CFO Leadership

MARCH 31, 2022

They struggle to keep an overview on their cash and risk positions. A professional cash management solution can help to overcome these challenges. In the dark about global cash? Using simple tools, such as spreadsheets , or disparate solutions to manage complex operations leads to inefficiencies and errors.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Boston Startup CFO

APRIL 3, 2023

Additionally, you open yourself up to compliance and audit issues, and you’ll potentially decrease your chances of securing funding and financing. Robust contingency plans and proactive risk management strategies help organizations navigate unforeseen disruptions and maintain operational resilience.

Accounting 52

Accounting Accounting Principles GAAP Compliance 52

CS Lucas

MARCH 30, 2021

Maximize your value add by using a treasury management system for free. With the Essential Edition, all your cash management needs are met, you’ll have access to: . Unlimited: A treasury system that is designed to meet bespoke enterprise -wide security , audit and service level compliance. 2 accounting centres .

Treasury 52

Treasury Forecasting Cash Management Compliance 52

PYMNTS

MARCH 6, 2020

The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. The outage occurred as the stock market as a whole was trying to bounce back from the biggest loss of value in stocks as of the financial crisis.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

Beacon CFO Plus

JUNE 16, 2023

For example, common controls like external audits of financial statements and a formal code of conduct were in place at only 53 percent of small businesses (compared to 90 percent of larger organizations). They also found that one of the top weaknesses was a lack of business owner review.

Accounts Payable 52

Accounts Payable CFO Auditing Risk Management 52

PYMNTS

JUNE 10, 2019

Checks may not be as popular as in the past, but The Financial Times noted Deutsche Bank processes around 50,000 each year via its cash management units in the U.K. The paper reported that one of the six weaknesses was called a filtering gap that impacted checks written by corporate clients to foreign recipients. and Ireland.

Banking 55

Banking Auditing Cash Management Compliance 55

Future CFO

MAY 26, 2022

A third red flag for Ng is tax audit issues. "Typically, what we've seen is a lot of shared services are getting bigger and bigger, putting in more and more resources and bodies. But are they optimising it? If that there's a very big and costly team out there, something to look at," he suggested.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

Future CFO

MAY 21, 2020

At the same time, tactical responsibilities have not diminished, and the unpredictability of market conditions mean CFOs spend more time on functional tasks such as developing budgets, managing financial reporting, audit, and compliance. The post CFO guide to thriving with risk appeared first on FutureCFO.

CFO 52

CFO Auditing Risk Management Budgeting 52

Michigan CFO

SEPTEMBER 29, 2021

These systems include benefis for: Improving Controls: Deploy systems that improve financial oversight, audit tracking, and mitigate financial errors. Financial Planning: Better manage the operational components of cash management, borrowing, restructuring, and equites raises.

Manufacturing 52

Manufacturing CFO Compliance Forecasting 52

PYMNTS

MARCH 27, 2019

If a developer’s app uses Twitter’s API to mention a user or call up a user’s tweets more than 100,000 times a day, Twitter will now audit the app to identify if there is prohibited behavior taking place. Seeking to get ahead of similar scandals, Twitter aims to curtail suspicious activities by limiting how some of its APIs can be used.

B2B 49

B2B Communication Auditing Securities 49

Future CFO

SEPTEMBER 29, 2022

Chris Huff: I believe CFOs are extremely resilient and are equipped to focus on what the business needs — everything from increased compliance and governance and more auditable automation solutions to taking a cloud-first Software as a Service cloud-first approach. Do you expect CFOs to recommend scaling back on these initiatives?

CFO 52

CFO Finance Budgeting Auditing 52

PYMNTS

SEPTEMBER 15, 2017

Researchers said this can lead to higher costs from accountants and a higher risk of auditing come tax time. Further, 85 percent of small business accountants said a significant challenge to their ability to do their jobs is small businesses’ mixing of personal and business expenses.

Accounting 61

Accounting Auditing Cash Management Finance 61

PYMNTS

SEPTEMBER 22, 2016

“It’s really about the competitive advantage and time to transaction, plus auditability and consistency,” Khosla said of banks’ need to onboard corporate clients quickly, while remaining compliant — one of the largest pain points, she added, for financial institutions. ” Khosla said.

Banking 75

Banking Compliance Prioritization Auditing 75

Future CFO

FEBRUARY 10, 2021

When you are unable to audit or do something like that while at home, you realize the value of pushing more technologies,” she said. “I Like her, Suzie Tan , senior vice president for finance at Marina Bay Sands , noted that the pandemic helped her board and key stakeholders see the value of digitization.

CFO 52

CFO Finance Auditing Treasury 52

PYMNTS

AUGUST 18, 2017

Israch said the advantage to these new offerings is it encompasses one holistic system for all parties to manage finances throughout the payment life cycle, as well as helping to manage fraud and audit risks.

Accounts Payable 46

Accounts Payable Invoicing Compliance Auditing 46

PYMNTS

SEPTEMBER 20, 2017

Compliance and accounting are commonly viewed as obligations that businesses prefer to complete in the most efficient and smooth way possible,” said Deloitte private audit partner Mark Wayland in another statement. “By

Accounting 43

Accounting Compliance Auditing Technology 43

PYMNTS

JUNE 21, 2016

In the survey, the majority of businesses said they use all eight types of financing — cash management tools, commercial paper, debt financing, derivatives, equity financing, long-term loans, short-term loans and trade financing — on a routine basis, while 85 percent said they use at least four of these tools.

Economics 40

Economics Compliance Finance Auditing 40

BlueLight

JULY 30, 2020

Third is financing and cash management.” Security and Audit ?—?NetSuite NetSuite role-based permission can be very granular and includes audit trails illustrating who made field level changes including before and after data element changes. “There are three primary components to the CFO position. Application Access? —?NetSuite

CFO 52

CFO Financial Planning and Analysis (FP&A) Strategic Planning Startups 52

Boston Startup CFO

OCTOBER 29, 2012

Outsourcing your bookkeeping to the right firm will give you the support you need for cash management, AP/AR, financial close and taxes. Accountant: If your financial status doesn’t warrant hiring a CFO, you still need financial support; at the very least, you’ll need help with your day-to-day accounting and regulatory compliance.

Startups 52

Startups Mergers and Acquisitions (M&A) CFO GAAP 52

PYMNTS

NOVEMBER 22, 2016

For B2B buyers, they include the human error of manual data entry, the risk of fraud and a transparent audit trail; for the vendors managing accounts receivable, those challenges include delayed payments or long payment cycles. Sound familiar? Indeed, these are issues facing companies of all sizes across all markets today.

B2B 65

B2B B2C Vendor Management Reconciliations 65

Future CFO

MARCH 27, 2022

Watsons Philippines has been expanding consistently in the years 2020 and 2021 despite the COVID-19 pandemic – achieved mostly by keeping the delicate balance between operations and strategy. Joweehlyn Liao. “It It is all about balancing the short-term vs. the long term.

Leadership 98

Leadership Finance CFO Retail 98

CFO News Room

NOVEMBER 19, 2022

cash management programs ). The new custodial offering could attract advisors looking for a more integrated technology experience – particularly amongst the independent broker-dealers where Envestnet has deep market penetration already – while also providing Envestnet with more revenue-generating opportunities as a custodian (e.g.,

Planning 130

Planning Leadership Healthcare Accounting 130

Onplan

NOVEMBER 30, 2022

The Basic level offers essential modeling and planning features, while the Professional and Enterprise plans offer additional security and compliance features, like Audits and App Lifecycle Management. Additionally, users have separate roles and validations, creating an audit trail that ensures your data is protected and secure.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 52

PYMNTS

JANUARY 20, 2021

According to Rajiv Ramachandran , senior vice president of product strategy and management at Coupa , the pandemic was a “wake-up call” for many finance leaders who experienced a jolting breakdown of key functions. There were cases where some of these finance teams could not even understand what their cash visibility looked like.”.

B2B 125

B2B Prioritization Invoicing Corporate Finance 125

PYMNTS

MARCH 6, 2019

Within that ambition, he said, “the only way to create real-time cash management or trading is to allow all parties to see the same pool of validated data.”. The audit trail provides transparency, and smart contracts, tied as they are to permissions, help reduce the risk that cash might “accidentally” be sent to the wrong party.

Treasury 75

Treasury Auditing Foreign Exchange Pharmaceutical 75

PYMNTS

FEBRUARY 22, 2017

Basel III is a set of voluntary rules that impact banks’ risk management and capital requirements, among other things, and could lead to corporate challenges in accessing bank financing. Virtual accounts, he said, “have proved valuable in helping our clients take a more holistic approach to cash management.”

Accounting 54

Accounting Banking Cash Management Compliance 54

Future CFO

JANUARY 30, 2020

Disruption is now an expected course of business, yet traditional planning remains slow, error-prone, and fragmented. Adopting finance best practices such as driver-based planning, rolling forecasts, and zero-based budgeting can be difficult with manual processes and legacy toolsets. Accessing FutureCFO Premium Content.

Finance 40

Finance Budgeting Forecasting Planning 40

Future CFO

JANUARY 30, 2020

“As soon as we launch a new product, we need to know what we need in terms of salespeople, admin staff, or marketing resources to achieve the objectives we’ve defined,” says Moritz Knorr , data strategist at AXA Germany’s Data Innovation Lab, explaining one goal of its project—dubbed “AXAPLAN”—to implement the Anaplan platform.

Finance 40

Finance Planning Accounting Cash Management 40

Future CFO

JANUARY 30, 2020

Anaplan commissioned Forrester Consulting to conduct a Total Economic Impact (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying Anaplan’s enterprise planning platform.

Economics 40

Economics Investments Planning Accounting 40

PYMNTS

NOVEMBER 6, 2018

Users can receive automated emails or texts with updated status information, with enhanced visibility also supporting auditing and reporting processes. The solution supports a single file transmission to initiate ACH, wire or check transactions, and offers clients real-time visibility into the status of each transaction.

Treasury 62

Treasury Auditing Cash Management Banking 62