For most businesses, it makes good sense to get started with basic accounting software. Then, as financial and customer service requirements demand, you can move to more sophisticated business systems. A logical approach.
The challenge is in recognising the right time to make the switch. When you are immersed in the day to day operations, it’s easy to ignore the red flags of trouble ahead. We wrote this white paper to help you. The stories that follow are based on real companies. Real people, just like you who were having problems because they kept their entry or legacy accounting system a little too long.
Article by The NETSTOCK Mentor
When it comes to risk, we often have little factual information to work with. Even when we are aware a supplier is “risky”, we may only have a very subjective perspective and are influenced by opinions and emotional factors. Our decisions are often biased on the basis of hoped for results with little fact to back it up.
When the end of the month rolls around, you know ensuring accuracy and efficiency in your close often means long days and late nights. It doesn't have to be that way, or at least not as bad. Use the latest enhancements to the BlackLine and incorporate the following three process improvements to save time, every time you close your books.
Nestling within the thousands of tasks and activities comprising the financial close is the reconciliation process. Reconciliations fall into two main categories, namely, high transaction volume reconciliations such as local bank reconciliations, and secondly, the more specialised and intricate reconciliation of balance sheet movements.
Using big data to steer organisation change
In this eBook, Investing in Insights: Getting the Most from Your Data, CFO Publishing shares key strategies for taking advantage of big data and driving ROI from your technology investments. CFO also helps answer tough questions about the practical applications and potential of Big Data, while offering concrete examples of how finance departments are making it manageable, actionable, and valuable.
Article by the NETSTOCK Mentor
As the manager or owner of a business focused on providing customers with a high level of service while targeting a specific inventory value or stock turn, you will most likely have experienced the frustrations and difficulties in achieving the desired results.
So why is it such a struggle? Let's have a look at the details
So you recognise the importance of moving to a digital platform. You’re tired of the old, incumbent processes your company is currently utilising. But you’re also probably asking a number of questions: How do I start on the digital path? Where do I begin? How do I stack up against my competitors? Which is the right area to invest?
There are a number of key steps involved in ensuring a smooth transition from the old to the new ways of working, so we’ve outlined the integral points for you and your company to follow in order for you to successfully go digital effectively.
Today’s digital world is progressively changing the way that clients interact with professional services firms. Client expectations are shaped by day-to-day consumer experiences where immediate responses and on-demand self-service access to information is the norm. Now more than ever, building trusted relationships and maintaining a solid reputation depends on delivery of outstanding and increasingly distinctive experiences.
A survey by IDC and DM Review Magazine gives us these haunting statistics:
- 17 months is the average implementation time for a BI project
- 5 months needed to deploy the first usable BI artifact
- $1.1m is the mean, annual expenditure on a BI project for companies with more than 1,000 employees
- 31% of BI projects are declared successful
- 36% confidence rate that the right data is available to the right people at the right time
CRM mobility scenarios have become a hot topic as an increasing number of organizations find reasons to empower their employees with critical sales and service information in the field. As more people work in the field, they are also responsible for serving customers. For these remote employees, it is critical that they stay connected to customer-centric information while on the move.