CFO News Room

DECEMBER 2, 2022

Frances, who was promoted to CFO in August 2021, particularly enjoys this aspect of her role which she says is much more commercial and strategic than her previous one. “I It’s good for them to talk to someone in the company who isn’t just chasing invoices, but who wants to talk to them and hear how they’re getting on,” Frances explains. .

Technology 130

Technology CFO Benchmarking Auditing 130

CFO Talks

MARCH 19, 2024

Change Management: The Modern CFO’s Blueprint The role of a Chief Financial Officer (CFO) goes way beyond just looking after the company’s money. Developing the Finance Agenda Once strategic priorities are identified, the CFO distills these insights into a clear, concise list of goals.

CFO 52

CFO Communication Finance Budgeting 52

CFO Simplified

DECEMBER 26, 2021

The purpose of this checklist is to create structure around when to grow, what roles are essential at what business sizes, and how to benchmark your accounting department against industry standards. Mid-sized businesses benefit the most from hiring a fractional CFO. In these scenarios, bringing in a fractional CFO can benefit everyone.

Finance 52

Finance General Ledger CFO Auditing 52

CFO Leadership

MARCH 31, 2022

Virtual cards are completely digital and are best for paying invoices. According to the 2022 AFP Payments Cost Benchmark Survey, just 25% of organizations surveyed said they used them. Extended terms are less common, but since these are used to pay invoices, you probably have a PO, negotiated payment terms and cash set aside.

B2B 93

B2B Invoicing Benchmarking Leadership 93

Future CFO

DECEMBER 21, 2023

Are they taking longer to settle invoices or make deliveries? Review the credit terms you extend to customers and suppliers, and benchmark your trade terms against the rest of your industry. Have they asked to renegotiate contracts, to extend (if they are customers) or to shorten (if they are suppliers) payment terms?

Profit and Loss 52

Profit and Loss Concentration Benchmarking Invoicing 52

PYMNTS

SEPTEMBER 7, 2017

When organizations take in and pay out purchase orders and invoices, what does the perfect payment look like? But manually processing invoices can represent around 60 percent of labor costs, noted Webster. 5 Questions Every CFO Should Ask. Indeed, Sneed said, many seem unwilling to do so. Then, an organization must know itself.

Accounts Payable 56

Accounts Payable Invoicing Benchmarking Leverage 56

PYMNTS

MARCH 14, 2016

Analysis uncovered a few spots where the buyer-supplier relationship is in jeopardy, from failed contract negotiations, to fake supplier invoices, to procurement officials ready to ditch their suppliers. Last August, the company added, it surpassed another benchmark of providing an average of $1 million a day for small businesses. $30

B2B 40

B2B Invoicing Benchmarking Finance 40