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Strategies to Address This Challenge Conduct Data Audits : Regularly review your customer database to identify inaccuracies. Invest in Training : Educate employees on the benefits and workflows of e-invoicing to reduce resistance. Ensure Data Quality : Conduct regular data audits to support seamless integration.
Some forecasted 2023 as a “venture winter” with VCs slowing their check-writing pace, demanding a clear strategy for sustained growth, a proven track record of achieving key performance indicators, and a strong management team before they invest.
Escalate concerns to the audit committee or external advisors if internal discussions don’t resolve the issue. Propose additional governance measures, such as third-party audits, to demonstrate transparency. Present alternative solutions, such as reforecasting with realistic assumptions or identifying cost-saving opportunities.
In this environment, CFOs must prioritise cybersecurity investments that deliver a tangible return on investment. One of the main challenges in securing cybersecurity investments lies in the nature of cybersecurity itself. How can we maximise the return on these investments while achieving our security goals?"
One key area of focus is the exploration of operational efficiency, which is crucial for maximizing the potential of private equity investments. This strategic emphasis allows us to make informed investment decisions and drive meaningful change for our client organizations.
Investment activity is picking up as inflation moderates, according to a recent study by accounting, audit, and advisory network Moore Global. This same trend was observed in investment levels for the coming year, prompting positive scores that were recorded unanimously across this pillar of the Thrive Index.
This opportunity allowed me to audit clients like the South African Revenue Service and South African Tourism, as well as manage accounts for Mastercard South Africa. If I could relive one day from my career, it would be 31st July 2014—the day my team and I finally achieved an unqualified audit opinion for the Department of Mineral Resources.
What Every CFO Needs to Lead On Smart investment strategy starts with asking: Whats the purpose of this money? Strategic Cash Longer-term funds that can be invested for better returns. Its the backbone of everythingfrom how you structure investment approvals to how you defend decisions to your board. Thats not a strategy.
This creates an audit trail and ensures transparency. Cons - Requires an upfront investment in software and may struggle with non-standard transactions. But if your business is growing, investing in automation could save you significant time and effort. Make any necessary adjustments to your records.
Without careful planning, organizations may face trade-offs, reallocating funds from other critical IT initiatives to accommodate AI investments. Building Resilient IT Budgets Navigating these complexities requires a disciplined approach to cost management, enabling organizations to unlock the full value of their AI investments.
Full transcript below. ~~~ About this week’s guest: Matt Hougan, Chief Investment Officer at Bitwise Asset Management discusses the best ways to responsibly manage crypto assets. I’m Barry Ritholtz, and on today’s edition of At the Money , we’re going to discuss how retail investors can responsibly invest in crypto.
A Year-Round Audit Strategy Is A Great Place To Start Insights from Acclarity Accredited to Small-to Medium Business Leader: Michele Himes For all but one day of the year, the end of your financial year is always approaching — sometimes year-end is still months away, other times year-end is right around the corner. Month-End Close.
Are you investing in systems and processes that make their work better, faster, and more accurate or are they still juggling spreadsheets and patchy ERP data? If you dont invest in their development, why should they invest their long-term future in you? Your employer brand especially in finance starts with you.
This includes restating prior-period financials where necessary, strengthening internal controls, and ensuring that audit findings are addressed in full. Engaging internal audit functions and reporting regularly to the board’s audit committee can help provide the oversight and assurance required to rebuild confidence.
Editors note: In todays A Day in the Life , Nguyn Trung Ngn (pictured), tax senior manager at Deloitte Vietnam , shares with FutureCFO audiences how leading a complex transfer pricing audit for a multinational client became pivotal for her career and how her passion for public writing became one of her greatest sources of inspiration.
Businesses must develop a strategic approach that addresses common obstacles and ensures that technology investments align with their operational goals to avoid these issues. This results in rushed purchases or poorly considered investments that do not align with strategic goals. How Can Companies Avoid These Pitfalls?
You have to create the capacity to invest in the long term, but you also have to manage performance quarter to quarter. Now they need to invest and adapt to the new world. Then there is the CFO who comes from an investment bank, who is more about capital and markets and investor communication.
“They are focusing on driving growth and efficiency to help their companies move faster, benefiting both top line revenue and operational performance,” says Tarek Ebeid, KPMG Private Leader and Partner in Charge – Audit Practice at KPMG US. Conclusion In 2025, companies are foraying beyond their initial exploration phases with AI.
They can reconcile accounts, update forecasts, and manage audit schedules. That only happens when you have invested in building internal capability. When reporting season, audits, or board meetings come up, mentoring is the first thing to fall away. It is an investment in functional strength. It Is a Control.
And ensuring compliance with global reporting standards is what keeps that lens clear, trusted, and investment-ready. Its not just about avoiding penalties or surviving the audit. Analysts use them to determine investment potential. And when that happens, it doesnt just create audit tension. But that time has passed.
A CFO ensures your financial statements are accurate, consistent, and audit-ready—because credibility starts with clean data. Why Now Is the Time to Invest in CFO Services If your business is moving toward a capital raise, merger, or sale—even within the next 12–18 months—the earlier you bring on a financial expert, the better.
According to the Hitachi Vantara State of Data Infrastructure Survey, there are critical gaps that could undermine the regions AI momentum, despite ambitious investments. Understanding automation tools is also essential, as AI is reshaping processes such as financial planning, risk management, and audit compliance."
Lower rates could mean it’s a good time to invest, while higher rates might prompt caution with new debt. These indicators help paint a bigger picture of the market environment, allowing you to make informed calls on expenses, investments, or scaling up operations.
Operating a financial advisory firm often requires managing large amounts of data, from prospective client contact details to current clients' investment performance, which can create bottlenecks as advisory firms scale and their data systems multiply.
The global economy is transitioning to an era marked by higher growth, increased capital investment, and elevated interest rates. Frame: Its prompting them to adopt more agile and diversified investment strategies. Global Finance: What are high- and ultra-high-net-worth investors main concerns going into 2025?
A CFO helps stakeholders understand whether a drop in revenue signals a deeper problem or a deliberate investment in future growth. The best CFOs do not just focus on clean audits. Financial results are not just about earnings per share or cost ratios. They are about direction, strategy, and intent. That starts with you.
Best for: Financial reviews or audits One-time funding events Short-term consulting 2. Best for: Startups prepping for investment Strategic financial planning One-off financial cleanups 3. Pricing varies based on scope but allows for predictable budgeting.
This mantra inspires me to invest in the development of those around me, knowing that by cultivating future leaders, we can achieve greater collective success. It serves as a foundation for all my subsequent achievements, including the launch of my personal financial wellness program and my promotions within the audit field.
Egorov began his career in audit at PwC Moscow, building an understanding of financial fundamentals before transitioning into more high-stakes investment banking. This realization sparked a pivotal shift: broaden the client base, refine the strategic narrative, and cultivate a more stable, scalable revenue foundation.
The changing landscape of finance leadership Saravanan Raman, Chief Financial Officer, AsiaAsia Traditionally, aspiring finance leaders often followed a well-trodden path: starting with one of the Big Four audit firms, acquiring technical skills, and gradually transitioning to commercial roles.
Managing full audit functions, raising capital, implementing new accounting systems, and reporting to lenders and boards at several organisations. Step into leadership roles even before you feel completely ready, and continuously invest in your personal and professional growth. How do you handle professional challenges?
How we operate and invest significantly affects our growth prospects and discipline. Neglecting Equipment Investments and Modernization Failing to upgrade key equipment can harm sales, productivity, and the business’s image. When lenders see that we invest in growth, they trust our commitment to it.
In response, investment in cybersecurity protection measures has risen significantly across various industry sectors. Audit your internal processes Regularly review internal workflows to identify weak points that could be exploited through human error or fraud. Even small procedural gaps can open the door to cyber threats.
Keep Every Receipt, No Exceptions Whether its a small office supply purchase or a major equipment investment, maintain records of every expense. This ensures accountability and makes audits or donor inquiries easier to manage. Pro Tip: Always document potential conflicts and establish a process for handling them transparently.
The system helps you optimize your cash position through: Identifying and covering short-term deficits with money market loans Maximizing returns on surplus cash through strategic investments Managing the complete lifecycle of all treasury transactions Ensuring timely settlements with automated alerts and bank instructions Enterprise-Grade Security (..)
At the age of 28 Ive acquired more than 10 years work experience in accounting, auditing, taxation, statutory and secretarial. Johannes Hendrik Bothma CEO/ Director, Darling Romery (Pty) Ltd and subsidiaries. 2021) Head of Finance, Darling Romery (Pty) Ltd and subsidiaries.
If an investor in Japan wants to invest in a UK-based firm, IFRS compliance reassures them that they can trust the numbers in the financial statements. Its particularly crucial for cross-border investments, loans, or trade financing companies. Regular training and external audits help companies stay compliant.
times faster than other digital investments, underscoring the region's rapid digital adoption. The shift to T+1 settlement cycles further incentivises firms to invest in robust, scalable technology infrastructure to reduce payment delays and operational risk.
Implementation Budget and Costs: The investment (budget and resources) for implementing AI in finance, including technology refreshment, change management towards best practices and training, can be challenging for businesses in APAC, especially for small and mid-market companies.
Invest in coaching. Create your own internal audit of stressors, and put controls in place. The best CFOs know this: you cant pour into a business if youre not investing in yourself. If youre still leading with command-and-control, youre losing your teams best thinking and likely losing them to competitors too.
CFO Kfir Lippmann began his career at Ernst & Young in Tel Aviv, auditing high-growth tech clients and navigating the intricacies of IPO-bound businesses. Later, he joined Monday.com when it was still a small startup, helping scale the organization through multiple investment rounds and significant secondary transactions.
Invest in tech where it can deliver measurable value and look for chances to automate and standardize. Invest in updated systems and processes to break down these data silos, standardize data collection and storage, and support data visibility. We are on the brink of a technology revolution, with AI leading the way.
Gaurang Trivedi, CFA, is an independent investment and management professional providing advisory services in forensic analysis, equity research, private capital, corporate finance, and business development.
Conversely, poor data qualityfragmented systems, incomplete recordscan lead to unreliable AI outputs, undermining investments and delaying exits. Data Governance : Implement policies for access controls, data privacy, and audit trails, ensuring compliance and transparency for finance teams and investors.
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