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The future of sustainability reporting in the finance function

Future CFO

According to Susanna Hasenoehrl , head of sustainability for Asia Pacific & Japan at enterprise application software company SAP , sustainability can no longer be considered separately to the finance function because it is increasingly clear that sustainability performance is fundamentally linked to business performance.

Finance 52
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The Changing Role of CFOs in a Technology-Driven World

Bramasol

They are expected to provide financial leadership and insight into the organization's strategic direction. This involves not just managing financial data but also interpreting it to guide decision-making. The first is the Financial Accounting Standards Board (FASB) in the United States.

IFRS 97
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The 5 Best Corporate Performance Management Software

Spreadym

SAP Business Planning and Consolidation (BPC): SAP BPC is part of the SAP ecosystem and offers comprehensive financial planning and consolidation capabilities. It integrates with other SAP solutions and has strong reporting and analytics features. Integrated data enables comprehensive analysis and reporting.

SAP 59
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How to Find the Best FP&A Candidates for Your Team

Spreadym

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.

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Navigating the EPM labyrinth: A guide for modern finance leaders

Future CFO

Additionally, CFOs are now required to oversee compliance beyond traditional financial reporting, which extends to new areas such as ESG," Chee adds. One major benefit is that EPM can act as a central hub, consolidating financial and non-financial data from diverse sources into a single source of truth.

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ExecOpinion: Finance transformation: Strategies in 2023

Future CFO

Gartner says finance transformation encompasses strategic initiatives designed to revolutionise the way the corporate finance function manages its strategy, processes, internal controls, and financial reporting. Gartner Gartner research finds that 85% of finance teams today are in the middle of a finance transformation initiative.

Finance 91
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The best software for financial close and overview of the process

Spreadym

Post-Close Activities: After the books are closed, post-close activities may include archiving financial records, preparing management reports and analysis, conducting financial reviews, and initiating the next period's accounting processes.