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
The finance function must adapt to digital disruption, integrating automation and real-time dataanalysis to enhance decision-making processes. CFOs are expected to manage financial risks and drive strategic growth initiatives.
It has sometimes got me some blowback, when I expressed my views about value investing being rigid, ritualistic and righteous and the absolute emptiness of virtue concepts like ESG and sustainability, but so be it. I am a natural dabbler, and I enjoy looking at big financial questions and ideas from multiples perspectives.
According to Terry Smagh , senior vice president & general manager, Asia Pacific & Japan, BlackLine, the company undertook the study is to understand and recognise the critical role that financialdata plays in informing businesses about strategy and continuity, the poor visibility if any, and the lack of real-time access to data.
Compounded over many rows, even a simple mistake can lead to faulty financialdata. Large or small business that use spreadsheets are taking a risk: Boeing leaked employees’ personal data in a hidden spreadsheet column. Siloed financialdata can lead to false assumptions because insight isn’t based on a complete picture.
A quick break from book authorship to share a fascinating set of data and charts, via Sam Ro. In his weekly missive, Sam points to some amazing charts from Global FinancialData. They are based on historical data that looks at 200 Years of Market Concentration. You might be surprised at the findings.
Industry-Specific Templates Pre-built financial planning models for multiple industries. Cons High Implementation Costs Requires significant investment in setup and customization. Many appreciate the platform's ability to centralize financialdata, effectively reducing the reliance on manual spreadsheets.
Ho notes that CFOs, with their wider lens, can lead a team to draw insights from data to address specific strategic needs. There is a clear distinction between dataanalysis for analysis sake (e.g. CFOs will find it even more challenging to move into the space of non-financialdata and customer data platforms."
The Planning Maestro App for QuickBooks Online Advanced provides a two-way sync of financialdata between QuickBooks Online Advanced and Planning Maestro, resulting in improved efficiency, fewer manual processes, and greater confidence in data quality and integrity.
The finance team can make this possible through the management of associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. Now, beyond interpreting financialdata, we’re now also embracing sustainability reporting and assurance – a rapidly growing field."
Budgeting and Forecasting: They have experience in creating and managing budgets, as well as forecasting financial performance based on historical data and future expectations. Strategic Thinking: FP&A candidates align financial goals with the company's strategic objectives, contributing to long-term planning and decision-making.
This is true in all possible economic situations: in times of growth FP&A participates in setting business objectives, analyzing options of growth, assessing market opportunities and risks, while in times of recession FP&A can contribute to corrective action plans, cost-cutting and other initiatives to preserve company’s financial health.
The rise in digital transformation (DX) initiatives and the adoption of mobile technologies have also contributed to the demand for cloud-based financial applications in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financialdata.
This week’s B2B venture capital roundup includes a slew of companies experimenting with enterprise data use cases. They include Internet of Things (IoT)-connected manufacturing machines, cross-platform financialdataanalysis, predictive analytics for inventory management and more. In all, more than $87.8
Looking inward, Nurfadhli said the setup has accelerated the real-time decision-making process, including financial management. This cover maximising the workload of the financial team, automating the financial administration process, as well as easing the financialdataanalysis," he added.
AI Advantages and Opportunities for CFOs AI presents key advantages and opportunities for CFOs: AI Enhanced DataAnalysis AI enables CFOs to analyze large volumes of financialdata quickly and accurately, uncovering valuable insights for decision-making. Where will you take AI in your business?
To survive and thrive in the current corporate environment, you need to have more financialdata than the competition. Doing this enables business leaders to make more appropriate decisions regarding their company’s financial future. However, you can also create a cash flow forecast that covers weeks or months.
Here's a hint: using automation can really make the most of your QuickBooks investment. All from within Excel, Connect equips users to import live data from all ERP systems, effortlessly construct reports, and access all ERP data from your spreadsheets. You want to simplify your life, not complicate it.
Preparing for due diligence : Due diligence is the process of evaluating a potential investment or acquisition. A CFO can help you prepare for due diligence by gathering and organizing financial information and documents, and by answering any questions that investors may have. If at are favorable to you.
Dataanalysis is a treasure trove for non-profits. Solid processes around nonprofit data give you critical information to highlight unique aspects of your organization, boost morale, increase credibility, enhance transparency, and build community awareness to support your mission.
This AI-driven approach strengthens risk management by providing timely insights and informed decisions based on real-time dataanalysis and predictive modeling. Risk of Insufficient Liquidity The initial facet of liquidity risk involves whether businesses possess sufficient cash reserves to meet their financial obligations.
According to KPMG, 65% of international dealmakers believe ESG is a key consideration when making investments and in merger and acquisition decisions, 1 and EY reports that 99% of investors use ESG disclosures as a part of their investment decision-making.
For many SMEs, the cost of investing in and maintaining their enterprise resource planning (ERP) system is high. Too often, companies make investments over time to address one need or another without an overall strategy or rationalizing existing systems. Maximizing Benefits. Is your company facing any of these challenges?
There is no shortage of FinTech firms that have emerged since the 2008 financial crisis aiming to facilitate access to small business capital, many of which target supplier and invoice financing specifically. As the industry grows, access to small business financialdata is a critical component of risk mitigation and underwriting practices.
Variance Analysis: Implement a system for regularly monitoring and analyzing budget variances (differences between budgeted and actual figures). Historical DataAnalysis: Analyze historical financialdata to identify trends, seasonality, and patterns that can inform your budget assumptions and forecasts.
Data warehouses are a thing, too, but marketplaces offer something a little more orderly. Cataloguing enables buyers to find the data they want, assess its quality and completeness and understand how others have used it before they invest. Curating increases quality and lets users prepare “fit for purpose” data sets on demand.
In fact, BNP Paribas says Asian markets are experiencing a surge in sustainable financing, from green bonds to transition finance, highlighting the region’s increasing maturity in sustainable finance with the uptick in biodiversity investments.
Companies must invest in mentoring programs, which can offer bourgeoning professionals key wisdom and helpful insights about how to best learn, network and raise their hands when opportunities arise. More guidance and investment in young leaders will help better empower women in finance, putting more rising stars on the leadership track.
Consistent with their 2018 forecast, McKinsey’s late 2020 study found that organizations that invested more in digital than their competitors were twice as likely to report outsize revenue growth. With cloud-based financialdata and nearly unlimited processing power, multiple and complex scenarios can be generated instantly.
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