FASB studies AI use in financial data analysis
CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
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CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
Future CFO
DECEMBER 29, 2024
Financial transformation has emerged as a critical imperative for organisations in 2024, driven by the need to adapt to rapidly changing economic conditions, technological advancements, and evolving business landscapes. CFOs are expected to manage financial risks and drive strategic growth initiatives.
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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 financial data plays in informing businesses about strategy and continuity, the poor visibility if any, and the lack of real-time access to data.
From Start to Scale: Driving Growth Through Seamless Payments Implementation
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
Barry Ritholtz
JUNE 17, 2024
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 Financial Data. They are based on historical data that looks at 200 Years of Market Concentration. You might be surprised at the findings.
Jedox Finance
SEPTEMBER 29, 2021
Creating cross-functional planning and analytical skills, extending the traditional scope of financial planning is known as xP&A. This term, set by Gartner, overlooks financial and non-financial business processes, data, and technology tools. Connecting the dots.
Future CFO
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It is why the accounting profession is in need to keep up with the technological trends and not be caught off guard by the hurdles on the way, fully understanding the weight and importance of upskilling and reskilling. This transformation is an intertwined act of two complimentary forces: Sustainability and Technology," Abrol explains.
Future CFO
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As the business world veer towards constant changes--be it on technological advancements, regulations and policies, or sustainability standards and initiatives, it is imperative that Finance leaders know their way. Ho notes that CFOs, with their wider lens, can lead a team to draw insights from data to address specific strategic needs.
The Finance Weekly
DECEMBER 30, 2021
For businesses, this might spell out the adoption of a new strategy, scheduling approach, or technology implementation. Technology implementation has been a popular course of action in recent years for many organizations. Moreover, how do you ensure data quality, security, and privacy as cybersecurity breaches stubbornly persist?
Future CFO
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Mark D McDonald “Just like any disruptive technology throughout history, AI will inevitably displace and replace some roles and skills, but new roles, skills, and opportunities will also emerge." What level of maturity in terms of experience at work and in the use of technology should a finance person have for AI to make a difference?
Future CFO
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The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.
Jedox Finance
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How does EPM fit within a business’s existing technology architecture? EPM bridges the gap between these different planning silos and supports planning, analysis and reporting of business results, KPIs and more. Collection of organization-wide financial and non-financial data.
Centage
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The leading provider of modern cloud-based FP&A solutions for mid-sized organizations, Centage Corporation prides itself on empowering today’s financial leaders to better guide their organizations to success. In an effort to continue delivering the best possible services, Centage has teamed up with global technology firm Intuit Inc.,
Future CFO
APRIL 3, 2023
Using machine learning and artificial intelligence (AI) for forecasting and predictive analysis is the next frontier for companies, where efficiency gains from RPA can help create more time for higher-value work such as AI-enabled data analysis and forecasting.
Spreadym
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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.
Centage
OCTOBER 3, 2022
Disadvantages of Excel for Financial Forecasting While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios.
Fpanda Club
SEPTEMBER 2, 2021
The growing variety and complexity of tasks within the finance function has resulted in the creation of a discipline that is supposed to become a bridge between the finance and business to support decision-making process by leveraging data and technology. This relates to FP&A which stands for financial planning and analysis.
Centage
SEPTEMBER 6, 2022
Lack of Security Features Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Technology does not change so your business can stay the same.
Centage
JANUARY 18, 2022
As each contributor enters financial information and transactional data, those inputs automatically ripple through the budget. That extends from the most meticulous operational details to the highest consolidated financial roll-ups.
Future CFO
APRIL 12, 2023
This growth has driven technology adoption and behaviour changes across the industry trend and customers, triggering the acceleration of various shopping platforms: social commerce, e-commerce, and other forms of online shopping in Indonesia," he continued.
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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 financial data analysis, predictive analytics for inventory management and more. In all, more than $87.8
Centage
SEPTEMBER 7, 2021
As defined by Wikipedia, Business Intelligence comprises the strategies and technologies used by enterprises for the data analysis of business information. BI technologies provide historical, current, and predictive views of business operations. Which is why Business Intelligence is so important.
Future CFO
DECEMBER 17, 2023
Technology and some budget flexibility will boost confidence The theme of 2023 is doing more with less, and that will continue to be the case as economic uncertainty carries over into 2024, said Tom Lavin, Chief Controlling Officer, Marketing and Solutions. Exceptions will trigger AI-driven, automated audits to ensure compliance.
CFO Share
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AI Advantages and Opportunities for CFOs AI presents key advantages and opportunities for CFOs: AI Enhanced Data Analysis AI enables CFOs to analyze large volumes of financial data quickly and accurately, uncovering valuable insights for decision-making. Where will you take AI in your business?
The Finance Weekly
FEBRUARY 21, 2024
This unique blend of comfort and advanced technology ensures finance teams can operate within a known environment while accessing the benefits of modern financial software. A Testament to User Satisfaction and Innovation The success and rapid adoption of Datarails Connect reflect its alignment with user needs and technological trends.
Centage
JULY 26, 2022
To survive and thrive in the current corporate environment, you need to have more financial data than the competition. Doing this enables business leaders to make more appropriate decisions regarding their company’s financial future.
Centage
OCTOBER 3, 2022
Disadvantages of Excel for Financial Forecasting. While Excel is not necessarily bad for data analysis or financial forecasting, it may not be the best option available to your business. To conduct financial data analysis, your business needs to test various hypothetical scenarios. Limited Visibility.
Centage
JANUARY 19, 2024
It requires the ability to consolidate financial data from disparate sources, analyze regional or departmental nuances, and make informed decisions that contribute to the collective success of the business. Reducing reliance on manual data analysis and automating cost allocations significantly improves efficiency and speed.
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Lack of financial expertise If you or your management team lack financial expertise or experience, a fractional CFO can bring the necessary knowledge and skills to your startup. Additionally, they can help you navigate financial challenges by developing strategies to overcome them.
Centage
SEPTEMBER 6, 2022
Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Use Centage Corporation’s Planning Maestro for Your Corporate Financial Planning.
Jedox Finance
JULY 11, 2023
As early as March 2022, compelling arguments emerged for aligning ESG and financial planning and reporting within the office of finance. To leverage these technology investments, finance teams have also honed their organizational networks by partnering with diverse and often faraway global business units.
Future CFO
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Advisors are instrumental in keeping companies updated on developments, while a unified data set and governance framework for ESG activities enhance interoperability across markets."
Spreadym
SEPTEMBER 19, 2023
Exponential Growth Models: Exponential Growth: Suitable for data that exhibits exponential growth or decay, such as population growth or the adoption of new technologies. Variance Analysis: Implement a system for regularly monitoring and analyzing budget variances (differences between budgeted and actual figures).
Future CFO
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Ng: When it comes to gender equality, finance and technology industries have progressed much recently, but more work can still be done to inspire and empower female talent in these areas: Vyin Ng, Finance Director of Microsoft Hong Kong and Macau. The “new normal” could still look very different in six months or year or two from now.
Planful
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To get you started, here are 5 ways you can use AI to transform finance and 5 ways AI can speed your move away from yesterday’s technology for a total of 10 tips you can put to work today. Predictive analytics: Uses past data to determine which scenarios are most likely to occur in the future. Essential Terms.
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