Biometric time clock systems have the potential to save time and money -- and make it easier to track hourly employees. Mobile and cloud-based biometric time clock systems allow workers to log in from home or remote locations via their…
Finance Technology
Business and tech leaders admit their organizations aren't looking before they leap. Fifty-eight percent of 1,000 CFOs and CIOs say they've yet to complete "a preliminary [emphasis ours] assessment of AI risks in their organization," according to PricewaterhouseCoopers's 2024 U.S.…
Excel is great for summarizing data in tables, charts and PivotTables. Here are a couple of time-saving methods for summarizing data in Excel that Finance staffers can try: Excel Special Paste The Special Paste feature can be used to copy…
Finance technology is changing all the time. Trends come and go. But the underlying goals of finance teams don't change much at all. The top goals of teams that manage the invoice‑to‑cash process remains the same -- to improve payment…
AI and machine learning technology is giving companies an edge like they've never enjoyed before. Businesses can pinpoint exactly which customers (and which kinds of customers) are more likely to buy their products -- and a whole lot more. Such…
Can a company's cybersecurity weakness equate to "ineffective accounting controls?" The Securities & Exchange Commission (SEC) says yes ... ... but for now, the courts say no. The SEC charged SolarWinds and its chief information security officer (CISO) Timothy Brown…
Fully integrated, automated payments! A dream goal for many CFOs and controllers. Imagine how much more mission-critical work finance staffers could dig into? Here's a reality check: If you're still in the process of transitioning from manual to automated processes,…
Excel financial formulas allow users to process accounting data quickly and easily. To use a financial formula in Excel, click on the “Formula” tab along the main tool bar. From the function library, click on “Financial” and select the formula…
Did you hear about the Snowflake hack? Snowflake is a cloud computing company that got blasted by a series of attacks earlier this spring. Snowflake clients ended up taking most of the shrapnel. Snowflake client Ticketmaster estimates 560 million customer…
An Excel database is perfect for organizing -- and clearly seeing -- financial data. A database includes a series of series of records in rows with fields of data entered in columns. Here are three steps to use Excel as…
In a matter of months, companies will possess first-ever guidelines for environmental credit accounting. Public and private firms will be required to follow one model for marking down projects like carbon dioxide offsets. The Financial Accounting Standards Board (FASB) unanimously…
Extortion attempts such as ransomware attacks are on the rise again. Companies may want to consider cyber insurance policies to protect themselves. Client companies insured by Marsh reported a record number of cyber extortion attempts in 2023, roughly 65% more…
