Tag Archives: Process Improvement

Converting Data Into Insights: The Right Technology Alone is No Guarantee of Success

The fact that technology is playing an increasingly significant role in executing many traditional finance tasks while at the same time generating greater insights that drive business performance is irrefutable. However, even though many organizations are significantly investing in advanced data and analytics technologies, majority of these investments are reportedly yielding disappointing returns. This is… Read more »

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 »

Automation: The Key to Reducing Your Financial Close & Reporting Period

Ask any finance person what is it that they like less about their job, chances are that they will tell you it is closing the books at period-end. Why is this the case? For many finance functions, the financial close period (month-end, quarter-end and year-end) is one of their most stressful seasons. Emotions and tempers… Read more »

Getting Started On The Lean Journey

Lean management has been with us for so many years and organizations that have successfully embraced it have achieved superior business performance and competitive edge over their rivals. Predominantly used in manufacturing, today, Lean is being adopted across all industries such as healthcare, financial services, construction, tourism, government, customer service, software and insurance. Performance focused… Read more »