FASB studies AI use in financial data analysis
CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
This site uses cookies to improve your experience. By viewing our content, you are accepting the use of cookies. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country we will assume you are from the United States. View our privacy policy and terms of use.
CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
Barry Ritholtz
DECEMBER 3, 2024
We posted an analysis of a deeply flawed (dare I say fabricated?) data analysis from the Hoover Institution. You may have missed this little brouhaha over the Thanksgiving weekend. Dated August 7th, it seemed to have been overlooked during the Summer. (It
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Back to Basics with Reconciliations
Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth
Less Stress, More Success: Accounting Best Practices & Processes for 2025
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
From Start to Scale: Driving Growth Through Seamless Payments Implementation
Barry Ritholtz
NOVEMBER 29, 2024
Some sleuthing uncovered the fact Ohanian had inappropriately relied on data that was not seasonally adjusted. Once again, Ohanian is back with another egregious data analysis error. Inappropriately mixing data from one BLS Payroll survey with data from another BLS Empoloyment survey is a cardinal sin of BLS data analysis.
Back to Basics with Reconciliations
Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth
Less Stress, More Success: Accounting Best Practices & Processes for 2025
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
From Start to Scale: Driving Growth Through Seamless Payments Implementation
Future CFO
AUGUST 14, 2022
The study was designed to update understanding of market practice for the assurance of ESG or sustainability information globally, having reviewed 1400 companies across 22 jurisdictions.
CFO News
DECEMBER 4, 2024
Key initiatives include AI-driven quality checks, real-time data analysis, and the upcoming launch of the SAKSHAM-AI/ML platform for improved decision-making and service efficiency. Godrej Capital is utilizing Generative AI (GenAI) to enhance customer service, analyze interactions, and manage credit risk.
Future CFO
OCTOBER 2, 2024
Implementation across functions At the forefront of AI adoption, ACCA says data analysis and reporting emerges as the clear leader. In the audit space, AI offers enhanced capabilities for data analysis – enabling auditors to process information and identify outliers or anomalies more efficiently.
Private Funds CFO
MARCH 31, 2022
Continuing our list, we examine real-time data analysis, predictive analytics, Zoom fundraising, daily reporting and automated waterfalls.
CFO Selections
MARCH 4, 2024
The “branches” off each decision alternative that result use data analysis to forecast the most likely outcome of each decision. Basically, it is a visual version of an “if this then that” statement across all possible alternatives.
PYMNTS
SEPTEMBER 17, 2019
HTC has announced it is partnering with Bitcoin.com to add bitcoin cash support for its Exodus 1 blockchain phone, which will come with Bitcoin.com’s preinstalled wallet and be rolled into the Exodus 1 software update. Bitcoin.com will also sell the Exodus 1 and all future versions.
Cube Software
JUNE 4, 2024
The software offers a spreadsheet-style interface for analyzing financial data and organizing information. The software allows for easier cash flow management, balance sheets, and income statements, and offers data analysis tools.
The Finance Weekly
DECEMBER 2, 2024
In this case, you will find that not all Excel-based data analysis software tools will be compatible. Even more frustrating, it may be compatible with some of your software systems, but not all, resulting in more inefficiency you were aiming to reduce by using data analysis software in the first place.
Future CFO
AUGUST 13, 2024
Real-time analytics Real-time analytics enables organisations to monitor transactions and user behaviour instantaneously, facilitating swift fraud detection and prevention through effective data analysis and machine learning techniques.
Global Finance
OCTOBER 7, 2024
Tanganelli: AI has the potential to revolutionize finance by enhancing data analysis, improving forecasting accuracy and automating routine tasks. I see AI evolving to become an important part of the decision-making processes, providing deeper insights and enabling more strategic, data-driven decisions.
CFO Plans
DECEMBER 2, 2024
Join us as we explore unique perspectives on financial reporting and data analysis, offering actionable insights for hospitality business owners seeking growth opportunities without a dedicated financial strategist. Discover Expert CFO Strategies for Hospitality Growth to unlock new opportunities and drive your business forward.
Spreadym
OCTOBER 3, 2023
Data Analysis: They use data analytics tools and techniques to extract insights from financial data, providing valuable information to support strategic decisions. This includes building pro forma financial statements, forecasting cash flows, and scenario analysis.
Future CFO
MARCH 22, 2022
With intelligent automation and augmented analytics, Soneva can largely eradicate manual, tedious processes, and instead focus time and resources on strategic value-adding tasks such as data analysis and smarter, insight-driven business decisions, Workday added.
Lime Light
JANUARY 20, 2022
Data analysis is one of the most challenging parts of any profession. It is not just a technical or a mathematical problem, it is a process that requires creativity and the ability to see beneath the data to uncover real insights. Time to read: 2 ½ Minutes.
CFO Leadership
MAY 31, 2023
Data analysis and leadership were ranked by CFOs as the most important skills for new team members, outpacing more traditional competencies like accounting and project management. Inflation moved down to the third-ranked impact, tied with the US regulatory environment at 13%.
Future CFO
AUGUST 7, 2024
Ho notes that CFOs, with their wider lens, can lead a team to draw insights from data to address specific strategic needs. There is a clear distinction between data analysis for analysis sake (e.g.
Future CFO
OCTOBER 24, 2023
As organisations race to ensure their readiness for the digital mandates imposed by legislators, they turn to investments in technology within their tax departments, resulting in significant improvements in tax data collection and processing, better data accessibility, and the ability to provide real-time reporting.
The Finance Weekly
JULY 10, 2022
One of the most powerful ways to defend against competitors and shine amongst your peers is to discover that one gem of data that drives action. In technical terms, it’s the art and science of mining your data to find key patterns. 2 Clean Up Your Data The quality of your data analysis is only as good as the data you've collected.
Jedox Finance
APRIL 8, 2021
It also needs to be based on insights from data. Effective decision-making must be based on data analysis, decisions (planning) and the execution and evaluation of the decisions and its impact (forecasting). Good decision making should involve more than just a good artistic sense and strong intuition. an approved budget).
Centage
MAY 10, 2022
Planning Maestro offers the sophisticated features needed by small and mid-market organizations to integrate budgeting, forecasting, and deep data analysis within one easy-to-use, scalable SaaS solution. Bring SaaS to Your Budgeting & Planning. Watch Demo.
PYMNTS
OCTOBER 7, 2016
Plati Potom develops post-payment solutions for eCommerce and offline retailers, as well as data analysis and credit risk management tools. One of the main goals of this transaction is to acquire proprietary data analysis and scoring technologies, as well as the team working on the products.
CFO Share
JULY 27, 2023
AI Advantages and Opportunities for CFOs AI presents key advantages and opportunities for CFOs: AI Enhanced Data Analysis AI enables CFOs to analyze large volumes of financial data quickly and accurately, uncovering valuable insights for decision-making. Where will you take AI in your business?
Future CFO
JANUARY 2, 2024
This can lead to improved financial reporting, data analysis, and overall financial management. When you outsource, your business can benefit from access to these advanced tools without the upfront costs and ongoing maintenance expenses.
VCFO
JULY 8, 2022
Workplan analysis is led by a senior CFO or CHRO professional with deep experience in applying the tool and a full understanding of the concerns, questions, and decisions that need to be weighed. The process itself is comprised of three steps: data collection, data analysis and visualization, and findings review.
Future CFO
APRIL 3, 2024
The data analysis, which was made by Shir Dekel , Analytics and Survey Design Expert, Global Thought Leadership at PwC, shows that higher rates of resource reallocation are associated with higher profit margins, suggesting that most companies could increase profitability by reallocating more actively.
Spreadym
MARCH 9, 2023
Here are some of the key techniques used in corporate data processing: Scalability Excel was designed to be used for small-scale data analysis and calculation. Here are some of the most common issues.
CFO Talks
OCTOBER 1, 2024
For example, if you tend to be risk-averse, being aware of this can help you counterbalance your decisions with more objective data analysis instead of relying solely on instinct. Self-awareness helps you recognise when personal biases or stress might influence your judgment.
PYMNTS
JANUARY 20, 2021
“Our goal is to provide technical and auto-billing management services for 100 million micro-business online stores in China through big data analytics, machine learning mechanisms, social network recommendations and multi-channel data analysis,” the company said in its filing.
Future CFO
OCTOBER 21, 2021
Executives indicated that automating the following functions are providing the greatest benefits, Kofax noted. appeared first on FutureCFO.
CFO Plans
NOVEMBER 4, 2024
Technology and automation are revolutionizing Strategic Financial Planning , offering advanced tools for data analysis and decision-making. Embracing Emerging Trends in Financial Planning As the financial services industry evolves, embracing emerging trends becomes imperative.
Jedox Finance
SEPTEMBER 29, 2021
Unified tools and processes reduce data silos, decrease a risk of potential misalignment, and support better long-term business performance. Discover how a full xP&A solution can support a variety of planning methods and needs, forecasting, and allowing different types of data analysis.
The Charity CFO
NOVEMBER 8, 2023
Data Analysis, Budgeting, and Resource Allocation Budgeting and resource allocation are essential for nonprofit organizations. To get these things right, data analysis has to be done correctly.
PYMNTS
SEPTEMBER 30, 2019
However, data analysis can help change that. As he spoke with Webster, Talaga argued for the greater use of data-analysis models that enable hospitals to better determine the repayment capabilities of specific patients. That has a major downstream impact,” Talaga said.
Future CFO
NOVEMBER 27, 2024
"The increasing use of new technology has been the post-pandemic trend with organisations maximising the power of technology to expedite their recovery, identify new ways to enhance efficiency and identify new strategies through data analysis."
Centage
OCTOBER 3, 2022
Disadvantages of Excel for Financial Forecasting While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios.
Centage
SEPTEMBER 14, 2021
It replaces static spreadsheets with a cloud-based financial tool that gives role-based access to data in real time. Planning Maestro allows you to access historical, current, and future budget and forecast data in one place, with advanced features for data analysis and projections.
PYMNTS
SEPTEMBER 4, 2019
The online lending platform pointed to Radius Intelligence’s capabilities in data acquisition and entity resolution, which enable its data analytics platform to analyze disparate and complex datasets, it said. That data analysis aims to provide actionable insights into small businesses’ cash flow.
Centage
JANUARY 18, 2024
Cloud platforms enhance collaboration, ensure real-time data access, and facilitate seamless integration with other business systems. Big data analytics Harness the power of big data analysis to elevate your FP&A game. Ensure your FP&A team stays updated on the latest technologies and industry trends.
Fpanda Club
FEBRUARY 5, 2024
Among those who rest, 20% are data overloaded because of poor data governance and several conflicting data sources, 25% can’t get the data they need and over 30% don’t possess technology, tools, or resources to exploit the data they have. These are the basic that should be in place and in good standing.
Future CFO
AUGUST 30, 2023
Stakeholder management, strategy and change management and data analysis skills were all seen as vital for relevant roles. Professionals looking to specialise in a ‘green’ job may wish to consider getting certified for BEAM, WELL, LEED, or Carbon Auditing, depending on regulatory requirements.
CFO Leadership
MAY 31, 2023
Data analysis and leadership were ranked by CFOs as the most important skills for new team members, outpacing more traditional competencies like accounting and project management. Inflation moved down to the third-ranked impact, tied with the US regulatory environment at 13%.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content