The Charity CFO

JULY 1, 2024

There’s a wide range of accounting services your organization might need, including: Bookkeeping Financial reporting Tax preparation Audit support These key services are vital to maintaining the financial health of your organization. Transparency and Communication Accountants often work with sensitive financial data.

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Nonprofit Accounting Budgeting Communication 52

The Charity CFO

JULY 2, 2024

They are quickly learning that outdated processes hinder an organization’s ability to reach its goals, connect with the community, and engage with donors. If this feels relatable, this article will walk you through the steps you need to modernize your nonprofit operations–from adopting technology solutions to improving data security.

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Nonprofit Auditing Prioritization CFO 52

CFO Plans

AUGUST 9, 2024

Tip: Regularly review financial reports with your outsourced CFO to identify areas for cost savings and revenue growth. Cloud accounting services provide businesses with real-time access to their financial data, enabling more agile decision-making. Transform your financial practices with cloud accounting services.

Accounting 52

Accounting Tax Planning CFO Startups 52

CFO Plans

SEPTEMBER 6, 2024

They help present your financials effectively to attract investors and secure funding. Modern businesses benefit from tech-enabled accounting solutions that offer real-time financial data and insights. Customized financial reports provide valuable insights into your business’s performance.

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CFO Startups Tax Planning Planning 52

CFO Talks

MARCH 13, 2024

The role has evolved significantly over the years , transitioning from a focus on financial controls and Wall Street management to a more dynamic and multifaceted position. Today’s CEOs expect their CFOs to be strategic visionaries, business partners, effective communicators, and creators of value.

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Prioritization CFO Communication Restructuring 40

Boston Startup CFO

APRIL 12, 2024

We will assist you in navigating the complexities of grant funding, ensuring proper financial management and compliance with funding requirements, providing accurate financial reporting, and maximizing the impact of your research and development projects, helping you secure continued funding and successfully advance your innovative initiatives.

Investments 40

Investments Finance Leverage Securities 40

CFO Talks

MARCH 19, 2024

By distilling these goals into a concise list and communicating them consistently—whether in formal presentations or casual discussions—the CFO ensures everyone understands and aligns with the finance department’s direction. This might involve enhancing digital finance capabilities or adopting sustainable business practices.

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CFO Communication Finance Budgeting 52

Global Finance

JULY 29, 2024

Taylor: As a public company CFO, I focus on reporting earnings and engaging with investors. It involves communicating our story, delivering results and maintaining credibility with investors and analysts, which helps establish us as a trusted investment. Taylor: Security and phishing. GF: What keeps you up at night?

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CFO Strategic Planning Finance Healthcare 52

CFO Talks

MARCH 20, 2024

Key Differences in Everyday Tasks: Reporting: The Controller prepares financial reports; the CFO reviews these reports and uses them to make decisions or plan strategies. Communicate: Keep talking to your team, especially the Controller, to ensure you’re all aiming for the same goals.

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CFO Accounts Payable Financial Analysis Auditing 52

Bramasol

SEPTEMBER 29, 2023

The first is the Financial Accounting Standards Board (FASB) in the United States. The other is the International Accounting Standards Board (IASB), whose rules for financial reporting are known as International Financial Reporting Standards (IFRS). More details on climate issues below.)

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IFRS Technology SAP Compliance 93

The Charity CFO

MAY 11, 2023

Make sure that you find a partner in your service provider and ensure that your access and communication channels are clearly defined. Security Concerns The financial data of an organization is incredibly sensitive. Ensure that your provider has proper security measures in place and ask to see these in action before proceeding.

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Nonprofit Communication Auditing GAAP 52

Future CFO

AUGUST 7, 2024

This, according to Ho, can be any combination of investor relations, corporate communications, technology, procurement, legal and corporate service and, strategy and development. Often with responsibility for investor relations, Ho says CFOs can help communicate their business to outside stakeholders and build the company brand.

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CFO Data Analysis Budgeting Performance Measuring 86

The Charity CFO

APRIL 20, 2023

Donor Tracking: Allows organizations to track contact information, giving history, and communication preferences. Some tools may also allow you to segment donors into different groups based on criteria such as giving level or engagement level and ability to generate trend reports over time. How secure is the system?

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Nonprofit Accounting Accounting Standards Budgeting 98

The Charity CFO

MAY 8, 2023

This means being open and honest about your organization’s financial situation and how donations will be used and getting in the habit of regularly communicating with donors to keep them informed about your work and the impact of their support. Remember, donors are individuals, with their own motivations, interests, and priorities.

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Nonprofit Prioritization Communication Planning 52

VCFO

JUNE 29, 2023

A CFO will evaluate financial performance, and bring attention to potential issues. They also rely on the CFO’s leadership, providing up to date communication, and accurate financial reporting. Nonprofit CEOs and the boards they report to must be fully aligned and clear as to what type of CFO the organization needs (e.g.,

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Nonprofit Finance CFO Compliance 67

The Finance Weekly

JANUARY 1, 2023

2) The Importance of Trustworthy, Independent SOC Reports in FP&A. In addition to being a year of instability and economic challenges, 2022 was also a year of increased focus on compliance and data security. Read the FP&A Software Solution Comparison here. But organizations are still looking for ways to improve.

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Finance Compliance Economics Forecasting 98

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Financial Sustainability For nonprofits, financial sustainability means the financial security to cover expenses and advance your mission. Implement staff and volunteer training on security best practices.

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Nonprofit Compliance CFO Leverage 52

The Finance Weekly

FEBRUARY 8, 2023

He has also held financial leadership roles at Nuance Communications, Wyless, and Mimecast. Hakim previously served as CFO at Sequoia Vaccines and held positions of increasing responsibility at Lundbeck, a Copenhagen, Denmark-based company, ending as the Senior Vice President and Head of Human and Financial Resources for North America.

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CFO Prioritization Finance Communication 52

The Charity CFO

MARCH 31, 2023

Bylaws: The bylaws of your organization may have been outlined to require regular audits to ensure transparency, security and confidence in the financial standing of the organization. Transparency : Communications regarding your audit and the changes that are being made can boost confidence and assurances in your donors and supporters.

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Nonprofit Auditing Compliance CFO 98

The Charity CFO

JANUARY 12, 2024

While it isn’t impossible to secure funding through one or more of these routes, it’s certainly difficult. Nonprofits Require Extensive Legal and Accounting Compliance Nonprofits are subject to several layers of federal and state laws and financial reporting standards. Get the free guide!

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Nonprofit CFO Healthcare Education 52

PYMNTS

OCTOBER 23, 2019

Snap, the parent company of Snapchat, said the Department of Justice and the Securities and Exchange Commission are no longer investigating it. . Reuters is reporting that the probe involved an allegation that Snap lied to investors when it went public in March of 2017.

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Communication Securities Financial Reporting Marketing 40

PYMNTS

OCTOBER 23, 2019

Snap, the parent company of Snapchat, said the Department of Justice and the Securities and Exchange Commission are no longer investigating it. . Reuters is reporting that the probe involved an allegation that Snap lied to investors when it went public in March of 2017.

Communication 40

Communication Securities Financial Reporting Marketing 40

The Finance Weekly

APRIL 1, 2023

Richard Kraska | Infobip , Richard Kraska was appointed CFO of cloud communications company Infobip. It's worth noting that the misconduct was unrelated to Root's financials or financial reporting. Terry Murphy | LastPass LastPass hired , Terry Murphy as its new Chief Financial Officer.

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CFO Corporate Finance Finance Pharmaceutical 52

The Finance Weekly

MAY 29, 2024

This lack of automatic communication between features can be frustrating. These features enable companies to align their financial goals with their broader business strategies more effectively. Vena Foundation for FP&A offers tools for financial planning and analysis, including data integration and analysis.

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Financial Planning and Analysis (FP&A) Planning Budgeting Forecasting 52

The Charity CFO

SEPTEMBER 28, 2022

But you need accurate and timely bookkeeping to get the financial reports you need to run your programs, report to your grantmakers, and keep your operation on track. Plus, they’ll help you organize and store your documents securely, so you never have to worry about a lost receipt.

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Nonprofit Invoicing Accounting CFO 105

Bramasol

JULY 22, 2023

This new update focuses on the progress of regulatory requirements and software solutions for tangible accounting and reporting of ESG, along with a look at how ESG management can help drive corporate value. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

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IFRS Accounting SAP Compliance 85

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. They can generate, drafts for presentations, emails, and reports, saving employees time and effort on routine tasks.

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Accounting Finance Auditing IFRS 95

PYMNTS

JULY 5, 2017

“Although security is one of the biggest concerns for organizations that consider the move to the cloud, I believe that the cloud can be secured better than on-premise solutions.” ” The mobility of cloud-based reporting tools, too, can bring a new level of ease for the C-Suite, he added.

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Financial Data Auditing Financial Reporting CFO 52

Future CFO

AUGUST 30, 2021

According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. What makes for a sought-after chief finance professional (CFO)? These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. What stands out?

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

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. What data governance, privacy and security procedures do we have in place or need? Where is that data located?

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

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. Get the free guide!

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Nonprofit Accounts Payable Compliance Invoicing 40

CFO Talks

MARCH 14, 2024

We emphasized the importance of communication, setting priorities, and the initial avoidance of hasty decisions. The position of Chief Financial Officer has evolved significantly over the past few decades. Improving Financial Reporting Accuracy: Accurate financial reporting is the backbone of trust and transparency in any organization.

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Prioritization CFO Leverage Risk Management 52

CFO Leadership

OCTOBER 18, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. They can generate, drafts for presentations, emails, and reports, saving employees time and effort on routine tasks.

Accounting 52

Accounting Finance Auditing IFRS 52

The Charity CFO

DECEMBER 8, 2022

Establishing clear roles and communication protocols can help ensure that all team members are in alignment when it comes to grant accounting. Establishing sound internal controls is essential for ensuring the financial security, accuracy, and completeness of your records related to grants. Put the necessary controls in place.

Accounting 52

Accounting Nonprofit Auditing Compliance 52

Cube Software

MAY 11, 2023

Pro forma financial statements and GAAP It's important to note that, since pro forma statements are based on hypothetical or projected data, they are not compliant with generally accepted accounting principles—GAAP statements must be based on actual financial results. Pro forma statements are also used to secure financing.

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GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40

The Finance Weekly

OCTOBER 27, 2022

The horrors are real when it comes to financial reporting. Your ability to effectively operate your organization can be severely hampered by nightmare realities such as disparate data systems and a lack of security (and let's not even get started on manual data entry and re-entry). You should be!

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Financial Reporting Finance Cash Flow Forecasting Forecasting 52

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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CFO Startups Cash Flow Forecasting Budgeting 40