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Digital Transformation in Finance: How to Drive the Process

Spreadym

Digital transformation in finance refers to the process of integrating digital technologies and innovations into all aspects of financial services and operations within a financial institution or organization. Data-driven decision-making enables more informed and precise financial strategies.

Finance 52
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Efficiency First: Tech Trends for Finance Teams in 2023

The Finance Weekly

Larger companies that have already invested in digital technology may consider expanding or supplementing their strategic technology solutions, such as enterprise resource planning platforms, while smaller companies may prioritize addressing tactical pain points, according to Sachs.

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Top 8 AI Uses in Finance Embraced by FP&A Leaders

The Finance Weekly

AI integration in their FP&A function brings various positive outcomes: AI algorithms boost efficiency by swiftly handling large amounts of financial data, reducing the , risk of errors , and enhancing data integrity. Advanced AI solutions offer real-time analysis during data entry.

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Leading the Way: 5 Tips for January’s New CFOs

The Finance Weekly

He has also held financial leadership roles at Nuance Communications, Wyless, and Mimecast. To stay ahead of the curve, CFOs must , embrace technology and invest in digital transformation initiatives that drive innovation and efficiency in financial management.

CFO 52
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What is Financial Planning and Analysis (FP&A)?

Spreadym

Budgeting involves allocating resources and setting financial targets for various departments or business units within the organization. Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement.

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The CIO Emerges As A Key Asset For The CFO, Says Workday

PYMNTS

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.

CFO 58
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3 Corporate Governance Issues and How To Overcome Them

Planful

From there, you can decide how to leverage your financial acumen and recommend the best way forward. According to Nabil Hannan , managing director at NetSpi, CFOs can quantify and communicate the ROI of secure systems to the C-suite by collaborating with chief information security officers ( CISO).