Modern-finance-v08

FINANCE
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Chapter 1: Why Modern Finance is Key to Your Business Success
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Your Complete Guide to Modern Finance
Enter IFRS 15.
Add in complex global issues with changing 
international norms—like 
IFRS 15
—and the next result
is a collection of variables that impact every aspect of
your company, especially if you are selling and working
across borders.
From Finance Challenges to Opportunities.
Since finance is a 
part of every organization—regardless of size, location and 
industry—this challenge of keeping up with systemic change 
becomes an opportunity to boldly leverage disruption rather 
than hunkering down in fear. Businesses that accept this 
challenge embrace new and leading technologies, standardize 
on best practices and invest in the next generation of financial 
software and their employees.
Regardless of your finance systems challenge—infrastructure, 
processes or resources—there is a clear path to modern
finance that is well defined and ready to support your 
company’s success.
Learn from Dave Hagan, CEO, Boingo Wireless
Learn from Dave Tyrrell, Finance Manager,
RiverStone Management Ltd
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Chapter 1:
Why Modern Finance is Key
to Your Business Success
The rate and pace of change involving factors such as innovation 
(particularly in technology), regulations, and competition (especially 
those with new and disruptive business models) exceeded the IT 
infrastructure, business processes and resources related to a 
company’s ability to respond. The gap was small at first, but over the 
last decade it dramatically increased. It is now the new normal.
This gap creates its own fundamental problem: it drives company 
leaders to rely on “gut feel” and instinct to make business decisions 
rather than using rapid, real-time access to accurate data. It is a 
terrible outcome as this practice delays decision making and 
introduces errors. The net result erodes operational and management 
confidence as delays and errors compound negative choices, 
negatively impact sales, and hurt employee morale.