CFO Share

OCTOBER 6, 2021

A report by the Cannabis Business Times found the top three business related challenges to the industry were competition/declining prices, compliance, and financial management. How do you tackle these financial hurdles without an experienced CFO? Does an outsourced CFO help a cannabis business? A CPA is not the same as a CFO.

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CFO Budgeting Compliance Forecasting 96

Future CFO

NOVEMBER 7, 2021

In ransomware, we are firmly in the remit of financial extortion and the CFO has a big concern and a big role to play in that respect. How involved is the CFO in cyber threats. McLeary says CFOs are risk managers themselves meaning they need to understand the risk of investments and make the right investments. “By

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CFO Forecasting Investments Securities 96

Michigan CFO

JUNE 7, 2023

In today’s ever-evolving business landscape, the role of the Chief Financial Officer (CFO) has become crucial for effective financial management and decision-making. However, not all businesses have the resources or the need for a full-time, in-house CFO. This is where virtual CFOs come into play. What Do Virtual CFOs Do?

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VCFO

APRIL 21, 2022

vcfo is delighted to announce that Gary Golden has joined the vcfo Dallas team as a Consulting CFO. Prior to joining vcfo, Gary’s career includes Controller, Auditor, CFO, and Senior Vice President positions for organizations like Kinko’s and Blockbuster. About vcfo. At vcfo, our mission is always to make your company stronger.

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CFO Strategic Planning Auditing Leadership 52

CFO Share

APRIL 2, 2024

You may find yourself at a crossroads: should you hire an in-house finance manager or an outsourced Chief Financial Officer (CFO)? What are Outsourced CFOs? CFO outsourcing can cover all tasks an in-house CFO, Finance Director, Controller and accounting team might perform for a small business. In-house Finance Mgr.

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CFO Finance Cost Analysis Forecasting 52

Michigan CFO

NOVEMBER 26, 2021

Did you know the average base salary for a Chief Financial Officer (CFO) is $397,448 ? With a fractional CFO, you can reap the benefits of a full-time CFO at a significantly reduced rate while still being able to get the same level of financial leadership and insights. In today’s article, we’ll cover: What is a fractional CFO?

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CFO Leadership Auditing Compliance 52

CFO Talks

JUNE 7, 2022

Due to this unique position, we need to ensure that the Finance Executive that earns our acclaimed CFO(SA) designation , is ready for the future of finance. In developing the CFO(SA) designation, we identified 34 competencies and four pillars that the Modern CFO needs to fulfill to excel in their leadership position.

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CFO IFRS Leadership Risk Management 52

CFO Share

MAY 8, 2024

In my years as a turnaround CFO, I’ve seen tragically too many businesses layoff staff without achieving the desired business expense reduction. No matter your cause, layoffs should be modeled using a reliable business forecast. Our business turnaround services can help you build or modify a forecast to suit this purpose.

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Forecasting CFO Budgeting Compliance 52

CFO Talks

MARCH 8, 2023

By Jeff Ryan, MD of AWCape , a Platinum Sage business partner for HR, payroll and financial solutions As businesses become more digital and technology-driven, the role of the Chief Financial Officer (CFO) is rapidly evolving. In the past, the CFO was primarily responsible for financial management and ensuring compliance with regulations.

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CFO Leadership Construction Compliance 52

Future CFO

FEBRUARY 4, 2024

IDC forecasts that the APAC GenAI market will grow by 85% CAGR from 2022 to 2027, with the financial services industry as one of the leading adopters. As legislators across the region seek to promote responsible AI adoption , firms may find it challenging to keep up with developments and ensure compliance.

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Finance CFO Leadership Risk Management 98

Future CFO

JANUARY 7, 2024

The evolution in the role As the CFO role expands, so does the influence of the finance function. With the vast volumes of data available, CFOs are increasingly assuming the role of data stewards. These risks can turn into opportunities for growth and profitability if managed right.

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CFO Risk Management Leverage Strategic Planning 52

Beacon CFO Plus

NOVEMBER 15, 2023

If you manage an SME—referring to a Small and Medium-Sized Enterprise—you may look to a fractional CFO to provide strategic financial expertise and guidance. Here’s how a fractional CFO can serve your needs as the manager of an SME: Cost-Effective Financial Expertise: You may not have the budget to hire a full-time CFO.

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CFO Budgeting Strategic Planning Financial Analysis 52

Future CFO

FEBRUARY 16, 2021

With growth forecasts of about +5.4%, we are expecting cautious optimism and investments to move forward. IDC forecasts that over 65% of the APAC GDP to be digitalized and spending to hit US$ 1.2 million sqm of space forecast for 2021. So why should the CFO care about the data centre investments of the company?

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CFO Forecasting Compliance Auditing 52

The Finance Weekly

FEBRUARY 22, 2023

This includes raising capital, managing cash flow, accurately accounting for business activity, and forecasting future performance. The following summarizes the abilities that an entrepreneurial CFO should possess to deliver at each stage. CFOs may have to convey negative news, which is ideally accompanied by sound guidance.

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Startups Finance CFO Forecasting 52

Beacon CFO Plus

SEPTEMBER 27, 2023

Providing Critical Financial Strategy, Cost Optimization, and More Hiring a fractional CFO for your startup is a strategic move that brings expert financial guidance without the full-time commitment. Financial Compliance and Reporting: Startups must comply with financial regulations and reporting standards.

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Startups Compliance CFO Financial Modeling 52

VCFO

FEBRUARY 15, 2023

Lee Ann James has joined the vcfo, serving the greater Houston, Texas area as a Consulting CFO. Lee Ann is an accomplished consulting CFO with more than 20 years of experience. More recently, she served as CFO at Seves USA, where she saved the company over $7.5M

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Auditing CFO Risk Management Budgeting 52

Future CFO

OCTOBER 20, 2021

The CFO role requires certain traits and skills, said Woranat Dumrongsiri (pictured), Country CFO, Deloitte Thailand and Deloitte Laos during an interview with FutureCFO for the publication’s Female Leadership in Finance Series. Woranat Dumrongsiri, Country CFO, Deloitte Thailand and Deloitte Laos.

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CFO Leadership Finance Problem Solving 52

Future CFO

OCTOBER 19, 2021

Gartner forecasts that global spending on security and risk management will exceed US$150 billion in 2021 adding cloud adoption and remote working to the mix of reasons for the spend. What are the different types of remote work threats targeting executives, including CFOs and CEOs?

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Securities CFO Risk Management Finance 52

CFO Talks

MARCH 14, 2024

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. Delegation and Empowerment: No CFO can do it all alone.

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Prioritization CFO Leverage Risk Management 52

CFO Talks

JANUARY 30, 2023

In the process, the CFO is emerging as one of the most important decision-makers in a modern organisation. Today’s finance solutions enable the CFO to automate most reporting and generate real-time dashboards that offer insight into key financial and operational metrics.

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Finance CFO Accounts Payable Forecasting 52

The Charity CFO

MAY 19, 2023

In a previous article, we discussed the benefits, risks, and compliance requirements of outsourcing bookkeeping for nonprofit organizations. Not only does it fulfill compliance requirements, but it also plays a crucial role in achieving the organization’s mission.

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Cash Management Nonprofit Compliance Budgeting 52

Future CFO

DECEMBER 26, 2019

Small businesses now have so much choice when it comes to selecting an accounting practice, that ordinary services like compliance, tax preparation and basic bookkeeping have become commoditised. The rise of the virtual CFO The virtual CFO is a fairly new concept. Most of them are not able to afford a CFO on a full-time basis.

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CFO Compliance Cash Flow Forecasting Benchmarking 40

CFO Simplified

DECEMBER 12, 2021

While many business owners look for a CFO to bolster their existing accounting team, here at CFO Simplified, we consider that a CFO would be categorized squarely in the finance category. Sometimes the differences are misunderstood because the CFO works with both the Accounting and Finance departments. Growth planning .

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Accounting Finance Cash Flow Forecasting CFO 52

The Charity CFO

APRIL 20, 2023

Some tools may also provide forecasting based on historical data. Experience with grant and donor reporting,including compliance with federal and state regulations and reporting to grantors and donors. Knowledgeable about compliance with tax exemption requirements to ensure that the organization remains in compliance with them.

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Nonprofit Accounting Accounting Standards Budgeting 98

The Finance Weekly

OCTOBER 9, 2022

According to , Jim Caci , CFO of software-as-a-service (SaaS) and data management platform provider AvePoint, the collaboration between finance and IT is essential for any company looking to grow. This collaboration may include a unified cost and projected benefit analysis and an evaluation of the risks and rewards of a proposed investment.

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Finance Budgeting CFO Forecasting 98

Future CFO

MAY 31, 2023

S&P forecasts that Asia-Pacific will achieve real growth of 3.5% With reporting regulations continuing to evolve, and market certainty remaining unpredictable in 2023, how should the CFO, finance leaders and, indeed the entire, finance department work to ensure the team is able to meet expectations? will likely face recession.

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Finance General Ledger Prioritization Auditing 98

The Charity CFO

MARCH 22, 2024

Compliance and privacy concerns: As more states introduce legislation regarding digital privacy , nonprofits must be able to keep up with regulatory compliance and keep data safe. Consider working with knowledgeable data and financial teams, such as The Charity CFO, to help create your data plan. Get the free guide!

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Nonprofit Leadership Benchmarking Leverage 52

CFO Leadership

OCTOBER 10, 2023

Many have since advanced to intelligent process automation (IPA) — RPA amplified with artificial intelligence (AI) — to streamline and improve more complex work, from tax and compliance reporting to financial statement reconciliation. The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership.

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Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

https://trustedcfosolutions.com/feed/

FEBRUARY 23, 2022

Many small businesses will grow to the point where they need to consider hiring a Controller or CFO. This will allow your team to forecast future financials, ensure compliance, and provide good data for future planning and business strategy. . As your company grows, your needs typically change. .

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Technology Compliance Forecasting CFO 70

Future CFO

SEPTEMBER 10, 2023

“I think we need to recognise that the CFO role can mean a lot of different things in different businesses. It really depends on the type of business, their strategy and the type of skills they want the CFO to lead on.” Dan Wells, CFO at GrowCFO Charisma. Persuasive. These are qualities we often equate with leaders of the past.

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CFO Leadership

JANUARY 5, 2024

The intensity stems from the larger, more far-reaching implications of the make-or-break decisions CEOs and boards expect CFOs to make quickly. Fulfilling these and other ESG compliance mandates requires the CFO’s expertise concerning reporting rigor, data collection, data controls and related governance considerations.

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

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. Chief Compliance Officer. Insurance Advisor.

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CFO Leadership

OCTOBER 10, 2023

AI coupled with The Digitization of the Finance Function create powerful levers for today’s CFO. As AI permeates finance, questions about its compliance with audits and financial governance will arise. The post Embracing AI in Finance and Accounting: Balancing Risk and Innovation first appeared on CFO Leadership.

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CFO Leadership

JANUARY 25, 2024

Research from Protiviti shows that CFO priorities are intensifying and converging. The intensity stems from the larger, more far-reaching implications of the make-or-break decisions CEOs and boards expect CFOs to make quickly. Beyond finance, CFOs are shaping the adoption, use and governance of GenAI solutions throughout the company.

Financial Planning and Analysis (FP&A) 52

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

The Finance Weekly

AUGUST 5, 2023

Financial Planning and Analysis (FP&A) involve a range of activities, including planning, forecasting, budgeting, and analytical tasks, all of which are vital in providing essential support for a company's major business decisions and overall financial well-being.

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

The Charity CFO

OCTOBER 9, 2023

Systems also allow improved forecasting and future planning, as well as making compliance and tax considerations far more straightforward. Ignoring compliance and regulatory requirements It’s always worth remembering that nonprofit accounting is about more than just internal operations. Get the free guide!

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Nonprofit Accounting Profit and Loss Compliance 59

Future CFO

JANUARY 26, 2024

AI-powered tools can streamline the processing of these reports by automatically verifying receipts, categorising expenses, and ensuring compliance with company policies. 7) Cash flow forecasting: Informed financial decisions Accurate cash flow forecasting is essential for effective financial management.

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Accounts Payable Cash Flow Forecasting Accounting Invoicing 52