Beacon CFO Plus

NOVEMBER 30, 2023

How to Divide Responsibilities and Prioritize Communication The relationship between a fractional or outsourced Chief Financial Officer (CFO) and your company’s public accounting firm should be collaborative, clear, and well-defined. This ensures your company’s financial and accounting needs are met effectively.

Accounting Firms 52

Accounting Firms CFO Accounting Prioritization 52

CFO Plans

MAY 2, 2024

Whether you need outsourced bookkeeping services or advanced financial reporting, your partner should be able to accommodate your needs without disruption. Assessing Communication and Collaboration Effective communication and collaboration are key to a successful partnership.

Accounting 52

Accounting Problem Solving Communication Compliance 52

Spreadym

DECEMBER 1, 2023

Set Clear Guidelines: Clearly communicate budgeting guidelines, expectations, and timelines to all departments or team members involved in the process. Encourage Collaboration: Foster communication and collaboration between departments or teams involved in budgeting to align goals and share information efficiently.

Budgeting 59

Budgeting Prioritization Communication CFO 59

The Finance Weekly

NOVEMBER 13, 2024

Communication with Customers The AR team often talks to customers who have questions or concerns, but this isn't given as much importance as other tasks like creating invoices and reconciling accounts. Usually, communication with customers happens through email or phone without proper tracking. from 2022 with $47,758.

Accounting 52

Accounting Invoicing Accounts Payable Budgeting 52

The Finance Weekly

FEBRUARY 8, 2023

He has also held financial leadership roles at Nuance Communications, Wyless, and Mimecast. To stay ahead of the curve, CFOs must , embrace technology and invest in digital transformation initiatives that drive innovation and efficiency in financial management.

CFO 52

CFO Prioritization Finance Communication 52

PYMNTS

OCTOBER 29, 2018

More than 670 professionals at mid-sized and large firms were asked about how they collaborate with human resources and IT departments, both areas of the enterprise that have significant impacts on financial management.

CFO 58

CFO Corporate Finance Risk Management Finance 58

The Charity CFO

OCTOBER 9, 2024

Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. Generally Accepted Accounting Principles, or GAAP , is a set of standardized accounting rules and guidelines that govern how you report financial information. Use data exports and reports to bridge the gap between the two systems.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 52

PYMNTS

JANUARY 11, 2021

This time around, the SBA is prioritizing underserved groups such as minority-owned businesses and will only accept applications from community financial institutions during the first two days after its loan portal opens, said Lendio CEO Brock Blake in an article for Forbes.

B2B 55

B2B Securities SAP Invoicing 55

Spreadym

JULY 21, 2023

Key components of digital transformation in finance include: Automation and Artificial Intelligence (AI) : Implementing AI algorithms and robotic process automation (RPA) to streamline repetitive tasks, such as data entry, customer support, and fraud detection, leading to reduced costs and increased accuracy.

Finance 52

Finance Prioritization Compliance Leverage 52

The Charity CFO

JULY 1, 2024

You should also choose nonprofit accounting services that prioritize nonprofit data privacy. Data breaches can plummet public trust in your organization, so it’s important to use secure technology and software. Transparency and Communication Accountants often work with sensitive financial data.

Nonprofit 52

Nonprofit Accounting Budgeting Accounting Firms 52

The Finance Weekly

FEBRUARY 11, 2024

Communication with Customers The AR team often talks to customers who have questions or concerns, but this isn't given as much importance as other tasks like creating invoices and reconciling accounts. Usually, ,, communication with customers happens through email or phone without proper tracking. from 2022 with $47,758.

Accounting 52

Accounting Invoicing Accounts Payable Budgeting 52

The Finance Weekly

NOVEMBER 20, 2023

AI integration in their FP&A function brings various positive outcomes: AI algorithms boost efficiency by swiftly handling large amounts of financial data, reducing the , risk of errors , and enhancing data integrity. Advanced AI solutions offer real-time analysis during data entry.

Financial Planning and Analysis (FP&A) 52

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

CFO News Room

DECEMBER 26, 2022

Creating Visual Deliverables That Clearly Communicate Financial Planning Concepts – While technical expertise is necessary to formulate a financial plan, being able to clearly communicate the findings to a client can make all the difference between whether or not the client will understand and agree to implement the advisor’s recommendations.

Planning 130

Planning Benchmarking Profit and Loss Communication 130

Spreadym

JUNE 27, 2023

Budgeting involves allocating resources and setting financial targets for various departments or business units within the organization. Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement.

Financial Planning and Analysis (FP&A) 52

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

Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. This allows for a personalized view of the financial data. Organize the dashboard into sections or tabs for different financial areas (e.g.,

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

Spreadym

AUGUST 8, 2023

Operating budgets are essential for guiding financial decisions and ensuring that an organization operates within its means. They are typically created by considering historical financial data, market trends, input from various departments, and managerial judgment.

Budgeting 52

Budgeting Prioritization Profit and Loss Construction 52

Spreadym

JUNE 8, 2023

Performance Measurement and Reporting: Establish key performance indicators (KPIs) and reporting mechanisms to monitor financial performance regularly. This helps track progress towards financial goals, identify areas for improvement, and communicate financial results to stakeholders.

Forecasting 52

Forecasting Budgeting Planning Risk Management 52

The Finance Weekly

AUGUST 27, 2023

These tools are reshaping the financial landscape by simplifying operations and eradicating manual tasks. Predict: Signals enhances the analytical capacity of an FP&A team, granting them the opportunity to prioritize efforts effectively. Moreover, it eliminates the need for specialized data science knowledge.

Financial Planning and Analysis (FP&A) 52

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

Planful

JANUARY 11, 2022

When the COVID-19 pandemic hit two years later, it forced businesses to prioritize digital to stay afloat. As technology crunches the growing volumes of data, soft skills like critical thinking, problem-solving, and communication will become crucial for Finance to succeed. #1 1 – Let AI do the heavy lifting.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

The Charity CFO

AUGUST 15, 2023

In some cases, they’ll also be responsible for communicating with grantors. This encourages open communication and trust among employees and creates a comfortable environment for sharing: Ideas Concerns Feedback This leads to diverse perspectives and innovative solutions to challenges, further propelling the organization forward.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

Spreadym

JUNE 19, 2023

Categorize and prioritize your expenses to identify essential versus discretionary spending. These features provide comprehensive visibility into your cash flow and help you make informed financial decisions. Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

Planful

OCTOBER 19, 2021

According to Nabil Hannan , managing director at NetSpi, CFOs can quantify and communicate the ROI of secure systems to the C-suite by collaborating with chief information security officers ( CISO). Organizations that don’t prioritize net-zero transition run the risk of having BlackRock voting against management and selling its shares.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) CFO Auditing Communication 40