BeyondSquare FinAlyzer - Your partner for Financial Consolidation, Close, Analytics & Reporting

                                                                                    Visit:  https://finalyzer.beyondsquare.com/ Excel is a fantastic tool for the finance professional. It allows for a reasonable amount of reporting, budgeting, analysis & forecasting. It is inexpensive, and is widely understood within the finance industry. This means that most employees are already trained and comfortable using it. These things make it a practical choice, at least until the business grows to a size where the problems of using excel start becoming evident. Financial consolidation can be complicated or simple, but for CFOs the overriding goal is always the same: faster and more efficient closes. Once you begin adding complexity to the business with operation...

A CFO is no longer just the person providing financial analysis and mitigating legal and financial risks. Today’s CFO is the CEO’s right hand executive and a strategic trusted advisor. The role of a successful CFO is to enable the CEOs, owners and management to fulfil their corporate vision as the company's finance function is a key factor for creating success. The primary objective of the CFO is to enable CEOs to deliver to their companies' continuous improved financial returns, increased cash flow, improved financial position and increased overall business value. A contemporary CFO must think differently and provide alternative perspectives. The CFO should be in tune with the culture of the organization and understand the importance of momentum for the organization to reach its full potential. Apart from regular finance related responsibilities, an entrepreneurial CFO focuses on: Ø    Catalyst to technology adoption -  The right financial processes, tool...

I am sure it is the aspiration of every CFO to simply wear a pair of magical glasses that immediately gives them a bird’s eye view of the financial health of their company. The needs of each business are different, and it indeed will be a tall order to build the perfect pair of magical glasses.   However, it is also not so difficult to abstract the problem and arrive at a reasonably common set of indicators that CFOs need to track irrespective of their business. The process of mining the information and deriving meaningful intelligence from it should not in itself become nightmarish. Similarly, it should be relatively easy to choose the mode of delivering that information – be it a dashboard or a distributable MIS report. With a pair of these magical glasses, strategic decision making process can be easily accelerated. Here is my wish-list for my pair of magical glasses: ·          The ability to compare information across various dim...

In today’s business context, life of a CFO is that of the radar as well as the captain of a moving ship. Today’s CFO is expected to contribute well beyond the traditional role of cost management and operational controls. The CFO needs to play a delicate balancing act across multiple dimensions, some of which include: Impact of globalization: having an effective finance function that can account for the increasing complexities of running a global business Regulatory adherence: Global regulatory requirements are constantly changing and continually increasing, and CFOs have a personal stake in regulatory adherence Risk management: the nature of risks that an organization faces keep changing Reporting requirements: managing the ever broadening and often burdensome reporting requirements The CFO needs to do all this, while also keeping a keen eye on rigorous ongoing cost management and operational efficiencies to fuel profitability and strategic reinvestment. All this under...