The Finance Weekly

NOVEMBER 6, 2022

Communicating customer-centric business strategies to stakeholders and staying focused on delivering for your customers even during this busy time is important for all parties involved- employees, investors and most importantly, customers. 3) Establish a Secure Data Room. But FP&A can’t be ignored either.

CFO 98

CFO Communication Finance Securities 98

PYMNTS

JULY 5, 2017

By using ‘out-of-the-box’ cloud infrastructure building blocks, you can align the C-level suite by bringing the data together that stakeholders need to make decisions,” said Born. The nature of financial reporting is to communicate facts aggregated using accounting rules.

Financial Data 52

Financial Data Financial Reporting Auditing CFO 52

Future CFO

FEBRUARY 2, 2025

A gradual, agile phased approach with pilot programs and clear communication on the objectives and goals of the mission and initiative is a critical success factor." Charlie Cheah Best practices and risk management Cheah highlights that data security is crucial when implementing AI in AP processes.

Accounts Payable 52

Accounts Payable Accounting Invoicing CFO 52

CFO Share

JULY 16, 2024

They are highly collaborative and often work with other departments to align financial strategies with overall business goals. CFOs must also be excellent communicators. They analyze market trends and economic data to predict future financial performance and guide strategic decision-making.

Financial Planning and Analysis (FP&A) 98

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

PYMNTS

JANUARY 11, 2021

Today in B2B payments, the SBA releases guidance for the next round of PPP loans, while xSuite secures Peppol invoice certification. Among the enterprise resource planning (ERP) systems with which TripActions Liquid now communicates are NetSuite, Microsoft Dynamics, Sage Intacct, SAP and Xero, according to the release.

B2B 55

B2B Securities SAP Invoicing 55

CFO News Room

DECEMBER 16, 2022

Job security is always a concern when choosing a career, but some fields are more recession-proof than others. After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. Senior accountants are responsible for managing the financial records of their organization.

Finance 130

Finance Budgeting Financial Analyst Compliance 130

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

Future CFO

AUGUST 21, 2023

Robert E Parker "As we look forward to the developments in AI, finance leaders will be in a better position to uncover hidden opportunities and risks and step beyond using structured financial data by utilising data from across organisational silos enhanced with data from outside the organisation."

Finance 98

Finance Compliance Data Analysis Leverage 98

Future CFO

JULY 14, 2022

Beyond reporting, however, CFOs are needed to be involved in ESG decision-making – particularly in the company’s funding strategy and investor communication. Today, we have tools enabling firms to monetise non-financial data and integrate them with financial data directly into their back-office enterprise resource planning (ERP) structures.

Risk Management 98

Risk Management Compliance Finance Strategic Planning 98

PYMNTS

NOVEMBER 24, 2020

For instance, credit unions must alert users of what’s available and how it can streamline their financial lives. One of the things we have seen recently — again, driven by the pandemic — is a reinvigoration of communication and education by financial institutions (FIs),” he noted.

Banking 107

Banking Education Accounting Communication 107

https://trustedcfosolutions.com/feed/

MARCH 30, 2023

Less Stress Leads to More Success: Why a Faster Monthly Close Is Key Faster and more accurate closing cycles ensure your advisors, CFOs, and controllers have up-to-date financial data to base important decisions.

Leverage 62

Leverage Financial Data Accounting Financial Systems 62

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

The Finance Weekly

SEPTEMBER 22, 2024

Concerns about how automation might impact job security among staff can also be a hurdle. Essential Strategies for Improving Your Budget Forecast Delivering a compelling budget forecast presentation can significantly impact how stakeholders perceive your financial insights. Visualize Data Effectively Numbers alone can be overwhelming.

Budgeting 69

Budgeting Forecasting Compliance Economics 69

Future CFO

AUGUST 7, 2024

This, according to Ho, can be any combination of investor relations, corporate communications, technology, procurement, legal and corporate service and, strategy and development. However, Ho concedes that CFOs will find it challenging to scale the data analytics function without an understanding of data structures and data warehouse.

Data Analysis 98

Data Analysis CFO Budgeting Performance Measuring 98

Spreadym

NOVEMBER 16, 2023

Data Integration: The software should be capable of integrating data from various sources, such as ERP systems, spreadsheets, and other databases. This ensures that financial data is accurate, up-to-date, and consolidated. This can improve communication and coordination during the financial planning process.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Planning Budgeting Financial Modeling 59

PYMNTS

DECEMBER 20, 2019

The information exposed did not include any financial information, Social Security numbers or password data. Data about rates and features are considered customer proprietary network information (CPNI). The cyber thief got users’ names, billing addresses, phone numbers, account numbers and plan information.

Communication 52

Communication Securities Numbers Financial Data 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

CFO Leadership

OCTOBER 10, 2023

Additionally, they can sometimes produce incorrect or misleading information, particularly on topics updated beyond their last training data or when asked to predict or speculate about future events. Using these AI tools in their current state in sensitive areas like finance and accounting raises security concerns.

Accounting 95

Accounting Finance Auditing IFRS 95

PYMNTS

AUGUST 29, 2019

Data from PYMNTS’ Credit Union Innovation Index found that 60.8 percent of members would not leave their credit unions (CUs) for different financial institutions that offered the same services. percent wanting their CUs to invest more in security and 19.5 Security practices could also be greatly improved in open banking systems.

Banking 63

Banking Securities Accounting Forecasting 63

The Charity CFO

MAY 11, 2023

Properly evaluate each company and their credentials before letting go of your financial data. Make sure that you find a partner in your service provider and ensure that your access and communication channels are clearly defined. Security Concerns The financial data of an organization is incredibly sensitive.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

Spreadym

DECEMBER 1, 2023

This may involve presentations, discussions, and deliberations to secure the necessary approvals. Implementation: Once the budget is approved, it becomes the financial roadmap for the upcoming fiscal year. Departments and teams start executing their plans according to the allocated resources.

Budgeting 59

Budgeting Prioritization Communication CFO 59

PYMNTS

JUNE 8, 2020

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. Open banking connections enable third-party apps to provide more convenient, insightful and tailored services thanks to banking customer data. Fighting Phishing.

Banking 60

Banking Accounts Payable Securities Accounting 60

Future CFO

OCTOBER 9, 2024

Risk Management: AI-driven applications can comprehensively analyze expansive amounts of financial data, identify trends and patterns, craft narratives, and suggest recommendations, thereby streamlining the process for time efficiency and enabling informed decision-making, offering a strategic advantage in speed and insight.

Risk Management 52

Risk Management Compliance Communication Leverage 52

Bramasol

SEPTEMBER 29, 2023

They are expected to provide financial leadership and insight into the organization's strategic direction. This involves not just managing financial data but also interpreting it to guide decision-making. The Big Picture View CFOs are increasingly seen as strategic partners to the CEO and the board of directors.

Technology 88

Technology IFRS SAP Compliance 88

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

CFO Plans

SEPTEMBER 6, 2024

They help present your financials effectively to attract investors and secure funding. Modern businesses benefit from tech-enabled accounting solutions that offer real-time financial data and insights. Customized financial reports provide valuable insights into your business’s performance.

CFO 52

CFO Startups Tax Planning Planning 52

PYMNTS

JULY 26, 2018

Paytm, a digital payment company out of India, said Thursday (July 26) that it didn’t share user data with investors or any foreign entities just one day after a member of Parliament, Narendra Jadhav, argued Alibaba’s stake in the company was a “very serious threat to [India’s] national security.”.

Securities 40

Securities Communication Financial Data Finance 40

PYMNTS

FEBRUARY 5, 2018

The discussion around sharing financial data today is most often in reference to major industry happenings, like PSD2, Open Banking and the sudden influx of APIs in the financial services space. They’re entrusting that MSP to make sure their systems are up and running, and that the data is secure. ”

Finance 43

Finance Financial Data Invoicing Communication 43

PYMNTS

JANUARY 4, 2017

And that data was always stale, it was real-only and it potentially introduced some new security concerns.”. Especially in the smaller sector, where they’re hoping for more of what we like to call ‘security through obscurity,’” he said, “they feel like, if they’re small enough, they’re not going to get targeted.”.

B2B 47

B2B Manufacturing Securities Communication 47

Future CFO

NOVEMBER 15, 2023

Ervina Waty : Here are some key changes that CFOs might need to put in place: Enhanced Data Governance and Quality Control CFOs should implement stronger data governance practices to ensure the accuracy, consistency, and integrity of financial data.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Compliance 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

PYMNTS

OCTOBER 17, 2019

We can assure you all account information remains secure, and no personal or financial data is at risk.”. In the interim, we’ve been proactively communicating real-time updates with our members.”. The startup generates income by receiving a portion of interchange fees from debit cards. “We

Banking 42

Banking Valuation Startups Leadership 42

PYMNTS

MARCH 19, 2019

Even if cash has its place, Ferrabee said that digital payments can still gain traction with the addition of information — data, in other words — that can literally travel, and that can be used to ensure (and reassure) both sides of a transaction of speed and security. That’s especially true for corporate and B2C transactions, he said.

B2C 86

B2C Budgeting B2B Compliance 86

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

CFO Plans

AUGUST 9, 2024

Cloud accounting services provide businesses with real-time access to their financial data, enabling more agile decision-making. A retail business, for instance, reduced its accounting errors by 30% and improved financial reporting speed by adopting cloud accounting services. Get tailored accounting consulting for your startup.

Accounting 52

Accounting Tax Planning CFO Startups 52

Collectiv

MARCH 5, 2025

Organizations embed planning software directly into their data strategy rather than bolting planning software onto an existing reporting system. Its efficient communication and integration with the rest of your data stack are critical to meaningful planning. Planning software shouldnt be an afterthought that you fit in.

Planning 52

Planning Forecasting Budgeting Financial Modeling 52

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