Remove Benchmarking Remove Data Analysis Remove Leadership Remove Leverage
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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. Here are some more key practices that leverage technology to enhance collaboration, streamline accurate forecasting and reporting, and unlock more time for high-value strategic analysis.

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Preparing Your Finance Organization for the New Era of AI

CFO Leadership

While finance organizations are increasingly turning to AI to enhance their operations and streamline processes, leveraging AI capabilities to improve decision-making is in the early stages. Scenario analysis may also leverage AI to model various scenarios to better understand potential consequences of different decisions and market changes.

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Why Financial Forecasting Is More Important Than Your Annual Budget

Centage

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. At the same time, the economy and the workplace continue to evolve, making data-based decision-making more critical than ever.

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PodChats for FutureCFO: Bridging the confidence gap in financial data

Future CFO

I am not saying to go rip off the technologies that they have already got in their organizations but try to leverage and see what can work with them,” explained Smagh. He also suggests comparing your organisation to your peers in other markets, identify the right set of benchmarks for your business. “If

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Guide to Avoiding a Year-End Financial Close Meltdown

Planful

They described the following as some of the biggest challenges corporations have to face when approaching year-end close : Managing increasing volumes and complexity of data. Accomodating shifts in business strategy – e.g., M&As or leadership changes that impact data models and KPIs. Responding to regulatory changes.

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Transcript: Rick Rieder

Barry Ritholtz

You know, people are comfortable, leverage builds. And because remember, Lehman had the Lehman Agg and that was the benchmark. There is above benchmark returns to be generated by active selection of credit quality duration and specific bonds. You know, the leverage in the system builds. There is alpha.