VCFO

MAY 30, 2022

Jose is a senior finance professional with more than 30 years of experience in financial management roles in manufacturing and international energy ventures. For several years, Jose was Director to the Board of the Venezuelan American Association of Texas (VAAT), a 501(c)(3) organization promoting the Venezuelan culture in Texas.

CFO 52

CFO Auditing Financial Modeling Leadership 52

The Finance Weekly

JULY 19, 2022

FP&A teams are responsible for a variety of activities, including periodic financial close and consolidations, strategic and annual planning, monthly forecasting, cash flow forecasting, financial reporting, financial modeling, and what-if scenario planning and analysis. Strategic financial planning.

Financial Planning and Analysis (FP&A) 96

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 96

Centage

SEPTEMBER 14, 2021

When it comes to business budgeting and planning, traditional spreadsheets are labor-intensive, prone to errors, and static, so it can be difficult to get a clear view on your current and future financial position. With the fast pace of business change, CFOs need accurate financial information to make informed decisions on the fly.

Budgeting 96

Budgeting General Ledger Data Analysis Financial Data 96

The Finance Weekly

OCTOBER 8, 2023

It might also include features like automated expense categorization, predictions, and reporting. Some software can even integrate with accounting systems to further streamline financial management. Your reports can be refreshed without messing up your cell references, and you can set up automatic updates.

Financial Planning and Analysis (FP&A) 52

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

CFO Plans

NOVEMBER 4, 2024

Consider a financial services company that managed to scale its operations by prioritizing cash flow optimization. By employing advanced forecasting tools and real-time financial reporting, they maintained a healthy cash reserve, allowing them to invest in new markets and technologies confidently.

CFO 52

CFO Cost Management Leverage Planning 52

BlueLight

MAY 1, 2020

Traditionally, the chief financial officer (CFO) is responsible for tracking the company’s past and present financial situation and ensuring on-time and accurate financial reporting. This function is called financial planning and analysis (FP&A). The first step is getting good financial reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) CFO Strategic Planning Startups 52

The Finance Weekly

JANUARY 21, 2024

When you’re making small-talk with someone who isn’t in finance or accounting about how work is going, and they answer with “busy,” do you ever question how hard it really is? They have a five person accounting team who spend an unwieldy amount of time dumping data from NetSuite into Excel. All involving Excel data manipulation.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Data Analysis Financial Modeling 40

E78 Partners

NOVEMBER 12, 2024

By proactively managing your “prepared by client” (PBC) list, you can structure documentation to align with audit testing phases – as mentioned in our previous post , preparing for a financial audit. This timeline should account for potential delays and include contingency plans in high-risk areas.

Auditing 52

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 52

E78 Partners

NOVEMBER 12, 2024

By proactively managing your “prepared by client” (PBC) list, you can structure documentation to align with audit testing phases – as mentioned in our previous post , preparing for a financial audit. This timeline should account for potential delays and include contingency plans in high-risk areas.

Auditing 52

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 52

Michigan CFO

JUNE 7, 2023

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team. What Do Virtual CFOs Do?

CFO 52

CFO Problem Solving Budgeting Communication 52

Spreadym

JUNE 27, 2023

This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. By providing financial insights and analysis, they assist in evaluating investment opportunities, assessing the financial impact of strategic initiatives, and developing long-term financial plans.

Financial Planning and Analysis (FP&A) 52

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

Centage

DECEMBER 21, 2023

Some of our customers chose Centage because performing the type of granular forecasting and reporting that the CFO or other leadership required would have required hiring additional accounting staff just to perform manual calculations and inevitably find & fix Excel formula errors. “My

Budgeting 52

Budgeting GAAP Forecasting CFO 52

Centage

OCTOBER 3, 2022

However, there can be some disadvantages to using Excel for your company’s financial forecasting. These can become apparent as your business grows and your accounting needs get more involved. Disadvantages of Excel for Financial Forecasting. Excel users may have noticed some shortcomings of this software. Risk of Errors.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

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 Talks

NOVEMBER 29, 2024

Accountability is another key component. The AFE lays out clear lines of responsibility, documenting who approved what and ensuring departments are held accountable for financial decisions. CFOs will need to lead the way in incorporating sustainability metrics into financial reporting and decision-making.

Finance 80

Finance Profit and Loss CFO Leadership 80

CFO Talks

SEPTEMBER 12, 2024

Instead of relying on a single forecast, consider creating multiple financial models that reflect best-case, worst-case, and moderate scenarios. Explore opportunities to automate accounts receivable processes to speed up collections. Focus on Building Strong Partnerships Uncertainty is not something to face alone.

Leverage 52

Leverage Forecasting Communication Economics 52

CFO Share

MARCH 23, 2021

Budgeting and forecasting are best practices in small business financial modeling. The 12-month (or sometimes 24-month) rolling forecast is the most important financial planning tool for your business. By using formulas to tie these accounts to revenue, they will be responsive to changing business conditions.

Forecasting 52

Forecasting Financial Planning and Analysis (FP&A) Budgeting Cash Flow Forecasting 52

The Finance Weekly

AUGUST 30, 2022

After taking all of these unique considerations for small businesses into account, our team at The Finance Weekly has compiled a list of the 5 best FP&A solutions for small businesses. It is a financial planning and analysis platform that automates time-consuming manual processes for financial reporting and planning.

Financial Planning and Analysis (FP&A) 95

Financial Planning and Analysis (FP&A) Budgeting Analyzing Data Startups 95

Adam Kae

SEPTEMBER 24, 2020

Here's a Brief List of (Some) CFO Tasks: Financial Reporting. You should be producing regular reports of your finances. It's one thing to have QuickBooks run a report. We build custom financial models to find the best strategies for your current situation. Healthcare-Specific Growth Models.

Healthcare 52

Healthcare CFO Profit and Loss Forecasting 52

CFO Talks

MARCH 14, 2024

The position of Chief Financial Officer has evolved significantly over the past few decades. No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making. Delegation and Empowerment: No CFO can do it all alone.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

Planful

OCTOBER 5, 2021

Who could argue with fewer days spent in consolidation, forecasting, and reporting? But a speedy month-end close isn’t just good for accounting—it’s also good for the business. Now, generating P&Ls and incorporating them into models is just a single keystroke away, effectively saving finance up to two weeks every month.

Financial Planning and Analysis (FP&A) 40

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

Cube Software

MAY 11, 2023

These financial modeling tools are one of the most important to help a company prepare for any kind of scenario imaginable and map out a future trajectory. Pro forma statements are financial projections that ask and attempt to answer "what if" questions. That's where pro forma statements come into play.

GAAP 40

GAAP Financial Planning and Analysis (FP&A) Profit and Loss Accounting Principles 40

CFO Talks

MARCH 19, 2024

By attending project meetings, participating in training sessions alongside team members, and being among the first to use the new system for financial reporting, the CFO not only shows a personal stake in the initiative’s success but also signals the importance of adaptability and continuous learning.

CFO 52

CFO Communication Finance Budgeting 52

The Finance Weekly

AUGUST 30, 2022

After taking all of these unique considerations for small businesses into account, our team at The Finance Weekly has compiled a list of the 5 best FP&A solutions for small businesses. It is a financial planning and analysis platform that automates time-consuming manual processes for financial reporting and planning.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Startups Budgeting Analyzing Data 52

Onplan

NOVEMBER 30, 2022

OnPlan is a financial modeling and forecasting tool built by financial planners and analysts. Adaptive is one option companies use for modeling, budgeting, forecasting, and financial reporting. With self-service financial reporting, individuals can personalize and share reports as required.

Financial Planning and Analysis (FP&A) 52

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