Future CFO

MARCH 1, 2023

Photo by fauxels from Pexels: [link] A collaborative effort should be made to determine the technical requirements and capabilities needed, how to accommodate budgets and set appropriate timelines for initiative rollout. Industry benchmarks : Benchmarking data from similar organisations can help provide context for the metrics being measured.

Finance 91

Finance Benchmarking Compliance SAP 91

The Finance Weekly

JANUARY 19, 2023

Specialists in operational finance create financial models that outline the details of business processes and their impact on the company's goals, staff plans, budget, and cash flow. It involves analyzing financial statements and data from different business units. Help department heads make the case for new hires.

Leadership 98

Leadership CFO Benchmarking Finance 98

Future CFO

SEPTEMBER 17, 2019

New Gartner benchmark study reveals 92% of HR leaders are prioritising budgeting and cost optimisation initiatives. During all phases of the economic market cycle, HR functions should regularly benchmark their internal data regarding their talent base (e.g., That’s the good news. Cross-function efforts.

Benchmarking 52

Benchmarking Budgeting Economics Forecasting 52

Collectiv

JUNE 13, 2023

This data visualization built trust in the community because it gave voters the power to answer the questions that were most important to them. Track Finances for Optimal Impact Nonprofits often have limited budgets, so they need granular insights into how and where they spend their money to make the most of these funds.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

Fpanda Club

MAY 17, 2022

Budget and annual planning cycle - these words can make many people tremble. There are many reasons to hate budget effort. Indeed, it usually takes several months to run the budget cycle. On average, companies build 5 versions of the budget before final approval. Too many iterations. Too many people involved.

Budgeting 147

Budgeting Planning Benchmarking Leadership 147

Spreadym

AUGUST 17, 2023

They play a crucial role in improving transparency, communication, and collaboration among teams by providing a centralized platform for accessing and interpreting financial data. The choice of tool depends on factors such as the organization's size, industry, budget, and specific reporting requirements.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

Centage

JANUARY 18, 2024

Stronger interdepartmental communication and collaboration is a good benchmark to set as a best practice for this year. Relying on static annual budgets is like hiking without a compass or a weather report. Building a business case for FP&A software involves getting buy-in from other stakeholders across the organization.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Data Analysis Leverage Risk Management 40

Centage

AUGUST 1, 2023

Getting ready for budget season is a big task. If you don’t handle it effectively, you can struggle through the process to create a workable budget. Budgeting probably won’t be fun. Leaders would most likely rank “budget season” far down on the list of favorite times of the year.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) Benchmarking Communication 98

Future CFO

AUGUST 30, 2021

These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. Controllers: Companies don’t have access to historical data to benchmark their responses and performance against or help model future scenarios. But these are table stakes of the profession.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

APRIL 24, 2023

Focusing on people in control design and implementation, as well as through business communications and cybersecurity talent management, will help to improve business-risk decisions and cybersecurity staff retention, he added.

Securities 52

Securities Risk Management Benchmarking Restructuring 52

CFO News Room

NOVEMBER 4, 2022

Representation goals — whether based on industry benchmarks or population data for the appropriate city, state, or country — are one component, but it’s equally important to incentivize leaders and create accountability systems to help make those strategies a success. But companies can and need to do more to fully leverage this role.

Investments 100

Investments Leadership Accounting Analyzing Data 100

Spreadym

MAY 31, 2023

These goals provide a clear direction for the organization and serve as benchmarks for measuring progress. It involves effective communication, stakeholder engagement, and adaptation to changing circumstances. Resource Allocation Budgeting: Determine your current budget and allocate resources to support your strategic initiatives.

Strategic Planning 52

Strategic Planning Planning Performance Measuring Budgeting 52

BlueLight

MAY 6, 2020

In this post, we will cover the communication architecture, why to send investor updates, and the relevant topics to cover. Communication architecture Before we get to the investor updates, it’s important to lay out an overall communication architecture (if you do that well, you can leverage it for this audience too).

Communication 52

Communication Startups Finance Benchmarking 52

CFO News Room

NOVEMBER 14, 2022

They also serve as a benchmark for whether team members are succeeding in their roles on an ongoing basis. Key Result 2 : The associate advisor stays present with clients by communicating with them on an ongoing basis (e.g., However, they still need time to develop their communication and presentation skills.

Practice Management 130

Practice Management Planning Leadership Communication 130

Jedox Finance

MARCH 16, 2022

When choosing the right budgeting method for your business, the management style and corporate structure of an organization have a significant influence on the design and implementation of corporate budgeting processes. What is Corporate Budgeting? Corporate Budgeting in need of Agility and Flexibility. Table of Contents.

Budgeting 52

Budgeting Benchmarking Planning Financial Data 52

The CFO College

MAY 12, 2021

” View yourself as a business owner, which will increase your confidence in communicating with clients and the value you provide. ” The answers to these questions give you a benchmark for success. Many people don’t feel like they have room in the budget beyond basic office supplies and a business license.

Education 52

Education CFO Investments Budgeting 52

Future CFO

MAY 26, 2020

Asked what the priorities of the financial planning and analysis teams were in 2018, three-quarters of CFOs surveyed by FutureCFO between March and April 2020 picked planning, budgeting and forecasting as a key function of the department. Arno Wiedijk, regional finance director, Asia Pacific, TMF Group.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Treasury Education 52

Planful

DECEMBER 28, 2016

This includes finalizing the budget as well as considerations for upcoming regulatory changes. Communication gaps. The Hackett Group benchmark research shows that world-class companies will consolidate and close the month-end books within 3 days, and report within 2 days. Financial surprises during year-end review.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

The CFO College

APRIL 8, 2021

You’ll also want to stay current on successful brands, along with trending operations, metrics, and benchmarking. Major soft skills involve time management, effective communication, writing, reliability and responsiveness towards clients, organization, project management, and your ability to own and address your problems and mistakes.

CFO 52

CFO Benchmarking Tax Planning Accounting 52

Planful

OCTOBER 25, 2016

Instead, the focus should be on identifying the risks associated with various business operations and initiatives, then managing the risks vs. returns and ensuring effective communications when risks start to heat up.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

Fpanda Club

FEBRUARY 5, 2024

Otherwise, they will just add up to the budget of the finance function instead of adding value. Leaving aside analytical skills that are a “hard skill” must-have, soft skills are of particular value to finance business partners: communication and relationship skills, business understanding and advisory skills to name a few.

Finance 130

Finance Analyzing Data Benchmarking Communication 130

VCFO

NOVEMBER 1, 2023

Alternatively, if expenses are running over budget, are there line items that can be cut or deferred to pull overall expenses back in line with budget? This operating plan can and should also be used in setting targets for management and the sales team and to finalize and communicate their respective compensation plans.

Finance 91

Finance Strategic Planning Auditing CFO 91

VCFO

MARCH 17, 2023

A benchmark exercise can also provide insight here. Effective purchasing managers also help communicate expectations to vendors to support capacity planning. While a 12-month projection is needed to support broader budgeting and forecasting, sharpening their view of those peak periods is a must.

Manufacturing 73

Manufacturing Benchmarking Forecasting Profit and Loss 73

Barry Ritholtz

SEPTEMBER 19, 2023

We actually have a budget for risk management and technology and tools. Interestingly enough, there’s only, you know, a handful of validators actually benchmark themselves to real returns. So you may see portfolios change as a result of, of benchmarking. You can be in marketing, you can be in communications.

Investments 56

Investments Math Risk Management Benchmarking 56

Jedox Finance

APRIL 12, 2023

Finance compares actual salaries, variable compensation, social security, and benefits with budget on an ongoing basis. When setting expectations, the ability to calculate target productivity ratios of employees against industry benchmarks is illuminating for boards and potential investors. Are we still in budget?

Financial Planning and Analysis (FP&A) 52

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

CFO News Room

DECEMBER 3, 2022

She suggests that industry participants consider everything in the new marketing rule as fair game for examiners and enforcers, including the supervision of electronic communications as well as books and records obligations. This year has seen inflation reach levels not seen for several decades, pinching the budgets of consumers.

Communication 130

Communication Investments Planning Marketing 130

Barry Ritholtz

AUGUST 15, 2023

SEIDES: If the S&P is your benchmark, which it isn’t for these pools of capital. RITHOLTZ: What should be their benchmark? So the proper benchmark for those pools has to look a little bit like the underlying assets they’re investing in. So what do you use for a benchmark? 14, 15% a year? RITHOLTZ: Right.

Benchmarking 52

Benchmarking Investments Marketing Treasury 52

Fpanda Club

MARCH 1, 2021

Benchmarking is an extremely powerful tool, but unfortunately, this kind of data, accumulated by consulting firms and professional associations conducting surveys and research on various adjacent topics, is not easily available or is highly fragmented. Best practice in the budget and planning process, PWC 2017 7. Sources: 1.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Benchmarking Value-Added Analysis Budgeting 130

Onplan

NOVEMBER 30, 2022

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. OnPlan is an all-in-one FP&A solution that streamlines financial forecasting, budgeting, and workflow management by connecting existing spreadsheets to a robust analytics hub. Key features.

Financial Planning and Analysis (FP&A) 52

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

Barry Ritholtz

FEBRUARY 20, 2024

The New York Fed is kind of, I don’t know how to say this first, amongst the regional feds, because you’re located right in the heart of the financial community. What is the communication like back and forth between the New York Fed and major players in finance, especially in the midst of a crisis like that?

Treasury 56

Treasury Marketing Economics Banking 56

Barry Ritholtz

OCTOBER 3, 2023

So, you know, we, we, we got involved and created a benchmark, a commodity indices at the time. There’s ways around that during reconciliation for budget bills and things like that. You know, I also had, you know, my, my chief of staff, my chief of communications, Ashley Hickeys, she, she was over the top amazing.

Marketing 107

Marketing Treasury Banking Profit and Loss 107