Michigan CFO

JUNE 7, 2023

CFOs play a pivotal role in strategic decision-making, ensuring the financial health and stability of the business. Evolution of the Virtual CFO Concept With the rise of remote work and advancements in technology, the concept of a virtual CFO has gained significant traction. What Do Virtual CFOs Do?

CFO 52

CFO Problem Solving Budgeting Communication 52

Collectiv

AUGUST 18, 2022

Financial planning and forecasting go far beyond just day-to-day budgeting. By analyzing existing financial data, planners are able to create detailed models to predict future performance. This type of financial planning also considers broader social and economic trends and how they will affect the business.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

MARCH 1, 2023

To create more business impact, finance functions may need to reimagine their strategy, leadership, operating model, talent and/or technology ,” said the analyst. Finance leaders who want to stay competitive need to adopt the necessary technologies to prepare for and overcome upcoming challenges.

Finance 91

Finance Benchmarking Compliance SAP 91

The Charity CFO

AUGUST 15, 2023

Outdated workplace: Technology isn’t the wave of the future, it’s an essential element in today’s workplace. Accountants deserve positions that leverage technology to improve the department and the organization and when they don’t get that, it creates a challenge.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 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

Future CFO

JULY 7, 2021

Loreal Jiles (pictured), Director of Research – Digital Technology & Finance Transformation, Institute of Management Accountants (IMA) weighs in on how CFOs can create an agile finance function and why it matters. Loreal Jiles, Director of Research – Digital Technology & Finance Transformation, IMA.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Auditing Accounting 52

Planful

MARCH 9, 2016

If you are bogged down in spreadsheets and your your budget cycle is taking longer than it should, if your forecasting methods are prone to error, or if your business model needs to respond quickly to industry or consumer trends, then EPM software can be incredibly helpful. Myth: EPM software is expensive to manage.

Budgeting 40

Budgeting Forecasting Business Analytics Finance 40

Future CFO

MARCH 3, 2020

Finance staff must understand how digital technologies interact with the corporate ecosystem and also how to articulate bias and risk in machine learning.” Finance leaders, therefore, need to think about how their team will operate in a real-time planning, budgeting and closing environment, the firm noted. . Wilton advised.

Finance 40

Finance Leverage Education Budgeting 40

PYMNTS

JUNE 28, 2019

Serai likens itself to a professional social networking solution, and the backing by HSBC will allow Serai to leverage HSBC’s existing client base. million in funding for its technology, reports said this week. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Valuation 43

Valuation Reconciliations B2B Startups 43

PYMNTS

SEPTEMBER 6, 2018

employees and 2,000 financial decision-makers among small and medium-sized firms (SMEs), Soldo uncovered a range of ways businesses are losing money and visibility into expenses. More than one-third of survey respondents said they are forced into “unnecessary financial detective work” each month to uncover this information. .

Budgeting 40

Budgeting Leverage Finance Financial Data 40

PYMNTS

JUNE 1, 2017

Sigma is also a great option for companies that aren’t ready to invest in developing custom analytics applications – either because of budget constraints or size. Customers can leverage the tool to make pivotal decisions that could affect the strategy and long-term direction of the business.

B2B 42

B2B Invoicing Budgeting Currencies 42

Future CFO

JUNE 1, 2022

Rigid data silos have been replaced with more fluid methods of working as technology-enabled collaboration provides a comprehensive, company-wide, real-time overview for agility when plans change. Once the budget model was finalised, Accent Group developed a reforecasting model to build out their month-end reporting capability.

Technology 52

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

Planful

AUGUST 30, 2016

28% – Use of Big Data or Non-Financial Data. 25% – Zero Based Budgeting. When asked the question about the top barriers to achieving their top Finance initiatives, again, Lack of Systems or Technologies (22%) was the top answer, along with High Staff Turnover (22%). Use of Big Data Increasing.

Finance 40

Finance Budgeting Forecasting Planning 40

Future CFO

OCTOBER 1, 2023

Among these are the changes that were faced in the financial planning and analysis function. The) pandemic had accelerated the use of technology to fill the gap of face-to-face collaboration,” said Kum Fai Chew , group head of accounting and FP&A at Vena Energy Pte Ltd.

Financial Planning and Analysis (FP&A) 98

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

Spreadym

NOVEMBER 16, 2023

The best Financial Planning and Analysis (FP&A) software typically offers a range of features designed to help organizations effectively manage their financial performance. 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

Centage

SEPTEMBER 13, 2022

Forecast vs. Budget Though similar, a budget and a forecast serve different purposes. Companies typically create a budget before a forecast. Your budget is a roadmap of your business’s financial goals and how you plan to reach them. Businesses usually create a budget annually.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Planning Forecasting Profit and Loss 98

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

Centage

SEPTEMBER 13, 2022

Forecast vs. Budget. Though similar, a budget and a forecast serve different purposes. Companies typically create a budget before a forecast. Your budget is a roadmap of your business’s financial goals and how you plan to reach them. Businesses usually create a budget annually.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Forecasting Profit and Loss 52

Jedox Finance

NOVEMBER 17, 2022

While these tasks are important, technological advances can help certified public accountant (CPAs) save time and focus on being a strategic business partner that adds value across the entire enterprise. Skill #3: Adopting advanced technology effectively. Skill #6: Unifying data stuck in accounting silos. Table of Contents.

Budgeting 98

Budgeting Finance Forecasting Accounting 98

Spreadym

AUGUST 10, 2023

What is financial reporting software? Financial reporting software refers to specialized tools or applications designed to help organizations generate, manage, and present their financial data in a clear and organized manner. Formulas, forms, tables, and data arrays are centrally managed within the FP&A platform.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

Planful

MARCH 24, 2016

Traditional spreadsheet-based budgeting and forecasting has numerous limitations and is often prone to error. Planning, Budgeting and Forecasting with Enterprise Performance Management (EPM). Dynamic businesses need to streamline the budgeting cycle, while improving accuracy. How Do Businesses Shorten the budgeting cycle?

Budgeting 40

Budgeting Forecasting Planning Accounting 40

Spreadym

JULY 10, 2023

Automation and Technology: Leverage financial software and technology solutions to automate repetitive tasks, improve data accuracy, and streamline the close process. When selecting financial close software, consider your organization's specific needs, size, complexity, and integration requirements.

Financial Planning and Analysis (FP&A) 52

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

Centage

JANUARY 19, 2024

Cost allocation (also called spend allocation) refers to the strategic distribution of financial resources within a business to optimize operational efficiency and maximize profitability. It involves the meticulous planning and budgeting of funds across various facets of the organization, such as departments, projects, or physical locations.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

FEBRUARY 22, 2024

Inconsistent systems across departments and regions create data integration nightmares, requiring a small army of analysts to untangle the mess. Additionally, CFOs are now required to oversee compliance beyond traditional financial reporting, which extends to new areas such as ESG," Chee adds.

Financial Planning and Analysis (FP&A) 97

Financial Planning and Analysis (FP&A) Finance Compliance SAP 97

Jedox Finance

MARCH 7, 2023

Retailer accelerates budgeting and reporting 2. Chemical manufacturer plans for any scenario Integrating cross-organizational data 3. Cleantech provider integrates data seamlessly 4. Wholesale data was extracted and stored separately, and running macros took up to one hour during the planning and budgeting process.

Financial Planning and Analysis (FP&A) 52

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

Jedox Finance

MAY 31, 2023

1 In terms of execution, finance teams often struggle with limited visibility into cross-organizational data, making it difficult to accurately assess staffing needs and make informed decisions. Additionally, reconciling financial data with HR data can be a time-consuming and error-prone process, leading to delays and inaccuracies.

Planning 52

Planning Forecasting Finance Budgeting 52

PYMNTS

SEPTEMBER 16, 2020

The pandemic’s effects are reverberating throughout the process, however, and colleges completing the majority of new student onboarding must use remote, digital tools that enable them to secure students’ private details, including their addresses, financial data and health information.

Education 56

Education Budgeting Securities Leverage 56

Planful

MAY 7, 2021

Why FP&A Technology for Workforce Planning? FP&A is charged with analyzing your business, modeling potential options, and helping the business budget and plan for the short- and long-term future. It’s up to FP&A to ensure financial health while meeting strategic business goals. Build Standardized Processes.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Forecasting Finance 40

PYMNTS

NOVEMBER 12, 2018

While ERP systems have been around for 25 years or so, recent evolutions in corporate financial technology are redirecting the position of ERP within the broader ecosystem of digital platforms. Now, one of the most important roles of ERP is to act as an aggregator of corporate data. . ”

Corporate Finance 54

Corporate Finance CFO Finance Forecasting 54