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Rick Yvanovich

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4 Deadly Sins of Financial Consolidation

Posted by Rick Yvanovich on

Despite its complexity, financial consolidation - the process of combinining and normalising financial data from different business units (entities) - is often still being performed by outdated tools. This problem is compounded by the fact that CFOs are facing growing reporting and compliance requirements on a global scale. 

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Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software

What to Look For in Workflow Automation Software

Posted by Rick Yvanovich on

In previous blog posts, we have discussed about why workflow automation software is a worthwhile investment as it frees up human resources, increases efficiency, reduces errors in both information gathering and overall processes, and reduces your overall costs.

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Topics: Enterprise Performance Management (EPM), Financial Accounting Management Software, Business Intelligence, Analytics

What to Look For In a Document Management System

Posted by Rick Yvanovich on

As we have explained in earlier blog posts, proper document management is a challenging but worthwhile practice. However, if you have decided to invest in a document management system (DMS), a whole new problem arises – Which one do you choose and what does such a system even need?

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Topics: Enterprise Performance Management (EPM), Financial Accounting Management Software, Business Intelligence, Analytics

5 Best Practices for Financial Planning In a VUCA World

Posted by Rick Yvanovich on

A typical finance professional spends the majority of his or her time collecting, validating, and administering data, leaving a tiny window for value-added analysis. CFOs demand forecasts to be accurate, timely, and relevant. Yet, the finance department struggles to satisfy such request. 

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Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software

Inforum 2019 - How Innovations Help Deliver On-Time, On-Budget Projects

Posted by Rick Yvanovich on

In his keynote at Inforum 2019, Infor CEO Kevin Samuelson reconfirmed the company’s commitment to delivering on-time and on-budget projects. Go-lives should not be the destination but the starting line where business problems get solved and values get created. How are Infor and its partners going to achieve that?

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Topics: Technology trends

5 Reasons to Invest in Workflow Automation

Posted by Rick Yvanovich on

Many businesses today are still relying on paper registers, massive spreadsheets and human resources to manage a lot of workflows in their business. Operations such as inventory reporting, sales approval and customer experiences that are managed manually will often result in many bottlenecks as operations become backlogged because of the sheer amount of data that needs to be catalogued and processes that need to be done. As a result of this, data is often lost or incomplete, and productivity and efficiency is reduced.

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Topics: Enterprise Performance Management (EPM), Business Intelligence, Analytics

How to Tell If Your Enterprise Needs a Document Management System

Posted by Rick Yvanovich on

Businesses across all industries have two things in common: they utilise documents and they create a lot of them. Documents are used for everything from sales reports to product development and end up being stored in all sorts of places, both digitally and physically.

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Topics: Enterprise Performance Management (EPM), Business Intelligence, Analytics

Get Productive with These 7 Tips for Document Management

Posted by Rick Yvanovich on

Document management is often an overlooked practice in your business, but did you know that according to research your employees can spend up to 20% of their time at work searching for information about the task they are currently doing?

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Topics: Enterprise Performance Management (EPM), Business Intelligence, Analytics

Is Financial Planning Still Relevant in a VUCA World?

Posted by Rick Yvanovich on

The past few years have been full of unexpected changes; we witness the rise and fall of cryptocurrency, GDPR, Brexit, the China-US trade war... combined with the lingering effects of the global financial crisis years ago. 

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Topics: Financial consolidation, planning and reporting

What Does the Future Hold for Financial Forecasting?

Posted by Rick Yvanovich on

As planning, budgeting and forecasting become indispensable strategic contributors, finance executives begin to realise the need to transform their rigid yearly financial planning by adopting more advanced (both on-premise and cloud-based) analytical tools. 71 per cent of organisations surveyed by FSN in 2017 has been able to reforecast more than twice a year, up from 56 per cent in the previous year, although the forecasting accuracy is still fairly low. 

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Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software, Cloud Computing, Analytics

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 Rick Yvanovich
 /Founder & CEO/

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