Centage

DECEMBER 1, 2021

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. Produce scenario plans. For cash and expense planning, use your worst-case scenario to determine the expense base you can take on. Manage every dollar.

Forecasting 98

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

The Charity CFO

DECEMBER 20, 2023

How does one help clients understand their benchmarking? An organization is comparable to another within the same industry, and therefore they use each other to gauge success when it comes to meeting KPI goals and industry benchmarks. 180 MG looks at people, processes, and planning to identify a balance between the three of them.

Nonprofit 52

Nonprofit Benchmarking Healthcare Restructuring 52

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.

Nonprofit 52

Nonprofit Benchmarking Auditing Compliance 52

CFO Leadership

OCTOBER 10, 2023

Generative AI can provide the “why” behind financial analyses AI’s integration into financial planning is reshaping how financial professionals can extract valuable insights from data, make more accurate projections, and optimize planning processes alongside business leaders. In a recent Robert Half survey , 38% of U.S.

Financial Planning and Analysis (FP&A) 115

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

VCFO

JANUARY 27, 2022

Time tested business plans will simply not work without adjustments as inflation takes hold. It is critical to focus on inflation now and make necessary changes to your operating plan to combat it. This methodology keeps us aligned, it keeps us accountable, and we plan for the future on a routine basis. Retain Your Team.

Benchmarking 80

Benchmarking Restructuring Leadership Planning 80

Centage

JANUARY 18, 2024

Financial planning and analysis is at the heart of strategic decision-making for businesses, and as we step into 2024, it’s crucial to align your FP&A processes with the latest trends and best practices. Stronger interdepartmental communication and collaboration is a good benchmark to set as a best practice for this year.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Data Analysis Leverage Risk Management 40

Future CFO

MAY 2, 2023

Another good starting point is to look at other companies of similar size and scale within the same industry, which have already gone through a finance transformation process, as a benchmark for your organisation. As such, there needs to be flexibility to adjust the plan and timeline accordingly.

Finance 52

Finance Benchmarking Communication Leadership 52

Barry Ritholtz

JULY 11, 2023

Wall Street Journal ) see also Five Revealing Pictures : Professional money managers do well on their “slower”, buying decisions (actually well enough to beat benchmark portfolios!). She has worked at FT since 1988, and held leadership roles in investment management, distribution, technology, operations, and high-net-worth clients.

Benchmarking 77

Benchmarking Leadership Investments Marketing 77

E78 Partners

SEPTEMBER 14, 2023

Today, companies must adapt, evolve, and plan meticulously to stay competitive and profitable. To guarantee they remain on the right course, having a solid plan and budget in place is paramount for ensuring success. Timely Planning | The BP&B Calendar : Ensure that the budgeting process is both time-efficient and effective.

Financial Planning and Analysis (FP&A) 52

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

CFO Thought Leader

OCTOBER 1, 2023

Leet concludes: “My team and I had this sense of ownership, in that we took personally the success or failure of the acquired companies—and because of this, we were able to step up and play a broader leadership role.” Above all else, invest in the value of trust every day.”

CFO 52

CFO Leadership Finance Leverage 52

Future CFO

AUGUST 14, 2023

The advisory firm noted that it surveyed 249 senior enterprise risk executives in May 2023 to provide leaders with a benchmarked view of 20 emerging risks for enterprises. Flawed financial planning assumptions.

Concentration 52

Concentration Benchmarking Auditing Leadership 52

CFO News Room

NOVEMBER 14, 2022

Prior to founding Journey, Penny ran a consulting and coaching firm called Thrivos Consulting, and prior to that worked in various leadership positions across the financial services industry. They also serve as a benchmark for whether team members are succeeding in their roles on an ongoing basis.

Practice Management 130

Practice Management Planning Leadership Communication 130

VCFO

SEPTEMBER 21, 2023

Whether the plan is a near term sale or a sale transaction in the distant future, proactively identifying and adopting the right strategies and activating the optimal value creation levers will result in the maximization of value and the accomplishment of owner overall financial objectives. Discussion of several common adjustments follows.

Valuation 86

Valuation Marketing Benchmarking CFO 86

VCFO

MARCH 2, 2023

Some may think that makes financial management and strategic planning in a professional services firm simpler. This approach often manifests itself through mental exercises of “we did X in revenue this year and want to do Y% more next year,” but lacks sufficient thought and planning as to how that’s going to happen.

Strategic Planning 63

Strategic Planning CFO Budgeting Planning 63

Fpanda Club

MAY 17, 2022

Budget and annual planning cycle - these words can make many people tremble. Aimed at determining firm’s short-term objectives and transforming them into operational plan by allocating available resources, annual planning exercise is mostly considered by its stakeholders to be a curse rather than a savior. Too much game playing.

Budgeting 147

Budgeting Planning Benchmarking Leadership 147

PYMNTS

AUGUST 28, 2017

According to a news report in Reuters , citing Jeff Immelt’s Twitter feed, the GE chairman said: “I have decided not to pursue a leadership position at Uber,” adding that he had “immense respect for the company & founders.”.

Benchmarking 40

Benchmarking Valuation Leadership Technology 40

Michigan CFO

JUNE 7, 2023

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. Most virtual CFOs have extensive experience in financial planning, analysis, and strategy development.

CFO 52

CFO Problem Solving Budgeting Communication 52

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

Future CFO

SEPTEMBER 17, 2019

New Gartner benchmark study reveals 92% of HR leaders are prioritising budgeting and cost optimisation initiatives. During all phases of the economic market cycle, HR functions should regularly benchmark their internal data regarding their talent base (e.g., That’s the good news. Cross-function efforts.

Benchmarking 52

Benchmarking Budgeting Economics Forecasting 52

Future CFO

FEBRUARY 15, 2021

The report noted that 43% of respondents to the study say their organisations have become more focused on scenario planning and stress testing as a result of the pandemic. He also suggests comparing your organisation to your peers in other markets, identify the right set of benchmarks for your business. “If

Financial Data 52

Financial Data Finance Benchmarking CFO 52

Spreadym

AUGUST 17, 2023

Financial reporting dashboards can be used by various departments within an organization, including finance, operations, sales, marketing, and executive leadership. Design Dashboard Layout : Plan the layout of the dashboard, considering the CFO's preferences and the key metrics you identified.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

VCFO

MAY 26, 2022

The process is generally led by the HR Executive with leadership team collaboration. Historically, examining compensation strategy and conducting compensation benchmarks has largely been an annual or, in some cases, even less frequent endeavor. That would translate to a 4.2% personal impact of inflation (60% * 7%).

Communication 81

Communication Benchmarking Construction Leadership 81

PYMNTS

JULY 24, 2019

s Conservative Party leadership contest is only the latest geopolitical event sparking concerns among analysts over foreign exchange (FX) markets — and corporates’ ability to react to those changes. However, focus will quickly switch to the next steps — namely, cabinet appointments and the Brexit plan.

Foreign Exchange 57

Foreign Exchange Currencies Treasury Benchmarking 57

Future CFO

AUGUST 5, 2020

These include: Business model assessment Financial check Health/safety/legal Scenario planning Customer retention & acquisition Packaging/pricing/payments Organisational alignment. You can use it to benchmark your approach vis-à-vis your peers. Click here to download this playbook.

Benchmarking 40

Benchmarking Planning Leadership 40

Jedox Finance

APRIL 21, 2020

Scenario modeling can pinpoint potential opportunities so management can start planning today and understand drivers for change – both in their own and parallel markets. Modern planning solutions and modeling technology such as Jedox can harmonize these views into cohesive scenarios. This requires modeling, not casual empiricism.

Benchmarking 52

Benchmarking Valuation Communication Planning 52

Barry Ritholtz

FEBRUARY 21, 2023

BUCKLEY: I think it’s one huge lesson for us, and it’s brought out in our leadership team. And we had prioritized all our strategic plans, we had to figure out how to get them done while people were remote. I want to put that in context of leadership. Great leaders, you’ve got to embrace your reality.

Leadership 108

Leadership Investments Profit and Loss Technology 108

CFO Talks

MARCH 19, 2024

This list should encompass both quick wins, such as automating invoice processing to improve cash flow management, and long-term objectives, like integrating AI-driven analytics for more accurate financial forecasting and strategic planning. Fostering Commitment to Change True leadership is shown by example.

CFO 52

CFO Communication Finance Budgeting 52

Planful

DECEMBER 28, 2016

In the final weeks and days of the year, while there is a keen focus on finishing up the year strong and closing the books, it is also important to plan for the new year. Pre-planning and preparation make it possible to close out 2016 strong and head into the new year with confidence. Responding to regulatory changes. Cost containment.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

Future CFO

MARCH 15, 2021

However, only one-quarter of organisations report that they plan to maintain the programmes introduced during the pandemic for the foreseeable future, the firm pointed out. More importantly, it encourages employees to seek out offerings the organization already provides, the firm added.

Benchmarking 40

Benchmarking Planning Accounting Leadership 40

CFO News Room

FEBRUARY 2, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Wealth Partners , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Communication 130

Communication Planning Education Numbers 130

Planful

OCTOBER 25, 2016

Among the many great topics on the agenda at the Argyle CFO Leadership Forum in Dallas was a session titled “Managing and Minimizing Enterprise Risk.” He cited the recent example at Wells Fargo with associates opening up new accounts for clients and collecting millions in fees for the bank due to its incentive compensation plan.

Risk Management 40

Risk Management CFO Budgeting Benchmarking 40

E78 Partners

APRIL 26, 2024

The team at E78 Partner’s understands how frustrating inventory challenges can be for IT leadership. TEM benchmarking involves comparing an organization’s technology expenses, processes, and performance against industry standards or similar companies to identify areas for improvement and optimization. Shadow order & MACD activity.

Technology 64

Technology Benchmarking Auditing Leadership 64

PYMNTS

APRIL 2, 2018

Duvedi said people tend to lowball the numbers when pitching spend management plans to company leadership because they’re afraid to commit to higher numbers. In one application of that, individual companies can leverage the analytics to see how they’re performing and benchmark themselves against the rest of the network.

Accounts Payable 50

Accounts Payable Invoicing Benchmarking Numbers 50

PYMNTS

MAY 22, 2017

The company slashed costs by $270 million this year and is on track to reach its goal of $300 million in savings by the end of the fiscal year, with plans to save $300 million more between now and 2020. That’s a prayer for “not too much loss” as opposed to “gain,” even as sales and other benchmarks remain north of zero.

Benchmarking 40

Benchmarking Restructuring CFO Sales 40

CFO Leadership

APRIL 10, 2023

Achieving that goal means investing time and money, mostly around planning and implementing best practices. HR teams and internal marketing leaders can collaborate on materials highlighting what duty of care means at the particular company, examples of duty of care in action, and proactive game plans for extraordinary circumstances.

Risk Management 97

Risk Management Communication Leadership Benchmarking 97

VCFO

JANUARY 20, 2023

In most cases, developing a compensation philosophy and strategy is a collaborative effort across one’s executive team with key guidance provided by the organization’s compensation or HR leadership. Solid job descriptions are especially important when compensation and salary benchmarking are carried out.

Benchmarking 75

Benchmarking Leadership Education Compliance 75

VCFO

NOVEMBER 1, 2023

Identify opportunities for operational improvement and incorporate strategic adjustments in the planning for the year ahead. It seems obvious, but actively reviewing actual vs. planned results and understanding the variables at play is imperative to identifying areas of improvement. It is important to ensure that is happening.

Finance 89

Finance Strategic Planning Auditing CFO 89