by Greenlight Technologies | Aug 29, 2018 | Access Violation Management, Enterprise Solutions, Finance Performance and Risk Analytics, Risk Management
by Craig Abramson, Greenlight Technologies According to the Association of Certified Fraud Examiners’ Report to the Nations on Occupation Fraud and Abuse, “the most prominent organizational weakness that contributed to the frauds in our study was a lack of internal...
by Greenlight Technologies | Jun 4, 2018 | Finance Performance and Risk Analytics
By Terence Leung For organizations with a high volume of procure-to-pay transactions in multiple geographic locations and a complex network of suppliers, some are running out of ideas for improving Days Payable Outstanding (DPO) and other efficiencies. They have seek...
by Greenlight Technologies | May 4, 2018 | Finance Performance and Risk Analytics
By Terence Leung Many organizations are not able to induce their customers to pay on time. Their Days Sales Outstanding (DSO) is suffering and actually increasing, as revenue grows. A popular action is to give discounts to late paying customers or worse, to undergo...
by Greenlight Technologies | Mar 30, 2018 | Finance Performance and Risk Analytics
By Terence Leung A recent McKinsey article speaks of the everyday challenge of controlling working capital: “A thousand everyday decisions can dramatically increase the cash needed to run a large business”. It seems that even though working capital is a...
by Greenlight Technologies | Mar 14, 2018 | Finance Performance and Risk Analytics
by Terence Leung In a growing economy, competition and the emergence of digital business models are compelling companies to improve both their physical and financial supply chain (for a definition of financial supply chain, please refer to this article). However, they...
by Greenlight Technologies | Feb 20, 2018 | Finance Performance and Risk Analytics
by Terence Leung The Harvard Business Review article “Big Companies Are Embracing Analytics” published in February, 2018, highlighted the results of an annual survey of Big Data and Artificial Intelligent (AI): A majority (76%) of the respondents has already received...
by Greenlight Technologies | Feb 12, 2018 | Finance Performance and Risk Analytics
FEI Daily | 02/9/2018 by Terence Leung, AVP Solutions, Greenlight Technologies Devising and maintaining a successful working capital plan could make or break 2018. Working capital — essentially a measurement of corporate operating liquidity — has always...
by Greenlight Technologies | Oct 31, 2017 | Finance Performance and Risk Analytics
by Mark Kissman, CFO, Greenlight Technologies With access to information across the enterprise, finance can be the hero by bringing in-depth analysis and timely insights to give the organization a unique perspective on how to make sustained improvements. Managing cash...
by Greenlight Technologies | Oct 4, 2017 | Finance Performance and Risk Analytics, Uncategorized
by Mark Kissman, CFO, Greenlight Technologies Cash from operations is the lifeblood of organizations and many companies continue to make improvements to managing their overall working capital. But when examined closely, large companies’ working capital performance is...
by Greenlight Technologies | Jul 25, 2017 | Finance Performance and Risk Analytics
by Terence Leung We discussed the first hurdle, data acquisition, out of several, in applying advanced and predictive analytics by organizations in a previous blog. The second hurdle involves applying advanced analytic models to make sense of the data and look for...
by Greenlight Technologies | Jul 5, 2017 | Finance Performance and Risk Analytics
by Terence Leung Finance is asked to be the strategic partner of the business, loud and clear, at the FEI Future of Technology Conference earlier this month. To be an effective partner, many organizations are undertaking Digital and Finance Transformations. A speaker...
by Greenlight Technologies | Jun 22, 2017 | Finance Performance and Risk Analytics
by Terence Leung | Continued from Part I In carrying out Digital and Financial Transformation, it is prudent to evaluate what areas can be addressed very well by predictive analytics and state-of-the-art machine learning. I was pleasantly surprised when McKinsey...
by Greenlight Technologies | Jun 13, 2017 | Finance Performance and Risk Analytics
by Terence Leung An article by the Forbes Technology Council (“Machine Learning And Analytics: What’s Your First Step?”) takes a look at recommended steps to start exploring Machine Learning. The article mentions that, as an early step, there is the need to...
