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.
Our COO, Hans van Nes, attended the recent SAP sponsored Governance, Risk and Compliance conference (GRC2015) in Nice, France. His review forms the latest guest post, and I am reliably informed that the title refers to observations from the conference attendees and not his position on the beach at the Promenade des Anglais .… Read MoreRead More
PwC’s Global Finance Benchmark Report 2015 is the latest in a series of reports for finance leaders and is an excellent combination of a status update on the changes in the role, performance, governance, structure and mandate for the finance function and a rapid benchmarking tool with insights to help support the drive towards world class finance.… Read MoreRead More
Continuous Controls Monitoring, Transaction Monitoring and Data Analytics are all related terms for techniques that help assure the operation of core business processes and identify exceptions to policy or expected norms to help drive incremental improvement. Some organisations have had great success with these approaches and driven substantial benefits, but the majority of organisations still struggle to build a sufficiently robust plan and business case to get executive buy-in.… Read MoreRead More
On the heels of capabilities for finance and ERP applications such as SAP ECC, HANA, SRM, CRM, Oracle R12, JD Edwards, PeopleSoft, Lawson, SunSystems, Microsoft Dynamics and Infor LN. Consider Solutions share their experiences and capabilities for continuous monitoring and data analytics for the Infor M3 ERP system, formerly Movex from Intentia AB, later merged with Lawson.… Read MoreRead More
Arguably the cost of the typical finance function has halved over the last two decades, during which time expectations from the business have almost doubled. A series of transformation programs have implemented ERP systems, established shared services centres (SSCs) and addressed the stringent demands for greater control and regulatory compliance.… Read MoreRead More
I’m very pleased to welcome a guest blog post, written today by Julia Biedry. As a keen fan of Daniel Kahneman’s work, Julia has chosen to delve a bit into the psychology behind important business decisions…
From grade school up to college and beyond, we have constantly been fed the same platitude that our first instinct is probably the right answer.… Read MoreRead More
The ‘F Word’ is enough to get people quite agitated in any discussion. Particularly when it relates to our business processes . . .Yep, I’m talking about Fraud.
We all know it happens, but not in our companies. But it does remind me of a related comment I heard a few years back “Everyone’s talking about it, some people are doing it and no-one is doing it very well’. … Read MoreRead More
This is an excerpt from a recent white paper:
“The recent 2013 update of the Internal Control Framework issued by the COSO was a major event followed by standard setters and publicly held companies. The original COSO framework published in 1992 became a widely accepted internal control framework standard for meeting the requirements of a number of US regulations led by the infamous Sarbanes-Oxley Act (SOX) of 2002, introducing a formal sign-off on the effectiveness of the system of Internal Controls over Financial Reporting (ICFR).… Read MoreRead More
Leading Indicators and Key Exception Indicators are key tools in optimising finance processes. Gartner’s latest research supports this and even makes the bold claim that predictive business performance measures will help drive productivity by 20 percent by 2017. According to Gartner, such measures can comprehend exceptions and variances to individual process execution and thus are essential to mitigate and prevent the impact of disruptive events on profitability. … Read MoreRead More
Observations and experiences in my travels from a small island . . .
I am fortunate to have the opportunity to wander far and wide talking to people in various roles about their strategies for Financial Control & Compliance, Risk Management and Process optimisation.… Read MoreRead More