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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. The emerging FP&A practice steps out of the shadow of other finance functions becoming a standalone entity which involves its own mission, goals, organization, proce
Do you remember when a scanner, printer, copier, and fax machine used to all be separate devices? While that wouldn’t make much sense these days, think about revenue planning, data, and processes. Does it make sense to have a complete separation between your company goals, sales reps targets, and compensation models? In this blog post, we’ll look at how you connect the dots between Sales Performance Management and xP&A.
Last year, I wrote a post on ESG and explained why I was skeptical about the claims made by advocates about the benefits it would bring to companies, investors and society. In the year since, I have heard from many on the topic, and while there are some who agreed with me on the internal inconsistencies in its arguments, there were quite a few who disagreed with me.
Early critics of the efficient market hypothesis claimed incorrectly that market efficiency meant that a monkey throwing darts at a list of stocks was just as good an investment strategy as any other. Now we have hamsters spinning wheels. Mr Goxx, a hamster, makes cryptocurrency investments by spinning a wheel. Two men in Germany have created a cage in which Mr.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
Remember the old days when you just went out in public? Ah, good times. But, for now, virtual and online events remain the best alternative. While we’d so much rather be with you in person at Planful Perform 2021, virtual is how we’re helping finance and accounting professionals Accelerate Now. So how can you get […]. The post 4 Ways To Get the Most Out of Planful Perform 2021 (And All Other Virtual Events) appeared first on Planful.
When companies consider financing the purchase of a new or used piece of equipment, the monthly payment amount can be critical. In many cases, the target amount of the payment is determined based upon cash flow needs or what the business can afford.
When companies consider financing the purchase of a new or used piece of equipment, the monthly payment amount can be critical. In many cases, the target amount of the payment is determined based upon cash flow needs or what the business can afford.
Have the proper CFO for your company can often be the difference between whether or not you are able to accurately implement your financial analysis. However, it’s not uncommon for a business to not have the resources to keep a CFO in-house. Instead, companies often work with an outsourced CFO to fill this role. Not quite sure if it’s right for you?
When it comes to business budgeting and planning, traditional spreadsheets are labor-intensive, prone to errors, and static, so it can be difficult to get a clear view on your current and future financial position. With the fast pace of business change, CFOs need accurate financial information to make informed decisions on the fly. Accounting has evolved quite a bit since the early days of double-entry systems and general ledgers.
For the last two decades, China has been the dominant story for both the global economy and capital markets, as the country's immense growth and infrastructure investments have sustained commodity prices, and altered the balance of world economic power. That growth has come (or should have come) with the recognition that in almost every venture in China, public or private, the Chinese government is not just a player, but often the key player determining the venture's success and failure.
Investors have been looking for alternative investments and will be able to invest in a guitar from an alternative metal band. Gibson is using Rally to sell ownership of collectible guitars. The company recently sold 13,000 pieces of a guitar owned by Guns N' Roses guitarist Slash for $5 each. Of course, the company did not cut up the guitar, but sold a fractional share.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
In an ideal world, financial reports should build shareholder trust by offering accurate data about the performance of the company. In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. Valuations are a classic example of hole-filled financial reporting. History is riddled with companies that […].
Investors aren’t looking for high-level overviews from your financial reporting. They want you to dig deep and get some accounting dirt underneath your nails. Because the view from 30,000 feet might look nice in headlines, but it doesn’t drive fully informed decision-making for the investing public.
All day every day enterprises are dealing with overwhelming amounts of data. The dream to improve business performance from actionable insights moves farther and farther away as teams tread water in this sea of data rather than expertly navigating it. The desire and demand for the democratization of data seem to grow by the hour. As usual, there is no easy button.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
Did you know that outsourcing can save your business money ? It’s true! Outsourcing business functions like accounting can save you time and money. If you’ve been wanting to learn more about how outsourced accounting can actually save your business money, we’ve put together the ultimate guide. Keep reading to learn more about outsourced accounting and how outsourcing this business element can improve your overall business operations.
Belize is well-known for its coral reefs and scuba diving, including the Great Blue Hole , which Jacques Cousteau called one the five best dive sites in the world. Now, Belize may help save its coral reefs through bonds. Belize has a "superbond" outstanding, which is a combination of previous bond restructurings. The par value of $572 billion is part of Belize's 133 percent debt-to-GDP ratio, which the International Monetary Fund has stated is unsustainable.
Traditionally, finance teams have always worked on-premises, either due to security risks or limited access to data. But that was in a world before COVID-19. Now, the future of finance is looking remote—61% of financial services CFOs say “they plan to make remote work permanent for roles that allow it.” As your finance teams look […].
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
There are 10 most sough-after shared services skills in the finance and accounting function in the past year, said Gartner recently. “Looking for the top finance shared services skills in the same place as everyone else is costly,” said Jessica Kranish, senior principal, research, Gartner. “It’s important to understand there are locations where these top skills are in abundant supply without a high salary premium, and to consider these locations when setting up a shared service centre.” .
Adapting to xP&A (Extended Planning and Analysis, or what we call FP&A 2.0 ) means more than adopting new technology. For accounting and finance teams to successfully become trusted advisors in their enterprise, they must start viewing their role in a whole new way. Change management is essential when introducing any new technology or tool, but maybe not for the reasons that you think.
There’s no question that technology has changed the way we do business. One of the biggest advantages of technology for business owners is the ability to use data for business improvement. Data allows business owners to look at their operations objectively and make improvements where needed. However, effectively using data isn’t always easy.
Early in the year, SPACs were all the rage as a way to sidestep the IPO process. In January, 97 SPACs went public compared to 27 IPOs. In July , there were only 32 SPACs compared to 57 IPOs. In fact, many SPAC investors are selling their shares or redeeming shares when a deal is announced. Reasons for the slowdown in SPACs are increased SEC scrutiny and the fact that 438 SPACs that had raised over $130 billion combined have yet to find a merger partner.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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CIO-CFO partnership is important as tech leaders are helping to lead finance transformation while shifting strategies to meet evolving business and technology demands, said Workday and Deloitte recently when releasing a joint survey of more than 600 executives worldwide. Survey results indicate that 70% of CIOs surveyed having accelerated their finance transformation strategies by at least a year.
Shifting ideas and ideals are impacting your ability to plan for next year and beyond. From pandemic realities to acknowledging the “ Great Resignation ”, new energy on diversity in the workplace, and employees embracing a more personal, relationship-driven work experience, the modern business leader and business must adapt not only to keep up, but to lead.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
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