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Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

They play a crucial role in strategic planning, risk management, and driving innovation, extending their influence far beyond the finance department. By embracing their expanded role, CFOs can not only safeguard their companies’ financial health but also chart a course for long-term success and resilience.

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

Spreadym

You can analyze the potential returns and risks associated with different investment options by adjusting variables such as interest rates, market conditions, or investment durations. Risk Management: What-if analysis is also useful in risk management.

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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

Risk and Expenses Management AI-driven , tools for risk management empower FP&A leaders to evaluate and address risks more efficiently. These tools examine factors such as market changes, regulations, and credit risks to pinpoint potential threats to financial performance.

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A Buyer’s Guide for the Top 10 FP&A Software 2022

The Finance Weekly

FP&A teams are responsible for a variety of activities, including periodic financial close and consolidations, strategic and annual planning, monthly forecasting, cash flow forecasting, financial reporting, financial modeling, and what-if scenario planning and analysis. Risk Management.

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How To Accelerate Client Growth As An Advice-Only Firm

CFO News Room

Mindy: I mean, a lot of times they’ll say stuff like, “Time to prioritize this.” And I get many more questions about implementation than I do maintaining a financial model. College planning, retirement planning, investment planning, risk management planning, long-term disability, life insurance.

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