STUDY: The Contemporary Controller—Changing Roles and Responsibilities
In July through October 2020, the Controllers Council surveyed more than 300 Controllers, CFOs, and related professionals in accounting and corporate finance roles. The objective of this study: to identify how the roles and responsibilities of these important executives have changed, adapted and evolved. The conclusions, carefully documented and analyzed in this Benchmark Study Report.
eBook: Automating Your Financial Processes
Consumer digital payments are now more common than traditional payment methods. They’re quicker, easier, and more convenient than paper checks or dollar bills. Businesses, however, have been slower to join the digital payments revolution. Surprisingly 86% of businesses are still using paper checks.
Learn how your organization can move to a more efficient AP & AR process. Download the eBook Automating Your Financial Processes to learn how you can implement an automated approval workflow for POs to reconciliation, stop using paper, and decrease missing invoices.
The Definitive Guide To the Month-End Close
The month-end close for many accounting teams is a labor-intensive, reactive process. There are, however, some simple ways to better organize your people, process, documents and reconciliations to streamline, speed and improve your close.
In this guide you’ll learn, tips and recommendations for building the optimal accounting team, best practices to structure your checklist, along with templates you can use, and how to best structure supporting documentation.
eBook: 2020 Survey of Automation in the Finance Back Office
In the first half of 2020, Auditoria.AI set out to determine the top challenges facing today’s accounting and finance teams, as well as to ascertain the level of automation present in the modern finance back office. To that end, Auditoria.AI surveyed several hundred finance professionals across the US and asked them to complete a simple twelve-question survey. The results are now available in this quick-read eBook.
Controllers Code – The Secret Formula For a Successful Career in Finance
Free for Controllers Council members
Controllers in the 21st Century need to master more than technical accounting skills to become the strategic leaders their companies need today. They need to be effective leaders and managers, explain complicated accounting at a high level for the C-suite, be a technology expert, and still ensure that their teams are doing the accounting right.
Unfortunately, these skills aren’t taught in traditional accounting classes. This book offers real world guidance from Financial professionals to help you navigate the world of the modern controller.
Controllers’ Guide to Artificial Intelligence (AI)
Artificial Intelligence (AI) is permeating business and organizations of all types and sizes. For those in the accounting and finance department, AI may have one of the most significant impacts on the way you work. The Controllers’ Guide to Artificial Intelligence (AI) will provide a concise but complete view of AI and related technologies of Machine Learning (ML), Robotic Process Automation (RPA) and more. The guide will focus on the applications and opportunities for the accounting function, exploring the role of “Robots” in the Accounting process.
Visibility, Control and Scalability: Why AP Teams Should Automate Now
As the business landscape becomes more challenging, today’s AP teams are being asked to do more than ever—navigating a new economic climate and shifting to remote work while keeping up with payments, controls, compliance, and visibility into your AP operation.
You can’t afford to let any of that slip, even as demands on your time continue to grow. IOFM partnered with Bill.com to explore how small-to-medium organizations can solve the unique challenges they face without having to adopt a complex enterprise AP solution.
Understanding the Modern Controller: A Survey of Financial Controllers
The role of the financial controller is transforming. In fact, 95 percent of controllers say that their role has become increasingly important and strategic, and over two-thirds characterize the controller as a “risk manager” versus a “number cruncher.”
Download the survey report from FloQast to learn how the role of the controller is evolving beyond the stereotype of the number-crunching-report-writer, why controllers are reporting higher job-related stress than in the past, even though their career prospects are looking better than ever, and more.
ASC 606/IFRS 15: The Definitive Guide to New Revenue Recognition Rules
In what has been described as one of the largest changes to GAAP in the past decade, 2014 marked a year in which the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) sought to bring consistency across industries, enhance disclosure, and simplicity for those preparing and relying on financial statements. Get perspective into the changes and some of the best practices to prepare for FASB ASC 606 and IASB IFRS 15.
The Controller’s Guide to Hiring an IT Consulting Firm
Depending on the size of an organization, and the scale of its information technology (IT) systems and processes, IT can often report to, and be the responsibility of the finance department. This scenario is prevalent in small, start-up and even mid-market organizations. Today’s finance executive must understand, and often direct IT projects and investments. This Controller’s Guide to Hiring an IT Consulting Firm will identify typical services, 5 reasons to hire an IT consultant, a checklist for choosing the right firm, along with some tips for achieving a successful relationship.
Making Finance Reinvention Happen
The best Finance organizations are looking for different, if not daring, ways to improve the way they function and the services they deliver.
But these reinvention efforts often fail to gain traction with the team. Maybe they’re too tough to launch, too complex to maintain, or teams aren’t fully aware of what’s possible with a new solution. If businesses want to remain relevant in their market, they’ll need to remain competitive—and that requires an appetite for reinvention.
An Accountant’s Guide to Excel
For decades, accounting departments around the world have relied on Microsoft Excel to accomplish much of their work. As expectations for accountants continue to evolve, it can be difficult to keep up with — or remember — the best of what Excel has to offer.
In this guide, you’ll learn how to effectively use the VLOOKUP function, how to use text functions without editing, and using the Combine and Trim tools to clean up a spreadsheet
The Definitive Guide to Modern Accounting
A modern accounting department requires a modern accounting system or software solution that can support streamlined accounting processes and reporting. This Guide to Modern Accounting will detail 4 Keys to Modern Accounting, identify 20 accounting functions that can be automated, along with 18 categories of potential software integrations. Of course, no guide would be complete without modern accounting case studies, and related resources.
The Ultimate Guide to Cloud Migration
The term “cloud migration” can mean different things to different people. For some, migrating workloads from on-premises infrastructures to the cloud is an opportunity to be grasped with both hands. For others, there may be a reluctance to change existing work practices; which, possibly coupled with a fear of the unknown, can be a handicap to taking advantage of what the cloud has to offer.
For people who fall into the second category, this guide to cloud migration has been prepared for you.
AP Automation Buyer’s Guide
You know the stories: an important invoice that went missing, a fake invoice that was mistakenly paid. And we’ve all wasted time entering the same data into multiple systems, such as an AP subledger, a check or online bank account, a reconciliation spreadsheet, and then the general ledger. Automated AP solutions can help avoid these scenarios.
Working with Proformative, Bill.com collected 10 evaluation criteria for evaluating any AP automation system—with more than 50 questions your provider should be able to answer.
Tech Trends Controllers, CFOs and Accounting Managers Need To Know
Understand the new and most influential technology trends in accounting and how they deliver value in terms of faster and more accurate results.
This guide spotlights five new technology initiatives that are impacting finance and accounting teams and explains what they are and how they’re anticipated to impact accounting.