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Optimising financial processes

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R2R Cycle Interview with Camelot Group Webcast; Keeping SoD Simple; Value of CCM and Transaction Monitoring Whitepaper


In this issue: +++ Webcast: Record to Report Cycle, Optimising Control – an Interview with Camelot Group +++ The SoD ‘Two Step’ – Keeping it Simple! +++ Whitepaper: SAP’s Flawless Finance – The Value of Continuous Controls & Transaction Monitoring +++

 

 

Webcast: Record To Report Cycle, Optimising Control – an Interview with Camelot Group

Guest Speaker, Josh May of Camelot, will share insights & experiences on optimising control, compliance and efficiency in the Financial Close process.

Join us in this live webcast in our ‘Global Process Owner’ series where we explore the control and cycle time challenges in the Financial Close cycle and hear from Josh May, Head of Financial Reporting at Camelot Group, on strategies they have adopted to optimise the process. Traditionally the last mile of finance has been a frenetic effort battling time constraints and complexity. Gain insights in eliminating the grind, making better use of talent and enabling high performing teams to drive continuous improvement and improve control.

“Financial Close – Accelerating, Assuring and Integrating the End to End Process”

The webcast will take place Thursday, April. 16th:

3pm – London
4pm – Paris
10am – New York

We look forward to you joining us!

For more details or to register your attendance click  here. 

The SoD ‘Two Step’ – Keeping it Simple!

We all know that managing Segregation of Duties is both an essential financial control and plain common sense. Most large organisations implement systematic processes, supported by technology to manage and mitigate the risks here. We help many of you in this area also. However it is good sometimes to remember some simple policy-based approaches that can help. However sophisticated your SoD management process, it is often healthy to remind the broader team and stakeholders. In an article designed for accountants / CPAs in the smaller business, some good recommendations are made for two key tactics – Ensuring Bank Account Transparency and publishing a policy of Surprise Audits.

You can read the article here.

Whitepaper: SAP’s Flawless Finance’ – The Value of Continuous Controls & Transaction Monitoring

Developing and implementing financial controls is only effective when those controls are tracked to ensure they operate as designed, ensuring business transactions are processed as prescribed.

This whitepaper, published in SAPInsider, explores the concept of Continuous Controls Monitoring (CCM) and Continuous Transactions Monitoring (CTM), detailing how these strategies can help your organisation address the detective, preventive and even predictive nature of data analytics in finance processes.

Download this informational whitepaper to learn:

  • The importance of continuous controls monitoring
  • How to validate the existence and effectiveness of controls in managing risk
  • How CCM can improve shared services organisations
  • How CCM can help avoid issues that could cause reputational damage
  • Approaches for automating control processes for maximum business value
  • A new model and checklist for 360-degree control and risk monitoring

Big data analytics have executive and customer attention, and this whitepaper will show you how that attention can be reflected into the core finance processes to drive efficiency, effectiveness and good governance.

Find out more by reading the whitepaper here.