Category Archives: Performance Improvement

Reimagining Business Processes in an Era of Cognitive Technologies

For years, the focus of many organizations has been on standardizing and automating existing business processes to achieve significant gains in efficiencies. Within the office of finance, mundane transactional processes such as order-to-cash, procure-to-pay and record-to-report have been the epitome of standardization and automation. As a result, a number of finance and accounting professionals have… Read more »

Challenge of Finance Best Practices and What CFOs Should Do About It

The modern CFO is touted as the right hand man of the CEO, providing strategic and operational decision support. No longer is the CFO only responsible for preparing and interpreting financial statements based on historical accounting data, but also for taking a holistic view of business performance and helping the organization move forward. Thanks to… Read more »

A Practical Approach to Using Artificial Intelligence for CFOs – Part III

Part III Where to Invest in AI, How to Measure the Financial Impact and Select Projects If you haven’t had a chance to read Part I – Leveraging AI in the CFO Suite and Part II – The Benefits of AI and What You Will Need to Make It a Success yet, please do so before continuing on. Where… Read more »

A Practical Approach to Using Artificial Intelligence for CFOs – Part II

Part II The Benefits of AI and What You Will Need to Make It a Success If you haven’t had a chance to read Part I – Leveraging AI in the CFO Suite yet, please do so before continuing on. Potential Benefits of AI for Finance The potential applications of AI are varied and being considered in… Read more »

3 Reasons Why Finance Should Adopt Lean Principles and Tools

There is a lot of discussion on what the Finance function must do in order to become an enabler to the business and remain relevant in today’s increasingly complex business environment. From business partnering to leveraging new technologies, streamlining processes, retraining and coaching Finance teams to focus on the higher-value-add activities, and dynamically shaping the… Read more »