How can ERP improve a company's business performance?
Navigator SAP
FEBRUARY 1, 2022
The new normal for the world is volatility, uncertainty, complexity, and ambiguity. This is a challenging new normal.
how-can-erp-improve-a-companys-business-performance 
How Generative AI is Impacting the Digital Solutions Economy
Bramasol
SEPTEMBER 10, 2023
This new blog post in our ongoing series about the Digital Solutions Economy™ (DSE) looks at how new developments in Artificial Intelligence (AI) are impacting the ways that companies deploy and manage subscription-based, usage-based, entitlements, ratable, bundled, and other DSE offerings.
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Centage Planning Maestro: Innovating the Future of Finance
Centage
APRIL 28, 2022
Up until the release of Planning Maestro, only enterprise-sized companies could afford the expense of automated and intelligent cloud-based FP&A technologies. Small and mid-size companies are the true economic engines in our country, employing close to ha lf of all American workers. Every company starts out small.
Taking Control of Fixed Asset Management: Why Your Business Needs AP Automation
https://trustedcfosolutions.com/feed/
MARCH 1, 2023
Fixed assets are crucial to a business, providing long-term value and further business operations. Businesses must account for the depreciation of their fixed assets to take advantage of significant tax benefits and accurately report their financial performance to make informed business decisions.
PodChats for FutureCFO: Future-proofing cash conversion cycles
Future CFO
JULY 21, 2021
In an increasingly uncertain world, companies must build stronger relationships across their ecosystems if they are to achieve future growth. The way we use technology has completely streamlined the way we live, communicate, and do business across the globe. Cash Conversion Cycles.
Should CFOs Use ChatGPT
CFO Leadership
APRIL 4, 2023
And for years, we’ve seen glimmers of hope both in our personal lives, like when an AI system bested Jeopardy’s grand champs, and in business, like when product searches started actually providing useful suggestions of additional items to buy and good alternatives to the ones in your search. of its model. It’s said that version 4.0
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What is a Single Source of Truth?
Jedox Finance
JANUARY 27, 2022
Some values just do not make sense and you must manually reconcile all data before you can proceed. Keep reading to learn more about what it is and how it helps improve your company’s performance. People from different departments of an organization can access this location to receive the same information.
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Modern Financial Reporting & Analytics: The Path to Business Success During Times of Volatility
Centage
DECEMBER 15, 2022
Business moves at a fast clip, whether during times of economic expansion or times of uncertainty like we are experiencing today. Every company wants to know about variances as soon as they occur so they can either exploit unexpected opportunities or take steps to mitigate losses. The Trouble with Using Spreadsheets.
Investing in the Right FP&A Software: A Critical Component for Preparing for Unknowns
Centage
MARCH 7, 2023
As the Federal Reserve increases borrowing costs and supply chain problems continue running rampant across the globe, savvy business leaders are looking for ways to prepare for the problems ahead. The priority is to increase efficiency and predictability while keeping companies agile in the face of continued uncertainty.
Four Key Insights from SAP Sapphire 2023
Bramasol
MAY 31, 2023
We also met with many forward-looking companies seeking to accelerate their digital transformation roadmaps, launch new Digital Solutions Economy™ offerings, and/or optimize their compliance programs. SAP Business Transformation Center determines which data needs to be transferred.
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What is CapEx?
Jedox Finance
JUNE 15, 2022
Investing in fixed assets can be risky. You want to be well informed about longevity, loss in value and increase in performance before making a purchasing decision that can impact your company’s future. What are capital expenditures, what risks and opportunities are there, and how are the costs calculated?
7 Best Budgeting Software for Small Businesses
The Finance Weekly
OCTOBER 8, 2023
Managing a small business comes with many challenges. Budgeting software can greatly help by , automating financial tasks , making processes more efficient, and leading the business toward long-term success. Keep reading to find out the best budgeting software for small businesses.
Beyond the Basics: 7 Key Focus Areas for New CFOs
CFO Talks
MARCH 14, 2024
Building on this foundation, it’s essential to explore the broader spectrum of the CFO’s role in today’s fast-paced business environment. Moreover, the advent of big data and advanced analytics has armed CFOs with tools to forecast trends, optimize operations, and shape company strategies with unprecedented precision.
CFOs: Cost cutting isn’t the best way to deal with uncertainty
Future CFO
FEBRUARY 16, 2023
Lee Thong Tan, CFO Practice Lead, Asia, Workday (Photo: Workday) Future CFO: How can risk management help organisations build business resilience and ride through economic uncertainty? Research has shown that a partially offensive business growth strategy in the midst of a downturn can prove beneficial in the long run.
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The Case for Data Integrations in FP&A Platforms
Centage
JUNE 14, 2022
Business leaders need real-time insight into the business and how it’s performing. Specifically, they need to identify emerging trends — both positive and negative — as early as possible so that they can conduct what-if scenario testing, and make smarter and faster decisions about possible pivots.
Finance 2025 – are you ready?
CFO Talks
JUNE 1, 2022
It includes improving efficiency, value, or innovation. Finance is an age-old profession, and it is a good sector to look at when analyzing just how far digital transformation has come. The finance function is changing rapidly and is led by how leading companies experiment with innovative technologies and change the way work gets done.
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5 financial planning software capabilities that drive business value
Jedox Finance
JANUARY 13, 2023
Why is it so difficult to build an operational plan that not only keeps pace with changing priorities but also adds meaningful business value? The answer is simple: most organizations use financial planning solutions that lack the adaptability, integration, and simplicity that high-performing teams need to collaborate effectively.
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Weighing Your Options: The Disadvantages of Using Spreadsheets for Budgeting and Planning
Centage
JULY 19, 2023
That’s because budgets are the foundational backbone of every company. Part of the Microsoft family, Excel has been part of the business landscape for decades. That means there’s no ramp-up time in learning how to use it. Excel is still a valuable business tool. “Is it in the budget?”
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The 90 Day Road to Successful CFO
The Finance Weekly
APRIL 12, 2022
Nevertheless, the best way to learn the responsibilities and skills required of a CFO is to perform it. In this post, we'll go over a checklist of seven things a new CFO should accomplish in their first 90 days to help the company succeed. However, getting there is only the start of the journey.
How Automation Helps Treasurers Weather The FX Volatility Storm
PYMNTS
AUGUST 13, 2019
12) in Catering Insight showcased some of the foreign exchange hurdles businesses face as a result of that uncertainty. We cannot guess what the rate will be day-by-day, so it’s the only solution to pass on such a surcharge to protect our company,” one U.K. The continuing uncertainty over Brexit and geopolitical volatility in the U.K.
Best FP&A Software for Small Businesses
The Finance Weekly
AUGUST 30, 2022
Why are FP&A software tools essential for small businesses? FP&A software tools are increasingly important for businesses of all sizes. Historically, FP&A teams primarily existed as a separate department, mostly among large and established companies. But all of that has changed. , But all of that has changed. ,
Combining RPA & AI for business success
Future CFO
JUNE 23, 2021
AI can be scary Alan Turing. Yet, focusing on whether AI will replace certain human-performed activities rather than entire occupations would be a preferred approach to considering the implications. You can think of it as an Excel macro that executes a set of instructions. Stephen Hawking. Bill Gates. write in their report.²
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Basics of Effective Business Partnering in the Finance Function
The Finance Weekly
APRIL 27, 2022
As an FP&A professional, one of the key foundation points is to build trust and respect with the business. Trust comes in many forms and is built over time, and isn’t something that can be obtained immediately. The business partner is critical to ensuring a realistic strategy is on track. Interact with the sales teams.
Pragmatically Navigating New Technologies in The New Year
The Finance Weekly
DECEMBER 30, 2021
For businesses, this might spell out the adoption of a new strategy, scheduling approach, or technology implementation. Business intelligence, data security, and and has proved particularly effective for finance departments, given the recent powerful innovations in finance technologies. Business Stabilization.
How CFOs can take the lead in adopting a consumption business model
Future CFO
JANUARY 2, 2022
Geoff Soon (pictured), Senior District Manager for ASEAN, Snowflake spoke to FutureCFO about the consumption business model, how it would help CFOs with value creation, and how they could work with other internal teams to adopt this model. FutureCFO: What is a consumption business model and why does it matter to CFOs?
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Digital Transformation in Finance: Your EPM Tech Refresh
Jedox Finance
AUGUST 2, 2022
In this blog post you get the chance to explore the intersection between the planning and technology of your organization and will see how an EPM Tech Refresh that is coming with a modern solution can help you on your digital transformation journey. Long term improvements with a modern solution. Table of Contents.
Hackett Research Links Procurement Digitization To Employee Retention
PYMNTS
AUGUST 22, 2018
Companies in the midst of digitizing their procurement processes have another incentive to push forward. According to a new report from The Hackett Group, procurement digitization can support employee retention. That includes cost savings and improved ROI, The Hackett Group researchers noted.
How finance can improve data visibility
Future CFO
OCTOBER 23, 2019
While companies and their finance functions need to have clean data to achieve success in digital transformation, they must also deal with issues such as data silos and data visibility. Finance staff draws information from excel spreadsheets, the organization’s ERP systems, and other different silos of information to make manual exports.
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The Evolution of the FP&A Function [Webinar Recap]
Planful
JUNE 15, 2017
Organizations are increasingly relying on this team to provide the business with the information needed to remain agile – and to react quickly to changes in the business environment. So what does the day-to-day role of FP&A look like in today’s landscape, and how has it evolved? How the Role of FP&A Has Changed.
Best FP&A Software for Startups
The Finance Weekly
AUGUST 30, 2022
Why are FP&A software tools essential for startups and small businesses? FP&A software tools are increasingly important for businesses of all sizes. Historically, FP&A teams primarily existed as a separate department, mostly among large and established companies. But all of that has changed. ,
Tipalti Tames The Monster Ecosystem Of X-Border, AP Automation
PYMNTS
JANUARY 17, 2018
Over the past few years, demand has increased for system integrators, ERP (enterprise resource planning) resellers, procure-to-pay implementers, business process outsourcing companies and banks to work together as their clients strive to enable complex capabilities like cross-border payments and invoice automation.
Procurement Digitization Doesn’t Have An Endgame
PYMNTS
AUGUST 22, 2018
Organizations know by now that enhanced and efficient procure-to-pay processes can save money and boost efficiency. But how, and by how much? A new report from The Hackett Group aims to put some definitive numbers behind the trend to uncover just how beneficial an enhanced procurement strategy can be.
The One Thing Behind Every CFO’s Goals
PYMNTS
APRIL 5, 2016
” “Companies are focusing on cost reduction across the enterprise, and this is clearly an area where finance can take a leadership role,” O’Connor, principal and finance advisory practice leader, said in a statement announcing the release of the report. Improve finance performance management capability.
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Realizing ROI with Enterprise Performance Management
Planful
NOVEMBER 5, 2015
CFO Playbook on Performance Management. Planful sponsored a webinar on CFO.com titled “The CFO Playbook on Performance Management: Realizing ROI with EPM Improvements.” Featured speakers include Karen Schreiber , Principal, The Hackett Group, and Matt Schwenderman , Principal, Deloitte Consulting LLP.
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Coming out stronger in 2021 – What does good look like?
Future CFO
FEBRUARY 10, 2021
No longer just finance stewards, they have taken on more proactive roles in steering the company forward. While this has improved the CFO’s ability to navigate the uncertain market landscape, it also introduces new challenges. Organisations need to refocus on a smarter and more efficient ecosystem for their businesses.
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Why SAP ERP Makes Sense for Pharmaceutical Manufacturing
Navigator SAP
JUNE 24, 2022
Legacy software systems no longer make sense for life sciences businesses, especially those in Pharmaceutical manufacturing. The problem is that complexity, regulation, and competition have changed how pharmaceutical and life sciences firms must do business. Data is siloed, hard to update, and time-consuming to store or use.
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163: Henk Cronje
CFO Talks
DECEMBER 16, 2021
? ? ? ? ? ? ?. Raised on a farm, Henk Cronje has returned to his roots as Head of Finance at Agri Technovation, a global innovation business focused on crop performance fuelled by science and technology. CFO Talks is a brand of the South African Institute of Business Accountants. First of all, welcome, Henk, where are you based?
Planning business scenarios for financial agility
Future CFO
JULY 13, 2020
The on-going COVID-19 pandemic has irrevocably disrupted the global economy at an unprecedented scale – forcing manufacturing facilities to shut down, grounding thousands of land, air and sea transportation, and compelling companies to adapt work-from-home arrangement when authorities put quarantine measures in place. Iskandar Sham.
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The New CFO 90 Day Plan: How to be a Successful CFO
Planful
MAY 4, 2017
In this article, we discuss how to craft the new CFO 90 day plan with a CFO development plan, CFO advice, CFO required skills all focused on how to be a successful CFO. Depending on the type of company and role, interacting with the Board and investors may or may not be possible. CFO Tips: Gaining Confidence in the Financials.
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40 Data Dive, Trying New Things Edition: Stripe, Square And Amazon
PYMNTS
SEPTEMBER 24, 2018
Despite the thousands of articles and books written by self-help experts over the years extolling the benefits of embracing change and incorporating more variety into one’s life, the truth is that trying new things can be a hard thing to motivate people or businesses to do. said John Collison, co-founder and president of Stripe. “As
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Scenario Planning in Uncertain Times
Centage
SEPTEMBER 13, 2022
Your business can use historical and recent business performance with the recurrent business cycle and seasonal trends to predict your organization’s financial performance in various scenarios. Your company needs to make plans for the future.
The CFO Agenda: 5 Areas to Focus on in 2024
CFO Leadership
JANUARY 5, 2024
We heard from numerous finance leaders and experts at SuiteWorld 2023, NetSuite’s annual user conference, and they were brimming with fresh and challenging ideas that can help companies right now. Encourage experimentation and the idea of starting small, but apply AI where success will actually matter to the business.
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2023 Financial Planning: The Importance of the Budget vs. Actual Statement During Times of Change
Centage
JANUARY 17, 2023
Today’s business leaders are facing unprecedented uncertainty. Between a volatile stock market, high interest rates, supply chain issues, inflation, and a possible recession, having a solid financial planning process in place is an important piece of sustaining your business through challenging times.
A Buyer’s Guide for the Top 10 FP&A Software 2022
The Finance Weekly
JULY 19, 2022
FP&A software assists CFOs, finance leaders, and FP&A experts in ensuring the financial health of their organization by tracking and analyzing current outcomes and forecasting future performance. With providers of all shapes and sizes offering FP&A software, selecting the right platform for your specific needs can be difficult.
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