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Taking a strategic approach to AI adoption

Future CFO

New research from global data and cloud solutions company Hitachi Vantara found that while Asia is outpacing the world in AI adoption, poor data quality and security risks threaten to stall progress. Collaboration between finance and IT teams is vital in maintaining compliance with regulatory standards and data security protocols," he adds.

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The Governance You Sign Off is the Reputation You Keep 

CFO Talks

Beyond the Boardroom: What Governance Really Looks Like Good governance doesnt start and end with your annual board calendar or the independence of your audit committee. Who signs off on financial models? Inflated earnings, non-disclosures, audit failuresevery one of them passed through a CFOs hands.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

The process of generating what-if scenarios and financial models or incorporating several variables at once could be time-consuming. The multi-dimensional model could also be challenging to envision, which may lead to errors and oversights. Fraud can be challenging to prevent if there is a lack of an audit trail with Excel.

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New SAP AI Initiatives Will Enhance Order-to-Cash to Compliance Processes

Bramasol

Interactive queries, such as identifying potential challenges with upcoming audits Proactive modeling and evaluations, such as impacts of pricing increases or discounts segregated by channels, geographies, etc. to drive financial models. As with Scenario One, unified and consistent data will be key.

SAP 83
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A Buyer’s Guide for the Top 10 FP&A Software 2022

The Finance Weekly

FP&A teams are responsible for a variety of activities, including periodic financial close and consolidations, strategic and annual planning, monthly forecasting, cash flow forecasting, financial reporting, financial modeling, and what-if scenario planning and analysis. Strategic financial planning.

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

The process of generating what-if scenarios and financial models or incorporating several variables at once could be time-consuming. The multi-dimensional model could also be challenging to envision, which may lead to errors and oversights. Data Security Vulnerabilities. Identify relevant trends.

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Staying Steady: Managing Financial Uncertainty with Confidence

CFO Talks

Instead of relying on a single forecast, consider creating multiple financial models that reflect best-case, worst-case, and moderate scenarios. Actionable Steps: Conduct an audit of your current cost structure and identify areas where fixed costs can be converted to variable costs (e.g.,