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

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

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

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

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

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COVID, our research confirmed that up to 20% of user accounts for financial applications in major enterprises were outdated and invalid, creating a very real threat of unauthorized access and resultant fraud!… Read More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 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 More

When we talk about digital transformation, we all have different ideas of how to achieve what can be considered the impossible. And whilst nowadays better, faster and accurate data is helped by the new technology architectures, what sets apart those who achieve transformation success, comes down to good strategy, leadership and execution.… Read More

Let’s talk about cash. “Cash is King” right now and top of mind for all CFOs and Controllers. In the current environment, P&Ls are fragile things too!

On May 21st we hosted a webcast with Gary Steadman, Head of Business Services at ABP (Associated British Ports).… Read More