Depressed demand and increased supply have caused oil prices to fall from over US$100 per barrel in July 2014 to $30 in February 2016. Even though prices have increased somewhat since then, with Brent reaching a five-month high of US$55.99 per barrel on September 15, many experts remain sceptical about the outlook of oil’s US$50-plus status1. Oil and gas companies, therefore, are bracing for an extended period of low oil prices.
Companies that are constantly trying to cut down on selling, general and administrative expenses (SG&A) may actually hurt their long-term competitive position. This perspective is highlighted in a recent study by the consulting firm CEB.
According to the Microsoft Security Intelligence Report for Second Half 2013, email was the fourth most commonly used transmission vector by malicious infection attempts on Microsoft computers during that period. This includes malware-infected emails and phishing emails.
Spreadsheet software like Microsoft Excel has long been indispensable to organisations thanks to its ubiquity, versatility, and ease of use. Such attributes, however, also make spreadsheets particularly susceptible to human errors, as demonstrated by the following cases.
How can a hotel chain whose properties are located in many different countries reliably provide its financial professionals with advanced forecasting and reporting capabilities around the clock and across multiple devices? Find out how Kempinski Hotels - the Europe’s oldest luxury hotel group – achieved such a feat.
For many organisations, cloud computing really is the question of “when” not “if”. There are significant advantages of the transition to the cloud, and not just from an IT perspective. The finance functions should be able to reap rewards from this trend as well.
The adoption of Financial Shared Services Centre has revolutionised the strategic roles of the finance function in global corporations by delivering more added value to other functions and processes via their analytics and decision-making capabilities. Such centres have evolved to not only focus on traditional tasks, such as costs reduction but also enhance organisations’ effectiveness and efficiency in many ways.
The consulting firm Protiviti and North Carolina State University’s Poole College of Management collected responses from 735 board members & finance executives about 30 risk issues that will likely have an impact on their companies in 2017.
Infor SunSystems is a comprehensive financial management solution combining technological innovations and usability with a depth of functionality achieved through decades of practical application. Not only does it deliver real-time financial and operational reporting and analysis; but it also helps businesses make better decisions and react quickly to potential issues with proactive alerting capabilities.