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Why and How Often to Benchmark Finance
The cost of finance operations at the typical large company has been cut in half over the past decade. CFOs got what they wanted: talented and dedicated people doing more with less, and those with a knack for stats polishing their analytical contributions. So, I got to wondering: what’s behind the…
AP Automation Can Reduce Paper Invoices and Save Money and Environment
Some companies’ accounts payable (AP) functions spend 30 percent more than necessary on labor costs. That’s because they are drowning in paper invoices that must be processed by hand. Typically, documents have to be fed into a scanner that feeds into a software program that recognizes and sorts…
AFP Survey Shows Payments Fraud Still a Huge Problem
A recent survey by the Association for Financial Professionals (AFP) found that 61 percent of organizations experienced actual or attempted payments fraud in 2012. One example of payments fraud: a criminal manages to print what appear to be legitimate paper checks and then finds clever…
Mobile Computing to Bolster Performance Management
APQC just launched a survey to uncover how recent advances in mobile computing can enhance business decision-making and performance management. We were flooded with responses during the first 24 hours—a sign the corporate world is going mad over mobile. Early results suggest that senior executives…
Financial Process Improvement Training Not Adequate
Last week, I hosted an APQC webinar on the financial close process that focused on how to streamline and automate financial reporting. More than 480 people signed up. This week, I was a guest presenter on a webinar produced by Proformative, an online professional community for…