BPM’s Lifeline for Capital Spending

Business performance management software can guide companies to the most lucrative capital investments. But data integration problems hold up progress.

Dan Danbom

Say what you will about how the United States is superior to Denmark, Finland, Austria, Norway, Sweden, France, Germany, Spain, Brazil, England, Switzerland, the Netherlands, Ireland, Belgium, Australia, New Zealand and Colombia, but those countries have us beat when it comes to how much vacation time they give employees. Even the stingiest of these countries – New Zealand and Colombia – give employees 50 percent … [ Read more ]

Rewriting the Letter of Credit

Online commerce cries out for a new take on an old economy tool. Letters of credit are being transformed into digital documents stored on Web sites, and new electronic alternatives are preserving the benefits of L/Cs in a form that is simpler and paperless.

The Top 10 Traps of Budgeting

Companies keep driving into the same traps in the budgeting process. The fallout can be serious in boom times; in the current economic climate, foibles can take an organization so far off course that it never gets back into the game. Here are the most common traps – from no-brainers to complex pitfalls – and tips for sidestepping them.

Project ROI

The discipline of project management is dedicated to improving the odds that every undertaking is completed within a set time frame and budget and that it achieves an acceptable level of quality. Project managers must know how to apply the right balance of knowledge, skills, tools and techniques to the myriad activities required to reach the specified goals. However, many companies do not give project … [ Read more ]

Perfect Treasury For an Imperfect World

Aspirations run into limitations, but multinational treasuries push forward in the race toward world-class status.

The Bank Cash/Book Cash Disconnect

Although they work in the heyday of systems integration, today’s cash forecasters confront a gap between what their ERP systems know and what their treasury workstations tell them to base predictions on.

Get a Grip on Assets

Few companies know the true cost of their assets – from property, plant and equipment to intellectual capital. Some don’t even know what they own or where major assets are located. Here are suggestions that can help stop the insanity.

Why Your Bank May Cut You Loose

Everybody needs to make money, but CFOs may chafe if their bank puts its own profitability needs first. Here’s how to obtain the banking services you need with reasonable terms and conditions.

IT Measures Evolve

Rising IT budgets call for a scorecard to align resources with business goals. CFOs can help CIOs develop this measurement tool and communicate findings to achieve goals.

Thinking in Real (Options) Time

How companies are maximizing the power of real options thinking without getting bogged down in complexity.

Why Benchmarking Doesn’t Always Lead to Best Practices

Read about getting maximum payoff from benchmarking efforts as well as how to grab the benefits and dodge the pitfalls.

How To Make E-Billing Pay

Software vendors are gradually closing the gaps in online billing and payment systems, but getting rid of paper is not as simple as it sounds.

Birth of a New Budget Culture

New Web-based applications offer to streamline the budgeting process, but such a change can be painful. In addition to software upgrades, companies must overhaul the corporate culture.

Use IT or Lose IT

Companies fail to take full advantage of their IT resources for many reasons, including poorly planned implementations and a lack of understanding of how big-ticket financial systems align with strategic objectives.