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10 Tips for Nonprofit Financial Health

The Charity CFO

Define Expectations Through Benchmarks and Other Metrics Before you can figure out if your nonprofit is healthy, you have to define what healthy means to your organization. Work with stakeholders like donors, fundraising heads, program leaders, and others to determine what metrics and benchmarks should be used.

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Frances Lawrence, CFO, FISCAL Technologies

CFO News Room

“I needed to feel confident that if someone did come in to audit us, those numbers were solid and credible. This may not be necessarily what auditors are interested in, but this is really important to us as a business and it’s how we benchmark ourselves against competitors.”. I had to really believe in them.”. Frances’ power profile.

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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

As they assist in compliance audits and the monitoring of internal controls to ensure that everyone within the company does their job correctly, they are also expected to thrive and flourish amid the challenges along the way for the benefit of the organisation.

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Emerging risks for enterprises now includes Generative AI

Future CFO

“Generative AI was the second most-frequently named risk in our second quarter survey, appearing in the top 10 for the first time,” said Ran Xu director, research in the Gartner Risk & Audit Practice. Flawed financial planning assumptions.

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One City Plans To Run Entirely On Blockchain

PYMNTS

It has multiple applications in the logistics industry, especially related to supply chains, insurance, payments, audits and customs brokerage,” said UPS Director of Enterprise Architecture and Innovation Linda Weakland, according to TechCrunch. Governments’ Blockchain Moves.

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Salesforce Launches Sustainable Products For Eco-Friendly Businesses

PYMNTS

With the Sustainability Cloud, though, there can now be a greater accountability in terms of “peer benchmarking, anonymized data to track progress, communities to share best practices, and ways to input supply chain information,” Flynn said. It’s also pushing other companies to join it in meeting that goal.

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Preparing Your Finance Organization for the New Era of AI

CFO Leadership

Generative AI can provide the “why” behind financial analyses AI’s integration into financial planning is reshaping how financial professionals can extract valuable insights from data, make more accurate projections, and optimize planning processes alongside business leaders. In a recent Robert Half survey , 38% of U.S.