Accounts payable processes refers to various procedures that enable businesses to manage their payment obligations efficiently and effectively. Accounts payable act as a general ledger that can showcase all credit purchases as well as various services that your business is required to pay to creditors or suppliers.   Furthermore, accounts payable act as a short-term liability in your business’ balance sheet. Therefore, it is crucial to keep track of individual accounts and payments to help facilitate positive relationships with vendors. However, as the amount of payment-related ..read more

  It is becoming increasingly crucial for modern organizations to become more and more technologically innovative to catalyze digital transformation and increased efficiency. A recent study conducted by McKinsey found that global revenue in the industrial sector could be increased from $166 billion to $477 billion by using digital technology.   Cloud ERP (Enterprise Resource Planning) solutions are defined as a type of software that businesses utilize to manage day-to-day business operations such as procurement, accounting, risk management, supply chain operations and regulatory ..read more

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Whether intentional or unintentional, changes to your FP&A and close systems can have serious consequences for your business.   The much-maligned audit process—already a source of dread and panic for organizations that undergo it—can become even more unpleasant if auditors discover that changes have been made to your Hyperion environment without you knowing about it. In this article, we’ll discuss 4 possible repercussions that might befall your organization when changes go unnoticed. 1. Poor decision-making Incorrect changes to your chart of accounts, or to your calculation rules in O ..read more

  Most businesses run on applications. There are mission-critical applications in every department. Sales and marketing use CRMs and marketing automation applications. Customer service, accounting, and human resources all have applications that they couldn’t work without. It’s critical that these applications are available and running well in order for your business to survive and grow.   That’s where Application Performance Management (APM) and the associated application performance monitoring tools are invaluable. As you’ll see, there are a variety of use cases that your compan ..read more

  In the past, professionals sometimes viewed Application Performance Management (APM) as an expensive luxury. In today’s environment, that perspective is changing. In fact, according to the APM Digest, the market for APM is growing rapidly. It is valued today at $6.3 million, and the global market is predicted to reach $12 million by 2026.   When you see growth like this, you must believe that the technology is doing its job. In the case of APM, more and more IT professionals are seeing the benefits of APM, which is giving them improved monitoring and diagnosing capabilities. Th ..read more