Future CFO

NOVEMBER 13, 2023

Most finance functions are behind other functions in AI implementation. According to a survey of 130 finance leaders and 91 associates in administrative support functions by Gartner in June this year, 61% of respondents either have no plans for AI implementation or are still in the initial planning phase.

Finance 59

Finance Financial Analysis Investments Planning 59

Future CFO

FEBRUARY 28, 2024

In a Gartner survey of 822 functional leaders, 34% of respondents identified CFOs as being involved in developing GenAI strategy for their enterprise. Alexander Bant, Gartner Finance practice Bant points out that CFOs know GenAI strategies must be cross-functional, and that they are leaning in with their CIOs, CISOs, and CDAOs.

Leadership 52

Leadership Finance Investments Technology 52

Future CFO

OCTOBER 29, 2023

The functions for financial planning and analysis are often in partnership with risk and asset liability management practices. It is undeniable now that the finance function and FP&A in banking have naturally become a centerpiece of the business, as opposed to just a peripheral role in the organisation.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Risk Management Banking Accounting Standards 52

Bramasol

MARCH 31, 2023

We have found that this flexibility to leverage BRIM within other business processes can be a big benefit when it comes to both lower development costs and speed of deployment. It's even possible in some straightforward situations to handle RevRec functions directly within BRIM.

SAP 86

SAP Compliance Invoicing B2C 86

Fpanda Club

APRIL 18, 2022

To perform these functions marketing, as a discipline, possesses a wide range of tools and techniques that can be used to analyze data, verify hypotheses and communicate information. By combining the results of the SWOT analysis FP&A teams can elaborate strategies and develop action plans to improve the FP&A function.

Financial Planning and Analysis (FP&A) 130

Financial Planning and Analysis (FP&A) Marketing Finance Forecasting 130

E78 Partners

APRIL 12, 2024

Some example findings might include Capacity limitations in various functions may not be effectively addressed by merely adding headcount, and certain crucial projects deemed vital for scalability and sustainability may lack necessary resources for execution.

Mergers and Acquisitions (M&A) 59

Mergers and Acquisitions (M&A) Concentration Restructuring Planning 59

PYMNTS

DECEMBER 14, 2020

Accounts receivable and accounts payable are two key functions of the enterprise with significant impact on cash flow. The payment function itself is yet another way organizations can drive stronger, more predictable cash flows. Cash In, Cash Out. There are strategies to address this challenge. Optimizing Payments.

Accounts Payable 123

Accounts Payable Cash Flow Forecasting Prioritization Invoicing 123

Future CFO

AUGUST 10, 2021

Improve visibility into change Most internal audit functions are already on a journey to improve visibility into areas undergoing changes, according to Beale. Three years ago, many functions pursued real-time assurance and sought to better leverage data to get a more comprehensive and real-time view of risk, he added. Source: Gartner.

Auditing 52

Auditing Leverage Planning 52

Future CFO

FEBRUARY 21, 2023

Autonomous finance is set to transform roles in the function through 2025, said Gartner recently. CFO priorities for 2023 show us that transformation of their function remains very high on the agenda, he pointed out. “By

Finance 52

Finance CFO Leadership Compliance 52

PYMNTS

SEPTEMBER 11, 2020

A large function of this is how long it takes to not only purchase the actual solution, but also test it, provide feedback and ultimately decide how (and whether) to deploy the solution. In other words, this is not simply a ‘how quickly can we buy it,’ but also a ‘how do we test it and decide whether or not to fund it for deployment.’

Securities 96

Securities Technology Banking Currencies 96

PYMNTS

JANUARY 5, 2021

Enterprise resource planning (ERP) company Unanet has rolled out a number of functionalities to add to its platform for architecture and engineering firms (A/E) in addition to government contractors (GovCons), according to a Tuesday (Jan. 5) announcement.

Construction 72

Construction Economics Numbers Finance 72

Future CFO

SEPTEMBER 21, 2023

However, as finance professionals, particularly those in the financial planning and analysis (FP&A) function, require more sophisticated analytical capabilities, Gartner says these teams will likely rethink their continued use of spreadsheets at least for use cases such as dashboard creation, reporting and modelling.

Financial Planning and Analysis (FP&A) 98

Financial Planning and Analysis (FP&A) Finance Planning Technology 98

Future CFO

NOVEMBER 28, 2022

It involves multiple functions within a business. And because of that, in a post-VUCA world, the CFO is being asked and is expected to play a bigger role because of their ability to see across functions, across the entire business, unlike any other c-level role. Erik Saito. It’s more of a reactive role than a proactive role.

CFO 98

CFO Leadership Compliance Finance 98

Future CFO

SEPTEMBER 26, 2022

A touchless close is what finance functions want, Gartner said recently. Finance has also invested heavily in technology to reduce time to close, with three technologies deployed by more than half of functions already: general ledger technology, a financial close solution, or workflow automation, Gartner said.

Finance 52

Finance General Ledger Reconciliations Auditing 52

CFO Leadership

OCTOBER 10, 2023

But one way that generative AI is likely to be particularly transformative for finance functions is the speed and accuracy with which it can deliver the “why” behind automated financial analyses. That same thinking applies before deploying generative AI or any other new tool in your finance function.

Financial Planning and Analysis (FP&A) 115

Financial Planning and Analysis (FP&A) Finance Compliance Forecasting 115

PYMNTS

OCTOBER 5, 2020

But, Phalen noted, the continuing deployment of tech-enabled accounts payables and receivables solutions (helped along by APIs) has gotten the ball rolling — and will prove sticky even after the pandemic is over and we return to office environments. But the solutions they deploy, maintained Phalen, must be fast. And above all: Safe.

B2B 137

B2B Accounts Payable eCommerce Accounting 137

Future CFO

OCTOBER 16, 2023

Traditionally, finance functions perform technical work that require precision and working to regular monthly, quarterly and annual cadences. In EY’s research, finance function staff were more inclined to believe that failed experimentation would negatively impact their careers (70% of finance workers versus 62% of workers in all functions).

Finance 52

Finance Communication Technology Economics 52

Future CFO

JANUARY 10, 2024

It is imperative that finance leaders have a good grasp of what's to come in the scene of artificial intelligence as this will impact their decision-making in the finance function. Although the new year has begun, trends in digital transformation seen in 2023 remain and finance leaders must have a deep understanding in such.

Finance 52

Finance Forecasting Leverage Banking 52

CFO Leadership

JULY 19, 2022

Involve others cross-functionally to build consensus and perspectives. Key takeaways. Keep it simple: Narrow your scope and reduce scope creep. Simultaneously find big problems with potentially short time to value and large, repeatable payback.

Leadership 98

Leadership CFO Finance Technology 98

PYMNTS

APRIL 24, 2019

.” Their announcement follows Ripple’s own blog post last year that noted Siam Commercial Bank would become the first financial institution (FI) to join RippleNet, and deploy its “multi-hop” functionality to settle payments on behalf of other FIs on the network.

B2B 87

B2B Banking Technology Investments 87

Bramasol

SEPTEMBER 12, 2022

Since the SAP S/4HANA 1809 release, new updates of RAR and S/4HANA have deepened and expanded both revenue management functionality and overall integration with other applications in the S/4HANA ecosystem. Cloud Deployment Options. These include Event Based Revenue Recognition (EBRR) and Contract Based Revenue Recognition (CBRR).

SAP 85

SAP IFRS Compliance Invoicing 85

Bramasol

MAY 31, 2023

In some cases, a full-stack deployment makes sense however in other scenarios, companies may be best served by combining one or more specific applications such as Subscription Billing, Convergent Invoicing, Convergent Charging, Sales Order Management, Convergent Mediation, Sales & Distribution, etc.,

SAP 78

SAP Compliance Transportation Leverage 78

CFO Share

DECEMBER 13, 2023

Small business bookkeeping, HR, and IT are commonly outsourced functions due to their technical nature and less-than-full-time requirements. Outsourcing bookkeeping functions can significantly reduce the time and effort involved in recruiting and hiring qualified staff. Outsourcing helps avoid the hidden costs of in-house bookkeeping.

Compliance 52

Compliance Accounting Technology Marketing 52

Future CFO

FEBRUARY 17, 2021

Why it’s critical to evolve your finance function today — and how to do it. • How some finance functions have found opportunity amidst the chaos The post Real-world lessons for planning in a crisis appeared first on FutureCFO. Companies have had to respond with their own momentum to stay in control of their business.

Planning 52

Planning Finance Leadership 52

CFO News Room

JANUARY 13, 2023

Communication is a key function for think tanks, which are typically focused on disseminating findings on complex issues to diverse audiences. Similar to other archetypes, Field Builders rely on a robust communications function. What resources, capabilities, or functions do we need to shore up to best fulfill our desired state?

Prioritization 130

Prioritization Communication Leverage Leadership 130

Nerd's Eye View

OCTOBER 9, 2023

However, advisors don't need to become an expert in SEO themselves or hire an in-house expert to do it for them, as there are a host of outsourced SEO providers who have the technical expertise needed to effectively leverage SEO.

Advertising 76

Advertising Leverage Marketing Planning 76

PYMNTS

OCTOBER 8, 2020

Fusion Payments To Go offers “best-practice” features and operating rules for supported settlement and clearing functions, in addition to standard integration with outside applications, according to the announcement. Monese Adopts Thought Machine’s Cloud Banking Platform.

Technology 120

Technology Banking Startups Finance 120

Bramasol

JUNE 30, 2023

In some cases, a full-stack deployment makes sense however in other scenarios, companies may be best served by combining one or more specific applications such as those shown below. Agility and Innovation : Cloud computing empowers organizations to rapidly develop and deploy applications, reducing time to market for new products and services.

SAP 78

SAP B2B Leverage Analyzing Data 78

Future CFO

JANUARY 14, 2024

To unlock GenAI’s full potential, executives should deploy it to improve efficiency of everyday tasks, reshape critical functions, and invent new business models,” said Schweizer. Of the companies surveyed that are investing more than $50 million in AI in 2024, 27% put the CEO in charge of their RAI strategy (versus 14% overall). “To

Investments 52

Investments Planning Technology Marketing 52

Future CFO

JUNE 12, 2022

While CFOs have made reasonable progress in laying the groundwork for finance AI projects, the challenges come when attempting to scale up solutions that can manage the complexities of function-wide use, said Sanjay Champaneri, senior director analyst in the Gartner Finance practice. Costly upfront infrastructure.

Finance 52

Finance Technology Investments Securities 52

PYMNTS

NOVEMBER 4, 2020

Digitizing the information across the blockchain and function of printing and sending checks saves money and time. Farooq said that’s when the trouble — and pain points — scale quickly. Morgan itself, the company has said, moves $6 trillion daily in payments. Morgan’s “endpoints,” as described by Farooq, are large corporates.

Healthcare 131

Healthcare Compliance Currencies Banking 131

PYMNTS

MAY 12, 2020

The stage is set for increased deployment of Intelligence of Things (IoT)-enabled, autonomous robots to keep aisles and backrooms safe and clean, and even help streamline getting goods on the shelves. “Our software creates the same functionality as the most experienced operator,” Izhikevich said. Brain Corp. Brain Corp.

Retail 99

Retail Healthcare Manufacturing Education 99

Future CFO

OCTOBER 23, 2019

What could make RPA deployment easier for organizations? With data now as the underlying infrastructural layer of technological deployments, CFOs realize the need to navigate real-time changes and unpredictabilities that may arise. The finance function needs to be well-equipped to handle these changes in real-time.

Finance 52

Finance Financial Planning and Analysis (FP&A) Concentration Reconciliations 52

PYMNTS

MARCH 10, 2020

The integration with Esker provides all the functions necessary for reliable and efficient processing of supplier invoices,” the release said. Cegid provides the guarantee of a functionally rich ERP offering for rapid deployment and Esker the technological guarantee of its data extraction engines,” the release said.

Accounts Payable 69

Accounts Payable Accounting Invoicing Technology 69

Future CFO

NOVEMBER 5, 2019

While organizations are implementing the technology, finance functions need to know what AI can and can’t do for them to effectively allocate resources and manage their expectations before deployment. Advice to CFOs who’re mulling about AI deployment. Look at AI as a benefit.

Finance 52

Finance Auditing Invoicing Reconciliations 52

PYMNTS

JUNE 3, 2019

To let businesses quickly deploy digital payment services, a consortium of major companies is rolling out a new financial innovation platform called b.yond. Global Processing Services , Pannovate , Cornercard , MeaWallet , Modulr , AllPay and W2 Global are founding partners of the consortium in collaboration with Visa , according to an announcement.

eCommerce 77

eCommerce Accounting Banking 77

PYMNTS

JANUARY 16, 2020

As more businesses embrace digital ERPs, accounting, AP and AR solutions, they’re tasked with toggling from one portal to another to initiate key functions like payments. HSBC is another financial institution that recently deployed APIs for the purpose of streamlining businesses’ AR and AP functions.

Accounts Payable 56

Accounts Payable Invoicing Treasury Education 56