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The finance function must adapt to digital disruption, integrating automation and real-time data analysis to enhance decision-making processes. CFOs are expected to manage financial risks and drive strategic growth initiatives. Evolving role Historically, CFOs were the stewards of financialreporting and compliance.
The newly-minted CFO will concentrate on FP&A and financialreporting this year, which requires finding finance employees that have a range of skill sets.
FinancialReports That Dont Age Like Milk: The Power of Real-Time Data Imagine running a business where financial decisions feel like guessworkwaiting weeks for reports, struggling with outdated data, and constantly fearing human error. Now, real-time dashboards allow them to monitor financial health instantly.
Did you know that 96% of finance teams still rely on spreadsheets for planning and 93% rely on them for reporting? I dont about you, but its pretty surprising to see spreadsheets dominating in AFPs 2025 FP&A Benchmarking Survey Report. For many finance teams, the spreadsheet trap is a hard habit to break.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise. Master the balance between analytics and action. Register now for exclusive insights!
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.
The Role of IFRS in Simplifying Cross-Border FinancialReporting In todays interconnected world, businesses are no longer confined by borders. While this global reach brings opportunities, it also comes with challengesespecially when it comes to financialreporting. But what does it really mean to be IFRS-compliant?
Like many finance leaders, Aidana Zhakupbekova, VP Finance at HousingAnywhere , the largest European mid to long-term rental accommodation platform, has worked across accounting, credit control and FB&A spheres. . Start-ups typically don’t start with strategic finance and focus more on operational finance,” she explains.
Month-end and quarter-end can feel like a high-wire act for mid-market SaaS finance teams. CFOs and controllers juggle countless Excel files, disparate data from NetSuite and other systems, and last-minute narrative edits to board decks – all under tight deadlines. The result?
The finance function is undergoing a seismic shift. Technological advancements, evolving market demands, and a heightened focus on sustainability are converging to reshape the finance landscape. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.
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.
Recognizing that organizations with access to and insights into the most data have the best chance of weathering the downturn, savvy business owners are taking steps to improve their financialreporting. Key FinancialReports to Run. The Importance of Automated FinancialReporting.
Mexicos new President Claudia Sheinbaum announced measures last month to steady the finances of the state-owned oil company Pemex, which experienced another round of losses this fall. All finances will be concentrated in a single entity: Pemex. In September, Pemex announced a third-quarter loss of 161.5 Pemexs total sales were 7.7%
Why Accurate and Granular or Detailed FinancialReporting is Imperative During Times of Volatility. Which is why today it’s more important than ever to have a strong, accurate financialreporting process so you can make key decisions for your business in the days, weeks and months ahead. Beyond Static Reports.
Despite the basic truth that businesses need to be future looking if they hope to succeed, traditional financialreporting has typically focused on what’s happened in the past and present. Using cutting-edge financial intelligence, FP&A software serves to automate the daily tasks of corporate financial planning.
Achievement Orientation in Finance: How to Set and Meet High Standards As a CFO, you play a key role in setting the tone for performance in your organisation. Achievement orientation is about more than meeting deadlines or hitting financial targetsits about consistently striving for excellence and encouraging your team to do the same.
Predictive Finance, Ethical Leadership, and Public Sector Innovation: Lessons from SAQA CFO Innocent Gumbochuma In the latest episode of CFO Club Conversations , we had the privilege of speaking with Innocent Gumbochuma, Chief Financial Officer of the South African Qualifications Authority (SAQA) and the 2024 Public Sector CFO of the Year.
This enhances the accuracy and timeliness of financial disclosures, fostering trust. Prioritize Comprehensive Reporting: Provide detailed and transparent financialreports that highlight key insights and future forecasts. Leverage Technology: Utilize digital tools for real-time data sharing and interaction.
There is often tension as a board focuses either on fundraising or finance. In the latest episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Paul Morris, Executive Fundraising Coach at Auxilia , to discuss the critical partnership between finance and development in nonprofits. Check out his first episode here.
The electric vehicle maker’s new interim CFO, Jonathan Maroko, is replacing Yun Han, who resigned from the top finance role. The company announced it will also be restating certain financialreports.
Young people usually choose their career in finance as it seems to be rather easy to measure success: there is a beaten path from an entry-level accountant/auditor or financial analyst to finance manager and later to CFO. This is the reason for many graduates to pick finance as their career. Finance field is no exception.
One industry that tends to be recession-resistant is finance. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. And while the finance industry has seen its share of ups and downs over the years, it generally bounces back fairly quickly after a downturn.
Some companies, such as Advanced Auto Parts and Tupperware, failed to file financialreports on time simply because they didn’t have enough accountants. “We The post Shortage Of CPAs Fuels Push To Ease Licensing appeared first on Global Finance Magazine. It is becoming increasingly difficult to do the job expected.
To achieve this, you need a cloud-based financialreporting software that can support frequent forecasting, scenario planning, and reporting. While accuracy in reporting remains a top priority for CEOs, efficiency and speed follow close behind. FinancialReporting & Analytics Made Easy. Learn More.
In this episode, CFO Brandon Sullivan of 2X shares how he transformed financialreporting to drive agility and informed decision-making. However, when revenue stalled, Sullivan realized that monthly reporting was too slow for a dynamic business.
The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financialreporting of businesses. Advice It is undeniable that the shifts and changes in the finance function make the way to success a more challenging one.
With the Trump administration embracing digital assets, finance leaders need to get educated on the potential risk and reward of cryptocurrencies and stablecoins. With the Trump administration embracing digital assets, finance leaders need to get educated on the potential risk and reward of cryptocurrencies and stablecoins.
I like to make a difference : I do not expect my students to agree with all or even much of what I have to say, but I would like to think that I sometimes change the way they think about finance, and perhaps even affect their choice of professions.
Technology has made financialreporting easy for everyone involved in the process, from the finance and accounts team preparing reports to the regulators, investors, and others who use those reports. That said, technology is only one aspect of the reporting process. in 2023 while Europe and the U.S.
Accountability in Finance Teams, Methods and Benefits Accountability is a big deal in any business, but for finance teams, it’s especially important. Whether it’s handling invoices, managing payroll, or preparing financialreports, no one should be left guessing about their tasks. And the benefits?
Members’ Profile: Anne-Marie de Bruin In this edition of CFO Club Africa’s Members Spotlight, we are introducing Anne-Marie de Bruin, a highly experienced finance professional and the freelance Financial Manager at AM Cross Country Consulting.
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.
Part of that effort requires a deep dive into the overall financial health of your organization. That includes analyzing key financial metrics as part of the financialreporting and analysis process to see where you are today to determine where you want to be tomorrow (and how to get there!).
Top 5 Signs Your Accounting Is a Mess (And How to Fix It) When your nonprofits finances feel offbut you cant quite put your finger on whyits often because the accounting system is quietly unraveling behind the scenes. Monthly financialreports should be shared with leadership on a consistent timeline. Get the free guide!
Global Finance: Can you briefly describe what your model does? Here in the UK, the FinancialReporting Council looked into audit papers of the FTSE 100 and basically gave them a good health score. Horton: If they have an IPO, theyll be big firms, and theyll follow International FinancialReporting Standards or US GAAP.
Diverse Teams, Unified Goals: Managing Multifaceted Finance Staff In today’s dynamic business environment, finance teams have evolved into diverse groups with different skills, experiences, and perspectives. As CFO, you need to articulate a clear financial vision that transcends individual tasks and roles.
Gartner surveys looking to 2022 show that CFOs, controllers and heads of financial planning and analysis (FP&A) are all focused on digital initiatives that will lay critical groundwork for an autonomous future. Cedric Assaouloff , digital and innovation lead at R&D finance pharmaceutical company F.
In response, 82% of CFOs report that investments in digital are accelerating faster than in other areas, including talent, supply chain, business services or fixed assets. What does this mean to the finance and accounting team of 2022? The next stages of digital transformation will drive this growing demand for multi-skilled talent.
Once again 2022 was not a boring year, both for world events and finance in particular, and the growing number of readers and widely diverse range of topics attests to that. Here at the Finance Weekly, we compiled a list of the five most read articles of 2022: 1) Cloud FP&A Software Solution Comparison – The Complete Guide.
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When it comes to cashflow visibility, under 4% of the 1,483 business leaders and finance and accounting executives from different countries report complete confidence, said Blackline recently. The post Cashflow visibility: Finance execs, C-suites report low confidence appeared first on FutureCFO.
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