For CFOs

Beyond Bookings: What’s the Total Cost of Ownership for your Corporate Travel Program?

by Ted Stavropoulos

Beyond Bookings: What’s the Total Cost of Ownership for your Corporate Travel Program?

If your CFO or controller asked you to provide the organization’s total travel spend over the past year, how would you get that data? The obvious (and traditional) answer is to ask for reports from your travel agency, breaking down hotel, flight and rental car costs. That should give you a pretty accurate figure, right? Well – not really.

Specialist Expense Vendors vs. ERP Suite Modules: Pros and Cons

by Jim Whitmore

Specialist Expense Vendors vs. ERP Suite Modules: Pros and Cons

For mid-size and large companies, best-of-breed travel and expense or all-in-on isn’t the only decision to be made when it comes to expense software. Many ERP providers also offer expense management capabilities as part of their broader suite of financial and HR tools. How do you decide which works best for you?

New Gartner Market Guide: Key Criteria for Travel Expense Management Solutions

by Tim Wheatcroft

New Gartner Market Guide: Key Criteria for Travel Expense Management Solutions

Gartner has just released its 2017 Market Guide for Travel Expense Management (TEM) Software. The guide is essential reading for any organization that’s thinking of investing in an expense management solution in the coming year, or is considering upgrading its existing solution.

Expense Reimbursement, I’d Like You to Meet the Real World…

by Tim Wheatcroft

Expense Reimbursement, I’d Like You to Meet the Real World…

Combining expense reimbursement with the payroll slows your process to a crawl, making your employees wait weeks for payment. Decouple the two and see how much happier you make employees AND finance.

Chrome River or Concur – How to Decide Which Works Best for You

by Holly Allison

Chrome River or Concur – How to Decide Which Works Best for You

Organizations who are looking for a full-featured, enterprise-grade expense management solution often find that the choice comes down to Chrome River and Concur. Once the shortlist has been created, how can finance, IT and procurement teams work out which solution works best for their team?

How Expense Data Integration Makes Finance and Accounting Easier

by Jeff Wesselman

How Expense Data Integration Makes Finance and Accounting Easier

While a streamlined expense management system can make life easier for your business travelers and travel managers, it can also do amazing things for your finance and accounting departments. Not every expense management system will have the power to perk up accounting and finance, however. You need a platform that can integrate into the finance and accounting systems your departments already know and use.

Why it’s Critical to Right-size your Technology Provider

by Tim Wheatcroft

Why it’s Critical to Right-size your Technology Provider

One of the most critical questions when choosing an enterprise technology provider is “will we be a good match?” This isn’t just in terms of the vendor’s solution, and how its solution integrates with your infrastructure, but also if the two organizations mesh well together. Your decision needs to address a wide variety of factors beyond “can it do what we need it to do?” and “does it offer good value?” You also need to consider factors ranging from cultural fit to where you are size-wise on your vendor’s customer roster.

Why Sensible Travel Expense Policies are Critical for Business Traveler Happiness

by Tim Wheatcroft

Why Sensible Travel Expense Policies are Critical for Business Traveler Happiness

The Global Business Travel Association recently announced the results of its Business Traveler Sentiment Index Global Report. The report assesses the overall happiness with several aspects of travelers’ overall experience, from making travel arrangements through to getting through airport security and taking various forms of ground and air transport.

One-Stop-Shop vs. Best-of-Breed: What’s Best for Travel and Expense?

by Frank Davis

One-Stop-Shop vs. Best-of-Breed: What’s Best for Travel and Expense?

One of the most common discussions in business software procurement has been that of one-stop-shop versus best-of-breed. Choose a single vendor for all aspects of a particular function, they say, and your organization will see wide-ranging benefits, from lower costs, to smoother integration, more straightforward support resolution, and so on.

5 Benefits of Corporate Card Programs

by Robin Hanselman

5 Benefits of Corporate Card Programs

Ah, here we are, the ever-popular debate on the pros vs the cons of corporate card programs! Why should businesses allow employees to have corporate cards? Some feel that they have the potential to increase the organization’s financial exposure, risk employees racking up large bills, and are potentially tricky for finance teams to both implement and manage on an ongoing basis. Done right, however, corporate credit and payment cards can offer wide-ranging financial, operational and security benefits.

Expense best practices to delight your employees AND your CFO

by Alan Rich

Expense best practices to delight your employees AND your CFO

Anyone who has looked at some of the perks that companies offer will understand that any forward-thinking organization places a premium on attracting and retaining the best talent. When you factor that it costs an average of 6-9 months’ salary to replace an employee, spending a little extra to keep your team happy is a sound investment. The hard cost of employee turnover is, of course, just one issue here. Companies’ ability to thrive is reliant upon attracting and retaining the best talent. Being unable to keep and hire staff can have a seriously detrimental impact on an organization’s overall health.

5 Top Reasons Big Data Projects Crash and Burn

by Karen DeLucia

5 Top Reasons Big Data Projects Crash and Burn

Big data continues to be a big deal, but the results are often a big disaster. In fact, Forbes contributor Bernard Marr predicts that a full 50 percent of all big data projects are destined to fall substantially short of expectations. He says the underlying cause is always lack of proper planning, and it rears its ugly head in five different ways.

Telepresencing - Is Business Travel Going Virtual?

by Carrie Hayward

Telepresencing - Is Business Travel Going Virtual?

Meeting with business partners and colleagues across the globe is vital for business. But how you go about it is rapidly changing. Innovation management researcher Paul Levy predicts physical business travel may be on its way out, replaced by virtual business travel that lets you meet, greet and collaborate without the need to leave your office.

3 IT Certainties for CFOs in 2015

by Kassandra McDougald

3 IT Certainties for CFOs in 2015

Whether you’re a CFO or CEO, IT is likely a foundation of your business. And whether it’s for order management or expense management infrastructure or software, you’ll need a continued focus on IT in 2015. Here are 3 certainties in the IT landscape that you will need to address with your IT department.

What Did Marilyn Monroe Wear When Traveling With Her Boss?

by Karen DeLucia

What Did Marilyn Monroe Wear When Traveling With Her Boss?

Not the same thing you would wear when traveling with your boss—that’s for sure! So, is there actually such a thing as etiquette when traveling with your boss— and guidelines on what to wear? Indeed! One man taking his first ever business trip found out the hard way. Here are some tips to follow that will keep you in the comfort zone and make you shine like the professional that you are when traveling with the Big Kahuna!

What Do Victoria’s Secret, Big Data and Predictive Analytics Have in Common

by Anne Becknell

What Do Victoria’s Secret, Big Data and Predictive Analytics Have in Common

2014 was the year that talk of Big Data seemed to be everywhere. From office water coolers to dinner parties, conversation included talk of data, predictive analytics, and the cloud.

Is there a Large Enterprise Exodus to the Cloud?

by Dan Humbert

Is there a Large Enterprise Exodus to the Cloud?

A new report this week indicates that over half (53%) of large enterprises are either already moving Big Data within their organization to the public cloud or are considering a move to the cloud for analytical processing. Further, only 13% of enterprises say they would only use private data centers for processing all analytics. Clearly, there is a concerted push to the shared public cloud.

CFOs Should Hire Givers Not Takers

by Craig Weiner

CFOs Should Hire Givers Not Takers

It’s natural for most of us to want to do things better. We want to be better managers, better co-workers, better employees and, in general, better people. Unfortunately, it’s also just as easy for us to get lost in the hassle of daily life and simply waste time. As any executive knows - time is money. The less your department or team procrastinates, the more productive your organization will be and the more it will benefit. Whether it’s making sure each employee enters data accurately into your expense management software or delivers the weekly report your client needs - here are some surefire ways to curb procrastination and increase efficiency.

6 Keys To Measuring Your Predictive Analytics Efforts

by Connie Moser

6 Keys To Measuring Your Predictive Analytics Efforts

With the convergence of Big Data, the Internet of Things and the quest for analytics from different departments, CIOs are being forced into the additional role of coordinating the various data experiments occurring at any given time in an organization.

Teenagers Get the Mobile Mindset. Do You?

by Alan Rich

Teenagers Get the Mobile Mindset. Do You?

Mobile solutions have become critical in integrating business and technology. If designed and executed effectively, they have the ability to speed productivity, simplify the user experience, and offer added convenience to end users. However, just adding mobile isn't going to do much by itself. You need to develop a mobile mindset, thinking about how innovative mobile solutions will enhance your business model at every level of your organization without causing disruptions and distractions.

Is Your CFO a Professor? Why Corporate Financial Literacy Matters

by Mike Vargo

Is Your CFO a Professor? Why Corporate Financial Literacy Matters

Let’s face it; even though the concept of company-wide financial transparency was introduced more than two decades ago, not all executives are ready to open the books for all employees. More forward-thinking executives, ones who embrace data, feel an open-book management strategy boosts employee engagement and can generate higher profits.

Why CFOs Can’t Sleep At Night…

by Laura Brady

Why CFOs Can’t Sleep At Night…

What keeps a CFO awake at night and prevents them from getting a good night’s sleep? Certainly, CFOs have a lot of issues and stresses to deal with. A recent study compiled a list of the biggest issues facing today's CFO. Addressing these issues appropriately can help propel a company into a higher earnings bracket and relieve upper management stresses.

Big Data: Don’t Be a Hoarder

by Frank Davis

Big Data: Don’t Be a Hoarder

The buzzword floating around companies and their IT departments today is Big Data. The predominant thinking is that there is value in ‘data’ and companies should store as much data as possible. Accordingly, many firms now save almost all their data for data mining purposes. Frankly, this approach is at the least unnecessary and at the most overkill.

Predictive Analytics: Is The ROI As Impressive As It Seems?

by Dave Terry

Predictive Analytics: Is The ROI As Impressive As It Seems?

Predictive analytics, or the sifting through of company data in order to highlight important patterns to make predictions and better decisions, is currently a hot topic in the business world. Advocates believe this approach holds great potential especially with a recent report from Nucleus Research suggesting that predictive analytics helped Mueller Inc. obtain a 248 percent ROI on new packaging equipment after investing in and using IBM's SPSS Modeler technology.

3 Necessary Steps to Maintain Data Security

by Dan Humbert

3 Necessary Steps to Maintain Data Security

Massive data breaches affecting global companies like Sony, Neiman-Marcus and Target have solidified the unsettling fact that even huge mega companies cannot always prevent compromises in customer and company data.

Are CFOs Thinking About their Jobs and Careers the Right Way?

by Connie Moser

Are CFOs Thinking About their Jobs and Careers the Right Way?

Too often, CFOs spend so much time focusing on the daily requirements of their specific employment activities that they lose sight of their long-term career goals. Although they definitely need to devote time and energy to their current employer, they also need to invest in their own personal future career. They do not want to be caught suddenly looking for another job when they have not prepared for that eventuality.

Big Data: Six Trends to Be Aware of in 2014

by Alan Rich

Big Data: Six Trends to Be Aware of in 2014

Our world is producing data at an unprecedented rate. More impressive than the simple generation of data is the fact that the data can be stored, accessed, manipulated, analyzed, and applied. With this proliferation of big data comes the ability to use it; any business that fails to take advantage of the plethora of available data is setting itself up to lose out on valuable insights.

Dear CFO - Are You Getting Quality Data When You Need It?

by Brian Deleon

Dear CFO - Are You Getting Quality Data When You Need It?

Carrying out an impeccable job as CFO is crucial to the well-being of your company. As CFO, your main duties include managing risk and analyzing your company’s finances. Your analyses and recommendations guide the company, and inappropriate suggestions based on analysis of inaccurate or delayed data can be disastrous for your company, and could lead to taking on undue risk or making poor budgeting decisions. Timely and correct data are essential for your job, but you may need to take some steps to ensure that you get the data you need whether you are analyzing the numbers from within your division or from a different or remote department or partner company.

Big Data Visualization - Are You Visualizing Enough?

by Anne Becknell

Big Data Visualization - Are You Visualizing Enough?

Is visualization the key to proper use of big data? Bar charts, treemaps, scatter plots – these are all visualization tools that put data into perspective, but do they drive the point home for those looking to extract meaningful information? The answer is to create a multidimensional view of the data that is more intuitive. This approach is Interactive Visualization.

CFOs Down and Dirty: Using Data to Bridge Management and Operations

by Scott Brinkerhoff

CFOs Down and Dirty: Using Data to Bridge Management and Operations

Traditionally, CFOs and their finance teams stayed narrowly in the arena of management. They strategically employed data-driven analytics to manage the business from the upper levels. As the ability to collect and analyze data has exponentially expanded, CFOs are increasingly in a position to aid their organizations in improving profitability and efficiency and more granular levels.

Business Analytics Must Move Beyond Pie in the Sky Thinking for Cloud Computing

by Serge Merkin

Business Analytics Must Move Beyond Pie in the Sky Thinking for Cloud Computing

Cloud technology has revolutionized nearly every industry - from technology to healthcare to hospitality to food service to telecommunications. Small and large businesses, the government and educational institutions depend on cloud-based software applications for many organizational functions. Cloud-based applications enable or enhance activities like more robust data storage, collaborative projects, automated marketing and more streamlined billing.

Survival of the Fittest: Be Ruthless or Die

Survival of the Fittest: Be Ruthless or Die

When it comes to survival of the midsize firm, you have two choices. You can be ruthless. Or you can die. Time is your biggest resource and the one most often abused. Because of the precarious spot in which midsize companies are wedged, inefficient use of time will kill you every time.

The Secret Test To Assure Superhero Hires For Your Finance Team

by Nick Ludlow

The Secret Test To Assure Superhero Hires For Your Finance Team

When it comes to hiring finance staff members, the traditional hiring process may not be enough to ensure you’re getting the best candidate for the job. Candidates may shine at the interviews, ace your proficiency tests and amaze with their litany of technical skills, but you won’t really know what they're all about unless you throw a real-world financial dilemma into their lap.

Are CIOs Poised to Become Internal Venture Capitalists?

by Laura Brady

Are CIOs Poised to Become Internal Venture Capitalists?

There's an evolution (or maybe a revolution) of sorts taking place as CIOs look to enhance the value of their already critical organizational role. In many ways, CIOs are poised to become internal “venture capitalists.” This actually makes complete sense when the functions of a typical CIO are considered.

Are Charities Managing Expenses Charitably?

by Karen DeLucia

Are Charities Managing Expenses Charitably?

In a recent comprehensive study conducted by the Independent Expert Group on Expenses, one out of every five charities answering survey questions posed by IEG stated that they "did not have an expense policy established.“ Response comments provided by IEG indicated that the Group considered "expense management part of basic internal controls and good governance" and further stated that "charities need to be encouraged to rectify this matter.”

3 Facts Every CFO Should Know About Predictive Analytics

by Dave Terry

3 Facts Every CFO Should Know About Predictive Analytics

Analytics platforms are essential tools in today’s organizations. Business leaders rely on them to facilitate fast, effective decision-making, while operations managers use such tools to deliver smooth execution of day-to-day processes. But it’s a mistake to think of analytics software as some kind of magic bullet.

5 Ways the Cloud Helps Accounting Departments Navigate a Rapidly-Changing Regulatory Environment

by Dave Terry

5 Ways the Cloud Helps Accounting Departments Navigate a Rapidly-Changing Regulatory Environment

From evolving audit standards to the future of new technologies, a recent Accounting Today article solicits insights from five industry experts addressing the latest trends in accounting. Today’s regulatory environment is rapidly changing and growing more complex. But such new technologies as cloud-based AP automation and expense management software are helping accounting departments keep pace and improve performance.

Working Across State Lines? Travel Expense Management Tools Are Essential!

by Connie Moser

Working Across State Lines? Travel Expense Management Tools Are Essential!

If you or your employee spends as little as a day working in another state, you could be violating state tax laws if you don’t file a tax return there, according to a recent article on the CNNMoney blog. Each state has its own rules for reporting income, and frequent business travelers could be responsible for filing dozens of different state tax returns. For organizations whose employees travel regularly for business, travel expense management tools are essential.

Auditing Expense Reports Manually Costs More Than It Saves

by Jim Whitmore

Auditing Expense Reports Manually Costs More Than It Saves

Armed with a calculator and a pencil, you compare an employee’s expense report to her receipts and find a mathematical error. Congratulations: You’ve just saved the company $35. The only problem is that auditing these business expense reports can easily end up costing more than it saves, especially if you manually process the reports.

Ways to Reduce Regulatory Risks

by Dave Terry

Ways to Reduce Regulatory Risks

The right expense management software can help reduce compliance risks and improve operational efficiency by using automation, electronic payments and analytics to increase transparency.

Business Audit? Learn How to Survive.

by Connie Moser

Business Audit? Learn How to Survive.

When it comes to understanding how to survive an audit, you’ll discover it really isn’t all that difficult. Granted, not many people out there enjoy being audited, but more and more businesses are adopting audits as a way to keep costs down and to make sure there is compliance with various regulations, both local and federal.

To Err Is a Spreadsheet

by Aviva Kram

To Err Is a Spreadsheet

Back in the olden days, spreadsheets were considered the finance team’s dream data structure. Many accountants developed complex algorithms to turn a spreadsheet into a full blown application and fully managed their finances through their spreadsheets. In 2004, CFO.com found that out of 14 technologies discussed with finance executives, spreadsheets were one of the two most widely used tools for running their departments.

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