TRANSFORMING A THREAT INTO AN OPPORTUNITY THROUGH FINTECH

The short-term effects of the COVID-19 pandemic on global economies and society are plain to see: the temporary interruption of most production has had dramatic consequences for employment, and corporate financial planning and performance. However, the long-term consequences could be worse still. Faced by a radically changed consumer market, many …

DESIGNING ON UTOPIAS: TAKING A LESSON FROM ARCHITECTURE

Often, when we talk about the implementation of IT tools and applications for finance, we use terms borrowed from the lexicon of architecture. For instance, phrases such as “infrastructure design,” “interface design,” “user experience,” or “database architecture” all have roots in architectural design. Designing a building and designing an IT …

MICHELANGELO AND THE ART OF THE FINANCIAL REPORTING

magine you’ve gone back in time – to 1512 in Rome. More specifically, you’re standing in the Sistine Chapel, watching the famous artist Michelangelo complete what will become known as “one of the absolute masterpieces of the Western art”. Michelangelo has been working on the 500-square-meter painting for approximately four …

IN CASE OF FIRE BREAK GLASS: WHEN YOU MIGHT NEED TO HIRE A SINGLE SYSTEM ADMINISTRATOR – PART I

Corporate Performance Management systems have reached a truly remarkable and complex stage of development. Once relegated to the preparation of consolidated financial statements (very often for compliance purposes), a well-implemented CPM today is now able to manage planning and control processes, interact with business intelligence systems, and manage aspects of …

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