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


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.

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


Finance 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.

2020 60

Getting Financial and Clinical Professionals Working Together On Healthcare Projects


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.

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 198

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 249

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 185

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 273

How to Monitor Daily Progress as a Project Manager

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.

Dynamic Planning: Refocus, Reprioritize, and Reallocate Rapidly


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). The Power of Collaborating More Closely with Finance is Agility.

2020 95

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 248

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

“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

How to Successfully Execute a Plan

You might have to get approval to increase the budget, get more finances or partner with someone. In some cases, we may need to finance new cost, we may need to set up a payment plan, or we also may consider partnering with another strategic partner and set up maybe a revenue share that can offload some of the cost, but be able to share some of the revenue. Planning is the backbone that holds up any project.

How to Deliver Effective Project Cost Management | Video

Online PM Courses

But whatever your attitude to it, there's nothing your finance director will care about more. Project Cost Management can seem both dull and difficult. The post How to Deliver Effective Project Cost Management | Video appeared first on OnlinePMCourses.

Impacts of traditional project funding models on agile delivery

Kiron Bondale

A key enterprise partner is the Finance department and the organization’s model for project funding will have significant influence over successful agile delivery.

2018 199

Strategic Planning in Business

What are the changes to structure, financing, etc., Decide on the best way to implement those changes, the timeframe with deadlines and how to finance it all. Businesses thrive on certainty, and yet, the future is never certain. That’s why smart businesses plan for the future as best they can through strategic planning. You can’t know what will happen, but you can know what you want and where you want to be when it happens.

4 Unusual Reasons Why Stakeholder Management Is Important

Girl's Guide to PM

Get an enthusiastic stakeholder from Finance to talk you through it. Why is stakeholder management important to project success? Because we need people to get the project work done. However, stakeholder management is a very narrow way of looking at how we work with people on projects to achieve a common goal. A better question would be, “Why is stakeholder engagement important?” ” Let’s park that for the moment.

2020 228

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 179

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.

How to Fund a Software Development Project

Next, decide how the team will go about accessing the funds being provided to them (this is usually chosen by your organization’s finance group). Requires stakeholders to actively monitor and govern the team’s finances. ·In A critical success factor for a software development project is how it is funded. This will drive many aspects of the team’s behavior throughout the project.

2019 247

The Online Entrepreneur’s Guide to Payment Processors

You might also be interested in specific services, such as credit financing, reward programs, coupon codes, and other concepts you may introduce to your customers down the line.

2018 232

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.

Why Productivity in Project Businesses is Flatlining?

The Lazy Project Manager

and became Microsoft’s ERP offering, now called Dynamics 365 Finance & Operations. The following article is the part two in a series of four on ‘Project Business’ and is authored by Daniel Bévort – part one certainly seemed to draw some interest and some comment so please, like, share and comment on this one as well. Project Business is a significant portion of all companies.

2020 173

Free project management certifications

Moira Alexander

Project Risk Assessment - a self-paced course on how to conduct risk analysis of different projects using both conceptual and practical developments in modern finance. Business Management - covers how to master the essentials of managing a successful business including accounting, finance, marketing, operations, people management, and strategy.

What To Do When Your Team Doesn’t Believe The Project Schedule

Girl's Guide to PM

You’ve just got one day for budget approval,” said Claire from Finance. This is an extract from Project Pain Reliever. I contributed this chapter (and another one) to the book. This one is about ensuring everyone buys into the project schedule. The One-Man Plan: A Story. Hans had spent a lot of time working on his project schedule. He knew what needed to be done and how long everything would take. Requirements gathering, that would take a couple of days, right?

2020 217



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.

Improving portfolio management must be part of an agile transformation

Kiron Bondale

Rather than having business executives, finance analysts and PMO staff spending weeks coming up with the perfect roster of projects for the next year only to realize a month or two into the year that their plans have been disrupted by domino effect delays, new priorities or resource shortfalls, portfolio planning needs to be an ongoing activity. When we think of an agile transformation, improving portfolio management might not be high on the organization’s list of priorities.

2017 138

Successfully Deliver Strategy… Fast


While this is controlled by finance, you can have influence by leveraging continuous planning to improve the measurement of how funding was spent and the value obtained from it throughout the annual cycle. Finance is about financial control.

Six Sigma: A Simple Guide for Project Managers

Since then, Lean Six Sigma has been used in a variety of economic sectors, such as healthcare, finance and supply chain. It’s been around for three decades, but Six Sigma can still be somewhat of an enigma.

2018 427

HMRC to Clamp Down on Freelance “Non-Repayable Loans!”

Arras People

Under the Finance (No.

2018 224

Program Manager Job Description – Plus! Cut & Paste Example

Finances: It is essential that a program manager has the ability to manage finances and administer budgets over many projects. If you’re looking for a program manager, then that means you’re looking for someone to manage a project portfolio. A program manager is just that, a person who is responsible for managing several projects at once, and they might even have to manage many programs.

2018 219

Make your Billing Cycle Easier with our Enhanced Financial Module


You now have the ability to be more granular with your project finances and apply expenses directly to the activity that’s generating the costs. In an effort to better support our clients, we have enhanced our functionality and reporting capabilities in our Financial Module.

2020 52

81 New Report Columns for New Information in Resource Management

Hub Planner

Plan and forecast budgets better with new finance columns. Finance and rate columns which allow us to view multiple rate categories within the same report. New Finance Columns. Reading Time: 2 minutes 81 New Data Columns Added to Hub Planner Reporting. See key information from real time analytics for efficient resource management and project planning. With the addition of the new columns to reports.

How to Scale Your Business

Finance: When and if you get investment, you’ll need to look at those deal structures and payment requirements. And then number six, finance. How do you know when your business is ready to scale up?

2018 260

Parabol: Improve your retrospectives

Girl's Guide to PM

The benefits of Parabol are: Can be used on premise (Parabol has military, finance and healthcare customers who are unable to use cloud tools) Parabol offers 5 retro templates—including my favorite, Start, Stop, Continue—and you can add your own templates, even in languages other than English. Are you looking for a tool to run retrospective meetings? In this Parabol review, I’ll share the pros and cons of the popular tool – it could be the right product for your agile team. Summary.

2020 214