FASB studies AI use in financial data analysis
CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
Financial Data Related Topics 
Poshmark Experiences Non-Financial Data Breach
PYMNTS
AUGUST 2, 2019
In a recently reported data breach, Poshmark said it recently learned that an unauthorized third party acquired data from some users. The fashion marketplace company said the information does not include physical addresses or financial data, according to a web post.
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Consumer Financial Protection Bureau Seeks Advice On Financial Data Access
PYMNTS
JULY 26, 2020
The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.
PodChats for FutureCFO: Bridging the confidence gap in financial data
Future CFO
FEBRUARY 15, 2021
According to Terry Smagh , senior vice president & general manager, Asia Pacific & Japan, BlackLine, the company undertook the study is to understand and recognise the critical role that financial data plays in informing businesses about strategy and continuity, the poor visibility if any, and the lack of real-time access to data.
AI scales up fraud controls, but humans still vital
CFO Dive
MARCH 26, 2024
AI analytics technology is turbocharging anti-fraud measures through its ability to process oceans of financial data.
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Technology Safeguarding The Age-Old Practice Of Financial Data Sharing
PYMNTS
APRIL 7, 2017
The approach to financial services for consumers and businesses is quite vast, but across the spectrum, access to and management of financial data is a critical component. Finicity , a company built for financial data aggregation, is jumping into the conversation.
How AI is raising the bar for CFO budget planning
CFO Dive
DECEMBER 12, 2023
AI can analyze vast amounts of financial data to predict trends, model budget scenarios, and deliver insights, writes Falconi’s Bernardo Miranda.
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Financial Data Analytics Firm MX Lands $100M Investment
PYMNTS
JUNE 26, 2019
The funding comes as MX continues to build out its data solutions for financial institutions after initially launching in 2010 as a company offering banks a personal financial management solution they could provide to customers.
Sage Enhances Financial Data Integrations With Cleo
PYMNTS
MARCH 14, 2019
Cleo said in a press release this week that it will pair its integration-Platform-as-a-Service (iPaaS), Cleo Integration Cloud, with Sage’s Intacct tool, a cloud-based financial management solution for corporates.
Bank, finance leaders brace for rate volatility
CFO Dive
MARCH 7, 2023
The majority of leaders at financial institutions say interest rates will drive business model guidance this year but few are leveraging financial data to support these changes.
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CFO, CIO relationship key to optimize tech spend
CFO Dive
FEBRUARY 21, 2023
Nearly half of execs expect cyber attacks on financial data to increase in 2023, but the majority of finance leaders don't have consistent communication with their CIO to mitigate this risk.
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Regulators Call For ‘Vigilant Monitoring’ Of Big Tech’s Financial Data Use
PYMNTS
DECEMBER 8, 2019
As a way to prevent unfair competition, the Financial Stability Board (FSB) said in a report on Sunday (Dec. 8) that there should be “vigilant monitoring” of Big Tech’s move into financial services. Firms like Google, Alibaba and Facebook could be forced to share data with banks and FinTech firms.
Theranos Sued On Allegations Of Misleading Tests, Financial Data
PYMNTS
APRIL 25, 2017
The Wall Street Journal reported last week that one of the company’s investors filed suit, alleging that the company misled directors about its testing procedures, deceived investors about financial outlooks and also set up “shell” operations in order to secretly buy laboratory equipment.
How Tech Can Help Uncover The Story Behind Financial Data
PYMNTS
JULY 5, 2017
For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy.
The Financial Data Goldmine Of Order-To-Cash
PYMNTS
OCTOBER 13, 2017
Order-to-cash is an area of cash flow management that has the potential to significantly enhance a business’s financial performance.
The CFPB Takes A Closer Look A Consumer Choices In Financial Data Sharing
PYMNTS
NOVEMBER 17, 2016
The CFPB is taking a closer look at consumers and the relationship to their financial records — specifically the issues they face in accessing, using, and securely sharing their financial records.
What Is the Best ERP System for Manufacturing?
Navigator SAP
AUGUST 19, 2022
One of the main success factors for modern enterprises is having access to real-time financial data. This can only be achieved through streamlining the process of collecting, managing, and sharing data in your organization.
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Accelerate Research With The Right ERP for Research Organizations
Navigator SAP
MARCH 27, 2023
Fortunately, new and innovative technologies provide businesses with cutting-edge tools designed to accelerate, track and support their research processes and provide them with accurate project and financial data that they can use to improve their daily operations.
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Cashflow visibility: Finance execs, C-suites report low confidence
Future CFO
NOVEMBER 17, 2022
With external pressures that are hard to predict, real-time visibility over financial data, processes and working capital will be key to survival, leading to greater pressure on CFOs and those who report into them, according to the research.
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96 Financial Planning & Analysis
Boston Startup CFO
APRIL 12, 2024
Through meticulous analysis of your historical financial data and current business operations, we will develop accurate and reliable cash flow projections, enabling you to make informed decisions, anticipate potential cash shortfalls, and implement effective strategies to maintain optimal liquidity and financial stability for your business.
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The evolution of accounting
Future CFO
JANUARY 22, 2024
Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing. Real-time Data Insights The advent of cloud-based accounting solutions has turned real-time financial data availability into a reality for businesses of all sizes.
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Embracing the future: The rise of autonomous finance in organizations
Jedox Finance
JANUARY 19, 2024
Autonomous finance is increasingly permeating all aspects of financial management by optimizing and streamlining financial data gathering and analysis. Coined by industry analyst Gartner, autonomous finance refers to self-learning software agents that automate business operations and corporate finances.
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Nonprofit Leadership: Using Data for Better Decision-Making
The Charity CFO
MARCH 22, 2024
Types of Data for Nonprofits The types of data a nonprofit might use for decision-making can vary between organizations. Most nonprofits will use at least one of three types of data: Financial data: Financial data includes any data relating to the finances of the organization, such as revenue or expense data.
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How to Implement an ERP Solution at Your Startup
Navigator SAP
MARCH 4, 2022
Some businesses only need operational support that streamlines financial data and processes. Most ERP systems can integrate all your operating and tax information to automate business processes, but you should ensure the solution aligns properly with the legal structure of your business.
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Top 8 AI Uses in Finance Embraced by FP&A Leaders
The Finance Weekly
NOVEMBER 20, 2023
AI integration in their FP&A function brings various positive outcomes: AI algorithms boost efficiency by swiftly handling large amounts of financial data, reducing the , risk of errors , and enhancing data integrity. Advanced AI solutions offer real-time analysis during data entry.
Planful alternatives: Choosing the right FP&A solution
Cube Software
DECEMBER 3, 2023
Understanding Planful: strengths and limitations Planful is a provider of cloud-based financial planning software that allows FP&A teams to analyze their financial data and create more insightful forecasts and reports.
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How Open Banking Benefits Customers
FISPAN
APRIL 13, 2022
Financial data is one of the most valuable commodities in the world, and consumers have the right to control who gets access to it. Through customer-permissioned data sharing, central interfaces and the emergence of the consumer data right, consumers are the main beneficiaries of Open Banking.
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RBI supersedes Abhudaya Co-operative Bank Board
CFO News
NOVEMBER 24, 2023
“ The bank has been showing some financial stress for some time. A long term analysis of financial data shows that profits started falling steeply from 2016 onwards. One of the indicators is fall in profits” said a consultant to cooperative banks requesting anonymity.
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Managing Your Accounts Payable: A Guide for Small Business Owners
https://trustedcfosolutions.com/feed/
MARCH 22, 2023
You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere. Sage Intacct provides centralized access to all your financial data, from bills and payment status to approvals and audit trails, so you can be sure your financial statements are accurate.
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How to Find the Best FP&A Candidates for Your Team
Spreadym
OCTOBER 3, 2023
Budgeting and Forecasting: They have experience in creating and managing budgets, as well as forecasting financial performance based on historical data and future expectations. Strategic Thinking: FP&A candidates align financial goals with the company's strategic objectives, contributing to long-term planning and decision-making.
Streamlining financial operations: Singapore optimistic towards AI
Future CFO
DECEMBER 20, 2023
The most commonly identified in Singapore, and globally, is training AI models to understand and interpret complex financial data accurately (41%). Trusting the outputs of AI (34%) and ensuring robust governance frameworks to stop the potential misuse of AI (34%), were also key concerns.
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IPO-bound Tata Play slips into net loss of Rs 105 crore
CFO News
JULY 9, 2023
As per the financial data accessed by Tofler, the direct-to-home (DTH) company's revenue from operations for the fiscal year dropped 5.1% to ₹4,499 crore from ₹4,741 crore a year ago. Total expenses increased by a percentage point to ₹4,691 crore from ₹4,642 crore.
SEBI's new ESG regulations pose challenges for top firms
CFO News
JULY 23, 2023
Top Indian companies are facing challenges due to the capital-markets regulator's new Environmental, social and governance (ESG) rules as they struggle to collate non-financial data dispersed across various internal systems, evaluate the impact of disclosing private data on sensitive governance issues, and start dealing with the complexity of capturing (..)
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The future of sustainability reporting in the finance function
Future CFO
FEBRUARY 1, 2024
"It is absolutely critical businesses implement an accounting and reporting system for their ESG data that is as auditable, transparent, and reliable as their financial data accounting," Hasenoehrl says, "2024 is the year we have to start treating enterprise carbon data the same way we treat financial data."
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Your guide to financial forecasting essentials (for 2023)
Cube Software
MAY 1, 2023
What is financial forecasting? Financial forecasting is a specific process where businesses take financial data from the past, apply it to the current business environment, and aim to make predictions about a company’s future financial outcomes.
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Traditional FIs Drive Modernization Through FinTech Pairings
PYMNTS
DECEMBER 29, 2020
Consumer Bank Chief Digital Officer Mike Naggar said the FI aims to provide customers "a choice, convenience and control of their financial data. WEX Talks Bank Partnerships To Advance B2B Payments. The company is focusing on users that may be underbanked, lacking traditional bank accounts.
NetSuite and Cube: how integrating your ERP and FP&A systems unlocks productivity
Cube Software
AUGUST 29, 2023
The GL serves as the cornerstone for all financial reporting and procedures, establishing the framework for financial data management. It offers a wide range of functionality, including accounting support, customer relationship management (CRM), financial software, inventory management, order management, and more.
Citigroup, Manchester United, Nordstrom, Tesla and more
CFO News Room
NOVEMBER 23, 2022
after Citigroup was told it must address weaknesses in its management of financial data by U.S. Check out the companies making headlines in midday trading Wednesday: Citigroup — The stock dropped 2.3% banking regulators.
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Frances Lawrence, CFO, FISCAL Technologies
CFO News Room
DECEMBER 2, 2022
I really enjoy presenting financial data in a way that’s easy for someone without a financial background to understand and explaining things in laymen’s terms.” . Likewise, presenting financial data at board meetings needs to be a lot more detailed and technical. . “I
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SaaS Finance and SaaS FP&A: 5 Key Financial Metrics
Lime Light
AUGUST 14, 2023
This unique position requires a specified approach to SaaS finance and the analysis of its financial data. Set to reach nearly $600 billion , the SaaS industry is poised to dominate markets for years to come, expected to account for 85% of all business apps by 2025.
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SaaS Finance and SaaS FP&A: 5 Key Financial Metrics
Lime Light
AUGUST 14, 2023
This unique position requires a specified approach to SaaS finance and the analysis of its financial data. Set to reach nearly $600 billion , the SaaS industry is poised to dominate markets for years to come, expected to account for 85% of all business apps by 2025.
Finance 52
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I-T dept's survey on BBC's Mumbai & Delhi offices continues for second straight day
CFO News
FEBRUARY 14, 2023
The Income Tax department survey operation against BBC India continued for the second consecutive day with the sleuths understood to be making copies of electronic and paper-based financial data of the organisation, officials said Wednesday.
How to Create Financial Reporting Dashboard for CFO
Spreadym
AUGUST 17, 2023
A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. This allows for a personalized view of the financial data. Organize the dashboard into sections or tabs for different financial areas (e.g.,
Accounting Best Practices—5 Mistakes That Hinder Growth
CFO Share
NOVEMBER 18, 2023
Delayed Month Close: The Pitfall of Outdated Information Mistake : Allowing late publication of monthly financial statements. Impact : Late financials are outdated news—stale data that slows decision-making. Solution : Accounting best practices require financials to close by the 15 th each month.
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