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There are three new features — Intelligent Collections, Intelligent VendorManagement and Intelligent Planning — which are intended to remove time-wasting steps and friction and improve cash flow for corporatefinance teams, the release stated.
The enterprise resource planning ( ERP ) system has been a staple of corporatefinance operations for years, acting as a central repository of data and a hub to initiate a range of processes, from accounting to procurement. But the ERP of today doesn’t look like it used to. Disruption Ahead.
Discount broker Charles Schwab has hired 33-year Citi veteran Mike Verdeschi as managing director and deputy CFO. Following a transition period, Schwab, which also offers investment management and banking services, plans to promote Verdeschi to CFO when incumbent Peter Crawford retires after 23 years with the firm.
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