Migrating finance and HR systems to the cloud improves collaboration and saves more than expected. A recent global survey conducted by MIT Technology Review Custom—in partnership with Oracle—explores the motivations, benefits, and rewards that result from deploying finance and HR systems in the cloud.
Published By: Oracle EPM
Published Date: May 11, 2015
Which EPM priorities are at the top of the Finance agenda? What are the most compelling developments in big data, analytics, mobile technology, and cloud computing that motivate Finance leaders to undertake new technology initiatives?
Published By: Oracle EPM
Published Date: May 11, 2015
No matter how you define it, cloud, social, mobile, and big data are
changing the competitive dynamics of the global economy and
creating significant value for companies that know how to
create business models leveraging these technologies.
In this white paper we demonstrate why CFOs must focus their attention on advancing along three distinct strategic tiers:
1) Optimizing the health system’s fiscal health. Even if it’s already good it needs to be even better to weather inevitable industry changes.
2) Thinking outside the walls of the health system by optimizing the ecosystem of providers, the system of care, and physician loyalty.
3) Optimizing the patient experience: harness the health system to deliver what patients value most.
Since 2001, PayStream has assisted organizations’ accounting, finance,
and procurement departments to streamline processes, increase
efficiency, and generate growth. The purpose of the majority of these
projects is to assist with the initial RFP for, review of, and final selection
of software solutions. The Navigator began as a straightforward
spreadsheet model used to score solutions on pricing structures,
functional offerings, and how they addressed any unique needs specific
to an organization. Over the course of numerous engagements, it
became clear that there was a sincere market need for a quantifying
tool, and the Navigator became much more.
Published By: Lightower
Published Date: Jan 26, 2017
"In today's always-on world, nothing happens without the network. It sits at the center of everything from cloud services and business app enablement to checking your email in the morning and watching your favorite shows at night. As a leading all-fiber network provider, Lightower delivers the limitless connectivity that makes it all possible.
Watch the video to discover how Lightower connects your world from driving leading technology innovation to powering big business and everything in between."
Most FP&A professionals want five things from a planning and forecast process:
But according to an AQPC report, 30% of Senior Finance professionals are unhappy with their current planning solution.
To ensure that you influence the strategy of your organization, download this white paper for five tips on how to improve your planning and forecasting process.
The Nucleus 2017 CPM Value Matrix analyzed the market for CPM products, evaluated companies and ranked vendors based on what they believe are the most important attributes in allowing customers to gain maximum value from the solution: usability and functionality.
Usability because Business users in the finance department need minimal involvement from IT, and are reticent to learn a drastically new system.
Download the 2017 Nucleus Research to learn more.
Cloud financial corporate performance management solutions help the office of finance manage the financial close and apply appropriate controls throughout the accounting cycle. Application leaders should use this Magic Quadrant to identify vendors that are a good match for their business needs.
The 2017 Gartner Magic Quadrant for Strategic CPM solutions provides valuable insights into the latest market trends, the current Leaders, and key vendor evaluation criteria.
Download the Gartner report to learn:
Why cloud has become the preferred deployment model
Who the key vendors are and how they compare
Why mega vendors no longer dominate the market
Best practices in evaluating and selecting a vendor
Grow your business with a customer-centric ERP solution
Align your sales, services, finance and HR teams with our cloud-based ERP on Salesforce. You’ll connect back-office functions to the front-office and create a single unified voice across your organization. Everyone benefits: Customers, Employees, Leaders and IT.
One customer record for CRM and ERP apps
Seamless opportunity to cash process
Eliminates errors between the front and back office
Act as one company, not five departments
Salesforce CRM +
The value of the Salesforce Platform is undeniable. Salesforce has helped companies around the world streamline their technologies and processes. So when you combine your Salesforce CRM with an ERP solution native to the platform, the benefits are only magnified.
Sales, finance, services teams will be able to work from the same connected system, sharing a master customer record, with data unified and process and workflows harmonized. Some businesses have tried to reap these benefits through rough integrations between old ERP systems and Salesforce, but nothing is smarter or more effective than using an ERP solution built on the platform itself.
Download the eBook and see how combining Salesforce CRM and FinancialForce ERP can help you:
Streamline your Financial Processes on the Salesforce Platform
Imagine operating your core financial management functions including general ledger, invoicing, accounts receivable, revenue recognition, fixed assets, spend management and accounts payable on the same Salesforce cloud platform you use to run your sales, marketing, and services operations.
FinancialForce Accounting combines the power of the Salesforce App Cloud with a groundbreaking cloud accounting system design. The result is an efficient and cost-effective solution that goes well beyond basic bookkeeping and transaction processing, spawning a new generation of financial management applications.
Download this eBook and learn how you can:
According to the report, Benchmarking the Accounting Function 2015, only 56% of companies currently use automation to reconcile accounts. While many finance leaders want to change the process of reconciliation, the task can seem overwhelming.
However, developing a plan does not have to be complicated or time-consuming – and the benefits far outweigh the risks. A smooth, stress-free financial close adds qualitative value to the company by freeing employees to focus on strategic initiatives and ways to grow business.
A CFO’s Guide to Transforming the Financial Close shares how to build a center of excellence to streamline reconciliation so you can align objectives to overall business goals. Leading-edge automation tools can stop the madness of shuffling papers, sorting emails and searching spreadsheets, turning the reconciliation process from a cost center to a value-add for the company.
While being the backbone of many organization’s Offices of Finance and Accounting, it is now commonly acknowledged that this overreliance on Excel spreadsheets coupled with the lack of visibility associated with its use represents a very real risk. With automation available to improve both process efficiency and effectiveness, the challenge many companies face isn’t why they should transform their process but how.
The key to overcoming this challenge is creating a strong business case for investment. One that not only sets out the objectives of the project but is also underpinned by a robust financial analysis, in the form of qualitative and quantitative ROI, and a thorough understanding of risk.
One of the most common things we hear when we speak to companies about improving their financial close process through automation is “But I already have an ERP system.” It’s true that an ERP goes a long way towards helping manage some of the financial close process. However, there is still a great deal of work that is taken outside of the ERP each period end and managed manually.
Trintech is a global software provider with over 1,700 customers in over 100 countries. Across the globe, we focus on delivering value to our customers through local representation to build a community where we are known as a trusted partner to deliver best practice and enable process improvement.
In our previous eBook, “Part 1: Enabling Financial Transformation through Technology,” we examined the “why” of Record to Report transformation and briefly described ‘how” you can achieve this through the implementation of Record to Report technology.
Now that you understand the “why” and the “how” it’s time to put it into action to ensure a successful Record to Report transformation delivery. But first we need to lay the framework, as the majority of you have probably never embarked on a financial transformation journey before or have experience with a technology purchase or implementation of this calibre.
Over the past few years, terms such as: ‘Modern Finance,’ ‘Continuous Accounting’ and ‘Robotic Process Automation’ have all created buzz across the finance industry. These have been launched as a response to the challenges facing finance around attracting and retaining high quality employees, the rising risks due to the difficulty in certifying accurate data, today, and the expectation that finance has a role in driving the business forward.
Typically, Shared Services Center (SSCs) automation initiatives have been undertaken to reduce costs and improve efficiency.
These goals are achieved relatively easily within the first few years, most immediately through reduced labor costs and centralized activities.
In fact, standardization and centralization deliver up to 50% savings. During subsequent phases, technology automation and outsourcing cut costs further. But, if cost reduction is the only clearly defined goal, organizations will reach a point of diminishing returns.
By leveraging Record to Report technology, you can effectively manage the entire R2R cycle in one place with one single view of all your relevant controls. Software not only provides you with the means of collating all this data in a single view, but also can eliminate those white spaces between key control components and enable you to standardize across your business.