Sat.Jul 03, 2021 - Fri.Jul 09, 2021

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Error Metrics: How to Evaluate Your Forecasts

Jedox Finance

When considering the performance of any forecasting model, the prediction values it produces must be evaluated. This is done by calculating suitable error metrics. An error metric is a way to quantify the performance of a model and provides a way for the forecaster to quantitatively compare different models 1. They give us a way to more objectively gauge how well the model executes its tasks.

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What is a 13 Week Cash Flow Forecast?

CFO Share

A 13 week cash flow forecast is a short term forecast used during liquidity shortfalls to plan a company’s cash flows and avoid financial distress such as missing payroll, defaulting on debt, and ending up in bankruptcy or receivership. Cash flow models, cash flow projections, and cash flow forecasts are shorthand for a 13 week cash flow model. The 13 week cash flow model is a tactical forecasting tool used in business turnaround situations, rather than a strategic business forecasting model use

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Success story: CFOSP helps restaurant chain fund growth

CFO Strategic Partners

On the outside, it appeared that one of Orlando’s growing fast-casual restaurants was nothing but success. The chain was expanding quickly and gaining passionate fans, and the owners were making their dreams a reality. Internally, however, it was a different story. Financial reporting was inconsistent and unreliable, and without that data, it was impossible to see whether rapid-fire growth could be supported.

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Survey: Bad debt rose 25.8%

Future CFO

Provisions and write-offs of bad debt increased from $9,750 million in 2019 to $12,262 million in 2020 — a 25.8% increase, according to a Gartner analysis of 796 financial statements. The standard approach to determining receivables risk underestimates the risk of customer nonpayment because it fails to account for those who can pay but still won’t, said the advisory firm.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Grant Management: How Payroll Can Have An Impact

Capital CFO LLC

The use of payroll software and/or payroll services can be a valuable tool to support nonprofit organizations throughout the grant life cycle. From the time a grant writer begins the […]. The post Grant Management: How Payroll Can Have An Impact appeared first on Capital CFO+.

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7 Essential Features Your Finance Dashboard Must Have

Driven Insights

When you're on a road trip, how often do you check the gauges on your car’s dashboard? Routinely, if you're like most people. Those indicators tell you important information like where you are in your journey, how you’re tracking relative to expectations and whether you have enough fuel to get there.

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CFOs: How to create an agile finance function

Future CFO

Loreal Jiles (pictured), Director of Research – Digital Technology & Finance Transformation, Institute of Management Accountants (IMA) weighs in on how CFOs can create an agile finance function and why it matters. Loreal Jiles, Director of Research – Digital Technology & Finance Transformation, IMA. FutureCFO: How do you define agility? Loreal Jiles (LJ): Agility describes behaviours and attributes that enable individuals, teams, and organizations to sense and more efficiently and effec

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Payroll Impact on Grant Management

Capital CFO LLC

Proper payroll accountability and reporting is a critical component of grant management. Yet, many nonprofits do not utilize a payroll service and are subject to manual tracking and reporting. A […]. The post Payroll Impact on Grant Management appeared first on Capital CFO.

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“Your Network Is Your Net Worth”: Seven Tips to Propel Your Career

CFA Institute

Your social capital grows as the people you help today advance their careers and step into more senior roles tomorrow.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Increase your visibility to the location options and the composition of future workforces

Anaplan

This post summarizes Anaplan’s HR approach in using our own product to implement flexible workforce location strategies.

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Employee wellbeing: Finance execs feel fatigued and jaded

Future CFO

Employee wellbeing continues to be an issue as finance executives feel fatigued and jaded after having worked harder in the last 12 months than they’ve ever done before, said ACCA when releasing results of a survey. “The finance profession has experienced a ‘five years in five months’ evolution due to Covid-19, as organisations increasingly looked to them to plot a path of financial stability in challenging business conditions,” ACCA noted in a statement.

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Cash Flow Management and Planning Have Changed for Good

Planful

This is the first in a three-part series highlighting key insights provided at a panel discussion from the CFO Leadership Council’s Atlanta chapter. The conversation focused on cash cash flow management, planning and forecasting during a cash-crunched environment, and featured insights from two CFOs and a VP of Finance. . In this installment, these leaders look back at how they dealt with the initial shock of lockdowns and closures, how that impacted FP&A teams and their approach to cash flo

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Pointless Market Equivalence? If Not the IRR, Why the PME?

CFA Institute

The public market equivalent (PME) does not reflect the economic reality of private equity investing.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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APAC employers prioritise employee experience for post-pandemic success

Future CFO

As companies transition to new ways of work, the number of organisations in Asia Pacific (APAC) making employee experience a top priority has surged, said Willis Towers Watson recently when releasing results of a survey of 1,550 employers around the world. Of that total, 440 respondents from 14 different markets in APAC participated in the 2021 Employee Experience Survey, WTW noted, adding that the survey was conducted in April 2021 and the APAC respondents employ more than 1.4 million workers.

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Hong Kong's export index has risen for the fifth consecutive quarter

Future CFO

Hong Kong’s export index has risen for the fifth consecutive quarter, soaring from a record low of 16.0 at the beginning of the pandemic last year to 48.7 in Q2 of 2021, which is close to expansionary territory, said Hong Kong Trade Development Council (HKTDC) recently. . The sustained upturn indicates that local exporters have gradually regained confidence in the city’s export outlook, HKTDC noted.

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10talks: Resilience — How to get ahead and still keep your head

Future CFO

Refresh your skills and re-energise yourself with ACCA's 10talks and the three step programme to staying mentally resilient. The post 10talks: Resilience — How to get ahead and still keep your head appeared first on FutureCFO.

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Viewing Technology Stocks through a Gender Lens

CFA Institute

How are the FANGMAN and other tech stocks performing from a gender lens perspective?

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.