CFO Simplified

APRIL 15, 2024

Are you missing Strategic Planning? Let’s quickly get through the first three items in any strategic plan. Financial Planning: Develop a robust financial plan. That plan will include not just looking at the future, but also planning for the present. Here’s a quick review.

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Fpanda Club

MARCH 28, 2021

This article describes the FP&A maturity assessment model focused on major tasks of the function (strategic planning and budgeting, forecasting, analytics, management reporting, performance management and decision support) and built around 3 key areas – processes, tools/systems and people.

Forecasting 130

Forecasting Budgeting General Ledger Finance 130

The Charity CFO

FEBRUARY 27, 2024

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit.

Nonprofit 52

Nonprofit Budgeting Profit and Loss CFO 52

CFO Talks

NOVEMBER 21, 2024

My goal is to leverage my experience and skills in finance and strategic management to drive growth, operational efficiency, and long-term success for an organization. First and foremost is financial acumen—understanding financial reporting, budgeting, forecasting, and compliance is foundational.

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CFO Leadership Communication Problem Solving 98

Centage

OCTOBER 11, 2022

In reality, it’s more science than art, and should be a critical component of management’s operational planning – especially during uncertain times. So today, workforce planning has never been more challenging to manage as these factors add pressure to effectively executing workforce planning and budgeting.

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The Finance Weekly

OCTOBER 13, 2021

These offices, sometimes called the Office of Strategy Management (OSM) or Project Management Offices (PMO), handle measures, reporting, strategic projects, alignment, communications, and strategic planning, which are all under the guise of CPM. A prime example of such innovations is of course CPM software.

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Fpanda Club

SEPTEMBER 2, 2021

The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.

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CFO Share

JULY 16, 2024

For small businesses employing a fractional CFO , understanding the core responsibilities of a CFO can help leverage their expertise effectively. Strategic Planning and Forecasting CFOs create long-term financial plans and forecasts.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO General Ledger Compliance 98

CFO Talks

FEBRUARY 2, 2024

In the evolving role of a Chief Financial Officer (CFO), mastering risk management, budgeting, and forecasting tools is crucial. A CFO’s role is to identify, evaluate, and mitigate these risks through strategic planning, ensuring the integration of risk management processes across all departments of the organisation.

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CFO Risk Management Strategic Planning Forecasting 52

The Charity CFO

OCTOBER 14, 2024

Many founders don’t anticipate the complexities involved in scaling, from creating proper budgets to managing employees and developing sustainable fundraising strategies. The Importance of Strategic Planning Sarah stressed the need for both a business plan and a strategic plan. Need help scaling?

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Nonprofit Strategic Planning Budgeting CFO 52

VCFO

MARCH 2, 2023

Some may think that makes financial management and strategic planning in a professional services firm simpler. This approach often manifests itself through mental exercises of “we did X in revenue this year and want to do Y% more next year,” but lacks sufficient thought and planning as to how that’s going to happen.

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Planful

SEPTEMBER 28, 2016

Why Is Budgeting Such a Challenge for Finance Today? The challenges with the budgeting process are both internal and external. According to Lee Feingold , Senior Associate at the Keystone Group, forecasting and budgeting has always been a challenge. What Are the Key Trends CFOs See in Budgeting?

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Budgeting Planning Forecasting CFO 40

The Finance Weekly

MAY 5, 2024

When it comes to sales planning, it's all about creating a flexible strategy that your sales team can rely on to hit those sales goals within a set time frame. This plan covers everything from activities and target markets to budget, resources, and market positioning. What is Revenue Planning?

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Planning Sales Forecasting Strategic Planning 72

Centage

NOVEMBER 14, 2023

For the finance team, reforecasting (sometimes called budget reforecasting or financial reforecasting) is the best mechanism for effectively managing changes in strategic planning throughout the budget year. What is budget reforecasting? What is budget reforecasting?

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Budgeting Forecasting Strategic Planning Planning 52

Spreadym

SEPTEMBER 27, 2023

Spreadym offers a wide range of analysis tools, like plan vs. actual analysis, financial consolidation, budgeting, forecasting and a variety of stored versions of a document. Oracle Hyperion Planning: Oracle's CPM software is known for its robust financial planning and budgeting capabilities.

SAP 59

SAP Budgeting Forecasting Auditing 59

Future CFO

JANUARY 7, 2024

By leveraging advanced analytics and cloud technology, CFOs can drive strategic insights, improve forecasting accuracy, and optimise cash management. CFOs must also be well-versed in leveraging emerging technologies to boost their business performance. The post The risks CFOs must face in 2024 appeared first on FutureCFO.

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CFO Plans

SEPTEMBER 24, 2024

This proactive approach is vital for strategic planning and long-term success. Leverage Technology: Utilize Remote Accounting Solutions and Virtual Financial Controller Services to streamline the forecasting process. Embrace financial forecasting today and plan with precision for a prosperous tomorrow.

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Forecasting Planning Strategic Planning Leverage 52

PYMNTS

MARCH 30, 2017

Grant Thornton released its 2017 CFO Survey this week to find that most of these executives said strategic planning is their top priority within the enterprise, surpassing other priorities like performance management or even increased cash flow. There are other ways CFOs are being pulled in two directions, too.

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CFO Strategic Planning Corporate Finance Risk Management 51

CFO Share

AUGUST 22, 2024

CFO compensation increases with extensive experience in your industry, proven strategic planning skills, and a track record of driving financial performance. By leveraging the expertise of a fractional CFO, businesses can navigate financial complexities, optimize performance, and achieve sustainable growth.

CFO 52

CFO Restructuring Strategic Planning Budgeting 52

The Charity CFO

AUGUST 2, 2023

Sarah is a seasoned leader in the nonprofit sector, leverages over 18 years of experience to guide organizations towards success. Specifically about how nonprofit organizations can handle budgeting for the next fiscal year. However, when it comes to budgets, they’re merely a projection and not necessarily a reality.

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The Finance Weekly

JUNE 17, 2024

Financial planning and analysis (FP&A) is important in automating all of the manual tasks in the finance department and giving everyone greater insights into the data. FP&A not only supports business and financial decision-making but also provides management with insights into the organization’s strategic plans and investments.

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Spreadym

JUNE 27, 2023

FP&A is a process used by organizations to develop and manage their financial plans and make informed decisions based on financial analysis. It involves forecasting, budgeting, analyzing, and reporting financial information to support strategic planning and operational decision-making.

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Centage

OCTOBER 11, 2022

In reality, it’s more science than art, and should be a critical component of management’s operational planning – especially during uncertain times. So today, workforce planning has never been more challenging to manage as these factors add pressure to effectively executing workforce planning and budgeting.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

JUNE 7, 2023

This information is crucial for financial planning, budgeting, and identifying potential areas of revenue growth. This analysis supports financial analysis, budgeting, and investment decision-making. By leveraging these financial statements and their diverse uses, nonprofit organizations can pursue their mission with confidence.

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Nonprofit Accounts Payable Budgeting Financial Analysis 52

CFO Plans

JULY 25, 2024

Leverage Virtual CFO Services and Financial Consulting For manufacturing businesses that may not have the resources to hire a full-time CFO, SaaS accounting software can be a valuable asset. Many platforms offer virtual CFO services, providing expert financial guidance and strategic planning support.

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The Finance Weekly

JULY 14, 2024

That’s exactly how Long-range Planning (LRP)works – not only for individuals but for businesses as well. It extends beyond conventional budgeting, planning, and forecasting processes which usually span a year, and concentrates mainly on financial goals and key initiatives that are 5-10 years or more into the future.

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Planning Leadership Budgeting Financial Analyst 52

CFO Talks

NOVEMBER 11, 2024

This includes proficiency in budgeting, forecasting, and financial modelling to make informed strategic decisions. Strategic Thinking: Aspiring CFOs must develop the ability to think long-term and align financial strategies with overall business goals. This can improve both personal and professional interactions.

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CFO Leadership Problem Solving Communication 52

CFO Share

MAY 10, 2024

By leveraging the detailed financial data they maintain, you can create a 13-week cash flow forecast that provides valuable insights into your upcoming cash obligations and helps you make better-informed decisions. Check out our blog on 3 Cash Flow Optimization Techniques for Small Businesses for strategic ways to improve your cash flow.

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The Charity CFO

MARCH 22, 2024

How does your nonprofit make strategic decisions? Leveraging data for strategic decision-making has many benefits–from improving your efficiency to increasing the success rate of campaigns or strategies. Leveraging Data in Nonprofit Leadership How can you use data effectively as a nonprofit leader?

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Nonprofit Leadership Benchmarking Leverage 52

E78 Partners

AUGUST 15, 2023

Unveiling the Role of FP&A Teams: A Holistic View FP&A teams are responsible for orchestrating financial strategies, facilitating planning, budgeting, forecasting, organizing & transforming data, and driving insightful analysis to improve decisions.

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

CFO Thought Leader

APRIL 7, 2024

This episode our Planning Aces emphasize the importance of leveraging one’s breadth of experience, stepping beyond traditional FP&A roles, and focusing on execution to bring significant value to organizations. MADE POSSIBLE BY PLANFUL | Planful is the pioneer of financial performance management cloud software.

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Financial Planning and Analysis (FP&A) Profit and Loss CFO Leadership 52

CFO Talks

MARCH 14, 2024

They play a crucial role in strategic planning, risk management, and driving innovation, extending their influence far beyond the finance department. This includes not just financial risks but also operational, regulatory, and strategic risks.

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Future CFO

JULY 25, 2023

Customers continue to leverage generative AI in their daily life, moving their expectations for user experience. Employees are concerned about job loss yet may eventually leave organisations where they can’t fully leverage generative AI.

CFO 52

CFO Education Restructuring Leverage 52

Centage

JANUARY 18, 2024

Finance teams often get asked to do more with less, which makes it important that you adopt the right FP&A tools to amplify your capabilities and create more time for strategic planning. Look for platforms that support company-wide planning, allowing different departments to collaborate effectively.

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Financial Planning and Analysis (FP&A) Data Analysis Risk Management Leverage 40

CFO Thought Leader

OCTOBER 16, 2024

McGuire finds the book especially helpful during busy times, such as year-end closings or strategic planning periods. CFO Ben Averis of Yoto recommends Exponential Organizations by Salim Ismail, a business book that explores how companies can achieve exponential growth by leveraging innovative strategies.

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CFO Leadership Prioritization Strategic Planning 52

Spreadym

JUNE 15, 2023

Driver-based planning is a strategic planning approach that focuses on identifying and prioritizing key drivers or factors that have a significant impact on the performance and success of a business. It involves analyzing and understanding these drivers to develop effective plans and make informed decisions.

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Planning Prioritization Concentration Compliance 52

CFO Talks

MARCH 19, 2024

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. Investing Time and Resources Commitment is also measured in terms of resource allocation.

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