Top Countries for Finance and Accounting Outsourcing: India vs. Philippines
Despite the remarkable benefits of finance and accounting outsourcing, your outsourcing country can improve or worsen your outsourcing experience. That’s because every country represents not just a set of people, but a way of life, getting work done, and potentially serving your clients. Let’s look at the reality of outsourcing your work to […]
How can CFOs prepare for resilience and agility in the uncertain times
We live in uncertain times. There is inflation, an economic crisis, a lack of jobs as well a lack of talent. CFOs shoulder the responsibility of keeping the financial situations stable for their organizations. These uncertain times can put their ability to drive and manage growth to test. Most firms are struggling. During these critical […]
How is technology ensures close collaboration between CFOs and CIOs
Some top leaders have often said, “If you want to go fast, go alone. If you want to go far, go together.” As a CFO or an accounting firm leader, this is a quote that might be extremely relatable to you. The responsibility of a CFO isn’t limited to taking care of the finances of […]
Finance Trends for CFOs to Amplify Growth in 2024
Marko Horvat, Vice President, of research in the Gartner Finance Practice said, “What we hear broadly from CFOs is that digital initiatives aren’t meeting their expectations. Unless CFOs reassess how they and their teams lead digital initiatives, those initiatives will continue to disappoint.” As we continue to make advancements in digitalization and artificial intelligence in […]
Evolution of Accounting in the Past Decades: Automation, Remote Work, and More
As they say, change is the only constant. In the field of accounting, this is especially true. Accounting, as a profession, is considered one of the most essential pillars of any business. While businesses change how they function, the tools they use, and the goals they look forward to, it becomes inevitable for accounting leaders […]
Accounting Talent Hiring Tips and Ideas for CFOs Aiming for the Best
Gartner surveyed 234 CFOs in July 2022, where the respondents said hiring and retaining staff was among the most difficult tasks. About 54% of the respondents ranked the “people” problem as number one. The fight to secure the most talented employees has been ongoing, especially in the post-pandemic global economy. We live in a world […]
Accounting Industry Trends to Follow in 2024
Accounting firms, in the US, are navigating through a series of challenges and trends in 2024, propelled by economic conditions, technological advancements, and changing market demands. For over half a decade, the world has witnessed enormous changes and the accounting field is no exception. The technology that is in use today or expected to be […]
Managing Accounting Hygiene for Your Accounting Firm: 5 Tips
While making a profit at a lesser expenditure lies at the core of a CFO’s responsibility, today surpasses the expected. In an accounting and financial setup, a CFO is held in the highest regard to ensure that there is a smooth operation of all business functions, employees are at peace and the forecasts made are […]
Accounting Outsourcing Guide for CFOs: Everything Covered
Finance and accounting have and will continue to remain one of the most critical operations for any business. In this niche field, so much has changed over the years – the introduction of technology and automation, the shift to remote work, more flexibility, and better growth opportunities. Outsourcing is one such aspect in the field […]
CFOs, Is Global Consolidation of Financial Statements a Challenge for You? Read this!
According to a recent survey by Blackline, although CFOs believe that it is essential to have the ability to access and analyze the firm’s data in real-time: – 37% of them admitted to not having complete trust in their data. – 50% of the senior accounting professionals mention that they do not completely trust the […]