Digital disruption has been creating new norms in the way organisations operate. In the era of Digital Transformation, CFOs are expected to look beyond their traditional roles to become an enterprise-wide strategist, an innovation and a change leader utilising technology and help drive the business. Adopting new digital tools is a must in order to further improve existing capabilities and the overall performance of the CFO.
In the last post, we discussed what aspects businesses must examine in their quest to buy the most suitable accounting software. Now let’s look at the criteria for the solution itself.
In this highly saturated software market, unless the compared solutions are in two completely different leagues, it is often hard to tell which accounting software is better than another, yet somehow the most suitable solution must still be found. Making the right choice can be divided into three aspects: your business, the software, and the software vendor.
The growing complexity of today’s business has forced many companies to rethink the traditional roles of C-level executives. In some cases, the roles of the CFO and the COO are combined. What are the implications of this phenomenon?
Speaking of CFOs, most people would only think of Finance specialists/ officers. However, top CFOs nowadays must go beyond their traditional roles and immerse themselves in the digital world. Technology is getting embedded deeper and deeper in every aspect of business operations, from the manufacturing stage to the financial side of any projects.
Enterprise performance management (EPM), not to be confused with employee performance management, is increasingly popular thanks to technology advancements. The solution provides powerful functionalities with real-time data consolidation, predictive analytics, cloud-based applications, and better yet, ease of use.
Electronic invoicing (e-invoicing) is the transmission, reception, and processing of digital transactional documents between suppliers and buyers. A true e-invoicing method should be entirely electronic in such a way that data from the supplier can be integrated directly into the buyer’s system.
Though lesser known among other software giants like SAP, Oracle and Microsoft, Infor has gained tremendous popularity by offering deep industry-specific applications and suites, cloud deployment and extremely user-friendly interfaces.
In the previous post, we examined the first three biggest Excel spreadsheet failures. In this post, we will go through the remaining four examples of why spreadsheets can become a finance professional’s worst nightmare.