The Finance Weekly

MARCH 25, 2024

Big companies used to hog all the CFO action, but now even small and medium-sized businesses are jumping on the bandwagon. Why the sudden CFO craze? Well, CEOs are cluing in on the fact that having a financial expert on board can steer their ship in the right direction and spur business growth. As the Director of Amyris Inc.,

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CFO Finance Forecasting GAAP 97

CFO Talks

JUNE 8, 2022

Over the last few years, the role of the CFO has undergone a profound shift. The CFO of today and tomorrow should be able to take financial data and use it to influence operational decision-making and strategy. . “ The Ability to Create Agile Budgets. The role now is more about data and data collection.

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CFO Budgeting Construction Leadership 52

Jedox Finance

SEPTEMBER 10, 2020

It provides CFOs the line of sight to maximize top-line and limit discretionary spending, which is something an annual budget cannot achieve. This allows CFOs to stay laser-focused on triggers and initiatives that account for most of their business value. CFOs had to do this at the start of the crisis.

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CFO Forecasting Budgeting Financial Modeling 69

Future CFO

DECEMBER 18, 2022

In the coming year, CFOs will be expected to focus on helping their companies build resilience – whether through critical decision-making backed by a real-time view of financial data, or ensuring competitive advantage with digital transformation and sustainability initiatives. Source: Gartner 2022.

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Economics CFO Leadership Financial Data 98

Fpanda Club

SEPTEMBER 2, 2021

The list of typical FP&A activities usually includes planning, budgeting, forecasting, analysis, management reporting and performance management. Budgeting is a type of short-term planning whose goal is to transform strategic objectives into an operational plan by allocating available resources.

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CFO News Room

DECEMBER 16, 2022

As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management.

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Finance Budgeting Compliance Financial Analyst 130

The Charity CFO

FEBRUARY 27, 2023

Tosha Anderson, CPA and CEO of The Charity CFO , discusses the do’s and don’ts of a treasurer in a recent episode of the “A Modern Nonprofit” Podcast. These tasks include organizing financial data into helpful reports to be presented to the other board members.

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The Charity CFO

NOVEMBER 23, 2022

They are responsible for the financial health of the organization. They create and maintain financial records, prepare financial reports, and oversee the organization’s budget. This background helps them provide oversight for and manage all forecasts, budgets, and investments for the organization.

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Nonprofit Finance Strategic Planning Budgeting 52

Future CFO

AUGUST 6, 2020

Dynamic forecasting gives CFOs the line of sight to maximize top-line and limit discretionary spending – something an annual budget cannot achieve. This allows CFOs to stay laser-focused on triggers and initiatives that account for most of the business value. CFOs did this at the start of the crisis.

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CFO Forecasting Budgeting Financial Modeling 40

Future CFO

JUNE 13, 2022

Grace Lim (pictured), CFO at KK Women's & Children's Hospital (KKH) in Singapore shared with FutureCFO audiences how female finance executives could become CFOs. This article is part of FutureCFO's Female Leadership in Finance Series. Grace Lim, CFO, KK Women's & Children's Hospital.

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Healthcare CFO Leadership Finance 52

The Charity CFO

MAY 11, 2023

When utilizing outsourced accounting services, you only pay for the services you need and you may have access to more premium software than you could purchase on your in-house budget. Many organizations are close to the heart of their leadership, and letting go can be difficult.

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Nonprofit Communication Auditing GAAP 52

The Charity CFO

AUGUST 28, 2023

However, financially-minded folks are crucial for a variety of reasons. They can provide guidance on: Budgeting Investments Risk management Complex compliance and legal issue All are necessary for keeping the lights on and charting the organization’s path ahead. Do You Struggle to Make Sense of Your Financial Statements?

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The Charity CFO

AUGUST 15, 2023

Not only are accountants included in the management of grants like tracking how the funds are spent, they are also involved in the fundraising process by building budgets to justify the request. Budgeting and Planning Budgeting and planning are two essential aspects of a nonprofit accounting system.

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Nonprofit Accounting Profit and Loss Budgeting 52

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. The post ExecOpinion: Finance transformation: Strategies in 2023 appeared first on FutureCFO.

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Finance Benchmarking Compliance SAP 91

The CFO College

AUGUST 31, 2021

Help your startup clients stay cash flow positive with good budgeting and planning services. The rolling cash forecast is one of many CFO-level skills we teach in our program. Tracking Financial Data -- Reporting, recording, and storing all financial data for a startup can be overwhelming, if not a total mess.

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Startups Accounting General Ledger Forecasting 81

Future CFO

NOVEMBER 27, 2022

Sanjay Patil , executive partner for finance and supply chain transformation at IBM Consulting , ASEAN, says the CFO role is evolving and is now aligned with the priorities of the CEO for the organisation including improved efficiencies and customer experience. Sanjay Patil : Data is critical for the application and deployment of AI.

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Finance CFO Compliance Auditing 52

Jedox Finance

JANUARY 23, 2020

Traditionally, organizations used to look at those processes as part of their “Office of the CFO” activities. With that approach, department managers such as sales, HR, and operations had to create their own subset or personal interpretation of the financial plan. Collection of organization-wide financial and non-financial data.

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Financial Planning and Analysis (FP&A) Budgeting Data Analysis Forecasting 88

Jedox Finance

SEPTEMBER 3, 2020

It thrust the Chief Financial Officer (CFO) to the frontline of business survival and saw many setting up cash control towers with granular oversight over cash flow, receivables, and payables to navigate disruptions. In the old world, fragmented data, disconnected systems, and manual processes made this difficult, if not impossible.

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Forecasting CFO Planning Budgeting 81

Future CFO

FEBRUARY 10, 2021

The lively discussion highlighted the rising value of data in the CFO organization, the humanization of the role, and how CFO teams are becoming business partners. Elizabeth Ng , the chief financial officer at Deloitte Singapore , agreed. The new role of finance and data. New priorities. And some of them are new.

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Planful

JANUARY 11, 2022

Simultaneously, CFOs who once dragged their feet are now confident in the transformational benefits of digital table stakes like automation and AI. . Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence. What does this all mean?

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

Future CFO

AUGUST 3, 2021

Participants also shared how technologies freed financial professionals to become more effective, the importance of upskilling and sharing experiences, and the changing role of the CFO office within their companies. It is one reason why hunting for financial data is a lifelong job for many financial professional teams.

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Finance Forecasting Financial Modeling Accounts Payable 52

Centage

MAY 8, 2023

Your role is critical and complex as you know and understand the financial operations of your organization inside and out – and are ultimately responsible. You are a master of your companyʼsʼ financial data – and there is so much of it to manage. Plan to work with them early in your board presentation development stage.

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Future CFO

SEPTEMBER 14, 2020

Tam noted that FP&A professionals will then need to “revisit their financing and liquidity strategies, centralize decisions for cash release upon the applications of government stimulus, and implement tax planning strategies that can reduce cash expenditures and preserve budget.”. For Sofitel’s Lee, the issues lie with governance.

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Future CFO

MARCH 3, 2020

Finance leaders, therefore, need to think about how their team will operate in a real-time planning, budgeting and closing environment, the firm noted. . How should data be governed as reporting expands to integrate financial and non-financial data?

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Finance Leverage Education Budgeting 40

Future CFO

OCTOBER 1, 2023

Among these are the changes that were faced in the financial planning and analysis function. How the pandemic dictated changes in FP&A Chew said that moving data to the cloud and creating more standardised dashboards for more proactive management actions are a few of the FP&A practices that were influenced by the COVID-19 situation.

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

CFO News Room

JANUARY 4, 2023

It requires strong leadership skills, extensive industry knowledge, and the ability to make tough decisions. The Chief Finance Officer of a real estate investment trust manages the organization’s financial health and ensures its long-term stability and growth. But for those who are up to the challenge, the rewards are well worth it.

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Investments Budgeting Finance Marketing 130

Planful

JUNE 8, 2016

The State of the Annual Budget. Many companies are still relying on annual budgets. Streamlining the Budget and Forecasting Process. The cloud has the ability to greatly improve the efficiency of the budget cycle, while also making it easier to connect finance and operations. Argyle Virtual Event: Spotlight on FP&A.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Restructuring Forecasting Budgeting 40

Jedox Finance

AUGUST 20, 2020

But as the current market uncertainty continues, CFOs need to refresh their approach to achieving cash and cost transparency. Step 1: Get your data in order. The biggest misconception lies with the quality of financial data. Many CFOs assume that the colossal amount of data they have is of top quality.

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