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. What Do Virtual CFOs Do?

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CFO Problem Solving Budgeting Communication 52

The Charity CFO

MARCH 22, 2024

Types of Data for Nonprofits The types of data a nonprofit might use for decision-making can vary between organizations. Most nonprofits will use at least one of three types of data: Financial data: Financial data includes any data relating to the finances of the organization, such as revenue or expense data.

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

PYMNTS

JULY 5, 2017

Last month CXO Solutions announced the launch of CXO-Cloud for Oracle’s cloud-based Planning and Budgeting Cloud Services, another sign of support for the cloud by the firm. ” The mobility of cloud-based reporting tools, too, can bring a new level of ease for the C-Suite, he added.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 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. Properly evaluate each company and their credentials before letting go of your financial data. Get the free guide!

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

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.

Nonprofit 52

Nonprofit Finance Strategic Planning Budgeting 52

The Charity CFO

FEBRUARY 27, 2023

The major tasks of a treasurer can be summed up as follows: Operations management Oversight and compliance Strategic decision-making Operations management The operational tasks of a treasurer concern financial management. These tasks include organizing financial data into helpful reports to be presented to the other board members.

Nonprofit 52

Nonprofit Compliance CFO Leadership 52

Boston Startup CFO

FEBRUARY 1, 2023

Creating a pitch deck : A CFO can help you create a compelling pitch deck that highlights the financial aspects of your business, and let you know what gaps needs to be filled before getting in front of investors. They can also bring to your attention many key details that must be communicated to investors to secure their interest.

CFO 40

CFO Startups Cash Flow Forecasting Budgeting 40

The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Collectiv

JUNE 13, 2023

This data visualization built trust in the community because it gave voters the power to answer the questions that were most important to them. Track Finances for Optimal Impact Nonprofits often have limited budgets, so they need granular insights into how and where they spend their money to make the most of these funds.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

Centage

SEPTEMBER 7, 2021

This is what only looking at traditional financial reporting is like. But without digging into more underlying data, it’s difficult to get a complete picture on why. See how you can transform your planning, budgeting, forecasting and reporting with Planning Maestro. Finance at the Speed of Business. Watch Demo.

Finance 52

Finance Data Analysis Forecasting 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. Let’s use the implementation of a new T&E policy as an example.

Finance 91

Finance Benchmarking Compliance SAP 91

Future CFO

DECEMBER 31, 2021

According to Gartner , finance leaders anticipate a greater percentage of their time will be spent in improving flexibility of budgeting & forecasting (58%), closely followed by developing digital skills (56%) and redefining employee value proposition in hybrid environments. What does this mean to the finance and accounting team of 2022?

Leadership 98

Leadership Finance GAAP Forecasting 98

The Finance Weekly

JANUARY 19, 2023

An operational CFO optimizes performance by combining data from various departments with financial data. It involves analyzing financial statements and data from different business units. Though both have many of the same responsibilities, each type carries different expertise.

Leadership 98

Leadership CFO Benchmarking Finance 98

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?

Nonprofit 52

Nonprofit Problem Solving Finance CFO 52

PYMNTS

OCTOBER 29, 2018

More than 670 professionals at mid-sized and large firms were asked about how they collaborate with human resources and IT departments, both areas of the enterprise that have significant impacts on financial management.

CFO 58

CFO Corporate Finance Finance Risk Management 58

Spreadym

JUNE 19, 2023

The combination of spreadsheets technology and in-memory database helps to organize multiuser work on documents, upload fresh data in real time to reports and build updated analytics at any time. Spreadym allows users to create a calculation model of the entire business and link production and financial metrics of the business.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

Planful

JANUARY 11, 2022

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. As technology crunches the growing volumes of data, soft skills like critical thinking, problem-solving, and communication will become crucial for Finance to succeed. #1

Financial Planning and Analysis (FP&A) 40

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

Spreadym

NOVEMBER 16, 2023

The best features of FP&A software often include: Budgeting and Forecasting: These features allow organizations to create detailed budgets, forecasts, and financial plans. Users can input data, make adjustments, and project future financial scenarios.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Planning Budgeting Financial Modeling 59

Spreadym

SEPTEMBER 27, 2023

Spreadym offers a wide range of analysis tools, like plan vs. actual analysis, financial consolidation, budgeting, forecasting and a variety of stored versions of a document. Oracle Hyperion Planning: Oracle's CPM software is known for its robust financial planning and budgeting capabilities.

SAP 59

SAP Budgeting Forecasting Auditing 59

Spreadym

JULY 10, 2023

Post-Close Activities: After the books are closed, post-close activities may include archiving financial records, preparing management reports and analysis, conducting financial reviews, and initiating the next period's accounting processes. These tools enhance collaboration, communication, and accountability among team members.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52