CFO News Room

FEBRUARY 6, 2022

The number of unemployed persons, at 6.5 As another point of comparison, in February 2020, prior to the outbreak of the COVID-19 pandemic, the unemployment rate was 3.5%, and the number of unemployed persons was 5.7 The number of long-term unemployed (people who have been jobless for 27 weeks or more) declined to 1.7

Benchmarking 130

Benchmarking Transportation Concentration Numbers 130

CFO News Room

NOVEMBER 30, 2022

Although the quits rate remains above historic benchmarks, it’s been coming down for months. It’s also important to put the latest numbers in perspective to demonstrate how peak levels in this pandemic business cycle have moderated considerably this year. pic.twitter.com/XDZo45f8Sq. Elise Gould (@eliselgould) November 30, 2022.

Benchmarking 100

Benchmarking Numbers Marketing Economics 100

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

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

Future CFO

OCTOBER 7, 2019

This dramatic rise (in damage costs) only reinforces the sharp increase in the number of organizations unprepared for a cyberattack,” says Robert Herjavec, Founder and CEO of Herjavec Group. Boston Consulting Group (BCG) compiled average cybersecurity spending – see Figure 1 – to reveal a lack of standard benchmark.

Budgeting 52

Budgeting Securities Benchmarking CFO 52

Centage

DECEMBER 1, 2021

If your board asked you to run new numbers based on fresh assumptions, it took you days or weeks to create a new set of reports. 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.

Forecasting 98

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

CFO Leadership

MARCH 31, 2022

The reality is, an increasing number of vendors accept card payments, for many reasons. Card payments are secure–they don’t have to expose their bank account number. According to the 2022 AFP Payments Cost Benchmark Survey, just 25% of organizations surveyed said they used them. The number can only be used once.

B2B 93

B2B Invoicing Benchmarking Leadership 93

Fpanda Club

APRIL 18, 2022

To become better business partners FP&A practitioners should be creative, but it is not an easy task with a financial mindset traditionally focused on numbers, correct calculations and cause-and-effect relationship. Key questions to ask and the example of SWOT analysis are represented in the illustrations below.

Financial Planning and Analysis (FP&A) 130

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

CFO News Room

FEBRUARY 4, 2022

It’s the latest in a series of recent fiscal and monetary benchmarks received with increasing blitheness. In less than 50 years, and amid fluctuations, that number had been paid down to less than $40,000 (roughly $1.25 On Tuesday, February 1, 2022, the United States national debt surpassed $30 trillion for the first time. .

Economics 130

Economics Benchmarking Treasury Budgeting 130

CFO Share

MARCH 28, 2024

They are: Relevant Timely Measurable Clear Actionable The Dangers of KPIs The strength and weakness of KPIs is their simplicity: as a one-dimensional number, they provide no depth or details. Those who fail to appreciate the nuance of KPIs come off as cold, short-sighted managers who focus more on numbers than results.

Benchmarking 52

Benchmarking Numbers Retail 52

The Charity CFO

MAY 30, 2023

Organizations should establish a formal process for reviewing and determining the executive salary based on industry benchmarks. The post What to expect from nonprofit payroll services appeared first on The Charity CFO. They may often be classified as self-employed for tax purposes. Get the free guide!

Nonprofit 52

Nonprofit Compliance Benchmarking CFO 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

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. Business Outlook for 2022 For 2022, survey respondents predicted positive trends with regard to revenue, with 100 percent of companies expecting to grow or maintain their current numbers.

Financial Planning and Analysis (FP&A) 52

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

CFO Share

JANUARY 26, 2024

Consider industry benchmarks or standards to ensure alignment. These risk misunderstanding and a feeling of “I don’t trust the numbers.” The simplicity of KPIs is both easy to understand and lacking nuance, so never rely solely on the numbers. Gourmet restaurants focus on Avg. Is this a false-alarm or canary in the coal mine?

Foreign Exchange 52

Foreign Exchange Concentration Benchmarking Prioritization 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

Future CFO

MARCH 8, 2021

As a result, banks will no longer need to feed daily numbers in to Libor’s calculation from Jan 2022. The decision follows a consultation in Dec 2020 led by ICE Benchmark Administration, which compiles and oversees the daily rate. Hong Kong is also developing an alternative rate. As of Sep 2020, there were HK$4.8

Benchmarking 52

Benchmarking Currencies Risk Management Banking 52

VCFO

JANUARY 27, 2022

Since our formation in 1996, vcfo has helped our clients through a number of booms and busts (.com, It is imperative to incorporate periodic (and for key employees, frequent) updates to salary benchmarking studies and hourly pay benchmarking. Benchmark employee compensation to competitors and across industries.

Benchmarking 81

Benchmarking Restructuring Leadership Planning 81

Future CFO

DECEMBER 21, 2023

Cash flow and liquidity problems: Are your fixed costs or interest payments creeping up, or do you have a high number or amount of customer overdue payments? Review the credit terms you extend to customers and suppliers, and benchmark your trade terms against the rest of your industry. Weakened balance sheet.

Profit and Loss 52

Profit and Loss Concentration Benchmarking Invoicing 52

CFO News Room

DECEMBER 21, 2022

Is the ultimate success metric the number of GMVs garnered in the sales period that can be potentially costly and drive pent-up demand for the short term, or is it building sustainable engagement for their businesses for the years to come? The efforts have yielded record customer engagement. First-time purchases by members increased by 20%.

Sales 100

Sales Benchmarking Entertainment Retail 100

PYMNTS

APRIL 30, 2019

And for Google parent Alphabet , both puts and takes showed that most segments are showing signs of a slowdown, below a 20 percent benchmark that once seemed easily hurdled. In terms of headline numbers, first quarter top line came in at $29.4 The revenues missed expectations. And yet the company will continue to spend on expansion.

Benchmarking 46

Benchmarking CFO Advertising Numbers 46

Boston Startup CFO

FEBRUARY 28, 2023

You need to carefully select the KPIs that are most important to achieving your goals and keep the number of KPIs small, so everyone's attention stays focused. While metrics show numbers that reflect performance, a KPI puts that performance in context. Another critical characteristic of KPIs is that they must provide context.

Startups 52

Startups Performance Measuring Benchmarking Auditing 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

MAY 1, 2024

Giselle Arellano-Geronimo A controller, for Geronimo, also has the privilege to make a story out of the numbers and convert the results of the financials into actionable business decisions and strategies that help shape the business. “A

Leadership 98

Leadership IFRS Finance Communication 98

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

CFO Share

OCTOBER 6, 2023

For the passionate startup founders and dedicated SMB CEOs, knowing the true value of your business isn’t just about numbers; it’s about the heart and soul you’ve poured into your venture. As we journey through this article, we’ll illuminate the core factors that breathe life into the valuation of your business.

Valuation 52

Valuation Financial Analysis Startups Benchmarking 52

Future CFO

APRIL 21, 2021

While technology and software companies continue to dominate, this year’s ranking saw a breakout performance by pharma, with nine companies ranked (three times the number in 2020), a third of them making their first appearance there, according to the report.

Benchmarking 52

Benchmarking Sales Investments Planning 52

Future CFO

JANUARY 25, 2022

Employers in Singapore fell below global benchmarks when it comes to supporting staff during the pandemic, said Mercer March Benefits recently. A similar number of respondents (42%) feel that quality mental healthcare, including counselling, therapy or medication, were difficult to find and access.

Healthcare 52

Healthcare Benchmarking Numbers 52

Future CFO

JULY 12, 2021

The analysis found that governance metrics were consistently under-referenced across industries, Gartner pointed out, adding that the consumer staples sector had the highest number of governance metrics referenced, while the industrials sector had the fewest governance metrics referenced.

Benchmarking 40

Benchmarking Auditing Communication Numbers 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.

Securities 40

Securities Risk Management Benchmarking Forecasting 40

Future CFO

APRIL 24, 2023

Employees must know how to balance a number of risks including cybersecurity , financial, reputational, competitive and legal risks. “Supporting and accelerating business outcomes is a core cybersecurity priority, yet remains a top challenge.” CISOs must modify their cybersecurity’s operating model to integrate how work gets done.

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. Two years later, that number has climbed to 15%.

Investments 100

Investments Leadership Accounting Analyzing Data 100

PYMNTS

APRIL 27, 2016

During the call, CFO Luca Maestri noted that the company hasn’t seen a meaningful revenue impact from Apple Pay but did say that he expects Apple Pay could eventually make a financial impact. “Without giving exact numbers, if we would have had the same rate for the 6s as we did the 6, it would be time for a huge party.

Benchmarking 42

Benchmarking Sales CFO Numbers 42

PYMNTS

MAY 22, 2017

While the number of transactions may be down, the average basket size is up, according to a press release by Whole Foods Market ’s investor relations department. That’s a prayer for “not too much loss” as opposed to “gain,” even as sales and other benchmarks remain north of zero. percent to $99 million. Revenue has also grown by 1.1

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.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

PYMNTS

MARCH 14, 2016

We break down all the numbers below. Last August, the company added, it surpassed another benchmark of providing an average of $1 million a day for small businesses. $30 billion worth of investment landed at FinTech startups last year , representing a more than 100 percent increase in the volume of investment for this segment.

B2B 40

B2B Invoicing Benchmarking Finance 40

Future CFO

FEBRUARY 28, 2022

Pulkit Abrol (PA): It’s a remarkable age of change we now live in; the role of accountants and finance professionals has gone far beyond what the numbers mean. Following which, they can carry out talent mapping with capability planning and benchmarking their finance team’s current and future skills.

Finance 52

Finance Accounting Benchmarking Leverage 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. Associate advisors (and all team members) should be expected to attend quarterly reviews of their OKRs and to share their insights around their progress using key results as benchmarks.

Practice Management 130

Practice Management Planning Leadership Communication 130