Ignitepossible Blog Banner

Treasury Optimization Starts with a Global Approach to Cash Management

Tue, Apr 9, 2019 @ 04:12 PM / by David Fellers posted in CEO perspective, Treasury Management, cash management

Companies operating in today’s diverse global environments face unprecedented challenges with regard to managing capital assets, especially cash accounts that are distributed throughout multiple operating entities in different countries.  These challenges are exacerbated within companies that have grown via merger and acquisition (M&A) strategies, which often results in trying to manage cash accounts across a variety of legacy financial systems.

CFOs and treasury departments need to optimize their companies’ cash agility amidst volatile foreign currency exchange (FX) environments while also complying with constantly changing regulatory environments and escalating global competitive pressures.

At the same time, many companies are realizing that leveraging new treasury-focused technologies and best practices in cash management can provide valuable benefits in terms of improving operating results, maximizing asset utilization and enhancing their ability to quickly respond to new opportunities.

Instituting strong enterprise-wide cash management is also saving valuable time and resources, thereby enabling finance staff to better contribute to high-value activities such as analysis, planning and decision support.

Read More

Analytics is the New Face of Financial Transformation

Thu, Jan 10, 2019 @ 05:38 AM / by David Fellers posted in FinancialTransformation-Hot-Tips, CEO perspective, Thought Leadership

People are hard-wired to recognize and interpret faces with amazing speed, accuracy and attention to detail. Even as infants we quickly learn to know our own parents’ faces and to differentiate them from strangers’ faces. Throughout life, the ability to automatically pick up on subtle facial cues and to “read” the meaning behind them are critical factors for streamlining complex social interactions and enabling rapid decisions such as friend vs. foe, and cooperation vs. opposition.

Imagine if you met someone without a face. How would you even begin to interact with them?

Well, that’s how most CFOs and other C-level executives feel when they hear the term “Financial Transformation” without a way to clearly visualize what it means.

Read More

The Shift Toward Predictive Accounting

Wed, Nov 7, 2018 @ 06:06 AM / by David Fellers posted in predictive analytics, analytics, CEO perspective, Thought Leadership

Accounting has traditionally been a backwards looking profession.  Let me be clear that I did not just call accountants backwards people, but in general their mandate has been to document, audit and verify what has already happened.

However, things are changing rapidly in the world of accounting.  As I covered in a recent blog post on The Changing Role of the CFO, there is a major shift toward broader and more forward-looking responsibilities within the Office of the CFO and the accounting profession in general. 

Some of the forces helping make these changes a reality are enterprise-wide integration of advanced analytics, unifying financial information in a single-source-of-truth, movement toward continuous-close processes and the rise of Machine Learning.

Read More

Changing Roles and Responsibilities for the Office of the CFO

Wed, Sep 26, 2018 @ 06:08 AM / by David Fellers posted in CEO perspective, S/4HANA, Thought Leadership

As companies grapple with accelerating changes across most global markets, they face critical challenges for staying ahead of competitors, sustaining growth, maximizing profitability, complying with regulatory requirements and establishing organizational agility to respond quickly to the unexpected.

Read More

Compliance is Not a Sprint; It’s a Marathon.  Your Strategy Needs to Go the Distance

Fri, Sep 7, 2018 @ 06:30 AM / by David Fellers posted in CEO perspective, Thought Leadership

Over recent years, companies throughout the world are experiencing a series of major changes in regulatory and compliance mandates that are disrupting existing accounting and business processes. 

Read More

Building Finance Innovation upon a strong Compliance Foundation

Sat, Aug 11, 2018 @ 04:43 PM / by David Fellers posted in finance innovation, CEO perspective

We can all agree that any physical building needs to have a strong foundation to assure safety of the occupants and sufficient resilience to maintain structural integrity against external forces, such as wind, flood, earthquakes and other potentially damaging events.

Read More
New eBook: S/4HANA is the Future: Understanding Why and How to Get There Download Now
Download eBook - Transitioning to ASC 842: Why Robust Analytical Reporting Tools will be a must for all Entities

Subscribe to Email Updates

Recent Posts