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Deal furthers mission to deliver powerful portfolio of enterprise software solutions for Office of the CFO; expands real-time financial reporting capabilities for top ERPs Sage and Viewpoint. The construction industry has been hit especially hard by the events of 2020, with spending in the US forecast to be down as much as 9 percent.
Although Microsoft’s rollout of its two ERP cloud products (D365 F&SCM, and for smaller businesses, D365 Business Central) has been going on for some time, the current climate of economic uncertainty has prompted a lot of companies to hit the pause button on migration, choosing instead to stay the course with their existing Dynamics AX systems.
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Finance teams that embrace this strategic imperative and equip themselves with the right tools will play a pivotal role, driving successful business results amid disruption and uncertainty. When the pandemic changed virtually everything in early 2020, business leaders were compelled to abruptly pivot to adjust to the new normal.
In 2020, bachelor’s degrees in accounting fell by 2.8% , and master’s degrees fell by 8.4%. Market uncertainty is another important factor explaining this decline. Oftentimes, you’ll need to quickly generate a report, but it gets held up in IT, which must prioritize other critical tasks before the team can address reports for Finance.
A 2020 US Tax Court decision, for example, found that Coca-Cola’s long-standing practices around cross-border intercompany charges had violated arm’s-length norms with respect to transfer pricing. Compliance costs are expected to be fairly significant, and uncertainty abounds. The learning curve may be steep.
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