Remove Auditing Remove Financial Analysis Remove Financial Modeling
article thumbnail

Taking a strategic approach to AI adoption

Future CFO

Platforms like Hitachi iQ enable advanced financial modelling and anomaly detection, while automation has reduced the burden of reconciliation and regulatory reporting, allowing teams to focus on strategic decision-making." Regular skills audits can help finance leaders understand where gaps exist," he says.

article thumbnail

Generative AI is a game changer

Future CFO

It still needs a level of financial acumen to probe the data and ask the right questions to the system. The hardest part of financial analysis is going over data and seeing relevant information, flagging data variances and coming out with a comprehensive analysis for decision-making.

Auditing 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

5 Excel-heavy Pain Points still Dragging down finance teams in 2025

The Finance Weekly

However, even with these advanced ERP systems and other third-party software products, most small to large businesses still must manually use Microsoft Excel (Excel) for financial analysis, reporting, and other activities. These legacy financial models typically appear overly complicated.

article thumbnail

Where Can FP&A Career Path Take You?

Fpanda Club

This process usually presumes the close collaboration of FP&A teams with business leaders and executives to align goals and expectations and create a common financial model of future revenues, costs and cash flows based on the external and internal factors and conditions.

article thumbnail

A Buyer’s Guide for the Top 10 FP&A Software 2022

The Finance Weekly

It’s the budgeting, financial forecasting, financial analysis, and decision-making that support an organization's health and strategy. Analyzing the effects of past and future financial activities and behavior in order to evaluate risk. Ensuring that the company's accounts and finances are audit-ready at closing.

article thumbnail

Finance vs. Accounting

CFO Simplified

Preparation for annual audits. CFOs are part of the company’s internal finance team just as bankers, and CPAs, are part of the company’s external finance team. Roles and Responsibilities in the accounting department include: Maintaining the books (Bookkeeping). AR/AP Accounts receivable and payable . Invoicing and collections. The Upshot.

article thumbnail

Beyond the Basics: 7 Key Focus Areas for New CFOs

CFO Talks

This involves rigorous financial analysis to assess the viability of new projects, coupled with a strategic perspective on how these investments align with the company’s long-term goals. By applying a balanced approach, CFOs can ensure that innovation efforts are both ambitious and financially sound.