Future CFO

NOVEMBER 15, 2023

Ervina Waty : Here are some key changes that CFOs might need to put in place: Enhanced Data Governance and Quality Control CFOs should implement stronger data governance practices to ensure the accuracy, consistency, and integrity of financial data.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Compliance 52

CFO Share

MAY 10, 2024

Although bookkeepers are not professional financial planners, they can use their intimate knowledge of your transactions to assist business cash flow management. Remember that bookkeepers are not CFOs – do not expect them to advise on general small business financial management strategies.

Forecasting 52

Forecasting Cash Flow Forecasting Invoicing Accounts Payable 52

Centage

DECEMBER 8, 2023

Financial management can be a significant challenge for multi-location medical facilities. As multi-site healthcare businesses grow and evolve, the demand for advanced financial planning and budgeting solutions shifts from being a “nice to have” to presenting a crucial need for attaining business objectives.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Healthcare Budgeting Leadership 52

The Finance Weekly

NOVEMBER 20, 2023

AI is , transforming the finance sector, especially in financial planning and analysis (FP&A). 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.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Cash Flow Forecasting Forecasting 52

Future CFO

APRIL 3, 2023

Drive efficiency with RPA Many companies have already made the first step to move their financial services operating systems to a cloud-based enterprise resource planning software or a software-as-a-service solution. Here’s how. On the other hand, companies that have not will likely see marked efficiency improvements.

Finance 96

Finance Forecasting CFO Leverage 96

https://trustedcfosolutions.com/feed/

MARCH 30, 2023

Less Stress Leads to More Success: Why a Faster Monthly Close Is Key Faster and more accurate closing cycles ensure your advisors, CFOs, and controllers have up-to-date financial data to base important decisions. Regularly reconcile accounts: Instead of waiting until the end of the month, reconcile your accounts regularly.

Leverage 62

Leverage Financial Data Accounting Communication 62

Future CFO

AUGUST 21, 2023

As a profession we have made significant progress over the years leveraging technology to streamline how we manage historical data and more recently, leveraging analytics on predicting outcomes. Fraud and waste : Use Machine Learning (ML) to detect fraudulent patterns.

Finance 98

Finance Compliance Data Analysis Leverage 98

Spreadym

JULY 21, 2023

Digital transformation in finance refers to the process of integrating digital technologies and innovations into all aspects of financial services and operations within a financial institution or organization. Data-driven decision-making enables more informed and precise financial strategies.

Finance 52

Finance Prioritization Compliance Leverage 52

The Finance Weekly

MARCH 5, 2024

Next, came a new solution, Datarails Connect , which leverages Excel's success to transform it into a kind of self-service BI solution, enabling finance professionals to become truly independent by connecting their entire data stack to Excel in a simple and self-service manner.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Leverage Cash Management 52

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. Rather than relying on open banking to unlock bank data, the company's open finance model unlocks data within other sources like eCommerce platforms or digital wallets.

Cash Flow Forecasting 123

Cash Flow Forecasting B2B Startups Financial Data 123

Future CFO

SEPTEMBER 21, 2023

However, as finance professionals, particularly those in the financial planning and analysis (FP&A) function, require more sophisticated analytical capabilities, Gartner says these teams will likely rethink their continued use of spreadsheets at least for use cases such as dashboard creation, reporting and modelling.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Planning Technology 98

Collectiv

JUNE 13, 2023

Solid processes around nonprofit data give you critical information to highlight unique aspects of your organization, boost morale, increase credibility, enhance transparency, and build community awareness to support your mission. Let’s look at three ways to leverage Power BI for nonprofits so you can use your data effectively.

Nonprofit 52

Nonprofit Leverage Budgeting Analyzing Data 52

Fpanda Club

SEPTEMBER 2, 2021

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.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

Centage

SEPTEMBER 11, 2023

Budget vs actuals analysis allows you to assess how well your organization is following its financial plans. It allows you to calculate variances, understand which variances are important, and improve your company’s financial performance. Gather the Data. We’ve laid the step-by-step process out below. Take Action.

Financial Planning and Analysis (FP&A) 105

Financial Planning and Analysis (FP&A) Budgeting Forecasting Performance Measuring 105

E78 Partners

AUGUST 15, 2023

In the dynamic landscape of modern business, Financial Planning and Analysis (FP&A) has evolved from a conventional accounting function to a strategic partner that steers organizations towards growth, profitability, and free cash flow.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Cash Flow Forecasting Financial Modeling Forecasting 52

The Finance Weekly

DECEMBER 22, 2022

In 2023, organizations may focus on investing in technology that addresses specific pain points and offers a clear return on investment, such as spend management or accounts payable, rather than broader, more comprehensive investments like enterprise resource planning platforms, according to Born. “I That is pervasive across all industries.”.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Accounts Payable Prioritization 98

Planful

AUGUST 31, 2016

Whether the cost of oil is increasing or the demand for products is on the decline, Finance teams need to be able to respond immediately to ensure their budgets and plans reflect these shifting circumstances. Instead, many organizations are adopting the budgeting and planning applications found in modern, cloud-based EPM software.

Budgeting 40

Budgeting Planning Forecasting Finance 40

PYMNTS

NOVEMBER 23, 2020

There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. Last week, the Department of Justice gave the green light to Mastercard’s $825 million acquisition of data aggregator Finicity.

Nonprofit 117

Nonprofit Banking Financial Data Education 117

Navigator SAP

FEBRUARY 17, 2022

Enterprise resource planning (ERP) systems are one way to keep up with ever-changing variables and to derive the insights that are critical to keep growing your business in uncertain times. Sales data related to customer visits, expenses, shipping, invoicing, forecasting, and competitor analysis are all available in one place.

SAP 130

SAP Invoicing Manufacturing Compliance 130

FISPAN

JANUARY 12, 2022

How FISPAN sees the importance of data and how to grow beyond the point of data aggregation. How data will be delivered and received from FISPAN and the third-party partners we work with. Financial institutions (FIs) are under pressure to drive innovation in financial data access for the commercial banking space.

Reconciliations 96

Reconciliations Banking Securities Leverage 96

Centage

JANUARY 10, 2024

If you’re a CFO at a company with an expanding footprint or an increasingly complex organizational structure, your job is to provide rigorous fiscal oversight across multiple units, preserving the integrity of their ledgers while ensuring accurate and insightful financial reporting.

Budgeting 52

Budgeting Financial Reporting CFO Finance 52

Collectiv

OCTOBER 17, 2022

No matter your industry, these financial planning and analysis reports are critical for anyone looking to make informed business decisions. Financial analysis reports in Power BI go beyond simple number-crunching. With Power BI’s tools, you’ll see how key pieces of financial data affect your business.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Financial Analysis Healthcare Budgeting 52

Collectiv

OCTOBER 17, 2022

No matter your industry, these financial planning and analysis reports are critical for anyone looking to make informed business decisions. Financial analysis reports in Power BI go beyond simple number-crunching. With Power BI’s tools, you’ll see how key pieces of financial data affect your business.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Financial Analysis Healthcare Budgeting 52

Michigan CFO

JUNE 7, 2023

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. What Do Virtual CFOs Do?

CFO 52

CFO Problem Solving Budgeting Communication 52

Future CFO

JANUARY 25, 2024

For planned cuts or pauses to investments, only select response options are shown. The challenge here is getting the balance right, requiring CFOs to leverage technology and rationalise the enterprise-wide IT landscape to avoid costly inefficiencies and duplication. Only comparable response options are shown.

CFO 94

CFO Finance Leadership Investments 94

Spreadym

OCTOBER 10, 2023

Variance reporting is a financial and management accounting process used to analyze the differences between budgeted or expected figures and actual performance results. These figures can be derived from annual budgets, forecasts, or other financial plans. Make sure the data is accurate and complete.

Budgeting 59

Budgeting Sales Financial Data Manufacturing 59

Future CFO

DECEMBER 8, 2022

An EY study reveals that up to 70% of financial controllers and CFOs in Singapore found an increase in demand for financial analysis and forecasts as stakeholders are increasingly interested in including non-financial data for corporate reporting. Businesses are really seeking ways to harness data to leverage their data.

Finance 98

Finance CFO Forecasting Leadership 98

The Finance Weekly

DECEMBER 30, 2021

Large companies are firmly embracing robotic process automation (RPA), leveraging sophisticated data analytics and visualization tools, and exploring the use of blockchain and other new technologies. For many SMEs, the cost of investing in and maintaining their enterprise resource planning (ERP) system is high.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Technology CFO Leverage 52

The Finance Weekly

FEBRUARY 8, 2023

Cagwin joined the company in July 2022 as the head of financial planning and analysis and was later appointed interim CFO. Prior to joining Western Union, he was CFO at First Data (now Fiserv) and Vice President of European Controller and Strategic Initiatives at Coca-Cola.

CFO 52

CFO Prioritization Finance Communication 52

Future CFO

JULY 7, 2021

Where they identify gaps, leaders should work with their teams to align these characteristics to their existing strategy and develop a tactical plan to close the gaps identified. Leveraging a scrum approach, teams might begin with a full-year plan, but treat that plan as a true estimate.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Auditing Accounting 52

PYMNTS

NOVEMBER 29, 2018

Despite any possible reservations early on, large financial institutions (FIs) now appear to be going all in on Open Banking, with plans to introduce new revenue streams as a a result. 28), found that the vast majority of large FIs (90 percent) plan to introduce Open Banking services for their commercial clients.

Banking 56

Banking Financial Data Investments Cash Management 56

Centage

SEPTEMBER 13, 2022

There is some risk to using past performance to inform your long-term plans, and this can be compounded during times of economic uncertainty. Your company needs to make plans for the future. What Is Financial Forecasting? Your budget is a roadmap of your business’s financial goals and how you plan to reach them.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Planning Forecasting Profit and Loss 98

PYMNTS

DECEMBER 1, 2020

APIs and accounts payable (AP)/accounts receivable (AR) automation are revving up the speed of money and financial data to a pace more in line with pandemic-era market demands. Departments are working fast to fix this, however, with 88 percent of respondents saying they plan to deploy automations by 2021,” the guide states.

Treasury 64

Treasury Accounts Payable B2B Invoicing 64

PYMNTS

MAY 21, 2018

Industry professionals using the Eventbrite solution, which facilitates ticketing for event creators, will have access to capital throughout the stages of event planning. Fundbox underwrites financing using financial data of customers using Eventbrite, including sales history.

Finance 46

Finance Invoicing Entertainment Leverage 46

Spreadym

NOVEMBER 16, 2023

The best Financial Planning and Analysis (FP&A) software typically offers a range of features designed to help organizations effectively manage their financial performance. Users can input data, make adjustments, and project future financial scenarios.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Planning Budgeting Financial Modeling 59

The Finance Weekly

OCTOBER 21, 2021

To further illustrate this development: In a recent global survey by CFO Research and Globalization Partners, 81% of CFOs stated their company’s long-term growth strategy includes international expansion, either which are currently ongoing, or in their future plans.

Corporate Finance 97

Corporate Finance Finance Concentration CFO 97

Adam Kae

AUGUST 18, 2023

Financial Insights for Growth Leveraging Data: Turning Financial Information into Actionable Insights It's time to dive into the treasure trove of data. Think of financial data as clues left behind by those who've journeyed these waters before. Strategic planning is your compass.

CFO 52

CFO Communication Strategic Planning Education 52