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Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

This follow-up article delves into how CFOs can effectively manage their diverse responsibilities, from prioritizing tasks to fostering innovation and leading their companies through transformational change. Building Flexible Financial Models: The ability to quickly adapt to changes is a competitive advantage.

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The BP&B Health Check: Your Roadmap to Financial & Operational Excellence

E78 Partners

Resource Allocation & Prioritization : Evaluate if resources are optimized and aligned with strategic imperatives. FP&A’s Impact on BP&B : Analyze the integration of the Financial Planning & Analysis (FP&A) team with departmental leaders for comprehensive insights.

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What-if analysis or why is it important for good financial planning software?

Spreadym

By varying one variable at a time while keeping others constant, you can assess the sensitivity of financial models or forecasts to changes in that specific variable. This analysis provides insights into which factors have the most significant impact on your financial results and helps you prioritize your focus.

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3 FP&A solutions that won big in the 2022 Comparably awards

The Finance Weekly

3) Best Work- Life balance “With the rise of ‘quiet quitting’ due to post-pandemic burnout, more companies are permanently adopting a remote/hybrid work model or expanding their time off policies. Vena came in at number 63 out of 100 companies. Vena ranked #54. Workday ranked #57. Summary of the 3 FP&A solutions Datarails.

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Budget vs Actuals: The Key to Measuring Business Performance  

Centage

You must prioritize the ones that have the most significant impact on your business. Scenario Planning Proactively prepare for different future scenarios by using your financial variances to conduct scenario planning. This process involves financial modeling of different outcomes based on various assumptions.

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What is Financial Planning and Analysis (FP&A)?

Spreadym

By providing financial insights and analysis, they assist in evaluating investment opportunities, assessing the financial impact of strategic initiatives, and developing long-term financial plans. Resource Allocation: Financial Planning and Analysis helps organizations allocate their resources effectively.

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Top 8 AI Uses in Finance Embraced by FP&A Leaders

The Finance Weekly

These tools examine factors such as market changes, regulations, and credit risks to pinpoint potential threats to financial performance. Machine learning models can analyze expense data, recognize patterns, and offer insights to help FP&A leaders enhance their expense management procedures.