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Recent polling of nearly 20,000 American adults by NBC News indicates Gen Zers are more likely than older adults to feel their finances improved from a year ago.
9 min read November 6th, 2024 Looking at nonprofit financial management from a for-profit perspective makes the unique needs of a nonprofit's back office seem exceedingly complex. Key Takeaways Why Fund Accounting Is Crucial for Nonprofit Organizations: In nonprofit organizations, the goal and rules of accounting differ from the for-profit world.
OneStream announced on May 13 the release of four new SensibleAI solutions, which are embedded throughout the enterprise finance management platform across planning and forecasting, close and consolidations, and reporting and analytics processes.
As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and show generosity to loved ones is by giving cash gifts before December 31.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Discover a clear, tactical approach to strengthen your finance infrastructure so you can tighten controls, streamline execution, and defend against the threats hiding in plain sight. The challenge isn’t just going remote.
Withum is proud to share that Lilit Nersisyan , CPA, has been recognized by LA Times B2B Publishing as a Banking & Finance Industry 2025 Visionary. The post Lilit Nersisyan Named Banking and Finance Visionary by LA Times appeared first on Withum. Lilit is active in her local community and volunteers at a variety of events.
Role of Blockchain in Finance Blockchain enhances the speed and security of financial transactions. Decentralized finance, also known as DeFi, is built from blockchain and allows businesses to interact with companies and people to interact with people using financial services and platforms to lend, borrow, and trade without the help of banks.
The post Protect Your Startup’s Finances: 12 Proactive Risk Management Tips appeared first on Burkland. Mitigate financial risks at your startup and help ensure a smooth path towards sustainable growth and long-term success with these tips.
Why accurate, connected financial data drives business success The growing importance of data confidence in finance Accurate, real-time financial data has become essential to making sound decisions and driving strategic growth in the economic landscape of 2024. Whats more, they can also result in reputational damage.
What’s holding finance teams back isn’t just process inefficiency. In an era of disruption, finance leaders can no longer afford to operate on autopilot and the most resilient teams aren’t just efficient—they’re connected, talent driven, and culture-focused. Register now and build the kind of finance team the future demands.
According to a new report from top six accounting firm BDO USA, company finance leaders are expecting technology like artificial intelligence to be used by their external auditors now to enhance their audit engagement and consider it the second-most important factor when choosing an audit firm. Graph courtesy of BDO USA.
As the festive season approaches and businesses wrap up another financial year, the gift of insight is top of the wish list for UK finance leaders. However, new research from award-winning cloud accounting software provider, iplicit, reveals that finance teams may need more than the Christmas spirit to tackle the top challenges of 2025.
Withum is proud to share that NJBIZ has recognized Pat Walsh , Managing Partner and CEO, and Jim Bourke , Partner and Managing Director of Advisory Services , as part of its 2025 Leaders in Finance honorees list. The 2025 Leaders in Finance will be celebrated on April 29, 2025, and are featured on the NJBIZ website.
However, for finance leaders, this shift presents a challenge: how to manage unpredictable cloud costs while ensuring financial discipline and strategic investment. It brings together finance, IT, and business teams to align financial accountability with operational efficiency. Without visibility, costs can quickly become unmanageable.
In finance, where precision and process rule, navigating change can feel especially disruptive. But with the right approach, finance teams can evolve faster with more confidence. Join Executive Coach and Transformation & Change Expert Kim Beynon for a powerful reframe on how to lead finance teams through disruption.
To ensure this protection, its crucial to: Adequately finance the corporation, Maintain the corporation as a separate entity, and Follow state-required formalities (for example, by filing articles of incorporation, adopting bylaws, electing a board of directors and holding organizational meetings).
FP&A software helps finance teams reduce manual errors, save time, and focus more on strategic analysis rather than just data gathering. Real-time data integration helps finance teams access more accurate financial data, allowing for faster responses to changing business conditions and improved decision-making.
For finance teams, the chancellors spring statement didnt reveal much we werent already anticipating. What this landscape can expose is how equipped or not finance functions are to deal with this turbulence. The role of the CFO has evolved to contribute to operations across the business, not solely in the finance function.
Managing business finances can be overwhelming for many entrepreneurs and small to medium-sized business owners. In this blog, well explore why outsourcing is the key to better business finances, highlighting the advantages it offers, and how it can drive long-term growth and stability for your business.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. How can finance leaders overcome these challenges and start leveraging AI effectively?
Switching finance software is a complex, time-consuming process. To understand whats really driving finance leaders to make a move – and whats holding them back – we surveyed 125 CFOs and senior finance professionals across the UK and Ireland. This isnt just a rare issue; its widespread. The main reason?
Modernising finance isnt just a matter of convenience, its a lifeline for ensuring organisations continue to serve their communities and audiences for generations to come. Tasks such as matching invoices with purchase orders, or manually entering data often leaves finance teams bogged down in slow, error-prone practices.
Of the more than 1,600 professionals who participated in the 2024 EY Tax and Finance Operations Survey, 87% say they believe integrating GenAI will drive increased efficiency and effectiveness within the tax function, up significantly from 15% in 2023.
Modern solutions are designed to help finance teams address the challenges of scale and complexity by streamlining financial workflows, minimizing risks, and providing timely, reliable insights. Here are five trends we see specifically impacting tools and capabilities to create barriers for finance teams.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Key Takeaways: Data Storytelling for Finance 📢 Transforming complex financial reports into clear, actionable insights. Compliance and Risk Considerations ✅ Navigating data-driven finance while staying audit-ready.
By Mike Varney, Vice President, Finance and Operations at Extend. I have seen a significant number of effective accountants strive to maneuver into roles in corporate finance or FP&A departments. Prior to Extend, Mike held various finance and accounting roles at IAS, BSE Global, MLB Advanced Media, and Deloitte.
The nuts and bolts Unless your company is exempt from 163(j), your maximum business interest deduction for the tax year equals the sum of: 30% of your companys adjusted taxable income (ATI), Your companys business interest income, if any, and Your companys floor plan financing interest, if any.
Theyre driving business strategy, innovation, and growth, and are at the forefront of the tech-revolution for finance. And, finance teams need to align to a more strategic vision to create value beyond the balance sheet. In fact, accounting and finance is predicted to be one of the top areas impacted by AI in 2025.
If you’re planning a career in the world of accounting or finance, two distinctions have the branding impact and bench strength you need. Passing these exams requires competency across a wide range of critical accounting and finance subjects, which means you have a lot of talent on your professional bench to put in the game as needed.
In a volatile economy, CFOs and finance leaders need to do a magic trick. On the one hand, you must pull out every cost-saving trick you can to run the organization efficiently. On the other hand, you need to find ways to motivate and engage your teams so that morale doesn’t take a hit.
Research for the 2025 Salary Guide From Robert Half found that 85% of finance and accounting managers in the U.S. The Option to Work Flexibly Flexible work arrangements have become a top priority for job seekers in many professions, including finance and accounting. Saah earned a finance degree from Virginia Tech.
Workday's new Illuminate Agents are designed to help businesses speed up the hiring processes, improve frontline worker experiences, streamline complex financial processes, and enable their employees to find information quickly and easily.
Budget season is in full swing, and this can be the most significant – and resource-intensive – period in the year for finance leaders and their teams. Finance teams will need to determine which economic scenarios they projected have been realized and are still relevant for this upcoming budget cycle. By Alessio Lolli.
Lili , a financial platform designed for small business owners, today announced that it is launching Lili Connect,an embedded finance integration that streamlines small business banking, accounting, and tax processes, allowing partners to offer Lili’s comprehensive financial management tools directly through their platform.
What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. Through stories, strategies, and hard-earned lessons, you’ll uncover the mindset shifts and behaviors that distinguish trusted finance leaders.
The public deserves to know its tax dollars are being spent as intended — and that requires strong government finance teams and experienced auditors.” “But accountants who do government work face unique challenges that require more specialized solutions.
F&A has evolved from a number-crunching function to a strategic and consultative one, safeguarding assets, streamlining operations and influencing future growth.
Conventional wisdom holds that the person leading a business's finance function is highly quantitative by nature. By and large, this is true. But after working with hundreds of venture-backed startups Read More. The post Soft Skills: The Key to Making Good CFOs Great CFOs appeared first on Burkland.
Among other trends in tax, accounting and finance: About half of finance and accounting managers say hiring quickly enough to land top talent is one of their top recruiting challenges. These figures obviously vary by region of the country, particular expertise and, especially now, the competition of multiple jobs for one candidate.
Drawing from years of experience across industries ranging from healthcare to media and financial services, our esteemed speaker will walk you through proven methods that finance professionals can adopt to build resilience in cash flow management.
CFOs need to reinvent their persona to address myriad new challenges faced by finance professionals, including tariffs, lost funding, and industry regulations.
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Melancon Professional Accounting Research Fellowship to support the next generation of accounting and finance professionals with the skills, knowledge and training to advance the accounting and finance profession. The AICPA Foundation has launched the Barry C.
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With the rise of fractional finance roles, many CFOs, FP&A professionals, controllers, and accountants are stepping into independent consulting. The expansion of fractional services presents new opportunities for finance professionals, but many face challenges in navigating this transition, finding it daunting.
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