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.

Financial Planning and Analysis (FP&A) 115

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

Future CFO

APRIL 18, 2022

It also helps finance teams deliver financial results, create informative financial and management reports, and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.

Finance 52

Finance IFRS GAAP Accounting Principles 52

Future CFO

APRIL 4, 2023

GBS: Yielding the Butterfly Effect (BCG, September 2022) Through increased transparency and access to real-time data, a highly performing FSS can enable faster decision-making by CFOs in driving productivity and improved cash flow for the organisation. This is where technology tools such as Analytics play an important role.

Finance 52

Finance Reconciliations Invoicing Budgeting 52

PYMNTS

MARCH 1, 2018

“Spreadsheet” can be a four-letter word in corporate finance, but analysts say professionals continue to rely on the manual tool for everything from reconciliation to payroll. CFOs also value new hires’ proficiency with technologies. Reports in CPA Practice Advisor on Wednesday (Feb.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Corporate Finance Analyzing Data Reconciliations 40

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. The race for clarity.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

CFO Share

MARCH 14, 2022

Reviews of account reconciliations, account aging, and composition. Book an appointment with a CFO today. Sales concentrations and/or backlog risk. Analysis of inventory reserves and allowances. In need of a Quality of Earning report or due diligence services ? The post What is Quality of Earnings? appeared first on CFOShare.

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 52

Future CFO

AUGUST 2, 2020

Excel remains the de facto standard for planning – users can quickly, cost-effectively and independently conduct budgeting, and forecasting. By automating important but frequent planning processes, you can react faster and work out fast and accurate budgets & forecast in times of uncertainty.

Planning 40

Planning Reconciliations Budgeting Auditing 40

Planful

JANUARY 11, 2022

Consistent with their 2018 forecast, McKinsey’s late 2020 study found that organizations that invested more in digital than their competitors were twice as likely to report outsize revenue growth. Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence.

Financial Planning and Analysis (FP&A) 40

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

Planful

MAY 25, 2017

These systems can also support regular reporting and analysis of actual spending against budgets and plans, and they can support rolling forecasts of spending in future periods. However, these systems were not designed to support the detailed program planning that most Marketing departments undergo.

Finance 40

Finance Budgeting CFO Invoicing 40

Future CFO

NOVEMBER 5, 2019

AI supports this process with the creation of automated checklists, step by step instructions which results in less time waste by CFOs and their teams and there is a higher level of accuracy on reporting,”he said. The patterns needed to make accurate predictions are inconsistent and unreliable.

Finance 52

Finance Auditing Invoicing Reconciliations 52

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. While spreadsheets are commonly used and easy to modify, they are not designed to store and protect sensitive information. You might be thinking, “If not Excel, then what?”

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. Forecasting. By using this program, business owners and CFOs may believe they are maximizing their resources to organize and assess their stored data.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

Spreadym

AUGUST 10, 2023

Spreadym Spreadym is a financial planning and analysis (FP&A) software designed to enhance planning, budgeting, forecasting and financial reporting processes within a company. Bank Reconciliation: Xero's bank reconciliation features help ensure accurate financial data, which is crucial for reliable reporting.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

CFO Simplified

APRIL 8, 2022

Bring Value through CFO Insights. Bank reconciliations should be reviewed by management. Develop a cash flow forecast, identifying cash to be received and cash expenditures each week. Match the forecast to actuals on a weekly basis. The post Internal Controls appeared first on CFO Simplified. Recommendation.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

PYMNTS

AUGUST 12, 2016

Reconciliation becomes a massive headache for the institution, especially when tens of thousands of remittances hit them at one time, which is the nature of the tuition payments beast. It also reported losses – but losses that weren’t as bad as forecasted. Online lender OnDeck also reported a mixed bag of earnings on Monday.

Reconciliations 40

Reconciliations Prioritization Securities Banking 40

Future CFO

JANUARY 7, 2024

By adjusting budgets and forecasts not just annually but continually, companies can leverage this up-to-the-minute information to make the right moves at the right times. More automated data gathering and reconciliation also transforms the reporting process from a rote exercise to a dynamic, ongoing driver of organisational change.

Finance 52

Finance Planning Reconciliations Budgeting 52

CFO Leadership

MARCH 31, 2022

Connect to your global banks to automate statement collection and reconciliation. Forecast future cash flows. Our current forecasting process doesn’t require a crazy amount of time. It connects to your banks, aggregates data, and provides a real-time update on your cash position with automated reconciliation, and accounting.

Treasury 52

Treasury Cash Management Currencies Reconciliations 52

Planful

JULY 12, 2021

You might use automation to automatically extract accounts receivable data and feed it into your forecasting system for the financial consolidation process and reconciliation process, saving hours of finance teams’ time and minimizing errors. Provide Quick Forecasts for Better Decisions.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Forecasting Budgeting 40

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. Reconciliations shouldn't induce night sweats.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

Future CFO

APRIL 7, 2022

This difference also makes payment reconciliation more complicated from an accounting standpoint (e.g., Cash management policies should focus on budgeting, forecasting and financing and indicate how to handle day-to-day activities such as collections, procurement/ordering and payment. banking fees).

Finance 98

Finance SAP Leadership Cash Management 98

Future CFO

OCTOBER 4, 2020

Listen in to Part 3 of our Webinar: Align Finance & Operational Plans Accurately and Efficiently to find out how you to think big, start small and gradually evolve towards a full-fledged integrated business planning for your organisation: • Planning that saves time and eliminates manual reconciliation.

Finance 40

Finance Planning Reconciliations Auditing 40

PYMNTS

OCTOBER 19, 2016

Cash flow forecasting technology was once only for the massive enterprise, with resources aplenty to invest in such tools and the internal expertise to understand the complexity of it all. But cash forecasting is democratizing to smaller companies thanks to incoming technology, said TreasuryXpress CEO Anis Rahal.

Forecasting 77

Forecasting Cash Flow Forecasting Reconciliations Invoicing 77