3 Necessary Steps to Maintain Data Security
Massive data breaches affecting global companies like Sony, Neiman-Marcus and Target have solidified the unsettling fact that even huge mega companies cannot always prevent compromises in customer and company data.
For CFOs, SaaS and Cloud for AP5 Must-Know Tips to Prevent Corporate T&E Fraud
With employee travel and entertainment (T&E) spending accounting for up to 6% of total corporate costs and continuing to increase, it's wise for companies to monitor T&E spending. Lack of careful T&E oversight can open the door to fraud, policy violations and corporate waste. Consider the tips below to keep your corporate T&E spending in check.
Business Travel, Expense Management, FraudAre CFOs Thinking About their Jobs and Careers the Right Way?
Too often, CFOs spend so much time focusing on the daily requirements of their specific employment activities that they lose sight of their long-term career goals. Although they definitely need to devote time and energy to their current employer, they also need to invest in their own personal future career. They do not want to be caught suddenly looking for another job when they have not prepared for that eventuality.
For CFOsBig Data: Six Trends to Be Aware of in 2014
Our world is producing data at an unprecedented rate. More impressive than the simple generation of data is the fact that the data can be stored, accessed, manipulated, analyzed, and applied. With this proliferation of big data comes the ability to use it; any business that fails to take advantage of the plethora of available data is setting itself up to lose out on valuable insights.
For CFOsRun Like The Wind, California Chrome!!
Our best wishes go out to California Chrome this weekend in the Belmont Stakes. The possibility of a Triple Crown win has captivated the hearts of all the Chrome River employees and we wanted to share our excitement with you.
Chrome RiverDear CFO - Are You Getting Quality Data When You Need It?
Carrying out an impeccable job as CFO is crucial to the well-being of your company. As CFO, your main duties include managing risk and analyzing your company’s finances. Your analyses and recommendations guide the company, and inappropriate suggestions based on analysis of inaccurate or delayed data can be disastrous for your company, and could lead to taking on undue risk or making poor budgeting decisions. Timely and correct data are essential for your job, but you may need to take some steps to ensure that you get the data you need whether you are analyzing the numbers from within your division or from a different or remote department or partner company.
Expense Analytics and Reporting, For CFOsSuper Easy Ways to Save Green and Be Green in Your Office
Computers and other electronic devices are just as critical to your business as lights and telephones. Your office could not function without them, but they do have a downside. They require electricity, and can be a substantial contributor to your power bills. Limiting your and your employees’ use of computers and technologies is out of the question if you want a viable business, but you can cut your carbon footprint – and some of your bills – with some other strategies.
Expense ManagementBig Data Visualization - Are You Visualizing Enough?
Is visualization the key to proper use of big data? Bar charts, treemaps, scatter plots – these are all visualization tools that put data into perspective, but do they drive the point home for those looking to extract meaningful information? The answer is to create a multidimensional view of the data that is more intuitive. This approach is Interactive Visualization.
Expense Analytics and Reporting, For CFOs, For Travel ManagersWhy Your Water Bottles Should be BPA-Free but Your Business Should Not
OK – we understand that we don’t want the chemical known as BPA in our water bottles. But when it comes to the BPA that stands for ‘business process automation’ – well that’s a good thing. A recent survey from CompTIA revealed that more and more businesses are using workflow automation to boost efficiency and overhaul existing business processes. Technologies like direct deposit are streamlining activities, and helping businesses get more done faster, growing their scope and market share. The industry of business process management (BPM) and business process automation (BPA) is projected to grow to $7.6 billion in 2016, up from $4.4 billion in 2012.
For Travel ManagersBiz Meals: To Write Them Off Or Not
Business people often feel hesitant about writing off meal, travel and entertainment expenses incurred during business. Even though you understand the fun activities you're engaged in are strictly business, you're don't always feel confident that the Internal Revenue Service will agree with you. Just because a work-related task is enjoyable, it doesn't mean you shouldn't be able to deduct expenses on your tax return.
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Our choice of Chrome River EXPENSE was made in part due to the very user-friendly interface, easy configurability, and the clear commitment to impactful customer service – all aspects in which Chrome River was the clear winner. While Chrome River is not as large as some of the other vendors we considered, we found that to be a benefit and our due diligence showed that it could support us as well as any large players in the space, along with a personalized level of customer care.
We are excited to be able to enforce much more stringent compliance to our expense guidelines and significantly enhance our expense reporting and analytics. By automating these processes, we will be able to free up AP time formerly spent on manual administrative tasks, and enhance the role by being much more strategic.