Remove Auditing Remove Financial Data Remove Reconciliations
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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.

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Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Bramasol

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. For any public company, the goal of successfully complying with periodic financial reviews by external auditors cannot be overstated. Why Should You Care?

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Managing Your Accounts Payable: A Guide for Small Business Owners

https://trustedcfosolutions.com/feed/

You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere. This includes the segregation of duties, approval workflows, and regular audits. ReconciliationsReconciliations involve comparing your accounts payable ledger to your vendor statements and ensuring they match.

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Generative AI is a game changer

Future CFO

The balance sheet and key financial ratios should tell the strengths and problems of the Company. It’s not easy to go through all the financial data to identify what’s relevant and what’s not. This will be an ongoing challenge with AI as there should always be a means to review and audit the system and results.

Auditing 111
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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Lack of Security Features Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

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Designing Effective Financial Information Systems: A Guide for South African CFOs 

CFO Talks

Ensuring Data Integration In today’s interconnected world, your FIS must seamlessly integrate with other business systems, such as Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Human Resources (HR) systems. This not only improves efficiency but also empowers your team to focus on more strategic tasks.

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The Basics of Nonprofit Bookkeeping

The Charity CFO

A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . The nonprofit bookkeeper is the front line in the battle for the accurate financial data you need to run your business, so let’s review the core responsibilities of a nonprofit bookkeeper. . Manage payroll .