CFO Share

APRIL 3, 2024

What to Look for in a Bookkeeper Finding a bookkeeper is more than searching for a vendor; it’s about finding a teammate—a professional who understands the importance of accuracy and timeliness in financial reporting. Discuss their approach to managing high-volume work periods and how they prioritize tasks.

Communication 52

Communication Prioritization Accounting Standards Financial Reporting 52

Bramasol

JULY 22, 2023

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). The CSRD is part of the EU’s European Green Deal and the Sustainable Finance Agenda.

IFRS 89

IFRS Accounting SAP Compliance 89

The Charity CFO

MAY 8, 2023

To achieve this, nonprofit organizations should prioritize transparency, authenticity, and accountability in their fundraising efforts. The most successful events prioritize engagement and relationship-building. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Prioritization Communication Planning 52

Future CFO

AUGUST 1, 2023

This highlights the demand for financial risk management and expense tracking capabilities in financial applications to identify current risks, prioritise profitability, eliminate the paper trail, and reduce administrative effort.

Invoicing 98

Invoicing General Ledger Reconciliations Budgeting 98

The Charity CFO

JULY 31, 2023

They are responsible for understanding and upholding the policies, ensuring compliance among all stakeholders, and making decisions that prioritize the organization’s best interests. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Prioritization Compliance Accounting 52

The Charity CFO

APRIL 22, 2024

In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. Contact us today to learn more about outsourcing your financial management. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Budgeting Concentration CFO 52

Spreadym

SEPTEMBER 22, 2023

Poor Documentation: Failing to document financial processes, decisions, and discussions can create confusion and make it challenging to track and audit financial activities. Inadequate Reporting: Providing incomplete or inaccurate financial reports can mislead team members and decision-makers.

Communication 59

Communication Leadership Prioritization Construction 59

CFO Talks

MARCH 20, 2024

This prioritization underscores the value placed on a CFO’s ability to anticipate and prepare for future challenges, steering the company towards long-term success and sustainability. This involves managing risks, ensuring compliance with financial reporting requirements, and mitigating operational and fraud risks.

CFO 52

CFO Compliance Performance Measuring Education 52

The Finance Weekly

JANUARY 1, 2023

2) The Importance of Trustworthy, Independent SOC Reports in FP&A. Some tips from the article include how to consolidate data, how to prioritize KPIs, why it’s important to use integrations, and the best way to conduct financial automation. Read the FP&A Software Solution Comparison here. Read the , full article.

Finance 98

Finance Compliance Economics Prioritization 98

The Charity CFO

MARCH 29, 2024

Prioritize areas for correction: Make a list of the areas or categories of your budget to actual report that is the most impactful for your organization and plan to focus on fixing those areas first. Do You Struggle to Make Sense of Your Financial Statements? Contact us today to learn more about budget to actual analysis.

Nonprofit 52

Nonprofit Budgeting CFO Prioritization 52

VCFO

JUNE 29, 2023

A CFO will evaluate financial performance, and bring attention to potential issues. They also rely on the CFO’s leadership, providing up to date communication, and accurate financial reporting. Additionally, a fractional CFO can add capacity by taking on select projects and provide specialized expertise as needed.

Nonprofit 69

Nonprofit Finance CFO Compliance 69

The Charity CFO

MAY 19, 2023

When strategically implemented as a part of an organization’s financial strategy and other fundamental financial requirements, cash management helps to support a holistic picture of the health and prosperity of an organization and their future abilities to maintain their mission. Get the free guide!

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52

The Finance Weekly

FEBRUARY 8, 2023

This includes utilizing cloud-based solutions, automating manual processes, and implementing real-time analytics tools to gain deeper insights into financial data. Emphasize Data-Driven Decision Making In today's data-driven world, CFOs must lead the charge in using data and analytics to inform financial decisions.

CFO 52

CFO Prioritization Finance Communication 52

CFO Share

AUGUST 14, 2023

On the other hand, venture capital backed businesses expect negative cash from operations since they have external financing and prioritize growth over profitability. Interpreting all financial statements The statement of cash flows is just one of three critical financial reports – the others being the balance sheet and the income statement.

Profit and Loss 40

Profit and Loss Prioritization Finance Investments 40

The Charity CFO

JUNE 7, 2023

Financial Reporting : Provides a comprehensive view of the organization’s expenses. It ensures compliance with reporting standards and provides transparency to stakeholders about how resources are allocated and utilized. If you want to dig deeper, you can learn more in our Financial Statement Guide here.

Nonprofit 52

Nonprofit Accounts Payable Budgeting Strategic Planning 52

Future CFO

MAY 28, 2020

The next step was prioritization. We prioritized what could and couldn’t be achieved. The team also evaluated the risk on the accuracy of the financial reporting for these activities and focused on key numbers. We also ensured that people have necessary tools to work from home.

Finance 40

Finance Prioritization Communication Leadership 40

The Charity CFO

JULY 3, 2023

Check in with them regularly to ensure they understand: How the goals apply to the mission What their role is in achieving the goal How they should be measuring progress Stakeholders, from the board and donors to employees, can help prioritize goals and allow leaders to zero in on the ones that are most critical to success moving forward.

Nonprofit 52

Nonprofit Analyzing Data CFO Prioritization 52

The Charity CFO

DECEMBER 20, 2023

This creates a culture built on a solid foundation for prioritizing, serving, creating sustainability & growth for both the employees and clients. Do You Struggle to Make Sense of Your Financial Statements? 180 MG believes that how they serve their people ultimately translates into how well the employees serve the company.

Nonprofit 52

Nonprofit Benchmarking Healthcare Restructuring 52

Centage

SEPTEMBER 5, 2023

With more shoppers prioritizing necessities, businesses increasingly have to make adjustments to stay in the black. The current economic climate is causing profound challenges for business owners across industries.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Budgeting Benchmarking Valuation 98

Centage

DECEMBER 7, 2022

In addition, here are key requirements to evaluate and prioritize as part of your budgeting and planning process to ensure you are ready for the year ahead. Real-time reporting – specifically around variance reporting, and alerting. Want to see it in action? Check out our video here.

Budgeting 98

Budgeting Planning Forecasting GAAP 98

PYMNTS

NOVEMBER 21, 2016

More than half of CFOs will boost investment in outsourced financial reporting , found the latest data from EY. The global survey examined the struggle CFOs face in their financial reporting efforts, often hampered by a flood of data and ongoing technological changes.

Investments 74

Investments Prioritization Startups Financial Reporting 74

Future CFO

OCTOBER 2, 2019

Finance departments can save their teams from 25,000 hours of avoidable rework caused by human errors by deploying RPA in their financial reporting processes, said Gartner recently. However, only 29% of RPA Adopters have implemented the technology for financial reporting, according to the advisory firm.

Finance 40

Finance Prioritization Financial Reporting Accounting 40

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.

Finance 130

Finance CFO Communication Prioritization 130

The Finance Weekly

OCTOBER 9, 2022

IT can assist Finance with Business Reporting. Implementing , financial reporting software is one of the ways IT may support the development of finance. To maximize development and operational efficiency, organizations must prioritize budgeting and forecasting. Finance can assist IT with Budgeting and Forecasting.

Finance 98

Finance Budgeting CFO Forecasting 98

The Charity CFO

JANUARY 21, 2022

Fund accounting differs from for-profit accounting in that it prioritizes accountability, though it does add some complexity to the bookkeeping and accounting process. As a nonprofit, you have to share your profitability, revenue streams, expense reports, and net assets with many different people, including the general public.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

Spreadym

NOVEMBER 3, 2023

Financial planning typically includes the following key components: Setting Financial Goals: Identify and prioritize your short-term and long-term financial objectives, such as saving for retirement, buying a home, paying off debt, or funding your children's education.

Planning 59

Planning Strategic Planning Budgeting Forecasting 59

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.

Financial Planning and Analysis (FP&A) 115

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

PYMNTS

OCTOBER 29, 2018

More than 670 professionals at mid-sized and large firms were asked about how they collaborate with human resources and IT departments, both areas of the enterprise that have significant impacts on financial management.

CFO 58

CFO Corporate Finance Finance Risk Management 58

Michigan CFO

SEPTEMBER 29, 2021

However, if your CFO possesses deep manufacturing experience, then you can better prioritize investments that provide tangible business benefits. CFOs lacking manufacturing experience can be held up in the complexity and volume of ongoing processes and tasks. Business Strategy Leadership.

Manufacturing 52

Manufacturing CFO Compliance Forecasting 52

PYMNTS

JUNE 12, 2019

Azoulai continued, “Goodwill prioritizes sustainability over ownership, and we’re proud to bolster their rapidly growing eCommerce operations by making it easier for people to purchase items from across the country.”.

eCommerce 58

eCommerce Prioritization Auditing Sales 58

Centage

SEPTEMBER 5, 2023

With more shoppers prioritizing necessities, businesses increasingly have to make adjustments to stay in the black. The current economic climate is causing profound challenges for business owners across industries.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Benchmarking Valuation 52

Spreadym

JUNE 27, 2023

This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. Resource Allocation: Financial Planning and Analysis helps organizations allocate their resources effectively. They analyze key financial metrics, ratios, and profitability drivers.

Financial Planning and Analysis (FP&A) 52

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

The Finance Weekly

APRIL 27, 2022

If formal policies are not in place, first prioritize where to start (i.e., Quality Financial Reporting: Given their utmost criticality, financial closings have to be completed accurately and efficiently. Document Your Policies: Policies all require clarity, communication, and consistency. Leverage closing checklists.

Leadership 52

Leadership Financial Planning and Analysis (FP&A) CFO Communication 52

The Charity CFO

NOVEMBER 17, 2022

By taking the time to assess your current financial situation and map out your anticipated income and expenses for the year ahead, you can make sure that your nonprofit is on track to meet its goals. A well-crafted budget can be a powerful tool for decision-making, helping you to prioritize spending in line with your strategic goals.

Nonprofit 52

Nonprofit Budgeting CFO Forecasting 52

The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

PYMNTS

OCTOBER 30, 2020

Businesses also prioritize having up-to-date financial status data that will enable them to carefully oversee liquidity across all their various bank accounts and to make accurate decisions.

B2B 59

B2B Economics Prioritization Banking 59

Planful

JANUARY 11, 2022

In 2018, McKinsey reported that CFOs who didn’t adopt digital innovations like artificial intelligence (AI) were in danger of falling behind their counterparts in IT and marketing. When the COVID-19 pandemic hit two years later, it forced businesses to prioritize digital to stay afloat.

Financial Planning and Analysis (FP&A) 40

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