At FSN The Modern Finance Forum we ‘practice what we preach’. As you may know, our “Future of the Finance Function Research” released in the summer found that 52% of CFOs consider that they spend too much time on transaction processing and 42% spend too much time on management accounting. So, I wanted to share with … Continued
Small accounting firms that have not kept up with accounting in the cloud could find themselves on the ‘endangered species’ list in the face of innovative and disruptive business models being rolled out by the Big 4 accounting firms. In the past SMEs have been served by the thousands of small firms of accountants but … Continued
Some analysts have expressed strong doubts about the sustainability of ERP in the cloud, but the notion that ERP is the cloud will not succeed is greatly exaggerated. Here are 5 reasons why. The ERP concept is proven – who wants to turn the clock back? Whatever misgivings CFOs may have about the chequered history … Continued
“How are we performing compared to our closest competitors?”…. is a constant concern for CFOs seeking to drive growth and profitability. Yet it is a stubbornly difficult question to answer. Traditional benchmarking services are expensive and time-consuming, added to which they frequently ‘straight-jacket’ businesses into a narrow range of performance measures that leave nagging doubts … Continued
Almost every week there is a press release or report from one of the Big 4 accounting firms urging businesses to improve efficiency through financial process automation, standardisation and innovation. So as we approach a new audit season the troubling question is why are audit fees so stubbornly high and increasing? And at a time … Continued