August 2017 What We're Reading

August 2017: What We're Reading

By: The Center Team

We’re here to help you make your business spending more strategic, intelligent, and connected. Stay up to date and on track with recent insights from small business experts and fintech thought leaders.
 

Finance Chiefs Want You to Use Plastic, Not Paper
Rheaa Rao for the WSJ | @RheaaRao

More companies are investing in corporate credit card programs in an effort to make business spending more strategic, intelligent, and secure.

"The use of corporate cards and other payment technologies is on the rise. About one in five finance departments said they would invest more in company-backed credit cards this year, according to a report by Strategic Treasurer. The move is driven by security concerns, with 72% of respondents concerned with the potential of external hacks."
 

The Power of a Rolling 120-Day Cash Flow Forecast
David Finkel for Inc. | @DavidFinkel

Discover a tool to better understand and manage your cash flow (and learn why your P&L "profit" is often a misleading indicator of your cash position).

"I see so many business owners get into trouble when they think the ‘profit’ showing on their P&L is equivalent to cash in the bank. It most assuredly is not. While this might not feel intuitive, practicing with your rolling 120-day cash flow forecast will help you strengthen this muscle so you feel greater confidence about this pillar of your company."

Building Trust While Cutting Costs
Vinay Couto, Deniz Caglar, and John Plansky | @stratandbiz

How thoughtful strategy and inclusive communication can help companies enact cost-cutting measures without damaging employee morale.

“All spending is investment; every cost is a choice.”

AI and Machine Learning Impact on FP&A
Chris Ortega, FP&A Trends | @MegaOrtegaCEO

A look at how emerging developments in artificial intelligence and machine learning will revolutionize the field of financial planning and analysis.

“AI & machine learning can eliminate focus on low-value activities such as data aggregation, data mining, and turning data into information…FP&A teams will have more time to focus on high-value activities such as strategic planning, business partnership, and predictive analytics.”

Technology Industry T&E and Spend Management Challenges: How Leaders Respond
Bryan Ball | @bryanballSCM

How today’s tech leaders are managing travel & entertainment spend efficiently while keeping team productivity high.

"The typical cash cycle for the high-tech industry is uneven, with large cash outflows as a product is developed and heavy cash inflows when sales have begun. Cash flow visibility is critical."

Have a helpful article or publication to share? We’d love to hear from you: hello@CenterID.com.
 

Related articles:

Why Connecting Strategy to Spend Matters

Leading the Shift to Proactive Budgeting

“All spending is investment; every cost is a choice.”