From Financial Reporting to Data Visualization, a Needed Switch to Drive Organizational Growth

As companies digitize their financial processes, they are accumulating enormous amounts of data about operations and customers. The point of collecting this information is to provide insights that leaders and teams can use to make better decisions. As a result, visual reporting is gaining momentum. Foundry’s 2021 Data and Analytics survey found that 69% of…

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Salient Medical Solutions

A logo of salient medical solutions

Read how Salient Medical Solutions scaled their revenue 250%. Healthcare and beauty products distributor boosts efficiency 200% while delighting customers Manual work hurts efficiency, customer experiences Incorporated in 2013, Salient Medical Solutions is a trusted supplier of medical products for skin care, vision, orthopedics, wellness, aesthetics, and more. Its healthcare practitioner customers rely on Salient…

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Driving Efficiency and Growth with Automation

Human error in the finance function creates an average of 25,000 hours of avoidable rework at a cost of $878,000 per year, according to research by Gartner, Numbers like this are anathema to modern business, which prioritizes organizational efficiency. In Foundry’s 2021 Digital Business Study, improving employee productivity and performance was the top objective for…

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How Integrated Data Can Help Financial Management

Organizations have long been in search of the Holy Grail of financial management: a single source of truth they can use for accurate reporting and budget planning. But the reality is that financial information is too often scattered among spreadsheets and other applications that don’t communicate with one another, making data management unwieldy and time-consuming.…

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How to unleash Innovation and Agility with Cloud-Native Applications

In an age of technology innovation, cost pressures, and demanding customers, cloud-native finance applications help companies compete. In a global Capgemini survey of banking leaders, 88% said cloud-native applications improved their organizations’ agility, and 84% said it helped increase revenue and cut operating costs. “It’s more important than ever for companies to be nimble and…

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AI In Finance: What ChatGPT And Generative AI Means For CFOs

What is generative AI and ChatGPT? Artificial intelligence known as “generative AI” is capable of creating new content on its own, without the need for manual input or instructions. Generative Pre-trained Transformer, often known as ChatGPT, is an illustration of generative AI. It is a language model that creates human-like answers to user inputs by…

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The Hidden Cyber Risks of Siloed Financial Data

CFOs and their finance teams are in many ways at the center of an increasingly complicated threat landscape. The information they use is too often stored in unconnected databases, hard drives, and software applications, which teams export into spreadsheets and send across the organization as email attachments. Each data transfer and hand-off introduce a new…

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