As we approach the close of another dynamic year, it’s an ideal time to reflect on some of the critical areas that shaped the world of finance throughout 2024. During this year, we published articles and infographics aimed at equipping finance professionals with valuable knowledge in accounts payable (AP), planning, budgeting and forecasting, and general accounting.
Accounts Payable
Our articles and infographics on accounts payable indicate that improving your organization’s performance of AP processes year-over-year is all well and good, but is it good enough relative to other organizations? Benchmarking against your peers and competitors using reliable and independent data provides a more holistic picture that can help you take your performance to the next level. Financial professionals are increasingly leveraging automation to optimize payments cycles, improve supplier relationships and reduce manual tasks.
Invoice Processing and Greater Productivity
Invoice Processing: Achieving Greater Productivity for Accounts Payable
Total Cost to Process Accounts Payable per Invoice Processed
Robotic Process Automation (RPA) and Accounts Payable
Planning, Budgeting and Forecasting
As we look toward the future of financial planning, our latest articles explore emerging technology trends in planning, budgeting, and forecasting, highlight the key principles driving effective planning, budgeting, and forecasting, and delve into cycle time KPIs that help organizations streamline processes and enhance forecasting accuracy.
Technology Trends in Planning, Budgeting, and Forecasting
Planning, Budgeting, and Forecasting Process Maturity
5 Keys to Planning, Budgeting, and Forecasting Success
Cycle Time to Prepare the Financial Forecast
General Accounting
While automation and new technologies are transforming finance, solid accounting fundamentals remain essential. Our general accounting articles emphasized the importance of managing working capital metrics and productivity to maintain financial health. DSO and DPO emerged as crucial levers to optimize cash flow, and productivity KPIs offered deeper insights into finance team efficiency.
Days Sales Outstanding: A Critical Lever for Managing Cash Flow
When to Pay: Managing DPO to Improve Cash Flow
Total Cost to Perform Financial Reporting per $1,000 Revenue
6 Productivity KPIs Finance Teams Need to Track
Efficiency KPIs in Financial Reporting Can Illuminate Process Weaknesses
Cycle Time to Perform the Monthly Close
What are your priorities and challenges in financial management?
If you haven’t yet, please take a moment to share your thoughts on your organization’s focus areas for the finance function in the coming year.