Adam Kae

JULY 17, 2023

As a Chief Financial Officer (AKA ChiefFUNancial Officer) for digital marketing agencies, CFOAdam plays a vital role in ensuring the financial health and growth of your organization. In this blog post, we will explore key financial strategies that can help you effectively scale your agency and drive long-term success.

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CFO Talks

MARCH 14, 2024

The position of Chief Financial Officer has evolved significantly over the past few decades. No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making.

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Prioritization CFO Leverage Risk Management 52

Collectiv

JUNE 13, 2023

Let’s look at three ways to leverage Power BI for nonprofits so you can use your data effectively. When any organization leverages data, it must be reliable. As a result, you can be confident that the data you’re sharing with your community or leveraging to create change is as accurate as possible.

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The Charity CFO

MARCH 22, 2024

Leveraging data for strategic decision-making has many benefits–from improving your efficiency to increasing the success rate of campaigns or strategies. Leveraging Data in Nonprofit Leadership How can you use data effectively as a nonprofit leader? Check out these tips for leveraging data as a nonprofit leader.

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CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. McKinsey asserts that generative AI will “unleash the next wave of productivity” for businesses and their teams.

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Lime Light

AUGUST 14, 2023

Performance predictability involves mastering the basics of planning, forecasting and budgeting, through streamlined and standardized automation of financial processes. Here are the top 5 benefits manufacturers can expect from Cloud FP&A softwar e , and how they can leverage its power to better plan, manage, and control outcomes.

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Lime Light

AUGUST 14, 2023

Performance predictability involves mastering the basics of planning, forecasting and budgeting, through streamlined and standardized automation of financial processes. Here are the top 5 benefits manufacturers can expect from Cloud FP&A softwar e , and how they can leverage its power to better plan, manage, and control outcomes.

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Spreadym

JUNE 27, 2023

FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making.

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PYMNTS

JUNE 11, 2020

In the near term, corporates are looking to mitigate the negative impacts stemming from the global pandemic; in the longer-term, they’re seeking reliable forecasts to plan for a future in a market in which certainty remains painfully low. “All of this has come into play in the last couple of months.” ”

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The Finance Weekly

FEBRUARY 21, 2024

This approach not only revolutionizes financial processes like reporting, budgeting, and forecasting but also significantly reduces the IT department's workload. This feature addresses one of the biggest challenges in financial reporting and analysis: the siloed nature of data across different platforms.

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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.

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Centage

NOVEMBER 22, 2023

This not only hampers efficiency but also poses a significant risk to the accuracy of financial reporting. These tools aim to streamline the consolidation process, offering features such as automated data integration, real-time access to financial data, and the ability to generate consolidated reports efficiently.

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Michigan CFO

JUNE 7, 2023

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. What Do Virtual CFOs Do?

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CFO Talks

MARCH 19, 2024

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. Measuring Progress Finally, establishing clear metrics to measure the success of the finance agenda is essential.

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The Charity CFO

JANUARY 30, 2024

It could also help make long-term nonprofit financial forecasting easier for your accounting team. One of the biggest things to think about when considering a merger is your organization’s financial and tax status. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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E78 Partners

NOVEMBER 2, 2023

For starters, PE investors demand a level of rigor, insightfulness, and timeliness around financial reporting and KPIs at a higher level of sophistication than the organization is used to. Leverage Due Diligence Process Reports. and how the order to cash cycle works.

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The Charity CFO

JUNE 7, 2023

It enables financial analysis to identify cost-saving opportunities, manage expenses, and ensure efficient resource allocation. Strategic Uses Financial Planning : Provides insights into the financial health of the organization. Financial Reporting : Provides a comprehensive view of the organization’s expenses.

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CFO Talks

JUNE 7, 2022

The Steward must ensure company compliance with financial reporting and control requirements. Competencies include: Working knowledge of risk management, budget, and forecasting tools. Steward Role & Competencies: Accounting, control, risk management and asset preservation are the proficiencies of the Steward.

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Planful

FEBRUARY 24, 2016

CFOs need to embrace integrated financial planning, while leveraging emerging technologies into the planning process. With the help of technology, businesses can speed up the budgeting cycle, free up resources, create up-to-date forecasts, and reduce the potential for error. Utilizing Dynamic Forecasting.

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The Finance Weekly

JANUARY 31, 2022

Activity-based costing can be used to calculate the cost of each activity for budgeting and financial reporting, so it will be easy for the FP&A function to measure the performance of each business function against these activities as this will help the organization to streamline their operations.

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PYMNTS

APRIL 19, 2017

It’s an advance based on forecasted earnings.”. Independent and unsigned musicians typically fund new projects and tours out of pocket, leveraging credit cards or personal bank loans for capital. In the future, Lyric Financial reportedly looks to expand its service into the broader music industry. But this is not a loan.

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Fpanda Club

FEBRUARY 1, 2021

Though some activities, such as financial reporting, budgeting and forecasting are periodic, they are always characterized by tough deadlines to be respected. Working with large data sets, making complex calculations and logical conclusions should not be an issue for you. Resilience to stress and ability to work under pressure.

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Future CFO

MAY 2, 2023

Therefore, leveraging cloud-based automation can help the finance function streamline its internal processes to achieve greater accuracy in lesser time. Is the company looking to improve the accuracy of its financial reporting, or to increase the efficiency of its financial close processes?

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Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

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PYMNTS

OCTOBER 29, 2018

“They actually look to the CIO for ways to improve their own function, and are using the CIO to bring knowledge and skills that can be leveraged by finance.” Yet, 44 percent of financial chiefs expect to use advanced analytics for financial reporting in three years time, making it the most popular target for the technology.

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Planful

AUGUST 23, 2016

Cloud-based EPM software can help streamline key processes, improve accuracy of plans and reports, and make Finance more productive and efficient. Leverage investments in ERP and other systems – Cloud-based EPM software is a great complement to existing ERP systems , whether they are deployed on-premises or in the cloud.

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PYMNTS

OCTOBER 29, 2019

Its shares were tanking early this week after the company posted what investors apparently viewed as a disastrous third-quarter 2019 financial report. Investors did not take kindly to the company’s fourth-quarter guidance of $315 million to $335 million, below the forecast of $388 million. ” Delivery Growth Efforts.

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Future CFO

JUNE 10, 2020

The role includes leading, directing and managing the finance team, advising on business and financial planning, providing strategic recommendations to the chief executive officer and the executive management team, and of course, managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting.

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Planful

AUGUST 30, 2016

Here, I was expecting Finance Transformation to be the top response, but was pleased to see Financial Modeling coming in as the top initiative at 49% of responses. This was followed closely by Forecasting with Predictive Analytics (26%), then Financial Transformation (41%). 28% – Use of Big Data or Non-Financial Data.

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Finance Budgeting Forecasting Planning 40

Spreadym

NOVEMBER 16, 2023

The best features of FP&A software often include: Budgeting and Forecasting: These features allow organizations to create detailed budgets, forecasts, and financial plans. Users can input data, make adjustments, and project future financial scenarios.

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Centage

JANUARY 4, 2024

Growing businesses face an increasing need for accurate financial forecasting and planning. In the pursuit of business growth, they must move beyond makeshift arrangements and adopt refined methodologies for their cash flow forecasts and projections. Market conditions evolve rapidly, which demands nimble financial reporting.

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Future CFO

JULY 13, 2020

While we were working from home, we started to look at the cash flow forecast for the next six months to anticipate the cash flow issues that we are going to face. Oracle assisted us with additional strategies, enabling us to automate and into the data analytics to help in the accuracy of our financial reporting.”.

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Spreadym

SEPTEMBER 27, 2023

Spreadym offers a wide range of analysis tools, like plan vs. actual analysis, financial consolidation, budgeting, forecasting and a variety of stored versions of a document. Oracle Hyperion Planning: Oracle's CPM software is known for its robust financial planning and budgeting capabilities.

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E78 Partners

AUGUST 1, 2023

Additionally, it provides an opportunity to leverage specialized expertise from different target companies and capitalize on synergies for accelerated growth. The failure to do so may result in missed synergies, inefficiencies, and missed opportunities to leverage the collective expertise of the newly acquired companies.

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Centage

DECEMBER 12, 2023

The terms “consolidated income statement” and “profit and loss statement” are often used interchangeably in accounting and financial reporting. What kinds of companies need a consolidated P&L forecast? Many types of business eventually identify a need for a consolidated P&L forecast.

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Spreadym

JULY 10, 2023

Post-Close Activities: After the books are closed, post-close activities may include archiving financial records, preparing management reports and analysis, conducting financial reviews, and initiating the next period's accounting processes. They facilitate collaboration, version control, and document sharing among team members.

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The Charity CFO

APRIL 28, 2023

This system should then be able to support your organization in maintaining accurate records of each fund, tracking revenue and expenses, and preparing financial reports that show how each fund is performing. These reports can help you make informed decisions and identify areas for improvement. Get the free guide!

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