Future CFO

MAY 5, 2024

The global professional accounting body is urging businesses urged to take steps to maximise the opportunities of AI and lay foundations for responsible use of new technologies. Financial leaders and controllers will have to be confident about the adequacy of oversight and controls of AI systems.

Risk Management 52

Risk Management Leadership Auditing Finance 52

Future CFO

MAY 2, 2024

Embracing change Across disciplines, respondents of the Workiva survey nearly unanimously cite complying with new mandates as the most pressing challenge facing reporting teams and the volume of requirements they must contend with as their top compliance concern.

Compliance 52

Compliance Auditing Budgeting Leverage 52

Future CFO

JANUARY 2, 2024

By outsourcing, businesses can reduce expenses related to salaries, benefits, training, office space, and technology infrastructure. Access to Advanced Technology and Tools: Outsourcing firms often invest in state-of-the-art accounting software and technologies to improve efficiency and accuracy.

Accounting 52

Accounting Finance Data Analysis Compliance 52

Future CFO

JANUARY 22, 2024

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Enhanced Financial Security The rapid integration of technology has underscored the paramount importance of data security and privacy within the accounting industry.

Accounting 52

Accounting Reconciliations Financial Analysis Financial Data 52

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. 2024 will be no different.

Nonprofit 52

Nonprofit Compliance CFO Leverage 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. But it’s a heavy lift and it requires skill sets you may not have in-house.

Financial Planning and Analysis (FP&A) 115

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

Future CFO

MAY 1, 2024

As the person responsible for preparing an organisation’s financial reports, which include balance sheets and income statements, the role of a finance controller is anything but ordinary. It’s always a challenge when you start to implement a new technology,” Ramon concedes.

Leadership 98

Leadership IFRS Finance Communication 98

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. The CSRD is part of the EU’s European Green Deal and the Sustainable Finance Agenda.

IFRS 87

IFRS Accounting SAP Compliance 87

Future CFO

AUGUST 1, 2023

The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. This trend is driven by the need for real-time data analysis and insights to make informed business decisions.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

The Charity CFO

MARCH 22, 2024

Compliance and privacy concerns: As more states introduce legislation regarding digital privacy , nonprofits must be able to keep up with regulatory compliance and keep data safe. Investing in Data Technology Data technology, such as data management software, makes implementing and benefiting from a data strategy easier than ever.

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

CFO Talks

MARCH 14, 2024

The position of Chief Financial Officer has evolved significantly over the past few decades. No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

Future CFO

SEPTEMBER 24, 2023

While traditional financial tasks like managing books and records, financial reporting, and ensuring compliance are still important, they have become second nature to CEOs,” Modani said. However, their responsibilities extend beyond financial management.

CFO 52

CFO Manufacturing Accounting Standards Compliance 52

The Finance Weekly

OCTOBER 9, 2022

As organizations implement new technologies and launch digital initiatives meant to modernize or wholly transform their operations, effective finance and IT collaboration can help to assure that the organization realizes positive outcomes from those investments. Invest in team-building efforts.

Finance 98

Finance Budgeting CFO Forecasting 98

Future CFO

SEPTEMBER 8, 2022

The CFO needs to make sure the company is financially sound and attractive to investors. Investors, customers and companies themselves look at ESG data to assess the performance of the company, and whether it is a good investment,” he opined. Should companies integrate their ESG reporting with their financial reporting?

CFO 98

CFO Finance Compliance Financial Data 98

PYMNTS

FEBRUARY 11, 2020

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported. Zomato was valued at $3.55 billion earlier in January and started in 2008.

Compliance 74

Compliance Investments Technology Financial Reporting 74

Future CFO

MAY 2, 2023

Deloitte FutureCFO spoke to Mike Polaha , senior vice president for finance solutions and technology at BlackLine , for his take on how CFOs and other finance leaders can improve the odds of successful transformation. Digital technologies aid in managing the workload of existing employees by relieving the burden of repetitive backend work.

Finance 52

Finance Benchmarking Leadership Communication 52

Future CFO

AUGUST 23, 2022

These days, at least in Asia, sustainability responsibilities appear to be more closely associated with a Chief Financial Officer (CFO). Lim opined that with the level of scrutiny over ‘non-financial’ and ‘financial’ reporting on the rise, corporates need buy-in and support from the Board to push the sustainability agenda.

CFO 98

CFO Auditing Finance Treasury 98

The Finance Weekly

OCTOBER 15, 2023

Breakthroughs for CFOs Generative AI, a powerful technology, helps CFOs in various ways: Saving Costs and Improving Efficiency Generative , AI assists CFOs in finding ways to save money and streamline operations by automating financial processes. The world of Generative AI is always changing, making it hard to keep up.

Financial Data 52

Financial Data Securities Finance Compliance 52

Spreadym

OCTOBER 3, 2023

They are key contributors to the planning, performance analysis, and financial strategy development within the company. Their work often influences important decisions related to investments, cost control, and revenue growth. What skills should the best FP&A candidates obtain?

Financial Planning and Analysis (FP&A) 59

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

CFO Leadership

OCTOBER 10, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. As AI permeates finance, questions about its compliance with audits and financial governance will arise. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Finance 95

Finance Accounting Auditing IFRS 95

The Charity CFO

NOVEMBER 30, 2023

Whether you trust your financial prowess or not, your nonprofit can benefit from a trusted accountant with nonprofit experience. A good nonprofit accountant can help double-check your work and keep your records in compliance. The investment now will save you in the future. These penalties can be crushing for nonprofits.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

PYMNTS

SEPTEMBER 17, 2020

According to Woods, organizations and their finance teams must be strategic about how they reduce their reliance on physical paper and invest in the technologies that can optimize document management without adding any extra pain. Technology Plays Catch-Up. A (Digital) Document Deluge.

Accounts Payable 63

Accounts Payable Compliance Invoicing Finance 63

The Charity CFO

JANUARY 11, 2023

Revenue recognition for nonprofits may seem fairly straightforward, but has unique complexities with important compliance consequences. Nonprofits rely on a mix of sources for their income, from fundraising, grants, and investments to earned income and individual contributions. Not Documenting Donations Properly. Get the free guide!

Nonprofit 52

Nonprofit GAAP Accounting Principles Auditing 52

The Charity CFO

JANUARY 26, 2023

NPOs should track all donations, grants, and investments made to their organization to make sure they are properly accounted for. Proper revenue recognition is a core accounting principle that ensures proper financial reporting, ensuring that you remain compliant and maintain donor confidence.

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52

The Charity CFO

JANUARY 5, 2023

Misuse of funds and poor investments. Poor financial reporting. Tax issues and non-compliance with regulatory requirements. Well, the answer lies in understanding and implementing these 7 essentials of nonprofit financial management. Timely reporting. Ease the tax reporting. Bring GAAP compliance.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Spreadym

JUNE 27, 2023

This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. Strategic Planning Support: Financial Planning and Analysis plays a crucial role in supporting strategic decision-making processes.

Financial Planning and Analysis (FP&A) 52

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

The Finance Weekly

OCTOBER 31, 2021

Many of the same financial issues that profit-seeking enterprises face, such as increasing revenue, managing audits, and dealing with compliance, encounter non-profit organizations (NPOs). Stakeholders in a non-profit organization need this information to determine whether operations are successful and how much to invest in them.

Planning 52

Planning Auditing Nonprofit Accounts Payable 52

CFO Leadership

OCTOBER 18, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. As AI permeates finance, questions about its compliance with audits and financial governance will arise. For instance, could financial statements generated by ChatGPT withstand audit scrutiny? Enjoy the adventure!

Finance 52

Finance Accounting Auditing IFRS 52

The Charity CFO

AUGUST 15, 2023

For accountants, this means the profit-generating strategies and investment ideas you bring to the table are still applicable and can make a massive impact. The IRS report only pays attention to tangible monetary value which means things like in-kind services or unrealized gains/losses on investments are excluded.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

E78 Partners

NOVEMBER 2, 2023

For starters, PE investors demand a level of rigor, insightfulness, and timeliness around financial reporting and KPIs at a higher level of sophistication than the organization is used to. There is a wealth of information condensed in these reports and often a “to do” list of recommended improvements.

Marketing 52

Marketing CFO Communication Finance 52

The Finance Weekly

JANUARY 22, 2024

Identify investment and financial planning opportunities. Attend board meetings and provide detailed financial reports and recommendations to company leadership. Assist with risk management, audits, and research. Collaborate with other executives and department heads on budget creation and management.

CFO 52

CFO Education Communication Leadership 52

E78 Partners

MARCH 23, 2023

Often, you find yourself wearing multiple hats – managing cash flow, budgets, compliance, and more. Outsourcing gives you the opportunity to take advantage of the latest security technologies, which can help protect your data from threats. Investing in an in-house accounting team can be pricey.

Accounting 52

Accounting Finance Budgeting Securities 52

Michigan CFO

JUNE 7, 2023

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. CFOs play a pivotal role in strategic decision-making, ensuring the financial health and stability of the business. Frequently Asked Questions What do virtual CFOs do?

CFO 52

CFO Problem Solving Budgeting Communication 52

PYMNTS

JULY 5, 2017

For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. “Companies still rely too much on Excel for reporting,” Born explained. These facts can be audited back to the source.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52

Future CFO

MARCH 11, 2021

“In this world, nothing can be said to be certain, except death and taxes” and the burden of calculating, reporting and complying with these taxes falls to the Office of the CFO. These tax departments face challenges with compliance, governance and infrastructure, caused by complex tax codes, siloed data and manual processes.

SAP 52

SAP CFO Finance Compliance 52

The Charity CFO

NOVEMBER 23, 2022

They are responsible for the financial health of the organization. They create and maintain financial records, prepare financial reports, and oversee the organization’s budget. They handle all payroll and accounting functions and manage investments and fundraising efforts. How to verify. How to verify.

Nonprofit 52

Nonprofit Finance Strategic Planning Budgeting 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. What is financial reporting software?

Financial Reporting 52

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