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 […]
Posts Tagged ‘office of finance’
Mission Control for a Seamless Financial Close Process
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 […]
Unveiling the Power of a World-Class FP&A Process
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 […]
Real Insights to Future Business Performance Requires Performance Intelligence Solutions
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, […]
Unlocking Success: The Benefits of a Corporate Performance Management Solution
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, […]
Why Include Exception-Based Reporting in Overall Business Reporting?
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 […]
Capital Expenditure Planning, Art and Science
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, […]
Automate the Office of Finance with Corporate Performance Management
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 […]
Upcoming Webinar: Deliver Data You Can Trust
Making informed business decisions requires quick and easy access to timely and trusted data. CFOs, VPs, and leaders in finance have access to a vast amount of data that can help make business decisions that grow the organization. Data is one of the most valuable and powerful tools in leaders’ toolboxes, but many find that […]
Common Challenges in FP&A in Healthcare Organizations
The global pandemic has changed the face of the world. One of the biggest industries that has been at the forefront of this pandemic is healthcare. And the focus is not just on patient care, providers, and the other support staff, but also the underlying business divisions that manage the day-to-day operations, especially finance. As […]
Finance Close Automation with Oracle
In large corporations today, the financial close process is time-consuming and has multiple process bottlenecks that are disconnected. Most large organizations have disparate transaction systems and databases that suffer from data integrity, data governance and a lack of integration which makes the financial close process an exercise in reconciliation and data validation with less focus […]
Modernize Accounting and Reap the Benefits with a Faster Period Close
Even those of us that don’t work for the office of finance know that anything that can be done to speed the close process is worth a closer look. My colleague, Matt Hopkins, delivered a great webinar on this topic earlier this month – Shorten the Period-Close and Pivot from Collecting Data to Analysis. This […]