Finance in the Cloud

Irene Ngan's picture

A scary thought for many finance professionals is utilizing cloud computing for finance functions. Benefits of cloud computing are clear: documents can be modified from anywhere at any time by anyone (with access) on any device. Though less of a new concept for other parts of an organization, some finance people cringe at the thought of storing sensitive, business-critical documents such as financial forecasts on third-party servers. A major concern is, “how secure is this?”

Retain Talent with Better Programs

Irene Ngan's picture

In a survey conducted in March 2012 by APQC and IEG, 65 percent of finance organizations have some strategy for talent development, either with a coherent, continuous strategy or intermittent attempts. However, an alarming 52 percent of those same respondents who are making an effort to develop talent believe they will suffer from talent flight once the economy truly picks up.

Financial Process Improvement - the Goals Have Become Broader

Mary Driscoll's picture

According to research conducted in March 2012 by APQC in partnership with IEG, 81 percent of large corporations are currently investing in at least one major program to improve financial management processes.  This is a marked departure from previous efforts, which were relatively narrow in scope.

Organizations Still Ripe for Payment Fraud

Irene Ngan's picture

Results from the 2012 Association for Financial Professionals (AFP) Fraud and Control Survey conducted in January 2012 have been recently published. In its eighth year, the AFP Fraud and Control Survey highlights the situation, methods, and frequency in which the majority of organizations fall victim to payment fraud.

AP Leaders Really Do It Better

Mary Driscoll's picture

The latest update of the Accounts Payable Productivity Index (APPI)* shows that investments in AP process automation can be very worthwhile. The top-performers in the index (organizations with top-quartile scores for both efficiency and effectiveness) are gaining ground in their efforts to get suppliers to submit invoices electronically.  As acquiescence grows, the pace of process innovation picks up, leading to stronger and stronger management of working capital.

USPS Move Reinforces E-invoicing

Mary Driscoll's picture

Today’s consumer is riding the latest technology wave and moving digital purchases and payments to mobile platforms. In contrast, B2B billing and payment processes remain mostly paper-based. That said, we see on the commercial side a strong and growing desire for accounts payable (AP) process automation and (more recently) adoption of accounts receivables (AR) data digitization and straight-through processing. The latter means customers can receive, process, and pay invoices without the touch of human hands.

Financial Management: Best Practices Today

Mary Driscoll's picture

Need a quick and handy way to learn what top-notch finance executives are up to? Take a look at this webinar that I hosted recently for APQC’s financial management community. I presented a tidy package of what I determined to be the most informative case studies and metrics analyses that our research team had developed over the previous six months.

In only 30 minutes, we showcased APQC's most up-to-date and reliable examinations of:

Imagine a Sick or Dying Euro

Mary Driscoll's picture

Is foreign currency exchange (FX) volatility a concern of yours? If you manage payables or receivables processes for a large organization that buys or sells in the Eurozone, you should be thinking “outside the box” when it comes to recent FX volatility. And you should pay particularly close attention to the outlook for the Euro. Chances are, your organization’s treasury managers are already developing contingency plans for funding procurement, paying suppliers, and collecting cash from customers should the unthinkable happen: the Euro ceases to exist.

Tips for CFOs Making Large Capital Investments

Mary Driscoll's picture

One of my New Year’s resolutions is to make time for researching and pondering big-picture ideas, especially those with a contrarian flavor. I want to remain alert to the flow of commercial currents that influence how CEOs and CFOs set growth strategies. Ultimately, those high-level decisions drive financial management priorities, particularly those in the realm of business decision-support and internal service delivery. 

Improve Disclosure Management: Webinar On-Demand

Mary Driscoll's picture

CFOs and controllers have been sternly reminding their staffs that there is zero tolerance for errors or delays in financial reporting. The heat source: regulators worldwide who have been ratcheting up quality standards for disclosures. That, coupled with XBRL adoption, is prompting finance teams to address the so-called last mile of finance and streamline and automate financial reporting processes.