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What is Account Reconciliation?

The Finance Weekly

The idea is to compare two sets of records—your internal records (like your company’s general ledger) and external ones (like bank statements or vendor invoices). This process isn’t just about catching mistakes; it’s also a critical tool for ensuring the integrity of your financial reporting.

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How to Reduce Credit Risk in Today’s Economy 

CFO Talks

Many businesses assume that well-known clients or long-established companies will automatically be reliable, but financial situations can change rapidly. Checking a customers credit history, financial reports, and outstanding debts can provide valuable insight into their payment habits.

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From Jo’burg to Jakarta: The CFO’s Passport to Global Control

CFO Talks

Before setting up shop, understand: Which financial reporting standards apply (e.g. Do local tax laws align with international tax principles like OECD’s BEPS framework? Technology and Data Integration Your finance systems must support multi-entity, multi-currency, and multi-GAAP reporting. IFRS, local GAAP)?

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Is Your Nonprofit Ready for Increased Funding Scrutiny? Here’s How to Prepare

The Charity CFO

Keep Every Receipt, No Exceptions Whether its a small office supply purchase or a major equipment investment, maintain records of every expense. Establish clear approval processes for all financial transactions, including vendor payments and employee reimbursements. Do You Struggle to Make Sense of Your Financial Statements?

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SAP Cloud ERP is Enabling the Future for the Utilities Industry

Bramasol

Operational Efficiency and Cost Management Cost Reduction Pressures : With increasing pressure to reduce operational costs, utilities are investing in ERP systems to streamline workflows, reduce redundancies, and automate financial reporting.

SAP
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Building Robust IT Systems for Financial Reporting

CFO Talks

Building Robust IT Systems for Financial Reporting As financial operations become increasingly complex, having the right IT infrastructure in place is no longer just a back-office necessity—it’s a strategic advantage.

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Capitalising on the Fintech apps in APAC

Future CFO

FutureCFO spoke to Deka to dig deeper into the topic: Which features/capabilities in financial applications are most in demand by mid-size enterprises? However, the demand for features/capabilities of financial applications can differ based on their company size, maturity, and business needs and goals.