- Cloud-based financial tools are emerging as a solution for CFOs to save money, maximize efficiency and drive growth, but many CFOs remain unfamiliar with these tools.
- A survey found that while CFOs know of the cloud in general, most are unaware of new tools designed for finance departments, so they continue relying on paper and Excel.
- Early adopters of cloud-based financial systems report improved cash flow visibility and receivables/payables processes, indicating first-mover advantage.
Brighttalk converged infrastructure and it operations management - finalAndrew White
How Converged Infrastructure Will Change IT Operations Management
Over the past decade, Enterprises have leveraged a shared service model to make IT more cost effective. The emergence of “Converged Infrastructure” and “Fabric-Based Infrastructure” will allow IT to offer purpose driven solutions rather than the function driven solutions of the past. To do this, IT will need to evolve towards more modular designs, rely more on open standards, and rethink their approach to management frameworks.
In this session you will learn:
How converged infrastructure is used to create purpose driven solutions
Why new operational challenges are faced as this new approach is used broadly
What changes need to occur to succeed with this new paradigm
Brighttalk converged infrastructure and it operations management - finalAndrew White
How Converged Infrastructure Will Change IT Operations Management
Over the past decade, Enterprises have leveraged a shared service model to make IT more cost effective. The emergence of “Converged Infrastructure” and “Fabric-Based Infrastructure” will allow IT to offer purpose driven solutions rather than the function driven solutions of the past. To do this, IT will need to evolve towards more modular designs, rely more on open standards, and rethink their approach to management frameworks.
In this session you will learn:
How converged infrastructure is used to create purpose driven solutions
Why new operational challenges are faced as this new approach is used broadly
What changes need to occur to succeed with this new paradigm
IN THIS E-GUIDE, LEARN HOW TO:
-Bridge the Gap Between C-Suite Executives and In-House IT Teams
-Calculate the True Cost of Downtime
-Zero In On Infrastructure Vulnerability to Data Center Downtime
-Avoid/Recover Accidental Data Deletion and Employee Created Downtime
Leveraging Cloud for Non-Production EnvironmentsCognizant
Moving to the cloud not only enables application development and testing organizations to reduce capital outlays; it can also reduce IT cycle times while improving quality.
Webinar: Gaining Control and Visibility of Your Virtualized InfrastructurePepperweed Consulting
With additional point tools for managing virtual components and new groups responsible for managing virtualized deployments, virtualization raises the complexity of data centers as well as can cause splintered visibility and control. These have in cases increased IT operating costs and have stalled virtualization deployment to around 30% of the available infrstructure. In Part III of its five-part webinar series Managing IT Operations in a Virtualized World, Pepperweed Consulting will discuss HP Software Operations Center tools that will give you a single view for controlling, maintaining, and operating your physical and virtual infrastructure.
The VictorOps 2014 State of On-call report. This report, presented as a WebCast and released as a report is the first ever study of the people, processes and emotions of being on-call for technical organizations. If you are overhauling your on-call structure there are great tips how to make that job Suck Less !
http://www.cloud9realtime.com/ Cloud Computing Disaster Readiness Report by software security giant Symantec in 2012 clearly shows that cloud computing disaster readiness is being embraced in North America and everywhere.
Devil’s Advocate: A Methodology to Improve Competitive IntelligenceDr. Avner Barnea
Creating an influential CI unit, with strong capabilities in analysis. The methodology of Devil’s Advocate can Improve Competitive Intelligence performance
To take action before IT security attacks become critical, organizations need the analytics capabilities necessary to identify anomalous and suspicious behavior quickly.Our Anomalous Behavior Detection Solution addresses security issues that conventional methods can’t. It can help to detect and prevent theft of data or intellectual property (IP), for instance at the behest of nation states, organized crime, or by a disenchanted employee. It can quickly identify when a user is behaving in a way that is abnormal for them and take appropriate action to limit what they can do, or flag up the situation for managerial attention. It can also predict when anomalous behavior is likely to occur, flagging events of interest for further investigation for potential security breach.
IN THIS E-GUIDE, LEARN HOW TO:
-Bridge the Gap Between C-Suite Executives and In-House IT Teams
-Calculate the True Cost of Downtime
-Zero In On Infrastructure Vulnerability to Data Center Downtime
-Avoid/Recover Accidental Data Deletion and Employee Created Downtime
Leveraging Cloud for Non-Production EnvironmentsCognizant
Moving to the cloud not only enables application development and testing organizations to reduce capital outlays; it can also reduce IT cycle times while improving quality.
Webinar: Gaining Control and Visibility of Your Virtualized InfrastructurePepperweed Consulting
With additional point tools for managing virtual components and new groups responsible for managing virtualized deployments, virtualization raises the complexity of data centers as well as can cause splintered visibility and control. These have in cases increased IT operating costs and have stalled virtualization deployment to around 30% of the available infrstructure. In Part III of its five-part webinar series Managing IT Operations in a Virtualized World, Pepperweed Consulting will discuss HP Software Operations Center tools that will give you a single view for controlling, maintaining, and operating your physical and virtual infrastructure.
The VictorOps 2014 State of On-call report. This report, presented as a WebCast and released as a report is the first ever study of the people, processes and emotions of being on-call for technical organizations. If you are overhauling your on-call structure there are great tips how to make that job Suck Less !
http://www.cloud9realtime.com/ Cloud Computing Disaster Readiness Report by software security giant Symantec in 2012 clearly shows that cloud computing disaster readiness is being embraced in North America and everywhere.
Devil’s Advocate: A Methodology to Improve Competitive IntelligenceDr. Avner Barnea
Creating an influential CI unit, with strong capabilities in analysis. The methodology of Devil’s Advocate can Improve Competitive Intelligence performance
To take action before IT security attacks become critical, organizations need the analytics capabilities necessary to identify anomalous and suspicious behavior quickly.Our Anomalous Behavior Detection Solution addresses security issues that conventional methods can’t. It can help to detect and prevent theft of data or intellectual property (IP), for instance at the behest of nation states, organized crime, or by a disenchanted employee. It can quickly identify when a user is behaving in a way that is abnormal for them and take appropriate action to limit what they can do, or flag up the situation for managerial attention. It can also predict when anomalous behavior is likely to occur, flagging events of interest for further investigation for potential security breach.
Maximizing the ROI from Online MarketingScott Abel
Presented by Gian Fulgoni at Web Content Chicago, June 17-18, 2008.
Marketing dollars are moving rapidly from traditional media to the Internet. IDC estimates that $25 billion was spent on search and display advertising, in 2007, up 27% over 2006. However, the very nature of consumers’ online behavior dictates that marketers think in new ways if they are to maximize the return from their investments in online advertising.
This presentation will examine how consumers are using the Internet and identify the ways in which advertisers can best market to them. This will also reveal the key metrics that marketers need to use as they plan and analyze their online marketing efforts so as to maximize their ROI.
The database used for this discussion will be comScore’s panel of 2 million people who have given comScore explicit permission to track the complete details of their online activities.
Improving Intercompany Reconciliation for a Faster CloseFindWhitePapers
Remove the single greatest barrier to the fast financial close – intercompany reconciliation – from the financial close's critical path while improving the quality of data by using a software solution, such as BusinessObjects Intercompany, to gain dramatic time savings with comparably little effort.
Whitepaper - 10 Key Factors Driving Rapid Cloud Accounting System AdoptionXledger UK
This whitepaper takes a closer look at what’s driving the rapid adoption of cloud accounting systems and provides an overview of the 10 key factors that are pushing more and more CFO’s into the cloud for accounting and financial management.
Case Study on Driving Procure to Pay (Purchase to Pay) Quick WinsChazey Partners
The Procure-to-Pat (Purchase to Pay or P2P) process offers great opportunities for improvement, especially in companies that are decentralized, still paper-based, and lacking standardization. This case study illustrates how a global financial services company significantly improved vendor satisfaction as a result of a focused re-evaluation of the end-to-end process.
Cloud technology is no longer a new player in the market,
but it’s a mature and integral part of the IT landscape and a
key parameter in driving business growth. It is an
indispensable topic among CXOs. A research by Fraedon has
found that almost half of the banks find their legacy
systems to be the biggest hindrance in their growth.
Virtualization infrastructure in financial services rully feranataRully Feranata
Over many years, the IT function in financial institutions has evolved from a mere transactional tool into
a pervasive, integral element of virtually every aspect of doing business. This transformation has
constituted a fundamental, structural change in the financial services arena and has put IT performance
at the top of the CEO’s agenda at most banks and insurance companies.
Watch the Webinar >> http://bit.ly/QlKgU0
The Cloud Agenda for Finance:
The Evolving Market for Core Financial Applications & Technologies
Join guest speaker Paul Hamerman of Forrester Research, Inc., for this special webinar as he discusses the key trends and challenges for core Financial Management applications and technologies, and the accelerating shift from traditional ERP financials to cloud-based alternatives.
Attendees will learn about the following:
- Key trends and challenges for 2012 in the Financial Management technology market.
- Recent accelerating shift from traditional ERP financials to cloud-based alternatives.
- Barriers companies typically face when thinking about the cloud/SaaS and how they are being mitigated.
- Financial Management innovation and technologies offered by Workday for enabling increased agility, insight, and control.
About Workday
Workday is the leader in enterprise-class, Software-as-a-Service (SaaS) solutions for managing global businesses, combining a lower cost of ownership with an innovative approach to business applications. Founded by PeopleSoft veterans Dave Duffield and Aneel Bhusri, Workday delivers unified Human Capital Management, Payroll, and Financial Management solutions designed for today's organizations and the way people work. Delivered in the cloud leveraging a modern technology platform, Workday offers a fresh alternative to legacy ERP. More than 280 customers, spanning medium-sized organizations to Fortune 50 businesses, have selected Workday. Visit us at www.workday.com.
FinancialForce CaseStudy-Centerstance High Swiftype
Greg Lueck, Managing Partner at Centerstance talks about the impact of FinancialForce PSA on his organization: Our sales team now sees that deals and requests are being approved instantly - they no longer have to focus energy on the approval cycle and can focus on how to move deals forward and close them, making us more efficient and ultimately profitable.
Whitepaper Cloud Financials Come Of Age Pdfjingels72
This whitepaper is written by Saugatuck Technology titled "Cloud Financials Come of Age" which discusses cloud computing and cloud financials.
A model demonstrating why SaaS is the best option for banks when accessing technology. Credit Risk systems are key interface points for bankers and an ideal case study. Banks have long ago realised owning property is not a good use of capital, and the logic is more compelling for a fast depreciating asset like software.
Ahimsa Peace Institute a dba of Gandhi Worldwide Education Institute Nevada
www.gandhiforchildren.org
Partner - Program
AVANI’S programs include a children’s home for girls, study classes in the slums, online education and mobile libraries for children living in the waste picker slum communities. During the COVID-19 national wide lockdown affected businesses causing many of them to shut down. Jobs were lost. The Kolhapur floods in July 2021 affected thousands of people. During times of crisis, AVANI quickly mobilizes their staff and resources and assists the destitute and deprived sections by distributing food and providing hygiene kits to anyone in need. Since 1994, Avani has rescued and prepared over 78,000 deprived children and admitted them into school throughout the 03 Districts we work in the state of Maharashtra.
Gandhi Legacy Tour - Satyagraha Tour of South Africa www.gandhitour.info/safrica
A Day In Sharpeville - http://www.gandhitour.info/a-day-in-sharpeville/
"Gender Equality and the Economic Empowerment of Women" by Dr. McLarenGandhi Legacy Tour
Dr. Margaret McLaren, Department of Philosophy and Religion, Rollins Collins, Orlando Florida has partaken in two Gandhi Legacy Tour of India trips and the Satyagraha Tour of South Africa journey with Dr. Arun Gandhi. She has visited India many times on her own including a two week stay in Ahmedabad to further study the SEWA (Self Employed Women's Association) organizational model.
She gave permission for Gandhi Legacy Tour to share the following published paper on "Gender Equality and the Economic Empowerment of Women." She illustrates the connection between women's economic empowerment and the resulting overall improvement of quality of life by looking at the models of Marketplace of India and SEWA two of the organizations she connected with while on the Gandhi Legacy Tour of India.
http://www.gandhitour.info/india
http://www.gandhitour.info/handwork-of-india/
http://www.gandhitour.info/sewa-india-ahmedabad/
AVANI Brochure for CSR (corporate social responsibility)Gandhi Legacy Tour
The Challenge: Protecting India's At Risk children while developing responsible citizens of tomorrow. All children have a role in India's future. All children have a role in the world's future.
Super adobe dome. The super adobe technique of sustainable construction has been around for hundreds of years. The method has been refined throughout the past 40 years to utilize simplified assembly so non-architects and non-engineers can build their own homes.
80% of SMBs in North America now indicate that cloud computing adds to continued business growth, according to a new investigation from Techaisle. This is a big departure from earlier years, when the focus was primarily on reducing IT expenditures. The report results indicate that cloud computing providers and resellers should rightly expand their sales presentations with prospective customers beyond the cost and capex vs. opex motivations for moving to cloud computing, concentrating more on the business value proposition of cloud-based services.
You already have tax season system, whether it’s codified or not. But does your tax season system reflect careful and strategic planning and training, or does every tax season bring with it a grueling struggle to the goal line? Are you receiving the most out of each of your tax prep team, or do partners often perform work that tax preparers should do, cutting into partners’ time to see clients?
SmartCenter has created this cool infographic with five do’s and don’t that will help you and your tax season system survive this year.
http://www.cloudsway.com/blog/
Led by Arun Gandhi, 5th grandson of Mahatma Gandhi
“While Nelson Mandela is the father of South Africa, Mahatma Gandhi is our grandfather,” Harris Majeke, South Africa’s ambassador to India, said at a recent public gathering. “Mandela was inspired by the Satyagraha campaign led by Gandhi. It was a compelling act of passive protest against oppression. This would later inspire the formation of the African National Congress and strengthen Mandela’s belief in our shared humanity.”
As Gandhi scholar David Hardiman points out, Mandela never ceased regarding Gandhi as an inspiration, and, in fact, saw nonviolence as an integral part of the movement. “Violence and nonviolence are not mutually exclusive; it is the predominance of the one or the other that labels a struggle,” Mandela said.
Nelson Mandela said: “India sent a man to South Africa and we sent back a Mahatma Nelson Mandela said: India sent a man to South Africa and we sent back a Mahatma.”
Join Gandhi India Tours and Arun Gandhi on a journey through India following the philosophies of his grandfather Mahatma Gandhi. Visit Gandhian historical sites with Arun and his son Tushar Gandhi. Travel through Mumbai, Pune, Porbandar, Rajkot, Surat to Dandi, Ahmedabad and New Delhi. http://www.gandhitour.info/india
This Issue –
1) Spotlight on Adrian Cronauer
2) Announcements
3) Client and Affiliate News
4) New Client Roll Call
5) Trade Missions Today
6) CAT People
7) Spotlight on Fresh Creations
We know that buying a car is expensive. And unfortunately, maintaining that car to keep it safe and in peak running condition can be expensive too...that is...until now! All of us at Star Motors are pleased to introduce our Elite Car Care Club. We've formed this club to help you save hundreds of dollars on many of the auto repair services that you'll probably need over the next year in order to properly maintain your car.
Join Gandhi India Tours and Arun Gandhi on a journey through India following the philosophies of his grandfather Mahatma Gandhi. Visit Gandhian historical sites with Arun and his son Tushar Gandhi. Travel through Mumbai, Pune, Porbandar, Rajkot, Surat to Dandi, Ahmedabad and New Delhi. Meet with women’s and child rights grass roots organizations that are making a difference in their daily lives through income generation. Enjoy time with Dr. Vandana Shiva at her Navdanya Farm in Dehradun, India. http://www.gandhitour.info/india
About The Author: Arun Gandhi is one of nine surviving grandchildren of Mahatma Gandhi. He currently lives in Rochester, New York, and is founder president of the Gandhi World-wide Education Institute, Wauconda, Illinois. See: www.gandhiforchildren.org and www.arungandhi.net
About The Author: Arun Gandhi is one of nine surviving grandchildren of Mahatma Gandhi. He currently lives in Rochester, New York, and is founder president of the Gandhi World-wide Education Institute, Wauconda, Illinois. See: www.gandhiforchildren.org and www.arungandhi.net
About The Author: Arun Gandhi is one of nine surviving grandchildren of Mahatma Gandhi. He currently lives in Rochester, New York, and is founder president of the Gandhi World-wide Education Institute, Wauconda, Illinois. See: www.gandhiforchildren.org and www.arungandhi.net
Why is Peace Elusive? by Arun Gandhi
About The Author: Arun Gandhi is one of nine surviving grandchildren of Mahatma Gandhi. He currently lives in Rochester, New York, and is founder president of the Gandhi World-wide Education Institute, Wauconda, Illinois. See: www.gandhiforchildren.org and www.arungandhi.net
About The Author: Arun Gandhi is one of nine surviving grandchildren of Mahatma Gandhi. He currently lives in Rochester, New York, and is founder president of the Gandhi World-wide Education Institute, Wauconda, Illinois. See: www.gandhiforchildren.org and www.arungandhi.net
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
The effects of customers service quality and online reviews on customer loyal...
Bill.com Survey Results
1. For Clarity, CFOs
Look to the Cloud
Bill.com survey shows early adopters
are getting first-mover advantage as
finance managers adopt the cloud
“We’re a fast growing In today’s high-pressure economic cli- to provide insight into how CFOs are
mate, CFOs and other financial manag- thinking about cloud-based financial
company and the only ers are aggressively searching for ways systems, whether they plan to imple-
to save money, maximize efficiency, ment the systems, and what they see
way we’ve been able and drive growth. Increasingly, cloud- as the advantages and disadvantages
achieve that is by lever- based financial tools are emerging as a of online tools for managing tasks like
solution that can help them accomplish accounts payable, accounts receivable,
aging cloud-based sys- their daily tasks more efficiently while and cash flow.
improving their cash flow management
tems like Bill.com. I can and visibility. Financial execs still foggy
tell you if we didn’t Yet, while most CFOs are aware that about the cloud
leverage that, we wouldn’t other departments are moving to While CFOs in general were familiar
cloud-based solutions, early adopters with the cloud, most were not yet
be able to grow as fast are just becoming aware that tools aware that new products were emerg-
exist for the finance department, acc- ing in this space, created specifically to
and efficiently as we have.” ording to a new research study by serve their needs. As a result, paper-
Bill.com. As a result, many CFOs based manual processes and static
David Ostrowe remain stuck in the past, continuing spreadsheets remain the standard
President, O&M to rely on paper-based processes and
Restaurant Group tools for financial executives, and
Excel spreadsheets to do their work. managing cash flow continues to be an
The survey, taken in August 2012, imprecise, time-consuming task. When
includes responses from 355 CFOs and asked what system they currently use
financial executives in a wide range of to predict future cash flow, 72.9% of
industries. The study is one of the first respondents said they still use their old
2. Excel spreadsheets, 8.5% use an ERP Could misconceptions 33% of respondents said no and 37%
system, and 8.3% said they just do the said they were unsure. Only 30%
calculations in their head. The remain- slow the move to online thought a cloud-based system could
ing 10.3% said they don’t use any tools systems? offer a better way. However, organiza-
at all. (See Figure 1.) tions that have embraced cloud-based
Why has it taken so long for CFOs to finance tools are realizing the tremen-
consider moving to the cloud? One dous value. A separate study of 541
theory is that some recall intense U.S. finance executives by Dimensional
technology projects from a decade Research found that 92% of organiza-
ago – projects that were notorious for tions using cloud-based planning tools
going over-budget, sucking up time in have seen improved results, demon-
intense user-training sessions, and not strating the first-mover advantage
integrating well with existing systems. already in place.
As a result, some financial executives
might dismiss technology initiatives Early adopters reap results,
as too risky and time-consuming. In reaffirm that cash is king
Figure 1.
fact, when asked what they think are
What System is Currently Used Early adopters who have switched to
to Predict Cash Flow? the biggest challenges in moving to
cloud-based financial systems told
a cloud environment, 64.1% of survey
Bill.com they have greatly improved
respondents said integration with
CFOs’ frustration with this status quo both their accounts receivable and
existing systems, 54.7% said system
was clearly expressed in the Bill.com accounts payable processes. Sav-
and network security, and 43.6% said
survey. When asked to name the top ing money and time are significant
introducing a new process.
three challenges faced by CFOs today, motivating factors for companies that
respondents cited the inability to fore- There is a widespread misconception are considering a cloud-based system.
cast results (51.1%) and manage cash that it can take from six months to a 65.2% of survey respondents said sav-
flow (47.4%) as their most pressing year to implement any new technol- ing dollars and hours would lead them
concerns. These numbers indicate that ogy, including cloud-based systems. to the cloud.
financial executives could greatly ben- One CEO of a large franchise chain
Indeed, knowing when customers will
efit from tools that provide real-time told Bill.com that he originally calcu-
pay is the number one problem faced
visibility into the amount of money lated it would take months to get all
by finance departments on a daily
they’re paying out and taking in, at 25 of his locations up and running on a
basis, according to the Bill.com study.
any given moment. cloud-based financial system. When he
Almost 59% of respondents cited it
finally made the transition, it took him
However, despite their general famil- as a top concern. Other high-level
under 2 hours.
iarity with the cloud, 16.5% of financial concerns, survey respondents said, are
executives said that, as far as they In reality, cloud-based systems are easi- difficulty estimating cash flow (55.7%)
know, cash flow management tools er to implement than other software and slow action by those employees
and systems are nonexistent in the packages, in large part due to new who are tasked with approving invoices
market. Only 22% said they know the technology and open APIs. Most cloud to be paid (46.3%). (See Figure 2.)
tools exist but their company doesn’t applications are built from the ground
use them. up with the goal of lowering the cost,
time, and risk of integrating them with
These results show cloud-based tools, existing on-premise and on-demand
especially those for cash flow manage- applications. This means companies
ment, are still emerging in the market can implement cloud systems in record
place and that defining this new space time and users can reap the benefits
and educating the market will be with minimal training.
critical work for companies leading in
this new cloud-based financial pay- The more likely factor in CFOs’
ments space. For early adopting CFOs, responses is not misgivings from the
Figure 2.
deploying tools that are on the brink of past, but simply a lack of education What Are the Top 3 Problems Faced by
changing the financial industry will give around the space, a space that has Your Finance Department?
them a competitive advantage as they only started to take shape in the past
leapfrog past other companies, due to two years. When asked if they believe
their increased efficiency, effectiveness, it’s possible to eliminate the hassle of
and cost-savings. paying bills with a cloud-based system,
3. This last number comes as no surprise, However, by using the cloud, compa- Another incentive for moving to the
given the inefficient workflows and ap- nies could reduce the cost of sending cloud is the chance to reduce the
proval processes that hobble most or- invoices, while collecting receivables flow of paper bills and transition to a
ganizations. Financial executives have 2 to 3 times faster. In terms of hard paperless work environment. The vast
long complained about paper-based numbers, a small company sending an majority of survey respondents (85.5%)
invoices and expense reports that take average of 100 invoices a month would said reducing paper was either very
weeks or months to be approved, cut their expenses from $2200 to $750 important or somewhat important
because people put them aside, forget per month by using the cloud, accord- to them. Only 14.5% said it was not
about them, or file them under a pile ing to separate research conducted important at all.
of other papers. As a result, bills get by Bill.com.
paid too late and cash flow forecasts
Similarly, financial executives are
Cloud opens new horizons
grow ever more unpredictable.
discovering that, by putting their AP There is nothing more important to
The cloud can alleviate many of these process in the cloud, they can cut the CFOs than control—control over cash
problems, say CFOs who have adopt- work by more than half and slash the flow, payables, and receivables. At a
ed online invoicing and billing systems. cost by 50% to over 70%, a saving that moment’s notice, they need to know
For instance, online finance services amounts to tens of thousands of dol- what the business is doing and where
enable them to better track bills and lars for many organizations. In fact, a it’s going. They need intelligent finan-
monitor the approval process. That’s company with an average of 100 bills a cial systems that can accurately predict
because these payables tools eliminate month that uses a cloud-based system what will happen and when—systems
the inefficiencies of manual processing. can reduce costs from $3800 to $309 a that give them deeper insight to their
Instead, invoices to be paid are auto- month, according to industry research. cash flow and help them discern loom-
matically routed to the right person for ing shortages before they happen.
approval and prioritized for attention. Financial executives who have adopted
In fact, when asked the one piece
online systems also value the ability
of advice they’d offer as an industry
On the receivables side, finance pro- to approve bills remotely, wherever
expert, 31.9% of survey respondents
fessionals who use cloud-based tools they happen to be. One CFO noted
recommended implementing business
said on average they get paid faster that a cloud-based system unchained
controls, while 26.8% said automating
than they did using traditional paper him from the office and allowed him to
to avoid human error.
systems. In addition, when asked how approve an important invoice from his
much it costs their Accounts Receiv- mobile phone, while watching his child As cloud-based financial tools gain
able organization to process and send compete in a local swim meet. wider attention, CFOs will increasingly
an invoice, 38.7% of respondents said turn to these solutions to achieve bet-
under $5 and 32.2% said $5 to $10. Another priority that was uncovered
ter control, efficiency, and ROI.
In fact, the majority of respondents in the survey is that CFOs are looking
For early adopters, deploying cloud-
are likely underestimating the cost to implement systems that can help
based tools will result in a significant
because they’re not fully factoring in their business grow. Some 43% of
advantage in an increasingly competi-
the price of labor, materials, and other respondents said scalability was one of
tive marketplace, which will be driven
inputs. According to industry stan- the factors that would influence them
by more pioneering cloud-based solu-
dards, the average cost of processing to adopt cloud-based services. Only
tions as the cloud business payment
and sending an invoice is actually over 24.8% said scalability was not a factor,
space matures.
$22. (See Figure 3.) while 32.2% said they were unsure.
Figure 3.
How much does it cost your organization to pro-
cess and send an invoice (including labor costs)?
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