Cloud services are poised to boost US GDP by $2 trillion over the next decade, according to new research commissioned by Oracle—but not every firm will benefit. In Intelligent Finance: How CFOs Can Lead the Coming Productivity Boom, Dr. Michael Mandel, senior fellow at the Mack Institute for Innovation Management at the Wharton School, shares how finance leaders across industries can help their organizations benefit from the coming wave of US productivity using cloud services—and the emerging technologies and global best practices they deliver.
Published By: Concur ENT
Published Date: May 11, 2018
VAT rules can be complex, HMRC – a gauntlet. In this eBook, we demystify some of the facts around
compliance, tax and expense management.
The British economy has gone from boom to bust. The recession followed by a long period of austerity
and caution has altered spending behaviours while the government has increasingly cracked down
on tax evasion and fraud. HMRC has become more focused on assisting businesses of all sizes to
comply with their policies and implement good governance when it comes to finances.
Nevertheless, the reality can sometimes be confusing and the penalties for getting it wrong – severe.
Many businesses outsource their tax management to experts or muddle through, running the risk of
non-compliance. There’s a real need for unambiguous, helpful advice about expenses, VAT and
We’ve created this guide to help shine some light on the processes, practices and behaviours around
tax and expenses based on some of the frequently asked questions we receive. Wh
In some kinds of more traditional businesses the
finance department tends to swallow as much data
as is thrown at it but only outputs small, measured
and curated amounts of insights periodically: “Here’s
revenue vs target in the last quarter”.
These are undoubtedly essential for proper business
management, But periodic reports also mean it
can be too late for the business to respond. It’s
like driving by looking only in the rear-view mirror.
Looking at what’s behind isn’t going to let you spot a
sudden bend in the road!
Essentially, the highly competitive and evolved
business environment of today requires businesses
to have proactive, indicative business metrics.
Combined with more traditional metrics, these
mean businesses have invaluable and complete
insight in order to evaluate performance.
Proactive, indicative business metrics are found
across most successful businesses–and especially
amongst C-suite employees. These people know
that the benefits are proven. Analytics-driven
Published By: Workday UK
Published Date: Mar 15, 2018
For both finance and HR, this separation is often driven by organizational obstacles, disparate systems and data sources, regulatory uncertainty, and a lack of complete visibility into the business. As Joseph Fanutti, CFO of Bill Gosling Outsourcing, says of his own organization’s challenges, “Finance operated its own silo, HR its own, operations its own. There was a lack of consistency in terms of how we viewed the business.” He recalls, “Numbers were always challenged, no one could agree on metrics, and people couldn’t agree on what actions to take going forward.”
If this situation sounds familiar, that’s because it’s commonplace across organizations the world over. Strategic uncertainty and incomplete data are symptoms of a larger problem: a lack of unification among finance, HR, and operations teams. Managers need to make financial and people decisions in tandem, yet traditional systems store this information independently. This separation creates multiple versions of the same u
Published By: Certent UK
Published Date: Apr 25, 2018
In organizations where internal reporting is done manually, it can feel much more like a chore than a critical, strategic activity.
Read this report to find out how much of a difference an insight-led approach can make when the finance team has time to analyze the figures and provide meaningful insight for senior management.
To identify the strategic priorities of CFOs and senior finance professionals over the next two years, The Economist Intelligence Unit conducted a survey, commissioned by Coupa, of 507 finance executives across industries and located in the US, UK, France and Germany.
Today it's easy for customers to leave, and they have fewer reasons to stay. In saturated telecom markets, competitors offer similarly high levels of coverage and service. Years of price-based competition have left little room for differentiation and margins are stretched thin.
Complexity, globalization and digitalization are just some of the elements at play in the risk landscape—and data is becoming a core part of understanding and navigating risk.
How do modern finance leaders view, navigate and manage enterprise risk with data? Dun & Bradstreet surveyed global finance leaders across industries and business types. Here are the top trends that emerged from the study:
1. The Enterprise Risk & Strategy Disconnect—Finance leaders are using data and managing risk programs, but over 65% of finance leaders say there’s missing link between risk and strategy.
2. The Risks of the Use and Misuse of Data—Up to 50% of the data used to manage modern risk is disconnected. Only 15% of leaders are confident about the quality of their data.
3. Risky Relationships—Only 20% of finance leaders say the data they use to manage risk is fully integrated and shared.
Download the study to learn how finance leaders are approaching data and enterprise risk management
The need for closer collaboration between finance and HR has never been more important. Finance has become the co-pilot to the business, providing the forward-looking guidance management needs to capitalize on the next market opportunity. HR plays an essential role in ensuring that the business has the talent it needs to execute on digital strategies, and create a change-ready culture. Oracle commissioned new research by MIT Technology Review Custom, called Finance and HR: the Cloud’s New Power Partnership, to understand how closer collaboration between Finance and HR could support digital transformation and unlock new benefits.
Healthcare organizations are facing uncertain times, which are putting enormous strains on their revenue cycle management (RCM). Automation is proven to improve RCM measures, and even small improvements can significantly impact the bottom line. This whitepaper details how providers can embrace automation to help drive financial performance.
Children’s Mercy is not only one of the nation’s top pediatric medical centers, they have a strategy that improves organizational profitability in the face of constant change – all while delivering world-class care for their patients. Children’s Mercy accomplished what many have tried: integrating hospital and ambulatory revenue cycle activities with complete integration of all processes on a single IT platform.
Sharp is leading the way in the shift to shared risk. In this journey, they manage to the right financial metrics while still delivering appropriate care to their patient population. Watch the video to learn how GE Healthcare is helping Sharp make a difference.
The shift to value-based reimbursement (VBR) entails more financial risk for providers. Successful management of the transition to VBR can only be achieved when healthcare organizations are clinically and financially integrated to ensure tight care coordination and efficient resource utilization. That level of integration requires the aid of a robust IT infrastructure to support the enterprise. This whitepaper offers the opportunity to learn about new tools for healthcare providers to manage financial challenges associated with value-based reimbursement
This paper will explore some of the market dynamics driving the financial volatility in healthcare and will explore how advanced analytics, with the right IT backbone and organizational competencies, can help organizations successfully identify ways to manage revenue cycle profitability.
Published By: Prophix
Published Date: Jun 03, 2016
For an increasing number of organizations, enterprise performance management (EPM) tools are enabling senior finance executives to integrate plans, understand where they're losing money, move from annual budgets to rolling forecasts, and identify opportunities for strategic improvements. During this Webcast, a panel of experts will explore: • Why business intelligence and business analytics are each important to your business; • How Big Data and analytics can help your organization answer more questions and ask even better ones; • The capabilities that enterprise performance management software offers organizations; and • How to evaluate what your organization can gain by implementing enterprise performance management software.
Cloud Computing: A Silver Bullet for Finance is drawn from
research, interviews and comments made by panelists at a
November 2011 Web cast sponsored by CFO Publishing and
Workday. CFO Publishing is an award-winning media business
that reaches over 400,000 corporate executives in the
United States, and includes CFO magazine, CFO.com, and
CFO Research Services. Workday is a leader in enterpriseclass,
software-as-a-service (SaaS) solutions for Human
Capital Management, Payroll and Financial Management.
The financial system you are running today can probably
trace its heritage back to the ‘80s and ‘90s. Since
then, the needs of finance organisations have changed
dramatically, but financial systems have failed to adapt at
the core. Built to serve only the most basic requirements,
these systems weren’t designed to meet the needs of
today’s finance organisation. With CFOs today facing
requirements very different from those they faced just a
decade ago, Workday believes that finance organisations
need applications built from the ground up based on
today’s needs – not yesterday’s. They need modern
Workday Financials is the only financial management
solution designed in the past ten years that incorporates
the latest technologies, functionality, and design ethics
at the core to address what modern finance
We discuss six key capabilities that separate Workday
Financial Management from old-world business apps.
Published By: Anaplan
Published Date: Mar 05, 2015
Financial consolidation systems are the ‘engine room’ of the corporate finance department, enabling companies of all sizes to comply with regulatory reporting requirements, company law and global accounting standards as well satisfy management’s need for periodic management reporting.
But all is not well with standalone consolidations applications that were developed in the 1990’s and which are still commonplace in some of the world’s largest multinationals.
According to one recent report, 47 percent of companies have made substantial investments in the last year in their financial close, filing, and reporting. Yet, despite the considerable sums
of money invested in the process, management teams across the globe remain dissatisfied with the quality and timeliness of management information.
Today’s increasingly competitive global economy requires businesses to make decisions faster than ever. Businesses need instant insight into the status of their people and processes. But manual, paper-based processes undermine decision-making. Paper makes it difficult for businesses to make smart decisions about their operations and their working capital. Manual processes also are costly and inefficient, create headaches for front-line staff, introduce compliance and security risks, and stymie collaboration with trading partners.