Remove Accounts Payable Remove Communication Remove Financial Analysis
article thumbnail

From Controller to CFO: What Changes?

CFO Talks

Financial Analysis: The CFO decides what financial analysis to do to improve the business and shares these insights with other department heads. Communicate: Keep talking to your team, especially the Controller, to ensure you’re all aiming for the same goals.

CFO
article thumbnail

From Necessary Evil to Mission Fuel: The Strategic Role of Nonprofit Financial Statements

The Charity CFO

This information is crucial for financial planning, budgeting, and identifying potential areas of revenue growth. It enables financial analysis to identify cost-saving opportunities, manage expenses, and ensure efficient resource allocation. accounts payable, loans).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What Controllers Can Do to Help Leverage FP&A Solutions

The Finance Weekly

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.

article thumbnail

Finance vs. Accounting

CFO Simplified

Leaders in finance are most successful when they have skills in communication, quantitative analysis, financial planning, and team building. Accounting focuses on the day-to-day flow of money in and out of a business. . Accounting teams are responsible for: Invoicing. Recording and paying accounts payable invoices.

article thumbnail

Shared services raise the efficiency of the finance function

Future CFO

In the finance function, basic accounting processes like accounts payable, payroll and purchasing are often allocated under the shared services model. This allows the organisation’s core finance and accounting (F&A) operations to concentrate on more strategic work, such as financial analysis and planning. "We

article thumbnail

The best software for financial close and overview of the process

Spreadym

These entries correct errors, allocate costs, or reclassify transactions to the appropriate accounts. Subsidiary Ledgers and Reconciliations: Subsidiary ledgers, such as accounts receivable and accounts payable, are reconciled to the general ledger to ensure consistency and accuracy.

article thumbnail

AIs Impact on Corporate Finance

The Finance Weekly

His expertise spans financial analysis , budgeting, business partnering, financial storytelling, excel, and audit. Robotic Process Automation (RPA) has played a significant role in the automation of accounts payable processes, offering numerous benefits. The way we communicate may be new, but it is here to stay.