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Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.
Pricing pressures, labor costs and talent retention struggles are creating new forecasting challenges for financial and business leaders, the AICPA & CIMA survey found.
There is no one better positioned to create sustainable financial success inside a business than the CFO. A CFO takes their financial expertise and channels it into a strategic leadership role to create financial success for the company and its stakeholders.
Balancing Cost and Service in Financial Management: A CFO’s Perspective Every decision a CFO makes carries weight on the bottom line, the team’s efficiency, and the overall direction of the business. In South Africa’s fluctuating economic environment, regular analysis is crucial.
Optimising Budgets: Strategies for Effective Financial Forecasting Financial forecasting plays a crucial role in managing budgets effectively. However, forecasting is not just about guessing numbersit is a structured process that relies on analysing past data, considering present trends, and planning. Allocate resources wisely.
Heading into 2025, accurate sales forecasting is more critical than ever. Economic uncertainties and rapid technological shifts make it essential to have a crystal-clear picture of your revenue pipeline. Here are five key ways to align your sales forecasting and budgeting processes for success in the year ahead.
The forecast that price pressures will fall aligns with a 13% decline this month in sentiment among consumers, who fuel roughly 70% of economic growth.
He shares his expertise on how an EPM solution supports managing economic uncertainty, particularly in times of crisis. What does your economicforecast look like for the foreseeable future? To achieve greater agility, the Office of the CFO needs to be able to do the following: Process a vast amount of data in a short period.
In the best, most stable of times, the job of forecasting and responding to demand is difficult at best. In a 30-year career, I’ve never seen a more uncertain, unstable economic situation than what we’re facing now, particularly for chief financial officers at private-equity-backed companies. The pandemic is.
In today’s unpredictable economic climate, staying ahead of payroll challenges is a crucial priority for business owners and finance leaders, particularly in industries like tech, hospitality, and real estate. Understanding Late Client Payment Solutions Identifying the root causes of late payments is essential.
“If you have to forecast, forecast often” (Edgar R. Need for reliable forecasts. Nobody could deny the importance of having accurate and reliable Cash-Flow Forecasts (CFF). Managing cash is easier than forecasting cash. Managing cash is easier than forecasting cash. So, what are the keys to good forecasting?
Elizabeth Burns, CFO of Gas du Cameroon (GDC), exemplifies this balance, demonstrating how strategic financial leadership can support environmental responsibility. Similarly, Pieter De Jager, CFO of Tanga Cement, pointed to the complexity of transitioning to renewable energy sources. Elizabeth, thank you so much for joining us.
Members’ Profile: Anne-Marie de Bruin In this edition of CFO Club Africa’s Members Spotlight, we are introducing Anne-Marie de Bruin, a highly experienced finance professional and the freelance Financial Manager at AM Cross Country Consulting. Leadership and communication skills are equally important.
CFOs considering changes to wages, prices and other critical points of business strategy must filter an unusual range of conflicting economicforecasts.
The economic outlook is very uncertain in these post-pandemic times. Goldman Sachs is a bit more optimistic—about the US, at least—forecasting a 35 percent chance of a recession in the US this coming year. Forecasters polled by the Wall Street Journal give it about a 65 percent chance of a recession.
These are the three Ps that guide CFO Zach Johnsons data-driven approach to financial leadership. Predictability means setting realistic forecasts, tightening pipeline management, and increasing confidence in decision-making. These are the three Ps that guide CFO Zach Johnsons data-driven approach to financial leadership. []
What Every CFO Should Know to Protect the Business (and Their Career) You dont need to be an actuary or compliance expert to understand risk. But for the CFO, risk is anything that can derail strategic goals, interrupt operations, or eat into the bottom line. Smart CFOs dont wait to be surprised.
Amid economic uncertainty, financial forecast accuracy, liquidity, cash flow, and capital structure will be among top priorities for CFOs this year, according to a study.
Earnings forecasts for U.S. companies fell, FactSet said, after the Fed’s aggressive effort to curb inflation increased borrowing costs and dimmed prospects for economic growth.
The Role of CFOs in Sustainability: Insights from the ICFOA Barometer As the global landscape shifts toward sustainability and ESG (Environmental, Social, and Governance) principles, the role of CFOs has never been more critical. It highlights how CFOs are adapting to: Integrating ESG principles into financial strategies.
As global trade fractures in 2025, companies face rising tariffs, supply chain turmoil, and shifting economic dynamics. Geopolitical pressures are reshaping global economic and financial activity leading to what is commonly called a fractured global economy. We then incorporate all these factors into our forecasting.
Atradius has recently upgraded its global GDP growth forecast for 2023 to 2.4%, which is a slowdown from 2022 but a significant improvement on earlier predictions. In addition, the firm posted a global GDP growth forecast of 2.0% Emerging market economies (EMEs) will fare better, with forecast growth of 3.9% for 2024. “We
When building your back office, you may consider whether you need a financial controller or a CFO. The skills and responsibilities of these roles overlap, and to make matters more confusing, an underqualified CFO (yes, there are plenty out there) will perform similar to or worse than an excellent controller.
The World Bank said recently that it has slashed lowered its annual global growth forecast for 2022 from 4.1% The largest single factor behind the economic slowdown was a projected economic contraction of 4.1% The post World Bank lowers global growth forecast to 3.2% across Europe and Central Asia, World Bank noted.
In this episode of Planning Aces , three forward-looking finance leaders share how theyre transforming planning and forecasting inside their organizations. CFO Kevin Rhodes of Extreme Networks discusses the dual lens through which he evaluates AIexternal monetization and internal productivity.
As companies in the financial services industry aim to navigate uncertain economic climates, creating a robust financial roadmap becomes essential. By employing advanced forecasting tools and real-time financial reporting, they maintained a healthy cash reserve, allowing them to invest in new markets and technologies confidently.
Accurate financial forecasting is crucial for small businesses, but developing and updating forecasts can be time-consuming, frustrating, and ultimately inaccurate. Precise forecasts provide the roadmap for future growth, but most small companies spin their wheels developing and maintaining forecasts.
He also highlights the importance of building agility in supply chain management and, external focus and benchmarking in forecasting, whilst continuing to be data and insight-led. In weathering these challenges, Shivam notes the importance of having clarity of vision and ensuring resource allocations are clearly aligned with the vision.
Fitch on Tuesday retained India's economic growth forecast at 7 per cent for the current fiscal, saying India could be one of the fastest-growing emerging markets this year.
Businesses that have an embedded in-house Chief Financial Officer understand the pivotal role the CFO plays in proactively preparing the business for, and guiding it through, economic and market storms. While we are now mostly through that storm, new economic storm clouds are on the horizon. But that relief will be temporary.
Global growth forecasts for 2022 and 2023 are lower as Russia's invasion of Ukraine and pandemic lockdowns in China add to supply shocks and stoke inflation, said Moody’s recently. in 2022 and emerging market countries will grow 3.8%, down from March forecasts of 3.2% Advanced economies will expand 2.6%
China’s economic growth is estimated to hit 5.4% The fund raised its forecast for China’s economic growth after the country’s better-than-expected Q3 growth and Beijing’s move to approve a 1 trillion yuan (US$137 billion) sovereign bond issue and allow local governments to frontload part of their 2024 bond quotas.
Amid the hype brought about by the advent of artificial intelligence in the Finance function, challenges concerning the technological advancement in sales and receivables forecasting remain. Be explainable finance teams should understand how AI arrived at a given forecast. COVID-19 impact on sales). COVID-19 impact on sales).
Riding the Waves of Change: How CFOs Can Steer Business Success The world of business is rarely predictable. Economic changes, whether due to inflation, global disruptions, or evolving consumer behavior, require businesses to be agile and adaptable. As CFOs, you are at the helm of navigating these changes.
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 Regulatory Variations: APACs regulatory environment for AI is still evolving.
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