Category

Virtual CFO
Accounting Automation
Businesses have always used machines to make their work easy. Though the use of automated machines initially began with manufacturing activities, their use in accounting has been booming. Automation enables companies to process a large volume of data and reduce manual processing at cheaper costs. Automated accounting is beneficial to the firm in the following...
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Financial controller Vs CFO
The terms financial controller or CFO, though used interchangeably, have some differences. This is especially true for small companies who are low on budget to hire a financial controller and a CFO. There are many factors that have to be considered while deciding who the business needs; A Controller? A CFO? Or both? Who is...
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Compliance
Compliance is the buzzword in every business nowadays. The role of the compliance officer thus becomes an integral part of the business framework. As per a report published in the daily ‘The Hindu’, Meta and WhatsApp were scouting for a Compliance Officer or nodal contact in India. The curiosity in knowing more about the role...
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VCFO
The popularity of virtual CFOs has been on an uphill trend for quite some time. The digital transformation, which got sped up by the onset of the pandemic, has played an undeniable role in this wide acceptance. Over the years, the role of CFO has undergone a positive transition. Besides the traditional responsibilities related to...
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Voice Technology in Financial Industry
Artificial intelligence and voice assistants are being used by people in their everyday lives. It’s very easy to use a voice assistant and get a good deal of information from a wide range of topics. Voice technology assistants like Alexa, Google Assistant, and Siri are providing data within seconds of asking a question. Using it...
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Enterprise risk management
Risk is the uncertainty of an event happening in the future. This uncertainty deviates an organization from achieving desired outcomes and hence it has to be managed. Enterprise Risk Management (ERM) involves various strategies that identify potential business risks and analyze them to provide appropriate responses to mitigate and minimize any losses that would have...
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Virtual CFO services have taken up the business scene by storm. There is a growing realization among start-ups or small businesses about the advantages or benefits of hiring a virtual CFO. Having said this, it is also a fact that vCFO services are not the go-to solution for all businesses. The million-dollar question we ponder...
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accounting software
C-suite executives (CEO, CFO, COO) have a quintessential part in the success of any business. These three roles have to work in tandem for the achievement of the business goals. The role of a chief financial officer or CFO, in simple terms, is to manage the lifeblood of any business- the finance department. The major...
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CFO tools
Every morning a CFO is greeted with numerous reports the moment he checks his email and till he reaches his desk he has already planned his meetings and the decisions he would take along the day. Such is the evolution of the business environment which is dynamic and rapidly changing, with every change the CFO...
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sme
CFO vs VCFO: A Chief Financial Officer (CFO) as the name suggests plays a very significant role in managing the firm’s income and expenses, he is responsible for making various decisions related to investments, financial planning, tracking cash flows, taxes, etc. Thus, a CFO’s role is very significant in an organization and he is one...
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