Managing Disruptive Supply Chains
Disruptive supply chains have been in the news for the past few years. Since the pandemic began, we’ve witnessed multiple instances of interrupted access to supplies. The first event occurred at the very beginning of the COVID-19 pandemic. There was a shortage of...
5 Ways to Make Intercompany Transactions Easier
Intercompany transactions are common in the business world. In truth, over 80% of all global transactions are intercompany. The challenge for finance and accounting teams can be daunting, but it doesn't have to be. It’s important to have a clear understanding of what...
Controller’s Guide to Professional Employment Organizations
Small and medium-sized businesses are beginning to see the benefits of professional employer organizations or PEOs. These organizations allow for outsourcing certain administrative tasks, such as payroll and benefits administration, on behalf of a business. This...
Accounting Crisis – CPA Firms Face 75% Retirements
CPA firms are facing an upcoming severe staffing challenge. Almost 75% of the CPA workforce met the retirement age in 2020, as estimated by the American Institute of Certified Public Accountants (AICPA). What’s more, the number of CPA exam candidates has drifted...
Doing Business With a Company in Chapter 11 Bankruptcy
Business insolvency is on the rise, enhancing the threat that some of your current clients could declare bankruptcy this year. In fact, in 2020, business failures are set to rise for the fourth consecutive year. Under Chapter 11 bankruptcy, a company can reorganize...
The Controllers Guide to Valuations
Valuation is a much-talked-about topic in corporate accounting. One of the basic duties of a financial controller is measuring the economic value of a business, its assets, and its divisions. Knowing the fair value is crucial if and when a company wants to sell or...
What Corporate Finance and Accounting Needs To Know About Inflation
In February, the Bureau of Labor Statistics reported that prices increased by 7.5% YoY. That is the highest level of inflation that the country has experienced in 40 years. In March, the bureau reported an even higher 8.5% inflation compared to last year. Inasmuch as...
IDG Findings: Modernization & Cloud Technology Keys to Post-Pandemic Business Success
Manual accounting methods and lack of access to information, exacerbated by the pandemic, are making it increasingly difficult for companies to manage today’s growing proliferation of finance and accounting data. As a result, many companies are unable to meet or stay...
CFO Future Focus: Panel Discussion Highlights
The Controllers Council recently held a webcast panel discussion called CFO Future Focus to discuss the changes in Office of the CFO, sponsored by Oracle NetSuite. The panel featured Glenn Hopper, CFO of Sandline Global and author of a new book, Deep Finance:...
Soft Skills for Finance Executives
Finance positions are advertised with job descriptions that emphasize work experience and educational achievements. But what usually makes one qualified candidate stand out amongst other qualified candidates are soft skills. Research shows that 97% of employers...
Top 10 FP&A Solutions
Successful companies know that having a strong FP&A department in place can help guide them in their strategic business decisions. Innovations in FP&A solutions have allowed businesses to improve their forecasting and budgeting processes, giving executive...
How to Automate Accounts Receivable
In most mid- and large-sized companies, processes are often broken up into pieces and handled by different teams or professionals. For instance, the record-to-report process would start with a bookkeeper posting entries that are reviewed and reported by an accountant...
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