Centage

DECEMBER 1, 2021

But times have changed – which is why financial forecasting is more important than your annual budget. 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. Finance at the Speed of Business. Watch Demo.

Forecasting 98

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

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

CFO Talks

MARCH 14, 2024

Construct Reliable Control Systems: Ensuring the integrity of financial systems and controls is crucial. The CFO must review existing controls, identify any gaps, and implement improvements to safeguard the company’s assets and ensure accurate financial reporting.

CFO 40

CFO Performance Measuring Benchmarking Restructuring 40

Centage

SEPTEMBER 5, 2023

Three: Benchmark Industry Profitability Ratios Your profit margin might look weak to you, but is it? Real estate, health care, and financial services tend to have high profit margins. Benchmark your industry before looking at your profitability so you know what to aim for.

Financial Planning and Analysis (FP&A) 98

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

Future CFO

MARCH 1, 2023

Gartner says finance transformation encompasses strategic initiatives designed to revolutionise the way the corporate finance function manages its strategy, processes, internal controls, and financial reporting. Industry benchmarks : Benchmarking data from similar organisations can help provide context for the metrics being measured.

Finance 91

Finance Benchmarking Compliance SAP 91

Adam Kae

JULY 17, 2023

It's important to have a specialized hire to help you go over industry benchmarks, historical data analysis, and forecasting techniques to enhance your decision-making process. Financial Reporting and Performance Metrics: Effective financial reporting and analysis provide valuable insights into your agency's performance.

CFO 52

CFO Marketing Cash Flow Forecasting Budgeting 52

CFO Talks

MARCH 20, 2024

Steward (Guardian): Safeguarding Assets and Compliance This role is vital for maintaining trust with stakeholders and ensuring the financial health of the organization. This involves managing risks, ensuring compliance with financial reporting requirements, and mitigating operational and fraud risks.

CFO 52

CFO Compliance Performance Measuring Education 52

The Charity CFO

AUGUST 14, 2023

Unfortunately, under-compensating founders can have negative effects in the future if they burn out or need to leave to find another job for financial reasons. A good place to start is by checking benchmarks and data on industry standards for similar positions. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Benchmarking CFO Leadership 52

The Finance Weekly

FEBRUARY 21, 2024

In an era where digital transformation dictates the pace of business innovation, a groundbreaking tool is setting new benchmarks for financial management efficiency and IT department relief. This feature addresses one of the biggest challenges in financial reporting and analysis: the siloed nature of data across different platforms.

Finance 40

Finance Benchmarking Data Analysis Leverage 40

The Charity CFO

APRIL 28, 2023

This system should then be able to support your organization in maintaining accurate records of each fund, tracking revenue and expenses, and preparing financial reports that show how each fund is performing. These reports can help you make informed decisions and identify areas for improvement. Get the free guide!

Nonprofit 52

Nonprofit Accounting Firms Accounting Auditing 52

Future CFO

MAY 2, 2023

Is the company looking to improve the accuracy of its financial reporting, or to increase the efficiency of its financial close processes? Alternatively, are they looking at reducing costs related to financial processes? These metrics need to be concrete, measurable and directly linked to transformation outcomes.

Finance 52

Finance Benchmarking Leadership Communication 52

PYMNTS

APRIL 26, 2020

Digits for Expenses gives business owners the ability to see financial reports in real time and automatically analyze costs to evaluate activity, trends and anomalies. million Series A funding round led by Benchmark. Digits was created by the team responsible for building Crashlytics, which was sold to Twitter in 2013.

Benchmarking 60

Benchmarking Startups Finance Investments 60

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

PYMNTS

NOVEMBER 6, 2019

million Series A funding round, led by Benchmark. And there is nothing more mind-numbing than the paperwork, and spreadsheets, and financial reports and inscrutable transaction records that are all required to actually operate the business,” the FinTech startup explained. FinTech startup Digits has announced the close of a $10.5

Startups 43

Startups Benchmarking Leverage Financial Reporting 43

Michigan CFO

JUNE 7, 2023

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team.

CFO 52

CFO Problem Solving Budgeting Communication 52

Centage

SEPTEMBER 5, 2023

Three: Benchmark Industry Profitability Ratios Your profit margin might look weak to you, but is it? Real estate, health care, and financial services tend to have high profit margins. Benchmark your industry before looking at your profitability so you know what to aim for.

Financial Planning and Analysis (FP&A) 52

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

VCFO

NOVEMBER 1, 2023

These impacts will include major changes to accounting practices and financial reporting, as well as increased scrutiny of contracts, service agreements, and all leases starting now and moving forward. audited or reviewed financial statements). Read more in our blog about Lease Accounting Updates.)

Finance 91

Finance Strategic Planning Auditing CFO 91

The Charity CFO

SEPTEMBER 25, 2023

That’s why it’s dangerous to rely on low overhead costs as a benchmark for effectiveness. Do You Struggle to Make Sense of Your Financial Statements? Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances.

Nonprofit 52

Nonprofit Budgeting Benchmarking CFO 52

Spreadym

JUNE 13, 2023

By recording transactions in the correct accounts, the chart of accounts ensures accurate tracking and reporting of financial information. Financial Reporting: The chart of accounts serves as the basis for generating financial statements and reports. Here are some key practices.

Accounting 52

Accounting Financial Analysis Compliance Benchmarking 52

Spreadym

JUNE 27, 2023

This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. By maintaining accurate financial records, conducting financial analysis, and preparing financial statements, organizations can meet regulatory obligations and avoid penalties or legal issues.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

MAY 3, 2019

Reports in The Wall Street Journal said CFOs are changing the way they benchmark company performance, with potential implications for investors that continue to rely on traditional metrics to assess the state of a company.

Accounting 49

Accounting Accounting Standards Benchmarking Financial Reporting 49

The Charity CFO

MAY 30, 2023

Organizations should establish a formal process for reviewing and determining the executive salary based on industry benchmarks. Do You Struggle to Make Sense of Your Financial Statements? Minister Pay In religious or faith-based organizations, paying ministers and clergy involves specific considerations as well. Get the free guide!

Nonprofit 52

Nonprofit Compliance Benchmarking CFO 52

The Finance Weekly

NOVEMBER 27, 2023

Key Performance Indicators (KPIs) play a crucial role, especially in , financial reporting. To assess your company's financial well-being, it's better to be objective rather than subjective. This measure aids in predicting future profits and establishing profitability goals and benchmarks.

Budgeting 52

Budgeting General Ledger Concentration Benchmarking 52

The Charity CFO

JUNE 26, 2023

Regular budget reviews on a quarterly or yearly basis are essential to see if you’re hitting your expected benchmarks in both revenue and expenses. Do You Struggle to Make Sense of Your Financial Statements? But the work isn’t over. Get the free guide!

Nonprofit 52

Nonprofit Budgeting Benchmarking CFO 52

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

Future CFO

AUGUST 30, 2021

According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. Controllers: Companies don’t have access to historical data to benchmark their responses and performance against or help model future scenarios.

Financial Planning and Analysis (FP&A) 52

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

CFO Talks

MARCH 19, 2024

By attending project meetings, participating in training sessions alongside team members, and being among the first to use the new system for financial reporting, the CFO not only shows a personal stake in the initiative’s success but also signals the importance of adaptability and continuous learning.

CFO 52

CFO Communication Finance Budgeting 52

PYMNTS

MARCH 6, 2020

The British audit regulator, the Financial Reporting Council (FRC), announced plans this week to break up the dominance of the largest four accounting firms: PwC, EY, Deloitte and KPMG. The company told its clients on Monday that it was “experiencing a system-wide outage.”. UK Moves Closer to Big Four Accountancy Breakup.

Treasury 52

Treasury Auditing eCommerce Cash Management 52

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

Onplan

NOVEMBER 30, 2022

Benchmarking and KPI tracking across the organization to stay on course. Ad hoc reporting and visualization. Financial and business performance management. OnPlan is a highly-rated financial planning and analysis platform that offers powerful analytics and forecasting capabilities along with attentive customer support.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

MARCH 14, 2016

10,000 businesses have accessed financing via Swift Capital , the company said in its most recent financial report. The firm detailed its growth over 2015, reporting 87 percent year-over-year revenue expansion and a milestone of providing more than $500 million to SMEs.

B2B 40

B2B Invoicing Benchmarking Finance 40

Planful

APRIL 26, 2017

According to a recent benchmark survey by APQC, the bottom performers take 12 days or more to close the books and report their results to management. Then there is additional time spent on external financial reporting and creating regulatory filings. The best performers are able to get this done in 5 days or less.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Value-Added Analysis Auditing Benchmarking 40

Planful

OCTOBER 5, 2021

Manual processes have too long been the norm for managing the month-end close, whether it’s for entering and consolidating data, creating reports, or performing reconciliation. Within a short time, they were able to cut down on financial reporting times by 80%. The reason for this can be summed up in a single word: automation.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Benchmarking 40

Planful

AUGUST 1, 2017

According to a 2014 study by APQC benchmarking the financial close process, the bottom performers took 12 days or more to close and report their results to management. Then there’s additional time spent on external financial reporting and filings. The best performers were able to get this done in 5 days or less.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Planful

OCTOBER 25, 2016

One recommendation was to establish baselines for the business based on prior experience, or to use external benchmarking information to evaluate performance and risk.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

Barry Ritholtz

SEPTEMBER 12, 2022

And obviously in Q2, a lot of financials reported and they talked about loan loss reserves very well in check, very healthy, and so I think that’s a trend that we need to keep an eye on. But when we see those balances increase, another increasing at higher interest rates …. RITHOLTZ: Right. How are they set-up? What is their staffing?

Investments 113

Investments Marketing Profit and Loss Banking 113