This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Healthcare and medical services They must comply with data protection laws, such as POPIA, to keep patient information private. Mining and manufacturing These industries must report on their environmental impact, worker safety, and financial results. If the data is incorrect or unclear, the company may face penalties or extra audits.
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.
If both companies involved follow IFRS, negotiations and due diligence become much easier because financial statements are prepared comparably. For example, if a European company wants to acquire a South American firm, IFRS ensures that both parties understand the financialdata being reviewed.
Futuristic Finance: Strategic Thinking for Tomorrow’s CFO In an era where rapid technological advancements and global economic shifts are the norm, Chief Financial Officers (CFOs) are not just financial stewards but strategic visionaries. Developing a Strategic Mindset Tomorrow’s CFO must think like a strategist.
The need for strategic financial planning and real-time financial reporting has never been more critical. However, hiring a full-time Chief Financial Officer (CFO) can be a significant financial burden for small enterprises. Discover how virtual CFO services can transform your business today.
after Citigroup was told it must address weaknesses in its management of financialdata by U.S. The retailer did beat top and bottom line estimates for its latest quarter, however. after the company issued a weak financial outlook despite beating top and bottom-line expectations for its most recent quarter.
It thrust the Chief Financial Officer (CFO) to the frontline of business survival and saw many setting up cash control towers with granular oversight over cash flow, receivables, and payables to navigate disruptions. For some industries like retail and travel, there was virtually no room at all.
Platforms like QuickBooks and Xero provide real-time insights into financialdata, enabling more informed decision-making and efficient tax preparation. It allows for continuous monitoring of financial performance, enabling proactive adjustments to tax strategies.
Building Robust IT Systems for Financial Reporting As financial operations become increasingly complex, having the right IT infrastructure in place is no longer just a back-office necessity—it’s a strategic advantage. For example, consider a large retail chain that has stores across South Africa.
Discover how CFO Plans can revolutionize your accounting practices. This evolution allows accounting professionals to focus on strategic activities such as business tax planning and CFO consulting for tech startups, rather than getting bogged down with routine tasks. Explore cloud-based accounting solutions with CFO Plans.
Modern businesses need comprehensive financial strategies that ensure compliance, drive growth, and improve efficiency. Discover how CFO Plans can transform your financial management and set your business on the path to success. Learn more about the benefits of outsourced CFO services.
Chief financial officers need to get decisions right for their organisations to provide business confidence in investing in growth. Considering all these, Kuralay and Robinson give tips to ensure that CFOs are future-ready for the business. The CFO can play an even bigger part in the future success of the business.
The AC Ventures report, Logistics Landscape in Indonesia , noted that the traditional supply chain in Indonesia is typically comprised of multiple layers prior to reaching retail and/or end customers (see Figure one).
For example, a small retail business implemented an automated invoicing system and reduced their billing errors by 30%. Get cost-effective financial solutions for your business. These services can assist with strategic financial planning, budgeting, and financial reporting, ensuring that your business stays on track to meet its goals.
These tools provide real-time access to your financialdata, enabling you to make informed decisions quickly. Case Study: A mid-sized retail company transitioned from traditional accounting methods to a SaaS-based accounting software solution. The startup was able to scale effectively while maintaining financial stability.
Anticipating Financial Challenges: Strategic Measures for Corporate Finance As a CFO in South Africa or elsewhere in Africa, you’re no stranger to the financial hurdles that come your way. Economic shifts, new regulations, and technological changes constantly test your ability to keep your company financially stable.
Strategic Insights from Outsourced CFO Services Hiring a full-time Chief Financial Officer (CFO) can be costly, especially for small businesses. Outsourced CFO services provide access to high-level financial expertise without the overhead. Explore strategic CFO services to fuel your business expansion.
Today’s podcast is sponsored by Draftworx, which provides automated drafting and working paper financial software to more than 8000 accounting and auditing firms and corporations. CFO Talks is a brand of the South African Institute of Business Accountants.
It thrusts the chief financial officer (CFO) to the frontline of business survival and saw many setting up cash control towers with granular oversight over cash flow, receivables and payables to navigate disruptions. For some industries like retail and travel, there was virtually no room at all.
There are data security issues, privacy issues, and all those sorts of things that we worry about, but I feel we're reasonably confident with our finance and accounting data and employee data." Vitasoy group director for internal audit and risk management Terence Chow commented that it's more than just financialdata.
As a CFO, your mind is constantly on finances: Where’s the money coming from? Which products and business units you, as a CFO, decide to reallocate capital towards will depend on the specifics of your market and industry. How’s cash flowing through the business? And, of course, what are the best ways to allocate your company’s capital?
The Chief Finance Officer of a real estate investment trust manages the organization’s financial health and ensures its long-term stability and growth. You could find yourself doing anything from managing retail stores to investing large amounts of money in real estate portfolios – each day is unique and comes with its own set of challenges.
Disappointing October growth data The central bank's actions are seen as a keen effort to lift the diminishing growth in the country. The October economic and financialdata that China recently released was disappointing. pace, data from the National Bureau of Statistics indicates.
The Inquisitive CFO: Leveraging Curiosity for Company Growth Curiosity is often overlooked as a professional skill. Yet, for a Chief Financial Officer (CFO), curiosity can be a secret weapon to drive company growth. Here’s how curiosity can transform the CFO role and lead to meaningful business growth.
Rigid data silos have been replaced with more fluid methods of working as technology-enabled collaboration provides a comprehensive, company-wide, real-time overview for agility when plans change. Australian footwear retailer. Consider Accent Group , Australia’s leader in retail and distribution of athletic and lifestyle footwear.
For example, a retailer might discover that, despite plans to build another location, many of its consumers choose to never shop in a store again. While using M&A and divestitures to accomplish organizational growth can be extremely advantageous, it is also one of the most difficult tasks a CFO can face.
Nicolaas van Wyk: Good day, CFO Club members, prospective members, and our CFO audience. My name is Nicolaas van Wyk, and I’m hosting another interesting podcast for CFO Club with Dr. Lawrence Nsibandze. He is the Chief Financial Officer of the Public Service Pension Fund. With that introduction, let’s welcome Dr.
In today’s top news, the Senate passes an amendment to the Paycheck Protection Program, Amex CFO voices concern as large companies’ pledges to freeze job cuts end and PayPal boosts its investment in Tink. Amex CFO Sounds Alarm Over Post-Lockdown Furloughs. Senate Passes Bill To Extend PPP For SMBs.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content