Going forward, CFOs will continue to implement processes and systems to reduce the overall cost of financial reporting while improving accuracy, visibility of data beyond the general ledger, and accessibility at all levels of the organization.
In addition, there will continue to be greater demand for more advanced dynamic reporting — including enhanced cost and profitability reporting, rolling forecasts, and zero-based budgeting — in an environment finance teams are comfortable with, such as Excel, so they can work more efficiently.
Humans excel at tasks that require creativity, the opportunity to respond to the unexpected, and general attentiveness to the surrounding environment. Technology and machines, on the other hand, are built to process a lot of information quickly without getting bored; technology reliably completes the task it is assigned without deviation. The most powerful approach to adding technology to a team takes the strengths of both humans and technology into account and from that, creates a superior, collaborative system. For example, reporting software such as Spreadsheet Server and Atlas for Dynamics AX/365 by Global Software, Inc. both serve as machine learning intelligence that uses automation to reduce errors, while at the same time preserving humans’ ability to create reports and outcomes from the data the way they need to see it.
Never has so much pressure fallen on the shoulders of finance to be timely and credible with the reporting of financial results. Ninety percent of financial executives report feeling pressured to close the books faster, according to a recent Adra Match study. This burden is driven by the needs of managers who have less time than ever before to make important tactical decisions.
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Despite recent advances in automated financial reporting tools, many CFOs still rely heavily on static spreadsheets for producing financial statements. As a result, finance leaders are often looking for ways to reduce the duplication of efforts and manual intervention in order to streamline the financial reporting process and improve the accuracy and agility of reporting.
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This white paper describes how ERP technology can improve efficiency by:
• Standardizing and automating business processes—locally as well as across multiple locations and countries—to accelerate business operations.
• Offering a fully integrated suite of business management applications that share a common dataset and extending these applications over the Internet, allowing visibility and collaboration across departments, as well as with customers, partners, suppliers, and remote users.
• Providing flexible and customizable reporting to improve business reporting, analysis,and insight.
Published By: Webroot UK
Published Date: Feb 04, 2013
This case study describes how one of the UK’s leading charities used the Webroot® Web Security Service to resolve problems with its existing Web security solution, which revolved mainly around administration and reporting. In addition, since the vast majority of Scope’s workers are mobile the organization needed a solution to protect them.
Published By: Workday
Published Date: Feb 13, 2019
Current and former finance practitioners share stories of how they met their daily challenges—from managing internal controls and the financial close to onboarding and reporting—with a single cloud-based system for finance. Watch the video.
Good analysis and benchmarking of hotline data helps organisations answer crucial questions about their ethics and compliance programme, including:
Does our culture support employees who raise concerns?
Are our communications with employees reaching the intended audiences and having the desired effect?
Are our investigations thorough and effective?
Do we need more training?
Do we need to review or update our policies?
Do employees know about our reporting channels?
Comparing internal data year over year to help answer these questions is important. But getting a broader perspective on how your performance matches up to industry norms is critical. This year’s analysis of our EMEA & APAC data from nearly 14,000 ethics and compliance hotline reports revealed key data points that compliance professionals can use to benchmark and assess their programme’s performance, and move toward predictive risk mitigation.
Published By: IBM APAC
Published Date: Mar 19, 2018
Finnish telecom giant DNA’s vision is to have the most satisfied customers. They achieve this with Flash storage by accelerating daily reports on customer preferences and making agile business decisions accordingly.
Read how they use IBM Flash Storage to cut its report processing by 66%, enabling it to provide the insights it needs to deliver the most relevant and valuable experiences to its subscribers.
Published By: BlackLine
Published Date: Jun 12, 2017
The last ten years have seen two seismic shifts for accounting and finance teams. First, the expectations of finance have changed: be more efficient and agile in an increasingly regulatory environment while also being more strategic. Secondly, a new wave of modern finance apps have arrived for core accounting, financial close, and planning and reporting, that are designed to automate more and analyze more.
Published By: StreamSets
Published Date: Feb 13, 2019
Enterprise analytics has quickly evolved from a centralized business intelligence function for historical reporting and dashboards to a democratized capability where anyone can access, analyze and act on all available information, often in real-time while employing advanced techniques. But the complex, dynamic and urgent nature of modern data analytics demands a new approach to data integration.
Des professionnels de la finance expliquent comment ils relèvent leurs défis quotidiens - de la gestion des contrôles internes à la clôture financière en passant par l'accueil et l'intégration de nouveaux collaborateurs et le reporting - avec un système financier unifié basé sur le Cloud. Voir la vidéo.
Compare your employee reporting metrics and measure your compliance programme & organisational culture against 4.5 million reports. Get answers to questions like: Are your employees likely to speak up? Are there reports of misconduct you’re missing? Does fear of retaliation encourage external reports?
NAVEX Global's key findings in the following areas:
Report allegation categories
Anonymous vs named reporting
Follow up and substantiation rates
Case closure times
Learn everything you need to create an effective whistleblowing reporting programme - from planning to implementing to measuring results - with our comprehensive guide.
What you'll learn:
How to define your goals and create a strategy
How to promote use of your whistleblowing hotline programme
How to monitor and improve your programme's effectiveness
Die maßgebliche Orientierungshilfe für das Incident-Management von NAVEX Global bietet praxisnahe Beispiele und Expertenratschläge zum Thema Incident-Reporting. Die kostenlose Orientierungshilfe erhalten Sie hier.
Was Sie lernen werden:
Wie Sie Ihre Ziele definieren und eine Strategie entwerfen können
Wie können Sie die Nutzung Ihres Incident-Management-Programms fördern?
Wie können Sie die Effektivität Ihres Programms überwachen und verbessern?
Published By: Solidcore
Published Date: Jan 07, 2008
This paper lays out the challenges with complying with SOX and suggests a radical solution: build a self-service, automated IT control framework in which all the information required to verify compliance is available in a single reporting system.
Evolving to the next level of IT effectiveness requires a new level of integration and analysis of cross-silo management information. This involves linking application status and root-cause information with infrastructure status and relating that to impact on IT service quality. Read this brief to learn how this approach to IT management can benefit your organization.
In the last few years, the demands on the finance department—from real-time reporting to global consolidation—have increased significantly. At the same time, the choices for accounting and financial software have become much more complex. How do you begin to research, evaluate, and select the right software for your business?
Download the 2015 Buyer's Guide to Accounting and Financial Software and discover:
• Why most financial software systems hinder your ability to get good financial information
• The six key questions you need to ask before considering a move to a cloud-based financial solution
• Why the process for evaluating software is different for cloud solutions – and the seven SLA must-haves you should get in writing
Get all the facts for a successful buying journey!
In this guide, written by and designed for CFOs and finance executives, you'll learn about specific actions that leading companies are taking to improve their performance by:
• Gaining control over deferred revenue and revenue recognition.
• Streamlining order management and the quote-to-cash process.
• Maximizing recurring revenue and automating billing and renewals.
• Improving cash and collections while decreasing churn.
• Speeding consolidation, reporting, and analysis across multiple business entities and currencies.
• Streamlining processes across your organization and reduce IT costs.
Please download the whitepaper to learn more.
If you need better reporting, more automation, tighter internal controls, and greater visibility into your operations, it may be time to switch to a new accounting system.
If you're like most small businesses, you've been using QuickBooks to manage your company's financials. It's well known. It's easy. It works. And it offers the functionality a business needs when it's starting out.
But if your business has moved beyond the entry level, you may find you're doing more outside of QuickBooks—which is affecting your organization's productivity.
If you need better reporting, more automation, tighter internal controls, and greater visibility into your operations, it may be time to switch to a new accounting system. How can you be sure?
Discover why now's the time to graduate to a new financial management and accounting system.
Read this white paper to learn the five essential questions CFOs should be asking their controllers. The discussion will enable you and your controller to jointly to establish best practices around:
Visibility and reporting
Learn how you can quickly and clearly capture, validate, quantify, and report on the appropriate outcome metrics. And learn how the right financial management solution will position your organization for greater efficiency, greater growth, and, ultimately, greater success.
Forward-thinking nonprofits are focusing on measuring outcomes. Download this white paper to discover:
• What outcome metrics are—and why you need them
• The differences between performance vs. outcomes
• Which metrics are most important to your organization
• How to get started (hint: gently)
SuccessFactors Employee Central is the premier core HR solution in the cloud for small and medium businesses. Benefit from a single, unified system of record so all your decision data is in one place. Take advantage of self-service HR for all your employees and managers, not just for your HR staff. Get all the reporting you need, when you need it, for deeper insight into your people and processes. Plus there’s IT-free operation and management for fewer upgrade hassles – and lower costs.
Credit Union Times is the nation's leading independent source for breaking news and analysis for credit union leaders. For more than 20 years, Credit Union Times has set the standard for editorial excellence and ethical, straight-forward reporting.