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Tag >> Technology
Apr 20
2011

The US and technology adoption: behind the eight ball

Posted by annearf in World Economic ForumUnited StatesTechnologybiztech

annearf

The United States is a veritable slacker when it comes to the adoption and use of new technologies.

Those are some of the findings of a study from the World Economic Forum. It looked at 138 countries that comprise 38.8 percent of world GDP, using indicators ranging from patents to access to business telephone lines.

Mar 25
2011

Time and technology worry CFOs the most

Posted by annearf in time managementTechnologyfinancial executivesCFOscareer/management

annearf

What do CFOs worry about the most?  What's their biggest challenge?

The answer: time management and keeping up with changing technology, according to a study from Robert Half Management Resources.

Mar 25
2011

Cracking down on travel (T&E) spend

Posted by dbedell in Technology

dbedell

One of the many areas that companies have focused on for cost-cutting initiatives is spend on travel and entertainment (T&E). Manual T&E management is one of the largest drivers of inefficiency as it reduces visibility, accuracy and timeliness of spend information, according to a survey by Paystream Advisors.

Moving away from manual processes and onto an automated spend management system can help not just large firms with complex T&E spend, but also medium and small firms looking to gain greater clarity into where their costs are in terms of corporate travel and entertainment. Such a system can illuminate how effective travel policies are and where they can be enhanced, travel policy enforcement, and ultimately it can reduce time and money spent on travel spending.

Mar 01
2011

The revenue goldmine of customer data

Posted by dbedell in Technology

dbedell

A cover story on data privacy appearing in the latest issue of Wired magazine has a two-fold message for corporate executives-both within the finance function and outside the finance department.

Not only does it remind us that it is critical to always keep an eye on corporate and customer data security, but it also demonstrates the power of readily-available online information and how it can be harnessed to more effectively market products to customers and consequently build revenue.

Jan 26
2011

E-invoicing market fragmentation tough on SMEs

Posted by dbedell in Technology

dbedell

E-invoicing can often seem to be the bane of an SME’s existence. As more large companies begin to demand that their SME suppliers use this or that platform to deliver electronic invoices, the hassle can easily seem much greater than the potential value for the supplier. Even as access becomes simpler, the need to manage various solutions for various buyers can be onerous.

Small companies are starting to have access to solutions geared specifically to their needs, which does add to the value proposition somewhat. A number of new vendors are focusing specifically on the SME space to help make it a little bit easier for small companies to migrate to e-invoicing. American Express, for example, offers AcceptPay—a dedicated SME e-invoicing solution.

Jan 25
2011

Will small business benefit from bank tech investment?

Posted by dbedell in Technology

dbedell

As banks gear up for increased technology investment in the coming year, the questions is whether small businesses—who now suffer with systems and services that are far from ideal—will see any benefit.

According to a recent report by consultancy Celent, banks have a long way to go in providing technology solutions and services that best cater to the SME market. But with many banks looking to make big investments in corporate services and solutions—especially in the cash management and trade spaces—the hope is that at least some of this spend will be on solutions for the smaller company segment.

Jan 21
2011

Next-gen business intelligence enables deeper cost cutting

Posted by dbedell in Technologysupply chainsocial mediabusiness intelligence

dbedell

As companies start to look at their next round of cost-cutting and efficiency measures, with much of the low-hanging fruit already harvested, next-generation business intelligence and data analytics technology-integrated with a raft of other technology solutions--will provide the backbone to dig more deeply into processes and send and receive information in near-real-time for swift decision-making.

As the crisis progressed, many companies turned to internal cost cutting measures to reduce working capital expenditures and save cash.

Jan 19
2011

Oracle muscles in on SAP territory

Posted by dbedell in Technology

dbedell

SAP is about to enter another protracted stage in its ongoing battle with Oracle for dominance of the ERP and business software space.

Oracle laid down the gauntlet with the launch this week of Oracle Financial Analytics for SAP—a suite of business intelligence tools specifically designed to pull data from SAP systems and provide analytics around that.

Jan 14
2011

Purchase-to-pay automation’s growing maturity

Posted by dbedell in Technology

dbedell

Transaction banks hold the keys to moving purchase-to-pay (P2P) automation to the next phase of development, according to some market participants. And the developments that are now in the works (some of which you can find more information on in previous blogs here and here ) could radically alter the landscape for corporate P2P management.

Dec 28
2010

Use existing software to ease 1099 reporting burden

Posted by dbedell in TechnologyRisk and ComplianceIn complianceAccounting

dbedell

As companies come to terms with new 1099 reporting requirements, software firms are starting to build new solutions-or update their existing ones--to help make finance executives' lives a little easier.

The new 1099 reporting requirement that all vendors who supply more than $600 worth of goods or services within the tax year be sent a form 1099, which takes effect in 2012, could cause untold headaches for small, medium, and even large companies, given the vastly-increased reporting burden that it is likely to create.

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