CFO News Room

NOVEMBER 30, 2022

And yet, despite the prominent role of taxes in financial planning, advisors are often prohibited by their compliance departments from making recommendations for a specific course of action on a certain tax strategy. Affects how much can be saved to pre- and after-tax accounts ! Property and casualty insurance? Credit card rewards ?

Tax Planning 130

Tax Planning Compliance Planning Communication 130

Bramasol

APRIL 15, 2024

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation.

SAP 90

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 90

PYMNTS

MAY 13, 2020

Speaking with Karen Webster, Citi Commercial Bank Senior Vice President and Treasury Sales Officer Thor Perplies described the experience of working with Flywire to facilitate the movement of funds from the U.S. to China within only a few hours in order to secure a PPE shipment for healthcare providers.

Healthcare 81

Healthcare B2B Foreign Exchange Nonprofit 81

PYMNTS

MARCH 30, 2017

“The tension that the CFO is experiencing between priorities inside and outside of the finance function increases the need to streamline processes through technology, which, in turn, promotes more integration between finance, risk, treasury and operations.”. There are other ways CFOs are being pulled in two directions, too.

CFO 51

CFO Strategic Planning Corporate Finance Risk Management 51

PYMNTS

MARCH 14, 2017

Whether it’s checking a bank account balance or placing an order online, consumers expect fast, convenient and immediate results. Now, a number of individual network solutions like Visa Direct also support a push versus pull of funds so that money can instantly be funded back to a card or account.

Reconciliations 40

Reconciliations Accounting Treasury Banking 40

CFO Leadership

MARCH 31, 2022

Global operations make it more challenging for small treasury teams in mid-market companies to handle day-to-day operations efficiently and securely. New currencies, global banking structures, regional regulations, disparate processes, and disconnected systems all add complexities to the treasury operations. And they need technology.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Future CFO

APRIL 7, 2022

He comments that most accounting graduates have more exposure to Excel than finance-related software solutions through their college education), lethargy to pick up new technologies, and sometimes difficulty in getting approval for finance technology investment. Lee Chee Leong. banking fees). including those in the finance department ?

Finance 98

Finance SAP Leadership Cash Management 98

Bramasol

MAY 6, 2022

As with real world debt, Digital Debt must be serviced with high on-going costs; primarily in the form of low productivity, time-consuming data reconciliation, lack of end-to-end visibility and continuous maintenance updates. Adopting standalone solutions to meet compliance requirements deadlines. Sources of Digital Debt.

SAP 71

SAP Finance Reconciliations Leverage 71

PYMNTS

OCTOBER 8, 2018

The tool would target businesses’ inter-company transactions for streamlined payments, bookkeeping and reconciliation. Research from Deloitte published in 2016 found that inter-company accounting can be a particularly high-risk operation and introduce more friction to company processes. Banking Tech reports on Monday (Oct.

B2B 51

B2B Reconciliations Compliance Treasury 51

Strategic Treasurer

MARCH 21, 2022

Treasury Fraud & Controls. With your help, we’ve consistently found that fraud is a top ranking concern for treasury. This annual survey seeks to evaluate the current and projected impact of fraud on the finance and treasury environment. Bank Account Management, Reconciliation & Compliance Practices.

Treasury 52

Treasury Reconciliations Education Risk Management 52

PYMNTS

APRIL 17, 2018

It caught the Treasury Department, which oversees financial services regulation for the cannabis sector via its FinCEN (Financial Crimes Enforcement Network) branch, off-guard. They need to run compliance. There is a whole lot of compliance that goes into being able to bank one of these customers. It’s very labor-intensive.”.

Accounts Payable 40

Accounts Payable Compliance Banking Reconciliations 40