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Opinions and views from expert CFOZone members.

Tag >> Technology
Oct 11
2010

IT risk management key to company safety

Posted by dbedell in TechnologyRiskIT

dbedell

IT risk management is a critical piece of the risk puzzle for companies of all shapes and sizes. As firms move to more complex tech solutions, they must not only be aware but also actively manage the risks inherent in their systems, software, and IT procedures.

This is true not just for medium and large companies, but also for smaller firms. At the end of the day it is the responsibility of the CFO or finance manager to know and understand all of the risks affecting the company, and this includes technological risks.

Oct 05
2010

How to stop data leaks

Posted by dbedell in Technologysensitive informationIT policydata managementdata leakageC-suite

dbedell

As companies become more and more comfortable with sharing data online, the spectre of data security always comes back to haunt any new project or implementation—particularly for all-important finance and treasury data and documents.

While security concerns may seem to be less of an issue given the incredible advances made in data security solutions it is still a critical focus, as a recent survey by WatchDox confirms.

Oct 05
2010

Tech Tuesdays (October 5)

Posted by dbedell in treasury management systemTechnologySunGardRIMResearch In MotionOracleFINCADFIDESeBAMbiztechBelronApple Auto Glass360T

dbedell

Net neutrality received a blow this week as a bill intended to continue current net neutrality measures for the next two years languished in Congress. The bill was introduced by House Energy and Commerce Committee Chairman Harry Waxman.

Waxman said in a statement that the lack of support from Republicans means that the bill cannot pass before Congress’ mid-term elections. He said that it is essential to break the deadlock on net neutrality in order to build the most open and robust Internet possible.

Oct 01
2010

Bridging the online/on-ground divide

Posted by dbedell in TechnologySMEsmall and medium-sized businessQuickBooksNetflixfinancial management solutionsERPenterprise resource planninge-commerceCRMBlockbusterBarnes & Nobleamazon

dbedell

Small and medium-sized companies can take advantage of a wealth of integrated technology solutions to help them manage online commerce and financial processes through a single package. This can be a great help in reducing the headache of handling the complex interweave of online and on-the-ground financial operations.

Being a bricks and mortar company was once considered the only way to truly get big and stay big in the retail world. Then came the online shopping revolution, and people said that it was bricks and clicks companies—those with big footprints on the ground and a solid online strategy—that would rule the hearts and minds of shoppers.

Sep 29
2010

Is data mapping getting easier?

Posted by dbedell in transformation engineTechnologysupply chain financeSCFSAPERPenterprise resource planningelectronic invoicingEIPPbiztechBasware

dbedell

Yesterday, in our Tech Tuesdays roundup, we reported on Acco Brands Europe picking up an invoice processing and automation solution to help improve STP in the purchase-to-pay cycle. But with any such implementation, my first question is always "what about the integration?"

It is all well and good to say that deployment was web-based or the implementation and testing phase took x-number of weeks or months, but that gives no indication of the time and effort involved in not only setting up and configuring the system, but also, and more importantly, preparing the connections between that system and all the various internal and external systems that will touch on the functioning of that solution.

Sep 28
2010

Tech Tuesdays (September 28)

Posted by dbedell in Thomson ReutersTechnologySunGardSEPARisk and ComplianceRabobankgovernanceClear2PaybiztechBasware

dbedell

Office products company Acco Brands Europe is implementing Basware’s invoice automation and purchase management offering to reduce costs in its supply chain, according to GTNews. The goal is to centralize and automate purchase-to-pay processes across the 12 countries in which Acco Brands operates.

Financial and treasury technology provider SunGard has launched MarketMap Mobile—a mobile version of its real-time market data and information terminal, for the Blackberry.

Sep 22
2010

Tech Roundup

Posted by dbedell in treasury technologyThomson ReutersTechnologyDTCCCitibiztech

dbedell

The Eikon DesktopThomson Reuters’ next-gen desktop product for finance professionals, has rolled out of the lab and into the marketplace. The offering itself, along with future upgrades, are downloaded online and access has been streamlined—users take advantage of keyword tags to find information rather than being required to remember instrument codes or go through many screens to get to a particular piece of data.

Features are designed to be as easily-accessible as any web application, and they have added new functionality for Twitter-style social networking with other users, which will allow users to share views and ideas, and create communities.

Sep 22
2010

The US is not the entrepreneurial capital of the world

Posted by annearf in Technologystartupsglobal entrepreneurshipeconomic growthCareers/Management

annearf

Common wisdom is that the United States is the sine qua non of global entrepreneurship. Quite simply, when it comes to the creation of not only startups, but those with high-growth potential, this is the place to be. And that's a good thing, too, because it's supposed to fuel economic growth.

But a new report from the Small Business Administration's Office of Advocacy has found otherwise.

Sep 21
2010

New portal to help suppliers bid large corporate contracts

Posted by dbedell in web portalUPSTechnologysupply chainsmall and medium-sized businessPfizerlarge-cap companyIBMcontract managementCitiCashbiztechBank of AmericaAT&T

dbedell

Small suppliers in the US will soon have an easier mechanism to bid for large corporate contracts, as a consortium of firms have announced the launch of Supplier Connection—a portal geared at simplifying and standardizing the application process for large corporate contracts.

The site, which is expected to launch early next year, is being set up by IBM, AT&T, Pfizer, UPS, Bank of America and Citi. To begin with, it will host applications for bids on their business, but will also open to other companies that want to sign up and participate as it grows.

Jun 07
2010

Tech M&A could yield surprise result

Posted by dbedell in TechnologySAPOraclemergers and acquisitionsHPDealsbiztech

dbedell

M&A activity is booming in the corporate IT industry, as a raft of deals have been announced by hardware, software and service suppliers of corporate technology solutions. This could be a boon for companies down the road, as big vendors buy up technology to build out their infrastructure and move closer to IT solution convergence.

IBM CEO Sam Palmisano said in late May that the company plans to spend $20 billion on acquisitions over the next four years, and started things off by announcing the $1.4 billion acquisition of Sterling Commerce from AT&T. The hardware giant had already picked up data integration specialist Cast Iron Systems earlier in the month. And HP recently announced plans to take over networking hardware vendor 3Com and IT services firm EDS.

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