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.
A global survey by EY, which gathered data from 1,000 finance executives in businesses with revenue greater than US$500 million, finds that the level of CFO’s confidence in their corporate reporting is significantly lower than last year.
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.
In today’s business world, making sound strategic decisions is increasingly difficult, not least because of the current VUCA - volatility, uncertainty, complexity and ambiguity. Traditional decision-making frameworks can no longer provide the levels of effectiveness and responsiveness organisations need. What can business leaders do to make quicker, better strategic decisions?
Financial Data must be protected from unauthorised access to safeguard the privacy and cyber security of an individual or organisation. Therefore, this is one of the biggest concern of companies wanting to protect their financial information. For businesses who are using SunSystems Cloud, TRG has already provided the optimal solutions in order to keep financial data safe from theft or data leakage. So what are those solutions that TRG has deployed?
No sooner had the US software publishers started venturing out into the international markets in the early 1980s than the need for software localisation arose. Microsoft, for example, opened its office in Japan in 1978 and expanded their business into Europe in 1979. Unsurprisingly, the significance of localisation at that time was not fully appreciated. When Microsoft introduced Multiplan (predecessor of Excel) to the Japanese market, they asked their distributor to localise the software into Japanese. According to a Microsoft executive, all they did was to “…turn over the source code library to the folks in Japan, wish them luck and go on vacation.”1 As it turns out, localisation has become indispensable for any software publisher’s commercial success. Sometimes, however, it is the initiative of the distributor that makes localisation possible, as in the case of Infor SunSystems in the Vietnam market.
Companies used to rely on tangible, physical assets like factories, estates, and equipment to create value. In today’s globalised business, intangible assets such as brand values, intellectual properties, data, human capital, and customer capital have become the key value drivers for businesses. Finance professionals, however, still find it difficult to manage such assets.