This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In today’s dynamic financial services industry, establishing expertise is about more than just crunching numbers. Missed tax deductions and compliance penalties are common pitfalls that can seriously harm financial health. It’s about unraveling the stories behind those digits to offer actionable insights.
Hand Over the Numbers and Focus on What Matters Lets be honest, handling finances isnt everyones favourite job. Instead of struggling with numbers, spreadsheets, and financial rules, you can get an expert to handle it for you. Finance isnt just about adding up numbers. Then theres tax and compliance.
While compliance is mandatory, e-invoicing can bring significant benefits to businesses if approached strategically. When planning your implementation, think beyond compliance. Without it, you risk compliance issues, transaction delays, and even financial penalties. Whats in It for You? Errors can lead to rejected invoices.
Numbers Never Lie but They Rarely Tell the Whole Story For too long, financial analysis has been seen as a back-office functionprocessing numbers, producing reports, and ensuring compliance. This approach assumes the numbers tell the full story, but they rarely do. The problem?
CPAs know the drill: taxes, compliance, rinse, repeat. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist. 📊 Profit & Loss and Balance Sheets decoded for max impact.
In an interview with PYMNTS, Lilia Metodieva, managing director at Monneo , said virtual international bank account numbers (IBANs) can help firms gain scale internationally, and customize payments to serve the needs of their end customers. Platforms and single access points help bridge the gap between traditional banks and eCommerce.
As such, their responsibilities include: budgeting and forecasting, managing mergers or acquisitions, and handling compliance issues. As such, a CFO is especially valuable for a company that is growing quickly, employs a large number of employees, and/or has complex product lines.
Companies are estimated to reduce annual compliance training by 50% by 2025, said Gartner recently. Many compliance leaders are dissatisfied with the effectiveness of their existing program activities,” said Chris Audet, senior director, research in the Gartner Legal, Risk & Compliance practice.
The UAEs compliance with OECD demands is being administered by the Ministry of Finance. To encourage research and development, in 2026, the UAE will offer a R&D tax incentive comprising a 30-50% tax credit, refundable depending on the revenue and number of employees of the business in the UAE, WAM stated.
When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Bales, Esq.
But it also comes with a unique set of challenges, particularly for CFOs tasked with ensuring compliance with international reporting standards. For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP).
Chris Stanley is the Founding Principal of Beach Street Legal LLC, a law practice and compliance consultancy whose sole purpose is to help entrepreneurial investment advisers and financial planners succeed. Compliance policies and procedures manual. The adviser discloses its compliance with these conditions in its Brochure.
What are the role of Chief Financial Officers (CFO) and senior finance leaders when it comes to data privacy and compliance? CFOs today need to have a strong understanding of technology-driven issues such as information security, data management, and data privacy and compliance.
Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. HealPay On How SaaS, Payments Orchestration Provi ders Help Meet PCI Compliance.
While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise. ✅ Compliance and Risk Considerations: Navigating data-driven finance while staying audit-ready. Master the balance between analytics and action.
Identifying and Overcoming Ethical Dilemmas in Business In the corporate world, numbers might drive decisions, but values define leadership. How to Handle It: Immediately report the matter to the compliance or legal team. As a CFO your influence extends beyond financial reports and budgets.
Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries. This method provides flexibility but can lead to revenue fluctuations.
“The ISSB has received tremendous support throughout its consultations and currently, there is a growing number of jurisdictions which are consulting on or considering the adoption of the ISSB’s standards,” concludes Goh. The post Delivering value beyond compliance with ESG reporting appeared first on FutureCFO.
In the episode, Joe and Clayton discuss the currents of change in financial services, ERP movement to the cloud, how banks can enable digital transformation, and considerations for compliance and bank regulators. Illustrating the pace of change, Joe noted that this number would rise to 100% within the next decade.
Source: Data collected during the FutureCFO Conference series in 2024, Cxociety Research Coming into 2025, as finance leaders face mounting pressure to do more with less while driving growth and maintaining compliance, they are turning to digital solutions and holistic approaches to reshape and modernise financial processes.
We also talk about how Travis built the onboarding and compensation plans for his own (contracted) student loan consultants to scale the business while incentivizing them to take on a greater volume of meetings (and still ensuring that they could give high-quality student loan advice), how Travis decided to diversify his business's income streams when (..)
Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that following the change of administration (and a new incoming chair of the SEC), the Investment Adviser Association is seeking to find ways to help RIAs (particularly smaller firms) manage the compliance responsibilities they (..)
Someone who knows the numbers inside out, can explain the movements, and understand what those numbers mean for the business. Youll hear things like, Ops didnt send their numbers in time, or Thats not my line, I just posted what I was given. Compliance is non-negotiable, of course. But accountability goes a step further.
As the role of the finance leader evolves beyond compliance and control, strategic decision-making increasingly relies on the intelligent use of data. Its the quality, relevance, and timing of information that separates high-performing finance functions from reactive number-crunching. But not just any data.
The agency said scope 3 was removed due to a large number of comments concerning compliance costs, as well as the consistency and reliability of scope 3 data.
As this blog series continues to explore optimizing quote-to-cash (QTC) to compliance for different industries, in this episode we dive into the special challenges faced by companies in the telecom sector and address how solutions in the SAP portfolio help overcome them.
As a CFO, youre not just crunching numbers. So, what does good governance really mean, and how can you leverage it not just for compliance, but for control, credibility, and competitive edge? It shifts governance from compliance to outcomes. Lead integrated reporting that connects numbers to purpose. but Did it work?
Its not merely numbers on a page but its the heartbeat of accountability and the foundation of trust with external stakeholders, particularly investors. Investors rely on your numbers to make informed decisions. More focus on strategic decision-making instead of crunching numbers. Financial reporting is no different. The result?
Now, picture the opposite: instant access to real-time financial insights, automated compliance checks, and AI-driven forecasts guiding your next move. Reducing Errors and Ensuring Compliance Mistakes in financial reporting can be costly. This is the power of Financial Information Systems (FIS).
The IPO market has also seen a resurgence, with 13 IPOs each aiming to raise $100 million or more filed in January 2025 alone , marking the highest number of sizable IPO filings in a single month since early 2022. Maintain compliance with ongoing disclosure and transparency requirements.
What is IFRS Compliance? For multinational companies, compliance with IFRS is often not just a choice but a requirement. If an investor in Japan wants to invest in a UK-based firm, IFRS compliance reassures them that they can trust the numbers in the financial statements. Why is it important?
Looking back, Seymour tells us she has consistently applied a storytelling through numbers philosophy. If I was to give you a little bit more color on what that means, we leverage demand forecasting to help businesses schedule the right number of employees at the right time.
The professionals you really want the ones who understand both compliance and strategy, who can hold their own in front of auditors, and who arent afraid to challenge the numbers theyre in demand. Especially in finance. They can work anywhere. So why would they choose you? You dont just need people to fill roles.
In order to deliver the best service to their clients, financial advisors often take on responsibilities beyond giving financial advice, including compliance, marketing, team management, and other operational duties. Over time, this can easily lead to overwhelm – or, eventually, even burnout.
Leslie Joseph , principal analyst at Forrester , believes companies must go beyond compliance checkboxes and implement robust data governance in connection with the release of the EU AI Act, as regulations will evolve, but finance teams that embed strong data and AI governance today will gain a long-term competitive edge.
Analytical Thinking: Turning Data into Actionable Insights Numbers may tell a story, but without analysis, they’re just noise. It’s not just about seeing the numbers—it’s about understanding their story. Implement advanced analytics tools to visualise data and uncover hidden opportunities.
The ability to analyze numbers and translate them into actionable strategies has always intrigued me. Early in my career, I realized that finance is not just about managing numbers—it’s about empowering organizations to make informed decisions, optimize resources, and achieve long-term goals.
For example: A government grant might prioritize detailed evidence of your programs efficiency and sustainability, including administrative costs and compliance plans. Moving Forward Nonprofit budgeting is as much about strategy as it is about numbers. Learn more about best practices when accounting for grants.
Talking Money Without Causing Panic Numbers tell the truth, but how you communicate with them determines how they are received. Transparency Without the Trauma Openness about financial realities is not just about compliance, it is a core leadership responsibility. Yet, transparency must be handled with care.
Which, if implemented under the new administration, could provide relief for investment advisers, particularly smaller firms that already have to balance compliance with client service, marketing, and the other duties that go into running a firm.
While accuracy, control, and compliance remain core responsibilities, the modern CFO is also a strategic communicator someone who can turn financial complexity into actionable insight. Ensuring that teams understand not just what the numbers say, but what they mean for their work, their budgets, and their goals.
To optimize costs, banks are reducing the number of applications and investing in technology that enhances customer experiences while maintaining efficiency. This must be done by working with risk management and compliance with legal teams in a bank. For instance, Deutsche Bank’s operational efficiency plan aims to achieve $2.8
Youre no longer just the person who signs off on the numbers or keeps costs in check. That only changes when you shift your role from number person to strategic partner. Compliance is tightening. But you do need to be the one who brings claritybacked by the numbers and driven by where the business actually needs to go.
The Real Cost of Dirty Data Lets say your monthly numbers are off because someone pulled figures from the wrong version of a spreadsheet. You spend hours reconciling, re-checking, and trying to figure out which number to trust. CEOs trust finance leaders who consistently deliver reliable numbers. Errors happen.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content