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The Role of Controller: Why Systems Trump Strategy

https://trustedcfosolutions.com/feed/

Without the accurate oversight of revenue, accounts payable, inventory, and billing, a business could go from burgeoning to bust. A controller acts as one of these key players, routinely analyzing and monitoring a company’s financial standing.

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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

Virtual CFOs offer a range of financial services tailored to the specific needs of businesses. Virtual CFOs act as strategic partners, helping businesses navigate financial challenges and capitalize on opportunities. Budgeting: Virtual CFOs help businesses develop comprehensive budgets that align with their objectives.

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Comptroller vs. Controller: What Is the Difference?

Michigan CFO

A chart of accounts is an index in a company’s general ledger that gives you a simple breakdown of all transactions carried out within a specific time. Developing internal financial control. They are responsible for budgeting resources and making financial decisions according to the approved budget and funds available.

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Change Management: The Modern CFO’s Blueprint 

CFO Talks

Leading by Example Consider a CFO who champions the adoption of a new cloud-based financial system. 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.

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After Adoption, Consolidation Of Payments Tech The Next Hurdle For Treasurers

PYMNTS

Years of growth and expansion can make the task of upgrading existing legacy financial, ERP and accounting systems a monster of a task. Add in the disparate systems of other companies acquired over the years, and streamlining existing financial systems can seem next to impossible.

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Deep Dive: A Digital Prescription For Treating The Medical Sector's Manual AR, AP Pains

PYMNTS

Respondents in a June survey of healthcare provider chief financial officers said they expected notable drops in revenue this year and that their firms would have to make reductions in spending. Embracing digital tools could help free up time and funds at a time when many businesses are more focused than ever on easing their budgets.

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Cleaning Up the Skeletons in Your Financial Closet

The Charity CFO

She focuses on helping new clients feel more confident about their financial records by re-engineering financial systems and minimizing opportunities for errors. You could also determine that by looking at their accounts payable, like, why aren’t we paying bills? In this episode, you’ll discover….