Technology: Page 30

  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    The Slow Death of Financial Forms

    The Securities and Exchange Commission has introduced a new system that supports data-tagged financial statements, which large companies will likely have to start filing later this year. The changes will break the SEC from its “form-based approach” for collecting information from companies, accor...

    By Sarah Johnson • Aug. 19, 2008
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    Offshoring Is Still Going Strong

    Offshoring may be getting less air-time as a political wedge issue this year, but by no means has the practice fallen from favor. A new study, in fact, sees companies increasing their use of offshore resources by 50 percent in the next three years, while cutting costs by up to half through the us...

    By Alan Rappeport • Aug. 14, 2008
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    The CFO Strategy for Artificial Intelligence

    Artificial intelligence’s impact on the office of the CFO continues to evolve, and finance chiefs must be aware of the opportunities it will create for growth. 

    By CFO.com staff
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    CFOs Anticipate a Filing Crunch

    Finance executives are dragging their wing-tips as the Securities and Exchange Commission races to mandate the use of data-tagging in financial statements within the next year. In their comment letters for a proposal that would require companies to use so-called interactive data technology, the e...

    By Sarah Johnson • Aug. 5, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    Deloitte Poll Sees Litigation Data Panic

    Corporate executives feel that the volume of litigation-related data in their organizations is beginning to reach unmanageable levels, according to a recent online poll conducted by Deloitte Financial Advisory Services LLP.The survey showed that nearly 40 percent of respondents believed that the ...

    By Stephen Taub • Aug. 4, 2008
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    BPO Company: We’re A-OK on Pay

    TeleTech Holdings, a prominent business-process-outsourcing company, reported that the Securities and Exchange Commission will not take any action against it after reviewing the company’s accounting for stock-based compensation.Teletech, which recently became current in its regulatory filings aft...

    By Stephen Taub • July 23, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    CEOs Taking the Tech Reins from CFOs

    More chief information officers are reporting to their firms’ chief executives and less to their CFOs, according to a new report by Forrester Research. In the just-released study of 2007, which polled 503 CIOs, 18 percent said they reported to the CFO. That was down from 25 percent in Forrester...

    By Alan Rappeport • July 21, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    Spreadsheets: Formula for Success

    “It’s a strange feeling speaking about spreadsheet design to a group that actually might find it interesting.” That’s how Dick Moffat, president of Canadian software house Personal Logic Associates, opened his presentation to the annual gathering of the European Spreadsheet Risks Interest Group (...

    By Jason Karaian • July 18, 2008
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    The Other Green

    For all the undeniable benefits of the information-technology revolution, it comes at a cost, or costs. The first is energy: U.S. data centers consumed 61 billion kilowatt hours in 2006, ten times the amount consumed by all residences and businesses in San Francisco. That in turn exacts an enviro...

    By Yasmin Ghahremani • July 15, 2008
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    Behind the Curve

    Somebody has to say it — thewebsites of Asia’s major companiesare creaky, cluttered,and confusing. Assessing the corporateportals of 75 of the world’s largestcompanies by market capitalization,London consultancy Bowen Craggsgave China Mobile a grade of just 94out of a maximum of 280 points, makin...

    By Cesar Bacani • July 10, 2008
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    Spinning a New Web

    Sensing that the “software-as-a-service” pitch is losing its zing, customerrelationship management (CRM) vendors havediscovered a new angle: Web 2.0.The major CRM vendors, including Oracle,SAP, Salesforce.com, and Microsoft, are addingon a host of features designed to allow sales andmarketing peo...

    By Cesar Bacani • July 9, 2008
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    Vermont Wants to Be the “Delaware of the Net”

    Known for its Green Mountains, maple syrup, and, of course, moonlight, Vermont might not seem the most likely state to welcome companies with edgy technology. And yet it is virtually in the lead.A bill signed into law earlier this month positions it as a leader in incorporating so-called virtual ...

    By Alan Rappeport • June 30, 2008
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    Sloppy Spreadsheets: Readers Speak Out

    The recent detailing of “Spreadsheet Worst Practices” on CFO.com clearly tapped deep-seated emotions among our readers, who shared their reactions in dozens of comments and E-mail messages and offered their own pet peeves from the world of finance.Today we present a “best of the worst” selection ...

    By CFO Editorial Staff • June 18, 2008
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    Around the World in Data Tag

    Representatives of securities regulators from around the world gathered Tuesday with Christopher Cox, chairman of the Securities and Exchange Commission, to compare notes on the progress of interactive data-tagging in their countries.Most were effusive in their praise of the new technology, also ...

    By Alan Rappeport • June 10, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    Tech Takes Off

    If CFOs feel finance is unappreciated by the rest of the company, spare a thought for CIOs. As companies invest more in technology — research firm IDC predicts global IT spend to total $1.4 trillion (€87 billion) in 2008 — the nagging doubts harboured by their colleagues about whether IT creates ...

    By Tim Burke • June 2, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    How Green Is Your IT?

    For Andrew Griffith, CFO of British Sky Broadcasting, the £4.5 billion (€5.7 billion) FTSE 100 media company 39% owned by Rupert Murdoch’s News Corporation, giving the green light to a new data centre wasn’t as straightforward at it once was. Although the need for additional data storage capacity...

    By Eila Rana • June 2, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    Waste Management Hauls SAP to Court

    Let the trash talk begin. In March, Waste Management Inc. filed a lawsuit against SAP, accusing the enterprise-resource-planning-software powerhouse of fraud. The suit claims that SAP deliberately misrepresented a revenue-management application, positioning it as a mature, out-of-the-box solution...

    By Karen M. Kroll • June 1, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    Less Bleeding, More Edge

    Most analysts expect information-technology spending to increase about 2 percent this year, and in April research firm IDC found evidence that spending may actually decline slightly. Either way, IT still represents a huge corporate expense, accounting for about half of all capital spending and ex...

    By Bob Violino • June 1, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    Why Do They Buy?

    “I know half the money I spend on advertising is wasted,” department-store magnate John Wanamaker famously said. “I just don’t know which half.” That old saw holds true; measuring the ROI of advertising remains extremely difficult, which may be why, in a slowing economy, ad budgets are among the ...

    By Yasmin Ghahremani • June 1, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    But for You I’ll Charge an Additional 10 Percent

    In 2003, senior management at Emerson, a diversified manufacturing and technology company, realized there was a short circuit in its operations. Prices for the company’s broad line of electrical products were declining year after year, and while savvy materials management helped to compensate, th...

    By Yasmin Ghahremani • June 1, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    NicoElNino. Retrieved from Shutterstock.
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    Spreadsheet “Worst Practices”

    There’s little doubt that electronic spreadsheets are the most widely-used financial software application. But they are also the most-abused.It takes some effort — often a lot of effort — to develop and maintain sound, proper, and effective spreadsheet practices. The spreadsheet’s very ease of us...

    By Richard Block and Shahid Ansari • May 14, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    NicoElNino. Retrieved from Shutterstock.
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    SEC Maps Interactive Data-filing Mandate

    The Securities and Exchange Commission voted unanimously Wednesday to propose a rule requiring companies — by as early as next year — to file financial statements in an “interactive data” format.The proposed schedule is a landmark moment for interactive data-tagging, using the system known as XB...

    By Alan Rappeport • May 14, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    NicoElNino. Retrieved from Shutterstock.
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    It’s Alive: Data-tagging Plan Expected Wednesday

    Securities and Exchange Commission Chairman Christopher Cox is expected Wednesday to announce a long-awaited plan to mandate companies to file their financial statements in an interactive data-tagging format.Also known as XBRL, for extensible business reporting language, the data-tagging technolo...

    By Alan Rappeport • May 13, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    General Ledger vs. Major Opportunity

    When the Apple iPhone became the must-have gadget among affluent technophiles last year, AT&T braced for the onslaught. As the exclusive U.S. carrier, it knew demand would be high, and it was: 4 million units sold in the first 200 days.But AT&T knew more than that. Eighteen hours after th...

    By Scott Leibs • May 1, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    NicoElNino. Retrieved from Shutterstock.
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    Effort of Duplication

    Making copies isn’t brain surgery, but at Florida’s Health First chain of hospitals it had become what chief information officer Richard Rogers describes as a “convoluted mess.” Nursing stations were overrun by copiers, fax machines, and printers, taking up precious counter space and impeding day...

    By Yasmin Ghahremani • May 1, 2008
  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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    NicoElNino. Retrieved from Shutterstock.
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    FEI on Data Tagging: No Benefit to CFOs

    For the past few years, XBRL advocates — including Securities and Exchange Commission chairman Christopher Cox, service providers, and some early adopters — have claimed that both companies and investors will reap advantages from data-tagged financial statements. What they have not been saying is...

    By Sarah Johnson • April 11, 2008