Category: 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 […]

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 […]

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 […]

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 […]

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 […]

3 Common Pitfalls of Performance Reporting and How to Avoid Them

Recently I met up with a close friend of mine whom I hadn’t seen in a couple of years for a chat and catching up. He is a qualified accountant and finance professional working in the financial services industry in Zimbabwe. On top of the social chatter, we started discussing the evolving role of finance, […]

Finance Should No Longer Maintain the Status Quo

The world around us has significantly changed and the rate at which this change is happening is terrifying. Established business models are under attack and subject to rapid displacement. Digitization, increased regulatory demands, advanced technologies, the emergence of new business models, rapidly changing risk landscape and new challenges from global competition are all disrupting businesses […]

How Finance Can Help Improve the Company’s Operating Performance

Today’s CFO is more than a numbers person. In addition to fulfilling the traditional oversight function, the finance executive is also now a key business performance manager mandated to achieve operational excellence. He or she has to make sure that the business is getting the operations right the first time and meeting operating targets – […]

The Finance Function: A Business Growth Partner or Detractor?

Finance is increasingly taking an important role as the business partner. Thanks to digital and technology advancements, CFOs and their teams are now able to expand expectations beyond the traditional accounting and compliance functions. Routine finance and accounting activities are now automated thereby freeing up more time for finance executives to spend on strategic issues. […]

Raising the Internal Profile for Finance

Businesses today are operating in an increasingly complex, volatile, uncertain and competitive environment. To cope with these challenges, organizations are increasingly calling on their finance teams to move beyond their traditional role of historical performance reporting and start providing more forward-looking decision support. In the past, businesses have focused more on lean accounting practices to […]

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