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How to Create Accurate Budgets for Business Units 

CFO Talks

It requires careful planning, accurate numbers, and constant checking to make sure things stay on track. A business unit budget is a financial plan that outlines how much money a department expects to earn and spend. This isnt always easy, but looking at past financial data and market trends can help create more accurate estimates.

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From Chaos to Clarity Smarter Regulatory Reporting for CFOs 

CFO Talks

To make sure everything aligns: Set up strong internal processes Have a clear system in place for collecting and verifying financial data. Some useful tools include: ERP (Enterprise Resource Planning) systems These systems (such as SAP, Oracle, or Sage) help track financial transactions and automate reporting.

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Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

SAP addresses these challenges through a Parallel Accounting approach that offers flexibility to integrate multiple subsidiaries using either an account-based or a ledger-based approach. and also the status of their overall digital transformation journey and migration to SAP S/4HANA. Inventory Accounting (MM and ML).

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Amex, IBM Make B2B Finserv A Mixed Bag For Q2

PYMNTS

IBM missed the mark, Kyriba boasted its growth, and SAP has its S/4HANA solution to thank for a strong quarter. Here’s all the financial data you need to know from some of the largest B2B finance and tech businesses. SAP is thanking S/4HANA for its strong performance in Q2. American Express Global Commercial Services.

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Getting the decisions right: how can CFOs be future-ready

Future CFO

Chief financial officers need to get decisions right for their organisations to provide business confidence in investing in growth. The CFO can play an even bigger part in the future success of the business. The post Getting the decisions right: how can CFOs be future-ready appeared first on FutureCFO.

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Accounting Scandal Hits Oracle Cloud

PYMNTS

Oracle has been in a tight race with rivals, like Salesforce and SAP, to provide cloud services to the enterprise. According to reports, the company was hit with a lawsuit by a former senior finance manager accusing the company of manipulating accounting data within its cloud services unit. .

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How to Simplify Consolidated Financial Statements

Planful

Your finance team’s scrambling to gather data from the various business units within the organization, dealing with an overwhelming number of spreadsheets, and creating multiple versions of the same consolidated financial statement to comply with different regulatory bodies. It’s close time. Sound familiar?