Financial analysis dates back centuries, at least to the codification of double-entry bookkeeping in the 15th century. The analysis of balance sheets and income statements has long served as the basis of credit and lending decisions.
The discipline of management accounting developed in the early 20th century as a way of using accounting data to keep corporate executives and managers informed about what happened or is happening and why.
Blog Topics: Financial consolidation, planning and reporting, Financial Accounting Management Software
In today’s ‘VUCA’ world—characterised by volatility, uncertainty, complexity and ambiguity— it is becoming harder and harder to get right. As discontinuity becomes the norm and the most established business models come under threat, business leaders may need to adapt their models or develop new ones. How can organisations achieve sustainable success in a constantly changing environment with management accounting?
Read more: Why does your business need an accounting software?
Blog Topics: CFOs, Financial Accounting Management Software
More and more companies are coming to realise that sustainability performance management (SPM) can create and protect their businesses’ long-term value. Thus, defining the link between sustainability and business performance becomes critical in business management, especially in financial aspects.
Blog Topics: Financial Accounting Management Software
As the world is heading towards an uncertain future, businesses can expect some unexpected events along the way. Therefore, agility needs to be embedded in every business process, including corporate financial planning.
Blog Topics: CFOs, Financial consolidation, planning and reporting, Enterprise Performance Management (EPM), Financial Accounting Management Software
Shortcomings associated with the traditional budgeting approach can undermine the true value of the process. Budgeting should be less cost-driven and more investment-based, i.e. all forecasted costs of a department should be attached to deliverables—the products and services that department delivers to other departments or to the clients. Doing so will make budget decisions investment decisions.
Blog Topics: CFOs, Financial Accounting Management Software
In today’s fast-moving world, companies have to juggle multiple priorities when managing their business, such as overseeing financials transactions, measuring corporate performance, attesting financial reports, timely closing and consolidating financial data. Thus, it is no surprise that CFOs are always aiming to close books and comply with regulations faster and more efficiently.
Blog Topics: Planning and Budgeting, Financial consolidation, planning and reporting, Financial Accounting Management Software
In the era of economic changes, it cannot be denied that the role of finance professionals has become more and more important. Financial constraints have created a host of issues, such as greater risks of layoffs, intense competition to stay in the market and headaches in delivering efficiency while driving down costs.
Blog Topics: Financial Accounting Management Software
The Seventh-day Adventist Church’s objective was to find a flexible financial solution for use in a nonprofit setting in more than 1,500 sites around the world, and to stay up-to-date with current platforms, operating systems, and databases.
Blog Topics: Financial Accounting Management Software, Infor SunSystems
Companies spend millions of dollars developing and documenting their processes, policies, and controls, yet have little visibility into whether they’re being followed. With thousands of transactions to screen and systems being accessed by hundreds or thousands of employees whose statuses change daily, the process of monitoring for breaches—either accidental or intentional—can be both expensive and overwhelming. A strategic and automated approach is, therefore, essential.
Blog Topics: CFOs, Financial Accounting Management Software
In a more digitalised world, the finance leaders are expected to be forward-looking, evolved from their traditional role to provide data-driven analysis and insights. However, in reality, many CFOs still find it is difficult to keep up with the development, and therefore, is unable to deliver deep insights to support the risk management to spot new opportunities, weather economic shocks and volatility.
In July, Workday released its global “Finance Redefined” study, conducted by Longitude, which surveyed more than 670 finance leaders across the Americas, Europe, Asia Pacific, and South Africa to get their vision and strategy on the future of the finance function and finance leadership.
Blog Topics: CFOs, Financial Accounting Management Software
Rick Yvanovich
/Founder & CEO/
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