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The Future of Finance and Sustainability with Elizabeth Burns The evolving demands of sustainability and financial performance are reshaping the role of CFOs in the energy sector. Elizabeth’s approach offers practical lessons for finance leaders navigating this complex and dynamic landscape.
When you’re making small-talk with someone who isn’t in finance or accounting about how work is going, and they answer with “busy,” do you ever question how hard it really is? We spoke to 20 finance teams for research on this article. After all, how busy someone is will be relative to their business, function, and industry.
Reflecting on his time at Splunk, Johnson illustrates how shifting from on-premise software to cloud services required complex financialmodeling, flexible thinking, and cross-functional collaboration. His insights reveal how finance leaders can guide companies through transformative eras.
FP&A is an evolving function that falls into the intersection of finance, operations and strategy aimed at driving better decision-making trough insightful analysis, forecasting and goal setting. FP&As role is to connect those insights to financialmodels and forecasts.
The CFO role traditionally has two high-level leadership archetypes: strategic and operational. An operational CFO optimizes performance by combining data from various departments with financial data. What is Operational Finance? It involves analyzing financial statements and data from different business units.
As CFOs navigate this complex terrain and adapt their business processes, and decide how large a financial commitment to make to it, they must understand the implications for their financialmodels, risk management practices, and overall business operations.
Member Profile: Rajesh Bux In this edition of our CFO Spotlight series, we feature Rajesh Bux, a seasoned finance executive and strategic leader with deep roots in Africa’s telecommunications sector. He has developed advanced budgeting and project financemodels and led large-scale system implementations to drive operational excellence.
She had excelled quickly, so much so that she was assigned to a leadership role in a major audit project just 2 years into her career. At Scrubbed, she gained broader experience in finance, and, as the company grew exponentially, so did her responsibilities. We can even help to prepare their 10-K’s for the SEC.
Finance and Strategy: Making Numbers Work for Your Vision Imagine this: Your company has a fantastic vision—perhaps it’s to dominate a new market, launch a groundbreaking product, or grow your team and profits. This is where aligning your finance with strategy comes in. So should your financial management.
Overextended FP&A leaders with tactical burdens The Challenge: FP&A leaders often spend excessive time on manual data aggregation and spreadsheet maintenance, limiting their ability to provide strategic financial insights. Establish a dedicated analyst team for tactical financialmodeling. Use operational KPIs (e.g.,
We’ve gathered a panel of CFOs and business leaders on how they succeed in bringing veterans into their organization and use finance training as the catalyst.) Even military personnel who have finance and budgeting as their job specialty aren’t practicing private sector finance principles and concepts. The contrast is stark.
A CFO’s personal credibility can be the deciding factor in whether the business secures financing or weather a reputational storm. When financial decisions are grounded in integrity, they tend to be more robust, less reactive, and ultimately more sustainable. The ethical bar in finance isnt just whats legal.
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.
You sit at the intersection of finance, ethics, regulation, and performance. Its about aligning leadership behaviour with company purpose, structuring accountability lines, and creating visibility into how decisions are madeand why. Who signs off on financialmodels? Model ethical behaviour.
Thobile’s passion for finance sparked in high school with her love for mathematics and the challenge of balancing financial statements. This interest solidified during her BCom studies, where she found satisfaction in analyzing financial statements and market trends. What sparked your interest in finance?
This capability offers a significant advantage in today’s competitive environment, where agility and foresight are vital for maintaining strong financial health. This not only enhances performance outcomes but also supports dynamic forecasting, enabling leaders to adapt their plans as business conditions evolve.
The team helps clients understand each deal’s potential returns and risks by providing accurate valuations and financialmodels. They also work on structuring transactions to align with clients’ goals, minimizing tax implications, and ensuring efficient financing. The post What Are Transaction Services?
Datarails, Vena, and Workday, leaders in the large and competitive field of FP&A software, all won multiple awards in the employee salary, benefits, and leadership categories. 6) Best leadership teams. Datarails is also , The Finance Weekly’s #1 FP&A software for 2022. Datarails - Didi Gurfinkel, CEO- came in at #19.
But while some risks are worth taking, others can be a fast track to financial disaster. But lets be honestevaluating investment risks isnt just about spreadsheets and financialmodels. As a CFO, your experience, intuition, and leadership play a critical role. The difference? But it also means getting your team on board.
In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation. to drive financialmodels.
Artificial Intelligence (AI) is gradually revolutionizing various industries, including the field of accounting and finance. With the emergence of , AI tools and Large Language Models (LLMs) like ChatGPT, Google Bard, and BERT, professionals in these fields can benefit from enhanced capabilities and streamlined processes.
It took me years to be skilled in financial planning and analysis. Not every finance professional can be sharp enough to detect key highlights and provide analysis for the financial statements. How do you dissect complex algorithms as compared to traditional financialmodels?
According to the Bureau of Labor Statistics, finance-related jobs are predicted to experience an 8% annual growth rate until at least 2030. According to the Bureau of Labor Statistics , finance-related jobs are predicted to experience an 8% annual growth rate until at least 2030 – in line with other professional sectors.
The pandemic gave new meaning to financial agility. It became vital as companies pivoted, recalibrated their financialmodels, and looked to withstand market shocks. For financial leaders, this shift in meaning created challenges. As a result, every company sought financial clarity. Source: FutureCIO-AFP, 2021.
Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures. His leadership skills have been honed through years of working strategically with CEOs, executive leadership teams, boards of directors, and building and mentoring diverse teams.
When you’re making small-talk with someone who isn’t in finance or accounting about how work is going, and they answer with “busy,” do you ever question how hard it really is? spoke to 20 finance teams for research on this article. spoke to 20 finance teams for research on this article. These processes vary.
Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. The class starts with a question of what the end game should be for a business (profitability, value, social good?)
Back in 2001, Lafouge stepped into a pivotal financeleadership role with Technip, a technology provider to the energy industry. At Spendesk, he faced the task of restructuring the finance organization to support rapid growth. Our comprehensive spend management platform is very easy to implement for the finance team.
In this episode of Planning Episodes hosted by Jack Sweeney and Brett Knowles, three CFOs—Don McGuire of ADP, Scott Blackley of Oscar Health, and Patrick Fleury of TeraWulf—share their insights on financial planning and analysis (FP&A), with a focus on navigating complex business environments.
The job of managing a corporation’s cash flow typically falls to its FP&A team and its Chief Financial Officer (CFO). Corporate Finance Institute According to the Association of Finance Professionals , many of the skills that make FP&A a strategic partner to the business lead well into the skills that make the CFO a trusted advisor.
Our expertise in financialmodeling, due diligence, and strategic planning can streamline the transition process and contribute to its success. Mergers, Acquisitions, or Restructuring An outsourced CFO can play a pivotal role during any period of significant change—such as a merger, acquisition, or internal reorganization.
Driver-based modelling allows finance teams to nimbly adjust resource allocations and fine tune financial forecasting around the core drivers of the business. Driver-based budgeting definition Driver-based budgeting/forecasting is a financial planning approach with two major components.
Their comments highlight a common theme of the need to elevate the technical expertise of finance to the level of strategy. Geetanjali Tandon, Digital & IT Transformation Finance Lead at Bayer Crop Science, Chair of the AFP FP&A Advisory Council. Also, a crystal ball to financiallymodel the impact of the strategic options.
Editor’s note: Finance executives could no longer succeed by focusing simply on numbers. Grace Lim (pictured), CFO at KK Women's & Children's Hospital (KKH) in Singapore shared with FutureCFO audiences how female finance executives could become CFOs. This article is part of FutureCFO's Female Leadership in Finance Series.
Accurate Planning Requires a Single, Integrated Source of Truth Modernized planning is about transforming business processes holisticallyintegrating concepts of financial planning across all departments, whether its HR, supply chain, sales, or operations. However, this finance-centric approach left a lot of blind spots across the enterprise.
Starting in late January 2023, I will be back in the classroom, teaching valuation and corporate finance to the MBAs and valuation to the undergraduates, and these classes will continue through May 2023. The class starts with a question of what the end game should be for a business (profitability, value, social good?)
The role of chief financial officers has long been evolving, especially following the drastic changes brought about by the advent of the COVID-19 pandemic. Strategic finance management plays a pivotal role in the efficacious integration of digital technology, augmenting operational efficiency and propelling sustained growth,” Waty says.
The CFO role requires certain traits and skills, said Woranat Dumrongsiri (pictured), Country CFO, Deloitte Thailand and Deloitte Laos during an interview with FutureCFO for the publication’s Female Leadership in Finance Series. Future CFO: When did you start to become interested in finance? How would you want that to change?
Financial Planning and Analysis (FP&A) involve a range of activities, including planning, forecasting, budgeting, and analytical tasks, all of which are vital in providing essential support for a company's major business decisions and overall financial well-being.
“Ongoing uncertainty and instability will expose organisations to sudden cost surges in the coming years,” says Randeep Rathindran , distinguished vice president of research in the Gartner Finance practice. The post CFOs to face EBITDA margins challenges, Gartner says appeared first on FutureCFO.
We must then repeat it so that it seeps into the finance culture for current employees and attracts the type of people you want to have. Crystal ball to financiallymodel the impact of the strategic options. This will help you in your role of supporting the CEO and our daily activities with the business.
To hold their own amongst established competitors, startups need strong leadership teams and effective business strategy. TK: The ability to communicate your thinking and decision-making rationale is absolutely critical to success in any finance role. JT: CallFire’s founding team remains active in the company.
He or she must also review all formal finance, HR and IT related procedures. Angie Lin, co-founder and chief investment officer at Assured Asset Management adds that the CFO has to look beyond the traditional approaches towards managing the finances of the company – be open to new ways of doing things.
These are often not “out of the box” solutions and will require us to spend time learning new skills in process automation, analytics and financialmodeling. Especially clean data or even enriched data which brings financial and non-financial information together can be powerful. FinancialModeling.
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