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Mastering Cash Flow Management: Ensuring Liquidity for SMB Success

CFO Network

SMBs should prioritize timely payment of invoices to maintain positive relationships with suppliers while taking advantage of any available discounts for early payment. This may involve negotiating extended payment terms with vendors, securing additional financing, or implementing cost-saving measures to improve cash flow.

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Digital Transformation in Finance: How to Drive the Process

Spreadym

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
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Leading the Way: 5 Tips for January’s New CFOs

The Finance Weekly

To stay ahead of the curve, CFOs must , embrace technology and invest in digital transformation initiatives that drive innovation and efficiency in financial management. This includes utilizing cloud-based solutions, automating manual processes, and implementing real-time analytics tools to gain deeper insights into financial data.

CFO 52
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3 Corporate Governance Issues and How To Overcome Them

Planful

From there, you can decide how to leverage your financial acumen and recommend the best way forward. A cloud-based system for financial planning and analysis (FP&A) can have governance built in its deployment model by IT teams. What value are we getting from our investment in a secure technology?

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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

PYMNTS

Businesses also prioritize having up-to-date financial status data that will enable them to carefully oversee liquidity across all their various bank accounts and to make accurate decisions. Carter noted that payroll transactions sent to prepaid cards or digital wallets are often secured via tokenization — a desirable feature.

B2B 59
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2022 Best-Of Highlights From The Nerd’s Eye View Blog

CFO News Room

stocks (which have a lengthy track record of outperforming inflation over long time horizons) and Treasury Inflation-Protected Securities (TIPS). Furthermore, technological tools are emerging that can help reduce some of the time and resource burden on firm owners to track and analyze their financial data.

Planning 130
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An Open Road For Open Banking?

PYMNTS

there are indications that the opening of data flows between financial services companies has led to strong innovation (and demand for that innovation), and more regulation may loom. The mechanic of digital conduits, and the consent, open the door to digitization and data aggregation, simplifying and streamlining daily financial life.

Banking 114