The IRS is warning small businesses once again – cybercriminals are seeking your companies’ financial information anyway they can. Often it’s by targeting the “weak link” in your organization who opens an email despite being trained over and over on how not to fall for the obvious bait. With the bulk of tax documents rolling […]
With an unclear economic picture for 2023, it’s important to take advantage of opportunities to make your business more efficient. But your spend management – which may be hindered by manual processes, and paper receipts, card statements, expense reports and invoices – can be a humongous speed bump on the road to efficiency. If your […]
To keep your business competitive in the midst of a labor shortage it may take more implementation of digital finance technology which enables teams to get more done in less time. Technology (including finance technology) has a lot to do with why overall worker productivity is noticeably higher than it was 40 years ago, according […]
Too many add-ons in an increasingly digital work environment can become overwhelming for some employees, leading to tech overload. A survey by contextual mobility management solution company TRUCE Software found: Almost a quarter (23.9%) of workers are concerned that they always need to be connected 7% are concerned about needing to learn new systems or […]
For many of your peers, the pandemic exposed areas of their financial systems that were out of date, especially when it came to month-end close. For example, research by Robert Half found almost seven out of 10 companies rely on spreadsheets to control financial close and cover any gaps in their reporting process (which are […]
When it comes to launching digital transformation initiatives to keep an organization competitive, Finance leaders like you are being counted on to be the sparkplug. The majority of CFOs and Controllers (92%) surveyed in the latest Digital Controller/CFO benchmark study by Controller’s Council said they manage their organization’s Finance and Accounting (F&A) technology and 61% […]
It’s easy to take your company’s payroll technology for granted – until it becomes obviously outdated. That’s why it may be time to evaluate whether the processing system you have in place will be able to grow with your business. Payroll continues to evolve from a back office function to a strategic Finance function – […]
Since the pandemic began in 2020, B2B cash application – the process of matching a payment from a customer to the corresponding invoice being paid – has been slow and inconsistent at times for many supplier companies. Part of it is caused by supply chain issues, part of it’s due to a remote workforce, and […]
To effectively fight inflation right now, optimization of your company’s working capital needs to be top of mind. “You don’t want to overlook profits or ignore profits, but it’s really all about cash. Cash is something [that] once you spend it, you can’t unspend it,” said consultant, author and former CFO Carl L. Young during […]
