CFO Talks

OCTOBER 16, 2024

Define Clear Goals and Objectives Before diving into any financial project, it’s crucial to define what success looks like. Whether it’s improving cash flow, reducing costs, or upgrading financial systems, each project must have clear, measurable goals. How will we measure success?

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Future CFO

FEBRUARY 2, 2025

Charlie Cheah , managing director, Esker Asia , believes that CFOs and in a bigger context, the Office of the CFO in Asia, face several challenges when integrating AI into financial systems, given the region's diverse technological landscape. "In

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Accounts Payable Accounting Invoicing CFO 52

PYMNTS

DECEMBER 14, 2018

That can not only can save time, Chen told PYMNTS in a May interview , but can also make those recipients feel like they are part of the mainstream financial system. Part of the reason the EBT card was invented was to reduce the stigma of government benefits, to make it feel like a financial tool,” he said at the time.

Budgeting 76

Budgeting Financial Systems Investments Finance 76

Centage

MAY 31, 2022

In fact, according to a recent survey by Centage FP&A Trends, 61 percent of respondents said budgeting and forecasting was their top priority. In light of these findings, it’s clear that spreadsheets must be replaced by more sophisticated, nimble forecasting applications that integrate with existing financial systems with ease.

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CFO Talks

SEPTEMBER 25, 2024

Curate a list of recommended resources for your team and set aside a budget for courses and training. For instance, when implementing a new financial system, involve your team in the set-up and decision-making processes, turning the project into a hands-on learning experience.

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Finance CFO Budgeting Financial Systems 98

Future CFO

SEPTEMBER 26, 2024

According to non-profit research organisation APQC , when these systems are optimised and are able to produce reliable data that finance professionals and senior leaders trust, then automation can reduce the number of full-time equivalents (FTEs) needed in this area, even during busy seasons.

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Michigan CFO

JUNE 7, 2023

Virtual CFOs offer a range of financial services tailored to the specific needs of businesses. Virtual CFOs act as strategic partners, helping businesses navigate financial challenges and capitalize on opportunities. Budgeting: Virtual CFOs help businesses develop comprehensive budgets that align with their objectives.

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CFO Problem Solving Budgeting Financial Systems 52

Future CFO

DECEMBER 31, 2021

According to Gartner , finance leaders anticipate a greater percentage of their time will be spent in improving flexibility of budgeting & forecasting (58%), closely followed by developing digital skills (56%) and redefining employee value proposition in hybrid environments. What does this mean to the finance and accounting team of 2022?

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Global Finance

OCTOBER 10, 2024

Bangladesh has suffered years of financial system dysfunctionality. Still, the full extent of the malfeasance of Hasina’s Awami League regime is set to emerge, as Mansur described the “designed robbery of the financial system” in a BBC interview given shortly after his appointment. It cut benchmark rates to a record 0.5%

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Benchmarking Foreign Exchange Forecasting Economics 98

Lime Light

NOVEMBER 17, 2024

Cube FP&A is a well-known financial planning and analysis (FP&A) tool that has gained popularity for its ability to streamline financial reporting, budgeting and forecasting processes.

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Financial Planning and Analysis (FP&A) Budgeting Forecasting Financial Systems 40

PYMNTS

AUGUST 10, 2017

These services can include merchant processing, ACH payments, budgeting tools and, in some cases, lending products. As more FinTechs seek to engage with banks’ financial systems, Carone said APIs are going to be play a key role in helping these newcomers work effectively with more established financial institutions’ legacy systems.

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Banking B2B Startups Foreign Exchange 80

The Finance Weekly

DECEMBER 20, 2023

Board International ,, Board is a planning system designed to help FP&A and planning teams move away from using spreadsheets and transition to the Board software. The software includes features for budgeting, planning, reporting, and workforce planning. Integration with various data sources like HR systems and payroll systems.

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Financial Planning and Analysis (FP&A) Planning General Ledger Budgeting 52

The Finance Weekly

DECEMBER 20, 2023

10 Best Workforce Planning Software to Choose From Here are the best workforce planning software tools to choose for your business in 2024: Datarails ,, Datarails is a software platform designed to make financial budgeting and planning easier for organizations, including some features for workforce planning. Self-service planning.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger Budgeting 52

Spreadym

MAY 15, 2023

FP&A (Financial Planning and Analysis) software is typically designed to meet the specific needs of finance professionals, CFOs, financial analysts, and other stakeholders involved in financial planning and analysis. Also, this process includes such activity as budgeting, forecasting and scenario modelling.

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Financial Planning and Analysis (FP&A) Budgeting Forecasting Financial Modeling 52

Adam Kae

JULY 17, 2023

In this blog post, we will explore key financial strategies that can help you effectively scale your agency and drive long-term success. From budgeting and forecasting to optimizing revenue streams, we'll cover essential considerations to empower your agency's growth journey.

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Spreadym

JUNE 27, 2023

What is Financial Planning and Analysis or FP&A? FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. What is Financial Planning and Analysis? The primary objectives of FP&A.

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PYMNTS

JANUARY 23, 2020

Due to the fragmented nature of today’s financial systems, it’s become increasingly difficult for people to track how their next paycheck will compare to their upcoming bills, which makes saving nearly impossible,” said Even CEO Jon Schlossberg.

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CFO Plans

AUGUST 9, 2024

By leveraging the expertise of seasoned financial professionals, companies can gain strategic insights without the overhead costs of a full-time CFO. For instance, a mid-sized manufacturing company saw a 15% increase in profitability within a year of engaging an outsourced CFO who streamlined their budgeting and forecasting processes.

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Accounting Tax Planning CFO Startups 52

PYMNTS

AUGUST 14, 2019

More broadly, however, Blanco’s theme was the interconnectedness of the financial system – and how diligence and transparency is the key to combating money laundering and other financial crimes in the U.S. and around the world. kilograms of methamphetamines and more than $5.5 million.

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Beacon CFO Plus

SEPTEMBER 27, 2023

These are just a few reasons to consider working with a seasoned part-time CFO as you launch your business: Financial Strategy and Planning: Startups often lack the financial expertise needed to develop sound strategies and plans for sustainable growth.

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Spreadym

JUNE 6, 2023

It provides insights into the potential financial outcomes and helps in setting goals, budgeting, resource allocation, and evaluating the financial feasibility of projects or initiatives. It may be used for: Budgeting and financial planning: Financial forecasts are used to develop budgets and allocate resources.

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Forecasting Budgeting Planning Financial Modeling 52

Global Finance

SEPTEMBER 4, 2024

A study by Tobias Adrian at the IMF asked independent central banks what aspect of independence they believed is the most important, and 74% of them said their financial independence was even more important than operational independence. However, doing innovation sometimes means competing with the financial sector for people.

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Banking Economics Currencies Finance 105

Future CFO

NOVEMBER 1, 2021

CFOs look to move their financial systems or ERP to the cloud despite the rapid increase in cyberattacks driven by organisations’ embrace of digital transformation. Organisations to increase cyber defense budgets With hackers becoming savvier, organizations are more inclined to increase their cyber defense budgets, Deloitte said.

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The Charity CFO

NOVEMBER 23, 2022

They are responsible for the financial health of the organization. They create and maintain financial records, prepare financial reports, and oversee the organization’s budget. This background helps them provide oversight for and manage all forecasts, budgets, and investments for the organization.

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Planful

NOVEMBER 24, 2015

Putting Stress on Financial Systems. One of the biggest challenges may be in long overdue rehabilitation of their existing financial systems. There are several common problems with many of the accounting and financial systems in use today. Acquisitions often bring their diverse systems into the mix, too.

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Accounting Finance Financial Systems Budgeting 40

Planful

JANUARY 28, 2016

Due to being such a dynamic and high-growth industry, budgeting and forecasting is a challenging process. According to Tantoco, prior to cloud-based EPM, their organization was buried in spreadsheets, which led to the budgeting and forecasting process being conducted manually. This was incredibly tedious and time-consuming.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Forecasting Budgeting Pharmaceutical 40

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. The federal entity is charged with monitoring the U.S.

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CFO Plans

SEPTEMBER 24, 2024

However, with the advent of scalable accounting solutions, businesses of all sizes can streamline their financial operations and focus on growth. Imagine having a seamless financial system that not only saves you time but also propels your business forward.

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CFO News Room

NOVEMBER 18, 2022

Take, for example, how the Fed views statistics, such as employment numbers, when it’s thinking about inflation or raising rates so quickly, which is really constraining to people on an actual budget facing other inflationary pressures, and, by the way, not actually doing anything about inflation.

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Michigan CFO

JUNE 14, 2022

Since one of the primary goals of these designations is to maintain the financial health of an organization, they are also required to create strategies and internal financial control measures that will curb reckless spending to avoid bankruptcy. They oversee budgeting and expenses to ensure proper resource management of state funds.

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PYMNTS

MAY 4, 2018

New features being rolled out include grocery discounts and information tied to social services, job openings, budgeting help and even advice on healthy eating. Part of the growth plan involves a focus on financial education. The app’s budgeting feature has produced significant results. We are a private sector company.

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Budgeting Education Financial Systems Retail 40

The Charity CFO

JUNE 7, 2023

Essentially the focus on programs and results is dependent on the financial function. The Problem Unfortunately, when the financial system is not built for scale, it pulls the executive director into a position of spending time on financial minutiae. And so this year, we essentially had to write two budgets.”

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CFO Talks

MARCH 19, 2024

Leading by Example Consider a CFO who champions the adoption of a new cloud-based financial system. For example, a CFO who reallocates budget to fund critical training sessions for new financial software or hires external consultants to ensure a smooth transition, demonstrates the strategic priority of these changes.

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PYMNTS

JULY 24, 2018

Years of growth and expansion can make the task of upgrading existing legacy financial, ERP and accounting systems a monster of a task. Add in the disparate systems of other companies acquired over the years, and streamlining existing financial systems can seem next to impossible.

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Global Finance

OCTOBER 11, 2024

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

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Banking Foreign Exchange Profit and Loss Finance 111

The Charity CFO

FEBRUARY 27, 2023

Oversight and compliance In order for a nonprofit to be financially healthy, the right policies and procedures need to exist to guide financial duties. Potential oversight tasks could include establishing processes for budget review and selecting an auditor. Treasurers aren’t just numbers people.

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Nonprofit Compliance CFO Leadership 52

Planful

JULY 12, 2021

. “The organizations that wait to automate their financial processes will find it hard to grow and scale their business,” says Licia Salice-Jarisch , SVP of Finance at Binary Fountain. ” The ideal functions suited for financial planning automation are repetitive and rule-based. The result? Even better?

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