2020, 2021, 2023, 2025, 202’x’ In terms of years, they’re right here, right now – or just about to be. In terms of predictive milestones, they’re also high usage rate harbingers for the future of finance if you study your valued reports and analysts. We did. While the year 2020 really did a number – […]
“The current global context removes many of the long-standing impediments to embracing transformation.” That statement is from the October 2020 COVID-19-infused edition of McKinsey & Company’s annual report on global payments, yet the sentiment is just as relevant today. “The COVID-19 crisis is having a significant and widespread effect on global payments across sectors,” kicked […]
Revenue management is geared toward optimizing financial results, predicting demand, and making the best use of inventory and price availability through the informed use of analytics. The implementation of a software solution can help such tasks be performed faster and easier. Certain industries more than likely spring to mind as great candidates: airlines, hotels, car […]
Some basic facts: Every company, regardless of type, industry demographic or location, needs to bring revenue in the door. Every company across the globe also needs billing to be set up correctly. How should a proper billing setup look in an enterprise? With a focus on large-scale business-to-business (B2B) billing, this setup had a very […]
Let’s set the scene… You’re running through the numbers at your cubicle six floors up in the tastefully designed Hutt Towers, which monopolizes much of the harsh, desert skyline on your home planet of Tatooine, and you come to your own harsh realization. Your company, like most spread through the galaxy, faces more complex billing […]
We weren’t the first and won’t be the last to say it, but we’re whom you’re reading right now so stick with us here for this gem: A company’s order-to-cash processing is critical to its success, yet until foisted upon them by the economic fallout of the COVID-19 pandemic, executives rarely paid close attention to that […]
We’ve mentioned some pretty significant changes bringing revenue recognition to top-of-mind status for most all CFOs and Controllers spanning industries worldwide. Revenue accounting has always been complex, but ASC 606 ratcheted that up by a factor of 10. Today’s evolved business landscape and variety of modeling options available create challenges best overcome through the implementation […]
Some businesses require more overhead than others, and along with that comes unique challenges. Specifically, industries such as construction, car rental firms, commercial real estate and leasing agencies must all manage significant investments in capital assets effectively in order to ensure profitability. These at-first-glance diverse industries share at least two things in common: complex asset-based […]
