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Weekend Reading For Financial Planners (June 8-9)

Nerd's Eye View

detecting fraud or analyzing data) to provide a better client experience! Nonetheless, respondents (particularly those in younger generations) do not see this as an either-or choice, but rather anticipate benefitting from working with human advisors who leverage AI tools for certain tasks (e.g.,

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Benefits of financial planning automation

Spreadym

The benefits of implementation of financial planning and analytics solutions are following: Time-saving: Software for financial planning tasks can save significant amounts of time by eliminating the need for manual data entry and calculations. Increased accuracy: FP&A software can reduce errors that can occur in manual processes.

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How to put finance business partnering puzzle together?

Fpanda Club

Get the basics right Advancements in automation, data practices, and innovative systems make it much easier to generate financial and non-financial insights. This is supposed to enable finance professionals to devote more time to interpreting and analyzing data, offering meaningful insights that contribute to better decision-making.

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Members’ Spotlight: Charles Westermeyer

CFO Talks

The challenge of analyzing data, identifying trends, and making informed decisions based on complex factors inspired me to learn more. For instance, collaborating with international clients has taught me the importance of adapting my communication style and accounting methods to align with their expectations and values.

CFO 52
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The Fractional CFO: How To Choose The Right One

CFO Share

When interviewing, I look for people who listen actively, ask provocative follow-up questions, and refuse to let me settle for the intuitive decision without analyzing data. Your fractional Chief Financial Officer should be polite, respectful, and an excellent communicator. Do they communicate clearly?

CFO 52
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How to Make Your Annual Budget Process More Efficient and Collaborative 

Centage

If the stakeholders have a way of communicating with one another easily, they will be more engaged in the process. Increase stakeholder communication by: Scheduling brainstorming meetings. Analyze data in numerous ways to find potential discrepancies or bottlenecks in the budgeting process. Setting up a feedback strategy.

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Collaborative Budgeting Process

Spreadym

Communication: Effective communication is essential, both in terms of sharing information and collaborating on the budget, as well as in reporting on budget performance throughout the year. Analyze data and assumptions: Evaluate the data and assumptions to identify trends, opportunities, and challenges that will impact the budget.