Centage

OCTOBER 3, 2022

Disadvantages of Excel for Financial Forecasting While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Future CFO

AUGUST 21, 2023

Compliance and regulatory : Use classification models to analyse new regulations to understand new obligations or build audit plans by analysing the risk environment and operational metrics. Fraud and waste : Use Machine Learning (ML) to detect fraudulent patterns.

Finance 98

Finance Compliance Data Analysis Leverage 98

Embark With Us

JANUARY 19, 2022

Put another way, with Alteryx involved, information from disparate data sources can flow into your chart of accounts or general ledger without the manual heavy-lifting that's traditionally plagued accounting functions. And don't forget about the advantages such data integrity and immediate data analysis can have on your decision-making.

Accounting 98

Accounting Finance Data Analysis General Ledger 98

Fpanda Club

SEPTEMBER 2, 2021

Familiar with data analysis and armed with powerful tools, FP&A teams start to play more visible roles in the organizations providing their leaders with actionable insights and recommendations on the best ways to achieve company’s objectives, thus, having the direct impact on their company’s results and success.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Forecasting 130

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

Future CFO

APRIL 12, 2023

This cover maximising the workload of the financial team, automating the financial administration process, as well as easing the financial data analysis," he added. Hence it is necessary to audit all the hardware needed, upgrade and allocate special investment to the infrastructure for more sustainable system results.

Finance 98

Finance Benchmarking CFO Data Analysis 98

Future CFO

AUGUST 30, 2023

Professionals looking to specialise in a ‘green’ job may wish to consider getting certified for BEAM, WELL, LEED, or Carbon Auditing, depending on regulatory requirements. Stakeholder management, strategy and change management and data analysis skills were all seen as vital for relevant roles.

Data Analysis 52

Data Analysis Auditing Communication Finance 52

Bramasol

SEPTEMBER 10, 2023

Two of the most important issues involve the security and timeliness of data used to train the AI models. A third issue is to provide more transparency on sources of data to assure auditability of AI generated results.

SAP 82

SAP B2C B2B Microsoft Office 82

CFO Leadership

OCTOBER 10, 2023

Your company’s technology specialists are an obvious choice, but also consider consulting with leaders from functions like internal audit and compliance. That said, leading finance organizations are already experimenting with and, in some cases, using AI to drive more informed decision-making.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

Planful

MAY 27, 2015

Here’s some of the key points that panelists highlighted: Governance : Adopt public company standards – regular board meetings, financial reporting, auditing. Key traits of CFO in private equity company: Be objective, data-oriented. Ensure credibility – accurate reporting and forecasting, data analysis, advice.

CFO 40

CFO Auditing Data Analysis Forecasting 40

Future CFO

DECEMBER 17, 2023

Exceptions will trigger AI-driven, automated audits to ensure compliance. Embracing AI, automation, and data analysis will help finance teams bring more strategy to the organisational table and find a greater sense of confidence amid the uncertainty.

SAP 52

SAP Finance Budgeting Data Analysis 52

Centage

SEPTEMBER 6, 2022

Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

Securities 52

Securities Cash Flow Forecasting Budgeting Forecasting 52

PYMNTS

MARCH 13, 2019

In the PYMNTS interview, Messer took Webster on a deep dive into a growing area of early 21 st century billing practices — one that increasingly relies on mobile technology, data analysis and other areas to provide cost-saving options for companies at risk of leaking too much revenue from inefficient billing practices.

B2C 62

B2C B2B Data Analysis Technology 62

Centage

OCTOBER 14, 2021

Multiple rounds of audits and reviews to help ensure accuracy. With Planning Maestro , Centage offers the sophisticated features needed by small and mid-market organizations to integrate budgeting , forecasting , and deep data analysis within one easy-to-use, scalable SaaS solution. The solution?

Financial Reporting 59

Financial Reporting Financial Planning and Analysis (FP&A) Budgeting Concentration 59

CFO Talks

OCTOBER 21, 2022

“In the article and auditing world, you’re very blessed because you’ve got people everywhere you turn. “We discussed whether it’s the responsibility of the CFO or the IT person to deal with data analysis and data uploading. The value of spending time with like-minded people .

CFO 52

CFO Data Analysis Auditing Transportation 52

Centage

JULY 25, 2023

When you begin sharing your Excel spreadsheet across your business, you put your sensitive data at risk for security concerns. Additionally, Excel lacks audit trail capabilities, which makes it challenging to prevent fraud , as numbers can be changed easily by any user. Excel is ideal as a single-user tool.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

Future CFO

AUGUST 30, 2021

To fulfil these requirements, soft skills such as stakeholder management, relationship building, emotional intelligence, problem solving and communication are crucial for finance professionals in 2021 alongside core technical capabilities such as financial planning, modelling and data analysis. .

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Problem Solving CFO 52

Centage

OCTOBER 3, 2022

While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. To conduct financial data analysis, your business needs to test various hypothetical scenarios. Fraud can be challenging to prevent if there is a lack of an audit trail with Excel.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

The Finance Weekly

JULY 19, 2022

Ensuring that the company's accounts and finances are audit-ready at closing. Board is used to help small businesses to large enterprises improve their decision-making processes by integrating data analysis and intelligence processes within a single platform. Proactive budgeting with an expert understanding of company finances.

Financial Planning and Analysis (FP&A) 96

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

The Finance Weekly

APRIL 28, 2024

All from within Excel, Connect equips users to import live data from all ERP systems, effortlessly construct reports, and access all ERP data from your spreadsheets. Key Features Datarails Connect offers AI-powered financial data analysis within Excel, providing real-time insights and easing IT burdens.

Financial Planning and Analysis (FP&A) 52

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

Future CFO

JUNE 3, 2024

The next measure, according to Wood, is on fostering collaboration among teams involved in data management and compliance efforts promotes accountability and transparency in data handling, leading to more robust data protection measures.

Finance 40

Finance Compliance Auditing Leverage 40

Collectiv

FEBRUARY 2, 2022

In this class, drill down on topics like advanced PowerQuery, M Coding, advanced modeling techniques, and using Data Analysis Expressions (DAX). After an implementation, IT is responsible for keeping your new tool and the data within it secure. Specialized training for IT support staff.

Education 52

Education Benchmarking Data Analysis Prioritization 52

Jedox Finance

JULY 11, 2023

4 Due to the tight adoption timeline, with the first organizations having to report starting January 2024, organizations must pursue new systems, data-gathering processes, and controls necessary to comply with new reporting requirements.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Profit and Loss Compliance 52

The Finance Weekly

JANUARY 21, 2024

In this case, you will find that not all Excel-based data analysis software tools will be compatible. Even more frustrating, it may be compatible with some of your software systems, but not all, resulting in more inefficiency you were aiming to reduce by using data analysis software in the first place.

Financial Planning and Analysis (FP&A) 40

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

PYMNTS

MARCH 27, 2020

That was really the focus early on, to be able to be PCI-compliant and pass an audit,” Saunders said. “We All transactions go through its Payment Card Industry (PCI)-compliant payment network, which uses a third-party authentication process to approve transactions.

Communication 52

Communication Auditing Leverage Securities 52

Future CFO

APRIL 23, 2020

This means that the individual is essential to the strong stewardship of sustainable organisations for the future in areas such as auditing, risk management, and compliance. If an individual possess these skills, he or she would be suited for the Assurance Advocate career zone.

Accounting 40

Accounting Finance Data Analysis Auditing 40

The Finance Weekly

JULY 31, 2023

His expertise spans financial analysis , budgeting, business partnering, financial storytelling, excel, and audit. He also stresses the importance of , soft skills and human interaction , along with the ability to effectively leverage data to create value.

Corporate Finance 52

Corporate Finance Finance Leverage Accounts Payable 52