Financial

White Paper: Star

Executive summary Expense management is costly and time-consuming. Depending on business size, the average expense report costs $58 and 20 minutes to complete. Factor in human error and compliance issues, and what should be a simple process becomes needlessly complex. Behind these challenges lie immense opportunity: AI-powered expense management solutions. New technologies are helping businesses improve financial control, enhance reporting and visibility and ensure compliance with company policies and government regulations. In this analysis, we dive into what decision makers need to leverage expense management solutions to improve business operations, including: ➔ Expense management market fundamentals ➔ Automation to boost flexibility, efficiency and productivity ➔ Strategies to create new revenue streams ➔ Key capabilities in an expense management innovation partner Expense management is an essential growth lever in today’s digital-first economy. Borrow our insights to capitalize on new opportunities and craft solutions fine-tuned for your business.    

White Paper: AutoRek

How to Automate Cash Allocation Process? Organizations are typically distressed concerning upgrading to new technology however automation really saves businesses money by streamlining inefficient financial processes like manual cash allocation which might be terribly resource intensive. Cash automation will bring added value by increasing the speed at which transactions are made, scale back errors and increase productivity of staff by allowing them to focus on more value added tasks to create a more profitable risk free environment. AutoRek's solutions are purpose-built to improve the quality and efficiency of financial data management, from cost reduction and process efficiency projects, to improving adherence to regulatory reporting requirements. VanguARd™, an automated cash allocation tool matches amounts received in the bank in any currency to any format of remittance advice, approves the values and automatically applies the money to sales and debtors ledgers in order to match to unpaid invoices. The business benefits of AutoRek includes- reduces production costs of management information and the reliance on IT to cut data and produce reports, reduces financial and operational burden of regulation and improves visibility of adherence to service level agreements. Move ahead and read the following whitepaper that will address all your questions, including these: What are the key challenges in manual processing? How AutoRek Cash Application works? What are the key features of AutoRek's Cash Application Process? What are the business benefits of AutoRek?

White Paper: AutoRek

How to manage your financial controls gaining efficiencies, mitigating risk and enhancing controls? Financial control must contend with complicated data environments, regulatory pressures and ever-present need to gain efficiencies. As businesses become more ascendable, a tactical solution to collate or analyze huge sets of data is no longer sustainable.  A robust process is needed that can manage financial controls and track transactions and accounts through their lifecycle. Managers would like access to key data in period of time and have problems escalated to them as they happen. This white paper informs how dashboards and workflows can accomplish that— from assignment of individual responsibility to account attestation and regulatory reporting, providing a strong robust automated financial control framework to completely support financial management. This whitepaper addresses present-day financial controls questions, such as : How to manage financial controls and track transactions and accounts through lifecycle? How to build a robust control environment and how to deal with complex data environments? What are the risks of tactical solutions? How to control the period end process? How a financial control framework supports financial management?

White Paper: I-Sprint Innovations

In the digital era, financial institutions need to meet and exceed the expectations of a new generation tech savvy users with digital broadband access to on-demand cloud-based services via a wide range of mobile devices. In order to earn customers’ trust and confidence in their digital channels, financial institutions will have to secure identity and manage cross-channel access while leveraging mobility and the cloud. This whitepaper provides insights on how financial institutions can secure identity and data in a hyper-connected world where the data center perimeter has blurred and the enterprise attack surface has radically expanded with increased cloud adoption and mobility. Case studies illustrating how financial institutions are implementing prudent steps to engage customers across multiple channels Ultimate aim of the omni-channel initiatives Emerging methods of authentication How to boost security and compliance while ensuring differentiated customer experience in omni-channel service delivery

White Paper: Trigent Software

In the present scenario, financial institutions are tired of the proliferation of technology innovations. Unless, financial institutions are ready to replace or transform their IT architecture, their challenges in the next decade will be daunting. This whitepaper highlights the impact of technology failure and its crippling impact on a financial institution and how technology can help reduce risk, be more cost effective and provide strategic value. Key takeaways from this whitepaper: Defining the financial institutions’ key players and their challenges How can financial institutions leverage technology for competitive advantage Advanced Content Security and Data Loss Prevention Key IT business drivers that the financial industry needs to focus on

White Paper: Circadence

Cyber‐attacks and threats against the financial services sector are ongoing – common targets include banks, payment processing companies, investment firms, and other organizations that manage financial transactions. A 2016 study reported that 83% of financial services companies cite defending against cyber threats and protecting personal data as one of their biggest challenges in building or maintaining their reputation over the next year. Gamification has the potential to bring a financial company's cyber security posture to the next level, producing both value and competitive advantage. Gamification allows companies to best determine how they direct their resources toward mitigating vulnerabilities and threats. Key takeaways from this white paper: Overview: Cyber‐attacks and threats against the financial services sector  Gamifying Cybersecurity: An opportunity for financial services companies Project Ares: Solution to the Cybersecurity training gap ‐ a gamified training platform Preserveing cyber team’s footprint: For future analysis, tracking of growth, and to facilitate strategic role assignments

White Paper: Basware

Growing a business in today’s constantly changing business environment requires CFOs to get more from the Purchase to Pay cycle that governs so much of the cash that moves through the business. Networked Purchase-to-Pay solutions combine cloud-based business networks with automated accounts payable, procurement and payments capabilities to make access to financial services much easier for buyers and sellers. This whitepaper details the six critical components which must be considered by the businesses for ensuring the success of a  Purchase to Pay initiative. Businesses should look for the following six critical components when evaluating P2P solutions: Accounts payable automation: Process improvement remains the top concern in accounts payable departments e-procurement: Facilitates the purchase of goods and services through approved sources using an online shopping cart. e-invoicing: e-invoicing accelerate invoice cycle times to avoid late payment. e-orders: Networked Purchase to Pay solutions facilitate the electronic exchange of purchase orders, confirmations, and changes to orders between buyers and sellers. Global electronic payment: Migrating to electronic payments is the top automation priority of controllers surveyed by IOFM. Dynamic discounting: Buyer-funded financing that helps suppliers improve control and visibility over their cash flow

White Paper: DigitalML

Large insurance firms are continually looking for latest business opportunities to power their digital transformation, as many existing business lines are flat or declining. In going digital, the main goal is to allow the insurance company to provide a more streamlined omni-channel customer experience. This whitepaper discusses about how insurance firms are speeding IT transformation with business-led canonical APIs. Key takeaways from this whitepaper: Delivering digital transformation for insurance demands a new approach Going digital gives insurers a stronger identity Leading insurance firms have already moved to this new agile approach Agile integration APIs & services deliver consistent business results

White Paper: Consero Global Solutions

Not having a clear financial picture of your company can lead to disaster. Growth can put a tremendous strain on your financial department: the people, processes and technology necessary for the company to continue successfully. Today, organizations are squeezing their finance and accounting functions like never before. Migrate to an enterprise-level accounting package that is connected to best-of-breed software programs, delivering a comprehensive financial solution. This white paper highlights: Common financial challenges faced by growth companies Painful results that occur as a consequence of these challenges Recommendations on how to avoid such financial issues Key factors that impact scalability and scalability best practices 

White Paper: Quali

Cloud Sandboxing for Financial Services will ensure that your applications run smoothly on your large and complex infrastructure.  Financial Services applications are becoming more complex and sophisticated – embracing newer technologies while at the same time having to support core services that are based on legacy and on-premises specialized systems. This whitepaper discusses these challenges faced by Financial Organizations, and introduces the concept of Cloud Sandboxing as an enabler for DevOps processes. How can sandboxes help you achieve faster application delivery? How do ­financial services organizations move to DevOps and deliver secure high quality applications at scale? How sandboxing provides the basis for good early application compliance security testing?

White Paper: HCL

Vertical Solutions will be a key component of the future transformational journey for financial services institutions. In Financial service industry,the business applications landscape is changing rapidly, and firms must act fast to cater to evolving customer demand. Financial service institutions (FSIs) need business applications that can deliver new business capabilities more flexibly including analytics, business intelligence, CX, and digital business processes faster. Read this insightful whitepaper that brings you the trends, drivers, and challenges of the business applications environment in financial services enterprises. It addresses questions like: How Vertical solution integration will be a key component of the future transformational journey for financial services institutions? What are the top business imperative that drives company’s transformation initiative to improve customer experience? Would your firm consider transforming its current landscape of financial-services specific business applications? What financial services firms do to simplify the business application environment ? How to overcome the key challenges faced in financial service business applications?      

White Paper: Adlib

Competitive advantage in the financial services can be achieved by delivering an exceptional customer experience. This, as we all know, is a Herculean task and questions like “How to drive the business growth in financial services industry?”, “How financial services are achieving technology-enabled competitive advantage?”, “How the management of business information is affecting the financial services enterprises?”,  etc., always linger. This informative whitepaper helps you better understand those issues and also guides on identifying and addressing the below questions: Which are the most important cost reducing factors in the data management process? How the enterprise content management processes are used to decrease the cost? How organizations are making more intelligent business decisions? How to use the information systems to achieve strategic advantage? How to make better decisions, drive business growth and achieve information governance goals? How to reduce the operational cost in financial services organizations? It outlines three key findings regarding how the management of business information is affecting the financial services world today.

White Paper: Sapphire Systems

Globalisation is seen as a trend, although barriers abound in the field of accounting as it has been changing dramatically. Globalization of the business environment presents many challenges in accounting, with significant differences in auditing practices, as rules, regulations, taxation and governance frameworks vary from region to region. In such conditions, meeting the accounting challenges is becoming hard, thus the need arises to answer a few questions such as: What are the key things to look for when evaluating a global accounting system? What should you look for when selecting a global accounting solution? What are the key changes required in accounting and accounting methods? What is the role of International Accounting Standards? Does the consulting team or partner have a presence in all of the countries you operate in? This whitepaper looks at some of the challenges organizations face in their quest to embrace globalisation, and identifies a new approach which overcomes cost and complexity to facilitate consistent financial reporting across the world.

White Paper: NopSec

The security and compliance are a major concern for the financial services organizations of all sizes in today's economic and cultural environment. So now the question arises: Is your financial service firm meeting the security compliance standards? If you are delaying cyber security and compliance, then your organization is more exposed to vulnerabilities and cyber attacks. This white paper on “A New Approach to Security & Compliance for Financial Services” talks about: How can smaller financial firms reach the security and compliance objectives? What are the general areas of financial compliance that can affect your organizations? What are the top factors driving new spending on information security compliance in financial services? What should be the security budget to face the challenges of security and compliance for your financial firms Gain an insight on how smaller financial services firms can reach their security and compliance objectives by gaining a deeper understanding of the cyber-security regulatory landscape.

White Paper: IDC

ERP systems are the technology backbone of the modern business, and as such, the process of matching the "right" system to specific business needs is extremely critical. Most companies spend quite a bit of scarce resources (time and money) on defining the business requirements and then evaluating the potential systems for a close functional fit and for the potential up-front (implementation and license) costs.

White Paper: Direct Commerce

As the electronic invoicing market becomes more saturated in large companies, the small and medium enterprise (SME) market, those with annual revenues under $250 million, continue to open up. Over the past year, PayStream analysts witnessed an increase in electronic invoice (eInvoice) adoption among SME’s, as well as an increase in workflow automation. New and improved innovations in eInvoice functionality including Software-as- a-Service (SaaS), free supplier portals, dynamic discounting and mobile transactional capabilities are the driving forces behind the increase in adoption in the middle market. More SMEs are now reaping the benefits that the large early adopters did, including reduced processing costs, increased invoice approval cycle times, improved cash management, and increased visibility, to name a few. In addition to more companies or (buyers) implementing eInvoicing, PayStream survey results reveal that eInvoice adoption has been of keen interest among suppliers. The number of suppliers that no longer submit paper invoices and have converted to eInvoicing has increased dramatically. Today more suppliers send more invoices to companies in electronic format that do not require data entry, resulting in a more efficient and cost saving invoice process. Solution providers are now catering to suppliers with aggressive supplier on-boarding programs and easy to use supplier portals. More eInvoicing providers are offering their services to suppliers at no-cost, in an effort to build their supplier networks and keep buyers and suppliers connected across the globe.

White Paper: Arcplan

An efficient budgeting, planning and forecasting (BP&F) process is a cornerstone of successful organizations, with each stage providing a blueprint of a how the company will achieve its financial goals. The budgeting process plots company expenditures and provides supporting detail documentation; the planning process outlines the company’s short- and long-term financial direction and expectations; and the forecasting process predicts financial outcomes based on current and past performance. As many finance teams will attest, “budgeting season” is a time of enormous pressure as departments cope with constantly changing market conditions which influence financial plans, and must make resources available to deal with the time-consuming, complex planning process.