The Charity CFO

NOVEMBER 30, 2023

Does the idea of an audit from the IRS leave you with sweaty palms? Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. These penalties can be crushing for nonprofits.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

E78 Partners

APRIL 26, 2024

E78 uses an evidence-based methodology to validate telecom inventory by combining time-tested process, tailor-made auditing BI and the best experts in the field. Our clients who already have a TEM today can still achieve average savings of 15%-30% from E78 audits and 30%-50% from E78 sourcing and advisory services work.

Technology 64

Technology Benchmarking Auditing Leadership 64

Future CFO

MARCH 16, 2022

Companies are estimated to reduce annual compliance training by 50% by 2025, said Gartner recently. Many compliance leaders are dissatisfied with the effectiveness of their existing program activities,” said Chris Audet, senior director, research in the Gartner Legal, Risk & Compliance practice.

Compliance 98

Compliance Budgeting Leverage Numbers 98

Bramasol

FEBRUARY 9, 2024

As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them.

SAP 87

SAP Compliance Invoicing Leverage 87

PYMNTS

OCTOBER 2, 2020

Some businesses fail to undergo the routine audits they need to assess their systems’ security, and others do not want to — or cannot — spend the money it takes to upgrade them. Working with payments orchestration providers can help firms like these address their systems’ security flaws by taking on the compliance burden.

Compliance 97

Compliance Auditing Securities Numbers 97

Future CFO

MAY 15, 2024

Asia’s ESG journey BlackLine regional vice-president for Asia, Nikhil Parambath , says Asia's business leaders are focusing on strategic initiatives for long-term growth, with an increasing emphasis on ESG compliance to build trust among stakeholders. ESG integration has transitioned into standard business practice,” she adds.

Finance 98

Finance Auditing Compliance Leverage 98

Future CFO

SEPTEMBER 1, 2021

Audit functions that fail to adapt well to hybrid auditing risk a loss of effectiveness and influence at a time when real-time assurance has never been more vital to the wider organisation, said Gartner recently. Below are some of the best practices.

Auditing 52

Auditing Communication Construction Technology 52

PYMNTS

JANUARY 26, 2021

Usually, the auditing workflow involves looking at expense reports filed by employees, with a focus on identifying potentially erroneous or even fraudulent transactions. Digitizing and centralizing spend across various departments and workflows is the first step to enhancing the auditing process, said McCrossan.

Auditing 75

Auditing Invoicing Compliance Accounts Payable 75

CFO Plans

NOVEMBER 25, 2024

This includes deploying cutting-edge encryption technologies such as Advanced Encryption Standard (AES) and Transport Layer Security (TLS) to secure data both in transit and at rest. Navigating Financial Technology Compliance Adhering to financial technology compliance and data privacy regulations is another critical responsibility for CFOs.

Prioritization 52

Prioritization Compliance CFO Financial Data 52

Bramasol

NOVEMBER 8, 2021

While these reports represented an important element for communicating a company's corporate-citizenship vision and were also positive public relations initiatives, for the most part they did not contain a lot of hard, auditable data. In the area of climate change, this is often referred to as "carbon accounting".

Compliance 79

Compliance Accounting SAP IFRS 79

Future CFO

MARCH 21, 2022

The top challenge for internal audit leaders this year is how they can attract talent with nontraditional skills, said Gartner recently. 57% of chief audit executives said that attracting talent with nontraditional skills was an important or extremely important issue for them in 2022. Survey highlights.

Auditing 52

Auditing Technology Planning Marketing 52

Future CFO

SEPTEMBER 14, 2023

When it comes to tax transformation, compliance is seen as the greatest challenge among 43% of companies surveyed by Deloitte. Outsourcing is a prime strategy to access technology capabilities. Outsourcing has long been recognised as a tool for increasing efficiency, but access to technology tools is now an even more important driver.

Compliance 52

Compliance Technology Finance Investments 52

CFO Talks

SEPTEMBER 26, 2024

It outlines compliance requirements such as annual financial statement submissions, director duties, and shareholder rights. CFOs must ensure compliance with various tax deadlines, proper record-keeping, and adherence to SARS guidelines to avoid penalties and interest charges.

IFRS 52

IFRS Compliance Auditing Financial Reporting 52

PYMNTS

FEBRUARY 7, 2019

Tightening regulations have introduced loftier compliance burdens to global supply chains, made even more complex and challenging as companies do business with thousands of vendors across borders. The burden of regulatory compliance came to a head in the U.S. regulations, even if a vendor is not in the U.S.

Compliance 65

Compliance Retail Auditing Startups 65

Future CFO

MARCH 28, 2021

The internal audit function faced both declining budgets and a significantly expanded workload in 2020, according to Gartner survey of 299 internal audit organisations in 2020. The obvious implication, if the picture doesn’t become more balanced, is that audit leaders will have to make tough coverage trade-off decisions.”

Auditing 52

Auditing Budgeting Banking Securities 52

PYMNTS

AUGUST 19, 2019

Firms auditing expenses through manual processes and outdated technologies risk missing the chance to flag erroneous or fraudulent submissions from vendors and employees. Deploying technology — especially artificial intelligence (AI) — can streamline the auditing process and boost cost savings significantly.

Auditing 56

Auditing Accounts Payable Invoicing Healthcare 56

Future CFO

JUNE 15, 2021

While 62% of organisations expect external audit fees to rise this year, they could combat this by automating their internal controls, said Gartner recently when releasing results of a survey of 166 publicly traded and privately held external audit firm clients across industries in March-April of 2021.

Auditing 52

Auditing Financial Reporting Finance Investments 52

Future CFO

APRIL 15, 2024

The new technological advancement paves way for powerful insights and trends to help out finance professionals to streamline audits and boost risk management and compliance. BlackLine, Inc. The functionality enables new and actionable visibility into companies’ journal entries and process and allows for dynamic KPI trending.

Finance 52

Finance Auditing Compliance Risk Management 52

PYMNTS

SEPTEMBER 10, 2019

Expense management and reporting technology firm AppZen announced a $50 million fundraise Monday (Sept. Our AI technology changes that as it … learns from those data, intelligence from thousands of internal and online sources, and the collective feedback from millions of hours of finance professionals’ time.”.

Auditing 43

Auditing Accounts Payable Invoicing Compliance 43

Future CFO

JUNE 24, 2024

This will be an ongoing challenge with AI as there should always be a means to review and audit the system and results. Since the technology is new, there is the question of how Gen AI Financial Statements undergo the scrutiny of regulatory requirements and audits.

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

CFO Talks

SEPTEMBER 17, 2024

For CFOs, ensuring that financial data is accurate, secure, and easily accessible is essential to driving sound decision-making and maintaining regulatory compliance. Cloud-Based Solutions: Cloud technology allows CFOs and their teams to access financial data anytime, anywhere.

Financial Reporting 52

Financial Reporting Auditing IFRS CFO 52

CFO Leadership

OCTOBER 10, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 95

Accounting Finance Auditing IFRS 95

Bramasol

OCTOBER 2, 2024

However, SAP understands the critical role technology can play in creating promising results in addressing issues like climate change and creating a more circular economy. These include carbon taxes and ETF trading schemes, emphasizing the urgency to meet data and compliance standards.

SAP 84

SAP Prioritization Education Compliance 84

PYMNTS

OCTOBER 24, 2019

In an effort to change the global hotel corporate payment process, end-to-end business travel technology provider HRS is rolling out a new corporate hotel payment platform. He continued, “When our clients use our payment solutions, we’ve seen hotel compliance rise by on average 23 percent.

Compliance 40

Compliance Auditing Invoicing eCommerce 40

E78 Partners

MAY 8, 2024

ITSM is short for Information Technology Service Management, and in ServiceNow, it means a collection of practices, processes, and tools that are used to create, provide, manage, and enhance IT services that meet the requirements of an organization and its customers. What is ITSM within ServiceNow?

Leverage 52

Leverage Compliance Auditing Invoicing 52

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Analysts agree that a company should work with partners, advisors and technologies that can help them manage their compliance demand across borders.

Compliance 58

Compliance Marketing Currencies Corporate Finance 58

Future CFO

FEBRUARY 22, 2024

The pressure on finance leaders to deliver strategic insights and ensure compliance is mounting in this dynamic environment. Additionally, CFOs are now required to oversee compliance beyond traditional financial reporting, which extends to new areas such as ESG," Chee adds. These challenges, like tangled vines, impede progress.

Financial Planning and Analysis (FP&A) 97

Financial Planning and Analysis (FP&A) Finance Compliance SAP 97

The Charity CFO

MAY 6, 2022

It also takes time to build-out software and technology capabilities. The Uniform Grant Guidance (UCG) outlines these rules that recipients of federal grants must follow to maintain compliance; and penalties for non compliance can be severe. Do I need an audit to secure federal grant funds?

Nonprofit 119

Nonprofit Auditing Financial Systems CFO 119

CFO Talks

SEPTEMBER 5, 2024

Whether it’s streamlining financial reporting, enhancing data accuracy, or ensuring compliance with South African regulatory standards, clearly defining these objectives will guide the entire design process. Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

CFO Plans

MAY 2, 2024

Whether you operate in technology, hospitality, manufacturing, trading, or property management, ensure that your chosen partner has a deep understanding of your industry’s unique challenges and opportunities. Evaluating Security and Compliance When it comes to financial data, security and compliance are non-negotiable.

Accounting 52

Accounting Problem Solving Communication Compliance 52

Future CFO

NOVEMBER 2, 2020

China is the most complex jurisdiction for financial compliance in Asia Pacific while Hong Kong is the easiest, said TMF Group recently. Jurisdictions in APAC lag significantly behind the adoption of technology to streamline and simplify processes. Report highlights.

Compliance 40

Compliance IFRS GAAP Accounting Principles 40

Future CFO

OCTOBER 22, 2023

Cloud accounting is rapidly gaining popularity among chartered accountants as digital technology advancements and the growth of cloud computing continue in today's world, posing opportunities for companies for innovation. Meanwhile, as with most advancements in technology, challenges come in along with the innovation.

Accounting 52

Accounting Auditing Compliance Technology 52

Future CFO

JANUARY 26, 2024

The technological advancement provides more than just automation and reshapes roles, empowering finance teams to zero in on strategic activities like data analysis, supplier negotiations, and decision-making. 9) Audit preparation: Efficiency and compliance Preparing for audits can be a time-consuming and stressful process.

Accounts Payable 52

Accounts Payable Cash Flow Forecasting Accounting Invoicing 52

Global Finance

JUNE 14, 2024

Financial institutions have been facing tough challenges between economic uncertainty and an unprecedented technology-powered speed of change, especially since the Spring Bank Run of 2023. A value-based approach can leverage the existing power of digital and cloud to evolve quickly with complete transparency and auditability.

Leverage 93

Leverage Risk Management Compliance Concentration 93

CFO Talks

AUGUST 29, 2024

Using Technology Today’s digital tools can make treasury management easier and more accurate. Practical Tip: Invest in technology that integrates with your existing systems. Regularly audit your treasury operations to ensure you’re in compliance. This will help you avoid fines and keep your business in good standing.

Treasury 93

Treasury Cash Flow Forecasting Foreign Exchange Currencies 93

VCFO

MARCH 21, 2024

Here, we examine what generative AI is, the benefits and risks, and considerations for creating a generative AI policy that positions the technology to work for your business, not against it. Doing so will also provide clarity to your employees concerning tools and technology they’ve already used or may wish to use in supporting their work.

Microsoft Office 77

Microsoft Office Compliance Auditing Education 77

CFO Leadership

OCTOBER 18, 2023

This technology offers unprecedented rewards, but it also presents new risks that we all must navigate. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. For instance, could financial statements generated by ChatGPT withstand audit scrutiny?

Accounting 52

Accounting Finance Auditing IFRS 52