Remove B2B Remove Financial Data Remove Financial Reporting Remove Forecasting
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How Tech Can Help Uncover The Story Behind Financial Data

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For a chief financial officer (CFO), having technology — from ERP systems to cloud accounting and cash forecasting tools — has become paramount when deploying a successful growth strategy. But Born said the human element is the key that’s often missing in these innovations to corporate financial reporting.

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Accelerating Financial Reporting, From Monthly Reports To Real-Time Analytics

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According to Kurt Rathmann, CEO and founder of SMB accounting firm ScaleFactor , the month-end close may be the traditional way of doing things, but it forces small business owners to examine data that, by the time a financial report is completed, is too old to be of much use. “The news is about 30 days old at best.”

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How Data Guides A New Era For The ERP

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The boom in B2B FinTech has introduced a flurry of new solutions and platforms from which corporates and small businesses can choose. It’s a result, explained Gillette, of the legacy ERP no longer being suited to address the full range of businesses’ diverse financial and process management needs. The ERP’s Role in a FinTech World.

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The CIO Emerges As A Key Asset For The CFO, Says Workday

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Amid the flurry of B2B FinTech innovation aiming to transform organizations’ back offices, there is often one common threat within the disruption: the need for previously siloed, disconnected systems and processes to integrate with each other, offering a streamlined, holistic view of the enterprise.

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Small Businesses At The Center Of Bots Vs Accountants

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” Traditional bookkeeping also prevents financial professionals from using their time wisely, forced to aggregate and crunch financial data rather than analyze it. ” Today, he added, technology is “better than humans” at accurately and securely managing and categorizing financial data.

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

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Looking one step beyond that, Lipps said, is empowering CFOs to take that data and make more informed predictions and more accurate forecasts. “The future of the way the CFO operates is the day when the CFO doesn’t have to go through page after page of manual reporting,” Lipps said. ”