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Building a Best-run Finance Organization: A New Role to Address Today’s Business Realities
One company executive has a growing influence in today’s boardroom@the chief financial officer (CFO). And the role of the finance organizations that these CFOs
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The State of the Art in Finance
Thanks to recent accounting scandals and an increasingly competitive environment, many chief financial officers and the finance organizations they lead have
their accounts receivable and credit functions, checking all customers through outside services. At that point, when collection becomes critical, the utility can concentrate on enforcing collection rules where necessary, while the outsourcing service deals with the majority of customers who do not overstep the rules. Companies also like to use shared services; when managed well, shared services can improve process effectiveness while helping decrease costs. APQC research found that the lowest-performing c
New Data Triggers for International Supply Chain Finance
Corporations have drastically changed their global supply chain models over a short period. The market is also in the early stages of migrating to data
are using letters of credit (LC) less and less to finance these imports. Force #2: The number of consumer brand manufacturers using third parties to manufacture outside the US has exploded. The automotive and high tech sectors have been most progressive in sharing information (designs, forecasts, etc.) with contract manufacturers, and other industries are following suit, given the aforementioned transformative trends. In some cases, brand companies no longer pay tier one and two suppliers directly. Instea
Best Practices in Creating a Strategic Finance Function
Many chief financial officers (CFOs) have started to take on new strategic roles. Their goals are to enforce stricter controls to ensure legal and regulatory
their accounts receivable and credit functions, processing all customers through outside services. At the point when collection becomes critical, the utility can concentrate on enforcing collection rules where necessary, while the outsourcing service continues to deal with the majority of customers who do not overstep the rules. In a similar way, small to midsize companies have begun to outsource as a way to gain efficiencies they cannot otherwise obtain. While a shared-service arrangement can pay off for
Reducing Operational Risk of IT Service in Finance
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The New Transparency
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Credit versus Collections... Who Do You Trust?
Learn how receivable dashboards allow you to keep track of your customers’ payment more efficiently and improve your agribusiness cash flow. Find out how a good
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Sabrix, Inc. is a leading provider of transaction tax management forcompanies of all sizes, enabling finance, tax, and IT professionals to achieveaccurate
Sabrix, Inc. is a leading provider of transaction tax management for companies of all sizes, enabling finance, tax, and IT professionals to achieve accurate, timely, and cost-effective compliance for sales tax, use tax, Value Added Tax (VAT), excise tax and industry-specific taxes and fees. The Sabrix Solution combines the Sabrix Application Suite software for sales tax, use tax and value-added tax automation with Sabrix Tax Research, delivering SAS 70 certified tax rates and rules for the U.S. and
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Why Cloud Computing Matters to Finance
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Cloud Computing Matters to Finance This Institute of Management Accountants (IMA) paper explores the benefits of transitioning from an on-premise financials system to the cloud. The paper reviews research conducted among 800 IMA members regarding their perceived benefits and risks related to moving financials to the cloud, including drivers around total cost of ownership (TCO); anytime, anywhere access; easy upgrades; and business process improvement.
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(or Blame) KANA Express for Your Next Flower Delivery It should be every company’s job to make it easy for customers to act on their needs and desires wherever they wish to engage with the company—in a retail store, online, on their mobile device, or within their social networks. The challenge for every customer care organization is to provide reliable and memorable experiences across every service channel—consistency is critical in delivering great customer experience in the omnichannel world.
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