Monthly Archives: July 2018

The digital revolution is upon us and management accounts are feeling the heat. Change is here and its pace is accelerating, so it is important for accountants to transform their skills to succeed in the new role that digital technology created. As technological advances are eliminating or displacing many entry-level tasks, accountants are being freed […]

Companies everywhere are realizing that data analytics tools can help them identify real-time business changes, understand customers, and vanquish competitors. When so many web pages, whitepapers, and webinars promise that finance-led data analytics programs will transform an organization, it’s easy to buy into the hype. But how do you know which analytics solution will give […]

Often times, finance leaders leave little time to step back and look at how their business is performing day-to-day. Instead, viewing performance in any detail happens at year-end, where they are only able to see overall performance throughout the year. This method lacks the detail needed for important decision-making and boosting performance. Having year-round visibility […]

There will always be circumstances that come up in the farming industry where plans need to be adjusted due to new information or changes in external factors (climate, crop success, etc..). Most planning for farmers happens in the winter, but the practice usually gets pushed to the side during the busy summer months. However, it […]

A company that is agile and innovative requires an understanding of how data flows through the organization, interacts with various departments, and transforms itself. There are seven phases that typically happen during the data life cycle that managers need to ensure their data is going through: capture, qualify, transform, utilize, report, archive, and purge.  It […]

 “Effective supply chain management in manufacturing is essential for collaboration and coordination, as well as efficient business practices.” In today’s increasingly complex and digitally driven supply chain, where competitive advantage can quickly evaporate and on-time practically means yesterday, smart integration is essential to stay competitive. There are six primary ways that integration in the supply […]

Leading finance organizations costs have plateaued in recent years because they have already squeezed as much inefficiency out of their finance operations as possible with their pre-existing tools. Reducing finance cost is not just an exercise in cutting expense. It’s about building a leaner organization that frees up funds for redeployment into growth opportunities; and […]

The process of invoicing a customer includes maintaining customer and product master files, generating customer billing data, transmitting billing data to customers, posting receivable entries, and resolving billing inquiries. Process cost includes the fully loaded cost of personnel, outsourcing, systems, and overhead, as well as other allocations to the process. The best-performing organizations spend $2 or […]