CFO Simplified

DECEMBER 26, 2021

The purpose of this checklist is to create structure around when to grow, what roles are essential at what business sizes, and how to benchmark your accounting department against industry standards. Smaller companies, on the other hand, might have individuals in positions that encompass areas outside their traditional parameters.

Finance 52

Finance General Ledger CFO Auditing 52

E78 Partners

MAY 8, 2024

Validation and Reconciliation: Once categorized, the telecom expenses are validated against predefined benchmarks or budget allocations. Reconciliation may involve cross-checking billing details with service contracts and usage records. Discrepancies or outliers are investigated to ensure accuracy and integrity of the data.

Leverage 52

Leverage Auditing Compliance Invoicing 52

PYMNTS

NOVEMBER 3, 2020

Bloomberg customers will now be able to use the news site's terminal to look at Credit Benchmark 's credit risk data, which comes from risk views of the world's largest financial institutions, according to a press release. And with APSPays Vault, companies can store information securely and access reporting tools for reconciliation.

Credit Risk 88

Credit Risk B2B Accounts Payable B2C 88

PYMNTS

JANUARY 26, 2018

The data from these periodic closings can be instrumental in providing organizations with key benchmarking information about their financial standings, and yet businesses still struggle to gain the insight they need. Often, this all comes to a head at the end of every month or quarter when businesses must close the books.

General Ledger 47

General Ledger Benchmarking Reconciliations Accounts Payable 47

PYMNTS

FEBRUARY 13, 2018

“Payments are central to what we do, but just as importantly, we’ve got to deliver the full end-to-end breadth of payments data and reconciliation.” “You have all of this data and, now all of a sudden, we can do benchmarking, we can do analytics, but where else should we go?

B2B 44

B2B Benchmarking Reconciliations Corporate Finance 44

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. Intercompany reconciliations. The financial close and reporting process crosses multiple systems, departments, and locations. Multi-GAAP reporting (i.e.,

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 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. Reducing the length of the month-end close in any meaningful way depends on automation.

Financial Planning and Analysis (FP&A) 40

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

Barry Ritholtz

OCTOBER 3, 2023

So, you know, we, we, we got involved and created a benchmark, a commodity indices at the time. There’s ways around that during reconciliation for budget bills and things like that. Well, the team at Goldman Sachs had figured out if you bought like one gold future contract for the year, you would’ve made 30%.

Marketing 108

Marketing Treasury Banking Profit and Loss 108