Adoption of Automation Solutions for Monthly Close Lags Despite Desire to Reduce Close Period
Accountants and finance professionals are familiar with long days and nights spent each month trying to close the books. Manual processes, errors, and lack of knowledge due to staff turnover often drive inefficiencies in financial reporting. In fact, it’s not uncommon...
SPAC Financing Falling out of Favor
Over recent years, SPAC financing has been viewed as an opportunity for private companies to go public in a shorter time frame, with fewer risks to company valuation, than the more traditional IPO route. Numerous companies, especially in the tech sector, opted for...
Accounts Receivable: Understanding & Mitigating Headwinds
What accounts receivable (AR) headwinds do companies face in 2022 that they believe will be tempered by making these investments? We’ll leverage the results of The State of AR: Trends, Headwinds & Opportunities survey to tackle this question. AR Headwinds in 2022...
The Traditional and Emerging CFO-CIO Relationship Dynamic
The Chief Information Officer (CIO) and CFO have long had an adversarial relationship. CIOs are charged with driving technological development in a company while CFOs focus on keeping expenditures within profitable margins. For a long time, the CIO and CFO have been...
What Does Cryptocurrency Mean for the Finance Organization?
More than a few experts predicted that cryptocurrencies like Bitcoin will disrupt finance as we know it today. From a few cents to an all-time high of 65,000USD, Bitcoin has gained price value as well as recognition. Despite its unpredictable nature, many still...
How Finance Leaders Can Overcome the Top Intercompany Accounting Challenges
Controllers for organizations with multiple subsidiaries know the pain of intercompany accounting. Unbalanced intercompany accounts can lead to inaccurate financial reporting and difficulties with financial statement consolidation. Thus, if you see areas in your...
Credit Risk Management Best Practices
Any time you provide a product or service to a client and later invoice them for payment, you undertake a risk that you won’t be paid. Effective credit risk management is imperative to the success of your business. What is Meant by Credit Risk? When you invoice...
Controllers Roadmap to Build a Best-in-Class Finance Team – Highlights
Controllers Council recently held a webinar panel discussion on Controllers Roadmap to Build a Best-in-Class Finance Team, sponsored by HighRadius. Our guest speaker was Morris Kupfer, VP of Finance at HighRadius, reporting to the office of the CFO at HighRadius at...
Tax and ESG
In today’s business climate, it’s not enough to simply generate a strong bottom line. Many companies aim to meet Environmental Social Governance (ESG) criteria. To satisfy these criteria, an organization must meet certain benchmarks when it comes to sustainable...
Controllership Trends in 2022
Recent years have brought both challenges and change to corporate America. By now, every industry has been impacted in some way by the global pandemic and supply chain issues. Domestically, businesses and financial professionals struggle to navigate rising rates of...
Automate or Stagnate: The Case for Advanced Tech in the Finance Back Office – Webinar Highlights
Controllers Council recently held a Webinar Discussion on the hot topic of Automate or Stagnate – The Case for Advanced Tech in the Finance Back Office, sponsored by Auditoria.AI Nick Ezzo, VP of Marketing and Elaine Nowak, Director Product Marketing at Auditoria.AI,...
Guide to eCommerce Accounting
Online merchants face unique challenges, and these challenges demand some unique accounting considerations. This guide will explore 6 accounting issues that affect the eCommerce industry, and help you stay on top of your inventory, cash flow, and more. 1. Choosing an...
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