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The finance module is often the first to be activated when a company deploys an enterprise resource planning (ERP) tool. This makes it the most important module of an ERP solution.
Every July 1st is Bobby Bonilla Day! You may not be aware that the now retired slugger signed a contract with the New York Mets in 2000 that deferred his $5.9 million salary in exchange for about $1.2 million per year from 2011 through 2035 on July 1st. And while this is a great payday, Bobby Bo recently announced that he was auctioning off his copy of the famous contract.
Warren Buffett once suggested that the concepts of time value of money and discounted cash flow (DCF) model were introduced more than 2500 years ago. In about 600 B.C. oracle Aesop formulated his investment insight "a bird in the hand is worth two in the bush" and since that time the model for calculating the value of an asset as the present value of the cash generated by this asset throughout its life has remained unchanged.
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
UK company insolvencies have jumped 70%, from 11,261 to 19,191 in the last year according to Mazars, the international audit, tax and advisory firm. Mazars said the figures come in the face of the highest interest rates in 13 years which have made businesses’ debts more expensive to service and has led to an even greater number of indebted businesses falling into insolvency.
UK company insolvencies have jumped 70%, from 11,261 to 19,191 in the last year according to Mazars, the international audit, tax and advisory firm. Mazars said the figures come in the face of the highest interest rates in 13 years which have made businesses’ debts more expensive to service and has led to an even greater number of indebted businesses falling into insolvency.
As more and more businesses follow through on digital transformation projects, they are rethinking their attitudes toward their own IT departments and contemplating what business functions can be hosted in cloud environments. One of those areas being considered for the cloud is enterprise resource planning software (ERP), for example. SAP’s Business One and Business ByDesign are two of the most popular ERP software packages for small-to-medium businesses, allowing users to manage key business fu
Companies excelling in the use of cloud computing work with three or four cloud providers rather than only one or two and do not spend much more on cloud platforms and services than their rivals, Deloitte found in a survey.
Multi-location and multi-entity businesses face unique problems when it comes to accounting. Some of the most common issues these businesses face include manual entry errors, decentralized payables, different currencies, inter-entity transactions, and taxation by location and country. As businesses grow, so does the accounting complexity, requiring a customized financial management system.
‘Martorelli was een filoloog die volhield dat zijn leerstoel Griekse letterkunde aan de Universiteit van Napels werd gesticht door Homeros zelf. We hebben allemaal zo’n collega.’ Geïnspireerd door onze zomergasten beantwoorden ook ‘lab rats’ de vragen: (1) Welke boeken hebben u als jurist het meest gevormd ? en (2) Welke boeken neemt u straks mee op vakantie of beveelt u aan?
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Business budgeting is a crucial factor with the ability to impact a business’ long-term success or failure. Along with providing important information regarding day-to-day operations, an accurate budget better enables companies to predict revenue, trim costs, and make decisions regarding expenditures and opportunities. Although there are multiple ways to craft a business budget, most companies use one of the following methods: a top-down budget or a bottom-up budget.
Many top executives are underwhelmed by the pay-off from spending on digital transformation, including after building new digital businesses within their companies.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Restaurants have had to adapt to wildly different business situations during the past several years. Think about the rise in curbside pickups and contactless delivery. These kinds of adaptations are also forcing new ways to pay and new systems that require integration into the restaurants existing accounting solutions. The basic accounting challenges restaurants face are daunting in addition to the day-to-day management. .
Put this phrase in your vocabulary for the second half of the year because you are going to be hearing it everywhere: “a mild recession.” This is where the puck is going. All of Wall Street’s chief strategists and chief economists are going to be pivoting to this case if they haven’t already. The “soft landing” idea is going to fade away.
Does the equity risk premium (ERP) vary depending on the term structure? Does reversion to the mean dictate that it will decrease the longer the time horizon?
Supply chain leaders must learn from the baby formula shortage A chaotic 2020, packed with unprecedented disruptions, dramatic climate events, and the first major global healthcare crisis in a century, rocked supply chains everywhere. Consumer awareness of the supply chain and how it impacts our communities and daily lives erupted virtually overnight.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
The big lesson from COVID-19 for business arguably is the importance of digital channels and diverse revenue sources. Thanks to lockdown measures and social distancing, businesses that lacked these two key components found it tough sledding. A multichannel distribution model is essential for success and future growth in the post-COVID business world.
QuickBooks is recognized for being a great basic accounting tool, and it is used by a lot of small businesses because it is user-friendly and affordable. Still, it is not an accounting solution that can handle business processes apart from financials. It is not a full enterprise resource planning solution. If you struggle to run your business using just QuickBooks and an ERP suite, then it’s time to move on up to Sage Intacct so your business can get real-time insights across multiple enti
A lot of nonprofit leaders are asking us about how to prepare their organizations for the possibility of a recession. So I decided to change up the format of my A Modern Nonprofit Podcast this week to talk directly to you about the steps you can take to prepare your organization for a potential recession: Click here to listen to the podcast on Apple Podcasts or Spotify. 6 Steps to Recession-Proof Your Nonprofit. 1.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Outdoor fashion and lifestyle retailer Joules has appointed ‘ Big Four ’ accounting firm KPMG to improve its cash position in the face of turbulent economic conditions due to the cost of living crisis. . According to reports from The Sunday Times , Joules has called in advisors from KPMG’s debt advisory practice to explore options to shore up its cash position, with raising fresh capital said to be among one of the options available. .
Choosing an enterprise resource planning (ERP) software solution is a big decision. Your ERP software is meant to be a cornerstone tool that helps you with all areas of your business. It needs to be flexible enough to suit your specific and unique needs. Two of the current industry leaders in ERP software are SAP Business ByDesign and Oracle NetSuite.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
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