The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Compliance with Evolving Regulations Nonprofits are no strangers to regulatory and compliance issues. Strategies to Leverage Data and Keep it Safe There are several ways to use technology while also ensuring data security.

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

Future CFO

JANUARY 26, 2024

The technological advancement provides more than just automation and reshapes roles, empowering finance teams to zero in on strategic activities like data analysis, supplier negotiations, and decision-making. 9) Audit preparation: Efficiency and compliance Preparing for audits can be a time-consuming and stressful process.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 52

E78 Partners

JUNE 2, 2023

This statistic underscores the significance of strategic spend management, even within technologically advanced resources. Mitigation of Financial Risks: Spend management helps CFOs minimize financial risks like overspending, non-compliance, and fraud. This control fosters financial discipline and informs strategic decisions.

Auditing 52

Auditing Vendor Management Leverage Leadership 52

Fpanda Club

MARCH 27, 2023

Many finance professionals are starting to feel that they are too focused on historical data, reporting, compliance, etc. Moving into FP&A from other fields of finance, such as accounting and audit, has recently become very trendy. LinkedIn is full of advice, courses and trainings focused on this transition.

Finance 130

Finance Auditing Compliance CFO 130

Future CFO

AUGUST 21, 2023

Mark D McDonald “Just like any disruptive technology throughout history, AI will inevitably displace and replace some roles and skills, but new roles, skills, and opportunities will also emerge." What level of maturity in terms of experience at work and in the use of technology should a finance person have for AI to make a difference?

Finance 98

Finance Compliance Data Analysis Leverage 98

Future CFO

FEBRUARY 11, 2024

Just 32% of managers say the same Technology access is going to be key to unlocking value in ESG/Sustainability. 97% agree that access to technology and data will play an essential role in making decisions to advance ESG strategies in the future. There is a disconnect between executives and employees. million for organisations.

Net Present Value (NPV) 98

Net Present Value (NPV) CFO Compliance Economics 98

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. This transformation is driven by several factors, including rapid technological advancements, globalization, and an increasingly complex regulatory landscape.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

PYMNTS

JUNE 11, 2020

The key drivers of that transformation include technology, as well as a heightened need for auditors, accountants and their clients to foster a collaborative ecosystem, he said. You have to leverage data, leverage artificial intelligence to a degree, and leverage how you collaborate with different stakeholders involved.

Economics 77

Economics Accounting Auditing Forecasting 77

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.

Financial Planning and Analysis (FP&A) 115

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

Future CFO

NOVEMBER 15, 2023

This includes establishing clear data entry standards, validation rules, and periodic data audits. Risk Management and Compliance CFOs need to ensure that their financial processes and spreadsheets comply with various regional and international regulations.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Compliance 52

Bramasol

JULY 22, 2023

Global ESG Regulatory Requirements One of the major ESG compliance developments to watch is the US Securities and Exchange Commission (SEC) proposed regulation on Climate-Related Disclosures and ESG Investing.

IFRS 87

IFRS Accounting SAP Compliance 87

Bramasol

SEPTEMBER 10, 2023

Natural Language Processing (NLP) : NLP technologies analyze customer feedback, reviews, and social media comments to gain insights into customer sentiments and preferences, enabling companies to make data-driven improvements, gauge customer satisfaction, and identify areas for improvement.

SAP 89

SAP B2C B2B Microsoft Office 89

https://trustedcfosolutions.com/feed/

APRIL 5, 2023

Allows user-defined workflows to improve efficiency, compliance, and transparency, providing consistent audit trail visibility. Move Beyond Traditional Manual Processes With Sage Intacct In the world of modern business and new advancements, companies need to leverage technology to stay competitive and drive growth.

General Ledger 62

General Ledger Reconciliations Accounting Standards Auditing 62

E78 Partners

MAY 8, 2024

ITSM is short for Information Technology Service Management, and in ServiceNow, it means a collection of practices, processes, and tools that are used to create, provide, manage, and enhance IT services that meet the requirements of an organization and its customers. What is ITSM within ServiceNow?

Leverage 52

Leverage Auditing Compliance Invoicing 52

PYMNTS

OCTOBER 30, 2020

Slow compliance checks and sluggish processing times are commonplace, especially on the legacy systems still used by many banks around the world. Automating Compliance. Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. consumer purchases made with cash.

Compliance 91

Compliance Entertainment Auditing Banking 91

Planful

SEPTEMBER 1, 2016

The pre-conference event that I attended and spoke at was the 7th Annual Transformative Technologies in Accounting Workshop, which represents a sub-group of AAA focused on Strategic and Emerging Technologies. Hip, Cool, and Relevant Accounting Technologies. Heady stuff and certainly an emerging technology to watch.

Technology 40

Technology Accounting Auditing Reconciliations 40

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. You’ll need to use the right technology systems to get these benefits.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

PYMNTS

JUNE 17, 2020

And all supplier activities, from new vendor registration and validation to documented audit trails, are visible to the necessary parties, letting companies send reminders when necessary for important business needs. The solution will mitigate and reduce risk by verifying if information pertaining to suppliers is complete and correct.

Risk Management 56

Risk Management Auditing Compliance Leverage 56

Future CFO

SEPTEMBER 7, 2021

AI innovation is happening at a rapid pace, with an above-average number of technologies on the Hype Cycle reaching mainstream adoption within two to five years, said Shubhangi Vashisth, senior principal research analyst at Gartner. Figure 1: Hype Cycle for Artificial Intelligence, 2021. Source: Gartner (September 2021).

Auditing 52

Auditing Compliance Leverage Technology 52

PYMNTS

SEPTEMBER 26, 2018

. “Just as HTTPS, SMTP and SIP enabled free borderless information sharing and communications, crypto assets and blockchain technology will enable us to exchange value and transact with one another in a similar way: instantly, globally, securely and at low cost.” ”

Auditing 72

Auditing Compliance Communication Leverage 72

PYMNTS

OCTOBER 27, 2016

Blockchain technology could have major implications for B2B payments, and some of the top use cases for distributed ledger include cross-border payments and smart contracts. PayStand noted that information isn’t stored on the blockchain, only the certification and audit trail. An announcement Wednesday (Oct. ” .

B2B 75

B2B Auditing Invoicing Compliance 75

The Charity CFO

AUGUST 15, 2023

One key differentiator is that what is recorded following GAAP is what will show up on the audit and may not show up on the IRS tax form, Federal Form 990. Outdated workplace: Technology isn’t the wave of the future, it’s an essential element in today’s workplace. Audits Nonprofits are not exempt from audits.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Future CFO

APRIL 14, 2024

Stay ahead of the curve by leveraging the latest in financial technology solutions. The Kyriba guide underscores the importance of adopting cloud financial management solutions to counteract both internal and external threats effectively. READ THE GUIDE The post CFO’s guide to reducing the risk of fraud appeared first on FutureCFO.

Leverage 52

Leverage Securities Accounting Banking 52

PYMNTS

DECEMBER 21, 2020

More and more companies are starting to leverage payments technology with [virtual cards] because of the value to all players in the ecosystem,” Fenton said. Through invoice integration, the service boasts improvements to savings and offers a compliance audit feature that can help vendors cut spending.

B2B 79

B2B Healthcare Investments Auditing 79

Future CFO

FEBRUARY 16, 2023

Companies can also seek to invest in the right capabilities that will help fuel growth such as investing in digital technologies that will accelerate efficiencies and agility. Finally, companies should also leverage the opportunity which economic downturns bring to invest in their people.

CFO 52

CFO Finance Economics Leverage 52

PYMNTS

JANUARY 29, 2020

Paper-heavy expense and payroll systems can obscure important compliance data, for example, or might otherwise complicate tracking if SMBs or their employees qualify for exemptions. Systems utilizing automated technologies to sift through a year’s worth of data can quickly calculate employee withholdings, for example.

Healthcare 56

Healthcare Compliance Auditing B2B 56

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 91

SAP Compliance Invoicing Leverage 91

PYMNTS

DECEMBER 19, 2018

To that end, in South Korea, a number of government ministries are looking into blockchain, eyeing the potential boost distributed ledger technology can give to marine logistics. Blockchain has been steadily making inroads in the B2B realm as a way to help boost supply chain transparency and efficiencies. As Coindesk reported Tuesday (Dec.

Healthcare 62

Healthcare Auditing B2B Compliance 62

Planful

OCTOBER 19, 2021

From there, you can decide how to leverage your financial acumen and recommend the best way forward. According to Bryson Koehler , chief technology officer of Equifax, “The cloud is the safest bet for the financial services industry.” Cloud-based technology is especially critical in finance, where confidentiality is so important.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Auditing Communication 40

PYMNTS

JANUARY 10, 2018

“Through features like Repeat Offenders and Excessive Attendee insight, we are making financial auditing and risk management processes more efficient — as much as 80 percent faster than traditional methods,” Oversight Systems CEO Patrick Taylor said in a statement. “By

Auditing 40

Auditing B2B Risk Management Compliance 40

Future CFO

MAY 19, 2020

Zakir Ahmed: People will change their mindset and embrace technology if they can see the value in it in their own jobs. Paperless audit trails reduce the risk of non-compliance and human error. People will change their mindset and embrace technology if they can see the value in it in their own jobs.

Finance 52

Finance Invoicing Auditing Technology 52

Fpanda Club

SEPTEMBER 2, 2021

The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.

Financial Planning and Analysis (FP&A) 130

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

PYMNTS

MAY 15, 2018

Like the dog in the cartoon, fraudsters use the same technologies as regular people when moving about in the virtual sphere. Their goal is to trick businesses into thinking they are legitimate customers so they can leverage credentials and money that aren’t truly theirs. A Portrait of IDV Nirvana. Why It Matters.

Auditing 51

Auditing Compliance Securities eCommerce 51

PYMNTS

MAY 15, 2017

For it is at this point, she said, where there is the most leverage to gain access to information and offer such information. . Process, people and technology — “a three-pronged approach,” in Woodbury’s eyes — are all under consideration, and must continuously be so. Were that to be a reality, said Woodbury, “it would be tremendous.

Risk Management 43

Risk Management Auditing Compliance Leverage 43

Future CFO

FEBRUARY 22, 2024

The pressure on finance leaders to deliver strategic insights and ensure compliance is mounting in this dynamic environment. Additionally, CFOs are now required to oversee compliance beyond traditional financial reporting, which extends to new areas such as ESG," Chee adds. These challenges, like tangled vines, impede progress.

Financial Planning and Analysis (FP&A) 97

Financial Planning and Analysis (FP&A) Finance Compliance SAP 97

Spreadym

SEPTEMBER 27, 2023

Technology and Software: Many organizations use dedicated CPM software solutions to facilitate the above processes, automate data collection, reporting, and analysis, and improve decision-making. Speed and Performance: Anaplan leverages in-memory computing to deliver real-time data updates and enhanced performance in planning and analysis.

SAP 59

SAP Budgeting Forecasting Auditing 59

Jedox Finance

DECEMBER 4, 2022

release: Enhanced security and audit capabilities so organizations can minimize operational risk and maintain elevated compliance and governance standards. Canvas is the technology Jedox uses to produce stunning, responsive visualizations driven by all the data that matters. Other highlights in the 2022.4 With the 2022.4

Auditing 52

Auditing Communication Compliance Securities 52