CFO Share

OCTOBER 13, 2023

To truly enhance efficiency, businesses should dive deep into workflow audits, identifying specific bottlenecks and process lags. Operational Efficiency This factor measures the efficacy of a business in converting its investments into profits. This metric is pivotal for startups and SMBs operating with limited resources.

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Forecasting Startups 52

PYMNTS

DECEMBER 1, 2016

For corporate payments, that could mean more accurate cash flow forecasting, fraud identification or more efficient reconciliation. For tax and auditing purposes, using transaction data provides a more accurate data trail of where an employee is and where he or she is spending corporate funds.

B2B 58

B2B Cash Flow Forecasting Auditing Reconciliations 58

Centage

SEPTEMBER 6, 2022

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Centage

SEPTEMBER 6, 2022

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations. Profitability modeling. Sensitivity analysis.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52