This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Most customers running Microsoft Dynamics AX are acutely aware that at some point in the future, they will need to make the leap to Microsoft Dynamics 365 Finance & Supply Chain Management (D365 F&SCM). Most of all, finance teams need increased visibility to inventory and the supply chain.
He explains that automation and innovation have become critical as the world experiences supply chain disruptions, inflation, extreme weather events, worker shortages, and uncertainty. However, analysts say that 30% of digital transformation projects fail to deliver on their expected outcomes due to fragmentation in existing systems.
Speaking at Mobile World Congress 2024 in Barcelona, Jason Cao, Huawei’s CEO of Digital Finance BU, acknowledged that digital financial services are “booming” and that the rise of open architecture as well as emerging technologies like generative AI will have an impact on key fields in the industry such as financial engagement and credit loans. “All
Here’s what she learned: These pain points around data all result from not having a modern data culture. It’s also the mechanism that brings data consumers and data producers closer together. As we modernize our core banking platforms, the data goes with that modernization journey.” Invest in automation.
Financial reporting, operational reporting, financial planning and analysis—there’s no shortage of work for finance teams to do as organizations continue to adjust to the new economic realities that the pandemic thrust upon the world stage in 2020. As organizational priorities shift, so too do the priorities of finance teams.
That’s encouraging for finance leaders who want their teams to be involved in value-adding activities like detailed forecasting, competitor analysis, and advising business units on strategies to maximize revenue and profitability. Finally, reimagine the finance operating model so that it fosters new skills and capabilities.”.
There’s no doubt that Finance is one of the most critical and challenging sectors to work in. 2023 has been a unique year for Finance–although organizations celebrated recovery from the COVID-19 pandemic last year, their celebrations were short-lived. Counter-intuitively, reduced budgets often mean more work for finance teams.
Next year, finance teams utilizing SAP will face unparalleled pressure due to a confluence of economic challenges. These adversities heighten the necessity for finance professionals to adeptly translate raw data into strategic guidance. The same report found that recently a new set of obstacles has emerged for finance teams.
Finance professionals often stick to proven methods, understanding that disrupting established systems can jeopardize time-sensitive financial processes. How do you embrace finance transformation without downtime or a steep learning curve? Here, we discuss three ways to smoothly transform your finance strategy.
Gone are the days of finance sitting comfortably in the back seat. Here, we discuss three ways finance teams can cope with constant changes to the supply chain. Here, we discuss three ways finance teams can cope with constant changes to the supply chain. Break Down Finance Silos with a Single Version of Truth.
To find out more about the state of Finance in 2023, insightsoftware partnered with Hanover Research to survey accounting and finance decision-makers on the most pressing trends of the year. Here, we discuss how factors like market uncertainty and IT dependence impact finance teams throughout EMEA.
The 2020s have been a decade marked by uncertainty. The uncertainty we’ve faced these past few years doesn’t appear to be going away anytime soon, and businesses need to be able to not only respond quickly to change, but to actively plan for it.
Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. Get a Demo See how companies are getting live data from their ERP into Excel, and closing their books 4 days faster every month. trillion worldwide by 2030.
The strain is especially palpable for finance professionals in the construction industry. Coping with Skills Shortages In 2023, the outlook for skills shortages for finance professionals is bleak. When it comes to hiring skilled finance teams, leaders are struggling to find new talent to replace recent retirees.
Today’s finance teams are under more pressure than ever before. Finance is responsible for knowing where their business stands today, and also for mapping out the road ahead. Finance departments must guide their organizations into the future, even as the ground continues to shift beneath their feet.
Healthy finances are the backbone of every successful operation. It means that a large portion of assets are financed by debt, which implies a higher rate of return for the owners but creates uncertainty around returns to shareholders. Financial Logistics KPI Examples. And logistics is no exception.
It involves projecting the future cash receipts and payments based on historical balance sheet data, current financial information, and anticipated changes in business operations and financing activities. The good news is that downloadable templates and automation software can ease the cash flow forecasting process.
Read any overview of how the finance and accounting function is changing, and you will notice several common themes. Three of the most important of these are: cloud migration, data standardization, and interoperability. The aim of technology in finance is to remove friction. Implications for Tax Teams.
If you are continually juggling finances to make sure you keep enough money in the bank, your profit margins may be too slim. It can also lead you to the conclusion that you may need extra financing to expand. Cash Flows From Financing. For instance, you just generated a huge sale from a new client. Download Now.
In a fast-moving world where virtually every business is struggling to meet customer demand amid supply-chain uncertainty, rapid delivery times are more important than ever. If a large number of returns came about due to a defective product, then you may have some serious quality issues. #8. On-Time Delivery.
The last couple of years have been volatile for the finance industry. Runaway inflation, rising interest rates, and recent bank failures have finance leaders on edge and looking for ways to shore up their defenses as recession becomes more likely. Increased organizational agility and flexibility.
How can your finance team transform the way it works and add strategic value to your organization? Today’s finance teams typically spend too much time creating reports against their EPM data instead of performing analysis. Very often, finance teams must struggle with multiple sources of data. Download Now.
Finance teams are no strangers to pressure. Inflation, economic uncertainty, and swiftly-changing regulations significantly impact finance professionals. Every organization has roadblocks like budgetary restraints, data limitations, and clunky, manual processes.
If any one word could encapsulate 2023, it would be “uncertainty.” For most of the year, finance teams have been preparing for a recession that never quite reached the heights (or depths) heralded by the media. Finance leaders are excited about the productivity gains GenAI can provide but also wary of potential security risks.
Market turbulence can dramatically influence the complexity of year-end disclosure processes for the finance team. Uncertainties in supply chains and operational disruptions, caused by global events, can affect the assessment of risks and uncertainties.
Amid the uncertainty arising from the COVID-19 crisis, many business leaders sought to understand the potential impact of customer credit defaults and limited liquidity on their future cash flows. This has the potential to break down silos and eliminate much of the manual effort required to bring together data from multiple sources.
With the coming rollout of the OECD’s action plan on Base Erosion and Profit Shifting (BEPS) in over 130 countries, there are big changes looming, and today’s investments in multinational tax reporting and transfer pricing software will pay big dividends as finance teams step up to meet the challenge of shifting to the new paradigm.
It began with the arrival on scene of a pandemic, but has since been followed by ongoing supply chain uncertainty, price volatility, and disruption to the workforce. Change is inevitable, and budgeting methodologies that can easily accommodate variability can be an asset during times of particular uncertainty.
Given the relative scarcity of finance talent these days and the power of technology to help organize and streamline these processes, it makes more sense than ever to take a fresh look at the way you perform planning, budgeting, and forecasting. Driver-Based Budgeting and Planning: A Guide for Finance Teams. Access Resource.
Businesses around the globe are struggling to do more with less as budgets tighten, uncertainty looms, and talented workers can be scarce. At the same time, the finance function is emerging as a strategic pillar in many organizations. However, there is a downside; each system, operating independently, constitutes a data silo.
While Sage Intacct’s native reporting capabilities provide a strong foundation, finance teams often face limitations when tackling complex analyses or navigating evolving information needs. Spreadsheet Server connects seamlessly with Sage Intacct, enhancing your Excel reporting with real-time data.
But when you work in finance, it’s a different story. Organizations need the ability to efficiently plan for uncertainty and respond to these fluctuations in the market. What If” Scenario Planning is an Essential Modern Finance Capability. Thinking about what ifs is actually key to a successful budgeting and planning process.
Already harnessing the abilities of the cloud, Sage Intacct users enjoy multidimensional analysis capabilities for a bird’s eye view of operational and financial data. According to a recent study by insightsoftware and Hanover Research , 70% of finance professionals feel pressure from inflation, economic disruption, and recession.
Much has been written in recent months about the difficulty that certified public accountant (CPA) firms and corporate finance departments are having as they search for qualified employees with adequate experience. Many of the baby boomers employed in finance have already left. Where Finance Meets Technology. Access Resource.
Factory shutdowns, shipping bottlenecks, and shortages of raw materials have led to substantial uncertainty for businesses seeking to address the vicissitudes of supply-side availability. Driver-Based Budgeting and Planning: A Guide for Finance Teams. In many cases, you’re not just losing an individual sale–you’re losing the customer.
What has been made clear is that in times of uncertainty, organizations require effective cash management and cash visibility to help enable corporate strategies. Finance teams are looking for more ways to reduce manual processes and speed up routine tasks like month-end close. insightsoftware partnered with?
What has been made clear is that in times of uncertainty, organizations require effective cash management and cash visibility to help enable corporate strategies. Finance teams are looking for more ways to reduce manual processes and speed up routine tasks like month-end close. insightsoftware partnered with?
It’s critical, therefore, that corporate finance teams get ahead of the challenge by familiarizing themselves with BEPS compliance and putting good tax reporting solutions in place now that will put them on the right track for when the new rules take effect. Compliance costs are expected to be fairly significant, and uncertainty abounds.
Finance and Human Resources must work together to understand staffing requirements, including the number of people required vs. how many are currently on staff and projected employee turnover. Assess Your Current Workforce. In many industries, like construction and hospitality, companies must be capable of scaling up or down quickly.
Many CFOs spend their time dealing with the business-as-usual finance tasks and putting out fires. That is because when Finance teams spend too much time trying to manage, analyze and understand their data, this takes critical time away from strategic planning. Powerful Tools.
The next few years will be a pivotal time for finance departments at multinational companies. Other elements of change include IFRS 16/17 and parallel modifications to lease accounting under US GAAP, political uncertainty, a push toward higher tax rates and increased enforcement, and rising inflation.
Entrusting your sensitive data to a cloud environment can be a leap of faith. The cloud offers numerous benefits, including scalability, flexibility, and cost savings, but the uncertainty surrounding data security protocols and potential vulnerabilities can cause hesitation.
W ith a n advanced operational reporting solution that delivers proper data analysis , you can put your best foot forward. Your supply chains are under constant pressure, and this can make it hard to drive efficiencies that meaningfully impact your carbon footprint.
With inflation squeezing payrolls and traditional stock options losing their luster, ESPPs provide a tangible opportunity for employees to share in company success and hedge against financial uncertainties. But here’s the catch: not all ESPPs are created equal.
We organize all of the trending information in your field so you don't have to. Join 42,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content