Technology: Page 31

  • Robotic process automation as an innovation improving productivity, reliability and repeatability in systems
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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
  • 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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    Crunching the Words

    When auditors seek evidence of fraud, they take a careful look at a company’s financial statements. Maybe they should examine other statements, such as those uttered by company executives.That’s the theory behind new fraud-detection software developed by two professors at Virginia Tech, who say t...

    By Avital Louria Hahn • April 1, 2008
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    Trendline

    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
  • 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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    Firewall of Silence

    When Société Générale revealed in January that it had lost more than $7 billion due to fraudulent trading activity, most of the headlines focused on “rogue trader” Jerome Kerviel, framing him either as a criminal or a reckless striver. His “perp walk” was eagerly anticipated by a horde of cameram...

    By Scott Leibs • April 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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    A Small-Company CFO’s Take on XBRL

    Gregory Hanson, CFO of Adventrx Pharmaceuticals, is intrigued by the benefits that regulators claim interactive-data technology could provide to companies and investors. He’s already gone to the trouble of getting estimates for how much service providers would charge his $50-million market-cap co...

    By Sarah Johnson • March 17, 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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    Spreading Its Wings

    Tim Coakley, CFO of Agfa’s North American health-care business, is in no hurry to use an offshore outsourcer. A few years ago, executives at his parent company — a Belgian imaging-technology specialist — had considered offshoring some processes, but decided to focus on operational performance imp...

    By Kate O'Sullivan • March 3, 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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    Who’s Where, When (and How Much)?

    Having cut costs substantially through the use of online travel services, in 2004 Xerox began to explore the idea of doing the same for its many meetings and events. The company was ahead of its time, because as recently as last year analysts were still pointing to employee and client meetings an...

    By Scott Leibs • March 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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    Web 2.0, Confusion 1.5

    When a photograph of a flaming laptop computer circulated on the Internet in the summer of 2006, Dell Computer quickly got a two-part lesson in the power of Web 2.0.The lesson had little to do with the risks of an extended supply chain (the fire was the result of a faulty battery made by a third ...

    By Scott Leibs • March 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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    New SEC Tool Helps Investors Analyze Financials

    On Friday the Securities and Exchange Commission unveiled a tool on its Website designed to help investors quickly and easily analyze the financial results of public companies that reported information using eXtensible business reporting language, or XBRL.Dubbed “Financial Explorer,” it takes inf...

    By Alan Rappeport • Feb. 15, 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 Told to Mandate XBRL

    A Securities and Exchange Commission advisory committee is paving the way for the regulator to require companies to turn their traditional financial statements into more easily searchable, comparable, and interactive documents.If the SEC takes the committee’s advice, all U.S. publicly traded comp...

    By Sarah Johnson • Feb. 11, 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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    The Revenue-Recognition Rules Paradox

    CFOs at technology companies have a love-hate attitude toward revenue-recognition rules, which play a part in determining how financially healthy their companies appear. While they believe the rules for recording revenue under U.S. generally accepted accounting principles are superior to interna...

    By Sarah Johnson • Feb. 5, 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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    Radical Cells

    Contrary to what your kids may believe, the personal computer was not created solely to provide access to YouTube, Facebook, and iTunes. In the early days, in fact, no one was quite sure what burning need the PC might satisfy, and even IBM found it difficult to get customers excited about the com...

    By John Goff • Feb. 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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    Internet Outages Hit Outsourcing in India

    Massive Internet outages caused havoc to India’s flourishing outsourcing industry on Wednesday, according to the Associated Press, which reported that the Internet Service Providers’ Association of India said the country had lost half its bandwidth.The outages, which caused a slowdown in traffic ...

    By Stephen Taub • Jan. 31, 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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    Where in the World Is Your Offshore Finance Team?

    While India remains an offshore outsourcing juggernaut, the country’s vendors are beginning to send their own operations to other countries. Indeed, Indian vendors have already moved far beyond their own borders, setting up offices from Ohio to Egypt.That’s a wise move, because competition grows ...

    By Kate O'Sullivan • Jan. 31, 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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    Top Five Trends in Offshoring

    In finance and accounting — and beyond — offshoring is following in the footsteps of the increasing globalization of company functions. But as the practice of shifting internal work to third-party providers in differing locales expands into new functions and new regions, the need for ongoing mana...

    By Kate O'Sullivan • Jan. 30, 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 May Propose Mandatory XBRL Use

    Extensible Business Reporting Language, the computer language for financial-statement filing better known as XBRL, could soon be coming to a regulatory filing near you. The Securities and Exchange Commission may propose the mandatory use of XBRL in the spring and vote on it this fall, SEC corpora...

    By Stephen Taub • Jan. 23, 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 Chooses Not to Pursue ChoicePoint

    The Securities and Exchange Commission has completed an investigation of ChoicePoint Inc. without recommending any enforcement action.The SEC was looking into possible identity theft and trading in ChoicePoint stock by its CEO and COO, according to ChoicePoint, which provides identification and ...

    By Stephen Taub • Jan. 23, 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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    The Key to Meeting-Cost Savings

    Having cut travel costs drastically through the use of online travel services, in 2004 Xerox began to explore the idea of doing the same for its hundreds of annual meetings and events. In doing so the company joined a trend that had been gathering strength since the late 1990s, though there are m...

    By Scott Leibs • Jan. 16, 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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    Will XBRL Spell Higher Audit Fees?

    The Securities and Exchange Commission has touted XBRL as a saving-grace technology that will meet investors’ demands for more comparable financial statements across companies. But how much the implementation of data-tagging software will cost companies in the long run is still up for debate, eve...

    By Sarah Johnson • Jan. 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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    XBRL Skeptics Abound

    Despite a relentless push by the Securities and Exchange Commission to promote its “interactive data” agenda, skepticism of XBRL won’t die. Critics have called the introduction of extensible business-reporting language, or XBRL, a boon for consultancies and regulators but a pain for practitioners...

    By Alan Rappeport • Jan. 4, 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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    A Meter for Meetings

    If time is money, then wasted time is wasted money, and the wasted time of many people is a pile of money indeed.At least that’s the theory behind Meeting Miser, a free Web software tool from PayScale Inc. that gauges the cost of meetings in real-time based on the salaries of everyone attending. ...

    By • Jan. 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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    IFO Sightings

    Which companies outperform their peers and manage risk better? When IBM surveyed more than 1,200 CFOs in 79 countries, it found that the companies that fared best on those two criteria had something in common: a high level of integration.That held true across a range of functions, from IT to proc...

    By Scott Leibs • Jan. 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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    The Emergence of Convergence

    Three years ago, when managers at SunTrust Banks Inc. began searching for software that might help them cope with new regulatory requirements, they kept their demands to a minimum. Although the financial-services company had just endured a tough first year of Sarbanes-Oxley compliance, no one exp...

    By John Goff • Jan. 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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    Gaming the System

    MiG-29 is on fire: three consecutive wins for nearly 1,700 points have moved the Russian into fourth place, and he’s gaining on two Americans, duner and aubergineanode, who don’t seem to have much fight left in them. But MiG-29 remains nearly 300 points shy of the top spot, held by nhzp339, the f...

    By Scott Leibs • Jan. 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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    Best of 2007: Technology

    In the spotlight early this year were some continued themes from 2006, including the Public Company Accounting Oversight Board’s new Auditing Standard No. 5, which clarified that audits should dwell only on areas ripe for missteps in reporting.As 2007 wore on, the Securities and Exchange Commissi...

    By CFO Editorial Staff • Dec. 21, 2007
  • 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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    The Gloves Are Off

    A few years ago, when the treasury team at Deutsche Post World Net (DPWN), a €60.5 billion Bonn-based post and logistics firm, decided to start using their ERP system for in-house banking and payments, not many other treasurers would have wanted to follow in their footsteps. While SAP, Oracle and...

    By Peter Williams and Graham Buck • Dec. 10, 2007