Rescue is on hand

by   |    |   4 minutes  |  in Business Agility, Business Technology, Finance, Strategy

  As predictions of another global economic storm ring out amid most of the world’s press, and stock markets tumble in fear, there are two things businesses should do to help protect themselves from what lies ahead.  First, gather as much data about your business, Industry, markets, customers and competitors as you can and consider the…

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PIC_2113

by   |    |   7 minutes  |  in Business Agility, Business Technology, Finance, Strategy

According to the 2016 Finance priorities survey conducted by consulting firm Protiviti, the top priorities for CFOs in the coming year are margin and earnings performance followed by cyber security, strategic planning, forecasting and budgeting. Personally I would add corporate services optimization to that. In addition to this, KPMG in their ‘View from the top’…

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Shared Services

by   |    |   2 minutes  |  in Finance

The concept of shared service centers has been around for a number of years now. But now that they are common, what is the next step to driving out cost from your business? In my post on how to make shared services work for you, I commented that most organizations that are considering shared services…

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accounts.jpg

by   |    |   2 minutes  |  in Finance

Do you know where every number in your financial reports comes from? One of the underlying requirements of finance is to put controls around the transaction to report processes. This is often referred to as R2R or Record-to-Report. There are all sorts of qualitative measures we can put around reporting (accessible, timely and accurate just…

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Business

by   |    |   2 minutes  |  in Finance

The short answer is – you hope you have some idea! So how are you driving out your corporate risk? No one wants to be in the spotlight like Tesco was last week, announcing that they had overstated profits by £250 million. Without having good risk and governance tools in place, this type of problem…

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Glocalization

by   |    |   2 minutes  |  in Finance

The tailoring of a product to local requirements, by a global (or at least globally aspiring) organization. Glocalization is the tailoring of a product to local requirements, by a global (or at least globally aspiring) organization. Everyone prefers something that has been made especially for you, rather than a copy of what someone else already…

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Shared Services

by   |    |   2 minutes  |  in Finance

We’ve all heard the mantra of ‘reduce cost by using shared services.’ The real question, though, is what activities are worth moving and what should you expect to gain? Most organizations that are considering shared services look at administrative functions to start with. Areas like Accounts Payable, Treasury or even the entire Finance function. The…

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smaller dollar

by   |    |   2 minutes  |  in Finance

Transfer pricing and tax planning have been in the media a lot lately as details emerge of how companies like Amazon, Google, Vodaphone and GlaxoSmithKline proactively limit their tax liabilities by shifting revenue and expenditures across international boundaries. We are told that every organization that can, is managing where their profits are deemed taxable. Repeatedly,…

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