CFO Leadership

OCTOBER 18, 2023

AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. As AI permeates finance, questions about its compliance with audits and financial governance will arise. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 52

Finance Accounting Auditing IFRS 52

VCFO

FEBRUARY 15, 2023

Lee Ann’s depth and breadth of expertise includes board reporting, audit preparation, business plan development, market research and analysis, risk management, and capital requirements. She had complete ownership of financials, reporting, auditing, and compliance for all entities.

Auditing 52

Auditing CFO Risk Management Budgeting 52

Future CFO

MAY 31, 2023

S&P forecasts that Asia-Pacific will achieve real growth of 3.5% These allow us to be able to provide the types of financial reporting services ranging from general ledger, accounting, reporting, audit and compliances. in 2023 while Europe and the U.S. will likely face recession.

Finance 98

Finance General Ledger Prioritization Auditing 98

The Finance Weekly

JULY 28, 2022

One of Vena’s customers, , Verra Mobility , claimed that Vena misled them into believing that the Soc 1 Type II report that Verra was given had been audited by an independent auditor. Vena is currently undergoing audits to rectify the situation. SOC reports started in 1992 under the Statement on Audit Standards (SAS).

Auditing 52

Auditing Compliance Budgeting Securities 52

CFO Network

SEPTEMBER 15, 2021

They will audit all of your processes and remove any areas of friction or inefficiency. It Can Help Keep Your Business in Compliance. Compliance is more important than ever. Companies in different industries have obligations to remain in compliance with a variety of laws and industry-wide statutes.

Compliance 52

Compliance Auditing Forecasting CFO 52

CFO Share

APRIL 2, 2024

Churn and Transition Expense The turnover of an in-house finance manager not only disrupts operations, forecasting, and financial reporting; but also restarts the recruiting/hiring/training expense cycle. CFO outsourcing can cover all tasks an in-house CFO, Finance Director, Controller and accounting team might perform for a small business.

CFO 52

CFO Finance Cost Analysis Forecasting 52

CFO Leadership

OCTOBER 10, 2023

Many have since advanced to intelligent process automation (IPA) — RPA amplified with artificial intelligence (AI) — to streamline and improve more complex work, from tax and compliance reporting to financial statement reconciliation. over at least the next decade.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

CS Lucas

MARCH 30, 2021

5 forecast lines . 15 forecast lines . The Business Edition’s unlimited forecast lines, custom dashboards and team rooms help your treasury department work cohesively on one secure platform. Unlimited forecast lines . Maximize your value add by using a treasury management system for free. 2 accounting centres .

Treasury 52

Treasury Forecasting Cash Management Compliance 52

Future CFO

DECEMBER 17, 2023

Exceptions will trigger AI-driven, automated audits to ensure compliance. And while we aren’t quite there yet, I expect that generative AI will have a very compelling use case in forecasting and budgeting. Finance teams spend significant time on financial planning," he said.

SAP 52

SAP Finance Budgeting Data Analysis 52

Spreadym

MAY 26, 2023

Forecasting and scenario analysis: Budgeting software often includes forecasting tools that help users project their future financial situation based on historical data and planned income and expenses. It offers flexible budget creation, real-time monitoring, forecasting, and variance analysis.

Budgeting 52

Budgeting Forecasting Financial Modeling SAP 52

VCFO

APRIL 21, 2022

He is particularly skilled in strategic planning, resource management, operations management, forecasting, credit and collections, due diligence, financial reporting and documentation, private equity, bank financing, risk management, compliance, and banking relationships. Gary is also a Certified Public Accountant. About vcfo.

CFO 52

CFO Strategic Planning Auditing Leadership 52

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Forecasting is the practice of making regular predictions about the company’s expected future results based on the past and present data as well as on the anticipated future events.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

CFO News Room

DECEMBER 16, 2022

Most financial managers have previous experience working in market analysis and forecasting positions similar to this one. Chief Compliance Officer. A chief compliance officer ensures financial institutions adhere to all applicable laws and regulations. Average salary: $114,832 per year. Insurance Advisor. Financial Examiner.

Finance 130

Finance Budgeting Compliance Financial Analyst 130

Bramasol

SEPTEMBER 10, 2023

Predictive Analytics: Predictive analytics are used to forecast and manage potential future issues such as customer churn. Predictive analytics also are used to forecast demand, identify market trends, and optimize supply chain management.

SAP 88

SAP B2C B2B Microsoft Office 88

Michigan CFO

SEPTEMBER 29, 2021

For businesses that must adhere to specific data security compliance standards, going digital can help simplify the process with the help of a CFO to ensure accuracy. These systems include benefis for: Improving Controls: Deploy systems that improve financial oversight, audit tracking, and mitigate financial errors.

Manufacturing 52

Manufacturing CFO Compliance Forecasting 52

The CFO College

AUGUST 31, 2021

Using a rolling cash forecast is a value-add service you can provide to assist in cash forecasting. A rolling cash forecast will normally look forward 6 or 9 months, and each month the oldest month is removed and a new month added. The rolling cash forecast is one of many CFO-level skills we teach in our program.

Startups 81

Startups Accounting General Ledger Forecasting 81

CFO Simplified

DECEMBER 12, 2021

Cash flow forecasting. In publicly traded companies, the CFO is also responsible for the company’s compliance with Securities and Exchange Commission (SEC) rules and regulations. Budgeting and forecasting. Preparation for annual audits. Growth planning . Guiding corporate strategy. Guiding mergers & acquisitions.

Accounting 52

Accounting Finance Cash Flow Forecasting CFO 52

Future CFO

AUGUST 2, 2020

Excel remains the de facto standard for planning – users can quickly, cost-effectively and independently conduct budgeting, and forecasting. At the same time, the disadvantages are unavoidable – prone to errors, time-consuming, lacking in modern data security & compliance standards, and often become simply unmaintainable over time.

Planning 40

Planning Reconciliations Budgeting Auditing 40

CFO Talks

MARCH 14, 2024

No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making. These insights enable CFOs to provide more accurate forecasts, identify cost-saving opportunities, and advise on strategic decisions with a higher degree of confidence.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

The Charity CFO

MAY 11, 2023

As regulations surrounding nonprofits can be incredibly complex, expert guidance on financial matters, including compliance with tax laws and regulations, is key. This can be especially helpful if you don’t have a dedicated staff-person with the expertise level required.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

CFO Share

MARCH 14, 2022

What is the difference between a quality of earnings report and an audit? Audited financial statements focus on compliance with GAAP accounting standards, whereas Quality of Earnings reports focus on the company’s earnings history and potential.

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 52

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). This could imply more efficient auditing via online financial software that allows for remote audits.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

Future CFO

NOVEMBER 27, 2022

You get this whole new level of streamlined accounting and compliance processes. We see better planning, budgeting, and forecasting as AI provides the flexibility, agility and responsiveness needed today in the unpredictable, fast-paced business environment. Sanjay Patil.

Finance 52

Finance CFO Compliance Auditing 52

Future CFO

FEBRUARY 16, 2021

With growth forecasts of about +5.4%, we are expecting cautious optimism and investments to move forward. IDC forecasts that over 65% of the APAC GDP to be digitalized and spending to hit US$ 1.2 million sqm of space forecast for 2021. Analysts are predicting the digital economy to accelerate recovery.

CFO 52

CFO Forecasting Compliance Auditing 52

CFO Talks

FEBRUARY 10, 2023

SARS has already announced its Vision 2024 embracing technology specifically artificial intelligence, to ease the burden of detecting non-compliance amongst taxpayers. If caught, the taxpayer will face a dual audit with the active participation of both SARS and the revenue overseas authority where the assets are situated.

Budgeting 52

Budgeting Profit and Loss Forecasting Prioritization 52

Michigan CFO

NOVEMBER 26, 2021

Prepare audits. Streamline tax and compliance efforts. Providing routine financial reporting and forecasting. While using fractional CFO services to streamline business financials may sound more valuable to small businesses, sometimes a company hires a fractional CFO to: Aid with funding.

CFO 52

CFO Leadership Auditing Compliance 52

Future CFO

NOVEMBER 5, 2019

The technology also leaves a positive impact on the audit process because the technology can create clear audit trails which makes it easier to meet compliance obligations, Johnston noted. The patterns needed to make accurate predictions are inconsistent and unreliable.

Finance 52

Finance Auditing Invoicing Reconciliations 52

PYMNTS

JULY 6, 2018

Reports in the Australian Financial Review said the Australian Securities and Investments Commission (ASIC) has reviewed 2017 statements of 90 corporates in the country to assess their compliance to new accounting rules that came into effect on Jan. In its assessment, the ASIC also concluded that some audit reports were too vague.

Accounting 41

Accounting Auditing Accounting Standards Compliance 41

The Finance Weekly

JANUARY 22, 2024

Assist with risk management, audits, and research. Technical Skills CFOs acquire hard skills through formal education or certification programs, including expertise in accounting, budgeting, and forecasting. Communicate with clients, investors, company leaders, and stakeholders. Manage cash flow and plan for financial needs.

CFO 52

CFO Education Communication Leadership 52

Future CFO

DECEMBER 27, 2020

The result is undesired is that teams are often unable to deliver needed plans, budgets, forecasts, reports and value-added analysis when asked. It offers visibility into plans, budgets and forecasts, with rapid what-if scenario modelling and profitability analysis. Become more agile and prepared for whatever the future brings.

Planning 52

Planning Value-Added Analysis Forecasting Budgeting 52

Onplan

DECEMBER 16, 2021

With that in mind, here are some of the most important functions of an accounting team a CFO needs to keep an eye on: Creating financial statements Financial reporting Payroll Customer Invoicing Vendor/employee payments Entity taxes Compliance.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Forecasting 52

Onplan

DECEMBER 16, 2021

With that in mind, here are some of the most important functions of an accounting team a CFO needs to keep an eye on: Creating financial statements Financial reporting Payroll Customer Invoicing Vendor/employee payments Entity taxes Compliance.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Forecasting 52

Bramasol

FEBRUARY 9, 2024

As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them.

SAP 90

SAP Compliance Invoicing Leverage 90

Future CFO

DECEMBER 17, 2023

Metzger also forecasts a growing set of cost challenges for CFOs in the coming year, with high-interest rates and other predictions saying these will stay high. He highlights that the trends seen in 2023 and the last few years, such as digitisation, instant payment systems, and shifts in customer demands, will be intensified in 2024.

Forecasting 90

Forecasting Finance Treasury Cost Management 90

Future CFO

AUGUST 30, 2021

The specialist skills within finance and accounting that are proving to be the most difficult to find amongst job candidates include business/financial analysis, compliance, financial planning and analysis, risk, and internal audit.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Problem Solving 52

Planful

DECEMBER 16, 2015

The panelists included James Green, CEO of Magnetic; William Kraut, Lead Board Director and Audit Committee Chair for InTest; and Ellen McClain, CFO at Year Up. Boards also need experts in various aspects of board work, such as audit committees. The panelists agree that the CFO should focus mainly on the audit committee.

CFO 40

CFO Auditing Communication Risk Management 40

PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. These facts can be audited back to the source. The nature of financial reporting is to communicate facts aggregated using accounting rules.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52