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 Communication 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 Forecasting Accounting 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

CFO Talks

NOVEMBER 29, 2024

Learning to analyse financial data with a strategic lens, understanding broader business impacts, and identifying potential risks are essential skills for any future CFO. Understand that as a CFO, your role is not just about numbers but about influencing and guiding the organisation’s financial health and strategy.

CFO 95

CFO Auditing Leadership Finance 95

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.

IFRS 88

IFRS Technology 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

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

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

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

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

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

PYMNTS

JULY 27, 2018

solidified their reputations as having progressive views on data security and ownership with the PSD2 and GDPR regulations that came into effect earlier this year. That doesn’t mean enhanced data privacy, security and sharing aren’t in the cards for the nation’s financial services space, though.

Financial Data 41

Financial Data Banking Securities Communication 41

Bramasol

DECEMBER 13, 2021

Addressing these endemic supply chain issues will require a combination of improving visibility across end-to-end processes, deepening the integration of information and communications between multiple players throughout the chain and enabling real-time embedded analytics. For example, the Ariba Network brings together over 6.7

SAP 52

SAP Compliance Profit and Loss IFRS 52

PYMNTS

NOVEMBER 7, 2016

Most people are just looking at one aspect, [but] we’re looking at five key different pieces: the identity, email and social intelligence, mobile, financial data, and additional checks on AML,” Bise stated.

Communication 73

Communication Leverage Financial Data Technology 73

The Finance Weekly

MAY 29, 2024

Key Features Predict Signals As a part of the Planful Predict suite of AI/ML capabilities, this tool spots suspect differences and unusual data using AI-driven anomaly detection. It helps you catch errors before it's too late, highlighting potential slip-ups, broken formulas, and financial data mistakes.

Financial Planning and Analysis (FP&A) 52

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

CFO Leadership

OCTOBER 18, 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 52

Accounting Finance Auditing IFRS 52

PYMNTS

MAY 18, 2018

As the winner of a $10,000 grand prize and the support of a major payments technology company, Hermyz joins a growing community of disruptors and innovators addressing a multitude of problems in corporate payments and financial management today. What is the point of friction you wanted to address? What’s next for Hermyz?

B2B 46

B2B Invoicing Accounting Securities 46