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 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 Compliance Financial Analyst 130

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. Transparency and Communication Accountants often work with sensitive financial data.

Nonprofit 52

Nonprofit Accounting Budgeting Communication 52

The Charity CFO

JULY 2, 2024

They are quickly learning that outdated processes hinder an organization’s ability to reach its goals, connect with the community, and engage with donors. If this feels relatable, this article will walk you through the steps you need to modernize your nonprofit operations–from adopting technology solutions to improving data security.

Nonprofit 52

Nonprofit Auditing Prioritization CFO 52

CFO Plans

AUGUST 9, 2024

Tip: Regularly review financial reports with your outsourced CFO to identify areas for cost savings and revenue growth. Cloud accounting services provide businesses with real-time access to their financial data, enabling more agile decision-making. Transform your financial practices with cloud accounting services.

Accounting 52

Accounting Tax Planning CFO Startups 52

CFO Talks

OCTOBER 3, 2024

Implement Physical Controls : Use secure access controls for inventory and cash storage areas and install surveillance cameras where high-value items are kept. This type of fraud often aims to meet financial targets or secure financing under false pretenses. This helps reduce opportunities for fraud.

Invoicing 98

Invoicing Auditing Benchmarking Reconciliations 98

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 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

Spreadym

NOVEMBER 16, 2023

The best features of FP&A software often include: Budgeting and Forecasting: These features allow organizations to create detailed budgets, forecasts, and financial plans. Users can input data, make adjustments, and project future financial scenarios. This ensures that financial data is accurate, up-to-date, and consolidated.

Financial Planning and Analysis (FP&A) 59

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

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 98

Leadership CFO Communication Accounting 98

Boston Startup CFO

APRIL 12, 2024

We will assist you in navigating the complexities of grant funding, ensuring proper financial management and compliance with funding requirements, providing accurate financial reporting, and maximizing the impact of your research and development projects, helping you secure continued funding and successfully advance your innovative initiatives.

Investments 40

Investments Finance Leverage Securities 40

CFO Talks

SEPTEMBER 12, 2024

Automate routine financial processes (such as expense management and financial reporting) to reduce human error and speed up decision-making. These relationships can offer leverage when it comes to renegotiating contracts, securing better payment terms, or accessing lines of credit.

Leverage 52

Leverage Forecasting Communication Economics 52

CFO Talks

MARCH 19, 2024

By distilling these goals into a concise list and communicating them consistently—whether in formal presentations or casual discussions—the CFO ensures everyone understands and aligns with the finance department’s direction. This might involve enhancing digital finance capabilities or adopting sustainable business practices.

CFO 52

CFO Communication Finance Budgeting 52

The Charity CFO

NOVEMBER 20, 2024

This example illustrates the delicate dance nonprofits must perform between securing funding and staying true to their mission. Cultivate open communication with donors while staying true to your mission. Key Takeaways for Nonprofit Leaders Hire the right people and address staffing issues promptly. Get the free guide!

Nonprofit 52

Nonprofit Leadership CFO Budgeting 52

CFO Talks

MARCH 20, 2024

Key Differences in Everyday Tasks: Reporting: The Controller prepares financial reports; the CFO reviews these reports and uses them to make decisions or plan strategies. Communicate: Keep talking to your team, especially the Controller, to ensure you’re all aiming for the same goals.

CFO 52

CFO Accounts Payable Financial Analysis Auditing 52

The Charity CFO

MAY 11, 2023

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. Ensure that your provider has proper security measures in place and ask to see these in action before proceeding.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

Bramasol

SEPTEMBER 29, 2023

The first is the Financial Accounting Standards Board (FASB) in the United States. The other is the International Accounting Standards Board (IASB), whose rules for financial reporting are known as International Financial Reporting Standards (IFRS). More details on climate issues below.)

IFRS 91

IFRS Technology SAP Compliance 91

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. Often with responsibility for investor relations, Ho says CFOs can help communicate their business to outside stakeholders and build the company brand.

CFO 86

CFO Data Analysis Budgeting Performance Measuring 86

The Charity CFO

APRIL 20, 2023

Donor Tracking: Allows organizations to track contact information, giving history, and communication preferences. Some tools may also allow you to segment donors into different groups based on criteria such as giving level or engagement level and ability to generate trend reports over time. How secure is the system?

Nonprofit 98

Nonprofit Accounting Accounting Standards Budgeting 98

The Charity CFO

MAY 8, 2023

This means being open and honest about your organization’s financial situation and how donations will be used and getting in the habit of regularly communicating with donors to keep them informed about your work and the impact of their support. Remember, donors are individuals, with their own motivations, interests, and priorities.

Nonprofit 52

Nonprofit Prioritization Communication Planning 52

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. Nonprofit CEOs and the boards they report to must be fully aligned and clear as to what type of CFO the organization needs (e.g.,

Nonprofit 67

Nonprofit Finance CFO Compliance 67

The Finance Weekly

JANUARY 1, 2023

2) The Importance of Trustworthy, Independent SOC Reports in FP&A. In addition to being a year of instability and economic challenges, 2022 was also a year of increased focus on compliance and data security. Read the FP&A Software Solution Comparison here. But organizations are still looking for ways to improve.

Finance 98

Finance Compliance Economics Forecasting 98

The Charity CFO

APRIL 18, 2024

These challenges include financial issues, data security compliance, and talent retention problems. Financial Sustainability For nonprofits, financial sustainability means the financial security to cover expenses and advance your mission. Implement staff and volunteer training on security best practices.

Nonprofit 52

Nonprofit Compliance CFO Leverage 52

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

MARCH 31, 2023

Bylaws: The bylaws of your organization may have been outlined to require regular audits to ensure transparency, security and confidence in the financial standing of the organization. Transparency : Communications regarding your audit and the changes that are being made can boost confidence and assurances in your donors and supporters.

Nonprofit 98

Nonprofit Auditing Compliance CFO 98

The Charity CFO

MARCH 25, 2024

However, learning grant writing skills can help your organization secure new funding sources and earn more grants. If you apply for grants that don’t align with your mission, you’re unlikely to secure funds. Being open, honest, and transparent in your grant application can go a long way in securing funding. Get the free guide!

Nonprofit 52

Nonprofit CFO Auditing Securities 52

The Charity CFO

JANUARY 12, 2024

While it isn’t impossible to secure funding through one or more of these routes, it’s certainly difficult. Nonprofits Require Extensive Legal and Accounting Compliance Nonprofits are subject to several layers of federal and state laws and financial reporting standards. Get the free guide!

Nonprofit 52

Nonprofit CFO Healthcare Education 52

PYMNTS

OCTOBER 23, 2019

Snap, the parent company of Snapchat, said the Department of Justice and the Securities and Exchange Commission are no longer investigating it. . Reuters is reporting that the probe involved an allegation that Snap lied to investors when it went public in March of 2017.

Communication 40

Communication Securities Financial Reporting Marketing 40

PYMNTS

OCTOBER 23, 2019

Snap, the parent company of Snapchat, said the Department of Justice and the Securities and Exchange Commission are no longer investigating it. . Reuters is reporting that the probe involved an allegation that Snap lied to investors when it went public in March of 2017.

Communication 40

Communication Securities Financial Reporting Marketing 40

The Finance Weekly

APRIL 1, 2023

Richard Kraska | Infobip , Richard Kraska was appointed CFO of cloud communications company Infobip. It's worth noting that the misconduct was unrelated to Root's financials or financial reporting. Terry Murphy | LastPass LastPass hired , Terry Murphy as its new Chief Financial Officer.

CFO 52

CFO Corporate Finance Finance Pharmaceutical 52

The Finance Weekly

MAY 29, 2024

This lack of automatic communication between features can be frustrating. These features enable companies to align their financial goals with their broader business strategies more effectively. Vena Foundation for FP&A offers tools for financial planning and analysis, including data integration and analysis.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

SEPTEMBER 28, 2022

But you need accurate and timely bookkeeping to get the financial reports you need to run your programs, report to your grantmakers, and keep your operation on track. Plus, they’ll help you organize and store your documents securely, so you never have to worry about a lost receipt.

Nonprofit 105

Nonprofit Invoicing Accounting CFO 105

Bramasol

JULY 22, 2023

This new update focuses on the progress of regulatory requirements and software solutions for tangible accounting and reporting of ESG, along with a look at how ESG management can help drive corporate value. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 83

IFRS Accounting SAP Compliance 83

CFO Leadership

OCTOBER 10, 2023

AI in the “Real World” While these powerful tools seem to have a near mastery of natural language communication, they are not necessarily designed to possess many of the skills required by finance and accounting professionals. They can generate, drafts for presentations, emails, and reports, saving employees time and effort on routine tasks.

Accounting 95

Accounting Finance Auditing IFRS 95

PYMNTS

JULY 5, 2017

“Although security is one of the biggest concerns for organizations that consider the move to the cloud, I believe that the cloud can be secured better than on-premise solutions.” ” The mobility of cloud-based reporting tools, too, can bring a new level of ease for the C-Suite, he added.

Financial Data 52

Financial Data Auditing Financial Reporting CFO 52

Future CFO

AUGUST 30, 2021

According to Payscale.com , skills such as leadership, and financial reporting and strategic planning, won’t elevate your take-home pay much. What makes for a sought-after chief finance professional (CFO)? These days, strong computer skills, as are advanced knowledge of accounting, budgeting, and finances. What stands out?

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance CFO Problem Solving 52

The Finance Weekly

AUGUST 7, 2024

Simplifies and automates the financial reporting process, saving time and reducing errors. These capabilities help companies align their financial objectives with broader business strategies more effectively. A lack of automatic communication between features can be frustrating.

Financial Planning and Analysis (FP&A) 52

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