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.
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CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
CFO Dive
DECEMBER 12, 2023
AI can analyze vast amounts of financial data to predict trends, model budget scenarios, and deliver insights, writes Falconi’s Bernardo Miranda.
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CFO Plans
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In the ever-evolving landscape of financial services, the role of a Chief Financial Officer (CFO) is more pivotal than ever, particularly in industries like hospitality. Here, financial nuances can make or break expansion efforts. As businesses aim for growth, astute financial management becomes essential.
Speaker: David Worrell, CFO, Author & Speaker
Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements. This isn’t a dry accounting lesson—it’s a dynamic session designed to help you decode your numbers and turn financial data into a strategic advantage! Register now!
Simply Treasury
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The situation is so complex sometimes and the treasury so important in the complete review of the whole finance, that the problem must be decided by the CFO himself. Some MNCs have decided to do this, taking the risk, but with the certainty that they will eventually be able to manage the integrated data in a single system.
CFO Plans
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In today’s fast-paced digital landscape, the role of a Chief Financial Officer (CFO) in the financial services industry has evolved significantly. No longer confined to traditional financial management, CFOs now play a pivotal role in safeguarding their organizations against increasingly sophisticated cyber threats.
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CFO Talks
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In a role filled with financial data, strategic meetings, and high-stakes decisions, active listening can drive better outcomes and turn tough conversations into collaborative wins. Examples from the CFO World Dealing with Teams CFOs frequently negotiate with internal teams over budgets, resources, and targets.
CFO News Room
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Frances, who was promoted to CFO in August 2021, particularly enjoys this aspect of her role which she says is much more commercial and strategic than her previous one. “I I really enjoy presenting financial data in a way that’s easy for someone without a financial background to understand and explaining things in laymen’s terms.” . “I’m
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CFO Leadership
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Businesses can use it to generate product descriptions, performance goals with employee-specific target metrics, and narrative reporting to accompany financial data. Making this a reality starts with accurate, real-time, and expansive financial data.
CFO Talks
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The CFO is not just the gatekeeper of financial data. Building a personal leadership philosophy is one of the most powerful things you can do as a CFO. Why Self-Awareness Is Your Most Strategic Asset Most CFOs operate in environments where the margin for error is shrinking. appeared first on CFO Club Africa.
CFO Thought Leader
FEBRUARY 24, 2025
As OneStreams CFO, he was juggling the details of going public when a small AI startup called DataSense caught his attention. By championing technology that marries predictive power with secure financial data, Koefoed tells us he is helping steer OneStream toward a future where finance and AI intertwine.
The Finance Weekly
NOVEMBER 6, 2022
CFOs are well experienced finance professionals who know how to lead their team and the finance company through many different scenarios. Supposing a CFO has a couple years of experience, they have been through many ups and downs, uncertainties, and market changes that would have left them prepared for future challenges.
Centage
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Once upon a time the role of CFO was focused on backward-looking data. However, these days, chief financial officers do a great deal more than financial reporting. Marry Finance With Strategy It’s not enough to provide accurate financial data.
CFO Dive
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The majority of leaders at financial institutions say interest rates will drive business model guidance this year but few are leveraging financial data to support these changes.
CFO Talks
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The CFOs New Mandate: Scott Farrell’s take on Emotional Intelligence, Leadership, and Judgement in a Complex World The role of the CFO is evolving faster than ever, and its no longer just about numbers. In a recent episode of the CFO Club Podcast , Leana van der Merwe sat down with Professor Scott Farrell, Group CFO of B.
CFO Talks
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Now, picture the opposite: instant access to real-time financial insights, automated compliance checks, and AI-driven forecasts guiding your next move. This is the power of Financial Information Systems (FIS). Often, finance teams work separately from sales, operations, and HR, leading to inconsistent financial data.
CFO Talks
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Navigating South Africa’s Reporting Maze: What Every CFO Needs to Know Navigating the complex landscape of regulatory reporting in South Africa can be daunting, especially for CFOs who bear the responsibility of ensuring compliance while also driving strategic financial decisions.
CFO Talks
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Whether it’s market disruptions, new regulations, global events, or unexpected crises, Chief Financial Officers (CFOs) are often the ones steering the ship through stormy seas. Making the right decisions during uncertain times can be tough, but it’s also one of the most important skills a CFO can have.
Onplan
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A great CFO doesn’t just understand finance, operational drivers, and shifting market conditions. A great CFO has to persuade the rest of the management team to follow their advice. That’s why storytelling is such an essential skill needed to be a CFO. That’s why storytelling is such an essential skill needed to be a CFO.
Future CFO
DECEMBER 4, 2024
Wong says the ability to connect financial insights to the broader business landscape is crucial. “A A great finance leader sees the bigger picture, understanding how financial data aligns with organisational goals and drives growth. “I believe impactful leaders empower others to grow, creating strong, capable teams.”
CFO Talks
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Future CFO
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Each CFO, each finance function, brings their own strengths, concerns, and priorities. In one of my very first engagements with a very high-profile Group CFO, I was nervous, trying to get everything "right." That moment when a CFO says, This is exactly what we needed - and more - thats what I work for.
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In a centralised phase, the CFO enforces strong controls and ensures that reporting is consistent and accurate. In a decentralised phase, the CFO shifts focus to building systems that help business units make informed choices. Rethinking Who Calls the Shots appeared first on CFO Club Africa. It becomes sustainable.
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Many nonprofit leaders think accounting belongs solely to their CFO or accountant. But what if the key to financial clarity and stability lies in sharing the load? In this article, well explore why financial management is a shared responsibility and how nonprofits can use this strategy to drive their missions forward.
CFO Share
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Implement Sign-Offs and Quality Assurance from Other Departments Asking your bookkeeper to validate all financial data is unrealistic and sets them up for failure. Instead, create a system where department heads are responsible for confirming the accuracy of some data. This is where a fractional CFO can be invaluable.
CFO Talks
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If someone struggles with presenting financial data, offer tips, resources, or even a mentor to help them improve. As CFO, you can drive this by introducing tools that streamline processes and improve decision-making. Tools for automation, predictive analytics, and financial dashboards are becoming essential.
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Cloud computing is having a significant impact on organizations and especially the CFO, where its allowing for real-time access to financial data, says Craig Stephenson, global head of Tech, Ops, Data/AI, and InfoSec Officers Practice at Korn Ferry.
The Finance Weekly
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With over 200 integrations (think ERP and CRM systems), its built to streamline financial data management, budgeting, forecasting, and more. Real-time data consolidation and anomaly detection. Tailored for CFO needs with predictive insights. Tailored for CFO needs with predictive insights.
Jedox Finance
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This allows CFOs to stay laser-focused on triggers and initiatives that account for most of their business value. For dynamic forecasting to work effectively, CFOs need a scenario and modeling platform that supports real-time data updates. It combines financial data, customer, and sales data with operational data at scale.
Future CFO
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Giselle Arellano-Geronimo For instance, integrating cloud-based systems allows for greater flexibility and accessibility of financial data, enabling finance teams to collaborate more effectively. This involves investing in technology that automates routine tasks and provides valuable insights that can drive competitive advantage.
CFO Talks
NOVEMBER 7, 2024
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Future CFO
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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 Regulatory Variations: APACs regulatory environment for AI is still evolving.
CFO Talks
MARCH 5, 2025
To make sure everything aligns: Set up strong internal processes Have a clear system in place for collecting and verifying financial data. Some useful tools include: ERP (Enterprise Resource Planning) systems These systems (such as SAP, Oracle, or Sage) help track financial transactions and automate reporting.
CFO Talks
FEBRUARY 5, 2025
This isnt always easy, but looking at past financial data and market trends can help create more accurate estimates. Steps to Creating a Budget That Works Creating an accurate budget starts with looking at past financial records. The post How to Create Accurate Budgets for Business Units appeared first on CFO Club Africa.
CFO Plans
AUGUST 23, 2024
For many companies, particularly small to mid-sized enterprises, hiring a full-time Chief Financial Officer (CFO) isn’t always feasible due to budget constraints. However, this doesn’t mean they have to compromise on financial strategy and oversight. Discover how a Fractional CFO can transform your business today.
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