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CFOs during the pandemic have sped up digital transformation. Today they are especially focused on robotic process automation and complementary tools such as process mining, Gartner said.
You implemented your enterprise resource planning (ERP) system because you wanted your business to operate more efficiently, with stronger and more automated controls—and, of course, you wanted to reap cost savings from those benefits. Ultimately, you aspire to get better visibility into your operations so you can accelerate your revenue growth. But are you getting what you need from your system?
In the best, most stable of times, the job of forecasting and responding to demand is difficult at best. These are not the most stable of times. In a 30-year career, I’ve never seen a more uncertain, unstable economic situation than what we’re facing now, particularly for chief financial officers at private-equity-backed companies. The pandemic is.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
Companies overstate their commitment to sustainability as investors, regulators, lawmakers and other stakeholders push for adherence to environmental, social and governance best practices.
The pharmaceutical industry is one of the most heavily regulated industries due to the implications product quality has on public health. Automation and optimization of key processes such as manufacturing, supply chain, etc., help companies enhance their productivity while maintaining high-quality standards. Life science ERP solutions are now embedded with added functionalities to take care of quality control and regulatory requirements.
The pharmaceutical industry is one of the most heavily regulated industries due to the implications product quality has on public health. Automation and optimization of key processes such as manufacturing, supply chain, etc., help companies enhance their productivity while maintaining high-quality standards. Life science ERP solutions are now embedded with added functionalities to take care of quality control and regulatory requirements.
"If we thought of the equity premium as a fear premium," Rob Arnott says, "a lot of the so-called anomalies that we’ve talked about would not be anomalies at all.".
Vanuit de maatschappij klinkt de roep om verduurzaming steeds luider. Algemeen wordt aangevoeld dat een koerswijziging nodig is om de complexe ecologische, maatschappelijke, economische, … uitdagingen het hoofd te bieden. Deze uitdagingen situeren zich niet langer in de toekomst maar in het heden. Een duurzame samenleving veronderstelt een duurzaam (ondernemings)recht.
Treasurers can use data lakes to centralize information, increase liquidity and reduce fraud, but finding the resources to set them up may be a challenge.
Quality plays a pivotal role in the success of any business. Delays in delivery are often caused by products not meeting the mandated quality standards. Failure to meet quality standards can have grave implications on the production environment and the company's public image.
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
The situation in Ukraine has dominated new headlines for weeks on end now, and for good reason. The country is in a dire humanitarian crisis and has affected the world from waves of refugees to rising US gas prices. But is the relevance of such a crisis relevant to finance professionals, or is this just an unfortunate occurrence that such workers will keep hearing about for the foreseeable future?
Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. But an audit doesn’t have to scare you or your management team. The most important thing you can do is be prepared.
The business outlook has grown hazier amid Federal Reserve plans to reduce stimulus, Russia’s invasion of Ukraine and doubts about the stability of supply chains tied to China.
Automation of key business processes in the life science industry has profound benefits. SAP ERP is one such tool that allows companies in the life science industry to do just that.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Back in 2019, Centage made waves when it announced the availability of Planning Maestro , the first-ever FP&A platform designed specifically for the mid-size market. Up until the release of Planning Maestro, only enterprise-sized companies could afford the expense of automated and intelligent cloud-based FP&A technologies. Centage made it its mission to change that.
Consumer health and safety is the fundamental responsibility of a pharmaceutical company. A major threat to the industry’s credibility is the rampant circulation of counterfeit products. To avoid this, the pharmaceutical supply chain is one of the most heavily regulated supply chains in the world.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
While a hybrid workforce can bring many benefits, employers must avoid proximity bias arising from this new work model, said Hays CEO Alistair Cox recently. When some of an organisation’s workforce isn’t present in the office at the same time, there is the risk of proximity bias, in which preferential treatment is given to those working within the office environment, Cox pointed out.
In this month’s Employee Spotlight, we’d like you to meet FISPAN’s Manager, Infrastructure and Data Services, AJ Olpin ! AJ joined our team a year and a half ago, bringing with him over 10 years of experience in finance and technology from a local credit union. Today, AJ manages the Cloud Infrastructure and Data Service teams where he is responsible for the department’s technical output, roadmapping, technical support and team mentoring, ensuring service-level agreements (SLA) are met, and provi
Eighty-eight percent of CFOs at private-equity backed companies surveyed said they underestimated the time it would take to migrate financial and accounting processes to a state-of-the-art enterprise resource planning system (ERP) and software stack.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
A macroeconomic downturn has moved into the top five risks among senior executives, said Gartner recently when releasing the Emerging Risk Report based on results of a survey of 330 senior executives in Q1 of 2022. The macroeconomic environment was already challenging before Russia’s invasion of Ukraine , marked by persistent inflation and supply chain bottlenecks, which remain largely unresolved, said Matt Shinkman, vice president with the Gartner Legal, Risk & Compliance practice.
"The increased use of cash over equity in compensation packages is a sign that CFOs are in demand as companies would typically rather give equity," according to Robert Lamp of Korn Ferry.
As detailed in numerous previous blog posts in this series, the Digital Solutions Economy™ (DSE) is creating sweeping change and new opportunities for companies in a wide range of markets. This episode focuses on how DSE business models present new challenges with regard to Financial Planning & Analysis (FP&A) processes, which require enhanced agility, scalability and end-to-end integration to handle DSE's inherently dynamic requirements.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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