Technology can help turn sales and debtors books into powerful tools to grow profits and build customer loyalty. By Jon Mantel, Account manager, iOCO Qlik, Western Cape. In my previous article, I argued that with the right technology, CFOs could leverage the data they already have in the general ledger to provide hugely useful insights. […]
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Exploring the numbers equals better decision-making
What CFO doesn’t want to unlock the hidden gems/insights buried in their general ledgers? By Jon Mantel, Account manager, iOCO Qlik, Western Cape. Getting data-driven, business-critical information into the hands of CFOs and their fellow C-suite decision-makers is a serious challenge. It means combining data from different sources into one information platform. In order to […]
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How CFOs can derive significant business benefit from the cloud
For years, conversations around the benefits that the cloud brings to business have centred on innovation and agility, with a focus on how organisations could become and remain more competitive. With the massive changes the Covid-19 pandemic has brought, though, companies have started having different conversations, and are now looking at how the cloud can […]
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Three Processes Ready for Automation in Finance
In my previous blog posts in this series, we looked at the challenges and subsequent benefits of automating the Procure-to-Pay and Order-to-Cash finance processes. In this third and final post in this blog series, we discuss the automation of the Record-to-Report finance processes. So far in our look at finance process automation we’ve seen how […]
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Three Processes Ready for Automation in Finance
In my first blog post in this series, we looked at some of the challenges surrounding Procure-to-Pay and how automating this finance function can reduce costs, improve governance, compliance, accuracy and supplier relationships, and create a better employee experience. In this blog, we focus on the automation of the finance process, Order-to-Cash. Order-to-Cash is one […]
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Three Processes Ready for Automation in Finance
This is part one of our Finance Process Automation blog series, in which we will examine three finance processes that are ripe for automation: Procure-to-Pay; Order-to-Cash; Record-to-Report Procure-to-Pay Procure-to-pay – which links procurement and supplier management to the broader finance function – is probably not the most exciting item on your company’s agenda. But what […]
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The case for increased automation of the finance function
Whichever way you look at it, automation has become a feature of the finance function – a very positive one at that. In 2014 research from McKinsey Global Institute estimated that activities comprising 34% of a financial manager’s time could be automated by adapting current technologies, freeing up finance professionals for more strategic activities. Executives sat up and listened. […]
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How CFOs are successfully using finance automation to achieve tangible results
Michael Brink explains how finance professionals can benefit from automating their financial close.Financial close automation is defined as the improvement of financial processes and controls across all aspects of finance. It serves to automate and enhance management process controls and analytics for all finance processes, thereby enabling finance to increase efficiencies and effectiveness.The finance office […]
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The reinvention of the finance function
The role of the finance function is undergoing a steady and profound shift. The rise of supportive technology is allowing finance professionals to fulfil an increasingly value-additive function as their traditional responsibilities are supplanted by digital technologies. This also means that the current crop of CFOs and finance professionals need to be tech-savvy.This change is […]
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The One-Day-Close: Automating Finance to Drive the Cost Agenda
When it comes to business financials, almost all modern-day organisations appreciate the deep value of achieving the illusive one-day-close. However, despite the myriad of technological solutions available, many organisations still struggle to consolidate financials effectively within a day or less. As the business world rapidly evolves into an increasingly virtual sphere, it is imperative that […]
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