The Ledger

The Right Technology Can Save Your Supply Chain

There are five trends causing the most stress in today’s supply chain industry – individualization, globalization, connectivity, mobility, and sustainability. Most of these challenges can be solved by technology, so it is important for specialists to understand how their organization can excel with innovative solutions. These solutions include an integrated business planning tool and an integrated e-commerce, warehousing, and transportation system allows you to streamline your order fulfillment processes for quick, efficient, and flexible customer delivery. Once supply chain specialists can get a handle on their technology, they will gain the agility and responsiveness to be successful.

Read More at The Digitalist by SAP >

Finance Function Cost vs. Strategic Value

“CFOs should decide how to balance their focus on the cost of the finance function versus its strategic value.”

CFOs are increasingly expected to accomplish more with fewer resources, so it’s important that they track how much it costs to run the finance function. This can be done by considering the total cost of the finance function as a percentage of revenue. Total cost includes personnel, systems, overhead, and any other costs necessary for day-to-day operation of the finance organization. CFOs should decide how to balance their focus on the cost of the function versus the strategic value they are trying to add. They need to look for opportunities to improve transactional efficiency and reinvest those savings into activities promoting strategic growth.

Read More at CFO Magazine >

AI Is Transforming the Wholesale Industry

Artificial intelligence and machine learning are becoming the new normal across all industries. Machines, computer software, and algorithms can now understand written and spoken words at a deep level. Analytics and data intelligence are enhancing business processes and facilitating more intuitive customer service practices. Artificial intelligence and machine learning technologies will facilitate a range of innovations for the wholesale industry. Better process automation, improved customer engagement, more effective assets and even new revenue models are now possible. Real-time data will be taken to new levels with the ability of these technologies to anticipate customer needs and extrapolate futures.

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Get Your Reports Back In Sync

Financial reporting is one of the most crucial aspects of any company’s success. Done right, financial statements provide an accurate picture of your organization’s outlook and performance. If they go wrong, on the other hand, inaccurate financial statements can spell disaster, causing shareholders to lose confidence in your company or your company to inadvertently exceed its budget. Finding discrepancies between your income statement and profitability reports can be a jarring experience that leaves you searching for answers and solutions. There are three main reasons you may be encountering these problems- you’re using different information, you’re analyzing data incorrectly, and you’re running on different schedules.

Read More at The Digitalist by SAP >