Corporate Finance

White Paper: Velosio

7 Habits of Highly Effective CFOs The days when the chief financial officer was primarily responsible for internal controls and compliance are long gone. While financial discipline remains critical, today’s CFOs have far more responsibility than their predecessors did, playing key roles in developing strategy, fostering innovation and driving growth. Skills to Lead Your Business Forward Read this business guide to learn more about the habits that effective CFOs use to meet the high expectations and demands of their ever-expanding role. Learn how these habits can be applied to the modern CFO: How to be proactive Begin with the end in mind Put first things first Seek to understand, then to be understood And many more!  

White Paper: Statement Matching

The purpose of this document is to discuss the benefits of supplier statement reconciliation and why Accounts Payable departments should be more proactive. The Challenge Accounts Payable resources are limited, so the priority is always to process invoices through to payment on time. Suppliers share the same priority and consume significant AP resources, following up invoice submission with queries to check invoices have been received and when they are going to get paid. Paying any suppliers late increases the workload in AP as suppliers submit duplicate invoices, further queries and ultimately disruption to the business if they put the account on stop. All of this leads to Accounts Payable being largely a reactive process, which makes it difficult to ever free up enough time to be more proactive and drive efficiencies as a result. Reconciling supplier statements is a key control that enables Accounts Payable to check if all invoices/credits have been received and if there are any errors on the ledger to resolve in order to pay suppliers accurately and on time. Reconciliations are all too often done on a reactive basis, on request by suppliers or when AP recognises a supplier account needs to be cleared. If Accounts Payable could routinely reconcile their top supplier accounts, proactively on a monthly basis, then all the errors would be resolved before they become an issue - More suppliers will be paid on time, queries and duplicates will reduce which improves relationships with suppliers and reduces workload in AP. The process of reconciling statements manually is very time consuming and it’s the first thing to suffer in a busy AP department, so we cannot reconcile anywhere near the volume of statements we should be doing. There is no visibility, audit trail or reporting to manage the process, so we don’t know how many or what types of errors there are, whether they have been followed up and what the next actions are. Automating the process would enable a much higher volumes of statements to be reconciled, significantly improve controls, proactively identify and resolve issues, reduce supplier queries and gain valuable insights into AP processes to identify where controls could be improved to fix root cause.  

White Paper: Basware

AUTOMATION ENABLES BUSINESS CONTINUITY In challenging times, a reliance on physical paper and manual processes significantly slows down the entire payables process, and in some situations makes it impossible to keep up with your normal business processes. But there’s a way you can minimize disruptions to your financial supply chain and day-to-day business. Automation. Automation does more than just speed up the process – it mitigates risk, supports a flexible and remote work environment, offers real-time insight into exactly where your business stands at all times, guarantees you can take care of your suppliers, and ultimately provides visibility no matter where you are or what’s happening in the world. To bounce back from today’s challenges without major economic fallout, businesses need data to not only make the right decisions but also make them quickly. We’ve now seen how critical it is to have visibility over your global supply chains for resilience and continuity to prevent shortages, ensure safety, maintain profitability, and future proof your business. In times like these, automation allows you to focus on what’s important – employee welfare, minimizing supply chain disruptions, and business continuity – instead of getting caught up in manual, repetitive processes. It’s about more than just making money – it’s also about ensuring the safety of your employees and protecting the supply chain.

White Paper: ServiceChannel

Facilities managers are tasked with all kinds of responsibilities, from ensuring the look and feel of a company’s locations remains in top notch order to literally keeping the lights on. Being a facilities manager is critical to maintain visibility into all aspects of the operations, particularly from the financial perspective. This whitepaper discusses all the metrics that are the key indicators many facilities managers use to stay on top of their game. It highlights the following key questions: What are the metrics that are important for a facilities management group to track and report on to the finance group? What are the numbers that modern facilities managers share with their CFO? What financial benchmarks and data points should you regularly use to optimize performance and make smarter decisions?

White Paper: Consero Global Solutions

Not having a clear financial picture of your company can lead to disaster. Growth can put a tremendous strain on your financial department: the people, processes and technology necessary for the company to continue successfully. Today, organizations are squeezing their finance and accounting functions like never before. Migrate to an enterprise-level accounting package that is connected to best-of-breed software programs, delivering a comprehensive financial solution. This white paper highlights: Common financial challenges faced by growth companies Painful results that occur as a consequence of these challenges Recommendations on how to avoid such financial issues Key factors that impact scalability and scalability best practices 

White Paper: Quali

Cloud Sandboxing for Financial Services will ensure that your applications run smoothly on your large and complex infrastructure.  Financial Services applications are becoming more complex and sophisticated – embracing newer technologies while at the same time having to support core services that are based on legacy and on-premises specialized systems. This whitepaper discusses these challenges faced by Financial Organizations, and introduces the concept of Cloud Sandboxing as an enabler for DevOps processes. How can sandboxes help you achieve faster application delivery? How do ­financial services organizations move to DevOps and deliver secure high quality applications at scale? How sandboxing provides the basis for good early application compliance security testing?

White Paper: Jedox

From the use of obsolete data, wasting crucial time and much-needed capital to shedding your reliance on your IT department, there are several reasons why you must consider bringing in a change in your budgeting and forecasting process. Maybe now is the time to stop relying on IT to fabricate financial planning and forecasting reports for you and being stalled by them for months, or it is the time to replace the antiquated business intelligence tools by a better self-service tool that propels your budgeting and forecasting approach and doesn’t hold your company back anymore. This white paper was written for financial managers needing a better self-service tool for budgeting, planning and forecasting and those needing a spark to change current practices that are holding your company back. It imparts the useful information about how this modern financial planning software solution with advanced planning functionality has accelerated many renowned companies’ forecasting process, and the data consolidation and data preparation, availed by this budgeting tool, for them has definitely strengthened their revenue, margin and expenses model.