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The Changing Role of CFOs in a Technology-Driven World

Bramasol

They are expected to provide financial leadership and insight into the organization's strategic direction. This involves not just managing financial data but also interpreting it to guide decision-making. The first is the Financial Accounting Standards Board (FASB) in the United States.

IFRS 95
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Next Steps in Optimizing Lease Management to Go Beyond Compliance

Bramasol

These new leasing standards represent more than just an accounting change, with far-reaching and profound implications on lease/buy decisions, internal process coordination and financial reporting. SAP Contract and Lease Management (CLM) is a leading end-to-end solution for managing contracts for both lessors and lessees.

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A Fresh Look at Ongoing ESG and Carbon Accounting Developments

Bramasol

The CSRD is intended to revamp and expand information that was already required to be reported since 2017 under the EU’s existing Non-Financial Reporting Directive (NFRD). As an SAP partner for over 26 years, Bramasol is closely tracking SAP's proactive actions to deliver comprehensive ESG and carbon accounting solutions.

IFRS 87
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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules. If adopted by December 2022, the new disclosure requirements would be phased in over Fiscal Years 2023 through 2025, depending on companies' SEC registration types.

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Essentials to successful finance transformation

Future CFO

Assaouloff noted that any transformation starts first with people and aligning a common and shared purpose with the same language and strong leadership. He also insisted that's because the concept of digital should be embedded in any DNA of finance people in the future by leveraging innovative cross-collaboration models.

Finance 98
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ExecOpinion: Finance transformation: Strategies in 2023

Future CFO

Gartner says finance transformation encompasses strategic initiatives designed to revolutionise the way the corporate finance function manages its strategy, processes, internal controls, and financial reporting. Gartner Gartner research finds that 85% of finance teams today are in the middle of a finance transformation initiative.

Finance 91