In today’s hyper-connected world, all organisations have become vulnerable to cybercrimes, data breaches, and other issues related to information security management. Experiencing cyber-attacks is not a matter of if but when. For this reason, maintaining the security of accounting data among firms in the past decade has become one of their most pressing concerns.

The average day of a CFO is riddled with issues and complications, what with their ever-changing roles due to higher client expectations. The traditional CFO role in financial management has evolved into one with comprehensive strategic planning. Living up to client expectations with the proliferation of technology has become an arduous task.

In the past, the role of chief financial officers (CFOs) in a company had been limited to traditional financial management. Focusing on accounting and treasury operations, CFOs were expected to analyse trends and find ways to increase cash flow and reduce costs.

What’s in a good payroll system? While there are certainly a lot of requirements that a good payroll software should fulfill, these three are considered as the most important:

From predictive analytics to cloud software, technological innovations have paved the way for the digital transformation of businesses. This necessitated chief financial officers (CFOs) to reimagine the role of finance in the business. More than just their traditional roles, CFOs are expected to be more innovative and digitally engaged to drive profitability and add value to the business.

  When you have made the decision to venture into outsourced accountancy, there are a few things to consider to ensure that the outsourcing company is a great fit for your firm. We have listed down a few tips for you to remember when outsourcing your bookkeeping: