The Charity CFO

MARCH 22, 2024

Types of Data for Nonprofits The types of data a nonprofit might use for decision-making can vary between organizations. Most nonprofits will use at least one of three types of data: Financial data: Financial data includes any data relating to the finances of the organization, such as revenue or expense data.

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

Future CFO

MARCH 1, 2023

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

Finance Benchmarking Compliance SAP 91

Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. This allows for a personalized view of the financial data. Organize the dashboard into sections or tabs for different financial areas (e.g.,

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

Spreadym

JUNE 13, 2023

By using the chart of accounts, organizations can ensure that financial information is recorded in a logical and structured manner, facilitating efficient bookkeeping, financial analysis, and compliance with accounting standards and regulations. It provides a standardized structure for aggregating and summarizing financial data.

Accounting 52

Accounting Financial Analysis Compliance Benchmarking 52

Spreadym

JUNE 27, 2023

Budgeting involves allocating resources and setting financial targets for various departments or business units within the organization. Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement.

Financial Planning and Analysis (FP&A) 52

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

Collectiv

JUNE 13, 2023

Financial management statements and reports provide the necessary information for stakeholders to monitor compliance. A well-organized financial report also helps you communicate your impact, explain your needs, identify opportunities, and inform timely and accurate decisions.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

The Finance Weekly

MARCH 5, 2024

C,ash Management The Open Banking initiative has been a game-changer in the financial services sector by allowing third-party developers to access financial data through banking APIs. Their innovation lies in streamlining payment workflows, improving compliance, and facilitating strategic financial planning.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Leverage Cash Management 52