Sat.Jul 10, 2021 - Fri.Jul 16, 2021

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WHITE PAPER - Enterprise Payment Optimization

Simply Treasury

Download the White Paper here

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Discover how to drive cost, time, and efficiency gains with the power of PlanIQ

Anaplan

This is the final blog in our three-part series that explores how intelligent forecasting tools can optimize business outcomes.?Our first blog shared the important role of artificial intelligence (AI), and machine learning (ML) in intelligent forecasting and the challenges that business leaders face around adoption. The second installment detailed the aspects of intelligent planning that […].

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Trending Sources

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Failed payments cost global economy US$118.5B in 2020

Future CFO

The cost of failed payments is estimated to have cost the global economy US$118.5 billion in fees, labor and lost business in 2020, said Accuity recently when releasing results of a survey. A failed payment is a payment rejected by a beneficiary bank or an intermediary bank in the payment flow, said the firm, adding that payments can fail for several reasons including inaccurate or incomplete information, data entry issues due to human error or poor reference data and validation tools.

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Being Planful: Helpful FP&A Resources

Planful

Looking forward has become the trend as CFOs start to solidify office reopening plans and focus more on non-pandemic concerns. Issues like data quality, getting better aligned with Sales, and surprisingly, climate change are taking up more FP&A bandwidth, which underscores the need for Finance to have a deeper understanding of more areas of the […].

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Live Demo: How to Achieve Reconciliation Zen

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

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Don’t Call it Your Dream, Call it Your Plan

The CFO Centre

Life through a lens One of the toughest challenges for owners of SMEs is to be able to stand back, to look at their business through a wide-angle lens and identify what it is they really have. Because quite often, the day-to-day distractions and diversions that inevitably surround the running of a successful business – […]. The post Don’t Call it Your Dream, Call it Your Plan appeared first on CFO Center USA.

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6 things AR automation can do (that your ERP system cant)

Future CFO

The AR modules offered by ERP systems are good for many things. But it is what they cannot do that often makes the difference between a top-performing AR department and one that’s just skating by. This Esker ebook explores how AR automation can make your processes run more efficiently that translate into strategic business benefits like: New opportunities due to an improved customer experience.

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The Best Time to Make a Profit is ALWAYS

Michigan CFO

It should be a fairly straight-forward answer, right? But if you’re Uber, the answer is seemingly “someday… hopefully”. Uber lost $2.8 Billion in 2016. $2.8 BILLION. And in Q1 of 2017, investors were pleased the company reduced its quarterly loss to $708M from the Q4 2016 loss of $991M. From CNNtech: “To many readers, the loss is nothing short of staggering.

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Resilience in People Operations: 5 Ways to Extinguish Today’s Fires for Tomorrow’s Success

Planful

A few months ago, I was a guest on the RecruitingLive podcast, which is produced by William Tincup, president of RecruitingDaily. It’s always fun to talk about people operations from a strategic standpoint and to share my insights with the broader HR community. But, even as our discussion segued from workforce modeling to people operations […].

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UK CFOs prepare for growth amid spending boom, Deloitte finds

Accountancy Today

CFOs across the UK are readying themselves for a surge in spending over the coming months, according to Deloitte’s UK CFO Survey Q2 2021. . The move marks a shift away from last year’s top priority of cost reduction, according to the survey, as over three-quarters of CFOs (71%) expect rises in capital expenditure. In addition, 76% anticipate increases in hiring over the year ahead, with expectations for both at their highest levels in almost seven years.

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New DOL Final Overtime Rules: Quickstart Guide for Employers

There’s a new overtime salary threshold that will impact employers across the country. If you have an employee making less than $43,888 on July 1 or less than $58,656 on January 1, you’re going to have to start paying overtime. Download Paycor’s guide to learn: Which groups of employees are affected? How should you classify employees? Best ways to mitigate risk.

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Is customer experience a priority for accounts receivable?

Future CFO

Customer service shouldn’t be conditional — if a customer is involved in any capacity, providing an optimal customer experience should be a top priority. Yes, that includes the often-taxing collections processes. Customer service doesn’t stop when companies are dealing with outstanding customer accounts. When it comes to the collections process, companies that remain focused on delivering exceptional service, having honest and consistent communication, and treating every customer with respect —

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Jedox 2021.2: AIssisted™ Wizard

Jedox Finance

Get the inside scoop here on the latest feature additions to Jedox AIssisted™ Planning in Jedox version 2021.2 based on real-life customer feedback.

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Why Companies Should Automate Financial Planning

Planful

The larger an organization, the greater the need for better financial planning and analysis (FP&A). You’re dealing with massive amounts of data, and you’re often under intense pressure to provide timely insights. Any delays or mistakes in financial planning could have catastrophic consequences. Many companies today are struggling to meet these expectations in their financial […].

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Volmaggedon, Decarbonizing Everything: Financial Analysts Journal Editor’s Snapshot

CFA Institute

Financial Analysts Journal managing editor Heidi Raubenheimer, PhD, CFA, provides a synopsis of the latest issue.

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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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Scholastics' journey to successful SSC

Future CFO

Scholastic, one of the world’s largest publisher and distributor of children’s books and educational materials with $1.6 billion in annual revenue. Products are distributed through retail and online sales and through schools via reading clubs and fairs. Looking to centralise accounting and achieve global efficiency, the company set up a Shared Services Centre (SSC) in Kuala Lumpur, Malaysia.

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François Masquelier (Simply Treasury): Small is Beautiful

Simply Treasury

Although the large IT vendors are necessary to properly serve large MNCs, we must accept that they cannot solve every single problem and that fintech’s may be solutions to problems often faced. There is a bias consisting of over-sizing solutions, perceived as sort of kitchen robots by treasurers and CFOs. The solution can be often found in emerging fintechs, for those who take time to contemplate existing and performing solutions to complete and fulfil their IT panoply of tools.

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Resilience in People Operations: 5 Ways to Extinguish Today’s Fires for Tomorrow’s Success

Planful

A few months ago, I was a guest on the RecruitingLive podcast , which is produced by William Tincup, president of RecruitingDaily. It’s always fun to talk about people operations from a strategic standpoint and to share my insights with the broader HR community. But, even as our discussion segued from workforce modeling to people operations data to Planful, one theme was consistent: People Operations must rise above the firefighting.

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Low- or High-Volatility: Which Wins the Return Battle?

CFA Institute

Are low-volatility or high-volatility strategies the better choice when it comes to equity returns?

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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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LinPepCo’s AR automation transformation

Future CFO

Building and sustaining a successful enterprise demands a keen understanding of when and how to address potential issues — turning what could be a critical weakness into a value-added strength. As a Pepsi-Cola franchisee with 25 years in the distribution business, LinPepCo had the intuition to make a change in their accounts receivable (AR) collections process.

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P2P DX with Esker: how automation changes the game for businesses

Future CFO

Today’s business landscape is ever-evolving, tech-driven and increasingly competitive, making it even more important for organizations to become as efficient and agile as possible. But strangely enough, a majority of businesses have yet to realize the strategic value and competitive edge that could be achieved by digitally transforming procure-to-pay (P2P) functions.

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7 ways to better manage cash with AP automation

Future CFO

In a time like this, maintaining strong cash flow is of utmost importance for businesses. Unfortunately for many organisations, large amounts of cash are being tied up in inefficient, back-office finance functions, and they are quickly realising that digitising accounts payable (AP) processes is the first step in building a robust continuity plan that frees up that cash and promotes future profitability.

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SWIFT launches payment pre-validation service

Future CFO

SWIFT recently announced the launch of its new Payment Pre-validation service, saying it’s a core building block in its strategy to drive instant and frictionless transactions worldwide. . Most cross-border payments are processed without issue, but one of the leading causes for those that fail or lose time is incorrect beneficiary information — from misspelled names to transposed account numbers, the cooperative noted.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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How AP & AR are coming together to better manage cash

Future CFO

CFOs are generally hands-off when it comes to leading the charge for AP and AR automation initiatives. The COVID-19 pandemic, however, raised the critical issue of cashflow from both the buyer and supplier side. As a result, CFOs need to be taking matters into their own hands. In a recent study, Chief Analyst at Kisaco Research , Michael Azoff stated, “I have always found that when C-level executives are behind a technology initiative then it is more likely to succeed.

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Economic recovery, capital bond issuances support Chinese insurers’ solvency

Future CFO

Economic recovery and solid capital supplementary bond issuance will support Chinese insurers' solvency in 2021, said Moody’s recently. Solvency ratios of life insurers in China generally rebounded in early 2021 as insurers emerged from business disruptions caused by the coronavirus pandemic, said Kelvin Kwok, a Moody's Analyst. Their capitalisation likewise picked up in the first quarter of 2021 following three quarters of decline, partly due to their issuance of capital supplementary bonds, he

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AI & RPA: The Technology powering P2P digital Transformation

Future CFO

The smartphone in your hand, the curated playlist you’re streaming, the electronic payslip you receive every month — Robotic Process Automation (RPA) and Artificial Intelligence (AI) are almost unavoidable in our everyday lives. And soon, the same will be said about the business landscape overall. This short and to-the-point eBook from Esker explores the technology behind digital transformation — RPA and AI.

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Esker Anywhere™: Mobile AP Invoice and Purchase Requisition Approval

Future CFO

Esker Anywhere is a mobile application that gives managers the ability to review, approve, and reject purchase requisitions and supplier invoices while out of the office. It enables purchase requisition approval capabilities in addition to supplier invoice approvals. Esker Anywhere provides on-the-road accessibility for managers who approve invoices and purchase requisitions before payment, enabling them to quickly resolve exceptions and approvals, resulting in excellent supplier relationships a

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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.