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Why Finance Teams are Struggling with Efficiency in 2023

Jet Global

The results are in–for the third year in a row, insightsoftware has partnered with Hanover Research to deliver our yearly Finance Team Trends Report. Comparing results across the years shows an incredible journey for finance teams across the globe. Here, we discuss the top trends for finance teams this year.

Finance 52
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Blockchain: The Fall of Traditional Centralized Systems in Business & Finance

Smart Data Collective

One of the biggest industries that has been affected has been finance. The market for blockchain technology in the financial sector is expected to reach over $3 billion by 2024. The change that seems most prevailing in terms of technological advancement is in business and finance to kickstart this revolution.

Finance 138
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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

It helps companies operate more efficiently, tap larger markets of customers, and solve some of their most complex challenges. As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. Big data technology used to be a luxury for small business owners.

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Finance Teams Are Alarmingly Less Efficient Than a Year Ago, According to New Research from insightsoftware

Jet Global

While trying to do more with less, accounting and finance pros are taking longer to get work done, overlooking automation and technology as a potential solution RALEIGH, N.C. In 2022, despite continued economic headwinds, finance teams were optimistic about the future and preparing for growth.

Finance 52
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How Private Equity Firms Can Manage Uncertainty With Scenario Modeling

Jedox

Assets with strong fundamentals and low valuations create openings to new markets. Distressed debt urgently needs financing; and digital and automation investments can strengthen resilience and agility. In the face of uncertainty, investor relations are paramount. Making the right bold moves could mean leading the recovery.

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Lack of Time for Analysis, Adoption of New Technology and Data Limitations are Top Challenges Facing Finance Teams, According to insightsoftware Survey

Jet Global

. – May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. Finance Team’s Role & Challenges. Two-Year Priorities.

Finance 98
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Operational Finance in the Age of Covid-19: Time to Change the Basics?

Jet Global

Covid-19 has had a hugely disruptive impact on operational finance. The term ‘operational finance’ encapsulates the critical activities associated with order to cash, procure to pay, fixed assets, close, consolidation, and reporting. Invariably, these activities have seen added stress in 2020. But there’s a balance to be struck.

Finance 98