CFO Talks

SEPTEMBER 17, 2024

Building Robust IT Systems for Financial Reporting As financial operations become increasingly complex, having the right IT infrastructure in place is no longer just a back-office necessity—it’s a strategic advantage. It also facilitates real-time reporting and ensures that data is backed up and secure.

Financial Reporting 52

Financial Reporting Auditing Compliance CFO 52

Cube Software

APRIL 3, 2025

What is financial consolidation? Financial consolidation is the practice of combining financial data from multiple business entities into a single, unified set of financial statements.

IFRS 52

IFRS GAAP Accounting Principles Accounting Standards 52

The Charity CFO

MAY 31, 2024

But what financial reports are most important to build that trust through transparency with your board of directors? Statement of Financial Position Your statement of financial position is a financial report that provides an overview of the organization’s financials at a specific point in time.

Nonprofit 52

Nonprofit Financial Reporting Budgeting CFO 52

CFO Plans

JUNE 27, 2024

Customized Financial Reporting for Better Decision Making Every business has unique financial needs and goals. Outsourced accounting services provide customized financial reporting that offers a clear and comprehensive picture of a company’s financial health.

Financial Reporting 52

Financial Reporting Tax Planning CFO Manufacturing 52

CFO Talks

MARCH 5, 2025

To make sure everything aligns: Set up strong internal processes Have a clear system in place for collecting and verifying financial data. Keep track of reporting deadlines Use a compliance calendar so you never miss a submission. If the data is incorrect or unclear, the company may face penalties or extra audits.

IFRS 52

IFRS Auditing Compliance Financial Data 52

Spreadym

AUGUST 17, 2023

A financial reporting dashboard is a visual representation of financial data and key performance indicators (KPIs) presented in a consolidated and easily digestible format. This allows for a personalized view of the financial data. This helps identify trends and patterns that can inform future strategies.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have. What is financial reporting software?

Financial Reporting 52

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

The Finance Weekly

JANUARY 19, 2025

Natural Language Processing (NLP) - AI understands and processes human language, making it easier to analyze financial reports and documents. Predictive Analytics - AI uses past data to predict future events, helping businesses prepare effectively. This makes financial plans more useful and easier to follow.

Planning 52

Planning Analyzing Data Financial Data Risk Management 52

The Finance Weekly

FEBRUARY 26, 2025

Data Visualization and Reporting Prophix simplifies financial reporting with intuitive dashboards and customizable reports. Charting and Graphing Tools Create interactive financial visuals to support decision-making. Self-service Reporting Empower stakeholders with easy access to real-time financial data.

Financial Planning and Analysis (FP&A) 52

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

CFO Talks

FEBRUARY 20, 2025

The real value lies not in reporting the past but in questioning, interpreting, and challenging financial data to drive better decisions for the future. Financial reports are produced the same way they have always been. Yet, in many organisations, the status quo remains unchallenged. The problem?

Numbers 52

Numbers Financial Analysis Financial Analyst Financial Data 52

PYMNTS

JULY 5, 2017

.” Some experts are worried a similar trend can be seen within the financial functions of the enterprise itself, with automated accounting and forecasting capabilities now offered quicker and more accurately via robots than humans. The nature of financial reporting is to communicate facts aggregated using accounting rules.

Financial Data 52

Financial Data Financial Reporting Auditing CFO 52

Future CFO

FEBRUARY 14, 2025

"Ensuring data integrity requires robust governance frameworks, automated validation processes, and continuous monitoring for inconsistencies." He says AI-driven anomaly detection can help identify discrepancies in financial data, while real-time reconciliation tools can ensure accuracy in reporting.

Cash Flow Forecasting 78

Cash Flow Forecasting Compliance Leverage Reconciliations 78

The Charity CFO

MARCH 13, 2025

Maintain Detailed Financial Reporting Your nonprofits accounting system should allow you to generate detailed reports on every dollar spent. If you dont have real-time access to financial reports, its time to upgrade your processes or invest in better financial management technology. Download it for later.

Nonprofit 52

Nonprofit Auditing Compliance Leadership 52

PYMNTS

NOVEMBER 28, 2017

According to Kurt Rathmann, CEO and founder of SMB accounting firm ScaleFactor , the month-end close may be the traditional way of doing things, but it forces small business owners to examine data that, by the time a financial report is completed, is too old to be of much use. “The news is about 30 days old at best.”

Financial Reporting 45

Financial Reporting Accounting Benchmarking Forecasting 45

The Finance Weekly

FEBRUARY 23, 2025

Budget approval ensures financial stability, prevents unnecessary expenses, and keeps projects on schedule. Present financial data with clear charts for faster decision-making. Provide business context to support data-driven discussions. Automate data collection for consistent reporting.

Financial Planning and Analysis (FP&A) 52

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

The Charity CFO

JANUARY 22, 2025

By decentralizing financial responsibility, nonprofits unlock powerful advantages including: Increased Transparency : Leaders who understand their budgets reduce the risk of financial mismanagement and foster trust within the organization. Provide clear, consistent financial reports and templates tailored to each departments needs.

Nonprofit 52

Nonprofit Leadership Accounting Budgeting 52

Planful

JULY 20, 2018

Now finance teams can quickly build dynamically refreshed management and financial reports directly within Microsoft Excel, Word, and PowerPoint. With the click of a mouse, data can be instantly refreshed directly within Microsoft Office applications. Faster, Easier Reporting Inside Microsoft Office.

Microsoft Office 40

Microsoft Office Financial Reporting Financial Data Finance 40

CFO Talks

FEBRUARY 12, 2025

Steps to use historical data effectively: Review financial reports from previous years. The world is constantly changing, and factors such as inflation, interest rates, and economic conditions can impact financial forecasts. How to stay updated with real-time data: Monitor financial reports regularly.

Forecasting 52

Forecasting Budgeting Economics Planning 52

CFO Talks

NOVEMBER 27, 2024

Review existing data: Look at your company’s historical trends, current financial data, and market research. Even if the data isn’t perfect, it can give you a starting point. Use visuals, like charts or dashboards, to explain financial data. Ask questions: What information do you have now?

CFO 52

CFO Budgeting Forecasting Communication 52

CFO Share

JUNE 18, 2024

Implement Sign-Offs and Quality Assurance from Other Departments Asking your bookkeeper to validate all financial data is unrealistic and sets them up for failure. Instead, create a system where department heads are responsible for confirming the accuracy of some data. Operations – validates inventory records.

General Ledger 105

General Ledger CFO Accounts Payable Financial Data 105

Future CFO

NOVEMBER 17, 2022

With external pressures that are hard to predict, real-time visibility over financial data, processes and working capital will be key to survival, leading to greater pressure on CFOs and those who report into them, according to the research.

Finance 96

Finance Financial Data Economics Budgeting 96

Future CFO

MARCH 3, 2025

Repetitive tasks, such as financial reporting, are increasingly being automated, freeing up finance professionals to focus on strategic initiatives. A recent report by McKinsey estimates that automation could potentially displace up to 30% of work activities in finance and accounting.

Finance 69

Finance Communication Leadership Profit and Loss 69

The Charity CFO

FEBRUARY 20, 2025

Engage Department Heads : Involve program managers and department heads in the budgeting process to give them ownership over their areas financial planning. Encourage department heads to regularly review financial reports for greater accountability. Do You Struggle to Make Sense of Your Financial Statements?

Nonprofit 52

Nonprofit Budgeting Prioritization CFO 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

E78 Partners

FEBRUARY 26, 2025

Learn how leveraging financial analytics improves decision-making 3. Portfolio Managers expect data, not insights The Challenge: Some PE portfolio managers primarily seek raw financial data, without engaging FP&A as a source of strategic insights. This limits FP&As ability to influence decision-making.

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Cash Flow Forecasting Forecasting Financial Modeling 59

CFO Share

JULY 16, 2024

In contrast, a CFO is a more strategic financial professional, focusing on long-term planning, investor relations, and overarching financial strategy. Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) CFO General Ledger Compliance 98

Future CFO

SEPTEMBER 8, 2022

Should companies integrate their ESG reporting with their financial reporting? Fouesnant concedes that investors are asking for it, and therefore a company can no longer get away with just disclosing its financial data. However, many CFOs still see non-financial metrics around ESG as costs.

CFO 98

CFO Finance Compliance Financial Data 98

PYMNTS

MARCH 4, 2020

It’s a result, explained Gillette, of the legacy ERP no longer being suited to address the full range of businesses’ diverse financial and process management needs. He pointed to financial reporting as one example of this shift. Modernizing the ERP.

Cash Flow Forecasting 104

Cash Flow Forecasting Accounts Payable General Ledger Corporate Finance 104

The Charity CFO

FEBRUARY 4, 2022

A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . The nonprofit bookkeeper is the front line in the battle for the accurate financial data you need to run your business, so let’s review the core responsibilities of a nonprofit bookkeeper. .

Nonprofit 98

Nonprofit Invoicing General Ledger Accounting 98

CFO Talks

AUGUST 28, 2024

Understanding the Regulatory Framework South Africa’s regulatory environment is governed by a myriad of laws and standards that mandate specific reporting obligations. These include the Companies Act, the Tax Administration Act, the Financial Sector Regulation Act, and the International Financial Reporting Standards (IFRS), among others.

CFO 83

CFO Auditing Compliance IFRS 83

Centage

JULY 25, 2023

Otherwise, you risk sharing incorrect financial data. Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets. Fortunately, Planning Maestro offers cloud budgeting and planning software that simplifies the financial consolidation process. .

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

Bramasol

MAY 13, 2024

Its primary role is to oversee and regulate the auditing of public companies to protect investors' interests and ensure the integrity of financial reporting. Standard-Setting: It plays a role in setting and updating auditing standards to enhance the quality of audits and financial reporting. Why Should You Care?

Auditing 84

Auditing Compliance SAP Accounting Standards 84

CFO Talks

SEPTEMBER 5, 2024

Whether it’s streamlining financial reporting, enhancing data accuracy, or ensuring compliance with South African regulatory standards, clearly defining these objectives will guide the entire design process. Choosing the Right Software and Technology Selecting the appropriate financial software is a critical decision.

IFRS 98

IFRS GAAP Compliance Reconciliations 98

The Finance Weekly

FEBRUARY 22, 2025

Budgeting & Forecasting - Automate budgeting processes and generate real-time financial forecasts based on live data. Scenario Planning - Utilize AI-powered "what-if" modeling to assess financial outcomes and optimize strategies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning General Ledger (GL) Forecasting 52

Future CFO

JULY 21, 2024

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 financial data, we’re now also embracing sustainability reporting and assurance – a rapidly growing field."

Finance 104

Finance Accounting Principles Problem Solving Accounting 104

CFO Talks

NOVEMBER 29, 2024

When you’re young, focus on deeply understanding the core accounting principles, financial reporting, and regulatory compliance. Learning to analyse financial data with a strategic lens, understanding broader business impacts, and identifying potential risks are essential skills for any future CFO.

CFO 95

CFO Auditing Leadership Finance 95

CFO Talks

SEPTEMBER 28, 2024

To translate financial performance into actionable results, start by understanding the key drivers behind your financial data. Evaluate your financial reports to identify where investments are most needed. Use data to understand customer behavior, optimise pricing strategies, or improve inventory management.

Communication 98

Communication CFO Numbers Leverage 98