Blueprint for Success—Your Road Map For Achieving Top Performance in Accounts Payable

Haley Carroll's picture

The financial management (FM) research team at APQC is rolling out a series called Blueprint for Success. The first report focuses on accounts payable and includes definitions, detailed analysis, and benchmarking data on seven AP key performance indicators. But many of you may be wondering what a blueprint is and how it can help your organization.

Get Serious about Finance Training

Mary Driscoll's picture

The current fascination with using big data to sharpen business decision making is not lost on finance and accounting leaders. They know it is imperative that finance get up-to-speed with this powerful trend and learn how best to apply big data concepts in the realm of financial planning and analysis (FP&A). Unsurprisingly, recent APQC research shows that there is strong enthusiasm for enhancing FP&A; in tandem with that, a growing number of CFOs are sanctioning a closer look at cloud-based applications for planning and reporting.

What’s Driving Finance Improvement?

Haley Carroll's picture

Today to win, organizations have to outmaneuver the competition, and this is where finance needs to step up and become a better business partner. But how are CFOs, and the finance functions they manage, driving process improvement efforts that lead to this outcome? To answer this question and more, APQC’s Senior Research Fellow in Financial Management, Mary Driscoll, fielded a survey to determine what tools, techniques, and technologies will enable finance to reach its full potential and stay relevant in the eyes of the business.

Three Reasons Why Finance Transformation is Back in Vogue

Mary Driscoll's picture

Finance process improvement is back in full swing—or is it? Some would argue that it’s not back, per se; they’d say it never left. Surely they are thinking of companies run by CEOs with the will to make process excellence a cornerstone of competitive strategy. But what about those without such support? Preliminary APQC research says finance process improvement is a compelling issue for most. Three reasons stand out.

Three Things I Learned at Strata+Hadoop World

Michael Sims's picture

As I mentioned a little over a month ago, I was pretty excited about the chance I was given to attend the Strata+Hadoop World conference in San Jose. It turns out that that anticipation was justified.

Why Integrated Business Planning Gets Tougher as Complexity Grows

Becky Partida's picture

Many organizations have adopted integrated business planning (IBP), but these organizations often don’t realize its full potential. IBP takes sales and operations planning to the next level by incorporating finance and senior leadership. APQC recently asked Dean Sorensen of IBP Collaborative about what prevents manufacturers from adopting fully integrated IBP and how they can move past common mistakes to obtain the full value of integration.

Analytics Maturity: Getting the Intersections Right

Mary Driscoll's picture

In any organization, during the early stages of building analytical muscle, there will be competing views on what the maturity ladder looks like. To sort out what’s what, start with a common language for describing how analytics will serve strategic aims of the enterprise as a whole. Avoid being fenced in by groups of skunk works going after radical but narrow innovations. Beware as well that some people speak only in the dialects favored by the IT profession.

Microsoft Finance: Digital Transformation Takes Form

Mary Driscoll's picture

I read everything I can get my hands on when it comes to financial management process change and improvement. I consume both the magnificent and, out of necessity, the mundane. A recent article falls into the magnificent category: Microsoft Finance and the Journey to Digital Transformation.

Eagerly Anticipating My First Data and Analytics Pilgrimage

Michael Sims's picture

As part of my professional plan this year, one of my goals is to increase my expertise in the area of analytics. That’s why I decided to ask my manager to send me to an analytics conference. What better way to bolster my analytics knowledge than to surround myself for 48 hours with world-renowned analytics experts from every industry?