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How to improve your finance operation’s efficiency with generative AI

IBM Big Data Hub

While you may have learned about generative artificial intelligence (AI), you may not know what it means for the future of Finance and Accounting (F&A). Figure 3 highlights ancillary benefits that conversational AI technology provides. Pilot the technology. Consider the ethical implications.

Finance 63
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Capitalizing on technology budgets: A CIO’s story

CIO Business Intelligence

By leveraging data-driven methods, businesses can optimize and reclaim operating capital from their extensive technology budgets, reducing expenses without resorting to drastic measures. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

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How to get your CFO to buy into a better model for IT funding

CIO Business Intelligence

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 122
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How Nonprofit Finance Teams Can Spend Less Time Gathering and More Time Analyzing Data

Jet Global

Nonprofit finance professionals play a critical role in tracking costs, donations, and operational expenses in order to assess financial health and keep the organization on track. Each reporting stage needs to be tracked by finance and disclosed to the public.

Finance 75
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8 Examples Of Financial Reports You Can Use For Daily, Weekly, And Monthly Reports

datapine

In addition to empowering you to take a proactive approach concerning the management of your company’s finances, financial reports help assist in increasing long-term profitability through short-term financial statements. Exclusive Bonus Content: Reap the benefits of the top reports in finance! What Is A Finance Report?

Reporting 251
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3 things that make a CIO-CFO dream team

CIO Business Intelligence

How well the CIO understands finance : “The CIO should run IT like a business within a business,” says McGittigan. The best of them are good at telling both a cost and value story around IT.” However, the CIO will be expected to understand and manage IT costs and budgets, both Capex and Opex.”

Finance 114
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Business process reengineering (BPR) examples

IBM Big Data Hub

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.