Office of Finance

It’s 1099 season – is your ERP ready? It only takes a few simple steps to verify your data and make sure you are fully prepared to meet the IRS deadline to publish your 1099’s. Step 1: Validate that your “Reporting Entities” are setup, and that they have assigned “Balancing Segments”.   A reporting entity contains […]

The buzz around AI’s potential to save time and boost efficiency has led many companies to quickly implement it in the workplace. While administrative functions like HR, legal, and procurement were early adopters, finance initially lagged behind. However, that’s no longer the case. “The adoption of finance AI by finance functions has increased significantly in […]

Artificial intelligence (AI) is transforming the way businesses operate across various domains and functions. From retailers improving their customer experience to marketers finding time and cost savings with generated content, we believe that AI has the power to improve organizations of industries. One of the areas where AI can have a significant impact is financial […]

ERP | Enterprise Resource Planning Migration to the Cloud – July 2023 Go Live! Ryman Hospitality Properties, Inc. (NYSE: RHP) Business Challenge + Opportunity Migrate existing footprint and well-established business processes from Oracle EBS and NetSuite financials into Oracle ERP Cloud (Fusion), with over 500 custom reports written across different tool sets (FSGs, Discoverer, GL Wand, […]

In the world of finance and accounting, the close process is like a meticulously choreographed dance. It requires precision, coordination, and control to ensure financial data accuracy and compliance. To achieve this, organizations are turning to Corporate Performance Management (CPM) technologies, which function as the mission control center for their financial close processes. In this […]

Gaining operational excellence through Corporate Performance Management (CPM) involves a strategic approach to managing and optimizing various aspects of your organization’s performance. CPM encompasses processes, methodologies, and software tools that help align business activities with your goals, monitor performance, and make data-driven decisions. Here are some key pointers that will aid you in achieving operational […]

Have you ever wondered what makes some companies stand out from the rest when it comes to Financial Planning and Analysis (FP&A)? In today’s rapidly evolving business landscape, having a world-class FP&A process can be a game-changer for organizations. But what exactly does it mean? In this blog, we will demystify FP&A by breaking down […]

Without insights into future performance, businesses risk stagnation or failure. In today’s competitive global markets, businesses must understand current profitability, predict financial performance, and model scenarios aimed at optimizing future growth and performance.    Gaining Insight with AI While baseline financials quantify profitability, they often do not provide key insights into what is driving sales, margin, […]

In today’s dynamic and competitive business landscape, organizations strive to achieve optimal performance and drive growth. To stay ahead of the curve, businesses need a comprehensive and efficient system to manage and enhance their performance. Enter Corporate Performance Management (CPM) solutions—a powerful tool that empowers organizations to align their strategies, measure progress, make data-driven decisions, […]

Business losses come in many forms, but they are a constant for most businesses. Many companies struggle to manage losses, whether internal or external. However, exception-based reporting is one tool to help businesses quickly find and eliminate sources of risk and loss.  Today’s Finance departments are often focused on monthly profit & loss statements with […]

In today’s inflationary business landscape, using funds for Capital Expenditures requires a cautious posture. Optimizing how well capital is planned and allocated is a crucial driver of shareholder value and competitive advantage. It is part art and part science, a complex process to master in the office of finance. The science may be straightforward; however, […]

Financial leaders have access to a vast amount of data to help make business decisions that grow their organization. Data is one of the most valuable and powerful tools in a leader’s arsenal. However, many leaders find that they cannot trust their data due to a variety of reasons, including: Multiple legacy systems​, including multiple […]