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.
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 MoreRead More
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 MoreRead More
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 MoreRead More
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 MoreRead More
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 MoreRead More
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 MoreRead More
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 MoreRead More
COVID has forced organizations to change the way they work, from social distancing, remote working, furloughs, responsibility changes to disrupted approval processes and more. Even before COVID, our research confirmed that up to 20% of user accounts for financial applications in major enterprises were outdated and invalid, creating a very real threat of unauthorized access and resultant fraud!… Read MoreRead More
For over three months now, COVID-19 has been our one and only focus. It’s impact on our businesses, people, cash flow and future plans have dictated our everyday lives since early March. Yet, there is a bigger picture still; a substantial recession is predicted.… Read MoreRead More
Managing financial controls effectively is no walk in the park. Global organizations struggle to ensure that financial controls are defined, monitored and managed effectively across end-to-end processes, functions, regions and operating units.
Due to the obvious impact of audit opinion on financial control effectiveness, especially under regulatory umbrellas such as Sarbanes-Oxley, many organizations are in a vicious cycle of reactive fire-fighting rather than focusing their efforts on managing the process proactively.… Read MoreRead More