In this issue: +++ Whitepaper: Big Data Analytics in the Finance Function+++ Thinking: Global Process Owners and Getting ‘more-for-less’ in Finance Shared Services +++ Financial Close – Accelerating, Assuring and Integrating the End to End Process; Upcoming Webcast Announced +++
Whitepaper: Big Data Analytics in the Finance FunctionArguably 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. At the same time, the pressure to benchmark performance against ‘world’s best practice’ have also increased, together with the demand from business units for better and more comprehensive decision relevant information based on a single version of the truth. Here our experts look at the nature of ‘continuous improvement’, as a ‘business as usual’ (BAU) process, and the emerging role for accountants as the executive managers of global business processes (often titled “Global Process Owners”). Read the new whitepaper: by Dan French, CEO of Consider Solutions, in which he discusses questions raised about Continues Monitoring and ‘WHY we want to monitor?’. Access the whitepaper here. |
Thinking: Global Process Owners and Getting ‘more-for-less’ in finance shared servicesArguably 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. At the same time, the pressure to benchmark performance against ‘world’s best practice’ have also increased, together with the demand from business units for better and more comprehensive decision relevant information based on a single version of the truth. Take a look at EVP David Mitchell new article about Global Process Owners here. |
Financial Close – Accelerating, Assuring and Integrating the end to end process’; Upcoming Webcast AnnouncedThe Financial Close process provides an environment where the unmoving, uncompromising pressures of time, accuracy, cost, efficiency and control effectiveness are pitted against each other. The last mile of finance is often a world of late nights, detailed analyses, painstaking reconciliations, and last-minute adjustments.
We will cover smart initiatives that gives leaders in this field a route to get to a “safer, faster, and better close”. Join Consider Solution’s Dan French and our guest speaker Josh May from Camelot Group in a discussion about how their continuous improvement journey resulted in a world class Financial Close process The webcast will take place Thurs, April. 16th: |