20 January, 2022 Business analytics is a powerful tool across all industries. Companies are generating vast amounts of data which, in turn, increase the need to interpret and analyze that information. In light of this trend, an in-depth understanding of business analytics can be a way to advance better decision-making in the company. Companies use …
16 September, 2021 Usually, companies check their past performance and in an attempt to plan for the future – at least, this has been the practice of several generations of companies worldwide. Yet, in a world in which technology is evolving faster than business, these methods and static, unadapted business plans are becoming obsolete. Business …
9 September 2021 Today’s world as we know it is driven by vast amounts of data. Data drives every process in an organization, making it impossible to act and make valuable decisions without accurate data. It is risky and no longer enough to make complex decisions based solely on intuition. To stay competitive, decisions must …
2 September, 2021 Cash is King. Cash rules over all business processes and ultimately over business success. Insufficient cash flows will run any company into serious troubles, regardless of its background. Thus, proper Cash Management and Forecasting is essential to any company’s success. When making business decisions, it is crucial to have a clear understanding …
27 July, 2021 Global corporate payments technology is changing at a higher speed than ever. However, this change is accompanied by challenges. The rapidly changing nature of payments raises problems for many finance teams, ranging from insufficient controls, custom banking formats, infrastructure costs, and delayed projects. However, the most crucial challenge remains fraud through simple …
9 February, 2022 Fraud is more lucrative than ever for criminals. There has been a progressive increase in both fraud attempts and successes, primarily through cyber-attacks. Cyber-criminals are using technology to perpetuate fraud on a historic scale. But technology is two-sided — technological solutions can provide a defense against both old school and cyber-based attacks. …
25 February, 2022 Making informed decisions in an increasingly complex and ever-changing world is crucial for companies. Good decision-making should involve more than just good judgement and strong intuition. It also requires data-based insights. Effective decision-making must be based on data analysis, planning, as well as the execution and evaluation of decisions and their predicted impact. Information systems …
01 February, 2022 Chief Financial Officers (CFOs) are playing an increasingly important role in driving change in their companies. In addition to traditional CFO responsibilities, the number of functions reporting to CFOs is on the rise. Also increasing is the share of CFOs saying they oversee their companies’ digital activities and resolve issues outside the …
12 January, 2022 Finance is entering a golden age of technology. As more software solutions become available as cloud-based formats, cloud-based finance applications and micro-services will also proliferate. Companies will be able to drastically reduce the complexity and cost of technology without sacrificing functionality. Companies are still in the early stages of applying digital technologies …
20 July, 2021 2020 has put a toll on many businesses. Uncertainty, risks, and volatility have reached an all-time high, demanding companies’ unrestricted attention. These troubling circumstances have proven that even profitable, long-established companies should always look out for what is lying ahead. In 2021 organizations should focus on overcoming inefficient processes and past mistakes …
