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Financial Processes



Adding this kind of value to financial processes stands at the heart of a broader initiative known as governance, risk and compliance (GRC) . Governance is the collection of board and C-suite approved policies that guide the company; GRC refers to the way those policies are put into operation as a set of rules, processes and controls.
Related to Financial Processes: Accounting and Financial Management, Business Process Management, Compliance Management, Risk Management, SAP
Manufacturers must implement financial processes and controls for maintaining auditable business transactions and transparency.
Related to Financial Processes: Accounting and Financial Management, Enterprise Resource Planning (ERP), Regulatory and Compliance, Plex Systems
?Financial close? is a company?s ability to complete accounting cycles and produce financial statements for internal management and external legal reporting?and is still a key part of today?s global finance function. Do you know how to overcome the barriers to a fast, high-quality close? Discover solutions that can help you improve your close times and address the challenges of automating and testing internal controls.
Related to Financial Processes: Accounting and Financial Management, Budgeting, Financial Planning, and Analysis, Business Process Management, Data Management and Analysis, Gain/Loss Reporting, Tax Preparation and Reporting, SAP
Time Savings and Improved Productibity With Microsoft Great Plains, the finance team is also able to conduct financial processes, such as month-end, more efficiently.
Related to Financial Processes: Accounting and Financial Management, Groupe Conseil LVMB Inc, Professional, Scientific, and Technical Services, Transportation and Warehousing, Warehousing and Storage
These two centers handle all the financial processes the subsidiaries had handled individually, including accounts receivable and payable processing.
Related to Financial Processes: Accounting and Financial Management, Business Process Automation, Business Process Management, Enterprise Accounting, Practices and Business Issues, SAP
Topperforming companies have financial processes that are: Automated.
Related to Financial Processes: Accounting and Financial Management, Compliance Management/Sarbanes-Oxley Compliance, Strategy, SAP, Finance and Insurance
First, using the RFI spreadsheets as a basis, TEC helped Corona define and prioritize its requirements for various manufacturing processes, including order-to-cash, plant maintenance, design-to-deploy, and financial processes.
Related to Financial Processes: Customer Relationship Management (CRM), Decision Making, Enterprise Resource Planning (ERP), Human Resources, Manufacturing Management, Software Selection, Technology Evaluation Centers, Industry Independent, Manufacturing, Miscellaneous Manufacturing
, mergers, divestitures, down economic cycles); addressing talent shortages; assuring internal stakeholders, such as the CEO and CFO, that regulatory and financial processes are defensible; and/or delivering more insightful data environment for financial decision making.
Related to Financial Processes: Accounting and Financial Management, Budgeting, Financial Planning, and Analysis, Enterprise Resource Planning (ERP), Gain/Loss Reporting, IT Solutions Architecture, Management Practices, Standards and Compliance, Strategy, Tax Preparation and Reporting, Corefino
Insights Derived from Actual Business Processes SAP BusinessObjects Supply Chain Performance Management uncovers hidden information from enterprise systems by retrieving and semantically linking relevant pieces of information across supply chain management and related financial processes.
Related to Financial Processes: Budgeting, Financial Planning, and Analysis, Consolidation Statements and Performance Reporting (CS-PR, Aggregation), Enterprise Resource Planning (ERP), Supply Chain Management (SCM), SAP
Against this backdrop, CFOs are charged with standardizing financial processes and ensuring relevant data is accounted for.
Related to Financial Processes: Accounting and Financial Management, Infor, Finance and Insurance, Professional, Scientific, and Technical Services
By utilizing an IT solutions/service provider, like Corefino, for basic yet necessary ERP type functionality, an enterprise will be able to enjoy benefits through this model such as: Up-to-date best practices for accounting and other financial processes Cost and time efficiencies in finance Instituted internal financial controls
Related to Financial Processes: Accounting and Financial Management, Budgeting, Financial Planning, and Analysis, Business Process Re-engineering, Enterprise Accounting, Enterprise Management, Executive Views, Management Practices, Practices and Business Issues, Risk Management, Standards and Compliance, Strategy, Corefino
It should also be able to use that information and integrate it with the other data it acquires to support the organization operations and financial processes.
Related to Financial Processes: IT Infrastructure, Production and Supply Planning, Supply Chain Event Management, Supply Chain Management (SCM), Supply Chain Optimization, Epicor, Manufacturing, Retail Trade, Transportation and Warehousing
Early action (including the creation of an internal project team to assess the financial processes and systems required) allows companies to benefit from cost reduction during each phase, and to better control the scope of the implementation.
Related to Financial Processes: Accounting and Financial Management, Accounts Payable (A/P), Accounts Receivable (A/R), Business Process Management, Enterprise Management, Enterprise Resource Planning (ERP), Executive Views, General Ledger, Government and Legal, Management Practices, Multinational Accounting, Standards and Compliance, Tax Compliance, Technology Evaluation Centers, Manufacturing
For example, if closing the books takes too long, youre having difficultly making informed decisions, or youre struggling to provide documentation for regulatory compliance, then you may want to turn your attention to automating financial processes.
Related to Financial Processes: Business Performance Management (BPM), Customer Relationship Management (CRM), Customer Service and Support, Decision Making Considerations, Management Practices, Strategy, Supply Chain Management (SCM), SAP
Appendix - Sample distributions Quocirca interviewed 800 people closely involved in the management of financial processes across their organisation.
Related to Financial Processes: Business Intelligence (BI), Data and Application Distribution, Database Management System (DBMS), Electronic Distribution and Storage, IT Infrastructure, Office Application and Automation, Return on Investment (ROI), Technology Tools and Methods, Quocirca Ltd
 
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