kae

JULY 17, 2023

It's important to have a specialized hire to help you go over industry benchmarks, historical data analysis, and forecasting techniques to enhance your decision-making process. We'll also cover cash flow forecasting techniques and risk management to minimize financial uncertainties.

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CFO Marketing Cash Flow Forecasting Budgeting 52

Future CFO

MARCH 1, 2023

Gartner says finance transformation encompasses strategic initiatives designed to revolutionise the way the corporate finance function manages its strategy, processes, internal controls, and financial reporting. They also help to ensure accountability and alignment across the organisation.

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Finance Benchmarking Compliance SAP 91

The Finance Weekly

NOVEMBER 27, 2023

Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. This measure aids in predicting future profits and establishing profitability goals and benchmarks.

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Budgeting General Ledger Concentration Benchmarking 52

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. AI is a tool and not a replacement for finance professionals.

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

PYMNTS

APRIL 26, 2020

Digits for Expenses gives business owners the ability to see financial reports in real time and automatically analyze costs to evaluate activity, trends and anomalies. million Series A funding round led by Benchmark. Digits was created by the team responsible for building Crashlytics, which was sold to Twitter in 2013.

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Benchmarking Startups Finance Investments 60

Collectiv

JUNE 13, 2023

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. Financial management statements and reports provide the necessary information for stakeholders to monitor compliance.

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Nonprofit Leverage Budgeting Analyzing Data 52

Future CFO

AUGUST 30, 2021

According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. What makes for a sought-after chief finance professional (CFO)?

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

MAY 30, 2023

Organizations should establish a formal process for reviewing and determining the executive salary based on industry benchmarks. Accurate and thorough completion of Form 990 is crucial for nonprofits to maintain their tax-exempt status and showcase their commitment to transparency and accountability. Get the free guide!

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Nonprofit Compliance Benchmarking CFO 52

The Charity CFO

JUNE 26, 2023

As mentioned above, expenses will primarily fall into one of three categories: Program expenses Fundraising expenses Administrative expenses While program expenses are the core of your organization’s mission, fundraising and administrative costs also need to be properly accounted for to keep the lights on. But the work isn’t over.

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Nonprofit Budgeting Benchmarking CFO 52

Spreadym

JUNE 27, 2023

This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. Compliance and Regulation: Financial Planning and Analysis ensures compliance with financial regulations, accounting standards, and reporting requirements.

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

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Treasury Auditing eCommerce Cash Management 52

CFO Talks

MARCH 19, 2024

By attending project meetings, participating in training sessions alongside team members, and being among the first to use the new system for financial reporting, the CFO not only shows a personal stake in the initiative’s success but also signals the importance of adaptability and continuous learning.

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CFO Communication Finance Budgeting 52

Planful

DECEMBER 28, 2016

To discuss the topic of financial reporting tips that will help create a smoother year-end close, Planful, in cooperation with CFO.com, invited thought leaders from The Hackett Group to participate in a webinar titled, The CFO Playbook on Financial Reporting: Tips for a Smoother Year-End Close. Increased SOX controls.

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Benchmarking Reconciliations Data Analysis Technology 40

PYMNTS

MARCH 14, 2016

10,000 businesses have accessed financing via Swift Capital , the company said in its most recent financial report. The firm detailed its growth over 2015, reporting 87 percent year-over-year revenue expansion and a milestone of providing more than $500 million to SMEs.

B2B 40

B2B Invoicing Benchmarking Finance 40

The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? However, running a nonprofit comes with unique challenges that require specialized expertise, particularly in financial management and accounting. Grant Accounting Many nonprofit organizations rely on grants to fund their programs and services.

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Nonprofit Accounting Firms Accounting Auditing 52

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.

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Risk Management CFO Budgeting Benchmarking 40

VCFO

NOVEMBER 1, 2023

These actions might include: A blitz on collection of past due receivables to reduce cash tied up in past due accounts, reduce bad debt exposure and improve DSO (days sales outstanding – a metric often scrutinized by lenders). Read more in our blog about Lease Accounting Updates.) audited or reviewed financial statements).

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Finance Strategic Planning Auditing CFO 91

The Charity CFO

AUGUST 14, 2023

However, this often comes at the expense of their personal relationships, leisure time, and, naturally, their bank accounts. Unfortunately, under-compensating founders can have negative effects in the future if they burn out or need to leave to find another job for financial reasons. Get the free guide!

Nonprofit 52

Nonprofit Benchmarking CFO Leadership 52

The Charity CFO

SEPTEMBER 25, 2023

That’s why it’s dangerous to rely on low overhead costs as a benchmark for effectiveness. Do You Struggle to Make Sense of Your Financial Statements? Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances.

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Nonprofit Budgeting Benchmarking CFO 52

Planful

APRIL 26, 2017

According to a recent benchmark survey by APQC, the bottom performers take 12 days or more to close the books and report their results to management. Then there is additional time spent on external financial reporting and creating regulatory filings. Consolidating their results following multiple accounting guidelines.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Value-Added Analysis Auditing Benchmarking 40

Planful

AUGUST 1, 2017

According to a 2014 study by APQC benchmarking the financial close process, the bottom performers took 12 days or more to close and report their results to management. Then there’s additional time spent on external financial reporting and filings. The best performers were able to get this done in 5 days or less.

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GAAP Value-Added Analysis IFRS Auditing 40

Planful

OCTOBER 5, 2021

Who could argue with fewer days spent in consolidation, forecasting, and reporting? But a speedy month-end close isn’t just good for accounting—it’s also good for the business. Within a short time, they were able to cut down on financial reporting times by 80%. You can learn more about their story here.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Benchmarking 40

Barry Ritholtz

SEPTEMBER 12, 2022

And so, with this gave me exposure to everything from investment banking to retail, looking at like checking account campaigns, like how do you get more assets in the door to credit risk. And ultimately, to make a very long story short, I fell in love with derivatives. So derivatives were a part where I was very intimidated. RITHOLTZ: Right.

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Investments Marketing Profit and Loss Banking 114

Onplan

NOVEMBER 30, 2022

Benchmarking and KPI tracking across the organization to stay on course. Ad hoc reporting and visualization. Financial and business performance management. OnPlan is a highly-rated financial planning and analysis platform that offers powerful analytics and forecasting capabilities along with attentive customer support.

Financial Planning and Analysis (FP&A) 52

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