Future CFO

MARCH 1, 2023

It is often in place with primary objectives to improve operational efficiency, optimise financial processes, enhance reporting and analysis, strengthen risk management and compliance, and elevate the employee experience. This means overstated or inaccurate expenses are even harder to detect , putting companies at risk of fraud.

Finance 91

Finance Benchmarking Compliance SAP 91

Collectiv

JUNE 13, 2023

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.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

The Finance Weekly

MARCH 5, 2024

Next, came a new solution, Datarails Connect , which leverages Excel's success to transform it into a kind of self-service BI solution, enabling finance professionals to become truly independent by connecting their entire data stack to Excel in a simple and self-service manner.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Leverage Cash Management 52

The Charity CFO

APRIL 1, 2024

Nonprofits are subject to a lot of legal and financial scrutiny. Your nonprofit accounting setup needs to be able to meet tax and legal regulation and reporting requirements so you stay in compliance and retain the public’s trust. QuickBooks provides an easy-to-use bookkeeping solution that puts all of your financial data in one place.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 52

Centage

NOVEMBER 22, 2023

These may include having multiple business units or entities, operating in different locations or jurisdictions, offering a broad range of products or services, organizing operations into cost centers, or adhering to legal and regulatory compliance. This is a common problem among controllers and CFOs.

Profit and Loss 52

Profit and Loss Budgeting GAAP Financial Reporting 52

PYMNTS

DECEMBER 8, 2020

The top banking and insurance watchdog in China is looking to crack down on the perceived Big Tech monopoly of financial data and further curb abuses of power, and will especially examine the “spillover” cross-sector between financial and technology. Top Chinese Watchdog Warns More Big Tech Rules Looming.

Startups 52

Startups Economics Compliance Forecasting 52

Spreadym

JUNE 27, 2023

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.

Financial Planning and Analysis (FP&A) 52

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

PYMNTS

JANUARY 25, 2018

This enables us to provide corporates of all sizes with all the crucial financial data they need, as well as financial instruments as a service. BELLIN’s partnership with Kantox follows a previous collaboration with Accuity , a compliance solutions provider, to integrate compliance services into treasury management operations.

Treasury 40

Treasury Foreign Exchange Risk Management Compliance 40

Fpanda Club

SEPTEMBER 2, 2021

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.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

Michigan CFO

JUNE 7, 2023

Virtual CFOs leverage cloud-based accounting systems, collaborative tools, and remote communication to provide financial services to businesses on a part-time or “fractional” basis. What Do Virtual CFOs Do? Insights for Growth and Profitability: Virtual CFOs conduct profitability analysis and identify growth opportunities.

CFO 52

CFO Problem Solving Budgeting Communication 52

The Charity CFO

AUGUST 15, 2023

Accountants deserve positions that leverage technology to improve the department and the organization and when they don’t get that, it creates a challenge. Compliance Like traditional accounting positions, nonprofit accountants have to ensure compliance with tax laws and regulations.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Planful

OCTOBER 19, 2021

From there, you can decide how to leverage your financial acumen and recommend the best way forward. How well are we meeting our compliance requirements? Shareholders rely on clear financial data to make informed decisions for the organization and CFOs are in the best position to offer that information.

Financial Planning and Analysis (FP&A) 40

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

PYMNTS

OCTOBER 30, 2020

These kinds of concerns have led to companies being somewhat slower to adopt the RTP network for B2B use cases, he said, instead focusing on using the network for simpler situations like delivering payroll , insurance claim disbursements and other funds to consumers who do not need that same level of financial data. “On

B2B 59

B2B Economics Prioritization Banking 59

PYMNTS

MAY 11, 2018

. “Fortunately for almost all big businesses,” Rinke recently told PYMNTS, “there is a data stream that’s already being created and aggregated within their IT systems, documenting every action that takes place, called event logs.

Accounts Payable 40

Accounts Payable Treasury SAP Forecasting 40

Future CFO

FEBRUARY 22, 2024

The financial landscape is evolving at breakneck speed, driven by big data, globalisation, and digitisation. The pressure on finance leaders to deliver strategic insights and ensure compliance is mounting in this dynamic environment. These challenges, like tangled vines, impede progress.

Financial Planning and Analysis (FP&A) 97

Financial Planning and Analysis (FP&A) Finance Compliance SAP 97

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. Compliance features help organizations adhere to regulatory requirements.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Planning Budgeting Financial Modeling 59

Future CFO

MARCH 7, 2021

It’s important to learn from different industries and leverage each other’s best practices to create a more diverse and inclusive business environment. Innovative technologies such as AI, big data and cloud computing, empower finance departments to effectively make the next best decision for their companies, teams, or customers.

Finance 52

Finance SAP Leadership CFO 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

Spreadym

SEPTEMBER 27, 2023

These KPIs could relate to financial performance, customer satisfaction, operational efficiency, and more. Data Integration: Gathering and integrating data from various sources within an organization is crucial for CPM. This data may include financial data, operational data, customer data, and more.

SAP 59

SAP Budgeting Forecasting Auditing 59

Centage

SEPTEMBER 13, 2022

Elements of Financial Forecasts A forecast includes both budgeted items and actual results to show where your business is headed. When leveraged correctly, a forecast is useful for implementing innovative decisions and changing strategies. If you want to apply for capital like a bank loan, you will need forecasts.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Planning Forecasting Profit and Loss 98

Jedox Finance

JULY 11, 2023

Jochen Heßler, Senior Director, Product Management, Jedox Environmental, social, and governance (ESG) has emerged as an important initiative for organizations worldwide as they strive to implement sustainable practices, achieve compliance, and demonstrate substantive value to customers, employees, and investors.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Compliance Profit and Loss 52

Spreadym

JULY 10, 2023

The financial close process, also known as the accounting close process or month-end close, is a series of steps undertaken by an organization to finalize its financial records for a specific accounting period. This flexibility enables businesses to configure the financial close reporting process to suit their specific needs.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

Bramasol

MAY 6, 2022

Adopting standalone solutions to meet compliance requirements deadlines. Bramasol's core practices are aligned with SAP's recommendations for leveraging a Fit-to-Standard approach to configure solutions that are as close as possible to standard processes. Leveraging RISE with SAP.

SAP 71

SAP Finance Reconciliations Leverage 71

Bramasol

DECEMBER 13, 2021

From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.

SAP 52

SAP Compliance Profit and Loss IFRS 52

Future CFO

JUNE 1, 2022

It is not about becoming tech-dependent, but about leveraging its ability to accelerate processes with precision. To leverage the power of automation, it is worth considering a few key initiatives. Implementing automation aims to increase the accuracy and speed of routine work by leveraging rule-based automation.

Technology 52

Technology Financial Planning and Analysis (FP&A) Budgeting Leverage 52

Centage

SEPTEMBER 13, 2022

Elements of Financial Forecasts. When leveraged correctly, a forecast is useful for implementing innovative decisions and changing strategies. Elements of a financial forecast include: Historical data: You can use your business’s historical data to forecast your company’s future performance and growth.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Forecasting Profit and Loss 52

Jedox Finance

MAY 31, 2023

1 In terms of execution, finance teams often struggle with limited visibility into cross-organizational data, making it difficult to accurately assess staffing needs and make informed decisions. Additionally, reconciling financial data with HR data can be a time-consuming and error-prone process, leading to delays and inaccuracies.

Planning 52

Planning Forecasting Finance Budgeting 52

Future CFO

JANUARY 12, 2021

Working capital and cash flow optimisation With uncertain times ahead, CFOs today must monitor the impact of price volatility, foreign exchange fluctuations, and interest rate changes, and be able to rapidly revise financial asset positions and protect against increased credit risks.

Foreign Exchange 40

Foreign Exchange CFO Compliance Reconciliations 40

CFO News Room

DECEMBER 26, 2022

In addition, taking a systematic approach towards participating in and using industry benchmarking studies also indirectly helps advisory firm owners overcome the challenges of collecting, organizing, and comparing their firm’s data. Traditional options to do so include tapping the advisor’s network (e.g., lawyers and accountants).

Planning 130

Planning Benchmarking Profit and Loss Communication 130

PYMNTS

NOVEMBER 12, 2018

Overall, nearly all the benefits associated with ERP solutions, from better controls and compliance to lower IT maintenance costs, were experienced by less than half of survey respondents. “The challenge sometimes becomes: ‘Your greatest strength is your greatest weakness,'” said Lipps.

Corporate Finance 54

Corporate Finance CFO Finance Forecasting 54