Future CFO

DECEMBER 28, 2022

The invoicing process encompasses much more than simply creating and transmitting an invoice. The total process cost per invoice includes the total cost of personnel, outsourcing, systems, overhead, and other allocations to these activities. per invoice. per invoice. Source: APQC. and top performers spent US$2.00.

Invoicing 52

Invoicing Accounts Payable Accounting Leadership 52

CFO Thought Leader

OCTOBER 15, 2023

For Tipalti CFO Sarah Spoja, the query instantly summons memories of being seated between two of Tipalti’s financing partners: JP Morgan and Hercules Capital, Inc. ” – Sarah Spoja, CFO, Tipalti It is really this idea of building efficiency, of building a profitability mindset, that matters.

CFO 52

CFO Finance Leadership Invoicing 52

CFO Thought Leader

OCTOBER 15, 2023

For Tipalti CFO Sarah Spoja, the query instantly summons memories of being seated between two of Tipalti’s financing partners: JP Morgan and Hercules Capital, Inc. We’re using AI to make the autocoding of invoices even more efficient. Or perhaps we should say two of its “future” financing partners.

CFO 52

CFO Finance Leadership Invoicing 52

CFO Leadership

JANUARY 25, 2024

High-impact areas to automate include invoice processing, the financial close, and internal controls. Perhaps one of the most significant shifts worth noting is the growing number of e-invoicing mandates globally. Then you can automate much of the invoice creation and distribution process to help decrease days sales outstanding.

CFO 52

CFO Invoicing Cash Management Forecasting 52

VCFO

JANUARY 18, 2024

They are paid an average of $1M upfront for each location, book that invoice as deferred revenue, and then recognize the revenue based on the completion of milestones that are spelled out in the contract using the percentage of completion method. As the points suggest, deferred revenue isn’t just an accounting issue.

Auditing 81

Auditing Leadership Construction Invoicing 81

PYMNTS

FEBRUARY 23, 2020

Accounts receivable (AR) automation firm Billtrust has appointed Mark Shifke as chief financial officer (CFO), bringing more than 35 years of financial and legal experience — including most recently as the CFO at fintech Green Dot — to guide the firm through its next phase of growth, the company announced in a recent blog. .

CFO 52

CFO Leadership B2B Invoicing 52

CFO Leadership

OCTOBER 10, 2023

For instance, accounts receivable and payable automation systems will use RPA to digitalize and classify paper and digital invoices. The post The CFO’s Guide to AI and Machine Learning first appeared on CFO Leadership. The post The CFO’s Guide to AI and Machine Learning appeared first on CFO Leadership.

Problem Solving 98

Problem Solving Leadership Finance CFO 98

CFO Simplified

SEPTEMBER 11, 2023

Here are some areas you should consider in your planning: Customer Concentration Leadership Staffing Products Financial Resources Technology Customer Concentration is an easy one to understand. Leadership drives any business. Is your leadership concentrated in one office? appeared first on CFO Simplified.

Concentration 52

Concentration Leadership CFO Manufacturing 52

CFO Talks

JULY 7, 2022

Join the SAIBA and the CFO Club Africa tour to Capri, Italy as we attend the CFO Alliance Summit 2022. Every year SAIBA hosts an international CFO tour for CFOs in Africa. From 5 October 2022 – 12 October 2022, SAIBA and CFO Club Africa will embark on a visit to the breathtaking Capri, Italy. Tour Program.

CFO 52

CFO Strategic Planning Leadership Invoicing 52

CFO Leadership

JUNE 14, 2021

Sage Intacct was a platinum partner of the CFO Leadership Council’s recent 11th annual conference, A New Hope. . Billing customers late, when manual work piles up, can create frustration for those receiving the invoices – especially if it’s after the close of a financial period. About The CFO Leadership Council.

Leadership 52

Leadership CFO Nonprofit Budgeting 52

CFO Talks

MARCH 19, 2024

Change Management: The Modern CFO’s Blueprint The role of a Chief Financial Officer (CFO) goes way beyond just looking after the company’s money. Developing the Finance Agenda Once strategic priorities are identified, the CFO distills these insights into a clear, concise list of goals.

CFO 52

CFO Communication Finance Budgeting 52

The Charity CFO

MARCH 24, 2022

In this case, nonprofit corruption generally involves the senior leadership of a nonprofit organization. This often takes the form of invoice fraud and vendor kickbacks or bid-rigging schemes. Segregation of duties – Ensure that no senior leadership member is driving critical processes in the organization. Check Tampering.

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

Future CFO

JANUARY 2, 2024

This is the findings of Deloitte 's Asia-Pacific CFO Survey which asked 276 CFOs in the region in a bid to understand the challenges, priorities and ways they seek to navigate the years ahead.

Economics 52

Economics Concentration CFO Invoicing 52

CFO Leadership

MARCH 31, 2022

Virtual cards are completely digital and are best for paying invoices. Extended terms are less common, but since these are used to pay invoices, you probably have a PO, negotiated payment terms and cash set aside. The post Credit cards: The working capital tool for the digital era appeared first on CFO Leadership.

B2B 93

B2B Invoicing Benchmarking Leadership 93

Future CFO

APRIL 6, 2022

Sidetrade CFO, Philippe Gangneux , opines that spreadsheets have an increasing number of limits and complexities. In particular, it is through use of spreadsheets is suggested to lead to a higher number of unpaid invoices: 42% of finance teams still heavily reliant on spreadsheets reported a high ratio of late payments overall (15%).

Invoicing 98

Invoicing Finance CFO Accounting 98

Future CFO

MARCH 7, 2024

The SEA CFO Agenda 2023: Decoding the CFO’s trilemma report found that financial chiefs in the region are looking into the global economic slowdown as a major concern, with 80% of respondents marking it as their top external risk for the next 12 months.

Economics 52

Economics Financial Planning and Analysis (FP&A) CFO Finance 52

Future CFO

JANUARY 30, 2023

CFOs in China need to take up a bigger role when it comes to digital transformation, said Deloitte recently when releasing results of a survey. Major external and internal concerns of CFOs in China According to survey results, below are the major external and internal concerns of CFOs in China.

Healthcare 52

Healthcare CFO Finance Leadership 52

CFO Leadership

MARCH 31, 2022

All balances across different banks and held overseas, pending transactions and invoices must be aggregated and viewed holistically. The post A New Era in Cash Forecasting appeared first on CFO Leadership. What are the current challenges in cash forecasting? Limited availability hampers accurate forecasts. Copy goes here.

Forecasting 52

Forecasting Treasury Leadership Economics 52

CFO Leadership

MARCH 31, 2022

We saw AP professionals shuttling back and forth from the office to pick up paper invoices and check stock. Invoices and checks could be sitting for many days before they could be processed. The post 8 ways payment automation makes cash management better appeared first on CFO Leadership.

Cash Management 52

Cash Management Benchmarking Invoicing Leadership 52

Generation CFO

JANUARY 5, 2022

It was literally me and one other person processing invoices and making bank pay-outs manually, so it was a bit of a mess.”. The post Aidana Zhakupbekova, VP Finance, HousingAnywhere appeared first on Generation CFO. When I joined, we had an external accountant and several admin staff, but there was no decent reporting. Contact Us.

Finance 197

Finance Budgeting Corporate Finance Accounting 197

Future CFO

AUGUST 18, 2023

An example of this will be the issuance of invoices based on billing requests. All it takes is for the requestor to raise a billing request in the self-help portal, and the invoice will be generated by the robot at the backend. But building a shared services function requires careful consideration from the CFO and finance team leaders.

Finance 52

Finance Communication Accounts Payable Invoicing 52

Future CFO

FEBRUARY 10, 2021

The lively discussion highlighted the rising value of data in the CFO organization, the humanization of the role, and how CFO teams are becoming business partners. Technology also helped International SOS implement an AI-enabled OCR solution during the pandemic and enabled digital invoicing from hospitals and clinics.

CFO 52

CFO Finance Auditing Treasury 52

https://trustedcfosolutions.com/feed/

DECEMBER 21, 2020

Trusted CFO Solutions specializes in working with restaurant groups. From their own words below, you’ll discover how we’ve helped the owners save time through real-time visibility reporting that shifts the burden from top-down leadership to a state where all leaders and managers know the same numbers and can act accordingly.

CFO 62

CFO Communication Numbers Problem Solving 62

Future CFO

APRIL 7, 2022

As a SaaS-based platform, SAP Concur connects expense, travel and vendor invoice spending in one system providing a single way to manage spending from end to end for greater visibility into transactions, improve compliance, and simplify the process for everyone – finance and employees.

Finance 98

Finance SAP Leadership Cash Management 98

The CFO College

AUGUST 31, 2021

If the startup is already operating, have your clients invoice customers as soon as possible. The rolling cash forecast is one of many CFO-level skills we teach in our program. For more information on skills and tools you need to organize financial data, check out our CFO Bookkeeper program. Tax law is highly complicated.

Startups 81

Startups Accounting General Ledger Forecasting 81

ProCFO Partners

OCTOBER 22, 2021

When a framework for these processes is utilized by an expert CFO, problems can be solved quickly or avoided altogether. A legacy CFO or legacy employees have maybe been with the company for a long time – maybe since the start. A part-time CFO can help support your financial functions in powerful ways.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Marketing CFO Budgeting 52

Future CFO

MARCH 29, 2021

Automation will give finance leaders deep insight into all their financial transactions which they currently cannot achieve especially where paper-based or email-based invoices as those invoices usually sit in email inboxes or on someone's desks. Recurring pain points in accounts payables. Benefits of automating accounts payables.

Accounts Payable 52

Accounts Payable Accounting SAP Invoicing 52

Future CFO

APRIL 28, 2024

AI tools at present are already being used to automate a range of standard finance processes, such as data entry and invoice processing. Accountants can also deploy AI tools that specifically boost their own productivity as a finance professional.

Accounting 52

Accounting Auditing Invoicing Finance 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

CFO Talks

DECEMBER 26, 2021

South African-born Daniel Raubenheimer is a passionate MBA graduate with cross-functional experience in tech, FMCG and manufacturing, he’s now CFO at Silon in Atlanta, USA, a leading producer of technical compounds and polyester staple fibres. CFO Talks is a brand of the South African Institute of Business Accountants.

Manufacturing 75

Manufacturing CFO Budgeting IFRS 75

Future CFO

JUNE 11, 2023

Mark McDonald Echoing Cheah's earlier suggestion that finance professionals see AI not as a threat but as a supporting technology, McDonald says the use of AI as a co-worker instead of a replacement also ensures that finance leaders avoid delegating responsibility to machines that should be owned by a person.

Finance 52

Finance Leverage Economics Invoicing 52

Future CFO

MAY 19, 2020

For instance, invoice processing can be a very labour-intensive workflow. You need to prepare an invoice and send it to a customer. With the use of automation capabilities in handling invoices, administrative processes become seamless and smoother, especially for closing and servicing processes.

Finance 52

Finance Invoicing Auditing Technology 52

Bramasol

DECEMBER 14, 2023

With our core focus on financial applications such as order-to-cash, revenue recognition, subscription-billing, leasing, treasury and other solutions, Bramasol has significant experience in virtually all aspects of S/4HANA migration that involve the Office of the CFO.

Technology 88

Technology SAP IFRS Compliance 88

Future CFO

APRIL 22, 2024

Cheah also takes note of the impact of e-invoicing and fintechs, which push digital transformation to the forefront. “It He gives cybercrime as an example, pointing out that it also increased, which forces the Finance team to be more diligent to avoid huge financial losses. It is no longer in the background,” Cheah adds.

Finance 98

Finance Budgeting Accounts Payable Concentration 98

Future CFO

DECEMBER 6, 2021

Working closely with technology partner Esker International, the company moved from 85% paper-based invoices to handling 95% electronic invoices today. If there's a dispute on certain invoices, clearly, they are not collectable. So, that could be sending an automated email a few days after you've issued the invoice.

Invoicing 52

Invoicing Cash Management Treasury Finance 52

The Finance Weekly

JULY 31, 2023

As a seasoned finance leader in telecommunications, retail, technology, and legal sectors, Glenn envisions transforming the role of Chief Financial Officer (CFO) from being a historical reporter to a strategic forward-thinker. Additionally, there may be pushback from leadership, which is understandable given the current uncertainties.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52

CFO Leadership

APRIL 2, 2024

Key areas to consider implementing software to automate processes include billing and invoicing, budgeting and forecasting, accounts payable, accounts receivable, and close management. With the right technology in place, companies can lessen the accounting staffing needed, without sacrificing accuracy or compliance.

Accounting 52

Accounting Compliance Accounts Payable Budgeting 52