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UK Financial Reporting Group Says Blockchain Too Immature For Adoption

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Financial Reporting Council’s Financial Reporting Lab has released a new report on the potential applications of blockchain in the corporate accounting space. According to reports, the group is taking a cautious approach to the technology.

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How Data Guides A New Era For The ERP

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The enterprise resource planning ( ERP ) system has been a staple of corporate finance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. He pointed to financial reporting as one example of this shift. The ERP’s Role in a FinTech World.

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Banks, Businesses Brace For Far-Reaching Accounting Standard Changes

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For companies, the changes will disrupt their financial reporting in a big way when the requirements come into effect. . “Private companies are starting to realize it’s not business as usual,” said Deloitte Private Enterprises Managing Partner Mark Davis in an interview with Accounting Today last week.

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Why Economic Volatility Opens Up Opportunity For The Modern Corporate Accountant

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For those corporate clients, the pressure to remain profitable, grow and support shareholders — all while remaining compliant amid market volatility — is emerging as a major pain point for the chief financial officer. “All of this has come into play in the last couple of months.”

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Why The Paper Deluge Doesn't End With Digitization

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For finance professionals, this could be anything from the time-consuming workflow of printing and cutting paper checks to keeping piles of financial reports on the desk. Organizations have long struggled with a "paper deluge." A desktop full of PDFs can be just as frustrating as piles of paper on your actual desk," said Wood.

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Small Businesses At The Center Of Bots Vs Accountants

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“The healthy economy brings a need for companies to know where their business is thriving financially (or not), to help make decisions for the future.”. Those areas probably won’t be first in line to see robots replacing human talent.

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How ERP Tech Can Empower — Not Combat — The Notorious Spreadsheet

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Chief financial officers (CFOs) often have a love-hate relationship with their enterprise resource planning (ERP) systems. They’re a staple of corporate finance and, as of recent years, are accelerating their shift into the cloud. “It’s a love-hate relationship with Excel,” said Lipps.