Digital transformation of the Office of Finance has been a recurring theme for several years, but adoption accelerated when offices were locked down and organizations had to collaborate remotely. It involves shifting manual work, often completed via spreadsheets circulating in emails, to software and systems for improved performance.
Read More
Topics:
Performance Management,
Office of Finance,
Digital transformation,
Digital Business,
digital finance
Managing corporate income taxes is a challenge for chief financial officers. Tax codes are often complex, so tax accounting as well as the data required for tax provisions and tax compliance are different enough from statutory accounting to create significant workloads for the tax department. Today, the worldwide trend to higher taxes and growing tax code complexity is increasing the payoff for digitizing an organization’s tax function.
Read More
Topics:
Office of Finance,
Financial Performance Management,
ERP and Continuous Accounting,
Revenue,
digital finance,
lease and tax accounting
Subscription management and billing services help organizations offer unique benefits and enhance delivery to customers. By making services more personalized, organizations can acquire – and retain – more customers.
Read More
Topics:
Sales,
Office of Finance,
Continuous Planning,
embedded analytics,
Analytics,
Business Intelligence,
Business Planning,
Product Information Management,
Digital Commerce,
Operations & Supply Chain,
Enterprise Resource Planning,
ERP and Continuous Accounting,
natural language processing,
revenue and lease accounting,
continuous supply chain,
Subscription Management,
partner management,
digital finance,
Process Mining,
Streaming Analytics,
supplier relationship management,
AI and Machine Learning
The challenges of the pandemic prevented auditors from visiting client offices, which led to widespread adoption of remote audit processes. Although there are outward similarities between a remote audit and a virtual audit, they aren’t the same. A remote audit uses technology to adapt the existing audit processes to an environment where in-person interactions are impossible. A virtual audit uses technology to redefine and streamline how auditors conduct an annual audit.
Read More
Topics:
Office of Finance,
Financial Performance Management,
ERP and Continuous Accounting,
digital finance
Irked by the need to account for every penny of his college expenses, poet Robert Frost penned the lines:
Read More
Topics:
Office of Finance,
Financial Performance Management,
ERP and Continuous Accounting,
digital finance
In the context of planning, budgeting and benchmarking, external data includes information about the world outside an organization such as economic and market statistics, competitors and customers. Today, a comprehensive set of external data is a “nice to have” item in most organizations, but that’s likely to change. External data is necessary for useful and accurate business-focused planning and budgeting, and for performance benchmarking. It is also essential for the effective applications of...
Read More
Topics:
Information Management,
Business Planning,
Financial Performance Management,
Predictive Planning,
digital finance,
AI and Machine Learning