Digital Transformation Journey in Finance

Epicflow Blog

Why Is Digital Transformation a Must for Finance Field? Artificial intelligence is becoming a trend in Finance’s digital transformation journey. AI has especially great potential in the following finance fields: anti-money laundering, fraud detection, personalised financial planning, and process automation [2]. And these figures are growing day by day, making Blockchain a perspective area of Finance. . Artificial Intelligence in Finance.

Digital Transformation Journey in Finance

Epicflow Blog

Why Is Digital Transformation a Must for Finance Field? Artificial intelligence is becoming a trend in Finance’s digital transformation journey. AI has especially great potential in the following finance fields: anti-money laundering, fraud detection, personalised financial planning, and process automation [2]. And these figures are growing day by day, making Blockchain a perspective area of Finance. . Artificial Intelligence in Finance.

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Estimating Business Finances With A Budget Proposal Template

Techno-PM

Budget Proposal Template The most effective way for you to estimate your business finances is to create a successful budget proposal template. For example, if you view budgeting your finances as a burden which you would rather not deal with, the chances are you could be setting yourself up to fail from the outset. It helps ease manage finances and helps keep a track of expenses.

Sitetracker raises $42M in Series C Financing

Sitetracker

The post Sitetracker raises $42M in Series C Financing appeared first on Sitetracker. Sitetracker is the global leader in deployment, operations, maintenance, and asset management software for critical infrastructure and technology providers Led by H.I.G.

Operations, Finance, and Accounting for the Development of Software

Herding Cats

A Scrum of people works very well when doing Scrum , but operations, finance, and accounting are not the same as writing software for money. A Scrum of cost accountants, planner, finance, and operations people is called Chaos. It's common to hear, projects are overhead, we just need to get the value to the customer as fast as possible. This seems to be a lament from agile developers. Anything getting in the way of them coding is seen as an impediment. . Here's a little story.

Thoughts on Suggestions That Violate Principles of Finance, Probability, and Statistics

Herding Cats

The conjecture that we can manage in the presence of uncertanty without estimating the impacts of our decisions, willfully ignores uncertainties in the present and future that will impact our outcomes, the external governance frameworks of managerial finance, probability and statistics of the processes under management, and regular governance processes and the decision rights of those governance frameworks.

A Beginner's Guide to Variance Reports

GoSkills

Finance Lean Six Sigma Project ManagementWant to learn the in's and out's of one of the most common accounting reports? Then check out our guide to variance reports.

2019 89

Getting Financial and Clinical Professionals Working Together On Healthcare Projects

Celoxis

best practices Blog collaboration Leadership Project Management work culture celoxis clinical professionals collboration finance finance professionals healthcare patient welfare project managementHealthcare continues to evolve worldwide under the pressure of lowering costs while maintaining or, even, increasing quality. The relationship between the two is like a “tug of war” between cost and benefit, which every healthcare establishment must face on a daily basis.

Feeling the pressure

Musings on Project Management

There are deadlines, penalties, [finances], and [executive changes]. " [The concern my some is] that with all good intentions, some project managers might start cutting corners. It's easily done. Don't be fooled by the trappings. This sort of success comes with a lot of pressure. PMs] are stuck in the middle. Priorities can become murky. It would be natural for some to feel the pressure and Quality risk decision Risk Management

2020 163

Project Cost Management: What You Need to Know and Do

Online PM Courses

But there's little your sponsor, client, or Finance Director care about more than your budget and how you control it. Project Cost Management is hard. The post Project Cost Management: What You Need to Know and Do appeared first on OnlinePMCourses.

Lessons in How to Drive Large Scale Digital Transformations

Clarizen

Cisco Capital resides within the larger finance function within Cisco, Inc. Their primary function is to provide financing for Cisco customers and partners, and they do that by providing traditional financing solutions and extended payment terms in over 100 countries.

2020 106

IR35 in the private sector – Update

Arras People

Whilst many contractors celebrated the decision postpone the implementation of IR35 Off-Payroll Working changes earlier in the year; the legislation is slowly creeping through the Houses of Parliament as part of the Finance Bill, ready for implementation in April 2021.

2020 203

Do your compensation systems discourage team work?

Kiron Bondale

Whether it is procurement, finance or human resources, all supporting areas will need to align with delivery teams’ new ways of working.

2021 195

Think top-down and bottom-up for agile transformations

Kiron Bondale

This is critical with agile transformations for a number of reasons: Delivery teams don’t work in isolation and hence buy-in to change how things are done will be needed from all supporting areas including human resources, finance and procurement.

2020 206

Expert Advice on How to Start a Successful Business Transformation

Clarizen

Cisco Capital resides within the larger finance function within Cisco, Inc. Their primary function is to provide financing for Cisco customers and partners, and they do that by providing traditional financing solutions and extended payment terms in over 100 countries.

2020 104

Economic viability

Musings on Project Management

You just got that dreaded call: your finance officer wants to talk to you about your projectUgh!The The subject is "economic value add" aka EVA. You're thinking: Didn't that come and go as the flavor of the month a decade ago?Perhaps, Perhaps, but it's still relevant for for-profit projectsSo, here's what you need to know:It costs money to raise the capital funds to pay for your project.If not for your. Project Management Project Value

2021 163

“Keep in Touch”

Project Management Essentials

He is an inspirational finance executive and counted on me to implement his vision. I called an old colleague just to say “hello” and see how he was doing. We have worked together at different companies over the past dozen years.

2021 52

From Laying the Foundation to Completion: The Basics and Challenges of Project Management in Construction

Inloox

As a result, a large proportion of privately financed projects went bankrupt after the study. Especially in the case of government-financed large-scale projects, the pressure from outside is enormous.

2021 152

Budget 2020: What Does it Mean for the PM Domain?

Arras People

Their statement read: “The Government believes it is right to address the fundamental unfairness of the non-compliance with the existing rules, and the reform will therefore be legislated in Finance Bill 2020 and implemented on April 6, 2020, as previously announced.”. I’m sure like me, many of you were keeping an eye out for Chancellor Rishi Sunak’s first Budget presented last week, keen to learn what implications it would have for the PM domain going forward as well as coronavirus.

2020 188

Holiday PPM Checklist

Keyedin

Finance: While finance might only be concerned with minimal areas of your projects, it is important to include them in an evaluation to ensure you are able to capture and deliver information finance might need. Ensure your finance team gets the data they need for project details.

2020 78

12 Ways to Create A Positive Work Culture

Girl's Guide to PM

About the author : Anna Erdmanska, PMP, is a project management enthusiast, leading projects in multinational corporations for the finance industry. Anna is a Professional Scrum Master, PRINCE2 Practitioner and she is currently working on a PhD in Finance Management.

2020 317

Why Identifying as a Project Business is Critical For Success

The Lazy Project Manager

and became Microsoft’s ERP offering, now called Dynamics 365 Finance & Operations. The following article is the first of four in a series on ‘Project Business’ and is authored by Daniel Bévort.

2020 219

How to Monitor Daily Progress as a Project Manager

ProjectManager.com

People love to monitor everything, from their weight to their finances, so it’s only natural that managers want to monitor daily progress on their projects. Everyone is always monitoring everything, from their weight to their finances. We monitor our finances. Jennifer Bridges, PMP, shows you how. Here’s a screenshot of the whiteboard for your reference. In Review – How to Monitor Daily Progress as a Project Manager.

Alternative Project Management Job Titles

Project Bliss

This could include technology, events, branding, engineering, marketing, or even finance. . Photo by Nick Morrison on Unsplash. This list of project management job titles can help if you need to find other names for the role.

2020 156

10 Tips for Project Budgeting

Appfluence

And much less if they decided to access a small business financing. Seek the support of small business financing. In case you feel limited in economic matters, access to small business financing to hire specialized personnel.

Dynamic Planning: Refocus, Reprioritize, and Reallocate Rapidly

Planview

Nearly 70 percent of finance leaders are taking cost containment measures and considering postponing or canceling planned investments, according to PwC’s COVID-19 CFO Pulse Surveys (March 30, 2020 and April 13, 2020). EPMOs and Finance, together, can ensure the leadership team is making the best decisions now and for the future. Finance, collaborating with EPMOs, can create more flexible funding models in response to change.

“Organize Around Products/Services” is a great addition to the Disciplined Agile principles

Kiron Bondale

Such transformations require change to happen in not only the delivery teams within an enterprise, but also supporting functions such as finance, human resources, operations and procurement. The Disciplined Agile (DA) principles were recently refactored and as part of this refactoring, a principle was added: “Organize Around Products/Services” While it is just one of the eight principles, this new one aligns very well with lean thinking.

2020 167

Three C's of PM

Musings on Project Management

Usually, I say the 'three C's' of PM are: Communicate Communicate Communicate Which, in actionable terms are: Tell them what you're going to tell them Tell them Tell them what you told them But, as I view the PMO through the lens of a small business, I'm wondering if the daily thought of a PM doesn't go to: Capital (meaning project financing) Community (largely virtual these days) Project Management

2020 174

Best Planner Apps for Mac in 2021

ProjectManager.com

The software is flexible enough to work in a variety of industries including construction, engineering, software development, marketing and sales, banking and finance and much more. No matter what kind of project you want to tackle, you must have a plan first.

2021 275

Five Professions That Make Great Project Co-ordinators

Arras People

Finance. With a good foundation in finance – the other aspects of project co-ordination – like planning, documentation management, reporting and so on will come with basic training and on-the-job experience. I recently held a project management careers clinic with someone who was wanting to get into a project management role.

2017 183

Agility AND Governance? Good Portfolio Management Makes It Possible

Keyedin

Bringing together all of the projects and workflows across your portfolio is essential to driving agility, but it’s unrealistic to expect every organization – from software development to IT to finance – to execute in a single system.

2021 85

20 Best Marketing Project Management Tools of 2021

nTask

The software is a feature-rich project management system with the additional ability to manage finances, billing, productivity, sales, and leads. Zoho provides a range of tools for different teams including HR, finance, sales, and more.

2021 146

Making Better Business Decisions with Continuous Planning

Arras People

First, you need to open up a dialogue between the business functions – including finance, the PMO, and other lines-of-business. Adapt to change: When operations and finance have access to the same information, they can be flexible when it comes to change, not sidelined. Ultimately, the PMO can create and nurture a partnership with finance and the business to drive prioritization and effective portfolio management.

2017 161

It is harder to sell when times get tough!

Kiron Bondale

I’ve even run across some project finance analysts who are well trained in the correct treatment of sunk costs to be guilty of this sin. While there are many cases where we might have to use our powers of influence and persuasion to sell stakeholders on supporting what we feel is the right thing, I thought I’d share three specific examples which might be a much harder sell than usual.

2020 139

7 Steps to Building a Collaborative Plan

Susanne Madsen

One work stream may be related to communication, another to finance, a third to technology etc. Whenever I train, coach or consult in project management, it always surprises me how few people plan in a truly collaborative manner.

2021 78

Overcoming bias in project management

Girl's Guide to PM

About the author: Roland Hoffmann, who founded Hoffmann Conseho in 2007, has spent 20 years leading projects in technology, construction, marketing, operations and finance. This is a guest post by Roland Hoffmann. Are you biased as a project manager? You might be surprised! In this article we’ll talk about the different types of bias in project management. Roland Hoffman. A project manager is the linchpin of a successful project.

2020 259

How to Make a Timeline in 5 Steps (Timeline Makers Included)

ProjectManager.com

All your tasks must be completed within the period you allot, and the budget you agree on will finance the effort. Timelines are the backbone of any project. They’re an incredibly useful visual tool that lays out your tasks in chronological order.

2020 268

Get the ‘Right’ Project Controls & Enterprise Programme Management You Want

Arras People

Finance management. Project management consultancy Dada Enterprises has released a copy of the webinar it presented on designing the ‘right’ Project Controls Solutions for an organisation. Although the benefits of an effective Cost Management system are well known too often most companies rely on a hotchpotch of legacy systems with manual re-entry of data in different systems with excel being relied upon to cut-and-paste integrated reports together.

BEST TASK PLANNING SOFTWARE

TimeCamp

Others believe it to be finances. There are certain measures to be taken if a business is to be thriving and the risk of its failure mitigated. Some people consider the idea in the core of a project to be a key question which needs to be kept in one’s mind. All of them are […]. Project Management azendoo best task planning software drinkle spiraplan task planning task planning software time tracking TimeCamp timecamp task planning trello

Quote of the Day

Herding Cats

Finance is a pure information processing game. Managerial Finance and Microeconomics of decision making in the presence of uncertainty is the foundation of project management processes. A lot of people in the business are doing things that should be done by computers - David Shaw. These two core processes require making estimates of the cost, schedule, risk, technical performance of the products and services, and the value produced by these outcomes in the presence of uncertainty.