This Week's Best (and Worst) of Financial Strategy
The core priorities of data-driven CFOs, key attributes of high-performing finance teams, and yet another example of fraud are among the many topics of covered in this week's edition of The Proper Payable.
“We’re getting to the point where the future role of the CFO resembles that of a data scientist more so than that of an accountant.” Regardless of how you interpret the above excerpt from Forbes, one thing is clear: The role of CFO is becoming more strategic than ever before. In fact, more than 90% of CFOs are saying that they need to do more with the financial and operations data at hand to help top management make critical decisions.
BC Krishna breaks down the different approaches to recording invoice data, and then shares the best way to efficiently and accurately lift data of of invoices and record that data into your accounting system.
FinancialForce published its State of Finance report today. The report, based on insights derived from 1,000 finance and accounting professionals across industries and company sizes, reveals that finance teams that become business partners and embrace next-gen technologies — cloud, integrated platforms, mobile, AI — are best positioned for success; those that don’t adapt leave their businesses vulnerable to competition.
Fraud protection is always a priority regardless of the size of your business yet many organizations are shying away from cloud-based technology because they feel insecure about the protection of their data. During this webinar we will discuss why that assumption is false. In fact, your data is more likely to be safer in a cloud-based solution vs. in-house at your company.
“It’s a Band-Aid on a gunshot wound. GSA can say they’re doing something while they figure out how to actually prevent this in the future,” said Christoph Mlinarchik, a government contracts expert and owner of ChristophLLC.com. “If you read between the lines, there was a rumor that bad actors breached SAM.gov and re-routed payments to themselves, although the payments were actually owed to contractors from the federal government..."
Spanish lender Abanca Corporacion Bancaria has agreed to acquire Deutsche Bank’s private and commercial banking arm in Portugal for an undisclosed sum. “With the transaction, Deutsche Bank continues to execute its strategy to sharpen its focus and reduce complexity,” Deutsche Bank said in a statement.