Sat.May 15, 2021 - Fri.May 21, 2021

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Governance: The key to digital transformation in the finance organization

Anaplan

To enable true digital transformation, CFOs should see themselves as business leaders first and finance heads second.

Finance 94
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Dan Heath: Three Barriers to Upstream Thinking

CFA Institute

"When no one owns a problem, it probably won't get solved.".

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Trending Sources

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Announcing the Planful Champions Club

Planful

We’ve worked with thousands of FP&A professionals over the years, at our customers and partners, and also internally, with the Finance experts who design and build our solutions and ensure the success of our ecosystem. Over time we’ve seen how those who proactively learn and explore Planful, and work to deeply understand and share its […].

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LTV to CAC Ratio of Three | Myth or Legend

The SaaS CFO

Almost everyone in SaaS has heard of the LTV to CAC ratio. And almost everyone has heard that we should target an LTV to CAC ratio of at least three. This was popularized (I believe) by the great content published by David Skok on SaaS metrics. But what does it mean to have an LTV […]. The post LTV to CAC Ratio of Three | Myth or Legend appeared first on The SaaS CFO.

CFO 52
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Developing an operational data strategy for an AI-ready, data-centric business

Future CFO

Organisations are keenly aware of the important role data plays in the decision-making process; and much has been discussed about operating with a data-centric mindset. Acknowledging that terms such as Big Data and Artificial Intelligence (AI) exist is no longer enough. As firms strive to foster a data-centric mindset throughout the organisation, it grows clear that lacking a data strategy will likely hinder future growth.

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3 Ways to Beat the Stress of the Financial Consolidation Process

Planful

Financial consolidation and financial reporting—be it year-end, quarterly, or monthly—usually come with stressors: You have to clamber to collect all the data, ensure your inputs are accurate, and handle the close and consolidation process by the deadline. The process is still complex and imperfect. As Mary Driscoll, APQC’s senior research director for financial management, said, […].

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Notice of Filing of a Proposed Rule Change to Adopt a Supplemental Liquidity Schedule

Corporate Financial Weekly Digest

The Securities and Exchange Commission is seeking comments on a Financial Industry Regulatory Authority (FINRA) proposal to adopt a Supplemental Liquidity Schedule (SLS), and instructions thereto, pursuant to FINRA Rule 4524. FINRA Rule 4524 provides in part that each member, as FINRA shall designate, shall file as a supplement to FOCUS Reports such additional financial or operational schedules or reports as FINRA may deem necessary.

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CFOs: Why you need to adopt a different AI approach

Future CFO

While CFOs surveyed recently by Gartner are likely to invest in AI, they need to adopt a different AI approach to reap the benefits of the technology, said Gartner recently. The firm’s survey of 300 CFOs and finance leaders in May 2020 indicate that 90% of respondents anticipate investing “more, less, or the same amount” in AI since the pandemic. To get the full benefits, and thus competitive advantage, from such investments CFOs must look beyond projects that only aim to modernise the function,

Finance 52
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To Invest Internationally, or Not — That Is the Question

CFA Institute

We should lean toward investing in all of the world all of the time.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Announcing the Planful Champions Club

Planful

We’ve worked with thousands of FP&A professionals over the years, at our customers and partners, and also internally, with the Finance experts who design and build our solutions and ensure the success of our ecosystem. Over time we’ve seen how those who proactively learn and explore Planful, and work to deeply understand and share its capabilities, become valuable agents of success within their organizations.

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ESMA Recommends Permanently Lowering the Reporting Threshold for Net Short Positions to 0.1 Percent

Corporate Financial Weekly Digest

On May 20, the European Securities and Markets Authority (ESMA) proposed to the European Commission (Commission) a permanent reduction to the threshold to notify net short positions on shares to EU national competent authorities (NCAs) from 0.2 percent to 0.1 percent. ESMA states that it examined the evidence obtained following its successive emergency decisions, which began in March 2020, to temporarily lower the notification threshold to 0.1 percent.

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Understanding Esker’s Accounts Receivable Suite in 8 minutes

Future CFO

Cash is king especially in times of crisis. Since 2020, businesses in Asia have looked more closely on their financial position, especially cash flow, as they face the uncertainties of 2021. Esker’s Taylor Bucker writes that having a clear understanding of cashflow, the processes that establish it and how to effectively manage it is imperative for any organization’s financial health.

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5 strategies for achieving best-in-class credit and collection process

Future CFO

Trading on credit has become necessary for companies looking to drive sales and improve their competitive advantage. Today, the majority of B2B invoices issued worldwide involves trade credit, however, an invoice on credit is at risk of payment delay. For businesses looking to secure their cashflow it is essential that they optimise their credit and collections process and minimise customer risk.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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How Fujifilm Business Innovation improved CX and optimize productivity

Future CFO

Fujifilm Business Innovation Corporation, a leading provider in offering smarter ways to work with document-related solutions and services, was manually processing an average of 32,500 invoices each month, making billing and invoice tracking tedious and time consuming. Sending out monthly invoices took up to nine working days. This translated into cash flow issues for the company, as changes in customers’ addresses were not always updated and invoices wrongly addressed, resulting in late payment

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Cybersecurity: Attackers spend 264 hours undetected in target networks

Future CFO

Cybersecurity requires more effort as the median attacker dwell time before detection was 11 days, said Sophos recently when releasing its Active Adversary Playbook 2021. In 11 days or 264 hours, there’s ample time for malicious activities, such as lateral movement, reconnaissance, credential dumping, and data exfiltration to take place, the firm added.

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What the post-pandemic global economy would be like

Future CFO

The post-pandemic global economy wound not the like the one before the coronavirus hit, said EIU recently. To tackle the outbreak, developed countries have unleashed record-high amounts of fiscal stimulus, pushing public-debt ratios to unprecedented levels, EIU noted. Meanwhile, long-term growth prospects are grim, raising questions about the sustainability of such high debt levels and the implications of the current situation for economies around the world, EIU added.

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Inefficient contracting results in revenue loss, missed opportunities

Future CFO

Inefficient contracting has led to revenue loss and missed opportunities for more than half (57%) of the world’s major companies, said EY recently. In addition, 50% of major firms have missed out on business, according to results of a survey of 1,000 contracting professionals and leaders from law departments, procurement, commercial contracting and business development functions around the world.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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3 Ways to Beat the Stress of the Financial Consolidation Process

Planful

Financial consolidation and financial reporting—be it year-end, quarterly, or monthly—usually come with stressors: You have to clamber to collect all the data, ensure your inputs are accurate, and handle the close and consolidation process by the deadline. The process is still complex and imperfect. As Mary Driscoll , APQC’s senior research director for financial management, said, “[finance department staffs] are soldiers on the front lines.

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Anti-fraud: Use digital tech and stop being over-confident about your intuition

Future CFO

Accountants have reservations about digital tools built for anti-fraud purpose, believing they are too expensive and irrelevant for smaller practices, said ACCA recently. Only 49% of respondents ran any form of online checks on new clients — preferring to verify passport and other identity details using traditional paper methods, according to results of a survey of 278 accountants who are mainly based in the UK but there are also inputs from around the world.

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The importance of emotional intelligence

Future CFO

Improving emotional intelligence (EQ) has been transforming employees and organisations. ACCA in this video offers some tips on how you can improve your EQ that will in turn boost productivity. The post The importance of emotional intelligence appeared first on FutureCFO.

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European Commissioner Speech on AML and CTF Action Plan Reforms

Corporate Financial Weekly Digest

On May 18, a speech by the European Commissioner for Financial Services, Financial Stability and Capital Markets Union was published outlining elements of the anti-money laundering (AML) and counter-terrorist financing (CTF) action plan that the European Commission (Commission) intends to present further and reform. The Commissioner explained that the presentation to deliver the proposed new EU AML and CTF framework would be delayed until July due to technical issues and the volume of measures.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.