Thinking

Here you’ll find our opinions, viewpoints and rants. But don’t forget to add your comments – good or bad – on anything you like or loathe. We value your feedback.

Refocussing Internal Control Lens on Management Review Controls (MRC)
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Deloitte have recently released an interesting report in relation to the 15 year anniversary of Sarbanes Oxley. While anniversaries are usually an opportunity to celebrate and reflect on accomplishments. Instead of celebration, the 15-year reflection was met by several observations from management:

• The cost of compliance is too high

• Internal Control over Financial Reporting (ICFR) programs lack modernization

• Regulators continue to focus in ICFR

Management is also challenged by Management Review Controls (MRC), spending time and resources to address continued control deficiencies, significant deficiencies or material weaknesses and answer questions from auditors to meet regulatory expectation

We thought we would put together a brief synopsis of the message they extrapolated – exploring how management can refocus their internal control lens related to MRCs by providing insights around pillars of success, common challenges, and how world-class organizations are modernizing and renewing their focus into the ICFR program.… Read More

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7 Ways Smart Analytics Is Transforming the Purchase to Pay Cycle
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We recently hosted a discussion around Smart Analytics and its transformative effect on the Purchase to Pay Cycle, as one of the big 3 technologies. It was a stimulating discussion, sharing our experience from over 15 years of working with customers and our cutting edge research into the role of AI, RPA and Smart Analytics.Read More

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15 Risk and Compliance Insights
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Maximising the value from your existing Infor enabled controls monitoring & attestation processes

With a team of experts with 15 years’ experience as a company on this topic, and up to 25 years plus individually, we have been asked countless times to share best practices, insights, “what good looks like” and specific recommendations to get the most out of your investment in risk, controls and compliance processes, organisation, skills and technology.… Read More

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10 Insights from Shared Services Leaders on RPA and AI Experiences
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It was a privilege to be asked to speak recently at the European Shared Services Leaders’ Summit held in London on 15th and 16th March.

This conference, delicately nurtured, tended and moderated by SharedServicesLink was a case study in how to facilitate information and experience exchange between Executives.… Read More

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Finance & Procurement Align for Agility, Efficiency, Effectiveness, Transparency
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The governance of End-to-End Processes and the related discipline of Global Process Ownership (GPO) have become hot topics for management over recent years. GPOs are popping up all over the business, with a strong centre of gravity in the Finance and Shared Services functions.… Read More

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World Class Finance: Things to Consider for 2018, There’s Something for Everyone
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Every year we are all inundated with various pundits’ views of what’s in store for the new year. We are only 5 days into 2018 and already we have digested enough of this to give us festive indigestion.

So we thought we would try and take our own medicine, simplification and standardisation – as we do with processes, systems, policies and procedures…this is our attempt influenced by our own and our clients experiences from around the world.… Read More

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Nailing it Shut: The “Missing Link” in Managing Change, Programs and Projects
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Goals, plans, intent and intellect simply aren’t enough – ‘nailing it shut’ is the hard, final yards of any activity. Organisational shifts are built in part on Insight, Vision, Strategy, and Leadership. But equally importantly, maybe more so, they are built on execution.… Read More

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Maximising the Returns of our Customers’ Investments – Business Partnering
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Many of our customers have been investing in Consider Solutions for several years, at the critical nexus of finance processes, risk, control & compliance and ERP/IT enablement.

Your business is evolving. There are market-driven cycles that are affecting all industries. There is a greater need for business agility to respond to change and influence change, fast.… Read More

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GPO Summit London – Top 10 Takeaways
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In September SharedServicesLink hosted their 2017 Global Process Owner (GPO) and Process Excellence Summit.

It seems only yesterday that I participated in the North American GPO Summit (my findings were summarised here) so I thought I should share some perspective on what has developed after 5 months!… Read More

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Look Up, The World Has Changed
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It has become a cliché that “Change is the only Constant”, that the pace is relentless and that you ought to ‘stand by your beds’ because it’s getting worse. And these days we blame consumer expectations, artificial intelligence, digital channels, Brexit, Trump or the rise of the Gig Economy.… Read More

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