Future CFO

AUGUST 1, 2023

More than 50% of mid-size enterprises plan to automate analytics/BI through cloud applications in the next 12 – 18 months, highlighting the demand for financial reporting and analytics capabilities. This trend is driven by the need for real-time data analysis and insights to make informed business decisions.

Invoicing

Future CFO

AUGUST 7, 2024

"There is a clear distinction between data analysis for analysis sake (e.g. sales of suntan lotion have increased 10% and gross profit percentage dropped 1%'), and data analysis that addresses commercial questions (e.g. The post Fulfilling CFOs' future roles appeared first on FutureCFO.

Data Analysis

Centage

DECEMBER 1, 2021

To get a good cash flow projection, it’s important to: Start with sales. Look at all your metrics, leading indicators, and any potential “levers” that might increase or decrease sales. In fact, 39% of firms with less than $500 million in revenue have automated their financial report generation for this purpose.

Forecasting

Centage

SEPTEMBER 5, 2023

To determine profit margins, companies subtract the total cost of providing a product or service from the sales price paid for the item by customers. Gross Profit Margin: Your gross profit margin is the amount of your sales revenue minus the cost of your goods. The goal is to model different assumptions and track them over time.

Financial Planning and Analysis (FP&A)

Centage

SEPTEMBER 7, 2021

You’re reviewing the results with your sales team, and you find that one of the team members is 20% below their sales goal for the quarter – and you want to know why. Finance needs to support sales leaders (in this particular instance) by continuing to ask why until you find an area to adjust and help.

Finance

Centage

OCTOBER 3, 2022

Why Businesses Use Spreadsheets for Financial Forecasting Many small businesses start using Excel spreadsheets for bookkeeping and budgeting. With these spreadsheets, you can store, organize and analyze valuable data. For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list.

Forecasting

Centage

MAY 23, 2022

With rolling forecasts, businesses can gain better insight while aligning their sales and production goals with what’s actually happening from a financial perspective. Along with aiding in financial reporting, supply chain management, and budgeting, rolling forecasts play a key role in decision making.

Forecasting

The Finance Weekly

JULY 19, 2022

FP&A teams are responsible for a variety of activities, including periodic financial close and consolidations, strategic and annual planning, monthly forecasting, cash flow forecasting, financial reporting, financial modeling, and what-if scenario planning and analysis. Excel Add-in.

Financial Planning and Analysis (FP&A)

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?

CFO

Collectiv

JUNE 13, 2023

Data analysis is a treasure trove for non-profits. 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.

Nonprofit

The Finance Weekly

JANUARY 21, 2024

All involving Excel data manipulation. Problem 1: Using Old and Cumbersome Excel Models Many of us have developed a financial reporting process that uses workarounds for limitations in our ERP software and to ensure we can meet our deadlines without accidentally breaking something.

Financial Planning and Analysis (FP&A)

The Finance Weekly

APRIL 28, 2024

Also, the subscription service comes with cool features such as follows: Keeping tabs on inventory Sorting out your books Sending out invoices smoothly Managing payroll Dishing out financial reports Linking up with other apps for a seamless workflow Plus, you can share access with different permissions for your team.

Financial Planning and Analysis (FP&A)

Centage

SEPTEMBER 5, 2023

To determine profit margins, companies subtract the total cost of providing a product or service from the sales price paid for the item by customers. Gross Profit Margin: Your gross profit margin is the amount of your sales revenue minus the cost of your goods. The goal is to model different assumptions and track them over time.

Financial Planning and Analysis (FP&A)

Centage

OCTOBER 3, 2022

With these spreadsheets, you can store, organize and analyze valuable data. For example, you may use spreadsheets to plan your fiscal year or maintain your client sales list. With Excel’s computing and analytical features, you can identify trends and sort your data into relevant categories. Limited Visibility.

Forecasting

Boston Startup CFO

FEBRUARY 1, 2023

Cash flow constraints and lack of cash visibility If you have cash flow constraints and lack of cash visibility, a fractional CFO can help you in several ways: Assessing your cash flow : A CFO can help you understand the factors that are affecting your cash flow, such as your sales and expenses.

CFO