Continuous Financial Close Process: Overcoming Bottlenecks and Driving Efficiency
Imagine the Energizer Bunny on a caffeine-fuelled marathon. That’s what it feels like for accounting and controllership teams during the month/quarter-end close. While mandatory for accurate reporting and compliance, this period is often a tedious slog filled with manual tasks. But what if there was a way to escape the hamster wheel? This blog examines […]
Cost-Effective Data-Driven Financial Decision Support Systems for Mid-Market Companies to Compete Better
In the past decade, mid-market companies (revenues of $10million to $1 billion) have undergone a significant transformation. Traditionally these companies were focused on domestic markets or had very limited international operations. However, these businesses are now expanding globally. The reasons can be either driven by market opportunities, supply chain diversification, or customer demand. Increasingly, mid-market […]
Data Foundations as a Risk Mitigation Approach for ERP Migration and Transformation Programs
ERPs are the core of transactional systems and the book for record. They are the backbone of transaction processing, process alignment, and compliance. Like every other application, to align to evolving technology, business changes and new business models ERPs have to be upgraded, reimplemented, or replaced. ERP migration is a complex, high-stakes endeavor, especially in […]
Acquisition Blues – From “Hit-and-Miss” to “M&A Magic”
We are at the cusp of acquisition season with potentially lower interest rates, quite a few undervalued targets coupled with the urgency to ramp growth and access new revenue streams. Acquisitions are difficult … Harvard Business Review calls it a mug’s game with 70% to 90% being abysmal failures. We distilled a few observations from […]