Future CFO

AUGUST 1, 2023

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.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. As organizations expand, they will need to rely on more complex reporting functions.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

CFO Talks

SEPTEMBER 5, 2024

Whether it’s streamlining financial reporting, enhancing data accuracy, or ensuring compliance with South African regulatory standards, clearly defining these objectives will guide the entire design process. Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

Future CFO

JULY 21, 2024

The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. Abrol also thinks that there is a need to adapt existing processes to integrate new technologies seamlessly. "We

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

PYMNTS

MARCH 4, 2020

The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

Planful

JULY 27, 2016

Are you wondering how best to make the business case to your company for investing in a cloud-based planning or reporting solution? Reducing Reliance on Spreadsheets for Budgeting, Planning, and Reporting. Limited reporting and analysis capabilities. Automate and accelerate financial reporting by 50%.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Value-Added Analysis Budgeting 40

Spreadym

JULY 10, 2023

Here are the typical steps involved in the financial close process: Pre-Close Activities: This phase involves preliminary activities to prepare for the close process, such as reviewing account reconciliations, ensuring the completeness of transactions, and resolving any outstanding issues or discrepancies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Reconciliations Accounts Payable General Ledger 52

CFO Simplified

NOVEMBER 28, 2022

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . What is the Inventory Value Report? An inventory value report is a financial report that lists the value of a company’s inventory at a specific point in time.

General Ledger 98

General Ledger Accounts Payable CFO Numbers 98

CFO Plans

SEPTEMBER 24, 2024

In today’s dynamic business environment, small businesses face a myriad of financial challenges. The need for strategic financial planning and real-time financial reporting has never been more critical. Get started with remote financial management. Discover strategic financial planning solutions.

CFO 52

CFO Startups Tax Planning Accounting 52

E78 Partners

JANUARY 5, 2024

An acquisition adds complexity to the financial reporting and audit process, so it’s important to be proactive and prepared. Develop a Plan and Timeline: Establish a clear project plan and timeline for management and the audit team. Here are some key steps to get ready for an audit post acquisition.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

CFO Plans

SEPTEMBER 24, 2024

Imagine having a seamless financial system that not only saves you time but also propels your business forward. Discover how CFO Plans can transform your financial operations today! Stay Ahead with Real-Time Financial Reporting Gone are the days of waiting for monthly reports to understand your financial position.

Accounting 52

Accounting CFO Compliance Financial Reporting 52

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. Also, what are your plans for training and developing your teams to work with AI?

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

Future CFO

APRIL 18, 2022

The post IBM Cognos Controller: Financial close management managed by the office of finance appeared first on FutureCFO. DOWNLOAD NOW.

Finance 52

Finance IFRS GAAP Accounting Principles 52

Bramasol

JULY 26, 2024

Some of the key challenges include: Complexity and Volume of Data : Handling large volumes of financial data spread across multiple systems increases the complexity of consolidation and reconciliation. Manual Processes: Reliance on manual data entry and spreadsheet-based reconciliations can be time-consuming and error-prone.

SAP 90

SAP IFRS GAAP Compliance 90

The Charity CFO

OCTOBER 9, 2024

For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements. Accurate and transparent financial data makes it easier for stakeholders and regulators to understand an organization’s financial health. Use data exports and reports to bridge the gap between the two systems. Get the free guide!

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

CFO Plans

AUGUST 2, 2024

Discover how CFO Plans can revolutionize your accounting practices. This evolution allows accounting professionals to focus on strategic activities such as business tax planning and CFO consulting for tech startups, rather than getting bogged down with routine tasks. Explore cloud-based accounting solutions with CFO Plans.

Technology 52

Technology Accounting CFO Tax Planning 52

E78 Partners

SEPTEMBER 21, 2023

Audits, while essential for maintaining the integrity and trustworthiness of an organization’s financial reporting, can be a daunting task. In tandem, preparing outstanding account reconciliations and rollforwards is a foundational step to guarantee that every transaction is captured and recorded with precision.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

Centage

SEPTEMBER 6, 2022

As a business owner or chief financial officer (CFO), spreadsheets may be an important part of your financial forecasting, planning, and budgeting processes. So, why are so many companies relying on them to handle their financial needs? As organizations expand, they will need to rely on more complex reporting functions.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

The Charity CFO

JANUARY 19, 2023

The goal is to create an accurate and comprehensive record of all transactions that can be used for both internal and external reporting, including audits and tax returns. Internal controls are a set of written policies, processes, procedures, and systems of authorization, reconciliation, documentation, security, and separation of duties.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Future CFO

MARCH 27, 2025

Digital transformation With the Finance team continuing its navigation around the whole digital transformation journey , Joseph observes that they have made notable progress in automating transaction processing, financial planning & analysis (FP&A), and compliance reporting.

Compliance 52

Compliance Financial Planning and Analysis (FP&A) Forecasting Financial Analysis 52

Bramasol

SEPTEMBER 8, 2024

Better Insights : Provides deeper insights into revenue metrics and performance, supporting better decision-making and strategic planning. The matching principle is supported inherently and therefore no periodic batch jobs are needed for reconciliation. This PoC is then applied to the planned cost.

SAP 64

SAP General Ledger Compliance Accounting Standards 64

The Charity CFO

MARCH 2, 2022

I don’t know if my financial reports are inaccurate. You’ve seen a lot of financial reports. And then the second type of reconciliation that we talk about, we talk about the balance sheet reconciliation. Why don’t have a finance report? I don’t know what, I don’t know.

Nonprofit 81

Nonprofit Auditing Reconciliations Accounting 81

The Finance Weekly

APRIL 13, 2024

The finance industry employs a multitude of software solutions to facilitate budget creation, and financial reporting, and to assist financial analysts and investors with financial planning and forecasting. Pricing Datarails offers customized pricing based on the needs of the user.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

CFO Talks

MARCH 20, 2024

Think of a Controller as the head of getting day-to-day money matters right, like making sure every penny is accounted for and reports are spot-on. It’s about making plans for the company’s financial future and finding ways to make the business better. It’s a shift from looking at what happened to planning what could happen.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

CFO Simplified

APRIL 8, 2022

Bank reconciliations should be reviewed by management. Financial Reporting. He proudly gave me a monthly report, to show how much information he was getting. That report—the Income Statement—was over 90 pages long! Provide close oversight of cash operations: New vendors should be approved by management.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

The Charity CFO

JULY 19, 2024

Accountants run reports to help determine if the bookkeeping is done correctly. Thus, the nonprofit CFO carries the most significant responsibility out of the three by overseeing the entire financial strategy and management of the nonprofit. Learn more about our nonprofit financial services by contacting us today !

CFO 52

CFO Accounting Nonprofit General Ledger 52

Planful

JUNE 3, 2021

Investing in innovative technology, such as a cloud-based planning and consolidation platform, gives your finance teams the support they need for financials. Manual reconciliation is the most frustrating aspect of creating consolidated financial statements. Transform the Finance Consolidation Process. The solution?

Compliance 40

Compliance Reconciliations Currencies Finance 40

CFO News Room

NOVEMBER 2, 2022

But by being aware of the varying requirements and filing documents in an accurate and timely manner, new firms can navigate their way through the registration process and (finally) begin offering planning services to clients! Author: Chris Stanley. Guest Contributor. Some states (e.g.,

Compliance 130

Compliance GAAP Investments Securities 130

The Finance Weekly

OCTOBER 13, 2021

For example, a retailer might discover that, despite plans to build another location, many of its consumers choose to never shop in a store again. To alleviate this concern, finance teams should employ scenario modeling and financial planning tools to compare the immediate expense of the move to the long-term income potential.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 52

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. It's important to note that the features and capabilities of multi-currency accounts may vary depending on the financial institution offering them.

Currencies 52

Currencies Accounting Risk Management Compliance 52

CFO Plans

AUGUST 21, 2020

. – Associate Controller, CFO Plans. Segregation of duties, automated controls, regular reconciliations, physical controls, spot checks, duty rotations, validation checks, independent approval levels, supervision, skilled employees, etc. What is an internal control system?

Compliance 52

Compliance Reconciliations Communication CFO 52

CFO Thought Leader

OCTOBER 6, 2024

Our humble beginnings evolved through trying to help accountants to close their books through account reconciliations, matching transactions, and managing the tasks of far-flung accounting operations. We have longtime customers who got in a long time ago, realized the value of our offerings, and committed to our products.

CFO 52

CFO Leadership Tax Planning Problem Solving 52

The Finance Weekly

JANUARY 22, 2024

His significant role at Live Nation has been crucial in shaping the company's strategy and financial planning, thanks to his extensive experience in the entertainment industry and financial management. Manage cash flow and plan for financial needs. Supervise and offer suggestions for the financial department.

CFO 52

CFO Education Communication Risk Management 52

Planful

JANUARY 11, 2022

Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence. Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. What does this all mean? 1 – Let AI do the heavy lifting.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

Planful

DECEMBER 28, 2016

In the final weeks and days of the year, while there is a keen focus on finishing up the year strong and closing the books, it is also important to plan for the new year. Pre-planning and preparation make it possible to close out 2016 strong and head into the new year with confidence. Communication gaps. Staff burn-out.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

The Charity CFO

JANUARY 5, 2023

Maintaining healthy financial management is critical for the organization’s sustainability, stability, and flexibility, now and in the future. Poor financial reporting. They provide a framework for the oversight and governance of financial operations and activities. Increase transparency in your financial dealings.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Planful

AUGUST 1, 2017

If the latter is the case, Planful recently held a webinar focused on how you can automate and accelerate the financial close, consolidation, and reporting process and free up more Finance time for value-added analysis. Then there’s additional time spent on external financial reporting and filings.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40