The Charity CFO

APRIL 28, 2023

This system should then be able to support your organization in maintaining accurate records of each fund, tracking revenue and expenses, and preparing financial reports that show how each fund is performing. These reports can help you make informed decisions and identify areas for improvement.

Nonprofit 52

Nonprofit Accounting Firms Accounting Auditing 52

The Charity CFO

MARCH 22, 2024

In addition to identifying KPIs, you’ll need to establish benchmarks for success. After choosing KPIs and their benchmarks, you can start incorporating data insights into strategic planning. Improving Financial Management Improving your organization’s financial management is one of the biggest benefits of starting a data strategy.

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

Michigan CFO

JUNE 7, 2023

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team.

CFO 52

CFO Problem Solving Budgeting Communication 52

The Finance Weekly

NOVEMBER 27, 2023

Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. This measure aids in predicting future profits and establishing profitability goals and benchmarks.

Budgeting 52

Budgeting General Ledger Concentration Benchmarking 52

The Finance Weekly

JANUARY 19, 2023

It involves analyzing financial statements and data from different business units. 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.

Leadership 98

Leadership CFO Benchmarking Finance 98

Centage

SEPTEMBER 5, 2023

Three: Benchmark Industry Profitability Ratios Your profit margin might look weak to you, but is it? Real estate, health care, and financial services tend to have high profit margins. Benchmark your industry before looking at your profitability so you know what to aim for.

Financial Planning and Analysis (FP&A) 52

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

The Finance Weekly

FEBRUARY 21, 2024

In an era where digital transformation dictates the pace of business innovation, a groundbreaking tool is setting new benchmarks for financial management efficiency and IT department relief. This feature addresses one of the biggest challenges in financial reporting and analysis: the siloed nature of data across different platforms.

Finance 40

Finance Benchmarking Data Analysis Leverage 40

Collectiv

JUNE 13, 2023

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. Financial management statements and reports provide the necessary information for stakeholders to monitor compliance.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

Future CFO

MARCH 1, 2023

Gartner says finance transformation encompasses strategic initiatives designed to revolutionise the way the corporate finance function manages its strategy, processes, internal controls, and financial reporting. Industry benchmarks : Benchmarking data from similar organisations can help provide context for the metrics being measured.

Finance 91

Finance Benchmarking Compliance SAP 91

The Charity CFO

SEPTEMBER 25, 2023

The Effects Expense-Obsession Has on Nonprofits To be sure, overhead costs and routine expenditures are an essential part of any budget , and not keeping them under control is a certain path to trouble. That’s why it’s dangerous to rely on low overhead costs as a benchmark for effectiveness. Get the free guide!

Nonprofit 52

Nonprofit Budgeting Benchmarking CFO 52

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? audited or reviewed financial statements). If a revenue shortfall is recognized, should incentives be adjusted for the sales team to close deals and book revenue before year end?

Finance 91

Finance Strategic Planning Auditing CFO 91

CFO Talks

MARCH 19, 2024

By attending project meetings, participating in training sessions alongside team members, and being among the first to use the new system for financial reporting, the CFO not only shows a personal stake in the initiative’s success but also signals the importance of adaptability and continuous learning.

CFO 52

CFO Communication Finance Budgeting 52

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.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

AUGUST 30, 2021

According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. What makes for a sought-after chief finance professional (CFO)?

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

MARCH 6, 2020

The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. The company told its clients on Monday that it was “experiencing a system-wide outage.”. UK Moves Closer to Big Four Accountancy Breakup.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

Planful

DECEMBER 28, 2016

This includes finalizing the budget as well as considerations for upcoming regulatory changes. 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. This includes looking at industry benchmarks and implementing best practices.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

Planful

OCTOBER 25, 2016

One recommendation was to establish baselines for the business based on prior experience, or to use external benchmarking information to evaluate performance and risk.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40