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.
Better health care at lower costs, for everyone – how do health care providers get there? Understanding the gaps in patient care, patient needs, and the geographic distribution of the patient population are important elements to consider when making decisions about improving the quality of care and reducing its costs.
To effectively analyze gaps in patient care, the data needs to be in a single place or system. However, in many organizations, data is spread across a myriad of spreadsheets and database systems. Data not organized for visual exploration and coherent analysis isn’t useful for decision making. Hence the need for visually appealing and scalable analytical tools to help organizations be more efficient, effective and economically successful.
Traditional procurement fraud detection methods – manual searches; spreadsheets; and simple slice, dice, filtering and reporting from silo systems – are not keeping pace. Whatever tools and processes are in place now, there’s always the opportunity to evolve to a higher level for more accurate detection – more high-value alerts and fewer
Domo brings data from any system, spreadsheet or application into a single real-time platform. Decision makers can access the data they need, when they need it, without having to wait on any reports. And it completely transforms the way you manage business.
Published By: Prophix
Published Date: May 31, 2016
Financial consolidation is a process that is usually used to aggregate financial results from multiple legal entities and to make adjustments to the results. However, many financial professionals regard it as a necessary evil that can be handled either in a “hit and miss” way using spreadsheets or comprehensively with software that can handle extremely complex situations but that is also expensive. Prophix provides a third alternative that is easy to use, has a low cost of ownership and is attractive to mid-market companies.
Published By: Prophix
Published Date: May 31, 2016
For over 25 years, Prophix has served as a valuable partner to professionals in corporate Finance departments around the globe. In so doing, Prophix has continuously developed, tested, and refined technology solutions that help companies become more profitable, more efficient, and more future-ready.
Business decision making is undergoing a data-infused renaissance.
Organizations are tired of the limitations of spreadsheets and
dealing with long IT business intelligence (BI) development cycles
just to gain access to the data they need now. Fortunately, with
the advent of visual analytics and discovery tools (many offered
in the cloud), the journey to data insight is getting simpler and
faster. Rather than trying to divine meaning from a group of
predefined reports or simple static dashboards, visual analytics
helps users gain insights from data more quickly using intuitive data
visualization. Increasingly, visual analytics tools provide easy-touse
data preparation features for better data access. They support
collaboration, mashups, and storytelling.
TDWI Research sees growing interest in applying more modern,
up-to-date tools for working with data.
Published By: Anaplan
Published Date: Mar 05, 2015
Many sales organizations continue to operate as they have for years: At headquarters, executives work with sales leaders to set revenue targets for the year. Sales teams receive top-down goals, which cascade across product lines, channels and other business dimensions. The end result is an account-level target, which is assigned to a sales rep. Because most companies do not have an easy way to complete this process—nor do they use a common system of record—they must resort to the quickest and easiest mechanism at hand: spreadsheets, a nonscalable, single-dimensional solution that does not handle complete data sets. This approach also poses challenges across key sales management functions, including planning, execution and optimization.
software solutions that have been available to manufacturers and other entities. Custom, bespoke solutions have figured greatly in service organizations during this time frame. Spreadsheets, PC-based applications and components of larger ERP suites have rounded out the software portfolio of countless service firms globally.
Published By: Quick Base
Published Date: Dec 18, 2017
This eBook reveals how spreadsheets come with hidden risks and costs – and how cost-effective, cloud-based, and customizable no-code databases present a better alternative. Based on a study of 700+ business, operations, and IT professionals, this eBook will help you to improve productivity, enhance decision-making, and centralize data.
Published By: Quick Base
Published Date: Dec 18, 2017
Spreadsheets are good for number crunching – but many professionals use them to do things they were never meant for. The result? Long office hours, chasing down status updates, and compiling data manually. Learn the 5 signs of spreadsheet misuse and how to overcome them in this webcast.
Join us for an informative webinar and learn how easy it can be to move beyond spreadsheets and deliver FP&A best practices that create exceptional value. Don't miss this opportunity to learn how to dramatically improve your FP&A processes, elevate the strategic contribution of finance, and drive greater success in 2011.
Join us for an informative webinar and learn how easy it can be to create exceptional value through FP&A. You will hear case studies describing how leading software companies worldwide have been able to move beyond spreadsheets and save time, enhance companywide collaboration, and improve business decisions - ultimately resulting in higher revenues and profits. And you'll also see a demo of how Adaptive Planning's award-winning software creates value for software companies.
Adaptive Planning's award-winning solution makes it incredibly easy to move beyond spreadsheets and transform budgeting, forecasting, monthly variance reporting, and what-if analysis. With Adaptive Planning, your FP&A processes can be far more efficient, accurate, and collaborative -- resulting in better decisions that increase revenues, decrease expenses, and create greater strategic value.
Published By: Workday
Published Date: Mar 01, 2018
ERP Must-Haves for Finance: Leave behind cumbersome reporting, spreadsheets, and data
that offers zero insights. IDC MarketScape has put together a guide to help you find the best finance and
accounting applications. Read an excerpt of the report to learn today’s must-have ERP capabilities and
why the IDC MarketScape positioned Workday in the Leaders category.
Financial reporting teams, often led by Controllers, face mounting pressure to provide accurate, useful, and timely data, while also decreasing turnaround time and costs. Regulatory agencies don’t care if an organization is short of staff or if its financial management system amounts to a collection of spreadsheets.
Published By: ServiceNow
Published Date: Jul 09, 2015
ServiceNow surveyed nearly 1,000 managers in the US and the UK to understand the effectiveness of the tools and processes in their corporate environment. Results revealed nearly two days a week are spent on administrative tasks that are not core to their jobs. There’s an exponential impact on an organization’s top and bottom lines as employees have less time to do their jobs and it takes more people to complete the job. Learn about how your organization can overcome the obsessive use of email and spreadsheets to get real work done.
Historically, manufacturers have “looked to the past” to help predict what they need to do in the future. This would include basic business intelligence, powered by spreadsheets, and even manual processes. The challenge is that what will happen may be something outside of what the past can predicts – who, 25 years ago, would have considered the Internet as a primary vehicle for commerce, or that Big Data would become both a treasure and a tragedy for organizations? Consider other factors, such as regulations, largely transient customers (where loyalty and brand aren’t what they used to be), disruptors (such as new entrants and technologies), and the need for manufacturers to “move faster than ever” – in effect, to be able to plan for the future before it happens.
Data is the hottest topic in business today. In discussions that range from
understanding performance to predicting future outcomes, data is at the core.
However, data has a bad reputation. Because businesses have been collecting data for
decades, the amount that we must analyze can seem insurmountable. Simply saying
“data” is enough to conjure images of someone poring over a thick stack of
spreadsheets, manually going through row after row to identify performance, trends
and figure out what to do with them. This intimidating view is all too common.
Data Analytics has become critical for many business decision makers. However, many of these managers and data analysts still rely on spreadsheets and other legacy-era tools that fall far short of current needs. As a result, they also rely heavily on a virtual army of data specialists and scientists, working under the auspices of a centralized analytics group, to prepare, blend, analyze, and even report on the critical data they need for decision making.
Download this new paper to get the details behind self-service data analytics, and how it lets business analysts:
Take charge of the entire analytical process, instead of relying on other departments
Overcome limitations of legacy tools to save time and prevent errors
Make more comprehensive and insightful business decisions at speed
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.
Today’s financial professionals have access to robust tools that offer a detailed picture of a company’s success in real time. With dashboards reporting in-depth data, a CFO can merely glance at a computer to analyze how well the business is doing in key areas.
Despite the impressive technology available today, many businesses have yet to make a change. In a survey of 1,500 finance professionals, nearly half reported relying on gut instinct rather than hard data to make important business decisions. The survey—commissioned by Epicor and conducted by Redshift Research Ltd.—also revealed that a majority of CFOs and financial decision-makers are still relying on spreadsheets to interpret business data.
In our “Instinct Meets Insight” eBook, you can explore the survey results and learn how a modern financial IT infrastructure lets decision-makers back up instinct with relevant data they can use to help their businesses grow.
In an era where Big Data decisions demand high-powered tools, organizations everywhere are still mired in complex spreadsheets that limit the speed and precision of their critical customer interactions.
Read this fact sheet to learn how you can evolve beyond what spreadsheets alone can achieve:
• Allow business users to easily create and compare “what if” scenarios, interact with compelling visualizations, and challenge, improve and build trust with stakeholders and collaborators
• Rapidly deploy new optimization features and applications practically at the speed of thought – without leaning on IT – while leveraging existing investments in other analytic tools (such as R, SAS, MATLAB, and even Excel)