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Technology news for Australia's largest enterprises

Financial planning news stories

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Cryptocurrency
Bitcoin's in a slump but expert says ignore the crypto deniers to build long term wealth
Bitcoin is likely to record its worst monthly performance since May, but the CEO of a global financial giant says you should 'ignore the crypto deniers' if you want to seriously build your wealth for the long term.
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SAP Concur
Finance and IT collaboration to drive post pandemic recovery in Australia
The SAP Concur study finds that Australian finance and IT decision-makers are strongly positioned to lead the COVID-19 business recovery, however to do so they must collaborate and break down functional silos.
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Artificial Intelligence
Finance teams adopting AI clearly outperform non-adopters - Global survey
"While awareness of AI among finance professionals is high, with 70% having at least some knowledge, it's clear that those embracing AI outperform their peers."
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Financing System
Using invoice finance to keep up cash flow
A business can fall over from inadequate cash flow due to waiting too long for invoices.
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Juniper Networks
Juniper Networks Australia posts modest profit in 2020
The company also acknowledges the negative impact of COVID-19 on its operations.
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Financial software
Working capital finance: what is it and how to apply
Working capital finance can help uncork the bottleneck many businesses face – inadequate cash flow – without causing headaches later down the line.
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Experian
Australians confident in their finances following COVID-19, but we're not in the clear
“The various Government support programs have enabled Australians to avoid overdue debt throughout 2020, however our bureau shows some possible concerning trends as these begin to come to an end."
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Financing
How to achieve technology-fuelled growth with finance
“Cash flow is your business’ blood and like a doctor, you need to know the health of the patient before you operate.
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Cloud
Workday grows retail footprint with Zumiez
With Workday, Zumiez will have the ability to plan, execute, and analyse and gain a deeper understanding of the business to help it manage through the changing business landscape.
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Planning
The top 10 trends shaping budgeting, planning and forecasting in 2021
For those still grappling with getting their budgeting, planning, and forecasting processes operating efficiently and effectively, ten key trends need to be considered, writes Board International country manager for A/NZ Nic Dennis.
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Cloud
Apple NZ posts modest profit of $23m
Apple New Zealand recently released details of its annual financial statements, posting healthy revenue and a modest profit to the period ending 26 September 2020.
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Digital Transformation
What, no crystal balls? Public Trust moves to dynamic forecasting
Financial planning can be challenging in the best of times, but planning in a crisis takes it to another level. 
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Accounting
BlackLine enhances support for finance and accounting teams
“The global pandemic is bringing to the forefront what we’ve seen for years.  Traditional manual accounting processes are not sustainable."
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Cloud
Lenovo A/NZ posts $6.16m profit
The company did not pay out a dividend during the financial year, and does not recommend that one be paid.
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Mergers and Acquisitions
BlackLine buys out Rimilia & boosts accounts receivable automation
BlackLine’s acquisition enables the company to improve end-to-end automation of the cash lifecycle and improve data integrity.
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Experian
Aussie businesses turn to financial automation during time of economy uncertainty
“Cloud-based solutions are becoming an increasingly useful tool for improving online experience, accelerating speed to market and contributing to the easing of operational cost pressures; all of which is business critical right now.”
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Cybersecurity
Netlinkz revenue surges 846% as secure enterprise cloud technology gains traction
Executive chairman James Tsiolis believes this growth is the start of something much bigger.
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CFO
The evolving role of the finance department
By bringing their unique perspective and insights to the table, CFOs can help to ensure projects achieve their objectives and realise their full potential for the organisation.
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Robotic Process Automation / RPA
Trintech observes shift towards enterprise financial planning automation
"We are finding that more and more large enterprises are discovering the value of choosing a firm that is more than a vendor."
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Westcon Group
Westcon Group reaps $221.5m revenue
Westcon Group New Zealand’s financial statement reveals revenue of $221.5 million for the year ended 29 February 2020, with after-income tax profit grossing $2.7 million.
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Financial software
APAC firms cling to manual expense processes - at great cost
Asia Pacific organisations that rely on manual finance processes could be losing as much as US$21.5 billion due to productivity inefficiencies each year.
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Accounting
Video: 10 Minute IT Jams - Who is BlackLine?
In this interview, we speak with BlackLine A/NZ regional vice president Claudia Pirko, who discusses the role of automation and AI in finance departments and how COVID-19 has affected this.
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Business
CFOs forge on ahead with global expansion
While almost half (45%) say they are expanding globally or plan to do so within the next year, 9% say they will wait another year.
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Analytics
Data analytics has changed. Is the financial sector ready?
The A/NZ financial sector has data challenges a-plenty. Here’s one more, and the combination of technologies that will see you through.