Center Point: What we're reading Nov 2017

November 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 business strategy experts and fintech thought leaders.
 

How Cash Flow Automation and Insights Help Small Businesses Survive—and Thrive
Christal Bemont for SmallBizDaily | @ChristalBemont

Taking charge of your finances through automation can help your small business be smarter, more efficient, and more competitive.

"The opportunity in automating spend management is huge—a recent report from IDC found businesses using cash flow automation achieved 505% ROI over five years and spent 68% less time processing invoices."

Companies Leave Bean Counting to the Robots
Nina Trentmann for The Wall Street Journal | @Nina_Trentmann

New automation technologies are helping global companies not only save money, but also minimize errors and allow employees to spend more time doing strategic analysis rather than repetitive tasks.

"Finance departments are seeing results from the increased sophistication of robotics and automation tools: digital transformation can cut labor and outsourcing costs by 20% to 35%."

FP&A: Let the Fun Begin
Keith Button for CFO.com | @CFO

Exciting new technological and automation advances are taking the drudgery out of Financial Planning & Analysis, freeing up more time for strategic thinking.

"Achieving 98% accuracy within an hour is far more valuable than achieving 100% accuracy within a day or two."

7 Reasons Why Good Financial Business Partnering Starts with Cash Flow
Michael J. Huthwaite for FP&A Trends | @FinanceSeer

Learn why building a business culture that centers on cash flow is the strongest pathway to success for virtually any business.

"We need a common language that both finance and the business can speak, without trying to turn finance people into business experts nor business experts into finance people."

Travel, Expense, and Machine Learning
John Gibbon, Concur | @JohnGibbon

Learn about some of the technological advances that are rapidly coming into play from our friends at ConcurLabs. Artificial intelligence and machine learning is changing how business is done, today and in the near future.

"Machine learning will certainly be increasingly important in the future—however, part of the future has already arrived."


Corporates Lack Visibility Into Travel Spend Methods, GBTA Finds
PYMNTS staff | @PYMNTS

Non-corporate methods of paying for travel can cause challenges for small and medium-sized businesses, making business travel more difficult to track and reimburse.

"Cash continues to play a significant role in how traveling employees make payments, despite corporate cards and virtual payments gaining traction."

 

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

Related articles:

Leading the Shift to Proactive Budgeting

Getting a Handle on Discretionary Spend

Recent news and insights to keep you up to date and on track—including advances in automation, artificial intelligence and more.