CFO News Room

DECEMBER 16, 2022

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Senior accountants are responsible for managing the financial records of their organization.

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Finance Budgeting Compliance Financial Analyst 130

Future CFO

NOVEMBER 15, 2023

Ervina Waty : Here are some key changes that CFOs might need to put in place: Enhanced Data Governance and Quality Control CFOs should implement stronger data governance practices to ensure the accuracy, consistency, and integrity of financial data.

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Future CFO

AUGUST 21, 2023

Robert E Parker "As we look forward to the developments in AI, finance leaders will be in a better position to uncover hidden opportunities and risks and step beyond using structured financial data by utilising data from across organisational silos enhanced with data from outside the organisation."

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Finance Compliance Data Analysis Leverage 98

The Finance Weekly

FEBRUARY 8, 2023

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.

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Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. This allows for a personalized view of the financial data. Organize the dashboard into sections or tabs for different financial areas (e.g.,

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Financial Reporting CFO Cash Flow Forecasting Budgeting 52

PYMNTS

DECEMBER 20, 2019

The information exposed did not include any financial information, Social Security numbers or password data. Data about rates and features are considered customer proprietary network information (CPNI). The cyber thief got users’ names, billing addresses, phone numbers, account numbers and plan information.

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Spreadym

JULY 21, 2023

Key components of digital transformation in finance include: Automation and Artificial Intelligence (AI) : Implementing AI algorithms and robotic process automation (RPA) to streamline repetitive tasks, such as data entry, customer support, and fraud detection, leading to reduced costs and increased accuracy.

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Finance Prioritization Compliance Leverage 52

CFO Leadership

OCTOBER 10, 2023

Additionally, they can sometimes produce incorrect or misleading information, particularly on topics updated beyond their last training data or when asked to predict or speculate about future events. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns.

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Bramasol

SEPTEMBER 29, 2023

They are expected to provide financial leadership and insight into the organization's strategic direction. This involves not just managing financial data but also interpreting it to guide decision-making. The Big Picture View CFOs are increasingly seen as strategic partners to the CEO and the board of directors.

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IFRS Technology SAP Compliance 97

The Charity CFO

MARCH 27, 2024

Luckily, QuickBooks Online lets your team connect and work with financial data from anywhere with secure internet access. Likewise, if you partner with another organization or business, you may have to work with their accounting team to settle accounts or share financial data.

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CFO Leadership

OCTOBER 18, 2023

Additionally, they can sometimes produce incorrect or misleading information, particularly on topics updated beyond their last training data or when asked to predict or speculate about future events. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns.

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Finance Accounting Auditing IFRS 52

PYMNTS

JUNE 8, 2020

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. Open banking connections enable third-party apps to provide more convenient, insightful and tailored services thanks to banking customer data. Fighting Phishing.

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Banking Accounts Payable Securities Accounting 60

Planful

OCTOBER 19, 2021

A cloud-based system for financial planning and analysis (FP&A) can have governance built in its deployment model by IT teams. Equifax quickly applied security and governance policies because they were built in and custom coded to suit the organization’s needs. What value are we getting from our investment in a secure technology?

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Financial Planning and Analysis (FP&A) CFO Auditing Communication 40

PYMNTS

JULY 26, 2018

Paytm, a digital payment company out of India, said Thursday (July 26) that it didn’t share user data with investors or any foreign entities just one day after a member of Parliament, Narendra Jadhav, argued Alibaba’s stake in the company was a “very serious threat to [India’s] national security.”.

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PYMNTS

OCTOBER 17, 2019

We can assure you all account information remains secure, and no personal or financial data is at risk.”. In the interim, we’ve been proactively communicating real-time updates with our members.”. The startup generates income by receiving a portion of interchange fees from debit cards. “We

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PYMNTS

NOVEMBER 24, 2020

For instance, credit unions must alert users of what’s available and how it can streamline their financial lives. One of the things we have seen recently — again, driven by the pandemic — is a reinvigoration of communication and education by financial institutions (FIs),” he noted.

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Banking Education Accounting Communication 107

PYMNTS

FEBRUARY 5, 2018

The discussion around sharing financial data today is most often in reference to major industry happenings, like PSD2, Open Banking and the sudden influx of APIs in the financial services space. They’re entrusting that MSP to make sure their systems are up and running, and that the data is secure. ”

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Finance Financial Data Invoicing Communication 43

Boston Startup CFO

FEBRUARY 1, 2023

Creating a pitch deck : A CFO can help you create a compelling pitch deck that highlights the financial aspects of your business, and let you know what gaps needs to be filled before getting in front of investors. They can also bring to your attention many key details that must be communicated to investors to secure their interest.

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PYMNTS

JULY 27, 2018

solidified their reputations as having progressive views on data security and ownership with the PSD2 and GDPR regulations that came into effect earlier this year. That doesn’t mean enhanced data privacy, security and sharing aren’t in the cards for the nation’s financial services space, though.

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Financial Data Banking Securities Communication 41

PYMNTS

JANUARY 4, 2017

And that data was always stale, it was real-only and it potentially introduced some new security concerns.”. Especially in the smaller sector, where they’re hoping for more of what we like to call ‘security through obscurity,’” he said, “they feel like, if they’re small enough, they’re not going to get targeted.”.

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B2B Manufacturing Securities Communication 47

The Finance Weekly

AUGUST 27, 2023

These tools are reshaping the financial landscape by simplifying operations and eradicating manual tasks. Protected Data Integrity: Unlike ChatGPT and alternative AI applications, the data furnished by the Datarails' chatbot originates from trustworthy and fortified sources, guaranteeing its security.

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PYMNTS

DECEMBER 20, 2019

We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks. FinTech firms have reportedly been accusing banks of preventing access to the financial data of end-users. PNC Blocks Venmo, Tells Users To Switch To Zelle.

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B2B Data Analysis Retail Banking 40

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems.

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Securities Banking Leverage Communication 96

Navigator SAP

MARCH 11, 2022

Bookkeeping and financial tracking tend to get more complicated over time. The platform allows you to consolidate all of your financial data automatically and review it all on one dashboard. Does the lack of communication between your different applications make things harder? This is where an ERP solution truly shines.

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PYMNTS

MAY 18, 2018

As the winner of a $10,000 grand prize and the support of a major payments technology company, Hermyz joins a growing community of disruptors and innovators addressing a multitude of problems in corporate payments and financial management today. What is the point of friction you wanted to address? What’s next for Hermyz?

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PYMNTS

MARCH 19, 2019

Even if cash has its place, Ferrabee said that digital payments can still gain traction with the addition of information — data, in other words — that can literally travel, and that can be used to ensure (and reassure) both sides of a transaction of speed and security. That’s especially true for corporate and B2C transactions, he said.

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B2C Budgeting Compliance B2B 86

Spreadym

NOVEMBER 16, 2023

Data Integration: The software should be capable of integrating data from various sources, such as ERP systems, spreadsheets, and other databases. This ensures that financial data is accurate, up-to-date, and consolidated. This can improve communication and coordination during the financial planning process.

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PYMNTS

MAY 27, 2016

So this is taking sets of existing technologies and demonstrating the use of the Internet of Things to make them communicate with each other in a controlled way.”. Webber explained that security was at the forefront of the platform’s development. The buzz about the future of interconnectivity. The PYMNTS.com®

Banking 40

Banking Technology Securities Financial Data 40

Future CFO

SEPTEMBER 14, 2020

Paper-based processes became obsolete and secure access to standalone applications posed technical challenges. Process delays and slow communications, coupled with restrictive lockdowns, led to slower payments, increased financial risks and stretched service centers. Taufan Gunarso. “It

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Forecasting Planning Foreign Exchange 52

PYMNTS

NOVEMBER 7, 2016

Most people are just looking at one aspect, [but] we’re looking at five key different pieces: the identity, email and social intelligence, mobile, financial data, and additional checks on AML,” Bise stated.

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Communication Leverage Financial Data Technology 73

Spreadym

JUNE 19, 2023

If shortfalls are projected, proactively develop strategies to address them, such as securing additional financing or adjusting expenses. These features provide comprehensive visibility into your cash flow and help you make informed financial decisions. Optimize Cash Flow: Identify opportunities to enhance your cash flow.

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Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

CFO News Room

DECEMBER 26, 2022

Creating Visual Deliverables That Clearly Communicate Financial Planning Concepts – While technical expertise is necessary to formulate a financial plan, being able to clearly communicate the findings to a client can make all the difference between whether or not the client will understand and agree to implement the advisor’s recommendations.

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Planning Benchmarking Profit and Loss Communication 130

Future CFO

JULY 14, 2022

Beyond reporting, however, CFOs are needed to be involved in ESG decision-making – particularly in the company’s funding strategy and investor communication. Today, we have tools enabling firms to monetise non-financial data and integrate them with financial data directly into their back-office enterprise resource planning (ERP) structures.

Risk Management 98

Risk Management Compliance Strategic Planning Finance 98

Spreadym

AUGUST 8, 2023

Operating budgets are essential for guiding financial decisions and ensuring that an organization operates within its means. They are typically created by considering historical financial data, market trends, input from various departments, and managerial judgment.

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PYMNTS

AUGUST 29, 2019

Data from PYMNTS’ Credit Union Innovation Index found that 60.8 percent of members would not leave their credit unions (CUs) for different financial institutions that offered the same services. percent wanting their CUs to invest more in security and 19.5 Security practices could also be greatly improved in open banking systems.

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Banking Securities Forecasting Communication 63

Bramasol

DECEMBER 13, 2021

Addressing these endemic supply chain issues will require a combination of improving visibility across end-to-end processes, deepening the integration of information and communications between multiple players throughout the chain and enabling real-time embedded analytics. For example, the Ariba Network brings together over 6.7

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SAP Compliance Profit and Loss IFRS 52