Jedox Finance

OCTOBER 1, 2020

Some have come far on the journey while others are still struggling. This week we discuss what it takes to progress the transformation and overcome the significant hurdles that many companies are facing. The main problem is that large and/or older companies suffer from old legacy ERP systems. How could they change this?

Finance 141

Finance Problem Solving Reconciliations Investments 141

Future CFO

JULY 21, 2021

Particularly at the beginning, finance teams found themselves unable to access their in-house systems making it challenging to perform end-to-end payables processing efficiently,” he added. The value and limitations of ERP. The mandatory remote work that came about because of the pandemic exacerbated the situation. Albert Leong.

Accounts Payable 95

Accounts Payable Finance Communication Accounting 95

Future CFO

DECEMBER 17, 2023

The payments landscape is not exempted from these shifts, what with the current talks of digital transformation and technological advancements. What should be done to combat possible challenges? Beyond these changes and shifts in the industry, the questions that arise are leaning towards the way of payment efficiency. Metzger says.

Forecasting 90

Forecasting Finance Treasury Cost Management 90

Jedox Finance

JANUARY 23, 2020

What has been working well? What hasn’t? In a perfect world, we would like an EPM system that manages organization-wide planning, reporting and analysis. Connecting the dots between EPM, ERP, and BI. The name of Enterprise Resource Planning (ERP) may be misleading. Where to begin? The scope of EPM.

Financial Planning and Analysis (FP&A) 88

Financial Planning and Analysis (FP&A) Budgeting Data Analysis Forecasting 88

CFO Thought Leader

JANUARY 15, 2024

CFOTL: Tell us about Rimini Street … what does this company do, and what are its offerings today? Think about all of the ERP systems, the core systems of record—major systems that are deployed worldwide, in many instances. When I first received a call for Rimini Street, I was running an SAP system.

CFO 52

CFO SAP Leadership Finance 52

Spreadym

OCTOBER 3, 2023

Variance Analysis: They can analyze financial data to identify and explain variances between budgeted and actual performance, helping the organization understand what is driving financial outcomes. What skills should the best FP&A candidates obtain?

Financial Planning and Analysis (FP&A) 59

Financial Planning and Analysis (FP&A) Financial Analysis Budgeting Financial Modeling 59

PYMNTS

SEPTEMBER 22, 2020

There was, indeed, hesitancy at metals supplier Ritchey Metals , which recently announced that it is implementing enterprise resource planning (ERP) technology from Sage. We probably had 12 to 15 systems we were using.". The proprietary system that the company had built years prior was no longer fit for purpose.

Planning 66

Planning Technology Accounting Marketing 66

PYMNTS

SEPTEMBER 24, 2020

And as Lisa Shields , founder and CEO of FISPAN , told Karen Webster in a recent PYMNTS TV conversation, embedding banking products and services within enterprise resource planning (ERP) systems can pave the way for chief financial officers and treasurers to do far more than simply track cash balances and pay bills.

B2B 94

B2B Banking Treasury Risk Management 94

Jedox Finance

APRIL 8, 2021

Information systems provide different tools to support decision makers of many levels within an organization. What is Business Intelligence? Traditional” data is being created in operational systems such as ERP, CRM, HCM and similar or related systems. It also needs to be based on insights from data. in this post.

Data Analysis 89

Data Analysis Forecasting Analyzing Data Budgeting 89

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

Leadership 98

Leadership CFO Benchmarking Communication 98

PYMNTS

JANUARY 7, 2021

PYMNTS CEO Karen Webster held a panel discussion with Transfermate CEO Sinead Fitzmaurice , Coupa Executive Vice President Ravi Thakur and Wells Fargo Head of Global Product Management Judd Holroyde to discuss what it means for organizations to step back and look at the bigger picture of cross-border payments. "We Emerging Ecosystems.

B2B 97

B2B Accounts Payable Treasury Corporate Finance 97

PYMNTS

OCTOBER 5, 2020

We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner. She noted that some verticals, like healthcare, may have automated several functions — such as claims filings — but on the payments side payments were still highly reliant on paper.

Healthcare 130

Healthcare B2B Reconciliations Accounts Payable 130

Simply Treasury

AUGUST 3, 2022

This is not what a professional treasurer would call "banking connectivity". Overly complex ERP environment and IT architecture with several different systems used simultaneously. · Commitment Authorities into the ERP’s. Many industries or institutions, such as family offices, hedge funds (i.e., CHALLENGES.

Banking 147

Banking Reconciliations Treasury Securities 147

CFO Simplified

APRIL 15, 2022

Companies are very careful about what they pay for their inventory—as they should be. For many companies, but especially those that have seasonal inventory, a policy should direct what to do when items become obsolete. Some of it was nearly 10 years old. Aging Computer System. Bringing Value Through CFO Insights.

Profit and Loss 52

Profit and Loss Manufacturing General Ledger Accounts Payable 52

PYMNTS

APRIL 14, 2020

It stands to reason that firms that have been around for decades, with far-flung operations and payments done across multiple currencies, have a range of legacy systems in place with less-than-efficient processes entrenched in back-office functions.

Cash Flow Forecasting 92

Cash Flow Forecasting Treasury Foreign Exchange Benchmarking 92

PYMNTS

DECEMBER 19, 2018

As far as B2B FinTech goes, much attention has been paid to empowering a range of processes, including accounts payable, expense management and financial analysis — many of which had previously been a part of the Enterprise Resource Planning (ERP) solution.

Accounts Payable 68

Accounts Payable Financial Analysis B2B Technology 68

Future CFO

SEPTEMBER 21, 2023

However, we may belittle it as a product of the late 70s technology, the spreadsheet remains a preferred first tool for organising ideas into some order – whether it is a list of people attending an event or expenses. What to do if you can't stop spreadsheet use Likely, the use of spreadsheets will continue.

Financial Planning and Analysis (FP&A) 98

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

Centage

MARCH 21, 2023

What were some of the budgeting challenges you were facing? The annual process of consolidating spreadsheets and uploading them into our ERP system for reporting was becoming too time consuming and error prone. What were you looking for in a budgeting and planning solution? It was just a very manual process.

Budgeting 52

Budgeting Planning CFO Forecasting 52

Future CFO

MAY 26, 2022

The problem is that most subsidiary businesses have enough independence to decide on what tools and technologies they can use to support their business. The lack of integration among systems, for example, ERPs, was cited by 58% as resulting in a loss of detailed supporting information.

Mergers and Acquisitions (M&A) 98

Mergers and Acquisitions (M&A) Accounting Foreign Exchange Compliance 98

PYMNTS

DECEMBER 2, 2020

Aquilina told PYMNTS that a lot of people in financial services are talking about bridging what he termed the AP to AR “chasm,” but “there are not enough people focusing on the lack of acceleration on the AR side to match the speed of acceleration on the AP side.”. Addressing The Chokepoints .

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

MARCH 11, 2020

The reconciliation process is traditionally viewed in the context of financial transactions: Does the value of a company payment match with what the company was billed, and what the company had purchased? It’s not necessarily a mistake.”. Payment Rail Confusion.

Reconciliations 56

Reconciliations Corporate Finance Finance Invoicing 56

The Finance Weekly

MARCH 5, 2024

We asked them straightforward questions to understand their actions within their domains over the past few years, including what worked well and what did not. This often involves replacing outdated ERP systems or implementing new cash management solutions. Question 5: What matters most? The Winners!

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Leverage Cash Management 52

Bramasol

DECEMBER 20, 2022

For example, rising prices can be a boon to some businesses by increasing their revenues for existing products and services. growth in data center systems. Although the US economy has rebounded slightly in Q3 to a GDP growth of 1.8% While unemployment rates remain stable at around 3.5% in the US and 6.6% Creating New Revenue Streams.

SAP 75

SAP Foreign Exchange Economics Budgeting 75

PYMNTS

NOVEMBER 19, 2020

As Canada gears up to launch its real-time payments system, the Real-Time Rail (RTR), Payments Canada , the entity at the head of the initiative, has announced that Mastercard -owned Vocalink has been chosen as the clearing and settlement solution provider for the new payment rail. Plus, blockchain makes new inroads in the B2B arena.

B2B 104

B2B Reconciliations Risk Management Compliance 104

Future CFO

JANUARY 3, 2021

Future CFO: Some surveys indicate that companies expedite their digital transformation during the current pandemic while the finance function is interested in tech like RPA and e-invoicing. What comes to our attention is the need for greater agility. FutureCFO: What are the concerns of CFOs when it comes to cloud adoption?

Planning 52

Planning CFO Communication Finance 52

PYMNTS

NOVEMBER 10, 2020

Some of the most promising offerings leverage artificial intelligence (AI), machine learning (ML) or other advanced technologies that can reduce capital management complications and address those that arise. Untold sums are lost due to these issues, leading businesses to develop or seek advanced technological solutions to fix them.

Accounts Payable 87

Accounts Payable Invoicing Treasury Sales 87

Future CFO

OCTOBER 15, 2020

Some have come far on the journey while others are still struggling. Let’s discuss what it takes to progress the transformation and overcome the significant hurdles that many companies are facing. The main problem is that large and/or older companies suffer from old legacy ERP systems. How could they change this?

Finance 52

Finance Problem Solving Reconciliations Investments 52

FISPAN

OCTOBER 20, 2021

But, there are some steps banks can take now to get the ball rolling. A dedicated team will need to ask tough questions, dig into why things aren’t working and what can be improved upon, and then develop a plan to get the bank to a better place. Over the years, Apple has spent a lot of energy on keeping its customers happy and engaged.

Banking 71

Banking Investments Accounting Planning 71

PYMNTS

OCTOBER 9, 2019

Enterprise content services provider Hyland is enhancing the integration of its OnBase ERP platform with SAP to strengthen accounts payable automation capabilities, the company said in a press release Tuesday (Oct.

SAP 46

SAP Accounts Payable Invoicing Accounting 46

CFO Share

APRIL 5, 2022

In some states, liability occurs for sales in arrears during that calendar year, regardless of whether they occurred before you triggered nexus.). Every state has different laws about what constitutes nexus, so a nexus study is best performed by a professional familiar with the most up-to-date regulations.

Sales 98

Sales Auditing Compliance Tax Planning 98

Spreadym

AUGUST 17, 2023

Alerts and Notifications : Some dashboards have the capability to set up automated alerts and notifications that trigger when certain predefined thresholds are met. Data Integration : Dashboards often pull data from various sources, such as accounting software, ERP systems, CRM systems, and other data repositories.

Financial Reporting 52

Financial Reporting CFO Cash Flow Forecasting Budgeting 52

PYMNTS

JANUARY 8, 2021

And while there were some issues related to customer payments — a common point of friction as many organizations could no longer work in the office to accept paper checks and other physical documents — Chana said those were the exception, rather than the rule. That's not to say the company didn't experience any changes from market disruption.

CFO 87

CFO B2B Communication Accounting 87

FISPAN

OCTOBER 27, 2021

Historically, financial institutions have made it difficult for people to open accounts elsewhere, and there wasn’t much of a differentiation between what banks offered anyway. People are much more knowledgeable about what they want from the companies they interact with and they’re not afraid to make a change. Here are three ideas.

Banking 72

Banking Accounting eCommerce Finance 72

Centage

JULY 19, 2023

However, many push back against upgrading their budgeting and forecasting systems. There are obstacles within the system that don’t perform well when compared to other options. Excel provides some helpful aspects, but it doesn’t give users enough of them. Using Excel for budgeting may be a workable solution.

Budgeting 52

Budgeting Financial Planning and Analysis (FP&A) Planning Forecasting 52

PYMNTS

MAY 22, 2020

Along the way, he added, what may have once been considered optional and interesting for Citi’s institutional clients – and, in particular, treasury departments – has become fundamental and critical. Therefore, we have to ensure that every part of the client journey is on some kind of a digital rail.”.

Treasury 93

Treasury Numbers Forecasting Leverage 93

PYMNTS

JANUARY 20, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021, " Frere shares three examples of how embedded B2B finance is already being utilized successfully in today's economy. Virtually all cloud-based subscription services use some form of embedded finance. But that is changing — slowly but surely.

B2C 70

B2C B2B Currencies Invoicing 70

PYMNTS

AUGUST 19, 2020

Coronavirus-triggered business disruption is “a prime example of an opportunity for us to take a different approach when we work with all of the constituents and highlight some of the advantages of payables that can be initiated from anywhere.” The competition is undoubtedly heating up. ” The Three Ps Of Differentiation.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127