Revenue Recognition for the Rest Of Us
Over the past year or so, I’ve fielded questions from a number of business people about the new revenue recognition rules, particularly in the technology sector. I’ve heard many people, some inside my...
View ArticleSupplier Invoicing-What SMEs Can Do to Reduce Workload and Errors
Many would agree that the accounts payable process is paper intensive and laborious. In most companies, particularly SMBs, supplier invoices are forwarded to the accounting staff from all over the...
View ArticleSupplier Invoicing Made Easy with SAP Business ByDesign
I recently created a post about streamlining the supplier invoicing process and discussed how this can be accomplised in SAP Business ByDesign. As a follow up, I thought I’d walk you through the...
View ArticleWhat SMEs Can Do to Streamline Customer Billing
This blog is part of my series on streamlining finance processes. I previously wrote about the procure-to-pay process (see link), specifically the supplier invoicing component, how it consumes a great...
View ArticleCustomer Invoicing with SAP Business ByDesign
I recently posted on ways in which companies can streamline the customer invoicing process to ensure invoices are paid on time, keep DSO low as well as provide a strong cash flow. I also described how...
View ArticleSMEs Still Struggle but there is a Solution
Though the Nation Bureau of Economic Research declared the recession over in 2009, many SMEs would beg to differ. Since the crash of 2007, SMEs have been struggling to recover due to their inability to...
View ArticleManaging Uncertainty: Why CFOs Should Love CRM
CFOs don’t usually get involved with CRM systems—namely their sales management component, more commonly known as sales force automation. These systems evolved twenty or so years ago out of contact...
View ArticleUsing Cloud Applications to Manage Profitability
We finance types like to identify “material” items when looking for ways to boost our company’s profitability. Often, we examine the items that comprise the cost of good sold/cost of revenues line on...
View ArticleSaaS–Off Balance Sheet Computing Made Easy
CFOs are faced with a confusing array of terminology when it comes to cloud computing. We have public clouds, private clouds, SaaS, PaaS and IaaS which for your LIFO, makes it hard to tell your GAAP...
View ArticleCan Finance People Learn to Love the Cloud?
For finance professionals, cloud computing can bring a lot of anxiety. A key contributor is ensuring the security of sensitive financial data and the ability to enforce internal controls when this data...
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