Michigan CFO

JUNE 7, 2023

In today’s ever-evolving business landscape, the role of the Chief Financial Officer (CFO) has become crucial for effective financial management and decision-making. However, not all businesses have the resources or the need for a full-time, in-house CFO. This is where virtual CFOs come into play.

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CFO Problem Solving Budgeting Communication 52

Jedox Finance

OCTOBER 13, 2021

In a recent post “Behold the Emergence of CFO 4.0” ” , we explored the emergence of CFO 4.0 and outlined five key changes for CFOs and their finance teams to make to get into the future. That means the CFO must be the first person to change her mindset for change to truly take place across the finance function.

CFO 98

CFO Problem Solving Finance Benchmarking 98

Future CFO

MARCH 30, 2020

The CFO is increasingly taking co-responsibility for the technology direction of the business. What has happened is that the CFO of the digital economy now has to evaluate technologies, research new opportunities and build partnerships. The findings of the survey are detailed in the white paper, State of the CFO Role.

CFO 52

CFO Benchmarking Finance Technology 52

Future CFO

APRIL 3, 2024

According to PwC’s 27th Annual Global CEO Survey, a question CFOs should urgently be putting to their chief executives is the query on the amount of human and financial capital the company reallocate from year to year. Overcoming these and other biases should be a top priority for CFOs , especially those facing reinvention pressures.

Benchmarking 52

Benchmarking Data Analysis Leadership Finance 52

CFO Leadership

APRIL 4, 2023

For instance, say you’ve thrown together an email for your team on performance benchmarks and the email seems too lengthy. We’ve polled CFOs about the skills they’d like to improve. The post Should CFOs Use ChatGPT first appeared on CFO Leadership.

Leadership 98

Leadership CFO Benchmarking Communication 98

CFO Leadership

OCTOBER 10, 2022

Research conducted for Robert Half’s 2022 Benchmarking Report found that staff retention is significant concern for 87% of employers in the United States. Senior leadership should help ensure that these managers have the tools and support they need to assume the rock star role successfully. Other BLS data shows that 4.2

Leadership 105

Leadership Benchmarking CFO Communication 105

The Charity CFO

DECEMBER 20, 2023

How does one help clients understand their benchmarking? An organization is comparable to another within the same industry, and therefore they use each other to gauge success when it comes to meeting KPI goals and industry benchmarks. As a bonus, they also offer leadership development and coaching for their clients.

Nonprofit 52

Nonprofit Benchmarking Healthcare Restructuring 52

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.

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CFO Communication Finance Budgeting 52

The Charity CFO

JULY 17, 2023

Define Expectations Through Benchmarks and Other Metrics Before you can figure out if your nonprofit is healthy, you have to define what healthy means to your organization. Work with stakeholders like donors, fundraising heads, program leaders, and others to determine what metrics and benchmarks should be used. Get the free guide!

Nonprofit 52

Nonprofit Benchmarking Auditing Compliance 52

Future CFO

MARCH 1, 2023

With the CFO being one of the key architects of an organisation’s digital transformation, Gartner says the CFO needs a finance function that drives the strategic ambitions of the enterprise. “To Industry benchmarks : Benchmarking data from similar organisations can help provide context for the metrics being measured.

Finance 91

Finance Benchmarking Compliance SAP 91

CFO Leadership

OCTOBER 10, 2023

The latter, for example, is an offering that Bloomberg says can “ bring the full potential of AI to the financial domain ” and create entirely new workflows, economic analyses and financial benchmarks for its customers. The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership.

Financial Planning and Analysis (FP&A) 115

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VCFO

SEPTEMBER 21, 2023

You can learn how you compare to your competitors and best in class by benchmarking your performance to a peer group. For instance, if your benchmarking shows a gross profit margin below the industry, that may signal excessive Cost of Goods Sold or Cost of Sales, suggesting operational or supplier agreement issues.

Valuation 87

Valuation Marketing Benchmarking CFO 87

Centage

DECEMBER 1, 2021

They’re focused less on benchmarking current performance to the predicted budget and instead want to leverage real-time data to understand what the future looks like. But times have changed – which is why financial forecasting is more important than your annual budget.

Forecasting 98

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

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

Future CFO

MAY 2, 2023

According to Gartner, success in digital investments and intended business outcomes are highly dependent on strong CFO-CIO partnerships. Moreover, the ability to separate true transformational concerns from misinformation or lack of understanding will help avoid frustration in both the finance team and leadership.

Finance 52

Finance Benchmarking Leadership Communication 52

CFO Leadership

MARCH 31, 2022

According to the 2022 AFP Payments Cost Benchmark Survey, just 25% of organizations surveyed said they used them. The post Credit cards: The working capital tool for the digital era appeared first on CFO Leadership. The best kept secret. Virtual cards are completely digital and are best for paying invoices.

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B2B Invoicing Benchmarking Leadership 93

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. This is a leadership pattern so pervasive it has a name: the “ glass cliff.”

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Investments Leadership Accounting Analyzing Data 100

VCFO

JANUARY 27, 2022

Implementing EOS, or a similar system, will help you and your leadership team get better at three important things: Vision – Get everyone in your organization 100% on the same page with where you’re going and how you plan to get there. Healthy – Help your leaders become a more cohesive, functional, healthy leadership team.

Benchmarking 81

Benchmarking Restructuring Leadership Planning 81

Future CFO

AUGUST 30, 2021

What makes for a sought-after chief finance professional (CFO)? According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. CFO: The role of CFO is very senior; hence a high level of experience is expected for anyone applying for this role.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

APRIL 7, 2024

Some audit firms conduct market studies to benchmark their remuneration against competitors and other professions, helping to ensure competitiveness. Younger employees are found to be more inclined to leave their organisations for pay-related issues, which have been exacerbated by the impact of inflation on real wages.

Finance 52

Finance Auditing Benchmarking Accounting 52

Future CFO

AUGUST 14, 2023

The advisory firm noted that it surveyed 249 senior enterprise risk executives in May 2023 to provide leaders with a benchmarked view of 20 emerging risks for enterprises. In addiiton, using outputs from these tools could well end up inadvertently infringing the intellectual property rights of others who have used it.

Concentration 52

Concentration Benchmarking Auditing Leadership 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

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.

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Benchmarking Budgeting Economics Forecasting 52

Future CFO

JULY 19, 2021

Raymond Cheng, President of HKICPA and Chairman of Judging Panel of Best CG & ESG Awards 2021.

Benchmarking 52

Benchmarking Leadership Risk Management Communication 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?

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

CFO News Room

NOVEMBER 14, 2022

Prior to founding Journey, Penny ran a consulting and coaching firm called Thrivos Consulting, and prior to that worked in various leadership positions across the financial services industry. They also serve as a benchmark for whether team members are succeeding in their roles on an ongoing basis.

Practice Management 130

Practice Management Planning Leadership Communication 130

PYMNTS

MAY 22, 2017

Whole Foods just announced the hire of Keith Manbeck, former Senior Vice President of Finance, Strategy and Business Transformation at Kohl’s Corporation, as CFO and added five new directors. That’s a prayer for “not too much loss” as opposed to “gain,” even as sales and other benchmarks remain north of zero. percent or better.

Benchmarking 40

Benchmarking Restructuring CFO Sales 40

Planful

DECEMBER 28, 2016

To discuss the topic of financial reporting tips that will help create a smoother year-end close, Planful, in cooperation with CFO.com, invited thought leaders from The Hackett Group to participate in a webinar titled, The CFO Playbook on Financial Reporting: Tips for a Smoother Year-End Close. Responding to regulatory changes.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

Future CFO

AUGUST 5, 2020

You can use it to benchmark your approach vis-à-vis your peers. These include: Business model assessment Financial check Health/safety/legal Scenario planning Customer retention & acquisition Packaging/pricing/payments Organisational alignment. Click here to download this playbook.

Benchmarking 40

Benchmarking Planning Leadership 40

CFO Leadership

APRIL 10, 2023

Duty of Care Best Practices A global benchmarking study from International SOS was designed so organizations worldwide could compare duty of care policies and develop best practices to protect and support the global mobility of their employees and dependents. The post Navan’s Modern Approach to Duty of Care first appeared on CFO Leadership.

Risk Management 97

Risk Management Communication Leadership Benchmarking 97

Future CFO

MARCH 15, 2021

Doing so facilitates employees to easily benchmark themselves, map out a development plan to enhance their well-being and hold themselves accountable for their wellness, Gartner explained. More importantly, it encourages employees to seek out offerings the organization already provides, the firm added.

Benchmarking 40

Benchmarking Planning Accounting Leadership 40

The Charity CFO

AUGUST 14, 2023

Transparency and Public Perception Transparency is vital in every part of a successful nonprofit, especially staff and leadership salaries. A good place to start is by checking benchmarks and data on industry standards for similar positions. If it’s all a bit overwhelming, don’t worry – The Charity CFO can help.

Nonprofit 52

Nonprofit Benchmarking CFO Leadership 52

VCFO

NOVEMBER 1, 2023

Therefore, it is important that the planning is not done by the CEO and CFO in isolation, but that management is fully engaged. From these projections, a CFO can determine, with a margin of safety built in, what additional funding (if any) may be required. It is critical to engage in strategic planning for the year ahead.

Finance 91

Finance Strategic Planning Auditing CFO 91

CFO Leadership

MARCH 31, 2022

The Association for Financial Professionals (AFP) 2022 Payments Cost Benchmarking Survey found that 73% of organizations are now transitioning from checks to electronic payments. 2020 CRF-NACHA Survey on CRF Member Payment Benchmarks. The post 8 ways payment automation makes cash management better appeared first on CFO Leadership.

Cash Management 52

Cash Management Benchmarking Invoicing Leadership 52

Future CFO

APRIL 12, 2023

Delivering products even Accenture's The Cloud First CFO Study – 2022 edition reveals that in a survey of 740 finance leaders across 15 industries and 11 countries, 39% say the CFO now leads the cloud journey for the whole enterprise.

Finance 98

Finance CFO Benchmarking Data Analysis 98

Future CFO

AUGUST 18, 2023

Key considerations when moving to shared services APQC benchmarks suggest that a finance shared services model provides a platform to automate up to 90% of journal entries, reducing cycle time to five days for monthly close. But building a shared services function requires careful consideration from the CFO and finance team leaders.

Finance 52

Finance Communication Accounts Payable Invoicing 52

Future CFO

JULY 26, 2021

The ERP vendor should understand the industry benchmarks and best practices and leverage these to guide the company forward. Learn more: [link] The post CFO directive: resetting the table stakes of business transformation appeared first on FutureCFO. Guided by best practices.

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SAP CFO Compliance Planning 52