In the beginning of December, Cognizant gathered clients over lunch for a roundtable discussion with speakers from PostNord, Celonis and Cognizant that shared the latest within Intelligent Process Automation (IPA).
As PostNord prepares its business for the future communication and logistics landscape, it decided to reengineer and transform its invoice process. The new touchless invoicing process, created together with Cognizant, contributes to PostNord’s focus on becoming a next-gen leader in communication, e-commerce distribution and logistics.
Many finance organizations are too reliant on historical data. A more accurate, timely financial information holds the potential to drive critical decision-making that keeps organizations competitive. Learn the four steps that help you achieve it.
Accounts payable processes are excellent candidates for automation. Reengineered processes, combined with AI and intelligent automation, can minimize costs, create efficiencies and improve compliance. These are the three key levers needed to succeed.
Often overlooked, the O2C cycle is an opportunity to reduce costs and working capital requirements. We explain how AI can be infused in the cycle to enable better decisions, drive automation, and reduce exceptions.
What makes an outsourcing center successful? Some keys are knowledge about the region’s business atmosphere and language skills. In Cognizant’s Vilnius-based delivery center, accountants, and IT experts become fluent in Danish, Norwegian, and Swedish within five months. Candidates are lining up to join.
The rise of digital finance capabilities enables finance and accounting (F&A) data to be leveraged in new, valuable ways. Levers like smart analytics, intelligent automation, and experience design can realize real-time enhancement of company-wide operations and smoother execution of business strategies. Learn the essential steps to take and get examples from our clients’ F&A functions.
Meet the expert that promises up to 30 percent savings to businesses that outsource their salary and HR processes.
The CFO’s responsibilities have evolved from resident bookkeeper to today’s business and strategy enabler; efficient operations are just the start of what business now demands from finance. Add to that the operational chaos caused by the coronavirus which means that finance departments are pressured even further. Check if your F&A function is lagging behind.
The coronavirus is pushing finance departments to address unprecedented levels of operational chaos and cash-flow uncertainty. This requires new ways of working and increased digitalization. Here’s how to get started.
Global shared service centers could either be an asset or a liability in the post-Covid era. As digital transformation is an imperative to survive, many organizations have now started questioning the rationale of their SSCC (shared service captive center) approach. The ongoing cost of operating it may be increasingly burdensome, perhaps even unrealistic.
How is the manufacturing industry currently coping with business operations? Some of the impacts of the Covid-19 response could end up accelerating enterprise modernization in the long run.
How well an organization weathers the effects of the Covid-19 outbreak will depend a great deal on how effectively it cares for its employees. Business continuity planning and execution should pivot around helping employees with high-quality information about the virus, effective preventive measures, and how the business intends to operate during uncertain times.
CFO need-to-know in a digital world:
At this time of year, many CFOs are putting the finishing touches to the budget for the next financial year. This often involves a lot of work. And it is even more difficult if they don't have the right tools, nor are able to provide the business with the right tools for planning, control and follow-up.
CFO need-to-know in a digital world:
Digitalisation affects all organisations, in all industry sectors, in several different ways. These days everyone realises that rapid change is necessary in order to be able to make maximum use of all new opportunities that are on offer. The question is how prepared your organisation is and where you should embark on the process of change?
Every New Year's Eve, we promise ourselves and our immediate circle of people how to become better persons. In your role as CFO you can also help make your organization better. To do that you have to ask yourself a number of tough questions.
As the CFO you possess information that nobody ever asks for, and if they do, it is difficult to give a quick answer. But the CFO sits on a gold mine that is seldom utilised: data, the very key to an ever more important role for the finance department.
CFO need-to-know in a digital world:
How can the finance department use analysis to promote and drive business development? It is all about utilising the goldmine that is data in a smarter way. Key performance indicators play a decisive role in realising analysis that creates more value.
