CFO Simplified

APRIL 15, 2022

Accurate financial reporting is critical for any company. Financial reporting must be on an Accrual Basis. A cash flow forecast was developed to manage the company’s cash shortfall. The new financial reports and cash flow forecasts brought a clearer picture of the business’ financial position to the owners.

Financial Reporting 52

Financial Reporting Cash Flow Forecasting Profit and Loss Forecasting 52

Centage

MAY 23, 2022

With rolling forecasts, businesses can gain better insight while aligning their sales and production goals with what’s actually happening from a financial perspective. Read on to discover the benefits of rolling budgeting, rolling financial forecasting, and mid-year forecasts for your business. Watch Demo.

Forecasting 98

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

Lime Light

SEPTEMBER 12, 2024

As we move through 2024, the need for precise and real-time financial forecasting is becoming increasingly crucial for businesses aiming to stay ahead.

Forecasting 52

Forecasting Budgeting Financial Reporting Planning 52

Centage

OCTOBER 14, 2021

Financial reporting is a critical task for any organization. Understanding where your actual financials stand in relation to budgets and projections is important to keeping your business on track and in helping to create new projections and budgets. When using spreadsheets for financial reporting, these errors are amplified.

Financial Reporting 59

Financial Reporting Financial Planning and Analysis (FP&A) Budgeting Concentration 59

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. Decision Making : Financial reporting dashboards enable data-driven decision making by providing stakeholders with timely and accurate information.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

Centage

MARCH 2, 2022

While no one can predict what the market will do, accurate forecasts can help you anticipate impacts to sales, investments, and personnel. To achieve this, you need a cloud-based financial reporting software that can support frequent forecasting, scenario planning, and reporting. Learn More.

Financial Reporting 98

Financial Reporting Budgeting Forecasting Data Analysis 98

Centage

SEPTEMBER 27, 2022

Despite the basic truth that businesses need to be future looking if they hope to succeed, traditional financial reporting has typically focused on what’s happened in the past and present. Moreover, getting futuristic with financial forecasting can aid in risk assessment and help companies avoid costly mistakes.

Financial Planning and Analysis (FP&A) 52

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

Lime Light

OCTOBER 9, 2023

Rolling forecast software helps you evolve past static budgeting to a model that enables your FP&A team to make decisions smarter, faster, and with real-time data.

Forecasting 52

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

Lime Light

OCTOBER 9, 2023

Rolling forecast software helps you evolve past static budgeting to a model that enables your FP&A team to make decisions smarter, faster, and with real-time data.

Forecasting 52

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

The Finance Weekly

OCTOBER 27, 2022

The horrors are real when it comes to financial reporting. The worst part is that without the proper technology to help streamline and integrate financial reporting processes, your business will continue to have cascading errors, which will eventually result in the worst of all horrors: performance bottlenecking.

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Financial Reporting Finance Cash Flow Forecasting Forecasting 52

Lime Light

SEPTEMBER 22, 2023

Effective financial reporting processes and modern financial reporting software are changing the way CFOs and FP&A teams approach a critical component of financial control.

Financial Reporting 52

Financial Reporting Forecasting Budgeting 52

Lime Light

SEPTEMBER 22, 2023

Effective financial reporting processes and modern financial reporting software are changing the way CFOs and FP&A teams approach a critical component of financial control.

Financial Reporting 52

Financial Reporting Forecasting Budgeting 52

Collectiv

NOVEMBER 16, 2021

The most valuable indicators of the financial health and position of an organization are the metrics that are tracked in financial statements—Balance Sheets, Profit and Loss Statements, Cash Flow Statements, Account Receivables, and more. Financial reporting is meant to give stakeholders an accurate depiction of a company’s finances.

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Financial Reporting Profit and Loss Budgeting Analyzing Data 75

Centage

OCTOBER 3, 2022

This accessible program can accomplish various tasks, such as financial forecasting and budgeting. If your business has used Excel for financial forecasting, you may have found some challenges with the program. However, there can be some disadvantages to using Excel for your company’s financial forecasting.

Forecasting 98

Forecasting Budgeting Data Analysis Financial Modeling 98

Centage

DECEMBER 1, 2021

If your board asked you to run new numbers based on fresh assumptions, it took you days or weeks to create a new set of reports. But times have changed – which is why financial forecasting is more important than your annual budget. More than half (57%) are producing P&L forecasts more often than monthly. Watch Demo.

Forecasting 98

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

CFO Share

AUGUST 5, 2021

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. Depreciation and amortization reported for tax purposes in excess of that reported in financial reports. What is IRS section 280E?

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Forecasting GAAP Profit and Loss Accounting Principles 96

The Charity CFO

JANUARY 12, 2024

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. The best way to do this is through financial forecasting.

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Nonprofit Forecasting Budgeting Strategic Planning 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

Centage

JANUARY 3, 2024

As we ring in a new year and brace for all of the opportunities and challenges it will bring, one resolution should be near the top of the list for finance professionals: embracing flexible financial forecasting to future-proof your annual budget. Financial forecasting gives businesses the agility to adapt to changing conditions.

Forecasting 52

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

Collectiv

MAY 22, 2023

Accurate and timely business intelligence (BI) is critical to effective planning and forecasting. Each of our consultants has a unique background and skill set to help enterprise teams tackle any and all challenges with BI, planning, and forecasting using the Microsoft Power Platform and Power BI. We live in a data-driven world.

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Forecasting Planning Healthcare Sales 52

Centage

JANUARY 4, 2022

Part of that effort requires a deep dive into the overall financial health of your organization. That includes analyzing key financial metrics as part of the financial reporting and analysis process to see where you are today to determine where you want to be tomorrow (and how to get there!).

Financial Reporting 94

Financial Reporting Budgeting Accounts Payable Benchmarking 94

CFO Share

MARCH 23, 2021

A rolling 12-month forecast projects financial performance over a 12-month time horizon using the “add/drop” approach to forecasting. Unlike a budget or calendar year forecast, a rolling 12-month forecast adds one month to the forecast period each time a month is closed so that you are continuously forecasting for 12 months.

Forecasting 52

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

Centage

JUNE 21, 2022

Implementing rolling budgeting, rolling financial forecasting, and mid-year forecasts. Plan Ahead with a Rolling Forecast Like rolling budgets, rolling forecasts provide companies with future numbers for use in planning and management. The answer?

Forecasting 52

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

Planful

SEPTEMBER 6, 2021

In an ideal world, financial reports should build shareholder trust by offering accurate data about the performance of the company. In reality, a company’s financial report can be more flimsy—involving estimates and judgment from leadership that’s far from the truth. at its peak to $0.26

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Financial Reporting Valuation IFRS GAAP 40

Centage

OCTOBER 3, 2022

This accessible program can accomplish various tasks, such as financial forecasting and budgeting. If your business has used Excel for financial forecasting, you may have found some challenges with the program. Why Businesses Use Spreadsheets for Financial Forecasting. Risk of Errors.

Forecasting 52

Forecasting Budgeting Data Analysis Financial Modeling 52

Planful

JULY 25, 2017

It could be because your team lacks crucial financial reporting and analysis capabilities that help track key business metrics and trends. So, what exactly is financial reporting and why is it vital? Key Types of Financial Reports. Importance of Financial Reporting.

Financial Reporting 40

Financial Reporting Financial Planning and Analysis (FP&A) Profit and Loss Compliance 40

Lime Light

NOVEMBER 17, 2024

Cube FP&A is a well-known financial planning and analysis (FP&A) tool that has gained popularity for its ability to streamline financial reporting, budgeting and forecasting processes.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Budgeting Forecasting Financial Systems 40

Planful

MARCH 18, 2019

The financial reporting manager must be able to clearly explain specific financial concepts at a high level for busy executives. FP&A teams can do so by leveraging these four essential types of financial reports techniques. Department Budget vs. Actual Reports.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Financial Reporting Cash Flow Forecasting Budgeting 40

Jedox Finance

AUGUST 10, 2022

The balance sheet can enable an investor to measure an organization’s financial well-being by using it to derive a few key metrics: working capital, debt-equity ratio, and quick/acid-test ratio. With Excel-based forecasting and planning software , Jedox enables organizations to plan, measure, and report on cash flow effortlessly.

Forecasting 52

Forecasting Profit and Loss CFO Sales 52

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 Compliance General Ledger 98

E78 Partners

OCTOBER 30, 2024

To drive growth, improve profitability, and enhance decision-making, companies can leverage the power of refined operational disciplines – Forecasting, Planning, and Analytics (our take on FP&A). Creating a ‘Single Source of Truth’ for Financial and Operational Data Accurate and reliable financial information is essential.

Financial Planning and Analysis (FP&A) 59

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

Future CFO

SEPTEMBER 2, 2024

For example, AI automates risk management and cash forecasting processes using machine learning to generate more accurate and timely predictions,” he elaborates. Finance teams should establish a framework that incorporates regulatory requirements into their AI systems, utilising automated compliance checks and reporting tools.

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Compliance Leverage Forecasting Risk Management 116

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

Centage

JANUARY 4, 2024

Growing businesses face an increasing need for accurate financial forecasting and planning. In the pursuit of business growth, they must move beyond makeshift arrangements and adopt refined methodologies for their cash flow forecasts and projections. Market conditions evolve rapidly, which demands nimble financial reporting.

Cash Flow Forecasting 52

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

CFO Talks

OCTOBER 15, 2024

Financial Risk Forecasting Predictive models can analyse your company’s financial data—such as revenue patterns, cash flow, and expenses—to identify potential financial risks. Start by leveraging data from your accounting systems and working with your finance team to create simple forecasting models.

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Risk Management Compliance Forecasting Credit Risk 95

The Finance Weekly

OCTOBER 29, 2024

Financial models are essential for organizations, helping forecast financial performance using historical data and future projections. Financial modeling involves creating a mathematical representation of a company's financial situation, typically using tools like Excel.

Financial Modeling 52

Financial Modeling Mergers and Acquisitions (M&A) Budgeting Forecasting 52

CFO Plans

SEPTEMBER 24, 2024

Discover Scalable Accounting Solutions Small Business Financial Advisory Lays the Foundation When launching a startup, every financial decision counts. Small Business Financial Advisory services provide the foundational support needed to navigate initial financial hurdles.

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Startups Accounting CFO Tax Planning 52