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Platforms like Hitachi iQ enable advanced financialmodelling and anomaly detection, while automation has reduced the burden of reconciliation and regulatory reporting, allowing teams to focus on strategic decision-making." Regular skills audits can help finance leaders understand where gaps exist," he says.
Cashflowforecasting. Preparation for annual audits. A team member in the finance department addresses how a business manages their money, from: Investing and borrowing. Growth planning . CFOs are part of the company’s internal finance team just as bankers, and CPAs, are part of the company’s external finance team.
FP&A teams are responsible for a variety of activities, including periodic financial close and consolidations, strategic and annual planning, monthly forecasting, cashflowforecasting, financial reporting, financialmodeling, and what-if scenario planning and analysis.
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