Accounting Blog for Business

Outsourcing is a big step especially for companies who have never experienced this business model. For those who have made the leap to avail outsourced CFO support solutions, the next logical step is to find the right outsourcing partner.

Technology is transforming the finance and accounting (F&A) industry, and with it, the responsibilities and roles of a chief financial officer (CFO). CFOs have now become diverse leaders in their own respect while maintaining their traditional roles in F&A. CFOs are now expected to:

The General Data Protection Regulation (GDPR) of the European Union has set the newest standard in data management and privacy rights not just in Europe, but everywhere else in the world. Companies have now made their moves to comply with the EU’s directive and avoid the hefty fines. As the buzz with the GDPR dies down, it is important to think of the next steps that finance professionals and their teams should take as authorities continue to enhance financial services cyber security measures.

The European Union’s General Data Protection Regulation (GDPR) has been all over the news these past few weeks. A number of companies have updated their privacy policy and terms of use to comply with eh ground-breaking EU directive. You also have noticed the number of notifications sent in your email inbox regarding these changes.

The Chief Financial Officer (CFO) is, without a doubt, one of the busiest executives in any organisation. CFOs traditionally lead the finance and accounting (F&A) department of the organisation. The CFO is also responsible for informing the rest of the leadership, especially the CEO, on the financial well-being of the organisation.

Innovation in accounting firms has been the subject of much interest in the past few years. With the advent of technologies such as big data and machine learning, innovation in accounting and finance followed suit, with firms developing infrastructures to adopt new technologies. For instance, some banks and accounting firms have been preparing for and implementing robotic process automation.