PYMNTS

OCTOBER 29, 2018

More than 670 professionals at mid-sized and large firms were asked about how they collaborate with human resources and IT departments, both areas of the enterprise that have significant impacts on financial management. For example, 68 percent of CFOs said the biggest roadblock is that their CIO peers do not “speak the same language.”

CFO 58

CFO Corporate Finance Finance Risk Management 58

Spreadym

DECEMBER 1, 2023

Tips for CFO to accelerate annual budgeting process There are several ways to expedite the annual budgeting process: Automate Processes: Utilize budgeting software or tools that automate calculations and streamline data entry. Prioritize Key Items: Focus on critical areas first to allocate resources where they're most needed.

Budgeting 59

Budgeting Prioritization Communication CFO 59

KG Virtual CFO

OCTOBER 12, 2020

Utilize Financial Forecasting If you’ve never heard of financial forecasting, here’s a brief rundown. Financial forecasting can help you estimate your business’s future financial health by looking at past financial data and reports. Need a trusted advisor to review your financial plan? First Name.

Budgeting 52

Budgeting Cash Flow Forecasting Prioritization Forecasting 52

PYMNTS

JANUARY 22, 2021

Getting data from the insurance companies — 50 percent of our patients pay with insurance — into our systems and reconciling that data is quite complicated.". Prioritizing Data Connectivity. "Not only are payments in the industry complex, but we deal with millions of payments a year," said Franco.

Healthcare 74

Healthcare Prioritization B2B Accounts Payable 74

CFO Network

MARCH 11, 2024

SMBs should prioritize timely payment of invoices to maintain positive relationships with suppliers while taking advantage of any available discounts for early payment. Implementing cloud-based accounting platforms can enable SMBs to access financial data anytime, anywhere, and collaborate more effectively with their financial advisors.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Invoicing Forecasting 52

Future CFO

AUGUST 1, 2023

The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Planful

OCTOBER 19, 2021

The person in this role should provide the board the financial knowledge needed to set the company’s larger strategy. Organizations that don’t prioritize net-zero transition run the risk of having BlackRock voting against management and selling its shares. The CFO stands to benefit from better environmental practice.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Auditing Communication 40

The Charity CFO

AUGUST 15, 2023

When you work in an environment that prioritizes these things, you’ll never have to wonder if everyone has the same goals. The Charity CFO is an outsourced accounting firm for nonprofit organizations. At The Charity CFO, our journey began with a former nonprofit CFO’s vision. That said, this is not the only option!

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Future CFO

AUGUST 3, 2021

Participants also shared how technologies freed financial professionals to become more effective, the importance of upskilling and sharing experiences, and the changing role of the CFO office within their companies. Companies needed to prioritize the forecast components, to figure out what was more volatile.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

Planful

JANUARY 11, 2022

In 2018, McKinsey reported that CFOs who didn’t adopt digital innovations like artificial intelligence (AI) were in danger of falling behind their counterparts in IT and marketing. When the COVID-19 pandemic hit two years later, it forced businesses to prioritize digital to stay afloat.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

The Finance Weekly

FEBRUARY 11, 2024

Significantly, budgets for Accounts Payable (AP) and Accounts Receivable (AR) systems also grew by 29%, proving that CFOs are prioritizing CFO Tech Budgets. In the past, the AR teams used spreadsheets for managing data, which involved manual input and could result in errors. from 2022 with $47,758.

Accounting 52

Accounting Invoicing Accounts Payable Budgeting 52

CFO News Room

DECEMBER 26, 2022

In addition, taking a systematic approach towards participating in and using industry benchmarking studies also indirectly helps advisory firm owners overcome the challenges of collecting, organizing, and comparing their firm’s data.

Planning 130

Planning Benchmarking Profit and Loss Communication 130