Although the fundamentals of accounting have not changed much over the years, the velocity of business and regulatory change is unprecedented.
This whitepaper will cover trends that affect and challenge the retail industry and highlight how the back office - and particularly finance technology - can help drive success.
Today's enterprise resource planning (ERP) systems are challenged to provide the architectural agility necessary to support businesses in a high-change, global environment (e.g., to accommodate merger and acquisition [M&A] activity, new financial or regulatory requirements, organizational restructuring, or new business processes). A recent IDC survey shows that the negative impact of business disruptions attached to ERP modifications is simply too high: a 20.9% decline in stock price, a 14.3% revenue loss due to delayed product launches, and a 16.6% decline in customer satisfaction.