The Finance Weekly

JANUARY 1, 2023

2) The Importance of Trustworthy, Independent SOC Reports in FP&A. Some tips from the article include how to consolidate data, how to prioritize KPIs, why it’s important to use integrations, and the best way to conduct financial automation. Read the FP&A Software Solution Comparison here. Read the , full article.

Finance 98

Finance Compliance Economics Forecasting 98

E78 Partners

JANUARY 5, 2024

An acquisition adds complexity to the financial reporting and audit process, so it’s important to be proactive and prepared. Orientation and Training: Provide management with detailed training on acquisition-related accounting topics that impact financial reporting and the audit process.

Auditing 59

Auditing Valuation Concentration Reconciliations 59

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

E78 Partners

NOVEMBER 12, 2024

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. Open lines of communication with relevant departments help ensure data accuracy and expedite the audit process by addressing potential concerns upfront​.

Auditing 59

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 59

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

Bramasol

JULY 22, 2023

IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term. The CSRD is intended to revamp and expand information that was already required to be reported since 2017 under the EU’s existing Non-Financial Reporting Directive (NFRD).

IFRS 81

IFRS Accounting SAP Compliance 81

CFO Talks

OCTOBER 10, 2024

By identifying key profit drivers and improving financial reporting , the business was able to grow efficiently and profitably. Whether you’re an SME seeking cost-effective financial leadership or a large organization needing specialized support, fractional CFOs are proving to be a game-changer for businesses worldwide.

Leadership 95

Leadership CFO Communication Financial Reporting 95

CFO Talks

MARCH 13, 2024

The role has evolved significantly over the years , transitioning from a focus on financial controls and Wall Street management to a more dynamic and multifaceted position. Today’s CEOs expect their CFOs to be strategic visionaries, business partners, effective communicators, and creators of value.

Prioritization 40

Prioritization CFO Communication Restructuring 40

CFO Share

SEPTEMBER 12, 2024

The first step after a sudden CFO departure is assessing the company’s immediate financial needs. Prioritize urgent processes such as cash flow management, ongoing projects, and upcoming deadlines for financial reporting. What to Do When a CFO Leaves?

CFO 52

CFO Compliance Communication Prioritization 52

The Charity CFO

MAY 8, 2023

To achieve this, nonprofit organizations should prioritize transparency, authenticity, and accountability in their fundraising efforts. Regular communication with donors is imperative to support the efforts toward individual giving. The most successful events prioritize engagement and relationship-building. Get the free guide!

Nonprofit 52

Nonprofit Prioritization Communication Planning 52

The Charity CFO

JUNE 27, 2024

You’ll likely have to prioritize the most important roles to hire for immediate success. Providing regular financial reports to the board of directors and other stakeholders. Lead with Communication and Transparency Communication and transparency are essential for the success of your organization.

Nonprofit 52

Nonprofit Leadership Strategic Planning Communication 52

The Charity CFO

JULY 1, 2024

There’s a wide range of accounting services your organization might need, including: Bookkeeping Financial reporting Tax preparation Audit support These key services are vital to maintaining the financial health of your organization. You should also choose nonprofit accounting services that prioritize nonprofit data privacy.

Nonprofit 52

Nonprofit Accounting Budgeting Accounting Firms 52

CFO Share

APRIL 3, 2024

What to Look for in a Bookkeeper Finding a bookkeeper is more than searching for a vendor; it’s about finding a teammate—a professional who understands the importance of accuracy and timeliness in financial reporting. Excellent Communication Skills Effective communication is critical for outsourced bookkeepers.

Communication 52

Communication Prioritization Accounting Standards Financial Reporting 52

Future CFO

MAY 28, 2020

As the outbreak coincided with the Chinese New Year holidays and colleagues were on leave in their respective home provinces, timely and relevant communication was a challenge. The finance function in China focused on the following key areas when dealing with situation: Timely closing of books Supporting operations Communication.

Finance 40

Finance Prioritization Communication Leadership 40

The Charity CFO

SEPTEMBER 23, 2024

To recruit–and retain–top leadership talent, consider these hiring strategies: Prioritize mission alignment during the hiring process by looking for candidates who believe strongly in the organization. Create open channels of communication and feedback loops so leadership stays in contact with non-leadership teams. Get the free guide!

Nonprofit 52

Nonprofit Leadership Communication CFO 52

CFO Talks

MARCH 14, 2024

We emphasized the importance of communication, setting priorities, and the initial avoidance of hasty decisions. The position of Chief Financial Officer has evolved significantly over the past few decades. As organizations face new challenges and opportunities in a changing world, the role of the CFO will continue to expand and evolve.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

The Charity CFO

JULY 2, 2024

Once you have a clear picture of your current operations, you can start prioritizing pain points. Implementing financial management software: Accounting and financial software tools, like QuickBooks , streamline accounting, bookkeeping, and financial reporting. Get the free guide!

Nonprofit 52

Nonprofit Auditing Prioritization CFO 52

The Charity CFO

OCTOBER 9, 2024

Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements. Accurate and transparent financial data makes it easier for stakeholders and regulators to understand an organization’s financial health.

Accounting 52

Accounting GAAP Nonprofit Accounting Principles 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

VCFO

JUNE 29, 2023

A CFO will evaluate financial performance, and bring attention to potential issues. They also rely on the CFO’s leadership, providing up to date communication, and accurate financial reporting. Additionally, a fractional CFO can add capacity by taking on select projects and provide specialized expertise as needed.

Nonprofit 67

Nonprofit Finance CFO Compliance 67

E78 Partners

NOVEMBER 12, 2024

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. Open lines of communication with relevant departments help ensure data accuracy and expedite the audit process by addressing potential concerns upfront​.

Auditing 52

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 52

E78 Partners

NOVEMBER 12, 2024

Preparing for a financial audit can be a daunting task, especially for private equity-backed firms where accuracy and efficiency are paramount. Open lines of communication with relevant departments help ensure data accuracy and expedite the audit process by addressing potential concerns upfront​.

Auditing 52

Auditing Financial Planning and Analysis (FP&A) GAAP Compliance 52

The Charity CFO

DECEMBER 11, 2024

This approach recognizes that the traditional either/or mentality of prioritizing work over personal life (or vice versa) is outdated and ineffective. Transparency and Clear Communication: Leaders should strive to be clear in their expectations and communications, eliminating the need for employees to “read between the lines.”

Nonprofit 52

Nonprofit Leadership Prioritization Problem Solving 52

CFO Leadership

OCTOBER 10, 2023

Future-forward finance and accounting organizations were quick to embrace robotic process automation (RPA) years ago to manage mundane, repetitive back-office tasks like data entry and routine financial reporting. Instituting a stable workflow environment around the technology can make the transition easier for everyone.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

The Finance Weekly

FEBRUARY 8, 2023

He has also held financial leadership roles at Nuance Communications, Wyless, and Mimecast. Hakim previously served as CFO at Sequoia Vaccines and held positions of increasing responsibility at Lundbeck, a Copenhagen, Denmark-based company, ending as the Senior Vice President and Head of Human and Financial Resources for North America.

CFO 52

CFO Prioritization Finance Communication 52

The Charity CFO

JULY 31, 2023

Open communication within the organization guarantees that conflicts are managed appropriately, helping to uphold the nonprofit’s mission and maintain the confidence of donors, beneficiaries, and the public. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

Nonprofit 52

Nonprofit Prioritization Compliance Accounting 52

The Charity CFO

JUNE 7, 2023

Stakeholder Communication : Serves as a transparent communication tool for stakeholders, including donors, board members, and grant-making organizations. It provides an overview of the nonprofit’s financial activities, highlighting its financial stability, sustainability, and the impact of its programs.

Nonprofit 52

Nonprofit Accounts Payable Budgeting Financial Analysis 52

The Charity CFO

APRIL 22, 2024

You can do this by promoting open communication and transparency throughout your nonprofit. In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. Contact us today to learn more about outsourcing your financial management. Get the free guide!

Nonprofit 52

Nonprofit Budgeting Concentration Communication 52

CFO Talks

MARCH 20, 2024

This prioritization underscores the value placed on a CFO’s ability to anticipate and prepare for future challenges, steering the company towards long-term success and sustainability. This involves managing risks, ensuring compliance with financial reporting requirements, and mitigating operational and fraud risks.

CFO 52

CFO Compliance Performance Measuring Education 52

The Finance Weekly

APRIL 27, 2022

Set Firm Organizational Standards: As a leader, you have the power to define the company’s operational approach, values, and standards of conduct, expressing the expectations in value statements, company policies, ethical codes, and communications. Document Your Policies: Policies all require clarity, communication, and consistency.

Leadership 52

Leadership Financial Planning and Analysis (FP&A) Communication Reconciliations 52

Spreadym

JUNE 27, 2023

This includes analyzing revenue and expense trends, profitability, cost drivers, key performance indicators (KPIs), and financial ratios. Resource Allocation: Financial Planning and Analysis helps organizations allocate their resources effectively. They analyze key financial metrics, ratios, and profitability drivers.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

DECEMBER 30, 2024

Supportive Work Environment: The organization prioritizes creating a workplace where employees feel valued and supported. Storytelling: Effectively communicating the organization’s mission and impact has been crucial in attracting both employees and volunteers. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Leadership Performance Measuring CFO 52

The Charity CFO

AUGUST 15, 2023

To support and maintain the organization’s tax-exempt status, nonprofit accountants have to understand and adhere to IRS rules for: Tax-exempt organizations Reporting requirements Maintaining proper documentation Reporting Financial reports and statements provide a transparent view of the organization’s financial performance.

Nonprofit 52

Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

NOVEMBER 17, 2022

A well-crafted budget can be a powerful tool for decision-making, helping you to prioritize spending in line with your strategic goals. It can also be a valuable communication tool, providing clarity for staff, volunteers, and donors about where their money is going and how it’s making an impact. Get the free guide!

Nonprofit 52

Nonprofit Budgeting Forecasting CFO 52

Planful

JANUARY 11, 2022

In 2018, McKinsey reported that CFOs who didn’t adopt digital innovations like artificial intelligence (AI) were in danger of falling behind their counterparts in IT and marketing. When the COVID-19 pandemic hit two years later, it forced businesses to prioritize digital to stay afloat. 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 Finance Weekly

AUGUST 7, 2024

Simplifies and automates the financial reporting process, saving time and reducing errors. Vena, in contrast, prioritizes enhancing collaboration within teams. Vena’s financial reporting provides quick updates and easy access to statements and reports, slashing month-end closing times.

Financial Planning and Analysis (FP&A) 52

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

Spreadym

JUNE 19, 2023

Categorize and prioritize your expenses to identify essential versus discretionary spending. Clients can access their invoices, make payments, and communicate with you directly through the portal, streamlining the payment process and improving cash flow.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52