Blog

What's happening at Finance Transformation world.

Stay informed with product updates, company news, and insights on how to transform finance operations.

Featured

AI Assessment & Advice: Optimizing Technology Stack Efficiency
Thursday, April 24, 2025
Data reveals a widespread issue of underutilized software and inefficient technology spending in businesses. On average, 33% of SaaS spend is wasted due to underutilization... Organizations with 100 to 200 employees waste an average of $89,033 (34%) of their software budget, and this figure rises to a staggering 48% for companies with over 200 staff. Moreover, nearly one-third (29%) of all SaaS software spend is wasted.
Andrew Rudchuk
Wednesday, February 12, 2025
Transformation should be data-driven, not based on surface-level costs or personal preferences. Companies must deeply understand their workflows before deciding on a new solution. Research shows that 70% of finance transformation initiatives fail (source Gartner), but with structured analysis and solutions like Payhawk, the success rate can reach 99.9%.
Andrew Rudchuk
Sunday, January 12, 2025
For over two decades, ERP systems have been the backbone of finance operations, managing workflows like budgeting, payroll, and reporting. However, businesses now require greater flexibility, and ERP’s monolithic structure struggles to keep pace.
Andrew Rudchuk
Thursday, May 22, 2025
Andrew Rudchuk

Process Intelligence: Enhancing Visibility and Efficiency in Business Operation

Many organizations today operate in the dark when it comes to how work actually gets done. Fragmented processes, inconsistent task execution, and widespread miscommunication stem from a fundamental lack of process transparency. This not only stifles productivity but also erodes forecasting accuracy and strategic alignment. Studies show that inefficiencies in workflows can cost companies up to 30% of their revenue, while employees lose nearly a fifth of their time just searching for information.

Wednesday, May 14, 2025
Andrew Rudchuk

Simulation & ROI Forecast: Enhancing Predictive Capabilities for Process Changes

Predicting the outcomes of process changes remains one of the toughest challenges in business transformation, often leading to failed initiatives and wasted investments. With up to 95% of digital transformation efforts falling short, companies struggle to anticipate the ripple effects of operational changes, set realistic expectations, and quantify ROI. Arfiti’s Simulation & ROI Forecast feature tackles this head-on by providing an AI-powered environment where organizations can model and test process changes before implementation. By simulating different scenarios and forecasting their financial and operational impact, Arfiti empowers businesses to make data-driven decisions, reduce transformation risks, and significantly improve the likelihood of success.

Tuesday, May 6, 2025
Andrew Rudchuk

Methodology for Alignment Stakeholders: Fostering Collaboration and Shared Understanding

Collaboration challenges among stakeholders—driven by misaligned priorities, communication breakdowns, and siloed thinking—are a major cause of project delays and failed transformation efforts, with poor communication contributing to 56% of project failures. Arfiti’s Methodology for Aligning Stakeholders tackles this head-on by offering a standardized, unifying framework that brings together internal teams, consultants, and vendors. This structured approach fosters clarity, consistency, and shared understanding across all parties, reducing miscommunication and aligning efforts around common goals. With visual tools, standardized templates, and insights drawn from the Wu Xing philosophy, Arfiti promotes holistic thinking, breaks down silos, and strengthens collaboration—setting the stage for more cohesive, efficient, and successful transformation initiatives.

Wednesday, April 16, 2025
Andrew Rudchuk

Signals & Real-Time Updates: Staying Informed and Optimizing Technology

Keeping up with the constantly evolving SaaS landscape is a major challenge for businesses, as frequent updates, API integrations, and the need for real-time synchronization demand significant resources and expertise. Failure to adapt can lead to inefficiencies, security risks, and missed opportunities. However, proactive adoption of new features can drive productivity, reduce costs, and strengthen competitive positioning. Real-time monitoring and alerts further enhance operational agility by enabling immediate action on inefficiencies, security threats, and customer needs. Arfiti’s Signals & Real-Time Updates feature addresses these challenges by tracking emerging SaaS tools and updates, providing actionable alerts on efficiency and risk. This empowers businesses to optimize their technology usage, stay ahead of change, and make smarter, faster decisions with confidence.

Wednesday, April 2, 2025
Andrew Rudchuk

GenAI for Finance teams: assessment & advice on ERP improvements

The finance teams can benefit more and more from GenAI and tools like OpenAI ChatGPT, Anthropic Claude, and Google Gemini. The use cases go beyond financial data analysis, forecasting, and anomaly detection but go to an operational part of finance functions. In just 20 minutes, you can get such powerful insights from Google Gemini about your ERP usage and efficiency, for which you would have paid $3,000- $10,000 for a consulting company back in the day! What it can give to finance teams is simply amazing! #transform.energy.flow

Next