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What Is the Difference Between HR and Human Capital Management?
I have spent my entire career working in the HR space and I often see the terms HR and human capital management (HCM) used interchangeably. In fact, I am guilty of using these terms interchangeably. Perhaps as a result, members ask APQC: What is the difference between HR and human capital…
3 Ways to Prevent an Uncollectable Balance Pile Up
In this period of inflation, customers are tightening their spending belts, which could result in them deprioritizing or losing their ability to pay owed balances. As such, organizations should keep a close eye on cash flow and be vigilant of early uncollectible balance warning signs. Here are…
What is Cash Flow Management?
Cash flow management involves planning, tracking, and controlling the flow of cash in and out of a business. It is a necessary process in financial planning to ensure that sufficient funds exist to meet business needs. Effective cash management is a critical component of a company’s financial…
What is a Chart of Accounts (COA)?
The chart of accounts (COA) is a listing of the general ledger account names and identification numbers arranged in the order in which they customarily appear in financial statements. It can also include a description of what should be included in each account. The COA is a key accounting tool used…
Learning and Development (L&D) Strategy Is Back to Investing
After a period of decline, employer investments in learning are on the rise. Pandemic-era economic pressures and uncertainties have subsided, and employers are restoring previously slashed learning and development (L&D) budgets. In fact, 96% of learning leaders responding to APQC’s…
Where will Finance Focus in 2024?
APQC conducted its annual 2024 Financial Management Priorities survey in late 2023 to better understand the focus areas, initiatives, and challenges that will shape the finance function in 2024. The survey, which included approximately 330 participants representing 22 different industries, asked…
Good News About Diversity, Equity, and Inclusion in 2024
It’s hard to look at the DEI news and not come away discouraged. Since the turn of the new year, there have been reports of:Cutbacks to DEI staff and budgets, Growing risk of DEI programs falling out of compliance with fast changing laws, and Corporate decisions to modify or…
What is Talent Development?
Talent development is the process of building upon an employee’s skillsets to advance individual competency or growth within the organization. Effective talent development programs help employees understand their roles better and actively work to gain the skills needed to be successful in…
Trends to Look Out for in HR Shared Services
Throughout my 10+ years at APQC, HR shared services has been one of the hottest topics for our members—and for good reason. The shared services delivery model moves responsibility for high-volume transactional HR work from business-embedded HR partners to HR staff working in a centralized services…
Financial Management Priorities and Trends for 2024
If we have learned anything in the past few years, we learned that we are living through a time where economic headlines change quickly and finance departments must be ready to react to those changes and make informed decisions quickly.As we near the end of 2023, let us look at some of the trends…