Future CFO

JUNE 24, 2024

The balance sheet and key financial ratios should tell the strengths and problems of the Company. It’s not easy to go through all the financial data to identify what’s relevant and what’s not. How do you dissect complex algorithms as compared to traditional financial models?

Auditing 111

Auditing Financial Analysis Forecasting Reconciliations 111

Spreadym

JUNE 27, 2023

Budgeting involves allocating resources and setting financial targets for various departments or business units within the organization. Financial Analysis: FP&A professionals conduct in-depth analysis of financial data to assess the organization's performance and identify areas for improvement.

Financial Planning and Analysis (FP&A) 52

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

Fpanda Club

SEPTEMBER 2, 2021

This process usually presumes the close collaboration of FP&A teams with business leaders and executives to align goals and expectations and create a common financial model of future revenues, costs and cash flows based on the external and internal factors and conditions.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Corporate Finance Communication Budgeting 130

E78 Partners

AUGUST 15, 2023

They utilize advanced financial modeling techniques to predict outcomes and assess the viability of various business strategies. This case study with Firstsource exemplifies E78 Partners’ expertise in delivering substantial value through advanced financial modeling and forecasting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Cash Flow Forecasting Financial Modeling Forecasting 52

Centage

SEPTEMBER 14, 2021

Compounded over many rows, even a simple mistake can lead to faulty financial data. Large or small business that use spreadsheets are taking a risk: Boeing leaked employees’ personal data in a hidden spreadsheet column. Siloed financial data can lead to false assumptions because insight isn’t based on a complete picture.

Budgeting 96

Budgeting General Ledger Data Analysis Financial Data 96

The Finance Weekly

NOVEMBER 20, 2023

AI integration in their FP&A function brings various positive outcomes: AI algorithms boost efficiency by swiftly handling large amounts of financial data, reducing the , risk of errors , and enhancing data integrity. Advanced AI solutions offer real-time analysis during data entry.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Cash Flow Forecasting Forecasting 52

Beacon CFO Plus

SEPTEMBER 27, 2023

They help streamline expenses, negotiate vendor contracts, and implement cost-effective financial processes to extend the runway for the startup. Fractional CFOs assist in fundraising efforts by preparing financial models, investor presentations, and financial projections that attract potential investors.

Startups 52

Startups Compliance CFO Financial Modeling 52

The CFO College

AUGUST 31, 2021

If they have to rely on capital raising, it’s hard for companies to attract private or institutional investors in competitive markets without a great accountant and strong financial model. The deck includes: Bullet-proof financial model. Management team that shows prior proven success. And much more.

Startups 81

Startups Accounting General Ledger Forecasting 81

The Finance Weekly

JANUARY 19, 2023

An operational CFO optimizes performance by combining data from various departments with financial data. It involves analyzing financial statements and data from different business units. Though both have many of the same responsibilities, each type carries different expertise.

Leadership 98

Leadership CFO Benchmarking Finance 98

Centage

OCTOBER 3, 2022

Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios. The process of generating what-if scenarios and financial models or incorporating several variables at once could be time-consuming. A single miscalculation could lead to significant monetary loss.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Spreadym

AUGUST 10, 2023

What is financial reporting software? Financial reporting software refers to specialized tools or applications designed to help organizations generate, manage, and present their financial data in a clear and organized manner. Exporting and Sharing: The ability to export reports in various formats (PDF, Excel, etc.)

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

Spreadym

MAY 26, 2023

It helps automate and streamline the budgeting process by providing tools and features to input financial data, allocate funds to different categories, monitor expenses, and generate reports. Centage integrates with various data sources, such as accounting systems and spreadsheets, allowing for automated data imports.

Budgeting 52

Budgeting Forecasting Financial Modeling SAP 52

Centage

OCTOBER 17, 2022

To that end, it’s essential to have a software program that lets you create multiple versions of your budget based on different financial models. A modern FP&A solution, Planning Maestro provides a superior way of budgeting, planning, forecasting, and reporting financial data.

Strategic Planning 98

Strategic Planning Planning Cash Flow Forecasting Forecasting 98

Spreadym

MAY 15, 2023

Key features Web-based interface Collaborative workspace Unified methodology of reporting Pricing Upon request Datarails Datarails is a financial planning and analysis platform that offers automation, visualization and consolidation capabilities. Data integration and security Evaluate the platform's data integration capabilities.

Financial Planning and Analysis (FP&A) 52

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

E78 Partners

MARCH 1, 2023

The value that E78 Partners provides is huge Cammie Muller – Chief Financial Officer of Aurora Organic Dairy The Problem Cammie Muller, the Chief Financial Officer at Aurora Organic Dairy, remembers when the company didn’t have a solution for managing their financial data’s reporting and analytics.

Financial Modeling 40

Financial Modeling Leadership Forecasting Financial Data 40

Centage

SEPTEMBER 11, 2023

Gather the Data. Collect your company’s financial data, including the budgeted and the actual figures for the same timeframe. Scenario Planning Proactively prepare for different future scenarios by using your financial variances to conduct scenario planning. We’ve laid the step-by-step process out below.

Financial Planning and Analysis (FP&A) 105

Financial Planning and Analysis (FP&A) Budgeting Forecasting Performance Measuring 105

Centage

OCTOBER 3, 2022

To conduct financial data analysis, your business needs to test various hypothetical scenarios. The process of generating what-if scenarios and financial models or incorporating several variables at once could be time-consuming. A single miscalculation could lead to significant monetary loss. Limited Visibility.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

Jedox Finance

SEPTEMBER 10, 2020

For dynamic forecasting to work effectively, CFOs need a scenario and modeling platform that supports real-time data updates. It combines financial data, customer, and sales data with operational data at scale. No one knows which of the many scenarios on how recession and recovery will play out.

CFO 69

CFO Forecasting Budgeting Financial Modeling 69

Future CFO

AUGUST 3, 2021

The pandemic gave new meaning to financial agility. It became vital as companies pivoted, recalibrated their financial models, and looked to withstand market shocks. For financial leaders, this shift in meaning created challenges. As a result, every company sought financial clarity. Automation offers new benefits.

Finance 52

Finance Forecasting Financial Modeling Accounts Payable 52

Centage

OCTOBER 17, 2022

To that end, it’s essential to have a software program that lets you create multiple versions of your budget based on different financial models. A modern FP&A solution, Planning Maestro provides a superior way of budgeting, planning, forecasting, and reporting financial data.

Strategic Planning 52

Strategic Planning Planning Cash Flow Forecasting Forecasting 52

Spreadym

JUNE 6, 2023

This evaluation helps in monitoring performance, identifying deviations, and taking corrective actions to achieve financial goals. Financial forecasting relies on historical financial data, market trends, economic indicators, industry analysis, and assumptions about future conditions.

Forecasting 52

Forecasting Budgeting Planning Financial Modeling 52

The Finance Weekly

SEPTEMBER 27, 2021

While this all sounds amazing the main problem is that dashboards frequently necessitate complex Business Intelligence (BI) programs, which are not well adapted to producing financial data. This makes Excel and Powerpoint indispensable.

Finance 52

Finance Construction Financial Analyst Financial Modeling 52

Future CFO

AUGUST 6, 2020

For dynamic forecasting to work, CFOs need a scenario and modelling platform that supports real-time data updates. It combines financial data, customer, and sales data with operational data – at scale. No one knows which of the many scenarios on how recession and recovery will play out.

CFO 40

CFO Forecasting Budgeting Financial Modeling 40

Planful

MAY 7, 2021

Automate the integration of HR, operational, and financial data from any HCM, CRM, or ERP to see the most accurate picture of your business. Categorize data with pre-established financial intelligence and logic, saving you countless hours. 2. The right platform enables high-frequency, data-driven decision-making.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Forecasting Finance 40

Michigan CFO

JUNE 7, 2023

Financial Reporting and Analysis: Virtual CFOs prepare (or oversee the preparation of) accurate and timely financial statements, analyze financial data to assess business performance, generate customized reports for management and stakeholders, and conduct financial ratio analysis and benchmarking.

CFO 52

CFO Problem Solving Budgeting Communication 52

PYMNTS

NOVEMBER 13, 2018

In addition, 70 percent of those surveyed believe technology could allow for simplified and coherent solutions when it comes “to reviewing and analyzing contract text, running multiple scenario analyses and financial modeling (52 percent), and visualizing financial performance data (41 percent).”

Mergers and Acquisitions (M&A) 57

Mergers and Acquisitions (M&A) Compliance Financial Modeling Technology 57

Planful

MARCH 16, 2016

A cloud-based modeling platform is easier to organize and manage than spreadsheets, while providing greater governance and control over the numerous modeling scenarios that a business creates. Advanced Modeling. With a cloud-based platform, company data can be accessed from anywhere. How Can the Cloud Help?

Forecasting 40

Forecasting Financial Data Financial Modeling Budgeting 40

Spreadym

SEPTEMBER 27, 2023

These KPIs could relate to financial performance, customer satisfaction, operational efficiency, and more. Data Integration: Gathering and integrating data from various sources within an organization is crucial for CPM. This data may include financial data, operational data, customer data, and more.

SAP 59

SAP Budgeting Forecasting Auditing 59

CFO Share

MARCH 23, 2021

Budgeting and forecasting are best practices in small business financial modeling. The 12-month (or sometimes 24-month) rolling forecast is the most important financial planning tool for your business. To avoid errors and bad decisions, it is vital to design a reliable update process into your model.

Forecasting 52

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

Planful

OCTOBER 5, 2021

Another impediment to a fast month-end close is the fact that most organizations don’t have a single source of truth collecting and housing all of their real-time data. Instead, financial data is spread in multiple enterprise resource planning (ERP) systems across various business units.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Finance Profit and Loss Benchmarking 40

Future CFO

OCTOBER 20, 2021

WD: As a CFO — besides traditional finance tasks such as bookkeeping, reporting and compliance — I am also responsible for optimising the company’s financial performance and driving the direction and success of the organisation by using financial knowledge and understanding of the company's business model while managing risks with all stakeholders.

CFO 52

CFO Leadership Finance Problem Solving 52

Onplan

DECEMBER 16, 2021

In a previous blog , we defined strategic finance as “a way to turn what’s traditionally been a siloed set of processes and functions into a unified, integrated view of your financial performance that takes the entire organization’s perspective into consideration.”. The most talented FP&A pros are masters.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Sales Finance Forecasting 52

Onplan

DECEMBER 16, 2021

In a previous blog , we defined strategic finance as “a way to turn what’s traditionally been a siloed set of processes and functions into a unified, integrated view of your financial performance that takes the entire organization’s perspective into consideration.”. The most talented FP&A pros are masters.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Sales Finance Forecasting 52

Future CFO

JUNE 13, 2022

It also involves strategic financial modelling to optimise resources, developing effective tools for financial data analytics, and implementing a robust finance framework to aid in service transformation and improving access to quality care for patients across SingHealth’s institutions.

Healthcare 52

Healthcare CFO Leadership Finance 52

The Finance Weekly

APRIL 13, 2024

2) Anaplan Anaplan is a cloud-based platform for financial modeling and planning, designed to assist businesses in modeling transactions, calculating commissions, and mapping the relationships among diverse data sets. Pricing Datarails offers customized pricing based on the needs of the user.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Invoicing Budgeting 52

Planful

AUGUST 30, 2016

Here, I was expecting Finance Transformation to be the top response, but was pleased to see Financial Modeling coming in as the top initiative at 49% of responses. This was followed closely by Forecasting with Predictive Analytics (26%), then Financial Transformation (41%). 28% – Use of Big Data or Non-Financial Data.

Finance 40

Finance Budgeting Forecasting Planning 40