FASB studies AI use in financial data analysis
CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
Best Practice Tips to Impress in the Role of CFO
Centage
JUNE 7, 2022
Once upon a time the role of CFO was focused on backward-looking data. Along with tracking cash flow and providing timely information, the best CFOs are strategizers, analyzing a company’s strengths and weaknesses from a financial perspective and helping direct decision making.
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Top 10 CFO Priorities for 2024
The Finance Weekly
DECEMBER 5, 2023
Strategic Leadership Given the rapid transformation of business models, especially with the ongoing green energy shift and the , pervasive XaaS trend , CFOs play a crucial role in guiding strategic discussions within their companies. Revamp Finance Operations As the , CFO's responsibilities grow, the finance function's impact also expands.
The AI CFO: Understanding the impact of AI on the role of CFOs
CFO Share
JULY 27, 2023
Read on to learn about the evolving AI landscape and explore the advantages, challenges, and future implications for CFOs, shedding light on how this powerful tool is revolutionizing the traditional responsibilities of finance leaders. Part-time CFO services can help your business take the best decisions based on the outputs given by AI.
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Scaling A Digital Marketing Agency: A CFO's Guide to Success
Adam Kae
JULY 17, 2023
A Fractional CFO can help you discover how to develop accurate and detailed budgets, align them with your agency's goals, and effectively forecast revenue and expenses. You get access to a Virtual CFO ( , CFO Adam ) for only $97 per month. Are you ready to feel the financial benefits of a Fractional CFO?
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898: Making Finance Proactively Persuasive | Russell Lester, CFO, Versapay
CFO Thought Leader
MAY 14, 2023
He told me that he thought that I was already ‘doing the work’ and that I should have a conversation with board—so I did,” explains Lester, who would be named CFO of Keap in early 2020. View finance as a teaching part of the organization and empower others to be inquisitive about the data.”
887: From Tech to Biotech: Enjoying Today’s Journey | Galit Yaakobovitz, CFO, AmyriAD
CFO Thought Leader
APRIL 4, 2023
This was a huge leap for me as far as understanding the business through data analysis and other aspects went,” observes Yaakobovitz, who—after 7 years with SanDisk—next sought to slow things down for a year or two as her young family grew by joining an M&A consultancy promising more manageable hours. 48:06] Working with mentors.
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9 Signs Your Startup Needs a Fractional CFO - By JP Puchulu
Boston Startup CFO
FEBRUARY 1, 2023
Here are the top signs that your startup may need a fractional CFO. A fractional CFO can provide significant value to the process by: Developing a financial plan : A financial plan is a key component of any fundraising effort. Negotiating terms : A CFO can help you understand the terms of a potential investment and negotiate terms.
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Survey: Executives Optimistic Despite Financial Disruption, Prioritizing Technology Adoption to Combat Talent Shortage
CFO Leadership
MAY 31, 2023
Data analysis and leadership were ranked by CFOs as the most important skills for new team members, outpacing more traditional competencies like accounting and project management. Inflation moved down to the third-ranked impact, tied with the US regulatory environment at 13%.
The state of play in reporting & assurance of sustainability information: 2019-2020 Data & Analysis
Future CFO
AUGUST 14, 2022
The study was designed to update understanding of market practice for the assurance of ESG or sustainability information globally, having reviewed 1400 companies across 22 jurisdictions.
When to Use a ‘Decision Tree’ for Business Planning
CFO Selections
MARCH 4, 2024
The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision. Basically, it is a visual version of an “if this then that” statement across all possible alternatives.
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Unpacking the value of digital transformation in finance
Future CFO
APRIL 3, 2023
Using machine learning and artificial intelligence (AI) for forecasting and predictive analysis is the next frontier for companies, where efficiency gains from RPA can help create more time for higher-value work such as AI-enabled data analysis and forecasting.
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What it takes to be a leader with competence and capabilities
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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20 ways CFOs are shaking up the agenda: 11-15
Private Funds CFO
MARCH 31, 2022
Continuing our list, we examine real-time data analysis, predictive analytics, Zoom fundraising, daily reporting and automated waterfalls.
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Survey: Executives Optimistic Despite Financial Disruption, Prioritizing Technology Adoption to Combat Talent Shortage
CFO Leadership
MAY 31, 2023
Data analysis and leadership were ranked by CFOs as the most important skills for new team members, outpacing more traditional competencies like accounting and project management. Inflation moved down to the third-ranked impact, tied with the US regulatory environment at 13%.
How global treasurers and CFOs should approach an erratic economy
Future CFO
JULY 17, 2023
Global corporate treasury leaders can serve as particularly essential strategic advisers right now— if they can harness the right data, analysis, and technology strategy to navigate choppy market conditions. BI and data lakes greatly enhance treasury analysis, insights, and reporting, enabling better decision-making.
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Clocking in and Out: Nonprofit Payroll Issues
The Charity CFO
NOVEMBER 8, 2023
Data Analysis, Budgeting, and Resource Allocation Budgeting and resource allocation are essential for nonprofit organizations. To get these things right, data analysis has to be done correctly. The post Clocking in and Out: Nonprofit Payroll Issues appeared first on The Charity CFO. Get the free guide!
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How Can Workplan Analysis Strengthen Your Business?
VCFO
JULY 8, 2022
The Workplan Analysis Process. Workplan analysis is led by a senior CFO or CHRO professional with deep experience in applying the tool and a full understanding of the concerns, questions, and decisions that need to be weighed. experience, expertise, education, and training) may be affecting outputs.
The CFO’s Guide to AI and Machine Learning
CFO Leadership
OCTOBER 10, 2023
Steer toward an architecture strategy that creates a single data repository that can be used for one-off problem solving and lets you add new AI analysis and assistance as they emerge. The post The CFO’s Guide to AI and Machine Learning first appeared on CFO Leadership.
What South African CFOs learnt from twelve days in Italy
CFO Talks
OCTOBER 21, 2022
South African CFOs spent twelve days in Italy attending the annual CFO Alliance Summit, learning from international peers, and bouncing ideas off each other. The summit consisted of CFOs from Africa, Europe and Asia. ” For Langa, the discussions on the role of the CFO in the digital age was fascinating.
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Use AI and Insurance Insights to Make Better Decisions
CFO Leadership
OCTOBER 10, 2023
The post Use AI and Insurance Insights to Make Better Decisions first appeared on CFO Leadership. The post Use AI and Insurance Insights to Make Better Decisions appeared first on CFO Leadership. Stay up-to-date by visiting the Aon Newsroom and sign up for News Alerts here.
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Comprehensive Guide to FP&A Salaries
The Finance Weekly
AUGUST 5, 2023
Professionals with more , specialized skills or extensive experience, such as data analysis or forecasting, tend to command higher salaries. FP&A professionals hold a crucial role in shaping a company's overall business strategy by delivering financial analysis and insights to management.
Alteryx for Accounting: The Future of the Finance Organization
Embark With Us
JANUARY 19, 2022
But take a step further than a tool's sweet spot and a CFO is asking for trouble. Put another way, our Finance Transformation team has been extraordinarily successful using Alteryx for a while now, and we want to share the knowledge with our brethren working under the office of the CFO. Or spreadsheets and budgeting.
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Metric of the Week: CFOs Prefer Strategy Over Management
CFO
APRIL 18, 2022
CFO’s reporting has illuminated, and studies and surveys have shown, the finance chief not only is needed as a strategic leader within the organization but increasingly yearns to perform in this role. The post Metric of the Week: CFOs Prefer Strategy Over Management appeared first on CFO. Part of any company’s.
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The importance of smart resource allocation for CFOs
Future CFO
APRIL 3, 2024
According to PwC’s 27th Annual Global CEO Survey, a question CFOs should urgently be putting to their chief executives is the query on the amount of human and financial capital the company reallocate from year to year.
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EPM and the Role of the CFO in Private Equity
Planful
MAY 27, 2015
They also discussed best practices in governance for private equity-owned companies and the role of the CFO. CFO coordinates communications between owners, CEO, operating management. CFO should be active advisor to CEO, voice of reason, help make decisions based on fact vs. emotional attachment to certain parts of the business.
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AI in the finance function
Future CFO
AUGUST 21, 2023
FutureCFO spoke to Robert E Parker , CFO for IBM Asia Pacific, for his perspective on how finance teams can and should take interest in the potential of AI, and arguably that waiting for the technology may not be in the best interests of the function and the company.
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Operationalising finance in the cloud
Future CFO
APRIL 12, 2023
Delivering products even Accenture's The Cloud First CFO Study – 2022 edition reveals that in a survey of 740 finance leaders across 15 industries and 11 countries, 39% say the CFO now leads the cloud journey for the whole enterprise.
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How finance leaders can navigate around accounting talent shortage
Future CFO
JANUARY 2, 2024
This can lead to improved financial reporting, data analysis, and overall financial management. When you outsource, your business can benefit from access to these advanced tools without the upfront costs and ongoing maintenance expenses.
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Elevating tomorrow’s finance leaders today
Future CFO
AUGUST 30, 2021
What makes for a sought-after chief finance professional (CFO)? CFO: The disruption of 2020 highlighted the need for the finance function to be more responsive – continually re-evaluating both short and long-term goals and strategies. These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances.
Using AI to Maximize Impact for Nonprofits
The Charity CFO
AUGUST 7, 2023
Enhanced Data Analysis and Decision Making Tired of number crunching? The programs can automatically flag valuable insights from large data sets that may have otherwise gone unnoticed. Join The Charity CFO newsletter for the latest trends in fundraising, nonprofit branding, and optimizing your team! Get the free guide!
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FP&A Survey Results – Finance Trends and Predictions for 2022
Centage
APRIL 12, 2022
CFO Spotlight Results Breaking the survey data down even further, let’s take a look at the responses from only the CFOs respondents: Business Outlook for 2022 CFOs are also feeling positive about their companies’ future. Top Priorities CFO priorities differed slightly from those of other survey respondents.
Ep 21: When Sales is at the Table
CFO Thought Leader
APRIL 1, 2023
In this Planning Aces episode, host Jack Sweeney and guest host Ben Murray discuss the collaborative organizational effort behind generating business intelligence (BI) and the different places BI resources may reside within a business, with reference to an episode featuring Gary Zyla, CFO of AssetMark. This is Gary Xyla, CFO of asset mark.
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Report the Future: The Role of Automation in Financial Reporting
Centage
SEPTEMBER 28, 2022
Reporting the Future In today’s highly volatile business climate, the job of the CFO is more challenging than ever. With Planning Maestro , Centage offers the sophisticated features needed by small and mid-market organizations to integrate budgeting , forecasting , and deep data analysis within one easy-to-use, scalable SaaS solution.
Preparing Your Finance Organization for the New Era of AI
CFO Leadership
OCTOBER 10, 2023
The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership. The post Preparing Your Finance Organization for the New Era of AI appeared first on CFO Leadership. Learn more about how we can help you achieve your business goals today.
What Is Enterprise Performance Management?
Jedox Finance
JANUARY 23, 2020
In a perfect world, we would like an EPM system that manages organization-wide planning, reporting and analysis. Traditionally, organizations used to look at those processes as part of their “Office of the CFO” activities. Collection of organization-wide financial and non-financial data. Analysis and calculation of major KPIs.
Luxury resort operator to digitally transform finance operation with Workday
Future CFO
MARCH 22, 2022
With intelligent automation and augmented analytics, Soneva can largely eradicate manual, tedious processes, and instead focus time and resources on strategic value-adding tasks such as data analysis and smarter, insight-driven business decisions, Workday added.
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The transformative value of generative AI in corporate tax
Future CFO
OCTOBER 24, 2023
As organisations race to ensure their readiness for the digital mandates imposed by legislators, they turn to investments in technology within their tax departments, resulting in significant improvements in tax data collection and processing, better data accessibility, and the ability to provide real-time reporting.
Pragmatically Navigating New Technologies in The New Year
The Finance Weekly
DECEMBER 30, 2021
As a small business CFO, how do you navigate toward business recovery? Moreover, how do you ensure data quality, security, and privacy as cybersecurity breaches stubbornly persist? CFOs must lead by example by demonstrating a willingness and desire to upskill in technological areas. As a result, the priority is more existential.
How to Run a Successful Giving Tuesday Campaign
The Charity CFO
NOVEMBER 2, 2023
Managing the Giving Tuesday Campaign with Data Analysis and Performance Tracking In the few short years since Giving Tuesday has become a national movement, data analytics and reporting have grown nearly as fast. The post How to Run a Successful Giving Tuesday Campaign appeared first on The Charity CFO.
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Where Can FP&A Career Path Take You?
Fpanda Club
SEPTEMBER 2, 2021
Familiar with data analysis and armed with powerful tools, FP&A teams start to play more visible roles in the organizations providing their leaders with actionable insights and recommendations on the best ways to achieve company’s objectives, thus, having the direct impact on their company’s results and success.
Ready to Make the Most out of Record-Setting Private Equity Growth?
E78 Partners
APRIL 13, 2023
To capitalize on these strategic choices, PE firms need to invest in a strong CFO office, personnel hires, processes and systems, and consider partnering with a transaction advisor to build a platform for successful roll-up strategies. The office of the CFO is critical to scale PE-backed companies. Have more questions?
Reframing financial uncertainty with data and AI
Future CFO
AUGUST 27, 2023
He added that this expands the scope of the CFOs’ remit, but it also means CFOs need to expand their data sources. "I I think what’s important is to find out what data is out there to augment your data analysis," Kesuma added. Moody’s, he noted, is well known for its counterparty credit risk analysis.
What Controllers Can Do to Help Leverage FP&A Solutions
The Finance Weekly
OCTOBER 13, 2021
Complete data analysis (DA). Leadership Skills & Collaboration with C-Suite Professionals: Due to the emergence of their increasing leadership responsibilities, FCs today often leverage their position to analyze and generate their own strategic insights in collaboration with the CFO, rather than simply serving up information.
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