July, 2022

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What Is the Role of ERP Modules in Finance?

Navigator SAP

The finance module is often the first to be activated when a company deploys an enterprise resource planning (ERP) tool. This makes it the most important module of an ERP solution.

Finance 130
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Cloud computing adds value well beyond agility, efficiency: Deloitte

CFO Dive

Companies excelling in the use of cloud computing work with three or four cloud providers rather than only one or two and do not spend much more on cloud platforms and services than their rivals, Deloitte found in a survey.

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Bobby Bonilla Day

Corporate Finance

Every July 1st is Bobby Bonilla Day! You may not be aware that the now retired slugger signed a contract with the New York Mets in 2000 that deferred his $5.9 million salary in exchange for about $1.2 million per year from 2011 through 2035 on July 1st. And while this is a great payday, Bobby Bo recently announced that he was auctioning off his copy of the famous contract.

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To NPV or Not to NPV: That Is the Question

Fpanda Club

Warren Buffett once suggested that the concepts of time value of money and discounted cash flow (DCF) model were introduced more than 2500 years ago. In about 600 B.C. oracle Aesop formulated his investment insight "a bird in the hand is worth two in the bush" and since that time the model for calculating the value of an asset as the present value of the cash generated by this asset throughout its life has remained unchanged.

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Your Guide to Creating a Travel Policy

Navigating travel expenses can be challenging, but our workbook offers a clear path forward. Learn to craft a travel policy that fits your budget and makes travel management simple. This self-guided workbook offers: Practical advice on choosing airlines, setting booking time frames, and managing travel costs effectively. Insights into selecting the right class of service for each employee, ensuring everyone travels comfortably and within policy.

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Book Review: Convertible Securities

CFA Institute

Tracy V. Maitland, F. Barry Nelson, CFA, and Daniel G. Partlow's book "presents quantitatively sophisticated valuation methods and trading strategies, invoking terms of art that will be new even to many seasoned practitioners.".

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What is the Difference Between On-premise and Cloud

Navigator SAP

As more and more businesses follow through on digital transformation projects, they are rethinking their attitudes toward their own IT departments and contemplating what business functions can be hosted in cloud environments. One of those areas being considered for the cloud is enterprise resource planning software (ERP), for example. SAP’s Business One and Business ByDesign are two of the most popular ERP software packages for small-to-medium businesses, allowing users to manage key business fu

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C-suite savvy key to digital transformation success, McKinsey says

CFO Dive

Many top executives are underwhelmed by the pay-off from spending on digital transformation, including after building new digital businesses within their companies.

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Zomerende Lab Rats: lectuurtips door Joeri Vananroye

Corporate Finance Lab

‘Martorelli was een filoloog die volhield dat zijn leerstoel Griekse letterkunde aan de Universiteit van Napels werd gesticht door Homeros zelf. We hebben allemaal zo’n collega.’ Geïnspireerd door onze zomergasten beantwoorden ook ‘lab rats’ de vragen: (1) Welke boeken hebben u als jurist het meest gevormd ? en (2) Welke boeken neemt u straks mee op vakantie of beveelt u aan?

Economics 113
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The Role of Top-Down vs. Bottom-Up Business Budgeting in Modern FP&A

Centage

Business budgeting is a crucial factor with the ability to impact a business’ long-term success or failure. Along with providing important information regarding day-to-day operations, an accurate budget better enables companies to predict revenue, trim costs, and make decisions regarding expenditures and opportunities. Although there are multiple ways to craft a business budget, most companies use one of the following methods: a top-down budget or a bottom-up budget.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Equity Risk Premium Forum: Term Structure, Mean Reversion, and CAPE Reconsidered

CFA Institute

Does the equity risk premium (ERP) vary depending on the term structure? Does reversion to the mean dictate that it will decrease the longer the time horizon?

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Asked And Answered – Restaurant Chain Accounting Challenges

https://trustedcfosolutions.com/feed/

Restaurants have had to adapt to wildly different business situations during the past several years. Think about the rise in curbside pickups and contactless delivery. These kinds of adaptations are also forcing new ways to pay and new systems that require integration into the restaurants existing accounting solutions. The basic accounting challenges restaurants face are daunting in addition to the day-to-day management. .

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The Advantages of a Multichannel Distribution System

Navigator SAP

The big lesson from COVID-19 for business arguably is the importance of digital channels and diverse revenue sources. Thanks to lockdown measures and social distancing, businesses that lacked these two key components found it tough sledding. A multichannel distribution model is essential for success and future growth in the post-COVID business world.

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Most accountants suffer burnout: study

CFO Dive

A high level of chronic stress increases the rate of accounting error, prompting many companies to reopen their books after closing to fix mistakes.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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UK company insolvencies rise 70% in past year

Accountancy Today

UK company insolvencies have jumped 70%, from 11,261 to 19,191 in the last year according to Mazars, the international audit, tax and advisory firm. Mazars said the figures come in the face of the highest interest rates in 13 years which have made businesses’ debts more expensive to service and has led to an even greater number of indebted businesses falling into insolvency.

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What supply chain leaders must learn from the baby formula shortage

Anaplan

Supply chain leaders must learn from the baby formula shortage A chaotic 2020, packed with unprecedented disruptions, dramatic climate events, and the first major global healthcare crisis in a century, rocked supply chains everywhere. Consumer awareness of the supply chain and how it impacts our communities and daily lives erupted virtually overnight.

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Is Your Nonprofit Ready for Recession?

The Charity CFO

A lot of nonprofit leaders are asking us about how to prepare their organizations for the possibility of a recession. So I decided to change up the format of my A Modern Nonprofit Podcast this week to talk directly to you about the steps you can take to prepare your organization for a potential recession: Click here to listen to the podcast on Apple Podcasts or Spotify. 6 Steps to Recession-Proof Your Nonprofit. 1.

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Say Good-Bye To QuickBooks With Sage Intacct

https://trustedcfosolutions.com/feed/

QuickBooks is recognized for being a great basic accounting tool, and it is used by a lot of small businesses because it is user-friendly and affordable. Still, it is not an accounting solution that can handle business processes apart from financials. It is not a full enterprise resource planning solution. If you struggle to run your business using just QuickBooks and an ERP suite, then it’s time to move on up to Sage Intacct so your business can get real-time insights across multiple enti

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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ByDesign vs. NetSuite: What's the Best ERP for SMEs?

Navigator SAP

Choosing an enterprise resource planning (ERP) software solution is a big decision. Your ERP software is meant to be a cornerstone tool that helps you with all areas of your business. It needs to be flexible enough to suit your specific and unique needs. Two of the current industry leaders in ERP software are SAP Business ByDesign and Oracle NetSuite.

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Crypto ‘citizen’s arrests’ may continue until Congress wrangles ‘Wild West’

CFO Dive

The SEC, DOJ and Treasury are all patrolling the digital asset space. The CFTC is calling for unity. And lawmakers’ vision for a cohesive strategy just took a summer vacation.

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Arrivederci

The Reformed Broker

It’s been an honor and a pleasure writing, recording and filming for you guys all year. 2022 has been incredibly challenging as an investor, a financial advisor, an investment advisory CEO and a professional market commentator. Tough all around. Like everyone else, I’ve gotten some stuff right and some stuff wrong this year. Based on this week’s reaction to large cap technology company earnings and the F.

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Zomergasten in het Lab: lectuurtips door Jeroen Delvoie

Corporate Finance Lab

‘[T]heologie in de plaats van seks en geweld. Zware kost’ Ter inspiratie voor onze zomerlectuur vroeg Corporate Finance Lab enkele BJ’s (bekende juristen) en vrienden van het Lab: (1) Welke boeken hebben u als jurist het meest gevormd ? en (2) Welke boeken neemt u straks mee op vakantie of beveelt u aan? Vandaag: Jeroen Delvoie, professor vennootschapsrecht aan de VUB en advocaat.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Book Review: Your Essential Guide to Sustainable Investing

CFA Institute

Larry Swedroe and Samuel Adams's book is a good starting point for those seeking to understand the history and current practices of sustainable investing.

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5 Signs And Symptoms You’ve Outgrown QuickBooks

https://trustedcfosolutions.com/feed/

QuickBooks is the preferred accounting solution for over five million users. It’s the industry standard for start-up businesses looking for a user-friendly, low-cost accounting solution. QuickBooks was likely your first purchase when you started your business, and you may still be using it. Many businesses are quick to learn that as your company grows and you develop more demanding and varied business requirements like multi-currency and multiple entity businesses, QuickBooks is limited and no l

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SAP Business One: On-premise vs. Cloud

Navigator SAP

SAP Business One is one of the premier enterprise resource planning (ERP) software solutions for small-to-medium-sized businesses. Created by SAP, the world’s largest maker of ERP software, it integrates and automates every aspect of your business—financial and accounting, operations, human resources, customer service, and more. The level of insight Business One gives your business makes this an investment well worth the price.

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The ABCs and IRCs of cannabis accounting

CFO Dive

From cash control issues to inadequate reporting and point of sale (POS) software, accounting for cannabis dispensaries is no easy feat and the wrong move can land a company in serious legal trouble.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.