article thumbnail

The evolution of accounting

Future CFO

The accounting industry is undergoing profound transformation due to rapid technological advancements across all sectors in the market. Modern accounting software integrates seamlessly with diverse financial systems, automating tasks such as data entry, bank reconciliation, and invoice processing.

article thumbnail

What is a Virtual CFO? A Guide for Businesses

Michigan CFO

Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. CFOs play a pivotal role in strategic decision-making, ensuring the financial health and stability of the business. Frequently Asked Questions What do virtual CFOs do?

CFO 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Digital acceleration to drive finance leadership in 2022

Future CFO

This could involve investing in tools and technologies that help their F&A employees execute work tasks and better manage their time, whether it be automation for repetitive, time-consuming tasks, or collaboration tools that help teams find more productive and enjoyable ways to connect.

article thumbnail

Understanding and driving finance transformation in 2023

Future CFO

Deloitte FutureCFO spoke to Mike Polaha , senior vice president for finance solutions and technology at BlackLine , for his take on how CFOs and other finance leaders can improve the odds of successful transformation. Digital technologies aid in managing the workload of existing employees by relieving the burden of repetitive backend work.

Finance 52
article thumbnail

Why The Paper Deluge Doesn't End With Digitization

PYMNTS

According to Woods, organizations and their finance teams must be strategic about how they reduce their reliance on physical paper and invest in the technologies that can optimize document management without adding any extra pain. Technology Plays Catch-Up. A (Digital) Document Deluge.

article thumbnail

Change Management: The Modern CFO’s Blueprint 

CFO Talks

Regularly updating this list keeps the agenda relevant and front of mind across the organization. Identifying Strategic Priorities The process begins with a thorough analysis of the current financial landscape and an evaluation of emerging technologies, like AI, that can significantly enhance operational efficiencies.

CFO 52
article thumbnail

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

Spreadym

This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. By maintaining accurate financial records, conducting financial analysis, and preparing financial statements, organizations can meet regulatory obligations and avoid penalties or legal issues.