Finance professionals have the challenging task of ensuring that most of the business and its corresponding operations are always in order. Yet, the finance and accounting functions have lagged behind others when it comes to automation.
It’s a curious phenomenon considering the mundane and often repetitive analog tasks that corporate…
Anyone who has spent time in corporate finance knows that the back office is rife with time-consuming manual tasks like data entry, error checking, and ad-hoc reporting. In fact, recent research shows that nearly half of practitioners feel repetitive work is a massive drain on the organization.
Finance professionals know that cash is the lifeblood of successful companies, and knowing where and when cash is coming into the business is of utmost importance.
However, while forecasting cash flow is imperative for high-performing finance teams, many teams are instead reviewing past metrics and performance.
In fact, one budgeting…
Now is the time to debunk the old age misconceptions around the corporate finance function.
In truth, people who work in corporate finance function aren’t boring people, they are the ones who are excited about what some may consider boring “stuff.” Why is this? Because boring “stuff” is the bedrock…
The corporate finance back office is the backbone of any business, and yet, it’s been slow to adapt to changing technology and innovation.
It’s been a challenge to apply new technology to these departments. That’s a part of the reason for the relative sluggishness of digital transformation in accounting and…
By Adina Simu, Chief Product Officer and Co-Founder, Auditoria.AI
Right now, “Preserve Cash” is the call to action for all companies. But when you look closer, there’s something way bigger at work.
“COVID-19 has created an imperative for companies to reconfigure their operations, and an opportunity to transform them.[…] After…
By Nick Ezzo, Vice President of Marketing, Auditoria.AI
Earlier this year, I sat down with R “Ray” Wang, CEO and Founder of Constellation Research, to get a glimpse of what the future holds for the finance back office.
If you’ve ever been in a room with Ray, you know that…
For a long time, the corporate back office was inundated with paper processes, manual data entry and calculations, and more.
Enter ERP and cloud accounting software.
These technologies presented numerous opportunities for the corporate finance department. SaaS-based software meant that spreadsheets were no longer the “be-all-end-all” of the finance team…
Technology is advancing so rapidly that it can take entire industries years to completely overhaul their outdated internal operation to implement new digital practices. Though finance departments have adopted digitization, customer-facing processes have been digitalized far more quickly than similar back-office updates. The result is a fast-paced game of catch…
By Nick Ezzo, Vice President of Marketing, Auditoria.AI
The world we live in now is much different than it was six months ago: a globally distributed customer base, myriad payment forms, blockchain technologies, not to mention a global pandemic that has caused businesses across the globe to halt operations.
Finance…
