News and Blog: Finance

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 […]

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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.

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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.

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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.

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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.

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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.

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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).

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7 Reasons Your Finance Team Should Be the Center of Your Organization

7 Reasons Your Finance Team Should Be the Center of Your Organization

Organizations that are growing bigger and more complex typically need more than standard accounting software. Similarly, financial professionals in expanding organizations typically need to redesign their role to meet the changing needs.

As departments and projects grow, organizations need a central point of contact for all collaborators – a source of information that can be relied upon for strategic decision-making. For most organizations, this starts with the finance team and its resources.

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How Will Financial Audits Change In The Future?

How Will Financial Audits Change In The Future?

“To maintain the reputation of a CPA as the most trusted advisor, reimagined audit services must be our future.” Those words perfectly summarize the sentiment of Thomson Reuters in its “4 Keys to the Future of Audit” whitepaper, representing a viewpoint that most experts in the industry strongly support.

With a growing emphasis on technology, particularly automation, in the financial sector, there’s a critical need for the audit process to advance. After all, it continues to be one of the core activities for CPA professionals and its overall importance in the industry shows no signs of diminishing.

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