Faster financial reporting means executives have more immediate insight into their business, allowing them to act quicker. Unfortunately for many businesses, an understaffed or overburdened accounting team means the month-end close can drag on for days or weeks. Here are four effective strategies that will help you save time on month-end activities.
This series covers the 8 key themes at the 4th annual Finance Innovation and Excellence Summit (FInEx Summit). The Summit tackled eight of today’s most pressing challenges facing Chief Financial Officers and other accounting, finance and treasury leaders. The expert speakers on each panel are global leaders in their field who deliver great messages tailored to the worldwide CFO community. Part I covers The CFO in Crisis and Digitization, Automation and AI
In the post pandemic business landscape, the need to increase efficiency and decrease the cost of day-to-day operations have emerged as a top priority for corporate leaders around the world. Finance and accounting are no exception. CFOs and CAOs from organizations large and small are undertaking transformation initiatives and challenging their team to become faster, leaner and more scalable in the back office. Particularly when it comes to routine and recurring activities such as the month-end close, the demand is at an all-time high.
Finance departments have numerous workflows and processes. Each of these involves people, systems, and data. Finance process automation helps coordinate all the moving parts, improving efficiency.
In today’s fast-paced business landscape, the role of the Chief Financial Officer (CFO) has evolved beyond traditional financial management. CFOs are now strategic partners, driving growth and innovation within their organizations. And at the heart of their success lies powerful toolkits—the CFO tech stack.
