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Nonprofit Leadership: Using Data for Better Decision-Making

The Charity CFO

A better way to make decisions is using data. Leveraging data for strategic decision-making has many benefits–from improving your efficiency to increasing the success rate of campaigns or strategies. Types of Data for Nonprofits The types of data a nonprofit might use for decision-making can vary between organizations.

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The best financial planning and analysis software by the end of 2023

Spreadym

The best features of FP&A software often include: Budgeting and Forecasting: These features allow organizations to create detailed budgets, forecasts, and financial plans. Users can input data, make adjustments, and project future financial scenarios. This ensures that everyone is working with the latest information.

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Outsourced Bookkeeping Services

CFO Share

We understand the importance of precise financial data. Opportunities missed from late financial reporting. Stress and uncertainty due to unreliable data. Leverage technology. Communicate effectively. Relying on luck is not an option. Fines and Penalties from incorrect tax and regulatory filings.

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Where Can FP&A Career Path Take You?

Fpanda Club

The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.

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The best software for financial close and overview of the process

Spreadym

Post-Close Activities: After the books are closed, post-close activities may include archiving financial records, preparing management reports and analysis, conducting financial reviews, and initiating the next period's accounting processes.

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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. What Do Virtual CFOs Do?

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3 Ways to Use Power BI To Make the Most Of Nonprofit Data

Collectiv

Solid processes around nonprofit data give you critical information to highlight unique aspects of your organization, boost morale, increase credibility, enhance transparency, and build community awareness to support your mission. Let’s look at three ways to leverage Power BI for nonprofits so you can use your data effectively.