News and Blog: Finance

ERP Implementation Process and Best Practices

ERP Implementation Process and Best Practices

If your business has recently decided to implement a new enterprise resource planning (ERP) system, that’s excellent news. You’ll gain sophisticated software that integrates and streamlines business processes across your organization, so you’ll make accounting and other operations more efficient.

ERP implementation can be complex and challenging, though, so you’ll need to spend time preparing for the process. This guide will walk you through some guidelines for ERP implementation and give you some ERP software implementation best practices to follow for optimal results.

Read more about ERP Implementation Process and Best Practices
Six Questions Finance Teams Should Be Asking Themselves

Six Questions Finance Teams Should Be Asking Themselves

Your finance team is the backbone of your business; managing financials, forecasting, and utilizing innovative techniques are all part of the day-to-day duties. These professionals constantly seek to make improvements to the operational and financial efficiency of the business.

If you want your finance team to be thinking about continuously improving and advancing the business, the process involves self-evaluation and questioning the status quo. Take a look at some key questions these teams should be asking themselves.

Read more about Six Questions Finance Teams Should Be Asking Themselves
Stakeholder vs Shareholder Capitalism: Are we at a pivotal moment?

Stakeholder vs Shareholder Capitalism: Are we at a pivotal moment?

Shareholder versus stakeholder capitalism is by no means a new debate. It’s one that’s been discussed for decades, but recent years have brought special attention to it. Here’s how these two perspectives differ, the people supporting each side, and the rationale behind these two concepts.  What Is Shareholder Capitalism?  Those who support shareholder capitalism believe that […]

Read more about Stakeholder vs Shareholder Capitalism: Are we at a pivotal moment?
What are ESG Principles and How do They Impact Future Financial Performance?

What are ESG Principles and How do They Impact Future Financial Performance?

Environmental, Social and Governance (ESG) principles for investing have become mainstream values for many companies and investors. Product sustainability is no longer a fringe concern but a driving force in today’s financial markets. And the results are promising. Pursuing ESG principles is not a financial sacrifice but one that may bring increased profits and a healthier planet. Ecologically-minded investors are happy to invest in responsible companies and increase their income without a negative impact on society. The movement is growing, so you should look at increasing your participation in ESG investment.

Read more about What are ESG Principles and How do They Impact Future Financial Performance?
How to Choose the Best ERP for Your Business

How to Choose the Best ERP for Your Business

If you need reliable, large-scale business management solutions, consider investing in top-of-the-line ERP software. Switching to a more advanced ERP system with the features and capabilities you need helps streamline your processes, make your workflow easier and add value overall to your business.

The guide below will explain what ERP software can do, discuss the advantages of choosing the right ERP for your business and explain what to look for in an ERP system for optimal benefits.

Read more about How to Choose the Best ERP for Your Business
How can your finance team reduce the burden of the month-end close processes?

How can your finance team reduce the burden of the month-end close processes?

Modern organizations have been met with countless challenges, all of which require agility and commitment to successfully overcome. However, while an organization can certainly ”survive” as they are, in order to thrive in today’s changing business environment, more and more leaders (including experts at the College of Denver) are pushing for a shift. The efforts behind this shift are being made with the hope that more organizational executives will take on the role of financial stewards.

Read more about How can your finance team reduce the burden of the month-end close processes?
How to Empower Your Organization's Leaders to Become Fiscal Stewards

How to Empower Your Organization’s Leaders to Become Fiscal Stewards

Modern organizations have been met with countless challenges, all of which require agility and commitment to successfully overcome. However, while an organization can certainly ”survive” as they are, in order to thrive in today’s changing business environment, more and more leaders (including experts at the College of Denver) are pushing for a shift. The efforts behind this shift are being made with the hope that more organizational executives will take on the role of financial stewards.

Read more about How to Empower Your Organization’s Leaders to Become Fiscal Stewards
7 Ways ERP Software Can Increase Profitability

7 Ways ERP Software Can Increase Profitability

If there’s one common challenge that unites every business, it’s the ever-pressing need to stay on top in a global and increasingly competitive environment. With the likes of eCommerce and the all-important aspects of online branding, today’s businesses have more factors to contend with than even some of the biggest companies that came before them. The solution? It lies in the right tools and technology that can give even the smallest businesses a leg-up.

Read more about 7 Ways ERP Software Can Increase Profitability
How to Craft The Right Strategy to Improve Month-End Closes

How to Craft The Right Strategy to Improve Month-End Closes

The sheer number of companies who continue to forego widely available technology in lieu of paper processes, physical sign-offs, and other manual activities is simply astonishing. Of course, if your company is one of the guilty organizations still subject to these inefficiencies, don’t feel bad.

Transitioning your finance organization into the new era, where processes are powered by technology and everyone is focused on continuous improvement, is no easy feat. However, with the right strategy and no matter your starting point, it is entirely possible to improve your month-end closes (and maybe implement some new tech along the way, too).

Read more about How to Craft The Right Strategy to Improve Month-End Closes