After a wild and woolly year-end, year-end close, and new year rollover at my company, writing about something that happened in November feels almost retro. But I’d be remiss not to do so. I won’t bore with details, but the...
Today’s accounting professionals are expected to be more than traditional bookkeepers. In addition to the pressure to close the books faster and more accurately than ever before, they’re also increasingly responsible for driving the business forward. In practice, this means...
A manual approach to journal entries is messy. Workflow bottlenecks are created with rushed approvals because managers have no time for review, and sign-offs often take place after journal entries are posted. And how many immaterial entries are held up...
This article originally appeared in SAP Digitalist, as part of their CFOs Rethink Business series. The intelligent enterprise is where technology is taking us. As SAP co-founder Hasso Plattner shared at this year’s SAPPHIRE NOW: “The intelligent enterprise is not...
The most cost-effective way to automate the error-prone, manual tasks that are known for exhausting resources is in the cloud. Software-as-a-Service (SaaS) is analogous to OnDemand and cloud computing, and with this model, customers typically pay a subscription fee to...
Good ideas take on a life of their own. This is something I’ve been aware of for years as a “solutions developer,” and then saw exponentially at InTheBlack 2017. Good ideas are embraced, taken in new directions, and applied in...
Part 4 of our Finance Transformation blog series. You can read the full series here. The finance technology landscape has evolved dramatically since the last ERP upgrade cycle. It’s moved away from a rigid strategy toward a postmodern ERP world...
Each business transaction begins with a journal entry that is recorded for accounting purposes. The entry is then posted to the general ledger. A properly documented journal entry consists of the following: Correct date Amount(s) that will be debited Amount...
Part 2 in our CNH Industrial’s Finance Automation Journey blog series. Read Part 1 here. Modern technology has allowed CNH Industrial to move from filing cabinets full of account reconciliations in back rooms to be able to approve them on...
Knowing that process automation solutions exist is half the battle. The other half involves determining which one is right for your organization, and providing justification beyond the benefits is critical. Finding the solution that best aligns with your needs begins...
For years, business partnering has been on the agenda for finance organizations. But double checking the financial statements, tracking down reconciliations, and chasing down intercompany document trails have all rightly taken precedence—as these tasks require substantial, if not all-encompassing effort....
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