CFO News

DECEMBER 14, 2023

The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year. Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, the highest since 2001.

Benchmarking 52

Benchmarking Forecasting 52

CFO News Room

FEBRUARY 3, 2022

Facebook owner Meta Platforms lost a record $232 billion in market value Thursday after releasing a disappointing financial forecast, while shares of other companies including. In bond markets, the yield on the benchmark U.S. Oil prices climbed, with the global benchmark Brent crude up 0.5% The Nasdaq Composite Index dropped 3.7%

Benchmarking 130

Benchmarking Treasury Forecasting Banking 130

VCFO

MARCH 2, 2023

Challenges Faced by Professional Services Firms (and How a Strategic CFO Can Address Them) Professional services firms are unique entities. Below, we dive into what successful professional services firms do and what an experienced CFO adds to the mix. These can be developed using competitor benchmark data for the firm.

Strategic Planning 64

Strategic Planning CFO Budgeting Planning 64

CFO News

FEBRUARY 8, 2023

forecast in December policy. The central bank today also raised the benchmark rate by 25 basis points and retained monetary policy stance of withdrawal of accommodation. RBI Monetary Policy Meet: The Reserve Bank of India cut inflation aim to 6.5%

Benchmarking 52

Benchmarking Forecasting Banking 52

CFO News

DECEMBER 14, 2022

The Federal Open Market Committee raised its benchmark rate by 50 basis points to a 4.25% to 4.5% Policymakers projected rates would end next year at 5.1%, according to their median forecast, before being cut to 4.1% target range. in 2024 -- a higher level than previously indicated.

Benchmarking 52

Benchmarking Forecasting Marketing 52

Centage

APRIL 12, 2022

Our goal is to establish benchmarks, identify trends, and support on-going development of products and services that best fulfill our customers’ needs. While over 60 percent wanted to focus on budgeting and forecasting, another 52 percent intended to invest resources into growth, acquisition, and reorganization.

Financial Planning and Analysis (FP&A) 52

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

Boston Startup CFO

APRIL 12, 2024

13-week Cash Flow Forecasting We offer a comprehensive and forward-looking approach to cash planning. Budget vs. Actuals, Monthly Rolling Forecasts By analyzing your financial performance against budgeted targets, we will identify variances and recommend actionable strategies to improve cost efficiency and revenue generation.

Planning 40

Planning Cash Flow Forecasting Forecasting Benchmarking 40

Fpanda Club

APRIL 18, 2022

Within the FP&A function SWOT analysis can be used, for example, in self-assessment purposes which can be done with the help of internal customers and benchmarks. From the FP&A’s perspective, business and marketing teams, CFO and other senior management are internal clients while the results of performed activities (i.e.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Marketing Finance Forecasting 130

Jedox Finance

JUNE 5, 2023

Dashboards built with no-code, drag-and-drop Canvas technology can be used to compare all the data that matters over different time periods, and against different benchmarks. This was compared with the Jedox AIssisted forecast to demonstrate actual demand. The CFO saw this comparison as slightly exceeding the forecast.

CFO 52

CFO Benchmarking Forecasting Communication 52

Future CFO

OCTOBER 7, 2019

According to IDC’s Worldwide Semiannual Security Spending Guide , global spending on security-related hardware, software, and services is forecast to reach US$103.1 Boston Consulting Group (BCG) compiled average cybersecurity spending – see Figure 1 – to reveal a lack of standard benchmark. billion in 2019, up 9.4% Is that a good sign?

Budgeting 52

Budgeting Securities Benchmarking CFO 52

Future CFO

DECEMBER 26, 2019

In other words, going beyond compliance and bookkeeping to become a trusted financial and business advisor to small business clients will help any accountant step up to the role of virtual CFO. The rise of the virtual CFO The virtual CFO is a fairly new concept. Most of them are not able to afford a CFO on a full-time basis.

CFO 40

CFO Compliance Cash Flow Forecasting Benchmarking 40

CFO Leadership

OCTOBER 10, 2023

And research from Goldman Sachs forecasts that productivity improvements related to generative AI could deliver a 7% boost in global gross domestic product, while increasing productivity growth by 1.5% The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership. over at least the next decade.

Financial Planning and Analysis (FP&A) 115

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

CFO News Room

FEBRUARY 5, 2022

The new benchmark 6.54%-2032 bond yield ended 14 basis points higher at 6.8279%, compared to 6.6841%. The old benchmark 6.10%-2031 bond yield ended 16 basis points up at 6.8458%, as against 6.6829% close on Monday. lakh crore and a revised fiscal deficit of 6.9% for the current fiscal year, higher than the earlier estimate of 6.8%.

Budgeting 130

Budgeting Marketing Benchmarking Planning 130

CFO News Room

FEBRUARY 6, 2022

The forecast unemployment rate was 3.9%, essentially equal to the actual. Survey data have been revised as a result of an annual benchmarking process and the updating of seasonal adjustment factors. Job growth was much stronger than the estimate of 150,000, as compiled by Dow Jones. Changes to the Data. The news release from the U.S.

Benchmarking 130

Benchmarking Transportation Concentration Numbers 130

CFO News Room

FEBRUARY 4, 2022

The benchmark 10-year U.S. That was well above forecasts from economists who had expected a larger drag from the latest wave of Covid-19 cases. The spread between the Italian bond yield and the German benchmark, considered a barometer of financial stress in the region, rose to its highest level in over 18 months. . on Friday.

Benchmarking 130

Benchmarking Treasury Economics Banking 130

CFO News Room

FEBRUARY 4, 2022

It’s the latest in a series of recent fiscal and monetary benchmarks received with increasing blitheness. Instead of engaging in unsubstantiated forecasting or policy attitudinizing, a more productive and considered approach would focus on social science, historical precedent, and moral principle.

Economics 130

Economics Benchmarking Treasury Budgeting 130

Future CFO

AUGUST 25, 2019

The Reserve Bank of India (RBI) had its fourth rate cut this yearn early August, dropping its benchmark rate by 35 basis points to 5.4%. The RBI also revised its 2019 growth forecast downward to 6.9% In early August, the Philippines cut its benchmark interest rate by a quarter-percentage point to 4.25%. this year, versus 2.5%

Benchmarking 40

Benchmarking Forecasting Economics Banking 40

Future CFO

AUGUST 30, 2021

What makes for a sought-after chief finance professional (CFO)? CFO: The disruption of 2020 highlighted the need for the finance function to be more responsive – continually re-evaluating both short and long-term goals and strategies. These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

SEPTEMBER 17, 2019

New Gartner benchmark study reveals 92% of HR leaders are prioritising budgeting and cost optimisation initiatives. Leaders who fail to forecast uncertainty and prepare accordingly are forced to cut costs in real time, once their organization is impacted. That’s the good news. Otherwise, they risk being caught by surprise.”.

Benchmarking 52

Benchmarking Budgeting Economics Forecasting 52

Future CFO

MAY 2, 2023

According to Gartner, success in digital investments and intended business outcomes are highly dependent on strong CFO-CIO partnerships. Some examples include the number of manual financial processes, the accuracy of financial reporting and financial forecasts, the time taken for the month-end close process and so on.

Finance 52

Finance Benchmarking Leadership Communication 52

PYMNTS

DECEMBER 11, 2017

The firm published its annual national benchmarking report for the U.S. In this week’s B2B Data Digest, PYMNTS highlights the key findings from Xero’s benchmarking report to find out how SMB accountants are reacting to demands for advisory services and evolving, disruptive technology. —76 61 percent of U.S.

Accounting 42

Accounting Benchmarking Accounts Payable CFO 42

Future CFO

MARCH 3, 2020

The Hong Kong Monetary Authority has cut its benchmark interest rate today by half a percentage point to mirror the Fed’s base rate reduction from 2% to 1.5%. in 2019, the lower end of the central bank's forecast. billion to prevent the first back-to-back annual recessions on record. BNM reported economic growth of 3.6%

Benchmarking 40

Benchmarking Budgeting Forecasting Economics 40

The CFO College

APRIL 8, 2021

At CFO Bookkeeper, we use “VIP” to refer to “Valuable Expert, Instructor, Participant.” Valuable Expert : Becoming a valuable expert can mean expanding your accounting and tax knowledge in your niche, or adding CFO-level services, tools, and skills to serve clients in any industry.

CFO 52

CFO Benchmarking Tax Planning Accounting 52

Future CFO

DECEMBER 23, 2019

IMF Chief Economist Gita Gopinath said earlier this month that the organisation will likely cut India’s growth forecast of 6.1% The country’s central bank cut its benchmark rate five times this year. Image by IMF. for the fiscal year through March. The IMF estimates that general government debt hit a three-year high of 68.1%

Benchmarking 52

Benchmarking Budgeting Economics Forecasting 52

Future CFO

FEBRUARY 15, 2021

At a recent roundtable, one CFO commented she can’t recall a period in recent years where her team had done so many “what if” analysis than in 2020. Another CFO pointed out that COVID-19 has elevated stress testing to a whole new level. FutureCFO’s discussions with finance leaders in Asia identified similar conditions.

Financial Data 52

Financial Data Finance Benchmarking CFO 52

Future CFO

NOVEMBER 21, 2019

Indonesia’s central bank cut reserve requirement on Thursday but kept its benchmark interest rate unchanged at 5%. BI’s forecast for 2019 GDP growth was 5.1%, he said, in line with previous estimates. billion) of additional liquidity. Warjiyo said GDP was likely to improve in Q4 due to seasonal patterns. and inflation to hit 3.1%

Benchmarking 52

Benchmarking Economics Forecasting Banking 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. She noted that the CFO function is at an inflection point.

Financial Planning and Analysis (FP&A) 52

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

The CFO College

MAY 12, 2021

At CFO Bookkeeper, we have spoken with countless accounting professionals who are just looking for a magic bullet to serve clients, without investing money and the time it takes to internalize new knowledge. ” The answers to these questions give you a benchmark for success.

Education 52

Education CFO Investments Budgeting 52

Planful

OCTOBER 25, 2016

Among the many great topics on the agenda at the Argyle CFO Leadership Forum in Dallas was a session titled “Managing and Minimizing Enterprise Risk.” VP and CFO of Kajima Building and Design, Inc. The session was moderated by Bona Allen, Sr. The takeaway? Learn More.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

Future CFO

AUGUST 20, 2019

It takes three to 12 months to respond to security breaches, according to the annual Vendor Risk Management (VRM) Benchmark Study from Shared Assessments Program and Protiviti that surveyed 554 risk management practitioners and C-level executives. APAC firms deploying AI to combat cyber threats In terms of technology, 58.5%

Securities 40

Securities Risk Management Benchmarking Forecasting 40

VCFO

MARCH 17, 2023

A benchmark exercise can also provide insight here. This translates to purchasing power as many vendors are willing to make concessions to keep customers who know how to forecast their needs. Forecasting Sales and Applying Seasonality Sales is also a pivotal part of the inventory turnover equation.

Manufacturing 73

Manufacturing Benchmarking Forecasting Profit and Loss 73

The Charity CFO

APRIL 28, 2023

They can help you develop budgets, financial projections, and cash flow forecasts to ensure your nonprofit is financially sustainable. They can also provide financial reports that show how your organization is performing and how it compares to industry benchmarks. Financial forecasting services can also help you plan for the future.

Nonprofit 52

Nonprofit Accounting Firms Accounting Auditing 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. CFO Innovation, Oct 12, 2016 5. APQC, AFP Next level of FP&A study, 2019 2.

Financial Planning and Analysis (FP&A) 130

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

Barry Ritholtz

FEBRUARY 13, 2023

And because remember, Lehman had the Lehman Agg and that was the benchmark. There is above benchmark returns to be generated by active selection of credit quality duration and specific bonds. And if you were a CEO or CFO and said, okay, I know I got to figure out what my inventory level is, or my supply chain dynamics.

Mergers and Acquisitions (M&A) 57

Mergers and Acquisitions (M&A) Investments Marketing Education 57

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 a financial modeling and forecasting tool built by financial planners and analysts. Budgeting and rolling forecasts, as well as what-if scenario planning. Key features.

Financial Planning and Analysis (FP&A) 52

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

Planful

SEPTEMBER 13, 2016

Preliminary results of our 2016 FP&A Benchmarking Survey, conducted in collaboration with IBM, show that one of the main forces driving this is the accessibility of real-time internal and external data on demand. FP&A is instrumental in building a data-driven decision-making culture in the organization.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Education Benchmarking 40

CFO News Room

DECEMBER 13, 2022

in October, beating forecasts of 90.4, in November, beating market forecasts of 41.3. Here, timers on computers have replaced stopwatches, measuring the duration of calls down to the second and tracking how workers’ performance ranks next to their own past performance, their team average, and ‘company benchmarks.’”

Economics 130

Economics Forecasting Communication Benchmarking 130