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The Budgeting Process Is Broken-Here’s How to Fix It 

CFO Talks

The Budgeting Process Is Broken-Here’s How to Fix It If you are a CFO, you have likely outgrown the old budgeting drill. Budgeting and profitability analysis are not side tasks or compliance checkboxes. Budgeting That Actually Reflects Reality A modern CFO does not use a budget to tick off requirements.

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Financial Reports That Don’t Age Like Milk: The Power of Real-Time Data 

CFO Talks

From Spreadsheets to Smart Systems Traditionally, businesses used basic spreadsheets to manage their finances. Todays financial systems integrate with Enterprise Resource Planning (ERP) software, cloud computing, and artificial intelligence (AI) to provide instant access to up-to-date financial information.

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Top 5 Signs Your Accounting Is a Mess (And How to Fix It)

The Charity CFO

One Person Knows Everything About the Accounting If your entire financial system lives in one persons brain (or inbox), your organization is one sick day or resignation away from chaos. Train non-financial staff to engage in the accounting process and involve department heads in budgeting and reviews.

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The role of AI in accounts payable automation

Future CFO

Charlie Cheah , managing director, Esker Asia , believes that CFOs and in a bigger context, the Office of the CFO in Asia, face several challenges when integrating AI into financial systems, given the region's diverse technological landscape. "In

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Leading Through Uncertainty: Smart Ways to Manage Money in Tough Times 

CFO Talks

Here are seven key financial strategies to help you stay in control and thrive no matter whats on the menu. Ditch Rigid Budgets Stay Flexible Instead Imagine planning a long road trip. You map out your route, pick your stops, and set a budget for fuel. Thats why businesses need rolling forecasts instead of rigid budgets.

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How to Prepare Your Business for an Audit: Tips from a CFO

Capital CFO LLC

In fact, with a little preparation and a solid mindset, they can be an opportunity to strengthen your financial systems and show off your company’s organizational muscle. […] The post How to Prepare Your Business for an Audit: Tips from a CFO appeared first on Capital CFO+. But here’s the truth: audits don’t have to be scary.

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Is Your Nonprofit Ready for Increased Funding Scrutiny? Here’s How to Prepare

The Charity CFO

Heres How to Prepare The financial landscape for nonprofits is shifting, and the pressure is mounting. With government funding and donor contributions facing heightened scrutiny, nonprofit leaders must ensure their financial systems are rock solid. Do You Struggle to Make Sense of Your Financial Statements?