• For years now, there’s been much speculation on when finance would move fully to the cloud. The conversation is heating up again as investments in SaaS are growing by more than 20 percent per year, according to Forrester Research. 

    Based on insight from Forrester, some of the strongest drivers for this are:

    • The need for business agility
    • The speed of implementing software
    • The ability to focus valuable resources on other critical projects
    • The ability to reduce costs
    • The ability to deliver new functionality fast
    • The ability to regulate and automate how enterprise software is upgraded
    • The

    Posted by on December 29, 2016
    Topics: Cloud
  • As the year draws to an end, accounting and finance executives are preparing for the financial year-end closing. For many, this is a stressful time. But having a fast and accurate year-end close can bring many benefits to organizations. 

    In the final weeks and days of the year, while there is a keen focus on finishing up the year strong and closing the books, it is also important to plan for the new year. This includes finalizing the 2017 budget as well as considerations for upcoming regulatory changes. Pre-planning and preparation make it possible to close out 2016 strong and head into the

    Posted by on December 28, 2016
    Topics: year-end
  • 'Twas the night before year-end, when all through the company, the accountants were working, and starting to get grumpy. The statements were ready, prepared with great care, in hopes that the auditors soon would be there; 

    The staff were preparing, hunkered down at their desks; 

    While visions of New Year’s Eve danced in their heads; 

    And the controller in his sweater, and I in my vest, 

    Had just racked our brains for another year-end quest, 

     

    When out in the parking lot there arose such a clatter, 

    I sprang from my desk to see what was the matter. 

    Away to the window I flew like a kite, 

    I

    Posted by on December 27, 2016
    Topics: year-end
  • The concept of KPIs, or key performance indicators, has been around for many years. I was first exposed to them in the late 1980s while working in a strategic planning team to create an EIS (executive information system) for my company’s CEO and senior management team. 

    This basically involved identifying the key metrics or KPIs the executives wanted to see on their computer screens when they logged on each day.  Once these were determined, we then started developing the reports and charts that would be displayed.  This included metrics related to Sales, Expenses, Employees, and Customers.

    Posted by on December 22, 2016
    Topics: KPIs
  • It’s easy to take for granted all the technology advances of the past few decades. Today we hold face-to-face meetings with colleagues halfway around the world through our laptops. We know within a few clicks if a line of business is underperforming – and we can do something about it before it’s too late.

    We also make smarter M&A decisions because we can more accurately model the risks, valuation, and costs before final decisions are made. Yet for all the ways that technology has made our work lives easier, there’s one area that still lags: the financial close process. Despite the ubiquity

    Posted by on December 20, 2016
  • Demand for cloud-based applications is rapidly increasing in the office of Finance.  If you're considering cloud products or services, you'll hear a lot of related terms tossed around that can easily be confusing.

    Such is the case with the terms "cloud-based" and "SaaS". Both refer to software and/or related storage capacity that is in the cloud. And while most software vendors now claim to offer SaaS or cloud-based applications, not all of the deployment models are the same.  You can hear what an industry analyst and one cloud customer have to say about this in the recent webinar Navigating

    Posted by on December 15, 2016
    Topics: Cloud