Community banks and credit unions have a unique opportunity to support small and medium-sized businesses (SMBs) as they face the challenges of digital transformation and cash flow management in an uncertain business environment. With a $150 billion opportunity, these financial institutions can help SMBs survive and succeed. Doug Brown, Chief Product Officer for Digital Banking at NCR Voyix, highlighted the critical role community banks played during the pandemic, through Paycheck Protection Program (PPP) loans. “They’ve shown they can help businesses navigate tough times,” Brown told Karen Webster. “As we face potential economic downturns, SMBs need trusted partners like community banks.” …
Author: Your TechCFO
Are you looking to improve your business’s financial planning? Do you want to make better decisions about your company’s future? If so, you’re in the right place! In this blog post, we’ll talk about financial forecasting tools and software that can help you do just that. What is Financial Forecasting? Before we dive into the tools, let’s quickly explain what financial forecasting is. It’s like looking into a crystal ball for your business’s money. You use information from the past and present to guess what might happen in the future. This helps you make smart choices about spending, saving, and…
Eli Lilly and Company has announced the appointment of Lucas Montarce as its new Executive Vice President and Chief Financial Officer (CFO), effective immediately. Montarce will also join Lilly’s Executive Committee. Montarce’s Journey at Lilly Montarce’s journey with Lilly began in 2001 when he took on various finance leadership roles. His impressive career includes serving as Group Vice President, Corporate Controller, and CFO of Lilly Research Laboratories; Vice President, Finance, and CFO of Lilly International; and Global CFO of Elanco Health. Most recently, he was the President and General Manager for the Spain, Portugal, and Greece hub. Leadership and Vision …
Hey there! Today, we’re going to talk about something really important for businesses: financial forecasting. Don’t worry if that sounds complicated – we’ll break it down so it’s super easy to understand! What is Financial Forecasting? Imagine you’re planning a big lemonade stand. Before you start, you’d probably try to guess how many cups you might sell and how much money you could make. That’s kind of like financial forecasting, but for bigger businesses! Financial forecasting is when a company tries to predict how much money it will make and spend in the future. It’s like having a crystal ball…
Think about trying to guess what will happen tomorrow using only old tools. That’s what traditional financial forecasting can feel like. These older methods were useful in the past, but today’s world moves so quickly that they often fall short. Whether it’s problems with data, sudden changes in the economy, or just not having the right resources, forecasting can be really tough. In this blog, we’ll look at the main challenges of traditional financial forecasting. We’ll talk about things like data problems, unpredictable markets, and the lack of proper tools. By understanding these challenges, you’ll see why it might be…
Mars, the global petcare leader, has announced Gabriel Millan as its new Chief Financial Officer (CFO) for the $30 billion Petcare business. Millan is set to start in December 2024, marking a significant leadership change at Mars Petcare. He will join the Mars Petcare Leadership Team and the Global Finance Leadership Team, reporting directly to Loïc Moutault, President of Mars Petcare. A Veteran in Finance Gabriel Millan brings over 25 years of extensive experience in corporate finance, strategy, mergers and acquisitions, and IT. His impressive career includes senior roles at Fortune 500 and FTSE 100 companies. Most recently, he served…
Paystand, the California-based FinTech company, has officially extended its zero-fee B2B payments service to Canada, offering Canadian businesses a cost-effective alternative to traditional payment methods. In a statement released, Paystand confirmed that its platform will now be available to Canadian businesses, marking a significant expansion of its footprint in North America. While limited services were introduced in Canada in 2018, this launch enables to utilization of Paystand’s Zero-Fee B2B Payment Network. Why Canadian CFOs Are Switching to Paystand The expansion comes at a time when Canadian businesses are actively seeking more secure and efficient payment solutions. According to Paystand cash-based…
Financial forecasting has evolved into a vital process for organizations, enabling them to predict future financial conditions and make informed decisions. As we look toward the future, the importance of accuracy, agility, and informed decision-making in financial forecasting cannot be overstated. This guide delves into the latest trends, techniques, and tools that are shaping the future of financial forecasting, offering insights into how businesses can stay ahead in an increasingly complex financial landscape. The Evolution of Financial Forecasting Financial forecasting has traditionally involved a mix of historical data analysis, expert judgment, and statistical methods to predict future financial performance. However,…
Talent management is all about making sure that a company has the best people in the right positions to help the business grow. As the world of work continues to evolve, so does the way companies manage their talent. In this blog, we’ll explore what talent management is, why it’s important, and the key trends shaping its future. We’ll also look at how businesses can build a high-performing workforce by focusing on key areas like employee engagement, performance management, succession planning, employee development, and retention. What is Talent Management? Talent management is a process that companies use to attract, develop,…
StackAdapt, a leading multi-channel advertising platform, has appointed Cassandra Hudson as its new Chief Financial Officer (CFO). With an extensive background in scaling high-growth technology companies, Hudson is set to spearhead StackAdapt’s strategic financial initiatives as it navigates expanding markets. New Leadership to Drive Market Expansion Hudson brings a wealth of experience from her previous role as CFO of EngageSmart, where she successfully led finance teams through rapid growth and boosted profitability. Hudson’s career also includes her time as Vice President of Finance and Chief Accounting Officer at Carbonite, where she played a crucial role in making the company public.…