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.

Access Control Challenges Persist
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access controlControl of Access to Corporate Applications has always been a key part of good governance practice. With the scope and number of systems increasing within organisations, user populations increasing, application related risks becoming more evident, greater remote and mobile working, access being extended beyond employees to sub-contractors, suppliers, partners and customers and the widespread adoption of SaaS and cloud based applications, not to mention the widespread reporting of access control breaches and failures, User Access Control has become an increasing priority for management.… Read More

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The Curious Incidents of Sales Risks In The Daytime
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Another two large bribery and corruption scandals, involving major companies who violated FCPA regulations have been reported in recent weeks. You would be forgiven for thinking that cases like these would be consigned to history by now, given the better software automation, heightened controls and increased scrutiny over the past 10 years.… Read More

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Excel Heaven & Excel Hell; What Fuels Our Addiction?
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spreadsheets“Excel: We can’t live without it, yet we are fast coming to the realisation that we can’t live with it either…” Robert Gothan, Financial Director.

When it works, Excel is an incredibly powerful, simple yet sophisticated tool. However, when it goes wrong, it can cause some serious damage, as starkly illustrated by the billions of dollars of losses racked up by JPMorgan’s Chief Investment Office through some impressive spreadsheet errors.Read More

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The Future of the Finance Function
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“The Future Ain’t What it Used to Be” (in the finance function!)

The champion baseball player, Yogi Berra, who died this year, left a great legacy in his pearls of unwitting philosophic wisdom.

A fitting way to set the tone for the discussion at last month’s The Future of the Finance Function conference, organised by Gary Simon of FSN Elite.… Read More

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SAP GRC 2015 “Between a rock and a hard place”
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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 More

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How leading finance functions are redefining excellence
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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 More

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Building the case for your Business Process Transaction Monitoring CCM strategy
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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 More

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More ERP users get benefit of advanced Continuous Controls Monitoring and Data Analytics capabilities
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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 More

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Global Process Owners and Getting ‘More-for-Less’ in Finance Shared Services
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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 More

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Don’t Trust Your Instinct: The Perils of Thinking Fast
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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…

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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 More

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