PYMNTS

NOVEMBER 20, 2020

While expanding internationally is the easy part, the challenge often comes in the back-office financials like invoicing , cross-border payments, accounting and reconciliation. Come auditing and tax time, maintaining compliance with all of the varying local regulations across different geographies adds an extra layer of complexity.

Mergers and Acquisitions (M&A) 61

Mergers and Acquisitions (M&A) Foreign Exchange Reconciliations Currencies 61

Future CFO

SEPTEMBER 26, 2022

Autonomous finance yields augmented real-time insights, effortless compliance, and greater flexibility in financial strategy, the firm noted. For example, an automated accounting close has a bot perform reconciliations and sends exceptions and errors to a human for adjudication.

Finance 52

Finance General Ledger Reconciliations Auditing 52

PYMNTS

APRIL 10, 2019

Corporates’ biggest procure-to-pay challenges often center around the friction of streamlining data flows and the movement of money, from sourcing and purchase order submission to invoice payment and reconciliation. Yet, as supply chains expand across borders, a new burden has landed on procurement teams’ shoulders: compliance.

Compliance 55

Compliance Invoicing Auditing Accounts Payable 55

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. 1] Robert Half and Protiviti are members of the Microsoft AI Cloud Partner Program.

Financial Planning and Analysis (FP&A) 115

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

Future CFO

AUGUST 2, 2020

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. Excel remains the de facto standard for planning – users can quickly, cost-effectively and independently conduct budgeting, and forecasting.

Planning 40

Planning Reconciliations Budgeting Auditing 40

CFO News Room

NOVEMBER 2, 2022

Chris Stanley is the Founding Principal of Beach Street Legal LLC, a law practice and compliance consultancy whose sole purpose is to help entrepreneurial investment advisers and financial planners succeed. Compliance policies and procedures manual. Author: Chris Stanley. Guest Contributor. Net capital worksheet. Surety bond.

Compliance 130

Compliance GAAP Investments Advertising 130

The Charity CFO

FEBRUARY 4, 2022

Prepare bank reconciliations. On top of that, nonprofit bookkeeping requires staying updated on income tax changes and filing requirements to ensure compliance. . Efficiency, transparency, and compliance are the hallmarks of an organization with effective bookkeeping. . Record and classify payments and bank transfers .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

The Charity CFO

JANUARY 5, 2023

Tax issues and non-compliance with regulatory requirements. Bring GAAP compliance. This involves ensuring compliance with all accounting, reporting, and disclosure requirements. It also involves staying up to date on the latest auditing standards, tax regulations, and IRS filing requirements. Collaboration issues.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

The Finance Weekly

JANUARY 22, 2024

Assist with risk management, audits, and research. Certified Treasury Professional (CTP) This certification highlights expertise in treasury management, showcasing proficiency in cash processing, reconciliation, and financial statement analysis. Communicate with clients, investors, company leaders, and stakeholders.

CFO 52

CFO Education Communication Leadership 52

PYMNTS

SEPTEMBER 29, 2017

But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Compliance with domestic and international standards is considered a must,” Beaulande recently told PYMNTS. Staying Updated.

Treasury 56

Treasury Banking Compliance Risk Management 56

Bramasol

APRIL 15, 2024

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation.

SAP 90

SAP Financial Planning and Analysis (FP&A) Compliance Reconciliations 90

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.

Finance 52

Finance Auditing Invoicing Reconciliations 52

Planful

SEPTEMBER 1, 2016

Here, she highlighted the challenges organizations face in managing the financial close and reporting process – tracking tasks, handling account reconciliations, ensuring the right controls are in place, and improving accuracy of reporting. New Tax and Auditing Tools. The RADAR Initiative.”. Financial Consolidation in the Cloud.

Technology 40

Technology Accounting Auditing Reconciliations 40

https://trustedcfosolutions.com/feed/

AUGUST 12, 2022

At its core, SOX compliance helps to ensure the accuracy of a company’s financial statements and protects the business from fraud, cyber-attacks, lawsuits, and more. The post Sage Intacct For SOX Compliance appeared first on. For example, an administrator can. This means no single user can initiate and approve a transaction.

Compliance 109

Compliance Reconciliations Auditing Securities 109

PYMNTS

AUGUST 5, 2016

Take auditing for instance. The CEO explained that, traditionally, accountants would print out reconciliations and store them in binders; auditors would then take a sample of those reconciliation documents and match those against the general ledger. “That’s an insane approach.”

Accounting 42

Accounting Reconciliations General Ledger Auditing 42

Bramasol

AUGUST 31, 2023

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15.

SAP 91

SAP Accounting Reconciliations General Ledger 91

CFO Simplified

JANUARY 5, 2024

Failure to promptly reconcile and monitor trust accounts may result in non-compliance with legal and ethical standards. Because of the compliance implications, reconciliation and oversight of these accounts is even more important than comparable oversight of the firm’s bank accounts. It belongs to your clients.

Auditing 52

Auditing Reconciliations Compliance Securities 52

The Charity CFO

JANUARY 19, 2023

The goal is to create an accurate and comprehensive record of all transactions that can be used for both internal and external reporting, including audits and tax returns. Implement Internal Controls To ensure compliance with accounting standards, you must have proper internal controls in place.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Planful

MAY 25, 2017

CFOs and controllers at our customer accounts see Allocadia as a “Finance compliance tool” for marketers because it ensures that they’re using sanctioned, Finance-sourced data, and because it gives you visibility into their world that you otherwise couldn’t get. How much time and effort would that free up for you and your team?

Finance 40

Finance Budgeting CFO Invoicing 40

Spreadym

JULY 10, 2023

It typically occurs at the end of each month, quarter, or fiscal year and involves various tasks to ensure accuracy, completeness, and compliance with accounting standards and regulations. Accruals and Deferrals: Accruals involve recognizing revenues or expenses that have been earned or incurred but not yet recorded in the accounting system.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

The Charity CFO

APRIL 25, 2024

Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming. Compliance First and foremost, a good accounting system is going to make it easy to stay compliant. For nonprofit organizations, accounting comes with a lot of complexity. What is the actual goal in a nonprofit accounting setup?

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

The Finance Weekly

APRIL 13, 2024

This includes tracking past financial activities, ensuring compliance and reporting, as well as forecasting future financial scenarios for better budgeting. Drill-down and audit control allow each finance team to understand and control every aspect of their budget and forecast. Available in selected states.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

The Charity CFO

MARCH 2, 2022

You used to audit nonprofit organizations back in the day, similar to me, but while I was the CFO of a nonprofit, you were my auditor. Um, so that we can ensure we get through audits and then just kind of balancing all of those things together. And comparing things to the audit is always the first step that I take.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

CFO Leadership

MARCH 31, 2022

They need global structures, processes and policies that facilitate efficiency, visibility, control, security, and compliance. Connect to your global banks to automate statement collection and reconciliation. Improve security and compliance, while preventing fraud, and cyber risk. And they need technology.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Future CFO

NOVEMBER 18, 2019

However, fundamental tasks in statutory accounts, management accounts, investments, budgeting, analysis, compliance, risk, payroll, audit, taxation and managing working capacity are very much interconnected. From SMEs to MNCs, the role finance plays may vary across these organizations as well as the industries to which they belong.

CFO 52

CFO Finance Reconciliations Accounting Standards 52

PYMNTS

FEBRUARY 13, 2018

If you don’t remit payments, someone else has to — probably manually — which is what causes payment errors and problems in reconciliation,” Chen Amit, Tipalti’s CEO, told PYMNTS.com. “We Tipalti is really changing the way B2B payments are being done, helping companies manage their cross-border payment, supplier and compliance operations.”.

Accounts Payable 41

Accounts Payable Invoicing B2B Startups 41

Planful

AUGUST 1, 2017

You’re preparing for an IPO or external audit, which requires having rock-solid financial statements. Intercompany reconciliations. Our Consolidation module also helps reduce costs of compliance by generating a broad range of financial statements, with all of the right controls and audit trails to document each step in the process.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40