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

PYMNTS

AUGUST 16, 2020

Trintech , which works in integrated Record to Report software, is releasing Cadency 9.0, the newest update to its software, to help companies with faster account reconciliation, artificial intelligence, systems integration and more, a press release says.

Accounting 67

Accounting Reconciliations Auditing Financial Reporting 67

https://trustedcfosolutions.com/feed/

FEBRUARY 11, 2023

Having the right strategies in place helps open up new opportunities while preventing major roadblocks in your financial reporting. Many businesses aim to optimize the process of closing the books, but obtaining a faster close is difficult without also compromising accuracy.

Accounts Payable 62

Accounts Payable Reconciliations Leverage CFO 62

CFO Talks

MARCH 20, 2024

Key Differences in Everyday Tasks: Reporting: The Controller prepares financial reports; the CFO reviews these reports and uses them to make decisions or plan strategies. Financial Reporting and Management: The Controller is entrusted with maintaining the chart of accounts and overseeing outsourced functions.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

The Charity CFO

APRIL 29, 2022

That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month. Examine all bank reconciliations for outstanding transactions which could be erroneous. Step 2: The nonprofit audit checklist.

Nonprofit 105

Nonprofit Auditing General Ledger Reconciliations 105

PYMNTS

DECEMBER 16, 2016

A key part of business life is getting the books closed on time, with clean financial reporting that allows a high-level and granular view of what needs to be done next. And yet, it remains key to have access to, and reconciliation of, data that ranges from sales to travel expenses.

IFRS 74

IFRS Reconciliations GAAP Accounting Standards 74

The Charity CFO

FEBRUARY 4, 2022

Prepare bank reconciliations. They organize the data and ensure accuracy so the accountant can create reliable and timely financial reports. Plus, give you timely financial reports and expert advice that help you carry out your mission. Record and classify payments and bank transfers . Manage payroll .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

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?

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) CFO Accounting Standards 52

PYMNTS

JUNE 8, 2020

As it stands, BlackLine and Capgemini are working together on an Capgemini customer based in the United States in the chemical vertical to bolster its utilization of the account reconciliation, journal entry, task management and Smart Close technologies of BlackLine.

Reconciliations 54

Reconciliations Accounting Finance Technology 54

The Finance Weekly

JANUARY 22, 2024

Attend board meetings and provide detailed financial reports and recommendations to company leadership. Certified Treasury Professional (CTP) This certification highlights expertise in treasury management, showcasing proficiency in cash processing, reconciliation, and financial statement analysis.

CFO 52

CFO Education Communication Leadership 52

PYMNTS

MARCH 4, 2020

It’s a result, explained Gillette, of the legacy ERP no longer being suited to address the full range of businesses’ diverse financial and process management needs. 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

PYMNTS

NOVEMBER 20, 2018

The tool will also support real-time access to data to enhance financial reporting and cash flow management. Sage and Cashplus integrated data from each others’ platforms to launch Sage’s Bank Feeds, allowing joint customers to automate bank reconciliation and digitize financial records.

Reconciliations 43

Reconciliations Currencies Accounting Banking 43

PYMNTS

MAY 26, 2016

In an announcement on Wednesday (May 25), Tipalti revealed the rollout of an expanded AP platform that introduces new features for users, including invoice management, supplier onboarding, payment and reconciliation services. The new AP platform uses that information to provide real-time payment and financial reporting.

Accounts Payable 41

Accounts Payable Invoicing Reconciliations Compliance 41

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

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. You can access high-end accounting solutions specifically built for nonprofits to help you streamline your financial management processes.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Planful

JULY 27, 2016

The next logical step is to replace the spreadsheet-based process with purpose-built enterprise performance management (EPM) applications designed to streamline budgeting, planning, and financial reporting. Managing Budgeting, Planning and Financial Reporting in the Cloud. Improve audit trails, reduce audit costs.

Financial Planning and Analysis (FP&A) 40

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

CFO Plans

AUGUST 21, 2020

It is a series of actions that occur throughout an entity’s operations and is used to guide the operations by the management in order to achieve the objectives of an entity in relation to the operational effectiveness and efficiency, financial reporting reliability, and compliance with laws & regulations.

Compliance 52

Compliance Reconciliations Communication CFO 52

The Finance Weekly

APRIL 27, 2022

In order to mitigate check and payment tampering risk, for example, first address delegation of responsibility issues, utilize check logs, leverage the bank’s positive pay controls, and then review account reconciliations. Leverage closing checklists. Lock prior periods once the close is done.

Leadership 52

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

Planful

JANUARY 11, 2022

Without AI, employees are burdened with hours of monotonous tasks like reporting and data reconciliation. This was great for business but led to increasingly long financial reconciliation times. Luckily, Specialized had implemented Planful for worldwide financial reporting and workforce planning four years earlier.

Financial Planning and Analysis (FP&A) 40

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

Finvisage

DECEMBER 31, 2019

Accountancy firm PwC is reported to have been hired by the company to look at its accounts, which are audited by Grant Thornton. The accountancy watchdog, the Financial Reporting Council, said: “We are looking into this matter carefully and will give full consideration to further action as more facts become available.”

Reconciliations 52

Reconciliations Financial Analysis Construction Accounting 52

Spreadym

JUNE 19, 2023

It offers features such as cash flow forecasting, bank reconciliation, and expense tracking. Xero integrates with various payment platforms and provides real-time financial insights. Reporting Limitations: Some users have reported limitations in terms of advanced reporting capabilities in FreshBooks.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

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

Future CFO

SEPTEMBER 14, 2020

accounting, reconciliation, the closing of books, etc). Among the factors that lead to better adoption of cross-functional sustainability reporting, perhaps the most crucial is for leadership from the top. CEOs must necessarily be in the lead, but CFOs have a vital role to play as those responsible for the financial reporting function.

Accounting 40

Accounting Leadership Finance Profit and Loss 40

Planful

DECEMBER 28, 2016

To discuss the topic of financial reporting tips that will help create a smoother year-end close, Planful, in cooperation with CFO.com, invited thought leaders from The Hackett Group to participate in a webinar titled, The CFO Playbook on Financial Reporting: Tips for a Smoother Year-End Close.

Benchmarking 40

Benchmarking Reconciliations Data Analysis Technology 40

Centage

SEPTEMBER 6, 2022

As organizations expand, they will need to rely on more complex reporting functions. Unfortunately, Excel has very defined limits that can make it challenging for businesses to publish their financial reports more quickly and efficiently. Still, many depend on this program for these critical tasks.

Securities 98

Securities Cash Flow Forecasting Budgeting Forecasting 98

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. However, with the abundance of finance software available today, selecting the right one can feel overwhelming.

Financial Planning and Analysis (FP&A) 52

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

CFO Simplified

JANUARY 5, 2024

Because of the compliance implications, reconciliation and oversight of these accounts is even more important than comparable oversight of the firm’s bank accounts. Bank Reconciliation and Oversight: Regularly reconcile bank statements with internal financial records to identify any discrepancies promptly.

Auditing 52

Auditing Reconciliations Compliance Securities 52

The Charity CFO

JANUARY 19, 2023

There are ongoing efforts to establish International Financial Reporting Standards (IFRS) for nonprofits, which, if successful, could result in greater consistency and comparability of financial information across countries. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

Centage

SEPTEMBER 6, 2022

As organizations expand, they will need to rely on more complex reporting functions. Unfortunately, Excel has very defined limits that can make it challenging for businesses to publish their financial reports more quickly and efficiently. Faster publishing for financial reports and dashboards. Sensitivity analysis.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

The Charity CFO

APRIL 25, 2024

Brandi went through a similar transformation at Connections, to the point where their nonprofit board is thrilled with the quality of information contained in the monthly financial reports. Now, having monthly financial reports has been very helpful, and we’re able to drill down on the individual grant budgets and spending. “Now,

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

The Finance Weekly

OCTOBER 13, 2021

Make a financial reporting strategy. One of the most difficult aspects of a merger or acquisition for finance experts is combining the financial data of two independent firms into one. It's impossible to optimize financial closing processes without first taking into account the hundreds of steps and people involved.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Economics Risk Management Reconciliations 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 CFO 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 CFO Accounts Payable Reconciliations 98

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 98

Nonprofit Auditing Reconciliations Accounting 98

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. Regular Reconciliation: Reconcile your multi-currency account regularly to ensure that the recorded transactions match the actual account balances.

Currencies 52

Currencies Accounting Risk Management Compliance 52

Embark With Us

JANUARY 19, 2022

Reconciliations shouldn't induce night sweats. Financial Reporting. But how, exactly, do you keep your people engaged, data timely, and business intelligence relevant and guiding? Well, as you're about to see, that's where data analytics and Alteryx can play an essential role. Automation.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

Planful

JUNE 3, 2021

Manual reconciliation is the most frustrating aspect of creating consolidated financial statements. Many finance teams create different versions of the same consolidated financial statement to meet various requirements for multiple regulatory bodies. Struggling with compliance isn’t limited to business financial statements.

Compliance 40

Compliance Reconciliations Currencies Finance 40