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Table of Contents A History of ERP The term Enterprise Resource Planning (ERP) was developed by Gartner in 1990, defined …

Strategic growth is the ultimate goal for any company aiming to scale and expand its operations. A lot of recent studies like this one from Gartner concur on growth being a top priority for CEOs and CFOs alike, regardless of the volatility of the market.

For CFOs key to this growth is effective cash management. Without a clear handle on cash flow, even the most promising growth strategies can falter.

In this article, we will delve into the struggles and solutions CFOs face during rapid growth, drawing insights from the success story of UK-based White Rabbit Projects, a hospitality group that has mastered cash flow management with the help of tools for automation and cash visibility.

Embarking on an Enterprise Resource Planning (ERP) journey is a significant milestone for any organisation. A successful ERP implementation can streamline operations, enhance productivity and provide real-time insights into your business. However, achieving these benefits requires meticulous preparation and a strategic approach. At MacroFin Consultants, we emphasise the importance of a solid foundation, which encompasses four core pillars: Preparation & Readiness, Vendor Selection, Implementation and Ongoing Support.

In today’s fast-paced business environment, efficient financial operations are crucial to success. Yet, many organizations lack a cohesive order-to-cash process, leading to significant revenue leakage. According to MGI Research, revenue leakage is responsible for 3-7% of top-line revenue loss for nearly half of all companies.
This article explores the indicators of a fragmented order-to-cash process, the repercussions of disjointed and manual processes, and effective strategies finance leaders can implement to address the issue and protect their organization’s financial well-being.

The finance team is the beating heart of any business. Money flows through them; and it’s essential that the finance team stays as effective as possible and constantly pushes to optimize and improve.

In today’s dynamic work landscape, companies are increasingly embracing alternative work arrangements to foster employee well-being, satisfaction, and productivity.

2023 has been a year of momental change, particularly with the launch of AI. More than ever, business success hinges on making informed decisions and adapting quickly to changing market dynamics, and the CFO has a pivotal role by bringing financial acumen and data-driven insights to the executive table.

The role of the Chief Financial Officer (CFO) in businesses has been expanding and evolving rapidly. A recent report by SAP Concur tackles the emerging theme of CFOs taking increasing responsibility for managing uncertainty in their organizations. SAP Concur surveyed 220 chief financial officers and senior finance leaders for its latest CFO Insights report. The research, carried out in July and August 2023, covered the USA, Australia, Canada, the UK, Germany, Brazil, and Mexico. It included a wide range of sectors from financial to healthcare, utilities, consumer, and industrial.

The role of finance teams in an organization has evolved beyond just bookkeeping and administrative tasks. Today, finance professionals are expected to contribute to strategic decision-making and add value to the organization. However, to be perceived as value creation centers, finance teams must shift their focus from merely providing support functions to driving business success. In this blog post, we will explore how finance professionals can transform their teams into value creation centers and enhance their professional reputation within the organization.