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Elizabeth Burns, CFO of Gas du Cameroon (GDC), exemplifies this balance, demonstrating how strategic financial leadership can support environmental responsibility. Elizabeth highlighted the dual challenges of managing high capital expenditures while maintaining financial discipline. Elizabeth, thank you so much for joining us.
In a recent discussion arranged by Cxociety with industry partners SAP , IBM , and AWS , financial leaders in Malaysia discussed the implications of future-ready strategies to drive the country's transformation in the financial services sector. even though revenue has doubled," the SAP Malaysia executive shared.
launched its FinancialReporting Analytics solution, which will be sold as an SAP Solution Extension under the name SAP Account Substantiation and Automation by BlackLine, financial review option. SAP Account Substantiation and Automation by BlackLine, financial review option, is sold and supported by SAP.
Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.
Follow standard accounting rules In most industries, this means using IFRS (International FinancialReporting Standards) or IFRS for SME (International FinancialReporting Standard for Small and Medium-sized Entities) to prepare financial statements.
Gartner says finance transformation encompasses strategic initiatives designed to revolutionise the way the corporate finance function manages its strategy, processes, internal controls, and financialreporting. Gartner Gartner research finds that 85% of finance teams today are in the middle of a finance transformation initiative.
Chee Kien Loh These challenges create three major issues that every CFO is familiar with. Additionally, CFOs are now required to oversee compliance beyond traditional financialreporting, which extends to new areas such as ESG," Chee adds. First are fragmented data islands.
According to Susanna Hasenoehrl , head of sustainability for Asia Pacific & Japan at enterprise application software company SAP , sustainability can no longer be considered separately to the finance function because it is increasingly clear that sustainability performance is fundamentally linked to business performance.
By accurately managing all APs the business is ensured it complies with appropriate tax regulations, contractual obligations, and financialreporting standards. It also allows you to accurately project cash flow – an important indicator of a company’s financial health.
What makes for a sought-after chief finance professional (CFO)? According to Payscale.com , skills such as leadership, and financialreporting and strategic planning, won’t elevate your take-home pay much. CFO: The role of CFO is very senior; hence a high level of experience is expected for anyone applying for this role.
She also posited that the ability to prove to top management that financialreports and analyses have strategic relevance and value is just as important as it enables management to be better placed to define opportunities ahead. Wong added that it is important to have open communication and improved employee engagement to build trust.
It is a financial planning and analysis platform that automates time-consuming manual processes for financialreporting and planning. In 2018 , Jedox was awarded for Excellence in Budgeting Transformation, and won the CFO Innovation Editor’s Choice Award. Jedox Fun Fact. Jedox’s most unique aspect.
It is a financial planning and analysis platform that automates time-consuming manual processes for financialreporting and planning. In 2018 , Jedox was awarded for Excellence in Budgeting Transformation, and won the CFO Innovation Editor’s Choice Award. Jedox Fun Fact. Jedox’s most unique aspect.
“In this world, nothing can be said to be certain, except death and taxes” and the burden of calculating, reporting and complying with these taxes falls to the Office of the CFO. Laura Houldsworth, SVP and general manager at SAP Concur, says tax management involves financial analysis and decision making.
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