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When talking about data types, it is possible to do it from different approaches. They can be identified according to their origin, the importance they have for the business or the language that will be used to work with them, among others. But one of the key classifications when

According to a survey carried out by the New York University finance professor, Aswath Damodaran, of 7,229 North American companies, e-commerce is among the industries with the lowest operating margin. While companies in the banking and finance sector are the ones with margins of around 30%, those engaged in

Cryptocurrencies are a digital asset that has experienced huge growth in recent times due to various factors such as the decision by some governments to give the currency legal tender. However, it has also suffered situations that cast doubt on its viability, such as the most recent episode known

The technological revolution in which we have been immersed in recent decades is generating an exponential growth curve around the creation of data. By 2018, the International Data Center (IDC) had projected that the data created globally by 2025 would be 175 zettabytes, five times more than in 2018.

Thanks to data analysis, organizations today have the possibility to increase their sales and improve their productivity. Through the help of state-of-the-art technology such as AI (artificial intelligence), Big Data, and the work of data professionals who facilitate the control, storage and management of digitized information, companies can transform

In 2017, Andrew Ng, one of the world's most renowned computer scientists, stated that artificial intelligence is the electricity of the 21st century. Although some absent-minded may believe that it is a slightly exaggerated statement, the truth is that this discipline has great potential to transform all kinds of industries:

Being an entrepreneur is not an easy task, in any aspect of life. Those who carry out a business need to be aware of hundreds of issues, be in contact with many people, learn about very diverse topics and take care of the finances of their firm. Regarding this

One of the sectors that has evolved the most in the last year has been digital payments. While cash payments fell by 16% globally in 2020, the use of digital wallets increased with adoption peaking between 40% (Indonesia) and 90% (Australia), according to a McKinsey report. This new picture

One of the most visible changes in recent years has been the advance of digitalization in almost all the daily aspects of our lives. We use less and less cash, we prefer on-demand platforms rather than cable TV, and buying in a physical store is no longer so common. 

“Data is everyone's land and no one's land”, says Walter Sosa Escudero author of the book Big data: A brief manual to learn about the data science that has already invaded our lives (Siglo XXI, 2019). With this phrase, the expert starts with a warning: the new era of

Consumers are becoming more and more comfortable with online shopping. In 2020, more than two billion people bought goods or services online, and during the same year, e-retail sales exceeded $4.2 trillion worldwide, according to a study by Statista.  In 2021, global e-commerce sales grew 16.8% year-over-year, accounting for

Digital transformation is often regarded as synonymous with technology in organizational environments. Although this is partly right, it is only half true. Embarking on a process of digital transformation also implies taking a step further to change the business mindset and culture of a company. Although organizations have accelerated

As the production of data is on the rise, companies are becoming more oriented to manage their efforts and make decisions based on them. Each like, each download and each click leave a trail that can be measured and converted into valuable information to make business more efficient. Despite

The fintech industry took a big leap during the pandemic. According to a report by Finnovista in partnership with Mercado Pago, published on the Bloomberg Línea website, by the end of the first half of 2021 Latin America already had more than 1,500 fintechs, including five new unicorns: Clip

The current state of digital transformation has as an unstoppable effect: the generation of enormous volumes of data that grow exponentially. On the other hand, these huge masses of data are dispersed in various systems (ERPs, CRMs, databases, third party systems, etc.) and in multiple formats (TXTs, PDFs, CSVs,

With this new development, Conciliac EDM customers may integrate seamlessly and without costs to more than 24,000 public APIs to obtain all the data they need to consolidate, reconcile, or standardize. Buenos Aires — January 2022 — Conciliac announces the deployment of its new functionality, the API Connector, as

2022 is starting and Finance is again in the spotlight, though from now on, companies will face a period of higher growth when compared to 2020 and 2021. If during the last two years CFOs have had to review budgets closed at the end of 2019 and fine tune

Fintechs target population segments unattended by traditional banks. Opportunities appear in all segments of the value chain. The fintech phenomena started worldwide about five years ago, although there are cases of companies that had started even before the term was even coined. The pandemic gave them the push these

In the last 24 months the health industry has occupied a central place in the daily life of the whole world with the arrival of the Covid-19 pandemic. As a consequence, this industry, which was already essential, has become even more indispensable.New challenges emerged, the medical personnel who were on

The end of the month comes. And the concern grows. This time not because there is no money in the register but because it is time to reconcile, a task that will start on the last business day and will run until the fifth of the following month. Reconciling the

By integrating with SAP ERP and SAP S/4HANA®, the Enterprise Data Management solution from Conciliac delivers automation and scalable data processing to customers Buenos Aires — November 12, 2021 — Conciliac today announced that its Enterprise Data Management (EDM) solution is now available on SAP® Store, the online marketplace

Information security is paramount in times when process digitalization increases. Approaching the topic from different angles allows to access data safely and at all times. “21st century oil, target of daily attacks”, “the key to approach business”, “the best kept secret of all big digital companies” … All these

Audits tend to be tangled processes within organizations. But with technology it is not only possible to be more efficient in terms of preparing reports, but also to standardize an activity that, in this way, relieves tension and provides new benefits to the company. People with frowns. Heads down.

After 2020 kept a large part of the world population unable to move from home, and thanks to global vaccination campaigns, 2021 has seen a growth up to 40% of the tourism industry compared to the previous year, according to the World Tourism Organization. These values are very promising

Cloud and On-Premise. In the digital era, the possibilities to transform processes within companies are expanding. Cloud services are part of an irreversible trend. Nonetheless, organizations continue to prefer to keep certain sensitive services on-premise. Hence, the concept of hybrid systems is increasingly prevalent, that is, systems that combine

Marketplace. E-commerce. Is it all the same? Or are there differences between them? These terms used in commercial activity are often confused as if they were synonyms, whereas in reality, they are not. In truth, they are terms that express a part of how the commercial activity is developed,

The year 2020 presented great challenges as a result of an unexpected pandemic that changed the status quo of the payment systems industry. An industry that, though it had been evolving and had the expansion of digitization as the main point in its roadmap, had to accelerate these processes

Recently, digital transformation has accelerated in companies as a counterpart to new consumer habits, which were modified by the pandemic. Purchases were digitized and grew exponentially and with it came the challenge of "the last mile". This became a challenge for all industries and businesses. Restaurants, supermarkets, clothing stores,

In our last post we addressed the paradigm shift brought about by the pandemic in terms of the new challenges faced by the Administration areas in reference to volumes and diversity of payment channels.We also mentioned that this transformation not only generated new challenges for the administrative area, but for

The paradigm shift towards digital transformation was accelerated by COVID-19, a pandemic that does not give us a break and that day by day makes us become more flexible to face the challenges represented by each new scenario that we are going through. Daily contact with colleagues and clients

Treasury management is one of the most important aspects for the financial well-being of a business. You have to control collections and payments, be aware of the dates on which they will occur and have a liquidity forecast. Commonly, companies tend to carry out these processes manually, verifying that

Your Marketing Department may have complex databases full of information. The cleaner and better organized they are, the higher your success rates will be, because data today is the key to making marketing actions work. Segmenting your subscriber lists the right way, according to your goals, is crucial for

Are you in control of your business data? Or is it the data the one that controls your business? Answering this great question is one of the keys to Data Management. Depending on how you do it, this will significantly influence the productivity and competitiveness of your company. In

Conciliac Achieves SAP-Certified Integration with SAP S/4HANA ® Buenos Aires, Argentina – 20-08-2020 – Conciliac announced today that its Conciliac Recon Software has achieved SAP certification as integrated with SAP S/4HANA®. The integration helps organizations to fully automate any reconciliation processes such as GL Accounts, Banks, Fixed Asset, Material

Outsourcing and Shared Services (OSS) were born from the need to lower costs and increase efficiency in organizations more than 40 years ago. However, as in many other industries, companies dedicated to OSS have had to reinvent themselves and take advantage of emerging technologies such as RPA (Robotic Process

How our industries produce, in some way, has determined the way in which we are organized as a society and relate to one another, the knowledge and technology we must have and spread, the professions and trades needed to sustain them, and lastly, the way in which we perceive

At the start of the year, it’s very tempting to try to predict what is coming in the next 12 months. After reviewing forecasts from leaders in the RPA (Robotic Process Automation) Industry, I have selected five predictions for 2020: RPA will become the YouTube for automation This phrase

In its beginnings, RPA (Robotic Process Automation) Technology was adopted to automate workflow: mainly BackOffice, such as transforming records to reports or reconciling purchases and unpaid acquisitions. What was it about those workflows that made them ideal for RPA? The fact that they were repetitive tasks that didn’t require

RPA (Robotic Process Automation) technology is in a privileged position. Thanks to its current maturity and non-invasive nature, it’s become the preferred tool to automate repetitive tasks within a wide variety of industries. It’s easy to identify its Return on Investment (ROI), and its evident benefits have made more

One of the charms of technology is its ability to dazzle us with novelties from time to time. On a personal level, we love having the latest cell phone, the latest TV screen for the living room, the latest laptop. But at a business level, this is not so

When I talk with businesspeople and finance executives about the benefits of using RPA (Robotic Process Automation) technology, I often encounter the wrong ideas about these robots. Let’s talk about the 5 most common myths around RPA: People are scared of robots taking their Jobs A survey of 1,000

“Our walls are the horizon. In a way, we are all Odysseus, members of a species that lost their way but discovered their greatest challenge: returning home,” said the writer Juan Villoro on March 20th, 2020, when due to COVID-19, a big part of the workforce across the world found itself

Biopharma is another industry that needs to adjust their current business models to constant regulations, while making sure Research and Development (R&D) investments become increasingly successful, and failures cost less and less. All this in a complex market, in which it’s necessary to redefine the relationships between health care

Last week we analyzed the implications of working from home from the perspective of the employee. But there’s another side to the equation: Are companies ready to have employees working remotely? A survey by CITRIX carried out in September 2019 in Latin-American countries indicates that 39% of those surveyed were

One of the biggest differences in business-related technology between 20 years ago and today is that nowadays, it’s possible to implement effective solutions with significantly less investment in time, effort, and capital.  Process-digitization, 3D printing, Internet of Things (IoT), along with machines and RPA technology allows industries to better

According to the website, IBISworld.com, the industry of travel agencies has maintained annual growth of 3.3% in the last 5 years, generating employment for more than 238,000 people, involving more than 62,000 businesses, and with a total income in 2019 of 41 billion dollars. Not any industry can boast these

In a previous article, we analyzed the need for talent in organizations given the dramatic changes in emerging methods and technologies like RPA (Robotic Process Automation), Artificial Intelligence, and Big Data. On this occasion, I would like to discuss how companies foster talent within their organization. Today, many organizations

Emerging technologies, such as RPA (Robotic Process Automation), Artificial Intelligence, Machine Learning, Big Data, and Predictive Analysis are providing companies with new tools to transform the way they do business; however, this is also modifying internal processes within organizations, establishing new ways of working, and demanding new abilities and

A few days ago, I was talking to a friend about the cost of making mistakes and not implementing controls in your processes. He explained to me that just the week before, there had been an error in the system at his job (a lending institution) that had caused

A few days ago at a tech event, I ran into a good friend, Héctor Ortega, an expert in digital channels in the financial sector who is doing important work in Mexico to develop the financial sector community based on common interests and concerns, friendship, and open conversations. We discovered that

In an earlier article, I spoke about two moments in an organization’s lifespan that test all the skills a manager has: when there’s growth and when there’s cost reduction. Today, we’ll be talking about cost reduction. Froylán Campos from Deloitte Consulting explains to us that, according to a recent Deloitte

There are two moments in an organization’s lifespan that test all the skills a manager has: when there’s growth and when there’s cost reduction. Both represent a crisis, as defined by the RAE: “Profound change with important consequences in a process or situation” and, as in all crises, it is

Being that we’re in the last trimester of the year, I thought it would be interesting to review the business management predictions made for 2019. It wasn’t a surprise to find that the predictions were not only consistent, but also accurate in describing how they would affect businesses. These

Marc Benioff, president and CEO of Salesforce.com, not only defined a new paradigm in selling Software-as-a-Service (SaaS) when he founded his company in 1999, but also established a new vision for companies after the dot-com debacle of 2001. In his book “Behind the Cloud”, Benioff tells us about how he

The concept of insurance has been among us for quite some time: maybe 5 or 6 centuries. Insurance companies have a little less (about 3 centuries), and they are certainly an essential player in the financial system since then. However, like other financial companies, today they face challenges that can

One of the most appreciated skills in a CIO (and in general, in the area responsible for technology), is to find among emerging technologies, those reliable, robust and cost-effective solutions that allow achieving the changing business objectives therefore reducing costs. As Maddie Davis, co-founder of the technology and innovation

Recently Bill McDermott, CEO of SAP, gave an interview to Bob Evans, an expert in technology and analyst for more than 20 years, as well as chief editor of the Cloud Wars website (cloudwars.co). From this brief but very substantial interview, I highlight five powerful ideas from Bill McDermott

Alex Shootman is the CEO of Workfront, a leading company in cloud-based business work management solutions since 2016. In addition to this position he is also an author and blogger. According to the site cloudwedge.com (specialists in news technology, reviews and opinions), a critical skill for managers, says Alex Shootman, is what he calls “translating the message”, that is to say, the ability to transmit the goals of senior

One of the effects of increased and improved automation of business processes (mainly using RPA tools) is the decrease in need for “human robots”, that is, for very intelligent workers, who perform very clear and precise tasks over and over again every day, and then go home. Peter Bendor-Samuel, founder and CEO of the international consultancy Everest Group, identified

The saying “Behind the clouds, the sun always shines” seems to define the current trend to host everything in the cloud; where the sun will always shine and we will find the perfect solutions to our problems, and all at a very low cost. But should everything necessarily live in the cloud? Is the cloud the solution to all

Swiss watches have been appreciated for five centuries, for two principle reasons: their great precision, and their beauty. These two characteristics involve, on the one hand, technology that is constantly updated and improved, and on the other, attention to detail and care toward customer satisfaction. The technology of Swiss watches didn’t

Solution helps automate any data reconciliation processes. Buenos Aires — Jun. 07, 2019 — Conciliac today announced its Conciliac Recon Software 3.0 has achieved SAP certification as powered by the SAP NetWeaver® technology platform. The solution integrates with SAP NetWeaver and can retrieve information directly from SAP ERP to reconcile different

“Blessed be the chaos, because it is a symptom of freedom,” Enrique Tierno Galván, former mayor of Madrid, once said. And with the climate that we observe today in the technology solutions market, it would seem that the apparent chaos brings freedom in its wake; Freedom to choose and build solutions. But this was not

After eight seasons, the HBO series “Game of Thrones” has ended. And as expected, there are conflicting opinions about how the producers brought to an end the stories they told us for more than 8 years. It’s only natural: it is difficult for millions of heavily involved viewers and fans to agree. It seems

A study by the FAO (United Nations Organization for Food and Agriculture) prepared in 2018 and taking information from 35 countries, representing 85% of the world’s paper and paperboard production, reports that by the year 2020 these countries will have the capacity to produce 62,434,000 metric tons of paper dedicated only to writing and printing (excluding newspapers), of which at

y have to be impeccable. Your colleagues who perform application development, service desk operations or infrastructure management can afford to be a little less than perfect. But people in cybersecurity? They should be almost perfect almost all the time. Good is not good enough.” Think of the most famous case of ransomware: the WannaCry, a malicious software that in

In our mind, the words “robot” and “future” are inextricably linked. This is because of the stories that our culture has created over the last hundred years. However, the irony is that robots have been with us for a long time and could hardly be considered the future. They are parts of our lives, they live and work

“Welcome to Finance in ​​2020. Finance is doing things that have never been possible before thanks to digital technologies. The access to multidimensional data from end-to-end allows total visibility of data of the company and of the clients. The result? The financial organization has evolved from a center of

One of the keys to the success of RPA implementation is to treat it as an ability, and not as a project. So said Rob Pretty, digital transformation expert and lecturer at the “Digital Transformation Online Summit 2019“, organized by EnterpriseMobilityExchange.com. The idea of ​​Pretty seems brilliant to me, because it touches one of the most frequent problems in the

Outsourcing or Business Process Outsourcing (BPO), is the hiring of a third party to perform non-core business activities. Although this practice is not new for many organizations, there has been a clear upward trend in outsourcing over the last 10 years. The fact is that the BPO industry has made it possible, to a large