article thumbnail

Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. With all these great new capabilities at our fingertips, the future will also require constant vigilance and regular updates to security protocols as AI systems become more sophisticated and the risk landscape evolves.

Finance 95
article thumbnail

TEST Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns. With all these great new capabilities at our fingertips, the future will also require constant vigilance and regular updates to security protocols as AI systems become more sophisticated and the risk landscape evolves.

Finance 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Navigating uncertainty: Manage the impact of inflation

Future CFO

Information from every corner of the business and world is centralised, secured, and accessed from anywhere — leading to greater agility and faster, more confident decision-making. Data from disparate departments inform real-time actions and reporting. People and machines across a global supply chain share intel as and when it happens.

IFRS 52
article thumbnail

Looking Ahead at Five Key Trends to Watch in 2022

Bramasol

They also need to address compliance requirements such as revenue reporting under ASC 606 and IFRS 15, which are still required but can be more complex for DSE business models. Sales – streamlining of sales master data, sales contract management, sales order processing, billing, invoicing, claims, returns, refunds, and sales forecasting.

SAP 52
article thumbnail

The 5 Best Financial Reporting Software to Enhance the Productivity of CFO

Spreadym

Compliance: Adherence to accounting standards and regulations, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Security: Robust security measures to protect sensitive financial data and prevent unauthorized access.

article thumbnail

10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. OnPlan is a financial modeling and forecasting tool built by financial planners and analysts. Budgeting and rolling forecasts, as well as what-if scenario planning. Key features.

article thumbnail

Making the Business Case for Cloud-Based Planning and Reporting

Planful

Lack of security sending budgeting spreadsheets via email. Not being compliant with US GAAP or IFRS. Lack of security. Better security. Most cloud-based applications are part of an integrated suite that supports budgeting, planning, forecasting, financial consolidation, reporting and analysis of the business.