The Charity CFO

JANUARY 8, 2025

As the leader of one of Minnesota’s most impactful environmental organizations, Hoffman shared valuable insights on strategic planning, measuring impact, and creating a healthy work culture. The strategic plan helps the organization focus on its unique strengths and strategic advantages, particularly in legal expertise.

Leadership

CFO Talks

NOVEMBER 20, 2024

Members’ Spotlight: Charles Westermeyer In this edition of CFO Club Africa’s Members Spotlight, we are introducing Charles Westermeyer , a seasoned financial professional and the current Director of Bluline Accounting Tax Assurance (Pty) Ltd , where he has been making a significant impact since 2016.

CFO

Barry Ritholtz

MAY 6, 2025

Because what we would do is we would parachute into places like British Airways, Montreal Trust Ca Industries, and we were like the external strategic planning. So at the time, well, I left the floor beginning of 95 and started deploying just the money I’d earned on the floor in off floor trading account.

Profit and Loss

The Charity CFO

DECEMBER 11, 2024

Co-creation and Collaboration: Involving team members in strategic planning and decision-making processes helps tap into diverse perspectives and innovative ideas. Develop Leadership Manifestos: Encourage leaders at all levels to articulate their values, principles, and leadership style, promoting transparency and accountability.

Nonprofit

Embark With Us

MARCH 20, 2025

It involves reconciling disparate accounting methods, financial software, ERP systems, and reporting standards to create consistency across systems and processes. Inconsistent data can lead to inaccurate or flat-out incorrect conclusions, affecting everything from budgeting to strategic planning.

Healthcare

PYMNTS

FEBRUARY 20, 2019

One of the most popular targets for innovators is the accounting space, where business processes touch on various aspects of an overall company, from accounts receivable and payable to cash forecasting and financial strategy development. This has introduced a new dynamic for the small business accountant.

Accounting

VCFO

JANUARY 23, 2023

Five Key Aspects of Accountability in Your Business Inflation issues and supply chain woes aren’t going away anytime soon. To manage effectively, minimize negative business impacts, and gain a competitive edge in a disruptive environment like the one we find ourselves in now, strategic clarity and a strong supportive plan are musts.

Accounting

Focus CFO

DECEMBER 6, 2021

Some business owners downplay the complexity of Financial Planning and Analysis (FP&A) and mistakenly task their accounting team with this crucial function, or hope their CPA firm can be of help. This is the first step in improving FP&A and will continue to inform strategic decision- making throughout the company’s lifecycle.

Financial Planning and Analysis (FP&A)

Fpanda Club

SEPTEMBER 2, 2021

Performance management is a range of practices which a company uses to measure its performance and communicate results. Linked with financial planning, analysis and reporting, business performance management becomes an inalienable part of the FP&A teams’ activities. Turning to soft skills, it’s not so easy here.

Financial Planning and Analysis (FP&A)

CFO Simplified

DECEMBER 12, 2021

The terms “finance” and “accounting” are often used interchangeably. There are, however, very real differences between finance and accounting. While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category.

Accounting

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting. Benefits of Nonprofit Accounting Services. Nonprofit organizations exist to further a mission or goal.

Nonprofit

CFO Talks

JUNE 13, 2023

This initiative has attracted prominent CFO associations, including South Africa’s leading African CFO Association, CFO Club, represented by the Chartered Institute for Business Accountants (formerly SAIBA). Several key initiatives were discussed and will shape the alliance’s future activities.

CFO

CFO Simplified

JULY 22, 2022

Contact each of your open accounts. Establish a policy so it’s handled uniformly, then communicate it to everyone. A business plan isn’t something that you just create when you start a company, it’s a strategic plan for how you’re going to manage and grow over the next two, five, and 10 years. Examine your open AR.

Cash Flow Forecasting

CFO News Room

DECEMBER 16, 2022

Financial managers are responsible for developing long-term financial plans, directing investment activities, and generating financial reports for their company. They may work in various industries, such as investment firms, accounting firms, banks, or the government. Senior Accountants. Insurance Advisor. Investment Banker.

Finance

VCFO

NOVEMBER 1, 2023

A common outcome of this mindset is a rationalization on the part of the CEO that they (perhaps along with the CFO) can adequately represent the views of People Ops as strategic planning commences, check some HR-oriented items off the list themselves, and not bring focused People Operations expertise to the table.

Strategic Planning

CFO Share

JULY 16, 2024

A controller primarily oversees accounting processes, ensuring accurate financial records and compliance with regulations. In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. CFOs must also be excellent communicators.

Financial Planning and Analysis (FP&A)

Future CFO

FEBRUARY 9, 2023

Reflecting on the recent surge in digital transformation within the insurance sector, Boon Boon Lim , head of finance for QBE Malaysia and head of finance operations for QBE Asia, added: “Our business landscape necessitates strong digital infrastructure and capabilities to work, partner and communicate effectively.

Finance

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.) It is important to ensure that is happening.

Finance

Fpanda Club

FEBRUARY 5, 2024

Moreover, over 30% of finance leaders still do not have a seat at the table during strategic planning discussions. It is extremely important to ensure this specific positioning of the finance business partners with their business focus and proactive approach in regards to other finance, accounting and controlling roles.

Finance

CFO Talks

OCTOBER 31, 2024

Can you share some career highlights and defining moments? I began my career at KPMG and became a Chartered Accountant, then moved on to Kingsley Heath, where the COO said to me, “Come work for me, and I’ll teach you how to run a business.” Collaboration and open communication are also central to how I tackle difficulties.

CFO

Fpanda Club

APRIL 18, 2022

To perform these functions marketing, as a discipline, possesses a wide range of tools and techniques that can be used to analyze data, verify hypotheses and communicate information. SWOT SWOT stands for the analytical tool to uncover Strengths, Weaknesses, Opportunities and Threats and is frequently used in strategic planning exercises.

Financial Planning and Analysis (FP&A)

Fpanda Club

MARCH 28, 2021

This article describes the FP&A maturity assessment model focused on major tasks of the function (strategic planning and budgeting, forecasting, analytics, management reporting, performance management and decision support) and built around 3 key areas – processes, tools/systems and people.

Forecasting

CFO Talks

OCTOBER 25, 2023

The journey from a Chartered Accountant (CA) to a Chief Financial Officer (CFO) is a transformative one, requiring a shift from technical expertise to strategic leadership. Key competencies include staff planning, project management, and corporate finance.

CFO

Spreadym

NOVEMBER 8, 2023

Empowerment: Employees and managers at different levels are empowered to take ownership of their budgets and are more accountable for their financial performance. This can lead to more effective strategic planning. With greater transparency and accountability, such practices are less likely to occur.

Budgeting

CFO Simplified

FEBRUARY 13, 2022

Strategically plan for the company’s future . If your company is struggling with cash flow issues, there may be hidden inefficiencies, accounting practices, and operational issues that can be addressed by a CFO who looks at the big picture. Weaknesses in internal controls account for nearly half of all corporate fraud schemes.

CFO

Centage

AUGUST 15, 2022

With driver-based planning, companies identify a set of factors that influence their success and model that data to better understand its impact. Managers can then run scenarios with the drivers to improve long-term strategic planning.

Budgeting

The Charity CFO

NOVEMBER 23, 2022

They handle all payroll and accounting functions and manage investments and fundraising efforts. A Bachelor’s Degree In Accounting, Finance, Or A Related Field Is Required. A bachelor’s degree will give the candidate a strong foundation in accounting and finance principles, which is essential for the role.

Nonprofit

The Charity CFO

JUNE 27, 2024

This process should include: Clarifying the vision, mission, and values of the organization Developing a strategic plan for the organization Establishing clear goals and objectives, such as defining nonprofit KPIs Defining and clarifying the goals and mission of your organization sets you up as a successful leader.

Nonprofit

The Finance Weekly

OCTOBER 13, 2021

CPM involves a greater emphasis on improving communication and business strategies within a company. The responsibilities of controllers today extend to more than just accounting and forecasting; FCs are now expected to engage in business administration and financial planning. New FC Competencies and Their Relation to CPM.

Financial Planning and Analysis (FP&A)

Trade Credit & Liquidity Management

APRIL 30, 2025

Many managers in this situation would communicate the targets to their team, periodically check in on progress, and step in when the performance did not meet expectations. Why Planning Beats Just Doing It’s tempting to charge ahead, especially when the pressure is on. Accountable: CFO, Treasurer, Credit Manager.

Forecasting

CFO Simplified

JANUARY 9, 2022

Banks do not know how your specific business has been affected, therefore communication is key. Arrange for a meeting to discuss your plans, your concerns and tell them the kind of help that you’re going to need to get this process started. . Examine your open Accounts Receivable. Contact each of your open accounts.

Cash Flow Forecasting

Spreadym

OCTOBER 3, 2023

FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financial analysis, modeling, and strategic planning. Experience: FP&A candidates may have prior experience in financial analysis, accounting, or related roles.

Financial Planning and Analysis (FP&A)

VCFO

JUNE 19, 2023

While it’s unlikely that one could find an executive that disagrees with this sentiment, manufacturing entities nonetheless often operate in isolated silos with inadequate communication and interaction between the production units and the corporate team. It also shows respect. Teams, Slack, etc.), and video can also be leveraged.

Prioritization

The Charity CFO

JUNE 7, 2023

Stakeholder Communication : Serves as a transparent communication tool for stakeholders, including donors, board members, and grant-making organizations. accounts payable, loans). Strategic Uses Strategic Planning : Contributes to strategic planning by providing information on the organization’s cash flow patterns.

Nonprofit

Future CFO

SEPTEMBER 9, 2024

Once the CFO’s mindset is aligned with the four attributes, the next step is to demonstrate and model corresponding behaviours and communications with the finance team. Further, the questionnaire required the respondents who managed specific finance and accounting responsibilities. All industry segments qualified for the survey.

Finance

https://trustedcfosolutions.com/feed/

SEPTEMBER 26, 2022

Your business needs the clarity and insight for multi-level planning and budgeting. Strategic planning becomes a complex and tedious process when there are numerous spreadsheets, multiple sets of numbers, and several documents to sift through. Sage Intacct helps you easily collaborate and plan across departments in real time.

Budgeting

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)