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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Business 2

by   |    |   3 minutes  |  in Finance

The concept of planning is central to business. Everything from production runs to capital construction projects to customer acquisition campaigns have plans associated with them. A budget is, simply put, a financial plan. So just like other areas, a budget is there to help us run the business more easily and efficiently by making important…

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chart

by   |    |   4 minutes  |  in Finance

Finance executives are feeling tremendous pressure to drive down business costs while maintaining an acceptable level of quality and performance. In order to meet this challenge, finance leaders need three things. Access to accurate business data Tools to translate this data into actionable insights The authority to drive change The last point, authority to drive…

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Types of Data Companies Are Collecting as Big Data

by   |    |   3 minutes  |  in Finance

Analysts like Forrester, Gartner and IDC are predicting that many industries are being fundamentally changed by “Big Data”. The basic idea of the Big Data trend is to employ better tools that analyze information that you already have (e.g. website stats, ERP data) and combine that with additional data that you can get (either free…

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