Many financial teams spend countless hours getting the past right, when they could make a much more significant contribution getting the future right.
Timely financial statements are the key to creating powerful forecasting tools that build a transparent map for the future. On the other hand, laggard financial statements cloud the future and deny us a clear map to get there.
In today’s AI (Artificial Intelligence) landscape, IT, data, finance and business leaders rely on data more than ever to make strategic decisions and drive business performance. While deriving insights from LLM (Large Language Model) based tools like ChatGPT (by OpenAI), Gemini (by Google), and Copilot (by GitHub) have become much easier, effective communication of the insights derived to propel action remains a challenge for most leaders. Communicating insights goes beyond simply presenting data or KPIs or insights. It encompasses collecting the right data, selecting appropriate models, deriving insights, targeted messaging, creating trust and cultural awareness, engaging with the right stakeholders, creating impactful visuals, and more. The process of deriving and communicating insights in today’s AI centric world is as shown below.
The rapid advancement of digital technologies is reshaping the business landscape and redefining the roles of corporate leaders. Among those most profoundly affected is the Chief Financial Officer (CFO). No longer merely a financial steward, the modern CFO is increasingly called upon to be a strategic partner, a digital champion, and a catalyst for organizational transformation.
The debate over whether employees should return to a central office or continue working from home (WFH) is arguably one of the biggest workplace conversations today. Organizations worldwide navigated a massive transition to remote work due to the COVID-19 pandemic, and many found that certain tasks could be done effectively, if not more so, from home. Yet, as time has passed, questions regarding the best long-term strategy have surfaced.
Welcome to another insightful and engaging episode of CFO Talk, hosted by Steve Rosvold. In this episode, we dive deep into the labyrinth of cross-border accounting with none other than Katrina Nacci, an expert in cross boarder accounting conversions. If you think understanding GAAP is a dry topic, think again! Katrina, with her encyclopedic knowledge and practical insights, makes navigating these accounting principles as exciting as a treasure hunt—minus the pirates but with plenty of buried treasure!
