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Elevating CFO Roles: Dr. Christian Ayiku Discusses Strategic Adaptations in a Digital World

CFO Talks

Understand and Adapt to Customer Payment Preferences One of the critical roles of a modern CFO is to ensure that the company’s financial systems are aligned with customer preferences. Leverage Digital Payments for Efficiency The shift towards digital payments is not just a trend; it’s a strategic necessity.

CFO 52
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What is a Virtual CFO? A Guide for Businesses

Michigan CFO

Virtual CFOs leverage cloud-based accounting systems, collaborative tools, and remote communication to provide financial services to businesses on a part-time or “fractional” basis. Virtual CFOs act as strategic partners, helping businesses navigate financial challenges and capitalize on opportunities.

CFO 52
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Scaling A Digital Marketing Agency: A CFO's Guide to Success

Adam Kae

At Adam Kae & Associates, we not only create financial strategies and financial systems for digital marketing agencies, but we are instrumental in helping successfully implement them. We'll also cover cash flow forecasting techniques and risk management to minimize financial uncertainties.

CFO 52
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Understanding and driving finance transformation in 2023

Future CFO

Therefore, leveraging cloud-based automation can help the finance function streamline its internal processes to achieve greater accuracy in lesser time. Some examples include the number of manual financial processes, the accuracy of financial reporting and financial forecasts, the time taken for the month-end close process and so on.

Finance 52
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Guide to Avoiding a Year-End Financial Close Meltdown

Planful

The Hackett Group benchmark research shows that world-class companies will consolidate and close the month-end books within 3 days, and report within 2 days. This includes looking at industry benchmarks and implementing best practices. Technology should be leveraged as an enabler of an improved process, not the answer in itself.

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Change Management: The Modern CFO’s Blueprint 

CFO Talks

Identifying Strategic Priorities The process begins with a thorough analysis of the current financial landscape and an evaluation of emerging technologies, like AI, that can significantly enhance operational efficiencies. Leading by Example Consider a CFO who champions the adoption of a new cloud-based financial system.

CFO 52
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What is Financial Planning and Analysis (FP&A)?

Spreadym

These stages may vary depending on the organization and its specific requirements, but here are the common stages in FP&A: Data Gathering: The first stage involves collecting relevant financial and non-financial data from various sources within the organization.