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June 17, 2015
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Content we love: APQC Blog – Are You Ready to Fix Your Process?

APQC is running a great series of blogs around the process improvement cycle that follows our experiences of the process management cycle. Although “Improving finance technology is the #1 method that finance professionals identify for making finance processes more effective¹”, it isn’t a panacea and yet this is commonly the starting point for most companies. While...

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March 12, 2015
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3 Steps to Financial Transformation

In our last blog, ‘Should we all be thinking effort to close rather than time to close?’, we demonstrated how companies have been able to have the best of all worlds, providing their business with improved quality, reduced costs, and reduced time across their close process. So, what can you do to reach this nirvana?...

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March 3, 2015
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Should we all be thinking effort to close rather than time to close?

Companies pay specific attention to their time-to-close, and reducing this has been a key financial objective for years. However, is this the most useful indicator when looking at your close performance? Speed vs Quality The common adage in terms of speed, quality, and cost states that you can only pick two. One Trintech customer example...

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September 17, 2014
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New Gartner IT Market Clock for Financial Management Applications

Gartner recently published the latest IT Market Clock for Financial Management Applications 2014 and highlighted a new category of software entitled “Enhanced Finance Controls and Automation.” Briefly, they define this category as being focused on improving financial processes and controls across all aspects of finance. It includes financial close and disclosure management software, as well...

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August 14, 2014
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IT Priorities are Shifting

A global survey from McKinsey, “IT Under Pressure” by Naufal Kahn and Johnson Sikes, recognizes IT’s strategic importance but also highlights growing levels of dissatisfaction with its effectiveness. According to McKinsey there has been a notable shift in organizations’ priorities for IT, away from managing costs and towards delivering enhanced business effectiveness and information availability....

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July 31, 2014
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Responding to Geo-political Risk

Recent events in the Ukraine and its far-reaching political impacts remind us once again that global volatility and uncertainty are the new norm. And as businesses cast their net wider to tap scarce pockets of growth they take on new levels of risk, especially in emerging economies. But how do companies account for risk? Were...

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July 24, 2014
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Do audit committees need access to systems of internal control?

Audit committees are a strong feature of the governance landscape. While all directors have a duty to act in the interests of the company the audit committee has a particular role, acting independently from the executive, to ensure that the interests of shareholders are properly protected in relation to financial reporting and internal control. It’s...

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May 30, 2014
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What can we learn from Global Risk?

January 2014’s gathering of policymakers, politicians and business leaders at the Davos World Economic Forum provided a sombre assessment of risk. The World Economic Forum’s 2014 Global Risk Report maps 31 global risks according to level of concern, likelihood and impact and the interconnections among them. The risks of highest concern to respondents of the...

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May 19, 2014
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Top Performers Take Ownership of the Record to Report Process

In recent years many surveys have examined the R2R (Record to Report) process and have highlighted the uncomfortable truth that despite the large sums of money lavished on the process very few improvement initiatives can demonstrate enduring progress. The blame has partially been laid at the feet of limited automation, lack of integration and a...

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April 28, 2014
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CFOs are turning to the cloud

A recent survey “Empowering Modern Finance” illustrates that CFOs are looking to the cloud to modernize finance. The study, carried out by Longitude Research on behalf of Accenture and Oracle says that more than two-thirds of executives claim to have either already adopted a cloud-based system in some part of their organization for core financials...

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