CFO Talks

MARCH 20, 2024

From Controller to CFO: What Changes? Moving from being a Controller to a CFO is a big step up. Both the CFO and Controller deal with the company’s finances, but they focus on different things. The CFO, however, looks at the bigger picture. It’s like going from keeping score to calling the plays.

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CFO Accounts Payable Financial Analysis Auditing 52

The Charity CFO

JULY 19, 2024

Their primary role is to ensure that all transactions are entered into the accounting system with accuracy and consistency. Accountants run reports to help determine if the bookkeeping is done correctly. What is a Chief Financial Officer (CFO)? Responsibilities typically include advanced analysis and reporting, budgeting, etc.

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CFO Accounting Nonprofit General Ledger 52

PYMNTS

FEBRUARY 1, 2021

It’s not that automating invoice generation, banishing checks, automating the cash application process and systematically removing all the manual touches from accounts payable (AP) and accounts receivable (AR) workflows weren’t unknown concepts among chief financial officers (CFOs) and treasury departments at the time.

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B2B Treasury Accounts Payable Cash Management 94

CFO Simplified

NOVEMBER 28, 2022

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . Here is probably the largest single asset in your company, and if you’re not making sure that those numbers are correct, you’re missing a very important reconciliation that you need to do. .

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General Ledger Accounts Payable CFO Reconciliations 98

PYMNTS

DECEMBER 30, 2020

Accounts payable (AP) departments were no longer in the office to cut paper checks, and accounts receivable (AR) personnel were no longer in the office to receive them. That's especially true, he told PYMNTS , when it comes to capturing data from purchase orders and invoices to accelerate document processing and reconciliation.

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B2B Accounts Payable Invoicing B2C 119

The Charity CFO

FEBRUARY 4, 2022

Prepare bank reconciliations. Allocate revenue and expenses to restricted fund accounts . Prepare the data accountants used to create income statement, balance sheet, and cash flow statement. At The Charity CFO, we handle the books and all of your accounting needs. Record and classify payments and bank transfers .

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Nonprofit Invoicing General Ledger Accounting 98

PYMNTS

MAY 4, 2020

Office closures and remote working mandates have created an uncomfortable wakeup call for accounts payable (AP) and accounts receivable (AR) departments that continue to rely on manual, paper-based processes. “Any strategic CFO will recognize the need for digital transformation.” And there are a lot of them.

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Invoicing Accounts Payable B2B Reconciliations 66

PYMNTS

JULY 28, 2020

Although the enterprise continues to accelerate its digitization efforts, chief financial officers keep hitting roadblocks when it comes to modernizing workflows regarding accounts payable (AP) and embracing electronic payments.

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B2B Reconciliations Accounts Payable Prioritization 70

PYMNTS

NOVEMBER 19, 2020

In the continuous movement toward automating B2B payments – and especially payables – the pandemic is pushing firms to examine internal workflows and embrace the touchless process. Robotic process automation and accounts payable (AP) automation can be blended into solutions that are verticalized for specific tasks.

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Accounts Payable B2B Reconciliations Accounting 83

The Finance Weekly

MARCH 13, 2022

So, why are VCs investing in the office of the CFO? It combines accounts payable automation, software-enabled corporate cards, and employee expense reimbursements. Airbase applies consistent approval workflows across all areas, automates accounting, and provides real-time reporting for all non-payroll spend.

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Financial Planning and Analysis (FP&A) Investments CFO Accounts Payable 52

PYMNTS

JUNE 9, 2020

With accounts payable (AP) departments no longer able to step into their offices to print, sign and send checks, supplier payments quickly moved to the center of companies’ modernization discussions. “What a CFO needs to decide is whether they are comfortable with somebody taking possession of their money,” he said.

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Accounts Payable Accounting Reconciliations CFO 53

Future CFO

AUGUST 1, 2023

Supriya Deka: The general features of financial applications include accounting, reporting & analytics, bank reconciliation, billing & invoicing, asset management, budgeting & forecasting, financial risk management, expense tracking, and payroll management.

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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. While spreadsheets are commonly used and easy to modify, they are not designed to store and protect sensitive information.

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Securities Cash Flow Forecasting Budgeting Forecasting 98

PYMNTS

OCTOBER 14, 2020

Accounts payable and receivable used to be concrete, separate operations. That’s especially true for smaller firms, where, he told Webster, “CEOs or owner-operators do not have the time to be the CFO or the treasurer.”. Now, more than ever, noted Gavrity, workflows are integrating through software solutions.

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B2B Accounts Payable Reconciliations Economics 97

https://trustedcfosolutions.com/feed/

FEBRUARY 11, 2023

Sage Intacct and more modernized systems are building the foundation for continuous accounting without the need for ongoing work — data calculations, reconciliations, and the collection of financial information — from your finance staff. Contact Trusted CFO Solutions to explore even more possibilities with Sage Intacct.

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Accounts Payable Reconciliations Leverage CFO 62

PYMNTS

JANUARY 22, 2021

In the accounts receivable (AR) function, Franco noted that Nurx implemented lockboxes in order to centralize the receipt of paper checks from insurance companies. But on the accounts payable (AP) side, the company also saw the opportunity to shift from checks to digital payment methods to pay vendors.

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Healthcare B2B Prioritization Accounts Payable 74

CFO Talks

JANUARY 30, 2023

In the process, the CFO is emerging as one of the most important decision-makers in a modern organisation. Today’s finance solutions enable the CFO to automate most reporting and generate real-time dashboards that offer insight into key financial and operational metrics.

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Finance Accounts Payable CFO Forecasting 52

CFO Simplified

APRIL 8, 2022

Bring Value through CFO Insights. This person learns all the ins and outs of the accounting system and everything else about the business. She did payroll, accounts payable, invoicing and cash receipts. Bank reconciliations should be reviewed by management. But the real question is: Should they?

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Accounts Payable Cash Flow Forecasting Reconciliations Forecasting 52

PYMNTS

NOVEMBER 26, 2020

These processes can help them avoid losing track of invoices and make it easier for them to complete their approval and reconciliation procedures to meet payment due dates. . AP teams that can reduce the time spent analyzing and managing invoices as well as typing up billing data will have more efficient, swifter processes, she noted.

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Invoicing B2B Accounts Payable Reconciliations 67

Future CFO

OCTOBER 24, 2021

Buyers and suppliers will see improved visibility, traceability, and procure-to-pay cycle times, the firm said, adding that payment partners as a result can use this data to reduce risk, decrease reconciliation costs, and help further advance early payments in the accounts payable and receivable processes.

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Finance Accounts Payable Reconciliations Accounting 52

CFO Simplified

DECEMBER 26, 2021

Mid-sized businesses benefit the most from hiring a fractional CFO. At this level, there is enough complexity that CFO services can positively impact business decisions. We know, however, that hiring a full-time CFO can come with a hefty price tag. In these scenarios, bringing in a fractional CFO can benefit everyone.

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Finance General Ledger CFO Auditing 52

The Charity CFO

MARCH 2, 2022

Isabel is the Onboarding Specialist at The Charity CFO. You used to audit nonprofit organizations back in the day, similar to me, but while I was the CFO of a nonprofit, you were my auditor. You could also determine that by looking at their accounts payable, like, why aren’t we paying bills?

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Nonprofit Auditing Reconciliations Accounting 98

Future CFO

OCTOBER 2, 2024

Data analysis and reporting is closely followed by applications in financial planning and analysis, invoice processing, office productivity, and accounts payable or accounts receivable. By automating routine tasks, staff can focus on more strategic work.

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Accounting Data Analysis Accounts Payable Auditing 52

The Charity CFO

OCTOBER 9, 2024

Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. Soft credits also need manual reconciliation to ensure that they are accurately reflected in donor records without affecting accounting entries. Create a monthly reconciliation process between both databases. Get the free guide!

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Accounting GAAP Nonprofit Accounting Principles 52

Michigan CFO

SEPTEMBER 14, 2023

For businesses interested in the nuances of fraud and its prevention, a workshop dedicated to understanding how embezzlement happens by Michigan CFO, a respected business management consultant firm, offers valuable insights. The post Segregation of Duties to Prevent Embezzlement appeared first on Michigan CFO Associates.

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Accounts Payable Management Consulting Reconciliations CFO 52

The Charity CFO

APRIL 25, 2024

About The Charity CFO The Charity CFO is an accounting firm specializing in serving nonprofits through outsourced accounting and fractional CFO services. We know what a nonprofit goes through each day, and we utilize technology to simplify our clients’ accounting processes. Let’s meet these organizations.

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Nonprofit Accounting CFO Auditing 52

Future CFO

MAY 15, 2022

Finance leaders keen to get a head start before transitioning to PEPPOL can consider moving to a semi-automated mode – or accounts payable (AP) automation – to allow both internal and external stakeholders time to understand their vision and gain trust in the underlying technologies. Implementing PEPPOL.

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Invoicing Accounts Payable SAP Finance 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. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

Future CFO

AUGUST 19, 2021

Within the finance/accounts department, the top three functions where intelligent automation is implemented are accounts payable (61%), accounts receivable (57%) and budgeting/FP&A (51%). Intelligent automation is least used in risk management (24%), tax (20%), and treasury (14%).

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Accounts Payable Treasury Risk Management Reconciliations 40

Future CFO

AUGUST 3, 2021

Participants also shared how technologies freed financial professionals to become more effective, the importance of upskilling and sharing experiences, and the changing role of the CFO office within their companies. We deployed robotic process automation for the accounts payable. The race for clarity.

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Finance Forecasting Financial Modeling Accounts Payable 52

CFO Share

SEPTEMBER 27, 2022

In-house accountants perform many or all the same tasks as outsourced accountants, including: Routine bookkeeping. Account reconciliations. Managing and accounting for payroll . Accounts payable (general AP) – outsource. Balance sheet accruals. Filing income taxes, sales taxes, and payroll taxes.

Accounting 40

Accounting Accounts Payable Invoicing Reconciliations 40

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. Common functions include elements of accounting, accounts payable and receivable, and payroll.

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