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Board Report Best Practices

Jet Global

While reports are important, many board members aren’t taking the contents of board reports to mind. Having easy-to-read and straightforward board reports is something many companies can work on to forward their vision. How can you help your company get ahead with comprehensive board reporting that hits home?

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Global Finance Teams Falling Behind in Digital Transformation, According to Report from insightsoftware and Hanover Research

Jet Global

July 21, 2022 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today launched its annual Finance Team Trends Report. With 63 percent of finance teams now reporting a “high level” of digitization, they have become significantly more efficient in their day-to-day tasks.

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SOX Compliance Guide

Jet Global

With multitudes of regulations surrounding everything from reporting to data security, organizations can quickly become overwhelmed. The Sarbanes-Oxley Act of 2002 imposes an annual SOX compliance requirement on publicly traded companies operating in the United States. These committees oversee financial reporting and audit processes.

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Agility for Strategic Decision-Making: A Finance Team Imperative

Jet Global

Tangibly, this means more planning, more accurate and deeper forecasting, and more strategic decision-making based on real-time reporting. Respondents also reported that their processes are significantly more efficient in 2022 than they were in 2021. Financial reporting (89 percent). Operational reporting (84 percent).

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Top 5 Trends Impacting Finance Teams in 2024

Jet Global

Top reasons to leverage generative AI for finance are: Accounting support Detection of anomalies Financial analysis Finance teams eager to embrace AI’s transformative power should invest in automated financial reporting software as a launchpad. Environmental ranges from green energy initiatives to reducing carbon emissions.

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2023’s Top Trends for Finance Teams in Europe, the Middle East, and Africa

Jet Global

The top responsibilities for finance teams throughout EMEA are: 65% Financial Planning and Analysis 54% Budget and Forecasting 48% Financial Modeling 48% Tax Management Nearly three-quarters (69%) of this year’s EMEA-based survey respondents feel pressure from inflation, economic disruption, and recession.

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What is Account Reconciliation?

Jet Global

With the rise of financial reporting software , many finance professionals rely on automated reconciliation for this vital process. Have confidence that your reconciliation reports are always ready for CPA or auditor review. If an accountant learns financial reconciliation at all, it’s typically through on-the-job experience.