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The impact of technology on credit managers: the convergence of data analytics, and process automation.(selected topic)
As credit and collections managers survey their profession, they see a ground swell of support for new technologies. After years of declining budgets for IT investment, there is pent up demand for productivity enhancements in the form of centralization, standardization, and outsourcing of financial functions. The reasons are numerous.
* Inaccurate forecasting of DSO, write-offs and loss provisions is no longer acceptable.
* Enterprise Risk Management (ERM) is more important today as memories of Enron, Tyco and other corporate scandals are fresh in the minds of CFOs.
* Sarbanes-Oxley has created an urgent need to implement company-wide internal ...
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