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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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.
Boston Startup CFO
APRIL 12, 2024
13-week Cash Flow Forecasting We offer a comprehensive and forward-looking approach to cash planning. 13-week Cash Flow Forecasting We offer a comprehensive and forward-looking approach to cash planning. Dashboard Reporting We can provide clear and actionable insights into your financial data.
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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.
The Finance Weekly
AUGUST 27, 2023
Planful and Datarails are two of the leading FP&A solutions in 2023. Planful is an FP&A solution that was built for large companies and enterprises. Planful has a great AI feature called Planful Predict and it is a big selling point in 2023.
CFO Simplified
MARCH 27, 2022
This, however, does not necessarily mean that strategic planning is off the table. A proactive way for business owners to mitigate their risk is through contingency planning. So, what is contingency planning, and what is a CFO’s role in creating this strategy? What is Contingency Planning? What alternatives are available?
Centage
OCTOBER 17, 2022
As you start your financial planning for 2023 and beyond, follow these steps to solidify your three-year strategic plan and boost the odds of achieving your business’ goals. If you want to forecast your financial future, start by looking back at past performance. Financial planning comes with numerous challenges.
Future CFO
FEBRUARY 15, 2021
The report noted that 43% of respondents to the study say their organisations have become more focused on scenario planning and stress testing as a result of the pandemic. We should start implementing and scaling automation to help increase the accuracy and reliability of financial data. Thinking automation is passe. “We
Nerd's Eye View
NOVEMBER 29, 2023
The traditional way that most financial planning has been offered was for an advisor to create "The Plan": a comprehensive document outlining a client's financial strategy that was delivered either on a one-time basis or updated annually.
Spreadym
APRIL 27, 2023
Implementing automation systems for financial planning and analytics (or simply FP&A software) rarely brings direct benefits that could easily be demonstrated to a client. However, they exist, but don’t look so obvious as in case with CRM or Sales and operational planning systems (also we name them S&OP software).
Spreadym
JUNE 27, 2023
What is Financial Planning and Analysis or FP&A? FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. What is Financial Planning and Analysis? Why Financial Planning and Analysis (FP&A) is important?
Collectiv
AUGUST 18, 2022
To succeed in a highly competitive business landscape, enterprises need a robust financial planning and forecasting strategy. Why Planning and Forecasting are Critical for Enterprises. Financial planning and forecasting go far beyond just day-to-day budgeting.
Centage
DECEMBER 7, 2022
The Planning Maestro App for QuickBooks Online Advanced provides a two-way sync of financial data between QuickBooks Online Advanced and Planning Maestro, resulting in improved efficiency, fewer manual processes, and greater confidence in data quality and integrity. Seamless Integration. Automate Key Reports.
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. Caldwell did not give specifics but said the company has been profitable for about two years.
Centage
OCTOBER 17, 2022
As you start your financial planning for 2023 and beyond, follow these steps to solidify your three-year strategic plan and boost the odds of achieving your business’ goals. If you want to forecast your financial future, start by looking back at past performance. Financial planning comes with numerous challenges.
PYMNTS
JANUARY 14, 2021
The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Saudi Arabia’s central bank said the plan is for open banking to go live in the first half of 2022.
Spreadym
JUNE 8, 2023
Planning, budgeting and forecasting for a business are three distinct financial management tools used in business, each serving a different purpose. Key differences between planning, budgeting and forecasting for a business Here are key difference between planning, budgeting and forecasting for a business.
The Finance Weekly
MAY 25, 2022
Planning, Budgeting, Forecasting. A company’s plan, budget, and forecast are usually talked about all together, whether it be in the boardroom, in a company goal-setting sheet, or in general talk about FP&A. Financial Planning. A financial plan is an overview of the financial direction and vision of the organization.
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.
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.
Future CFO
MAY 6, 2024
According to a joint survey by ACCA, IFAC and PwC , almost half of senior professional accountants globally admit that their organisation has yet to produce a plan for reducing its carbon emissions, with nearly 70% of those without an emissions plan saying their organisation has no intention of developing one.
Jedox Finance
FEBRUARY 20, 2020
In our previous blog post “ Proven AI solutions for modern planning “, we shared detailed insights from Dr. Rolf Gegenmantel, our Chief Marketing & Product Officer, into data management and data integration as a basis for advanced analytics and automated sales forecasts at Mitsui Chemicals Europe.
PYMNTS
APRIL 25, 2017
As had been reported last month, the company has plans in the works to offer investors shares, or additional equity, if they promise not to sue Theranos. Partner Fund is a hedge fund that is suing the once-hot Silicon Valley health care tech firm in the wake of a $96 million investment stemming from 2014. .
PYMNTS
JULY 5, 2017
“They invest heavily in corporate performance management solutions to consolidate their financials and corporate plans, but still send out Excel sheets and PowerPoint slides to senior management and other stakeholders.” . “Companies still rely too much on Excel for reporting,” Born explained.
Future CFO
AUGUST 23, 2019
The days of manual, spreadsheet-based budgeting, planning and forecasting processes are numbered.
Spreadym
OCTOBER 3, 2023
Financial Planning and Analysis (FP&A) candidates are professionals who specialize in financial planning, budgeting, forecasting, and analysis within an organization. They play a critical role in helping companies make informed financial decisions and allocate resources effectively.
Navigator SAP
MARCH 4, 2022
Implementing an enterprise resource planning (ERP) system has become a matter of survival for startups that want to scale fast or involve complex manufacturing operations, as the process efficiencies and data transparency ERP delivers can make or break such businesses.
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.
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.
PYMNTS
JANUARY 29, 2019
Uplift also sees a higher conversion rate of consumers who use the financing tool as a calculator throughout the planning process, and they are still more likely to book the trip even when they end up deciding to pay in full at the end. That higher conversion rate, he noted, expands past customers who make use of the financing.
PYMNTS
APRIL 2, 2020
Fraud perpetrated against customers’ personal and financial data is a major challenge for all FIs, and the industry’s digital push into mobile banking is opening up new channels for both customer interactions and cybercriminals. CUs need to ensure that their operations are secured if they want to maintain member loyalty.
Future CFO
JANUARY 14, 2024
Trusting the cloud to manage financial data and reporting can be a game-changer for financial planning and analysis. Financial performance management platform Planful enumerated the benefits that cloud finance solution can bring to the table: Cost savings and predictability. Scalability. Integrations.
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.
CFO Plans
MAY 2, 2024
Regular meetings, clear reporting, and a dedicated point of contact will ensure that you stay informed and aligned with your financial goals. Evaluating Security and Compliance When it comes to financial data, security and compliance are non-negotiable. Selecting the right accounting partner is a critical decision for any CFO.
Spreadym
APRIL 27, 2023
Financial analysis and planning (or FA&P) software is a type of business software that helps companies manage their finances and operational activity by analyzing financial data and providing tools to plan, forecast and make budgets for efficient business growth.
CFO News Room
DECEMBER 2, 2022
With a solid starting position and a reliable financial history, Frances was then able to build out a three-year financial plan including the most appropriate SaaS KPIs, for example, annual recurring revenue and net revenue retention, enabling FISCAL to pitch to potential investors. I had to really believe in them.”.
Jedox Finance
SEPTEMBER 29, 2021
While that wouldn’t make much sense these days, think about revenue planning, data, and processes. Sales Performance Management (SPM) is a unified approach to analyze, plan, and optimize sales processes withing an organization. In this eBook about 360° Planning you can learn more about the shift to xP&A.
Nerd's Eye View
JULY 24, 2023
For example, in the financial planning context, it can be difficult for those who have not worked with clients to understand the challenges in gathering needed financial data from them.
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.
Centage
NOVEMBER 1, 2023
Financial planning is a crucial part of sustaining and growing your business. And financial management doesn’t stop once the annual budget is approved. Financial statements allow the business to periodically reflect on how the business is doing in relation to its plan. This is the budget vs actual statement.
Centage
JUNE 28, 2023
When it comes to automation, what’s particularly beneficial is the way technology can automate how financial data flows through models and forecasts, freeing financial teams from the manual labor of attempting to create forecasts via spreadsheets. Accurate measurements also allow businesses to engage in scenario modeling.
PYMNTS
MARCH 4, 2020
The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift. Modernizing the ERP.
Future CFO
NOVEMBER 8, 2023
For companies starting out in the business, some resort to hiring fractional chief financial officers to share their expertise in finance, strategic planning, and other CFO-related activities. Instead of a slew of spreadsheets, they present data in pictures and trending lines so you see how your business is doing.
Centage
DECEMBER 15, 2022
Often, CFOs and executive teams put together a plan that represents a snapshot of what they believe will happen, based on the best data they have available at the time. But what happens when actuals differ from plan, either positively or negatively, as they most certainly will? a 4 + 8 comparison).
CFO Network
MARCH 11, 2024
Implementing robust accounts payable systems, setting up payment schedules, and monitoring cash flow projections can help SMBs stay on top of their financial obligations and avoid liquidity problems. Forecasting for Financial Resilience Forecasting and planning are essential components of effective cash flow management for SMBs.
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