Thinking

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Vendor Master Data Governance & Integrity: 2021 Priorities


The COVID crisis has accelerated digital transformation. Organizations have had to adapt to de-facto behavioral changes. Remote, separated work has become the norm and more contactless interfaces and interactions have raised the bar on digital integration and enhanced process efficiency. We have learned too that data is the glue that binds digital transformation to effective process execution.… Read More

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The 8 Traps in Change & Transformation


In a recent survey, 75% of business leaders agreed that the business emphasis is now shifting, as a result of the crisis, from enterprise-wide transformation initiatives to more targeted process change and continuous improvement.

Our research showed that some of the biggest transformational challenges remain present whether you choose to “Go Large” or go “Small, Incremental and Continuous”.… Read More

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What COVID has taught us about Behavioural Change


Over the past 9 months, we’ve all experienced a fundamental change in habits and behaviors. Some people found these changes immediately beneficial. some made the conscious decision to embrace them, whilst others have found it stressful and difficult. For many, there has been a “mask of calm” covering true feelings.… Read More

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Is your Data Strategy an “Island”, a “Bridge” or a “Rapid Response Team?


As an organization, you are certainly planning or rolling out an enterprise-wide data strategy. You probably have done anything from setting up a lab, building data lakes, acquiring analytics and process mining platforms to hiring/contracting the appropriate staffing for it. You may even have appointed a “Chief Data and Analytics Officer”

You already know that it takes time and effort to bridge the gap between what that data strategy is designed to achieve and the direct needs of the business leaders and process owners to exploit data insights to optimize and transform operations today.… Read More

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You Are Right! It’s Not Rocket Science!


There are so many challenges in today’s complex global business processes that it can be difficult to know where to begin. Ownership, functional lines, geographic scope, legal and compliance obligations, understanding, systems complexity, data, governance, even “what good looks like” is not easy at scale.… Read More

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3 Procure to Pay Challenges to Overcome


Procurement, Procure to Pay (P2P) and Global Business Services (GBS) Leaders face many challenges when it comes to the end-to-end Procure to Pay process. Cash flow, resource allocation, transaction volume, usability of the data they have, value of the technology in place, and on and on.… Read More

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Data Driven Business Processes – “The Emperor’s New Clothes revisited?”


The expectations on the use of data to drive business insights have sky-rocketed and whole new job categories have boomed as a result. But still companies are failing in their attempts to become data driven.

A recent Harvard Business Review article found that 72 percent of companies report that they have been unable to forge a data culture, and 69 percent say that they have not created a data- driven organization.… Read More

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Balance Sheet Hygiene – The New Audit Hurdle


Anyone would tell you maintaining good hygiene, no matter the place, always makes sense. Never has hygiene been a more current topic than it has been the last few months.

Good hygienic practices should be extended to your Balance Sheet. This is becoming the new frontier in audit commentary.… Read More

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What Does Digitization Mean for Risk Management and Control Post COVID?


We have been talking non-stop about the impact of COVID on our businesses and financials since March. But where we were focused on what COVID was doing to our businesses on a day-to-day basis, we are now examining it’s longer term impact and the need to digitize risk management and control post-COVID.… Read More

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The Great Remote Working Conundrum: Be Careful What You Wish For


The curve in the above diagram is one you are probably familiar with. It represents the common human psychological reaction to change, used to illustrate everything from grief to success to self belief. What is important to note about all of these curves is that there are always two extremes followed by a happy medium.… Read More

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