article thumbnail

3 Ways to Improve Your Company’s Financial Management Right Now

Beacon CFO Plus

These are just a few things a part-time CFO can do: Conduct a comprehensive financial analysis to identify areas of potential cost savings and efficiency improvements. Create accurate cash flow forecasts to anticipate potential cash flow gaps and actively manage working capital.

article thumbnail

Finance vs. Accounting

CFO Simplified

Cash flow forecasting. A team member in the finance department addresses how a business manages their money, from: Investing and borrowing. Growth planning . CFOs are part of the company’s internal finance team just as bankers, and CPAs, are part of the company’s external finance team.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

9 Signs Your Startup Needs a Fractional CFO - By JP Puchulu

Boston Startup CFO

They can also help you identify areas where you can improve your cash flow. Creating a cash flow forecast : A cash flow forecast is a projection of your expected cash inflows and outflows over a certain period of time.

CFO 40
article thumbnail

Mastercard In Control Integrates With MineralTree

PYMNTS

.” Mastercard has also integrated its In Control solution with Strands’ Business Financial Management , a European solution co-developed by Mastercard and Strands to provide cash flow forecasting and financial analysis to small businesses.

article thumbnail

3 Steps to Kickstart Your Business

CFO Simplified

Create a cash flow forecast. It’s no secret that cash flow management is a top concern for any type of business. While this might seem like an obvious concept, cash flow problems are a major reason why companies fail, and many owners claim they never saw the problem coming.

article thumbnail

Checks, Data Sharing Limits Force B2B FinTechs To Find A Workaround

PYMNTS

Analytics technologies like machine learning, artificial intelligence (AI) and robotics process automation (RPA) turned cash flow forecasting into more of a science than it’s ever been. Of course, at the heart of this advancement is increased access to detailed financial data, but it’s not easy for everyone.

article thumbnail

What to expect from accounting firms specializing in nonprofits

The Charity CFO

Accounting firms that specialize in nonprofits can help your organization with financial management and reporting. They can help you develop budgets, financial projections, and cash flow forecasts to ensure your nonprofit is financially sustainable.