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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,

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

Operations between companies that belong to the same group are always reflected in accounting. These types of operations can be loans of money, collections or payments on behalf of third parties, and can occur casually or regularly throughout the year. In any case, it is vitally important to document

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

You may already be aware that the errors of the tax reconciliation in your company can be the source of many administrative problems. Poor accounting management can lead to unexpected costs and penalties. If every month, quarter or year you find that there are invoices that were not declared,

Automatically reconcile the operations of your company's credit cards, saving time, avoiding errors and problems. Not only the usual bank movements must be adjusted in accounting. Companies must also control the operations they carry out with their credit cards, which are, after all, an expense that must be reflected

The reconciliation of payroll with accounting is an unavoidable step in companies from any country. If you have employees, you must make sure that the deductions, medical insurance and salary perceptions correspond to what is actually recorded in your accounting data, your payroll and your bank receipts. If there

Inventory control goes far beyond counting the available stock. There is a lot of data related to stock management that should be verified. For example, the state of the assets or the reliability of the financial statements. This is not a process that can be done in isolation. When

When your company receives audits, it is essential that you have previously carried out an exhaustive control of the management. The reconciliations will allow you to prepare the Accounting Reconciliation Document. Your account balance should adjust to the reality of your bank account and thus avoid losing control over

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

Every month, your business must face collections and payments. The more bills your business generates, the bigger will be the number of registries to be reconciled. Usually, the values registered in your GL may not match with the ones from bank statements. Here is where bank reconciliation turns into

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

Electronic payment has become not only an upward trend in the last ten years, but also a distinguishing feature in the market for many industries. According to a study by the Institute of Chartered Accountants in England and Wales (ICAEW), the number of daily payments made by credit card in the

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

Kevin Johnson took up the reins of Starbucks in 2017. Becoming the CEO of an iconic consumer brand that serves millions of customers daily throughout the world, while succeeding the charismatic founder Howard Schultz after his two-decade reign would be a feat in and of itself. But the way

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

I’m writing this article on a PC while I listen to music on my iPhone, and you will probably be reading it on a Mac or iPad. This is all possible thanks to the legacy of three businesspeople who made groundbreaking work in the technology industry: Steve Jobs at

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

In the last four years, I’ve had the chance to participate in 4 radical business transformations: from a spin-off (a company born as an extension of a previous one) with an innovative digital business model, to the transformation of a traditional financial institution into a digital bank.  All 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

The concept of waste in organizations has once again become important due to the emergence of concepts such as “Lean Company”, where the value we generate for the customer will be once more driven to the center of the company. The concept of a lean company is based on

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

Last July marked 50 years since the Apollo 11 mission was successfully completed; the first mission that would allow two astronauts to reach the Moon. And also in July, Sir Richard Branson, the founding millionaire of Virgin Group, turned 69; celebrating with the astronauts in Cape Canaveral, Florida. This was no coincidence: Branson is heavily involved in space exploration through his company Virgin Galactic, which plans to take tourists

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