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Turning challenges into opportunities: being a financial controller in 2024

Future CFO

It’s also the risk management part of the role that keeps the role exciting, crucial, and a continuous growth area,” Ramon adds. Proficiency in representing various business functions and offering a balanced perspective on risks and opportunities is crucial for smooth planning amid volatile markets.”

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Enterprise Risk Management and EPM – Separate or Joined at the Hip?

Planful

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.

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ExecOpinion: Finance transformation: Strategies in 2023

Future CFO

It is often in place with primary objectives to improve operational efficiency, optimise financial processes, enhance reporting and analysis, strengthen risk management and compliance, and elevate the employee experience. This will help ensure that the metrics can be tracked over time and progress can be measured accurately.

Finance 91
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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. Virtual CFOs leverage cloud-based accounting systems, collaborative tools, and remote communication to provide financial services to businesses on a part-time or β€œfractional” basis.

CFO 52
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FP&A best practices for 2024

Centage

Stronger interdepartmental communication and collaboration is a good benchmark to set as a best practice for this year. A proactive approach to scenario modeling enables better risk management and strategic decision-making. Regularly assess the impact of external factors on your financial outlook.

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Differences Between Budgeting and Forecasting in Business

Spreadym

They serve as a benchmark against which actual performance is measured, and any deviations from the budget may require approval or justification. Benchmarking: Compare your budgeted figures to industry benchmarks and competitors to ensure your financial targets are realistic and competitive.

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CFOs: Be aware of nine security trends

Future CFO

There are nine security trends that CFOs need to be aware when working with CISOs and security and risk management leaders. Security and risk management leaders must encourage active board participation and engagement in cybersecurity decision making,” said Addiscott.