How Digital Process Innovation Can Influence Organisational Change In The Finance Sector

Strategy Driven

The finance sector as we know it is being transformed by new technology. NEX Optimisation are undergoing an ambitious project to use distributed ledger technology to provide a single source of truth regarding financial transactions.

Complimentary Resource – Improving Business Operation Performance With Innovations

Strategy Driven

Improving Business Operation Performance With Innovations. Learn how using analytics to guide a business operations function is the path to continuous improvement and achieving higher operational performance. by SAP.

New Technologies for Mobile Merchant Accounts

Women on Business

This level of flexibility is a considerable asset to independent contractors like plumbers and electricians, and also allows tradeshow vendors, and seasonal stand operators unprecedented freedom to take credit card purchases. The same near field technology that allows a chip-based card to work is now being integrated into the latest generation of smartphones. Now she seeks to educate others with tips in both personal and business finance. Guest Posts Technology

How to Boost Your Profits

Strategy Driven

There are over 28 million small businesses nationwide, and a further 22 million that are solely operated. The chances are high that they have switched to a more relationship-based model that uses technology to improve their customer experience and loyalty. Review operational procedures.

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Maximize Tax Savings Using This One Simple Trick

Strategy Driven

Managing Your Finances business management strategydriven TaxesThe San Francisco-based tax law firm of Moskowitz LLP explains how to save big using the new aggregation rules of Section 199A.

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How Blockchain Is Changing Finance

Harvard Business Review

To wit, 45% of financial intermediaries , such as payment networks, stock exchanges, and money transfer services, suffer from economic crime every year; the number is 37% for the entire economy, and only 20% and 27% for the professional services and technology sectors, respectively. First, because it’s antiquated, a kludge of industrial technologies and paper-based processes dressed up in a digital wrapper. How technology is transforming transactions.

Shifting Finance from Controlling to Improving

Harvard Business Review

Yet this is exactly the challenge facing leaders of the finance function who are asked to help their organization improve the way that work is done. As finance shifts its focus from controlling costs to advising managers on improvement activities, CFOs must change their thinking and behaviors. Even though when I get up and talk, because it's my role, I talk about finance, I'm always thinking about the impact on customers, quality and safety, and employees as well.".

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When It Pays to Think Like a Finance Manager

Harvard Business Review

If you want approval for a new project — purchasing new equipment or computer systems, applying for a patent, building a new store — chances are you need your company’s finance department on board. To get the green light, it helps to understand how finance people think.

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Getting an Intricate Operation Back in Sync

Harvard Business Review

Facing interconnected operational issues, members of the eight-person senior leadership team were turning against one another. The director of finance grumbled that overtime costs were too high, due to high turnover and the fact that employee sick time had spiked.

Digital Growth Depends More on Business Models than Technology

Harvard Business Review

Given that those companies were all venture-financed and emerged from Silicon Valley, you might assume that the key ingredients that have ensured their success were cutting-edge technologies, digital platforms, and customer bases that were chiefly made up of digital natives.

Midsized Companies Can’t Afford Operational Glitches

Harvard Business Review

But they don’t think nearly enough about operational meltdowns – technological glitches and other problems that can put them out of business. They are usually quick to recognize operational problems and deal with them before they become disasters. Instagram dodged an operational meltdown that could have rendered the start-up dead on arrival. Operational meltdowns at midsized companies can take much longer to notice and resolve. Operations Small/medium business

Community Financing Breathes Life into a New U.S. Manufacturing Firm

Harvard Business Review

Seed-stage financing for technology start-ups fell from 16% of total annual private equity investment in 1995 to just 1% in 2002 and recovered to only 4% in 2011, according to data compiled by PriceWaterhouseCoopers and the National Venture Capital Association. The way to increase seed- and early-stage financing for physical-product start-ups is to reduce individual investors' risk by improving the quality of due diligence and spreading risk across a larger number of investors.

A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

Between 2006 and 2008, more than $1 billion venture-capital dollars were channeled into startups focused on solar, wind and biofuel technologies. In the last year, however, early-stage investments in clean energy production technologies have fallen substantially (see the table at the end of this piece for more detail). Although generalist VC investors have shied away from the sector, a number of specialist clean-technology investors have emerged in the last decade.

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Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business Review

Small startup firms are already developing proprietary technologies — such as machine vision, deep learning, and other innovations —– that could help large investors evaluate opportunities and risks with far greater accuracy and efficiency than was previously possible. Research we have collected in recent months shows that pension funds, sovereign wealth funds, and endowments expect imminent breakthrough innovations in investment technology.

Can Lending Technology Revive America???s Small Businesses?

Harvard Business Review

Small businesses are also instrumental to our innovation economy; small firms produce 13 times more patents per employee than larger firms and employ more than 40% of high technology workers in America. The potential of new technology to fill the gaps in small business lending is high.

HP Headed to Hotel California?

Women on Business

When it works, it’s wonderful but the operative word is when it works. For a small business, this is a huge operational problem. business development Businesswomen Bloggers Businesswomen Profiles decision-making Female Entrepreneurs Female Executives female executives Finance Global Perspectives Human Resources Issues International Business Leadership Management public relations Strategy Technology Uncategorized Women On Business Women On Business News Women On Business Roundtable

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Survey Data Shows That Many Companies Are Still Not Truly Agile - SPONSOR CONTENT FROM CA TECHNOLOGIES

Harvard Business Review

By Surya Panditi, SVP and GM, Agile Management, CA Technologies. It’s no use having technology that’s responsive to the business if the business can’t respond to technology and the demands coming from its customers. The report said that 44 percent of companies report that agile practices are widely used within the development team, and 41 percent say the same thing for IT operations, leaving a significant percentage still using it in pockets, or not at all.

What Digital Change Demands of IT Organizations - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business Review

And that means buying more new technology: IT organizations must adopt new platforms and processes and integrate services in new ways. Read More from DXC Technology: Is Your Company Adapting Fast Enough to Thrive in an Increasingly Digital World? These COEs are responsible for innovation, transformation and process governance, and they work closely with operating units in Mexico, Brazil, Central America and the Philippines to roll them out.

Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business Review

Over the past few decades, Silicon Valley has been such a powerful engine for entrepreneurship in technology that, all too often, it is considered to be some kind of panacea. The Silicon Valley model, for all of its charms, was developed at a specific time, for a specific industry, which was developing a specific set of technologies. By the 1980s, Silicon Valley had surpassed Route 128 outside Boston to become the center of the technology universe. Jurgen Ziewe/Getty Images.

Complimentary Resource – How to Cut the Hidden Costs Out of Travel and Expense Management

Strategy Driven

by Concur Technologies, Inc. Learn how to reduce your company’s overall operating costs by taking a strategic approach to your travel and expense management process. How to Cut the Hidden Costs Out of Travel and Expense Management.

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3 Things Are Holding Back Your Analytics, and Technology Isn’t One of Them

Harvard Business Review

During the past decade, business analytics platforms have evolved from supporting IT and finance functions to enabling business users across the enterprise. We’ve found three main obstacles to realizing analytics’ full value, and all of them are related to people, not technology: the organization’s structure, culture, and approach to problem solving. Technology Digital Article

Peer-to-Peer Small Business Loans Beat the Big Banks On Just About Every Count (& Not Just Because They’re The Only Ones Doing Any Real Lending).

Women on Business

This happens in part because peer-to-peer lenders operate online through sophisticated borrowing online platforms and therefore they don’t have all the traditional overhead costs of a bank, such as rent, and they’re somewhat freer from the cost of regulation (at least so far). Finance Guest Posts p2p small business loans peer-to-peer small business loans small business loansGuest post by Dan Azeroual.

Leadership in Cybersecurity

N2Growth Blog

Regardless of titles or functional position, the lead role in a security organization is expected to wear many hats and solve a myriad of strategic, operational and tactical problems. Today’s information security leaders are faced with: Technology aligned reporting structure.

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How To Prepare Your New Business For Success

Strategy Driven

You will need to maintain your finances, understand your audience, and all in all stick to your business goals no matter what. Maintaining finances. Getting expert advice in order to properly grow your business and using the technological tools at your disposal will always benefit you.

Some Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

It''s typically based on a review of internal and external facts and assumptions about the organization and the marketplace in which it operates. Products and Services (price, quality, Finances (stability, profitability, debt to equity ratio). Operations (facilities, capacity, distribution channels, supply chain, costs, use of technology). Technological (pace and changes in technology).

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How to Avoid a Business Data Breach

Strategy Driven

Over 90% of business operations are now stored digitally, so this increase is not surprising. After the 2013 Yahoo data breach and the recent Equifax hack, operating without proper security measures in place is no longer acceptable.

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Ideas To Help Accelerate Your SWOT Analysis

Six Disciplines

It's typically based on a review of internal and external facts and assumptions about the organization and the marketplace in which it operates. Products and Services (price, quality, Finances (stability, profitability, debt to equity ratio). Operations (facilities, capacity, distribution channels, supply chain, costs, use of technology). Technological (pace and changes in technology).

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David Wiener’s 40 Rules for Business, Management and the Rest of Life

Leading Blog

All I can add in deal situations is to “tell the truth in the most favorable light possible,” have reasonable expectations financially and operationally, and try to make sure that every transaction is ultimately successful for both buyer and seller. I HAVE a “no jerk” rule.

What Do 5 Top Women In Tech Have In Common?

Women on Business

This Internet entrepreneur and business executive is currently the Chief Operating Office at. Sheryl was also the former Vice President of Global Online Sales and Operations at Google, where she launched Google’s philanthropic. is a Harvard graduate that started LearnVest, an online personal-finance resource for young women. tech start up in New York, FindTheData, where she wears many hats and is involved in many day-to-day operations.

Continuous Business Optimization is a 21st Century Next Practice

N2Growth Blog

We spend 6 months optimizing the finance department and move onto engineering. With the continued advancement of technology, though, even marketing and advertising has become a customized proposition.

Could Your Next CEO Come from Any Department?

Modern Servant Leader

Do you value operations, maintenance, customer service , engineering, information technology , sales , finance, marketing , accounting – all departments, equally? How do you view each department in your organization? In Good to Great, Jim Collins explains the best CEOs are not external hires, but brought up through internal development. Therefore, your organization is best served by looking across the entire company for future leaders.

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Ensuring your business’s data integrity empowers profitable business decisions

Strategy Driven

Organizations rely on their data in order to make critical operational, tactical, and transactional business decisions that significantly affect the survival and livelihood of their company.

5 Reasons CFOs Struggle with Financial Reporting (and How to Overcome the Challenges)

The Kini Group

On top of these two pressure points, the finance department must be transparent about its purchases. CFOs often require costly technology and resources for their teams. This just creates a huge mess for the entire finance team. Complex Environments and Technology.

The Power of an Enemy

In the CEO Afterlife

For most of my career, I operated within intensely competitive arenas where fractions of market share points were worth millions of dollars. The companies that employed me were generally the underdogs in battles against bigger, better-financed organizations.

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Five Key Aspects You May Miss Out When Starting Your Business

Strategy Driven

Customers, products or services, operations, sales and marketing strategies, management and competitors – these are the absolute minimum, and when writing up your business plan, you must include all of these key areas. Starting a new business can be simultaneously exciting and terrifying.

Dealing with Change as Your Company Grows

Strategy Driven

Perhaps the technology team want to spend more time developing an upgrade to your product, but the finance team insist the money is better spent elsewhere.

Complimentary Resource – Best Practices for a BI and Analytics Strategy

Strategy Driven

Complimentary Resource – Improving Business Operation Performance With Innovations. Best Practices for a BI and Analytics Strategy. by SAP. Learn how a solid enterprise BI strategy can help streamline your processes and sharpen your competitive edge.

5 Reasons CFOs Struggle with Financial Reporting and Analysis (and How to Overcome the Challenges)

The Kini Group

On top of these two pressure points, the finance department must be transparent about its purchases. CFOs often require costly technology and resources for their teams. This just creates a huge mess for the entire finance team. Complex Environments and Technology.

A Blueprint for Digital Companies’ Financial Reporting

Harvard Business Review

In a follow up HBR article , we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks and distilled seven key insights from those discussions. Investors, therefore, look not just for reported revenues but for drivers behind the revenues, especially because digital companies’ operating activities often differ from their revenue-generating activities. Dorling Kindersley/Getty Images.

The Questions Executives Should Ask About 3D Printing

Harvard Business Review

Carmakers have started using 3D technology to produce parts. The technology is expected to lead to reductions in the cost of employment, capital investment, shipping and inventory as well. manufacturers, wholesalers, and retailers, according to a leading technology industry analyst.

Facebook has 22 job vacancies for its blockchain division

HR Digest

Finance Analyst, Blockchain. Business Operations Manager, Blockchain. Technology Communications Director, Blockchain (San Francisco or Menlo Park, California). According to the posting’s job description, the team’s major role is to determine “Technical Accounting and SEC reporting implications” regarding initiatives and disruptive technology, which includes new products, leases, derivatives, connectivity, blockchain, connectivity and infrastructure.

But My Business Is Different… | N2Growth Blog

N2Growth Blog

Great businesses are in constant search of improvement, innovation, change, disruption, knowledge and other strategic leverage points that lead to a competitive advantage or operational enhancement.

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Old Buildings Are U.S. Cities’ Biggest Sustainability Challenge

Harvard Business Review

When a market is operating so far below its financial potential, the reason is usually that supply models do not meet the buying criteria of the market — and existing building energy retrofits are no exception. Operations Technology Article

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