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Documents related to » it efficient finance processes


Managing Risk through Financial Processes: Embedding Governance, Risk, and Compliance
Initiatives to automate and streamline financial processes often focus more on reducing costs than adding value. Adding the kind of value you should have in

it efficient finance processes  Processes to Extend | IT Efficient Finance Processes | IT Financial Processes Applications | IT Standardizes and Integrates Financial Processes | IT Organize Your Financial Processes | IT Finance Department Processes | IT Major Financial Processes | IT Financial Processes Deliver Transparency | IT Accelerates Financial Processes | IT Integrate Administrative and Financial Processes | IT Better Manage Financial Processes | IT Continuous Process Improvement | IT Process Improvement Qualifications | IT Read More...
The Renewed Finance Function: Extending Performance Management Beyond Finance
The role of the finance team has changed recently, due to increased oversight from regulators, more active investors, and company-specific changes in business

it efficient finance processes  have additional responsibility when it comes to imple- menting performance reporting and measurement appli- cations throughout the organization and in training operations on the functions of the finance team. Furthermore, companies evolving finance into a more strategic role must attract and retain better educated finance executives, because the skills needed in a strate- gic finance organization as counselor to functional and business unit leaders, collaborator with the CEO and the Board, and voice for Read More...
New Data Triggers for International Supply Chain Finance
Corporations have drastically changed their global supply chain models over a short period. The market is also in the early stages of migrating to data

it efficient finance processes  supply chain finance structure. It cannot be ignored and traditional products will not suffice. The time to start making the transition is now. About the Author David Gustin is managing partner of Global Business Intelligence, which specializes in international trade research, and works with importers, exporters, banks, insurers, transportation and logistic companies, and global trade vendors interested in international supply chain issues. Their most recent study, Beyond Counting Kilos and Boxes , was Read More...
Best-of-breed Approach to Finance and Accounting
CODA''s savvy accounting and financial offerings include budgeting, forecasting, scorecards, and tools that use Microsoft Excel spreadsheets collaboratively and

it efficient finance processes  still faces challenges as it must continue to defend its narrow finance specialist and best-of-breed approach against the larger-scale integrated enterprise systems offerings of giant vendors such as SAP , SSA Global , and Oracle . Like others in the highly volatile mid-range financials sector, such as Epicor Software / Scala , Lawson Software (which does not include Intentia , yet), Deltek Systems , Exact Software , Systems Union , Unit4 Agresso , Open Accounting , or QSP , CODA must overcome the Read More...
Best Practices in Creating a Strategic Finance Function
Many chief financial officers (CFOs) have started to take on new strategic roles. Their goals are to enforce stricter controls to ensure legal and regulatory

it efficient finance processes  over time. MORE EFFECTIVE IT LEADS TO MORE EFFICIENT FINANCE FUNCTIONS APQC''s OSBC research reaffirmed that more effective use of technology helps companies achieve greater levels of efficiency and gradually frees up personnel for more strategic tasks requiring more thought and managerial capacity. First, the OSBC research showed that companies with a higher degree of automation have lower overall finance costs. Companies that had automated more than 66% of their finance processes had average finance Read More...
On-demand IT Asset Management: What It Is, Why You Need It, and How You Can Benefit.
You probably know that managing your IT assets and infrastructure is becoming increasingly more complex, as your company operates on a broader, more global

it efficient finance processes  demand IT Asset Management: What It Is, Why You Need It, and How You Can Benefit. Knowing which IT assets you have and how they are used has become a challenge in today''s complex and ever evolving IT infrastructure. Source : SAManage Resources Related to On-demand IT Asset Management: What It Is, Why You Need It, and How You Can Benefit. : IT Asset Management (ITAM) (Wikipedia) On-demand IT Asset Management: What It Is, Why You Need It, and How You Can Benefit. Asset Management is also known as : Read More...
The Case for Integrated Processes
Most chief executive officers (CEOs) have developed strategies that push their companies to achieve certain goals. So why are so many companies failing to

it efficient finance processes  20th-century organizational processes and IT systems. The missing ingredient: information. It''s information that helps increase speed and productivity, creates a stronger foundation for decision making, cuts out time spent on unproductive tasks, and, over time, produces more efficiency, tighter cost control, and a more effective climate of innovation. The truth is that integrated processes hold the key by facilitating the flow of that information. Integrated processes provide information access to end Read More...
IT Management for Small Businesses: Using Third Parties to Help Take the Strain
Small to medium businesses (SMBs) face the same challenges as large businesses when it comes to IT management—they have increasingly complex systems they rely

it efficient finance processes  as large businesses when it comes to IT management—they have increasingly complex systems they rely on to drive their businesses and gain a competitive advantage. Operating and maintaining a complex IT infrastructure requires specific skills, but getting the right staff at an affordable price can be a problem. Outsourcing IT management may help to ease the strain. Read More...
Bridging the IT Talent Gap
Recruiting IT talent to insurance companies has never been easy@but today, demographic pressures make the task of IT staffing even harder, as IT professionals

it efficient finance processes  the IT Talent Gap Recruiting IT talent to insurance companies has never been easy—but today, demographic pressures make the task of IT staffing even harder, as IT professionals retire and fewer new graduates become available to fill the positions. IT outsourcing may not offer the help you seek. To make sure your company can survive and prosper, learn how to find ways to hire qualified IT staff, and keep the IT staff you already have. Read More...
Cutting IT and Application Support Costs
With budgets under pressure companies must look at ways to reduce IT costs. User support is a prime candidate for scrutiny, because it takes up a significant

it efficient finance processes  IT and Application Support Costs With budgets under pressure companies must look at ways to reduce IT costs. User support is a prime candidate for scrutiny, because it takes up a significant proportion of the budget. Putting in place a coherent, adaptable learning culture helps to ensure your support costs are minimized and employees remain productive. But there is no one-size-fits-all model. To achieve maximum impact at minimum cost, a variety of tools and approaches aligned overall with company Read More...
IT Service Management-A Road Map for Success
Although information technology service management (ITSM) is not a new discipline, many organizations have yet to adopt it as a part of their IT service

it efficient finance processes  have yet to adopt it as a part of their IT service improvement strategy. To be successful, businesses must start by building a custom road map. Read about how focusing on long-term, strategic objectives—including a realized return on investment (ROI)—can greatly improve your IT service delivery and support. Read More...
Compliance, Not Conflict: From IT Security vs. IT Operations,
It’s an inescapable, undisputable fact that most organizations have conflict between IT security and IT operations. Having been given two distinctive—yet

it efficient finance processes  Not Conflict: From IT Security vs. IT Operations, It’s an inescapable, undisputable fact that most organizations have conflict between IT security and IT operations. Having been given two distinctive—yet potentially contradictory—goals, in a sense they were destined to be at odds with one another. What does it take to bridge the gap between these two teams to achieve compliance? Can standardized processes and software tools help (or hinder) this effort? Find out here. Read More...
Lawson Opportunity Analyzer: Managing Processes with a Purpose
Business strategy execution requires the control and automation of complex processes, and the ability to quickly analyze data relevant to the enterprise

it efficient finance processes  Opportunity Analyzer: Managing Processes with a Purpose Business strategy execution requires the control and automation of complex processes, and the ability to quickly analyze data relevant to the enterprise. Companies have to address these processes in a responsive, flexible way. However, this cannot be achieved simply by optimizing local activities. Multiple activities from different departments must be synchronized, toward the overall goal of increasing organizational profitability. Read More...
Why Are You Afraid of (Re) Defining Business Processes?
We all are—except consultants who praise the importance of business processes, but sometimes don’t practice what they preach. Business processes can be simply

it efficient finance processes  always done rather than it being a way to work more efficiently. There are a few very good reasons that make people afraid of changing the way they do their business processes. Let’s take a look at some of them: Accountability : Well defined business processes allow managers to know who did what and when. Wisely used, this is a great way to improve everyone’s work. But, since we’re all human—and therefore far from being perfect—we often tend to abuse the power we’re given. This is what people Read More...
The Consumer IT Revolution
With the consumerization of information technology (IT), employees are bringing insights and experiences into the workplace, sharing pioneering technology, and

it efficient finance processes  Consumer IT Revolution With the consumerization of information technology (IT), employees are bringing insights and experiences into the workplace, sharing pioneering technology, and driving business innovation. This report based on a survey of 100 global C-level executives delves into various aspects of the consumer IT revolution. The study findings indicate that it is having a positive impact on both businesses (employers) and internal consumers (employees). Read More...

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