The six costliest words in managing a finance department are, “We’ve always done it this way.” The record-to-report (R2R) cycle describes the process of finalizing and summarizing the financial activities of a business for a specific accounting period—typically a month, quarter or fiscal year. It is important to note that R2R exclusively covers the activities between recording (keeping the books) and reporting (publishing financial statements and management accounts). It involves completing...
Read More
Topics:
Office of Finance,
ERP and Continuous Accounting,
digital finance,
Generative AI,
Consolidate and Close Management,
AI and Machine Learning
We live in a time of uncertainty, not unpredictability. Especially when a business finds itself on an undefined journey with an unclear destination—whether caused by internal events or the world at large—having plans to deal with a range of outcomes increases the odds of success. Or, at least enduring the least amount of damage. Managing an organization in uncertain times is always hard, but tools are available to improve the odds of success by making it easier and faster to plan for...
Read More
Topics:
Machine Learning,
Office of Finance,
Supply Chain Planning,
Business Planning,
Supply Chain,
Enterprise Resource Planning,
Artificial intelligence,
digital finance,
Generative AI
Infor provides industry-specific enterprise software that enhances business performance and operational efficiency. These verticals and related micro-verticals include manufacturing, food and beverage, hospitality, healthcare, distribution and retail. Infor offers applications for enterprise resource planning, supply chain management, customer relationship management and human capital management, among others. Infor’s strategy is to tailor software with a high percentage of specific...
Read More
Topics:
ERP,
Machine Learning,
Office of Finance,
Operations,
Continuous Accounting,
Supply Chain,
AI